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Australia Market edges down
Jan 12,2017

Australian share market revered course to finish marginally lower on Thursday, 12 January 2017, dragged down by selloff in healthcare stocks on following U.S. peers lower after U.S. President-elect Donald Trumps comments on the sector, offsetting gains in materials and energy shares. The S&P/ASX 200 index fell 0.1%, or 4.58 points, to 5,766.9 at the close of trade.

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Asia Pacific Market: Stocks lacklustre ahead of Trump press conference
Jan 11,2017

Asia Pacific share market closed slight higher in dull trade on Wednesday, 11 January 2017, as investors cautiously awaited US president-elect Donald Trumps news conference later in the day for clues on his economic policies.

Investors were awaiting Trumps first news conference since he won the U.S. presidential election for concrete plans on what he wants to accomplish in his first year in office. In his election manifesto, Trump has promised a large fiscal stimulus package, comprising tax cuts and higher government spending which might widen the fiscal deficit. This will lead to sharp recalibration on inflation expectations which are worrying traders.

Trumps also vowed to brand China a currency manipulator on his first day in office and has threatened to slap huge tariffs on imports from China, raising tension between the worlds two biggest economies.

Ever since Trump won Presidential elections, US business confidence has risen tremendously on promises of increased stimulus and lower tax coupled with protectionism to revitalize the economy. Global equity market funds based in US are investing in the US to ride on the prospective growth story which is strengthening the US dollar. Additionally higher US fund yield also triggers outflows from emerging markets bonds, making emerging market currency weaker.

Among Asian bourses

Australia Market edges up as miners rally

Australian share market closed edge higher, as gains in commodities-linked firms on the back of rising iron ore and base metal prices offset weakness in the financial, health care and real estate sectors. At the closing bell, the benchmark S&P/ASX 200 index inclined 10.80 points, or 0.19%, to 5771.50, while the broader All Ordinaries index added 10.70 points, or 0.18%, to close at 5823.70.

Shares in materials and resources companies surged on the back of ramp up prices in key commodities such as iron ore, copper and aluminium in China for a third session on Wednesday. Base metals were also up with copper and zinc gaining. Rio Tinto added 3.9% to A$62.28 and Fortescue Metals 4.5% to A$6.23. BHP Billiton added 2.6% to A$26.02. Gold Miners Newcrest Mining rose 1.2% to A$21.09, as gold held near six-week highs.

Energy shares were up, with Oil and gas explorers Oil Search adding 0.7% to A$7.40, Origin Energy rising 2.7% to A$6.93, and Santos gaining 0.5% to A$4.18, while Woodside Petroleum lost 0.4% to A$31.70. Whitehaven Coal closed 2.6% up to A$2.82, after data released on Tuesday showed coal exports from Australian state Queensland, one of the worlds biggest suppliers to China, hit record levels for the third year in a row in 2016.

Nikki gains on bargain hunting

The Japan share market rebounded, as investors chased for bottom fishing after heavy losses in past three sessions. Meanwhile, yen slight depreciation to mid-116 yen level against greenback also underpinned buying spirit. However, gains were limited as investors cautiously waited for the first formal press conference later in the global day by Donald Trump since his election victory. The 225-issue Nikkei average rose 63.23 points, or 0.33%, to end at 19,364.67. The Topix index of all first-section issues closed up 8.09 points, or 0.52%, at 1,550.40.

Stocks of Japanese companies that have already pledged to create more positions or retain jobs in the U.S. were higher, including Toyota Motor, which ended up 0.7%, and SoftBank, which climbed 0.9%.

Toshiba Corp closed up 4.1% after three main creditor banks pledged on Tuesday continued support for the struggling electronics and machinery maker amid the possibility of a large write-down in its U.S. nuclear operations.

Sony Corp was up 3.4%, following a news report that it is considering using organic electroluminescence displays for its smartphones to be put on sale in 2018-2019.

ABC-Mart shares dropped 4.5% after the footwear shop operator reported a lower-than-expected consolidated operating profit of 32,044 million yen in the March-November period, down 2.3% from a year before.

China Stocks down for second day

Mainland China stock market ended modest down, registering second day of falling streak, on increasing worries about liquidity crunch after faster approvals for initial public offerings (IPO) and increasing issuance of additional shares by listed companies. Chinas securities regulator had approved 14 IPO applications on Friday, which were expected to rise up to 4.8 billion yuan. The blue-chip CSI300 index, which tracks large companies in Shanghai or Shenzhen, fell 0.7% to close at 3,334.50. The Shanghai Composite Index fell 0.8% to close at 3,136.75. The Shenzhen Composite Index, which tracks stocks on Chinas second exchange, dropped 1.05% to 1968.43. The ChiNext Index, which tracks Chinas NASDAQ-style board of growth enterprises, shed 0.72% to 1,937.55 points.

Most sectors lost ground, led by consumer and transport shares. China Southern Airlines fell 4.4% after adding 7.4% in the previous session on reform expectations, while another reform bellwether China UnitedNetwork Communications dived 8.4% in its worst day in more than 10 months.

China Unicom closed down 8.4% at 6.91 yuan after State media reported a financial information service platform has filed a lawsuit in a Beijing court against the countrys second-largest mobile carrier, alleging that the mobile carrier had placed an intrusive pop-up ad on the service providers mobile app, which led to forced heavy data usage for app users. Other telecom service shares also struggled. Shenzhen-traded 263 Network Communications dropped 2.2% to 10.35 yuan and Guomai Technologies fell 2.1% to 10.77 yuan.

Hong Kong Stocks hit 10-week high

The Hong Kong stock market closed higher for fifth consecutive session on easing local rates and cooling concerns over the yuans declines. Most of sectors advanced, with property developers and steel makers being major gainers. However, gains were limited as investors cautiously waited for the first formal press conference later in the global day by Donald Trump since his election victory. The Hang Seng Index gained 0.84% or 190.50 points to close at 22,935.35, the highest close since 01 November 2016.. The Hang Seng China Enterprises index, or the H-share index, added 0.72% or 69.71 points to 9,733.90. Turnover increased to HK$69.8 billion from HK$62.3 billion on Tuesday.

Property counters showed muscles. Sino Land (00083) put on 3.2%. CK Property (01113) ended up 2.4% to HK$51.85. New World (00017) put on 2.9% to HK$8.94. Chinese developers were also higher. China Overseas (00688) gained 1.8% to HK$22.4 after Goldman Sachss target price hike. Its subsidiary China Overseas Property (02669) soared 9.3% to HK$1.41. CR Land (01109) also rose 1.8% to HK$18.84.

Steel counters saw active buying activities. Maanshan Iron (00323) and Angang Steel (00347) surged 6.3% and 6.8% to HK$2.54 and HK$5.34.

Energy stocks lagged after U.S. benchmark crude prices fell nearly 6% over the previous two days, with China Petroleum & Chemical (Sinopec) declining 0.5% to HK$5.87.

Guangzhou Automobile Group rose 2% to HK$10.42 after reports that Chinas securities regulator had accepted its application for non-public issuance of A-shares.

Intime Retail Group rose 0.9% to HK$9.63, adding to its 36% surge on Tuesday, following news that Alibaba Group Holding was joining hands with Intimes founder to take the company private. S&P Global Ratings placed the companys credit ratings on positive watch, citing potential benefits from Alibabas support.

Sensex settles above 27,000 mark

Indian benchmark indices registered impressive gains onpositive start of the earnings season and positive global cues. The barometer index, the S&P BSE Sensex, rose 240.85 points or 0.90% to settle at 27,140.41. The Nifty rose 92.05 points or 1.11% to settle at 8,380.65.

Investors cheered better-than expected Q3 numbers in IndusInd Bank along with bullish Asian stocks ahead of US President-elect Donald Trumps news conference later in the day that will give his policy insight. Besides, investors widened their bets on optimism that upcoming general budget - to be unveiled next month - would contain incentives for corporates, which will help boost the economy.

IndusInd Bank reported a healthy growth in its net profit by 29% and the Net Interest Income increased by 34% despite cash crunch created by demonetisation, as investors negated apprehension in banking sector, lapping it up by 2.40%.

Lupin rose 2.20% after the company announced that it has received final approval for its Desoximetasone Cream USP, 0.05% and Desoximetasone Cream USP, 0.25% from the United States Food and Drug Administration (FDA) to market a generic equivalent of Taro Pharmaceuticals North America, incs Topicort LP Emollient Cream, 0.05% and Taro Pharmaceuticals, incs (collectively Taro) Topicort Cream, 0.25%.

Elsewhere in the Asia Pacific region: New Zealands NZX50 was up 0.45% to 7069.59. South Koreas KOSPI index added 1.5% to 2075.17. Taiwans Taiex index eased 0.04% to 9345.74. Malaysias KLCI added 0.2% to 1675.21. Indonesias Jakarta Composite index fell 0.2% to 5301.24. Singapores Straits Times index shed 0.2% to 3000.94.

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Hong Kong Stocks hit 10-week high
Jan 11,2017

The Hong Kong stock market closed higher for fifth consecutive session on Wednesday, 11 January 2017, on easing local rates and cooling concerns over the yuans declines. Most of sectors advanced, with property developers and steel makers being major gainers. However, gains were limited as investors cautiously waited for the first formal press conference later in the global day by Donald Trump since his election victory. The Hang Seng Index gained 0.84% or 190.50 points to close at 22,935.35, the highest close since 01 November 2016.. The Hang Seng China Enterprises index, or the H-share index, added 0.72% or 69.71 points to 9,733.90. Turnover increased to HK$69.8 billion from HK$62.3 billion on Tuesday.

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China Stocks down for second day
Jan 11,2017

Mainland China stock market ended modest down on Wednesday, 11 January 2017, registering second day of falling streak, on increasing worries about liquidity crunch after faster approvals for initial public offerings (IPO) and increasing issuance of additional shares by listed companies. Chinas securities regulator had approved 14 IPO applications on Friday, which were expected to rise up to 4.8 billion yuan. The blue-chip CSI300 index, which tracks large companies in Shanghai or Shenzhen, fell 0.7% to close at 3,334.50. The Shanghai Composite Index fell 0.8% to close at 3,136.75. The Shenzhen Composite Index, which tracks stocks on Chinas second exchange, dropped 1.05% to 1968.43. The ChiNext Index, which tracks Chinas NASDAQ-style board of growth enterprises, shed 0.72% to 1,937.55 points.

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Nikki gains on bargain hunting
Jan 11,2017

The Japan share market rebounded on Wednesday, 11 January 2017, as investors chased for bottom fishing after heavy losses in past three sessions. Meanwhile, yen slight depreciation to mid-116 yen level against greenback also underpinned buying spirit. However, gains were limited as investors cautiously waited for the first formal press conference later in the global day by Donald Trump since his election victory. The 225-issue Nikkei average rose 63.23 points, or 0.33%, to end at 19,364.67. The Topix index of all first-section issues closed up 8.09 points, or 0.52%, at 1,550.40.

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Australia Market edges up as miners rally
Jan 11,2017

Australian share market closed edge higher on Wednesday, 11 January 2017, as gains in commodities-linked firms on the back of rising iron ore and base metal prices offset weakness in the financial, health care and real estate sectors. At the closing bell, the benchmark S&P/ASX 200 index inclined 10.80 points, or 0.19%, to 5771.50, while the broader All Ordinaries index added 10.70 points, or 0.18%, to close at 5823.70.

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US stocks end on a mixed note
Jan 11,2017

US stocks ended Tuesdays session on a mixed note on 10 January 2017. The Nasdaq finished out front, followed by the S&P 500 unchanged and the Dow with losses. Todays session got off to a flat start after some retailers and restaurants issued disappointing guidance. The Nasdaq Composite notched its fourth record close in a row Tuesday, representing the longest stretch of record closes for the tech-heavy index since 1999.

Fresh all-time highs for the Nasdaq came as the Dow industrials failed to reach the psychologically significant level of 20,000 again, amid otherwise tepid enthusiasm for equities ahead of a news conference from President-elect Donald Trump set for Wednesdayn++his first since being elected on 8 November 2016.

The Dow Jones Industrial Average which had traded up by as many as 70 points and within 43 of breaching the 20,000 mark earlier in the session, closed down 31.85 points, or 0.2%, at 19,855.53. But the Nasdaq Composite Index shined, finishing up 20.00 points, or 0.4%, at 5,551.82, for the sixth straight day in the green. Meanwhile, The S&P 500 index ended at its flattest level in years, unchanged from Monday at 2,268.90. The broad-market gauge had been up by as many as 10 points earlier in the session.

Five of the 11 main sectors closed lower, led by a decline in the real-estate sector and a gain in consumer-discretionary stocks. Shares of Merck and Exxon Mobil dragged on the benchmark.

Market participants are awaiting the kick off earnings season for some support for the recent rally in U.S. stocks.

Some of evidence of pre-Trump news conference jitters were on display in the dollar which pulled back somewhat on Wednesday. The greenback was up about 0.1% against major currencies. The dollar has been rising on hopes that the new administrations fiscal stimulus will boost the economy, but some traders believe that bet may have been pushed too far, too fast.

Economic data at Wall Street showed that November Wholesale Inventories increased 1.0%, which was above the consensus of 0.9%. The prior months reading was revised to -0.1% from -0.4%.

Separately, November Job Openings and Labor Turnover Survey showed that job openings decreased to 5.198 million from a revised 5.451 million (from 5.534 million) in October.

Bullion metals pared early gains by Tuesdays settlement as the dollar strengthened on 10 January 2017, but uncertainty a day ahead of a scheduled press conference by President-elect Donald Trump helped lift the precious metal to its highest finish in six weeks.

Gold for February delivery tacked on 60 cents, or less than 0.1%, to settle at $1,185.50 an ounce. Prices touched a high above $1,190 during the session. Silver for March delivery added 16.5 cents, or 1%, to $16.848 an ounce after climbing 1% Monday.

Oil prices fell sharply on Tuesday, 10 January 2016 to finish the session at their lowest level in nearly five weeks, weighed by worries about an increase in U.S. production and doubts that global producers will comply with a sweeping agreement to curb output.

On the New York Mercantile Exchange, February West Texas Intermediate crude fell by $1.14, or 2.2%, to settle at $50.82 a barrel. March Brent crude on Londons ICE Futures exchange dropped $1.30, or 2.4%, to $53.64 a barrel.

With the Organization of the Petroleum Exporting Countries-led pact in effect for less than a month, many market participants have been unsure whether the agreement will be carried out and if participating producers will comply with their allotted quota.

The Treasury market remained relatively flat throughout todays session. The 2-yr yield closed unchanged at 1.19%, while the 10-yr yield finished up one basis point at 2.38%.

Todays trading volume finished above the 50-day moving average as 1.17 billion shares changed hands at the NYSE floor.

Tomorrows lone economic report is the MBA Mortgage Applications Index, which will be released at 7:00 ET.

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Modest gains at Wall Street
Jan 09,2017

Modest gains on Wall Street pushed the S&P 500 and Nasdaq Composite to record levels on Friday, 06 January 2017, while the Dow closed a fraction below the closely watched 20,000 level, following a December U.S. jobs report that investors interpreted as generally positive. All three benchmarks posted solid weekly gains, continuing the post election rally on Wall Street.

Equity indices started the day flat after the December Employment Situation report was met with a muted reaction from investors. The stock market picked up the pace about an hour into the session, trending upwards to a record intraday high where it remained until the closing bell.

The Dow Jones Industrial Average gained 64.51 points, or 0.3%, to 19,963.80, after coming within a whisker to the psychologically important 20,000 level. At session highs, the Dow hit 19,999.63, setting an intraday record. The blue-chip index rose 1% over the week. The Nasdaq Composite was the days best performer among stock-market indexes, advancing 33.12 points, or 0.6%, to 5,521.06. The tech-heavy index gained 2.6% over the week. The S&P 500 closed 7.98 points, or 0.4%, higher at 2,276.

Eight of the 11 main sectors finished with gains, led by technology and financials shares. The telecoms sector was the biggest laggard.

The Labor Department reported on Friday that 156,000 jobs were added in December to cap off the sixth straight year in which the economy created more than 2 million new jobs. Market had predicted a 180,000 increase in new nonfarm jobs. The unemployment rate rose to 4.7% from 4.6%. An increase in wage growth, however, provided support for the argument that the employment market remains on a solid footing. Average hourly wages jumped 0.4% to $26 last month, while hourly pay increased 2.9% from December 2015 to December 2016, marking the fastest 12-month increase since a recovery that began in mid-2009.

Strength in the dollar, with the ICE U.S. Dollar Index, a measure of the currency against six rival currencies, tacking on 0.7% Friday, weighed on crude, which is priced in the currency. A stronger buck makes assets priced in the currency more expensive to buyers using other monetary units.

The main indexes maintained gains after news reports that multiple people have been shot and killed Friday at the Fort Lauderdale-Hollywood International Airport.

As per traders, the jobs report was solid and pointed to continued growth in the economy. More importantly, wage growthn++often seen as a precursor to inflationn++picked up to mark the fastest annual increase since a recovery that began in mid-2009.

In other economic news, the U.S. trade deficit rose almost 7% in November as imports hit the highest level in nearly a year and a half, largely because of a gush of foreign oil.

Bullion prices settled lower on Friday, 06 January 2016 at Comex. Gold futures settled lower on Friday as strength in the U.S. dollar and equities in the wake of the monthly domestic jobs report dulled investment demand for the precious metal. Prices, however, gained for the week, buoyed by uncertainty surrounding the pace of interest-rate increases by the Federal Reserve.

February gold fell $7.90, or 0.7%, to settle at $1,173.40 an ounce, after notching its highest settlement in five weeks on Thursday. Expectations about the pace of rate increasesn++a negative for gold that doesnt offer a yieldn++has cooled somewhat. For the week, the yellow metal tallied a 1.8% gain. March silver was off 11.8 cents, or 0.7%, at $16.519 an ounce, paring its weekly rise to roughly 3.3%.

Crude oil futures finished modestly higher on Friday, 06 January 2017 with prices extending their streak of gains to a fourth straight week amid ongoing signs of compliance with a global pact to cut production. Traders have shown concern that the recent price gains for oil, which climbed nearly 9% in December, will spur increases among producers who arent part of the initiative, including the U.S. and Libya. That kept price gains for oil in check.

February West Texas Intermediate crude rose 23 cents, or 0.4%, to settle at $53.99 a barrel on the New York Mercantile Exchange, after trading as low as $53.32. It was roughly 0.5% higher for the week after posting gains in each of the previous three weeks. The March contract for Brent crude edged up by 21 cents, or 0.4%, to finish at $57.10 a barrel on the ICE Futures exchange in London, for weekly gain of about 0.5%.

The Treasury market saw stepped-up selling pressure after the 8:30 ET release of the Employment Situation report for December, but cooled off afterwards. The 10-yr yield closed the day seven basis points higher at 2.42%.

Mondays economic data will be limited to the November Consumer Credit report, which will be released at 3:00 pm ET.

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Asia Pacific Market: Stocks start 2017 on a high
Jan 03,2017

Asia Pacific share market inclined on the first trading session of new year, Tuesday, 03 January 2017, after upbeat Chinese and British manufacturing data bolstered investor sentiment. But gains in the regional markets were capped by concern over a rising U.S. currency, which makes emerging markets less attractive.

Investors welcomed a private business survey showing Chinas factory activity picked up more than expected in December as demand accelerated, with rate of output growth accelerated to a 71-month high, highlighted by a sustained increase in new business during December. The China Caixin manufacturing Purchasing Managers Index (PMI) released on Tuesday showed that manufacturing activity climbed in December to 51.9 from 50.9 in November - the fastest rate of improvement in three years. A reading above 50 indicates expansion in a sector, whereas a reading below 50 represents contraction.

The private manufacturing survey results came after official figures at the weekend showed manufacturing activities expanded for a fifth month in December but the pace fell from November due to slower production. The official purchasing managers index, reflecting conditions in largely state-owned manufacturers, edged down to 51.4 in December from Novembers 51.7, according to the National Bureau of Statistics and the China Federation of Logistics and Purchasing.

Britains private survey showed manufacturers gaining business from the slide in the value of the pound since the countrys decision in June to leave the European Union. The survey of manufacturers from financial information company IHS Markit and the Chartered Institute of Procurement & Supply showed the sector enjoying a strong rise in new business in December. The so-called purchasing managers index n++ a broad gauge of business activity n++ rose to a two-and-a-half year high of 56.1 points from the previous months 53.6. Markit noted that the UK manufacturing sector starts 2017 on a strong footing. The headline PMI hit a two-and-a-half year high in December, with rates of expansion in output and new orders among the fastest seen during the surveys 25-year history. And, a plus point from the December survey was that the expansion was led by the investment and intermediate goods sectors, suggesting capital spending and corporate demand took the reins from the consumer in driving industrial growth forward.

The U.S. oil prices rose in the first trading hours of 2017 on Tuesday, buoyed by a deal for OPEC and non-OPEC production cuts which kicked off on Sunday. During Asian trade, U.S. crude rose 0.54% to $54.01 per barrel , while global benchmark Brent was up 0.55% at $57.13.

The U.S. dollar racked up its biggest rise in almost three weeks against a basket of the worlds other major currencies to leave it just 1% off Decembers 14-year high. Dollar index reaches as high as 103.52 and is set to test recent high at 103.65.

Among Asian bourses

Australia Market ends highest in 19 months

Australian share market ended at a 19-month high on the first trading day of the year, boosted by strong Chinese manufacturing data that indicated the economic rebound in Australias main trading partner remains intact. All ASX sectors inclined, exception being bullion counter, with financials and miners being major gainers. At the closing bell, the benchmark S&P/ASX 200 index inclined 67.40 points, or 1.19%, to 5733.20, while the broader All Ordinaries index added 65.50 points, or 1.15%, to close at 5784.60. The index climbed 7% in 2016, its best yearly performance since 2013, as gains in most commodity prices powered a bull run among miners.

Shares of financial sector gained, with Australia & New Zealand Banking Group leading rally, up 1.7% to A$30.94, after the Australias third-largest bank by market cap said it would sell its stake in Shanghai Rural Commercial Bank Co to China COSCO Shipping and Shanghai Sino-Poland Enterprise Management Development for A$1.8 billion. The sale is expected to increase the banks APRA CET1 capital ratio by around 40 basis points. Among other major banks, Westpac added 1.1% to A$32.95, Commonwealth Bank of Australia 0.7% to A$82.97, and National Australia Bank 1.3% to A$31.06.

Mining stocks gained on rising base metal prices. The big diversified miners such as BHP and Rio Tinto traded up by 1.6% to A$25.46 and 1.8% to A$60.98, respectively, meanwhile Fortescue added 1.2% to A$5.96.

Oil producers also met with buying pressure after the U.S. oil prices rose in the first trading hours of 2017 on Tuesday, buoyed by a deal for OPEC and non-OPEC production cuts which kicked off on Sunday. Woodside Petroleum rose 1.3% to A$31.55 and Origin Energy added 0.8% to A$6.64.

Gold stocks were among the main losers of the session, despite a strong Asian session for the precious metal, which was up 0.9% to $US1157 an ounce on its first trading day of the year. Newcrest Mining shed 0.3% to A$20.19.

Australian factory activity picked up last month on the back of improving demand and recovering commodity prices. The Australian Industry Groups PMI rose 1.2 points to 55.4 in December.

China Stocks rise on upbeat manufacturing PMI

Mainland China stock market finished up on first trading session of year, after upbeat Chinese manufacturing data bolstered investor sentiment. All main sectors advanced, with gains leading by blue-chips, especially financials. The blue-chip CSI300 index, which tracks large companies in Shanghai or Shenzhen, rose 0.97% to 3,342.23, while the Shanghai Composite Index rose 1.04% to 3,135.92 points. The Shenzhen Composite Index, which tracks stocks on Chinas second exchange, added 0.86% to 1,985.95. The ChiNext Index, which tracks Chinas NASDAQ-style board of growth enterprises, jumped 0.06% to close at 1,963.26 points.

The Chinese currency renminbi, or yuan, was lower against the U.S. dollar Tuesday after the Peoples Bank of China set a weaker fixing. The yuan was last at 6.9548 against the U.S. unit compared with the official closing price of 6.9495 last Friday. The PBOC set the yuan central weaker at 6.9498 in the first trading day of 2017, compared with a fixing of 6.9370 last Friday.

The Peoples Bank of China injected CNY20 billion via seven-day reverse repos and CNY20 billion via 14-day reverse repos at open-market operations Tuesday. The central bank continued to skip 28-day reverse repos. The moves resulted in a net drain of CNY155 billion for the day. The central bank drained a net CNY245 billion last week - the first removal of liquidity in three weeks. A total of CNY745 billion in outstanding reverse repos matures this week.

Hong Kong Stocks start 2017 on a high

The Hong Kong stock market closed up on the first trading day of 2017, with data showing a further expansion in Chinese manufacturing aiding sentiment. But gains in the city were capped by concern over a rising U.S. currency, which makes emerging markets less attractive. Most sectors rose, with property stocks leading the gains. Hong Kongs benchmark Hang Seng Index closed 149.84 points, or 0.68%, higher at 22,150.40. The Hang Seng China Enterprises Index, known as the H-shares index, added 64.68 points, 0.69%, to 9,459.55. Turnover decreased to HK$49.3 billion from HK$53.8 billion on Friday. The local market closed on Monday for New Year holiday.

Casino stocks retreated on Tuesday after data showing that Macau gambling revenue fell 3.3% in 2016, the third straight year of declines. Gross gaming revenues increased 8% in December from a year earlier. Galaxy Entertainment (00027) fell 1.3% to HK$33.35. Sands China (01928) softened 0.3% to HK$33.6.

CRRC, a Chinese train maker, rose 0.9% to HK$7.02 after saying late Friday that it has received approval to issue 1.4 billion shares on the domestic market in a private placement.

China Railway Construction (CRCC) added 0.8% to HK$10.06 following an announcement Friday that one of its units has signed an ecological town construction contract worth 5.1 billion yuan.

Property counters were higher after reports new home sales doubled during new-year holiday period. with Wharf (00004) jumped 4.4% to HK$53.8 after Citi Research published bullish report on landlords. Hysan Development (00014) soared 4.8% to HK$33.6.. SHKP (000016) gained 2.8% to HK$100.7. New World Development (00017) added 2.8% to HK$8.43. China Evergrande Group rose 3.5% to HK$5 after saying it will sell a stake of more than 13% in a property subsidiary to eight investors for 30 billion yuan.

Hong Kongs value of total retail sales in November, provisionally estimated at HK$36 billion, decreased by 5.5% compared with the same month in 2015, according to the Census and Statistics Department. For the first eleven months of 2016 taken together, it was provisionally estimated that the value of total retail sales decreased by 8.6% compared with the same period in 2015.

Small gains power Sensex, Nifty to 3-week closing high

Reversing its previous days losses, the flagship Sensex staged a modest comeback to end with paltry gain, buoyed by pick-up in the infrastructure sector in November coupled with firm global cues. The overall recovery also received some support from banking stocks which recouped their previous losses after being hit by profitability fears in the wake of lending rate cuts. Core industries grew 4.9% in November 2016 on the back of healthy performance by sectors, including coal, steel and electricity, prompting investors to go in for fresh bets. The barometer index, the S&P BSE Sensex, rose 47.79 points or 0.18% to settle at 26,643.24. The Nifty 50 index rose 12.75 points or 0.16% to settle at 8,192.25.

Hero MotoCorp fell 1.44% after the company announced before market hours today, 3 January 2017 that sales fell 33.91% to 3.3 lakh units in December 2016 over December 2015. The companys manufacturing facilities at Gurgaon, Neemrana and Haridwar were closed from 26-31 December 2016 on account of annual maintenance.

Tata Motors dropped 1.23%. The company said its passenger and commercial vehicle total sales rose 2% to 40,944 units in December 2016 over December 2015. The companys domestic sales of Tata commercial and passenger vehicles rose 1% to 35,825 units in December 2016 over December 2015. Exports surged 12% to 5,119 units in December 2016 over December 2015. The sales figures were announced after market hours yesterday, 2 January 2017.

TVS Motor Company gained 3.07%. The companys sales fell 8.47% to 1.84 lakh units in December 2016 over December 2015. The announcement was made after market hours yesterday, 2 January 2017.

SML Isuzu rose 1.68% after the company said its total sales rose 16.4% to 1,021 units in December 2016 over December 2015. The sales figures were announced after market hours yesterday, 2 January 2017.

New Zealand, Japan and Thailand markets were shut for public holidays.

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China Stocks rise on upbeat manufacturing PMI
Jan 03,2017

Mainland China stock market finished up on first trading session of year, Tuesday, 03 January 2017, after upbeat Chinese manufacturing data bolstered investor sentiment. All main sectors advanced, with gains leading by blue-chips, especially financials. The blue-chip CSI300 index, which tracks large companies in Shanghai or Shenzhen, rose 0.97% to 3,342.23, while the Shanghai Composite Index rose 1.04% to 3,135.92 points. The Shenzhen Composite Index, which tracks stocks on Chinas second exchange, added 0.86% to 1,985.95. The ChiNext Index, which tracks Chinas NASDAQ-style board of growth enterprises, jumped 0.06% to close at 1,963.26 points.

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Hong Kong Stocks start 2017 on a high
Jan 03,2017

The Hong Kong stock market closed up on the first trading day of 2017, Tuesday, 03 January 2017, with data showing a further expansion in Chinese manufacturing aiding sentiment. But gains in the city were capped by concern over a rising U.S. currency, which makes emerging markets less attractive. Most sectors rose, with property stocks leading the gains. Hong Kongs benchmark Hang Seng Index closed 149.84 points, or 0.68%, higher at 22,150.40. The Hang Seng China Enterprises Index, known as the H-shares index, added 64.68 points, 0.69%, to 9,459.55. Turnover decreased to HK$49.3 billion from HK$53.8 billion on Friday. The local market closed on Monday for New Year holiday.

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Japan Market shut for an extended New Year holiday
Jan 03,2017

Japan share market closed on Tuesday, 03 January 2017 for an extended New Year holiday.

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Australia Market ends highest in 19 months
Jan 03,2017

Australian share market ended at a 19-month high on the first trading day of the year, Tuesday, 03 January 2017, boosted by strong Chinese manufacturing data that indicated the economic rebound in Australias main trading partner remains intact. All ASX sectors inclined, exception being bullion counter, with financials and miners being major gainers. At the closing bell, the benchmark S&P/ASX 200 index inclined 67.40 points, or 1.19%, to 5733.20, while the broader All Ordinaries index added 65.50 points, or 1.15%, to close at 5784.60. The index climbed 7% in 2016, its best yearly performance since 2013, as gains in most commodity prices powered a bull run among miners.

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US stocks end 2016 on a lower note
Jan 02,2017

US stocks spent the final session of the year in a steady retreat on Friday, 30 December 2016. U.S. stocks fell in the final trading day of the year on Friday as investors took profits on some of 2016s high flying sectors, although major indexes posted strong annual gains and the Dow closed out its best year since 2013.

The days losses were broad, with all but two of the 11 primary S&P 500 sectors ending lower. However, trading volume was light, as is typical for the final trading week of the year.

The Dow Jones Industrial Average dropped 57.18 points to 19,762.60, a decline of 0.3%. The S&P 500 fell 10.43 points, or 0.5%, to 2,238.83. The Nasdaq Composite Index fell 48.97 points to 5,383.12, a drop of 0.9%.

The Nasdaq was pressured by a drop in technology shares, which was the weakest sector on the day though it outperformed the broader market over the year.

Friday marks not only the final trading day of the year, but also of the week, the month, and the quarter.

Dow gained 13.4% for the year 2016. The S&P 500 2016 gain stood at 9.5%. The Nasdaq underperformed, trimming this years advance to 7.5%.

Bullion prices ended lower at Comex on Friday, 30 December 2016. Gold futures moved in and out of positive territory on Friday, risking a fifth straight session gain, but still on track to snap what had been the longest weekly losing streak in more than 12 years.

Gold futures for February delivery fell $1.00, or 0.1%, to $1,157.10 an ounce, but had earlier traded up to $1,164.

Gold futures fell on Friday but snapped what had been the longest weekly losing streak in more than 12 years with a 1.5% weekly gain. Gold logged a 9% gain for all of 2016, owed to its early-year move. Gold is off more than 15% from its 2016 best, which was the settle high of $1,364.90 hit 6 July 2016. March silver was down 15 cents, or 0.9%, at $16.08 an ounce after trading at its highest in about two weeks. For the month, silver fell a roughly 2%. Silver gained 17% for the year.

Crude oil futures saw modest losses in the final trading session of 2016 on Friday, 30 December 2016 but scored the biggest yearly rise since 2009.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in February fell 5 cents, or 0.1%, to close at $53.72 a barrel. On a most-active basis, the U.S. benchmark futures contract saw a nearly 45% calendar-year rise and a more-than-8% jump in December 2016. The rise has been fueled in part by expectations members of the Organization of the Petroleum Exporting Countries and other major producers will abide by an agreement to curb output. The annual rise was the largest in 7 years.

Fridays pullback brought the S&P 500 back into the middle of its post-election range with nine out of eleven sectors finishing in the red. Heavily-weighted technology and consumer discretionary spent the day at the bottom of the leaderboard, dragging most other sectors down.

The U.S. Dollar Index shed 0.4% to lock in its second consecutive decline, but still ended the year just below a 14-year high.

Market participants got an early taste of the strong dollars impact on Friday on the manufacturing sector as the December Chicago PMI declined to 54.6 from 57.6 in November. The drop was paced by New Orders, which fell to 56.5 from 63.2 in November.

The bulk of the day saw below-average trading volume, but there was a surge of activity into the close, likely associated with end-of-month and end-of-quarter flows from large investors. As a result, more than a billion shares changed hands at the NYSE floor.

Treasuries ended the abbreviated session on a higher note. The 10-yr yield slipped three basis points to 2.44%, ending 20 basis points below its mid-December high.

Bond and equity markets will be closed on Monday and Tuesdays economic data will be limited to the 10:00 ET release of November Construction Spending (consensus 0.5%) and December ISM Index (consensus 53.6).

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Asia Pacific market: Stocks end mixed on final day of 2016
Dec 30,2016

Asia Pacific share market ended mixed in thin pre-holiday trading on final trading day of 2016 (Friday, 30 December 2016), tracking a weak lead from Wall Street overnight. But, Asian stocks looked set to end 2016 on an upbeat note, with the benchmark headed for its first annual gain in three years, while the dollar reversed earlier losses and oil was poised to record its biggest gains in seven years.

In a year marked by major political shocks, including Brexit in June and the unexpected election of Donald Trump as U.S. president in November, Asia Pacific ex-Japan stocks were poised to record a 3.8% gain.

For the year, Chinas Shenzhen composite was Asias worst-performing index, down nearly 15%, while Pakistans Karachi All-Share Index was the biggest winner with gains of 45%. Thailands SET Index has soared 20% in 2016, meanwhile Indonesias Jakarta Stock Exchange Composite Index has jumped 16% and Taiwans Taiex rose 11%. Japans Nikkei eked out a modest 0.4% gain. Indias Sensex has gained 1.95% in calendar year 2016. Australias ASX 200 ended the year with a 7% gain, while New Zealands benchmark index closed out 2016 with a near 9% gain. Hong Kongs Hang Seng index finished 2016 with a 0.4% rise.

Among Asian bourses

Australia Market ends down

Australian share market ended down on last trading session of calendar year 2016, pulled down by poor performances in financial and basic material stocks, but having their best quarter this year and their best yearly run since 2013. At the closing bell, the benchmark S&P/ASX 200 index declined 3.30 points, or 0.58%, to 5665.80, while the broader All Ordinaries index dropped 27.60 points, or 0.48%, to close at 5719.10. On the year, the Australian index gained 4.2%.

Shares of gold miners rallied after the precious metal notched up its fourth day of gains, its longest winning streak in over three months. Newcrest Mining advanced 5.1%, while smaller peers Evolution Mining jumped 10%.

Mining stocks were down as investors took the opportunity to cash in on recent gains after as the iron ore price slipped a little on Thursday night to $US80.43/tonne. The big diversified miners such as BHP and Rio Tinto traded lower by 1.7% and 1.4%, respectively, while Fortescue shed 1.7%.

Oil producers came under selling pressure after the U.S. Energy Information Administration said Thursday that crude stockpiles grew 614,000 barrels, confounding earlier expectations for a 1.4-million-barrel decline. The EIA report contributed to light, sweet crude for February delivery settling down 29 cents, or 0.5%, at US$53.77 a barrel on the New York Mercantile Exchange. For Brent, the global benchmark, the front-month February contract expired at settlement. The more-actively-traded March contract lost 11 cents, or 0.19%, to US$56.85 a barrel. Woodside Petroleum dropped 1.8%, while Oil Search ended unchanged at A$7.17.

Nikki drop on weak Wall St, strong yen

The Japan share market closed lower in light trading, on taking its downward lead from the US overnight, but still hit a 20-year closing high for the final trading session of the calendar year 2016 on optimism over the incoming US government. The 225-issue Nikkei Stock Average ended down 30.77 points, or 0.16%, from Thursday at 19,114.37. The broader Topix index of all First Section issues on the Tokyo Stock Exchange finished 0.22 points, or 0.01%, higher at 1,518.61. The Nikkei 225 index rose 0.42% at 19,114.37 in 2016, marking the fifth consecutive annual increase and highest year-end finish since 1996 when it ended at 19,361.35. The broader Topix index lost 1.85%, snapping four years of gains. The Japan financial market is scheduled to reopen on Wednesday after the long holiday weekend.

Japanese stocks have surged since Prime Minister Shinzo Abe took office, with the Nikkei hitting an almost two-decade high in June 2015, on hopes his Abenomics policies of monetary stimulus, fiscal expansion and structural reform would end decades of deflation and stagnation. Attention has since shifted to U.S. politics and economic growth, after President-elect Donald Trumps surprising victory last month.

Exporters stocks were down as the yen strengthened slightly against greenback. Among key Japanese exporters, Honda Motor dropped 0.8%, Nissan Motor fell 0.4% and Sony declined 0.7%.

Among individual movers - Shares in troubled Toshiba jumped 9.43% to 283.1 yen following a three-day bloodletting, losing some 40%, on over expectations of a massive one-time loss. The company this week warned of a possible loss of several billion dollars in its US nuclear business but said the exact figure had yet to be determined, which fuelled investor anxiety.

Auto parts maker Takata surged 21.21% to 857 yen, adding to a 16.47% jump the day before after news it is close to settling a US criminal probe into an exploding airbag scandal.

China Stocks rise slightly

Mainland China stock market saw a slight upturn on the last trading day of 2016, due to bargain buying on recently battered stocks, but this didnt help it to rebound from a loss of over 110% this year. The blue-chip CSI300 index, which tracks large companies in Shanghai or Shenzhen, rose 0.38% to 3,430.25, while the Shanghai Composite Index rose 0.45% to 3,210.37 points. The Shenzhen Composite Index, which tracks stocks on Chinas second exchange, added 0.15% to 1,969.11. The ChiNext Index, which tracks Chinas NASDAQ-style board of growth enterprises, jumped 0.14% to close at 1,962.06 points.

The CSI 300 Index ended the year with a 10.37% loss. The Shanghai Composite index ended trading 12.46% down in 2016, while the Shenzhen Composite tumbled 14.72% this year.

This was a major decline compared to the markets 2015 performance when the Shanghai Composite skyrocketed 60% in the first half before plummeting more than 40% in less than three months, nevertheless, it closed the year with an overall gain of 9.4%. After the fall, Beijing introduced a circuit breaker mechanism in January 2016 to automatically stop trading if prices fell dramatically. It was used twice in one week before being scrapped.

Hong Kong Stocks up 0.96%

The Hong Kong stock market closed up on the last trading day of 2016, but the main indexes ended 2016 near where they started after a volatile 12 months. All sectors in Hong Kong gained ground on Friday, with the raw materials and services sectors among the best performers. Hong Kongs benchmark Hang Seng Index closed 209.65 points, or 0.96%, higher at 22,000.56. The Hang Seng China Enterprises Index, known as the H-shares index, added 82.11 points, 0.88%, to 9,394.87. For the whole year, the index gained 86 points. Turnover increased to HK$53.8 billion from HK$52.5 billion on Thursday.

Macau gaming players gained broadly after news reported that Macau is ready to launch the junket credit database next month. Galaxy Ent (00027) put on 2.27% to HK$33.8 while Wynn Macau (01128) climbed 1.31% to HK$12.34. MGM China (02282) shot up 8.94% to HK$16.08. SJM Holdings (00880) rose 3.05% to HK$6.08 while Sands China (01928) gained 1.66% to HK$33.7.

Lenovo (00992) gained 1.51% to HK$4.7 after Nomura maintained its neutral rating for the stock. For the whole year, Lenovo fell nearly 40%, making itself the top blue-chip loser.

Sensex, Nifty end 2016 trading with gains

Indian benchmark indices registered modest gains on the last trading day of the week and the calendar year 2016 on steady buying in index pivotals especially ITC and Infosys. The barometer index, the S&P BSE Sensex, gained 260.31 points or 0.99% to settle at 26,626.46. The Nifty 50 index gained 82.20 points or 1.01% to settle at 8,185.80. Meanwhile, the Sensex has fallen 26.35 points or 0.1% in December 2016. It has gained 508.92 points or 1.95% in calendar year 2016.

Data showed that domestic institutional investors (DIIs) bought shares worth a net Rs 957.83 crore yesterday, 29 December 2016, as per provisional data. The foreign portfolio investors (FPIs) sold shares worth a net Rs 662.29 crore yesterday, 29 December 2016, as per provisional data released by the stock exchanges.

Yes Bank rose 0.65% after the bank said it has raised Rs 330 crore of Green Infrastructure Bonds through private placement. The tenure of the instrument is 7 years. The date of allotment is 29 December 2016 and the date of maturity is 29 December 2023. The interest offered is 7.62% per annum.

RS Software (India) rose 1.91% after the company said it made further investment in its wholly-owned subsidiary, Paypermint by acquiring 59 lakh equity shares for Rs 5.90 crore. RS Software (India) holds 75% stake in Paypermint.

GE Power India jumped 5.34% after the company said it has secured a contract worth about Rs 271.1 crore from Bharat Heavy Electricals (Bhel) to supply components and services for the supercritical steam generator island packages.

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