sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
« Markets »
 FM calms nerves, says no plan to tax market gains
 Why we must tweak the market-led model
 PE transactions prompt income tax queries over round tripping concerns
 Amended India-Mauritius tax treaty only covers investments in shares
 Government drops cap gains tax on startup shares held for 2 years
 Tax-free bonds regain demand in the secondary market
 Relevant Market’ Under Competition Act, 2002
 Indian markets best in terms of earnings momentum, price revision
 How India will become a common market with GST
 Broader markets outperform; Nifty holds 8,500
 Have Indian markets run ahead of fundamentals?

Asian markets perform strongly
February, 03rd 2010

Asian shares powered ahead today with energy and resources stocks leading the way, as demand for riskier assets increased after Wall Street rallied on upbeat US earnings and economic data.

European stocks were set to gain for a fourth straight session on strength in Asian and US markets, with investors awaiting the European Commission's assessment of Greece's deficit cutting plan and the US ADP employment report later in the day.

US stock futures also pointed to a slightly firmer open after Wall Street posted two days of strong gains on encouraging economic data, which have helped dispel fears in recent weeks that America's economic recovery may be running out of steam.

Rising sales of previously owned US homes and robust earnings from US bellwethers in the consumer and industrial sectors pointed to a steady rebound in demand, fuelling gains of as much as 1.3 per cent in key U.S. stock indexes overnight.

But some analysts cautioned against predicting a strong run in Asian stocks despite the appearance of more appetite for risk.

Other analysts have echoed that view, noting that the global recovery and thus corporate earnings could be choppy.

Japan's Nikkei stock average edged up 0.3 percent, with rises by exporters on the strong US data offsetting declines for Toyota Motor Corp, whose US sales slid 16 per cent after its massive vehicle recall.

Fears of an extended sales slump pushed Toyota down 5.7 per cent. Toyota has now lost nearly 20 per cent of its market value since its recall was announced on January 21st.

All eyes will be on the automaker when it announces third-quarter results on Thursday and how the recall will affect its 2010 earnings forecasts.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - We Bring IT. Offshore software outsourcing company. We use Global Delivery Model (GDM) and believe in Follow The Sun principle

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions