Australia: Shares flat amid mixed financial results

Australian shares struggled to advance on Wednesday as mixed earnings reports offset a boost from firmer mining and bank stocks.

The S&P/ASX 200 was up just 0.01 points at 5,555.0 at 0224 GMT.

Ardent Leisure Group surged as much as 19 per cent after unveiling a 32 per cent rise in annual profit. Ardent profited from rising numbers of Chinese visitors to its theme parks and the successful rollout of US family entertainment centres.

Air carrier Qantas, which posted a record annual profit, was 2.6 per cent firmer. It also declared its first final dividend in eight years.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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Seoul: Won rebounds on US dollar selling, stocks firmer

The South Korean won rebounded early on Tuesday as investors sold the greenback, taking profits after it strengthened sharply over the past two sessions.

The won was quoted at 1,118.5 as of 0206 GMT, up 0.7 per cent compared with Monday's close of 1,126.5.

"The won has been reacting to the dollar's movements most sensitively among Asian currencies recently, which would explain today's sharp rise," said Jeong My Young, a foreign exchange analyst at Samsung Futures.

She added that investors will turn their attention to a speech by Fed Chair Janet Yellen in Jackson Hole, Wyoming, later this week for the won's next moves, although direct hints about the US Federal Reserve's next policy move seems unlikely.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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S&P UPDATE OF 10TH AUG'2016 BY EPIC RESEARCH

theS&P 500 index could soar to 2,300 over the next several months, rising about 5% from its current toppy level.

But here’s the bad news: The Swiss investor, who publishes the aptly named Gloom, Boom & Doom Report, sees the large-cap benchmark shedding more than half its value, possibly over the next year.

“When it unravels, we are going to go to 1,100 on the S&P 500,” Faber told MarketWatch.

“Maybe we go first to 2,300, then we would have a perfect topping formation. A widening-top formation is about the most bearish technical formation you can have,” he said. Faber is referring to a so-called megaphone pattern, or broadening formation, which usually is associated with a sharp reversal in an upward trend for a security.

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Epic Research Singapore : Microsoft & Nokia Market News Update

Microsoft is now officially the proud owner of Nokia's handset division. To say farewell, let's look at the rise and fall of this mobile pioneer. 

Nokia hasn't always been a phone manufacturer. The company dabbled in paper products, footwear and tires before it became involved in the wireless industry. Starting today, it begins a new chapter as its Devices and Services division gets swallowed up by Microsoft in a $7 billion deal. Change is in the air, but very little is known about what exactly will be different now that the two companies are coming together in holy matrimony. Neither party was legally allowed to discuss details about the acquisition in public.



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Epic Research Singapore :Microsoft Market News Update

Microsoft Corp. on Thursday said it has sold more than five million Xbox One consoles to retail shops since the product was launched in November. 

The company hadn't provided sales figures since early January, when said it sold 3.9 million units through the end of 2013. 

Microsoft's statement comes a day after rival Sony Corp. said it sold more than seven million PlayStation 4 units, up from six million it had counted in March. Sony has released sales to consumers, while Microsoft in January said it would thereafter only release sales to retailers that carry the console. 

Despite the difference in methodologies, the statements from the companies reinforce Sony's apparent lead over Microsoft since they released their new consoles in November. 

Microsoft emphasized the positive comparison with its prior system. "The new generation is off to a strong start, with global Xbox One sales outpacing Xbox 360 by more than 60 percent at the same point in time," said Yusuf Mehdi, head of the Xbox division's marketing, strategy and business, in a statement.

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Epic Research Singapore : Microsoft News Update

Microsoft Corp. MSFT +0.61% will cut the price of Windows 8.1 by 70% for lower-priced computer and tablet makers, Bloomberg reported on Saturday, citing sources. In a bid to compete with cheaper rivals like Google Inc.'s GOOG -0.03% Chromebooks, manufacturers will pay $15 to license Windows 8.1 and preinstall on devices that sell for under $250, which is cheaper than the normal fee of $50, those sources said. Any product that meets the price limit will get the discount. Julia Kelly-Echeverio, a spokeswoman for Microsoft, declined to comment on the report to Bloomberg. 

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