Australia: Shares edge up amid mixed earnings, Fed uncertainty

Australian shares edged higher on Monday as investors digested a mixed bag of earnings results and the possibility of a United States rate hike before long, while New Zealand stocks continued their ascent to record highs.

Companies in Australia were showing they could cope with a mining downturn. But recent comments from Federal Reserve policymakers indicating a rate hike could come at a September policy meeting kept investors cautious.

After see-sawing between positive and negative territory, the S&P/ASX 200 index was up 5.817 points, or 0.11 per cent, at 0234 GMT.

The benchmark was 0.1 per cent lower last week, the first with annual earnings results.Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

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Europe: Stocks climb at open

European stock markets rose at the start of trading on Thursday, with London's benchmark FTSE 100 index rising 0.2 per cent to 6,873.24 points.

In the eurozone, Frankfurt's DAX 30 won 0.7 per cent to 10,613.08 points and the CAC 40 in Paris gained 0.5 per cent to open at 4,441.20 compared with the close on Wednesday.

The start was in contrast to Tokyo, whose main index slumped Thursday as fading expectations of an imminent Federal Reserve rate hike sparked a rally in the yen against the dollar, hitting exporters including Toyota and Nissan.Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

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Epic Research Singapore : Facebook Market News Update

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When Facebook announced that it agreed to buy Oculus VR, a developer of virtual-reality glasses, for $2 billion, investors got concerned again.

On the conference call with investors, Zuckerberg tried to portray each of these recent, high-valuation deals as extremely rare and not something that Facebook is going to embark on again in the next few months.

I guess you should not expect us to make a couple of multi-billion-dollar acquisitions over the next couple of months,” Zuckerberg said. “There are not many candidates to be the next computing platform.” 
 

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Epic Research Singapore : S&P Market News Update

US stocks finished mostly higher on Friday, with the S&P 500 closing at a record after more jobs than expected were created in February and January's figure was revised higher.
The S&P 500 ended at a record closing high for the second day in a row. Friday's milestone also was the S&P 500's fifth record closing high in the past seven sessions.
But the overall sentiment was cautious and trading was volatile throughout the session as investors adjusted their positions ahead of the weekend and kept a close eye on the simmering crisis in Ukraine.
The S&P 500 had climbed to an intraday record of 1,883.57 shortly after the opening bell, lifted by the Labor Department's report showing that US employers added 175,000 jobs to their payrolls in February. Economists had expected a gain of 149,000 jobs, according to a Reuters poll.

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Epic Research Singapore : Market Closing Update

Japan (Nikkei Average) up 0.5% (closed)
Sydney (S&P/ASX 200) up 0.3%  (closed)
Seoul (Kospi) down 0.5%  (closed)

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