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Australia Stocks muted ahead of Fed meeting
Dec 13,2016

Australian share market closed slight down on Tuesday, 13 December 2016, as investors elected to book recent profit on caution ahead of a two-day US Federal Reserve meeting, in which the central bank is expected to raise its reference interest rate and may also give markets a glimpse of its plans for the coming year. Investors will also be looking to for Chinas industrial output data for November due later in the day. Commodity firms and financials made up more than two-thirds of the losses on the index, offsetting gains from real estate and healthcare shares. At the closing bell, the benchmark S&P/ASX 200 index declined 17.80 points, or 0.32%, to 5545, while the broader All Ordinaries index dropped 18.40 points, or 0.33%, to close at 5600.70.

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Nikkei hits fresh one-year high
Dec 13,2016

The Japan share market closed at fresh one-year high after erasing early losses on Tuesday, 13 December 2016, thanks to investors strong buying appetite on bets that the Federal Reserve will raise rates this week and provide a steer on future monetary policy in the wake of Republican Donald Trumps election win last month. The 225-issue Nikkei average rose 95.49 points, or 0.50 percent, to end at 19,250.52, marking its highest closing level since Dec. 17, 2015. The Topix index of all first-section issues finished up 8.82 points, or 0.58 percent, at 1,540.25.

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US stocks register another record close
Dec 13,2016

U.S. stocks struggled for direction on Monday, 12 December 2016 with the Dow notching the latest in a string of record closes, while the S&P 500 and Nasdaq finished lower. Major indexes had fluctuated between positive and negative territory with investors appearing reluctant to push shares higher following pronounced gains for Wall Street ahead of a key meeting by the Federal Reserve.

The Dow Jones Industrial Average climbed 39.58 points, or 0.2%, to close at 19,796.43, after setting an intraday record of 19,824.59. The Nasdaq Composite Index fell 31.96 points, or 0.6%, to finish at 5,412.54. The S&P 500 dipped 2.57 points, or 0.1%, to finish at 2,256.96.

Gains in Dow were led by shares of Johnson & Johnson and Wal-Mart Stores. Monday marked the sixth consecutive record close for the average.

Big-name technology shares finished lower on the day, contributing to the Nasdaqs decline. Apple fell 0.6% while Facebook lost 1.6%. Amazon.com fell 1.1%.

The Federal Reserve is widely expected to raise rates on Wednesday. Higher rates typically cause the dollar to strengthen, which often weighs on commodities priced in dollars. Rate increases also can peel investors away from gold because it doesnt pay interest.

On Monday, the ICE U.S. Dollar Index was down nearly 0.7%, providing some support for dollar-denominated gold prices. But year to date, the index has climbed over 2%.

Todays economic data was limited to the Treasury Budget statement for November, which showed a deficit of $137 billion while the consensus expected a deficit of $135 billion.

Oil futures rallied to their highest close in nearly 17 months on Monday, 12 December 2016 after more oil-producing nations agreed to slash production, a move aimed at pushing the oversupplied oil market back into balance, or even a deficit, and prop up prices that have been stuck in a two-year slump.

On the New York Mercantile Exchange, January West Texas Intermediate crude climbed by $1.33, or 2.6%, to settle at $52.83 a barrel. February Brent crude, the global oil benchmark, added $1.36, or 2.5%, to $55.69 a barrel on Londons ICE Futures exchange. Both WTI and Brent crude logged their highest settlements since July 2015.

Over the weekend, a group of heavyweight producers outside of the Organization of the Petroleum Exporting Countries, including Russia, agreed to scale back their output by 558,000 barrels a day. The move would come on top of the cut of 1.2 million barrels a day agreed to by OPEC in late November. The total reduction represents almost 2% of the global supply.

Bullion prices ended higher at Comex on Monday, 12 December 2016 at Comex. Gold futures settled higher reversing course from earlier declines after finding support from a weaker dollar ahead of a U.S. interest-rate rise that is expected later this week.

Gold for February delivery edged up by $3.90, or 0.3%, to settle at $1,165.80 an ounce after tapping a low of $1,152.50. The metal has suffered five weekly losses in a row, settling Friday at its lowest level in 10 months. March silver tacked on 22 cents, or 1.3%, to $17.187 an ounce.

Bullion prices ended higher at Comex on Monday, 12 December 2016 at Comex. Gold futures settled higher reversing course from earlier declines after finding support from a weaker dollar ahead of a U.S. interest-rate rise that is expected later this week.

Gold for February delivery edged up by $3.90, or 0.3%, to settle at $1,165.80 an ounce after tapping a low of $1,152.50. The metal has suffered five weekly losses in a row, settling Friday at its lowest level in 10 months. March silver tacked on 22 cents, or 1.3%, to $17.187 an ounce.

Treasuries retreated overnight, but most of the losses were erased intraday, leaving the 10-yr yield higher by a basis point at 2.48%.

Investor participation was above average as nearly 1.2 billion shares changed hands at the NYSE floor.

Tomorrows economic data will be limited to the 8:30 ET release of November Import Prices ex-oil and Export Prices ex-agriculture.

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Asia Pacific Market: Stocks drop ahead of Fed meeting
Dec 12,2016

Asia Pacific share market mostly down on Monday, 12 December 2016, as traders took profits after a post-US election rally and on caution ahead of the U.S. Federal Reserves meeting this week that was expected to deliver an interest rate hike. The MSCI Asia Pacific Index fell 0.5 per cent to 137.69.

The US central bank is widely expected to raise interest rates for the first time in 2016 at a two-day meeting that begins on Tuesday, even as investors wait to see if policymakers take a more cautious tone on the economy. Investors will be watching whether Trumps election win will affect the Feds outlook for rate increases next year

Oil prices soared in early Asian trade, as investors react to the weekends news of the Organization of Petroleum Exporting Countries (OPEC) and non-OPEC countries led by Russia arriving at their first output cutting agreement in Vienna, a first since 2001. The deal will help to ease a global supply glut after more than two years of low prices. U.S. crude soared 4.76 percent to $53.95 a barrel during Asian trade, as Brent crude jumped 4.2 percent to $56.61.

Over the weekend, the Organization of the Petroleum Exporting Countries reached an agreement with other oil-producing nations to remove 558,000 barrels a day of crude oil from the market. That would come on top of 1.2 million barrels a day in cuts already agreed to by OPEC, amounting to a total of almost 2% of global oil supply.

Among Asian bourses

Australia Market at 4-month high on boost from oil firms, financials

Australian share market ended marginally higher after hitting their highest in four months in early trading, as gains in oil and gas stocks offset losses elsewhere. At the closing bell, the benchmark S&P/ASX 200 index advanced 2.20 points, or 0.04%, to 5562.80, its highest close since Aug 1, while the broader All Ordinaries index inclined 3.30 points, or 0.06%, to close at 5619.10.

Shares of energy companies spurted, after oil prices rose to the highest in a year and a half high on Monday, after Opec and non-Opec producers agreed to cut oil output. Woodside Petroleum rose 2.9% to A$31.48 and Origin Energy gained 3.7% to A$6.79. Santos added 5.1% to A$4.52 and Oil Search jumped 3.5% to A$7.15.

Mining stocks were also higher as basic materials rose on the underlying bullish market sentiment for iron ore and steel, though the respective futures in China edged lower on Friday on profit-taking after a six-day rally. Rio Tinto added 0.2% to A$62.79 and BHP ended up 1.3% to A$26.32. Fortescue added 2.4% to A$6.84.

Flight Centre shares fell 7.5% to A$30.50 after Morgan Stanley statedin latest report that Flight Centres guidance for the second half of 2017 looks too bullish. Qantas followed, losing 3.2% to close at A$3.32.

Nikkei rises to fresh one-year high

The Japan share market inclined to a one-year high, on tracking strong lead from Wall Street Friday and yen depreciation to upper 115 level against greenback triggered by bets that the Federal Reserve will raise rates this week. The Nikkei Stock Average rose 158.66 points, or 0.8%, to 19155.03, the highest level since December 17, 2015. The Topix index of all first-section issues finished up 6.07 points, or 0.4%, at 1,531.43.

Several food and other so-called defensive stocks, which are supported by stable domestic demand, led the market higher. Food maker Ajinomoto rose 4.6% to Y2,335.0. Beverage maker Kirin Holdings gained 3.9% to Y1,959.5.

Energy stocks rose after oil-producing nations, including Russia and Oman, reached a deal over the weekend to cut output along with the Organization of the Petroleum Exporting Countries. Japan Petroleum Exploration advanced 3.8% to 2,894 yen. Another oil explorer, Inpex, added 0.8% to Y1,257.5.

Bank issues were sold off as investors moved to secure profits after a recent rally. Mitsubishi UFJ Financial Group fell 1.3% to Y752.60 and Sumitomo Mitsui Financial Group slipped 1% to Y4,683.

China Market tumbles 2.47%

Mainland China stock market tumbled, as blue-chips were knocked by fresh regulatory curbs to rein in insurers aggressive stock investments, while rising bond yields prompted profit-taking in equities. Meanwhile, comments Sunday by U.S. President-elect Donald Trump that there may be a change in the U.S.s acceptance of the n++one Chinan++ principle, a cornerstone policy that has helped maintain peace between China and Taiwan, also hurt investor sentiment. The Shanghai Composite Index slipped 2.47% to 3,152.97, the largest one day drop in six months, while the CSI 300 n++ which tracks large companies listed in Shanghai and Shenzhen n++ slipped 2.42%. The Shenzhen Composite Index, which tracks stocks on Chinas second exchange, declined 4.86% to 1,969.32. The ChiNext Index, which tracks Chinas NASDAQ-style board of growth enterprises, fell 5.5% to close at 1,984.40 points.

Chinas insurance regulator, which recently warned it would curb barbaric acquisitions by insurers, said late on Friday it had suspended Evergrande Life, the insurance arm of China Evergrande Group, from conducting stock market investment. That hit the market hard as insurers relentless buying in modestly-priced industry-leading blue-chips was one of the main drivers behind the recent strong advance in the market. The sell-off was exacerbated by signs of tighter liquidity in the banking system, signalled by a slump in bond future contracts, whose prices move inversely with yields.

Also on Friday, Foresea Life, an arm of Chinese financial conglomerate Baoneng Group, pledged to gradually reduce holdings in a Shenzhen-listed, home-appliance heavyweight. This would mean an unwinding of the stake-building activity that led to harsh disapproval from Chinese regulators.

Shares of Chinese insurers were among the big decliners in the A-shares market on Monday, with China Life Insurance paring earlier losses to end down 1.1%, and New China Life Insurance ending 1.8% lower after steep declines initially.

Shenzhen-listed China Vanke Co., the countrys second-largest real-estate developer, tumbled 6.3%. As of the end of November, China Evergrande Group, via unspecified n++affiliated companies,n++ had scooped up a 14.07% stake in Vanke, according to the latters filing to the stock exchange.

China State Construction Engineering Corp., the nations top home builder, dropped 5%. Anbang Insurance Group Co., now the second-largest shareholder of the state-run firm, has accumulated a 10% stake in it over the past months. Similarly, Gree plunged 6.1% after Foresea Lifes announcement about phasing out its roughly 4% investment.

Hong Kong Market falls on property, insurer stocks selloff

The Hong Kong stock market finished down on caution ahead of the Federal Reserve two-day policy board meeting which concludes on Wednesday, where interest rates will likely increase for the second time in a decade. Meanwhile, selloff pressure intensified after mainland Chinese stocks suffered their worst loss in six months amid concern over the countrys ties with the U.S. and on measures to regulate insurance money into equity markets. The Hang Seng Index ended down 1.44%, or 327.96 points, to 22,433.02, while the Hang Seng China Enterprises index declined 1.71%, or 168.64 points, to 9,699.31. Turnover increased to HK$77.7 billion from HK$76.4 billion on Friday.

Property counters were pressured on cautious ahead of a Federal Reserves policy meeting later this week which is widely expected to bring a US interest rate hike for the first time this year. Hong Kongs currency peg to the US dollar ensures that interest rates follow that of the United States, meaning higher borrowing costs for real estate developers. CK Property (01113) sank 3% to HK$51.3. SHKP (00016) and New World (00017) dipped 2.5% and 1.4% to HK102.6 and HK$8.66.

Chinese insurers were softer after mainland equity market slump. NCI (01336), China Life (02628) and Ping An (02318) slipped 4.7%, 3.6% and 1.3% respectively.

Shares of Casino players continued their retreat after sharp declines on Friday, following a report by the Post about greater restrictions on mainland-issued China Union Pay bank cards, which came into effect Saturday. Galaxy Entertainment Group dropped 1.43% and Wynn Macau was down 2.29%.

Indian Market snaps 2-day winning streak

Banking, telecom and index heavyweights ITC and Infosys led modest-to-strong losses for key benchmark indices. The barometer index, the S&P BSE Sensex, fell 231.94 points or 0.87% to settle at 26,515.24. The Nifty 50 index fell 90.95 points or 1.10% to settle at 8,170.80. Weakness in European stocks weighed on sentiment on the domestic bourses. Adding to global cues, domestic data over the weekend showing decline in the industrial production in October affected investors sentiment.

Axis Bank fell 2.56%. The bank announced the acquisition of shares representing 13.67% of the total paid up capital in Assets Care and Reconstruction Enterprise from IFCI at Rs 31 per share for cash aggregating Rs 22.72 crore. The announcement was made after market hours on Friday, 9 December 2016.

IndusInd Bank fell 2.41%. The bank announced that the finance committee of the board on Friday, 9 December 2016, allotted 15,000 unsecured redeemable non-convertible bonds in the nature of debentures for an amount of Rs 1500 crore, to the identified investors on private placement basis. The announcement was made after market hours on Friday, 9 December 2016.

Indias industrial production declined 1.9% in October 2016 over October 2015. Twelve out of 22 industry groups in the manufacturing sector showed negative growth in October 2016. The data was released by the government after market hours on Friday, 9 December 2016.

Elsewhere in the Asia Pacific region: New Zealands NZX50 shed 0.2% to 6864.94. Indonesias Jakarta Composite index added 0.1% to 5308.13. Taiwans Taiex fell 0.5% to 9349.94. South Koreas KOSPI index was up 0.1% to 2027.24. Malaysias KLCI slipped 0.1% to 1641.42. Singapores Straits Times index fell 0.1% to 2952.19.

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Record close for US stocks
Dec 12,2016

U.S. stocks closed at a record on Friday, 09 December 2016 with the S&P 500 notching its best winning streak since June 2014 and the Dow Jones Industrial Average extending gains for a fifth week. All three major indexes touched intraday highs during the session with the S&P 500 and the Dow up 3.1% and the Nasdaq rallying 3.6% on the week.

The Dow Jones Industrial Average advanced 142.04 points, or 0.7%, to close at record 19,756.85 while the Nasdaq Composite Index rose 27.14 points, or 0.5, to close at a high of 5,444.50. The S&P 500 index added 13.34 points, or 0.6%, to end at a historic high of 2,259.53.

Investors focused on sectors that have lagged behind the broader market rally, driving health-care stocks higher.

Overall, the Friday affair was fairly quiet, allowing the market to continue respecting post-election trends. Equity indices climbed off their opening levels thanks to strength in sectors like health care, consumer staples and technology. The three influential groups provided an early boost while most of the remaining sectors saw inflows as the day went on. The relentless push higher invited another extension of gains during the final hour.

Financial markets are anxiously awaiting the details of that December 13-14 meeting. It is the pacing of the reversal of easy monetary policy next year thats captured the markets attention lately.

On Friday, the ICE U.S. Dollar Index which gauges the bucks strength against six other currencies, climbed 0.5%, trading about 1% higher for the week. Strength in the buck can undercut demand for commodities, including gold, making them less attractive for holders of other currencies, and higher interest rates tend to lift the dollar and increase demand for higher-yielding alternatives to nonyielding gold.

With the Fed meeting looming, the dollar-positive monetary policy gap between the U.S. and other economic powerhouses becomes more obvious. The European Central Bank on Thursday announced it will extend its quantitative-easing program until December 2017 and possibly beyond that, which sent the euro lower against the dollar. The central bank, however, will reduce its bond-buying firepower after March. The bank did hold pat on interest rates, as expected.

Economic data at Wall Street included Wholesale Inventories and Michigan Sentiment. Wholesale inventories decreased 0.4% month-over-month in October, as expected, following an unrevised 0.1% decline in September. Wholesale sales were up 1.4% on the heels of an upwardly revised 0.4% increase in September. Separately, the preliminary reading for the University of Michigan Consumer Sentiment Index for December checked in at 98.0 (consensus 94.3), up from the final November reading of 93.8.

Bullion prices ended lower at Comex on Friday, 09 December 2016. Gold futures finish Friday at their lowest levels since February, marking their fifth weekly loss in a row, as the dollar firmed in anticipation of an interest rate hike at next weeks Federal Reserve meeting.

Gold for February delivery declined by $10.50, or 0.9%, to settle at $1,161.90 an ounce. Prices marked their lowest finish since early February, and lost roughly 1.1% for the week. That was longest stretch of consecutive weekly losses this year. March silver ended at $16.967 an ounce, down 12.9 cents, or 0.8%. Prices had a strong midweek advance, leaving them up roughly 1.3% for the week.

Oil futures finished higher on Friday, 09 December 2016 for a second consecutive session with some of the worlds biggest crude producers expected to hold a meeting this weekend to fine-tune last months agreement to curb production. Prices for the week, however, logged a modest loss as some doubts of full cooperation with the pact lingered.

West Texas Intermediate crude oil for January delivery tacked on 66 cents, or 1.3%, to settle at $51.50 a barrel on the New York Mercantile Exchange, adding to a 2.2% gain from Thursday. For the week, prices ended about 0.4% lower after a more than 12% jump last week. February Brent crude gained 44 cents, or 0.8%, to $54.33 on the ICE Futures exchange in London. It was just over 0.2% lower for the week.

Investor participation was below average as fewer than 900 million shares changed hands at the NYSE floor.

Mondays economic data will be limited to the November Treasury Budget statement, which will be released at 14:00 ET.

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Asia Pacific Market: Stocks end mostly higher
Dec 09,2016

Asia Pacific share market mostly inclined on Friday, 09 December 2016, on tracking another strong day on Wall Street, where the main equity benchmarks rose to record highs Thursday on optimism that U.S. President-elect Donald Trump will unveil growth-spurring fiscal policies, including tax cuts. Also, the European Central Banks decision to extend its debt-buying programme helped to underpin risk sentiments.

U.S stocks hit new records overnight on expectations U.S. President-elect Donald Trumps economic policies would help support growth and inflation in the worlds largest economy.

The ECB trimmed back its asset buys in a surprise move on Thursday but promised protracted stimulus to aid a still fragile recovery, and dismissed any talk of tapering the programme away. The ECB said it would reduce its monthly asset buys to 60 billion euros ($63.68 billion) as of April, from the current 80 billion euros, and extend purchases to December from March - three months longer than what some analysts had forecast. That dragged down two-year yields across Europe and sharply steepened the yield curve, a gift for banks that typically borrow short maturities and lend long. The promise of lower rates for longer was taken as a green light for carry trades, where investors borrow euros at cheap rates to invest in higher yielding currencies. ECB President Mario Draghi said the unexpected move was not an outright winding-down of the central banks quantitative easing (QE) program, and the central bank reserved the right to increase the size of purchases again if the eurozone economy falters. The ECBs bond purchase changes came less than a week before the Federal Reserves policy meeting next Tuesday and Wednesday.

Investors focus will now turn to next weeks the Federal Open Market Committee meeting, during which the U.S. central bank is expected to raise rates. The market will focus on how aggressively the Fed will further tighten policy in coming quarters to keep the economy from overheating.

Oil built on its gains after rebounding overnight on growing optimism that non-OPEC producers might follow the cartels lead by agreeing to cut output. U.S. crude added 0.7% to $51.18 a barrel. Brent crude rose 0.3% to $54.06.

Spot gold was down slightly at $1,170.03 an ounce and was set for a weekly decline of about 0.6%, pressured by the stronger U.S. dollar and expectations that the Fed will raise interest rates next week.

Among Asian bourses

Australia Market ends at 4-month high

Australian share market closed session at four month peak today, with financials and energy players added leading gains. At the closing bell, the benchmark S&P/ASX 200 index advanced 17 points, or 0.31%, to 5560.60, while the broader All Ordinaries index inclined 16.80 points, or 0.3%, to close at 5615.80.

Energy stocks were ahead as crude oil prices steady on Friday, holding onto the previous sessions gains on optimism that non-Opec producers might agree to cut output. Woodside Petroleum rose 2.4% to A$30.59 and Origin Energy gained 1.6% to A$6.55.

Metals and mining stocks reversed early gains to close lower after China iron ore and steel futures ran in to profit taking after a six-day rally. Rio Tinto fell 0.1% to A$62.65 and BHP ended down 0.2% to A$25.98. Fortescue shed 0.2% to A$6.68.

Nikkei attains new 2016 high

The Japan share market inclined to a new 2016 high today, on tracking positive lead from Wall Street overnight and yen depreciation to 115 level against greenback. The Nikkei Stock Average rose 230.90 points, or 1.2%, to 18996.37, the highest level since Dec. 30 2015. The Nikkei rose 3.1% this week. The Topix index of all first-section issues finished up 12.67 points, or 0.84%, at 1,525.36.

Shares of banks and financials gained on speculation for U.S. fiscal stimulus and a higher yield environment. Japanese government bond yields rose after the European Central Banks decision Thursday to extend but scale back its monthly stimulus. Mitsubishi UFJ Financial Group Inc. gained 2.2% to 762.8 yen. Nomura Holdings Inc. rose 4.8% to Y770.6.

Energy stocks advanced after crude oil closed above $50 a barrel Thursday, as market participants turned their attention to a planned meeting between OPEC and non-OPEC producers to discuss coordinating production cuts. Oil explorer Inpex Corp. rose 4.1% to Y1,248.0. Oil distributor Idemitsu Kosan Co. gained 5.3% to Y3,130.

China Stocks end stronger

Mainland China stock market ended stronger, after official data released today showing that Chinas producer prices rose at the fastest pace in over five years in November (up.3% year on year in November, its biggest rise since October 2011). Chinas consumer prices also rose 2.3% year on year in November, accelerating from a 2.1% gain in October. The fast increase in producer prices suggests an improved demand in the macro-economy and better corporate performance. Most sectors in the mainland rose, with banks leading the gains. The Shanghai Composite Index added 0.54%, to 3,232.88, while the Shenzhen Composite Index, which tracks stocks on Chinas second exchange, declined 0.35% to 2,070.01. The ChiNext Index, which tracks Chinas NASDAQ-style board of growth enterprises, fell 0.7% to close at 2,099.89 points. For the week, the Shanghai Composite Index dipped 0.34%.

Shares of banks and infrastructure companies were biggest contributor to the market gains, with China State Construction Engineering Corp jumping 8.71% to 10.11 yuan and Bank of Communications, the countrys fifth-biggest lender, rising 4.24% to 6.15 yuan.

Casinos drag on Hong Kong stocks

The Hong Kong stock market finished down for the first time in last four sessions, with Macau gaming counters leading retreat after a report that China was restricting cash withdrawals in Macau amid efforts to control capital outflows. The Hang Seng Index ended down 0.44%, or 100.86 points, to 22,760.98, while the Hang Seng China Enterprises index declined 0.29%, or 28.87 points, to 9,867.95. Turnover increased to HK$76.4 billion from HK$73.5 billion on Thursday. For the week, Hang Seng index still rose 0.9%.

Shares of casino operators including tumbled after a report that Macau was preparing to halve the amount of cash China UnionPay card holders can withdraw from ATM machines. The shares clawed back some of their losses after China UnionPay dismissed cash-curb reports. Galaxy Entertainment (00027) slipped 7% to HK$35. Sands China (01928) plunged 7.9% to HK$34.55. Melco International (00200) dived 10.4% to HK$11.22. Wynn Macau (01128) declined 7% to HK$13.1.

Nifty hits 4-weeks closing high

Key benchmark indices ended on a positive note after hovering in narrow range for most part of the session. The barometer index, the S&P BSE Sensex, rose 52.90 points or 0.20% to settle at 26,747.18. The Nifty 50 index rose 14.90 points or 0.18% to settle at 8,261.75. The Sensex hits its highest closing level in more than two weeks. The Nifty hits its highest closing level in four weeks.

Mahindra & Mahindra (M&M) fell 1.43% to Rs 1,189.10. The company said it will be undertaking scheduled maintenance shutdown at some of its automotive and tractor plants in December 2016. It will also observe on need basis few days as no production days at some of its automotive/tractor plants including Chakan plant of its wholly-owned subsidiary Mahindra Vehicle Manufacturers as part of its efforts to optimize inventories during December year-end. The management does not envisage any adverse impact on the availability of products in the market due to adequacy of stocks to serve the market requirements.

Elsewhere in the Asia Pacific region: New Zealands NZX50 shed 0.3% to 6893.30. Indonesias Jakarta Composite index added 0.1% to 5308.13. Taiwans Taiex grew 0.2% to 9392.68. South Koreas KOSPI index was down 0.3% to 2024.69. Malaysias KLCI slipped 0.1% to 1641.42. Singapores Straits Times index fell 0.1% to 2956.13.

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Australia Market ends at 4-month high
Dec 09,2016

Australian share market closed session at four month peak on Friday, 09 December 2016, with financials and energy players added leading gains. At the closing bell, the benchmark S&P/ASX 200 index advanced 17 points, or 0.31%, to 5560.60, while the broader All Ordinaries index inclined 16.80 points, or 0.3%, to close at 5615.80.

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China Stocks end stronger
Dec 09,2016

Mainland China stock market ended stronger on Friday, 09 December 2016, after official data released today showing that Chinas producer prices rose at the fastest pace in over five years in November (up.3% year on year in November, its biggest rise since October 2011). Chinas consumer prices also rose 2.3% year on year in November, accelerating from a 2.1% gain in October. The fast increase in producer prices suggests an improved demand in the macro-economy and better corporate performance. Most sectors in the mainland rose, with banks leading the gains. The Shanghai Composite Index added 0.54%, to 3,232.88, while the Shenzhen Composite Index, which tracks stocks on Chinas second exchange, declined 0.35% to 2,070.01. The ChiNext Index, which tracks Chinas NASDAQ-style board of growth enterprises, fell 0.7% to close at 2,099.89 points. For the week, the Shanghai Composite Index dipped 0.34%.

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Nikkei attains new 2016 high
Dec 09,2016

The Japan share market inclined to a new 2016 high on Friday, 09 December 2016, on tracking positive lead from Wall Street overnight and yen depreciation to 115 level against greenback. The Nikkei Stock Average rose 230.90 points, or 1.2%, to 18996.37, the highest level since Dec. 30 2015. The Nikkei rose 3.1% this week. The Topix index of all first-section issues finished up 12.67 points, or 0.84%, at 1,525.36.

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Casinos drag on Hong Kong stocks
Dec 09,2016

The Hong Kong stock market finished down for the first time in last four sessions on Friday, 09 December 2016, with Macau gaming counters leading retreat after a report that China was restricting cash withdrawals in Macau amid efforts to control capital outflows. The Hang Seng Index ended down 0.44%, or 100.86 points, to 22,760.98, while the Hang Seng China Enterprises index declined 0.29%, or 28.87 points, to 9,867.95. Turnover increased to HK$76.4 billion from HK$73.5 billion on Thursday. For the week, Hang Seng index still rose 0.9%.Shares of casino operators including tumbled after a report that Macau was preparing to halve the amount of cash China UnionPay card holders can withdraw from ATM machines. The shares clawed back some of their losses after China UnionPay dismissed cash-curb reports. Galaxy Entertainment (00027) slipped 7% to HK$35. Sands China (01928) plunged 7.9% to HK$34.55. Melco International (00200) dived 10.4% to HK$11.22. Wynn Macau (01128) declined 7% to HK$13.1.

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Asia Pacific Market: Stocks extend gains
Dec 08,2016

Asia Pacific share market inclined on Thursday, 08 December 2016, as risk appetite buying resumed after the Wall Street powered to fresh record highs overnight. But gains across the region capped as investor eye a key European Central Bank meeting.

Markets were waiting for a statement from the European Central Bank late on Thursday. The European Central Bank (ECB) is widely expected to prolong massive monetary stimulus Thursday to spur an economy crimped by a rise in political uncertainty as exemplified by Trumps upset win, Brexit and the rise of the far right in Europe.

Among Asian bourses

Australia market spurs to 4-month high

Australian share market advanced to its highest point in nearly four months, on the back of significant gains in resources and financial stocks. With the exception of energy issue, every ASX sector was up, with technology, financial and mining issues leading rally. At the closing bell, the benchmark S&P/ASX 200 index advanced 65.50 points, or 1.2%, to 5543.60, while the broader All Ordinaries index inclined 63.60 points, or 1.15%, to close at 5599.

Shares of materials and resources were best performers among ASX sectors, thanks to jump in base metal price in overnight trade. Rio Tinto added 3.1% to A$62.73 and BHP ended up 1.2% to A$26.04. Fortescue added 1.7% to A$6.69.

Shares of financial players, which had lost ground over the last few months, were attracting the attention of international investors, in part due to a lower Australian dollar. Among major banks, Westpac added 2.1% to A$32.13, Australia & New Zealand Banking Group 2.5% to A$29.53, Commonwealth Bank of Australia 0.5% to A$79.73, and National Australia Bank 1.1% to A$29.32.

Nikkei extends gains on strong global cues

The Japan share market inclined to its best close this year, after Wall Street powered to fresh record highs overnight. But gains were limited after weak revised figures that showed Japans economy grew less than expected in the third quarter and as investors eye a key European Central Bank meeting. Total 31 out of 33 TSE industry category on the main section gained ground, with Electric Power & Gas, Securities & Commodities Futures, Insurance, Iron & Steel, Information & Communication, and Air Transportation issues being major gainers. The 225-issue Nikkei average inclined 268.78 points, or 1.45%, to close at 18,765.47. The Topix index of all first-section issues finished up 22.07 points, or 1.48%, at 1,512.69.

SoftBank shares roared again in the wake of Trumps announcement of a $50 billion investment in the US by the telecoms giant.The stock jumped more than six% on Wednesday, with investors hailing CEO Masayoshi Sons meeting with Trump in New York.

Honda Motor Corp jumped after the announcement that its joint venture in China plans to build a third production plant in the country.

Sony was up after it announced plans to release new smartphone games in April into the Japanese market.

Japans gross domestic product grew 0.3% on quarter in the third quarter of 2016, the Cabinet Office said in Thursdays final revision. That missed expectations for 0.5%, which would have been unrevised from the November 14 preliminary reading. GDP was up 0.2% in the second quarter. On a yearly basis, GDP was knocked all the way down to 1.3% from the preliminary reading of 2.2%.

Japan had a current account surplus of 1.719 trillion yen in October, the Ministry of Finance said on Thursday, rising 22.7% on year, following the 1.821 trillion yen surplus in September. The trade balance reflected a surplus of 587.6 billion, down from 642.4 billion yen in the previous month. Imports were down 15.9% on year to 5.160 trillion yen, while exports dipped 9.4% to 5.747 trillion yen.

China Stocks edge lower on weak trade data

Mainland China stock market ended slight lower on Thursday, 08 December 2016, as investors grappled with mixed data showing better-than-expected November trade numbers but a sharp fall in foreign-exchange reserves. Sectors were mixed, with banks and raw materials gained, while properties and infrastructures dropped. The Shanghai Composite Index dropped 0.21%, to 3,215.37, while the Shenzhen Composite Index, which tracks stocks on Chinas second exchange, declined 0.52% to 2,077.37. The ChiNext Index, which tracks Chinas NASDAQ-style board of growth enterprises, fell 1% to close at 2,114.71 points.

Investors risk appetites were dented after data late on Wednesday showed forex reserves fell nearly $70 billion last month to the lowest level in nearly six years, as the central bank struggled to prop up the yuans value. However, unexpectedly strong trade data on Thursday provided some relief. Chinas November exports rose by 0.1 percent from a year earlier, while imports expanded 6.7 percent on strong demand for commodities from coal to iron ore.

Resource shares advanced, despite the generally cautious mood. Steelmaker Baoshan Iron & Steel Co and Wuhan Iron and Steel jumped on the heels of regulatory approval for their merger plan.

Hong Kong Stocks extends gain for the third session

The Hong Kong stock market finished higher for third straight session, on the back of positive lead from US markets overnight. Still, the upside was limited by a softer close for mainland shares after Chinas foreign exchange reserves fell far more than expected in November to the lowest level in nearly six years. The reserves data also seemed to have offset any enthusiasm from solid trade numbers for the worlds second-biggest economy. Most sectors rose, with industrial and resource shares leading the gains. The Hang Seng Index ended up 0.27%, or 60.92 points, to 22,861.84, while the Hang Seng China Enterprises index inclined 0.68%, or 67.24 points, to 9,896.82. Turnover increased to HK$73.5 billion from HK$62.5 billion on Wednesday.

HSBC (00005) edged down 0.2% to HK$65.35. The global bank has started buying back its own shares since early August, but it did not issue repurchase notice today.

AIA (01299) slipped 2% to HK$44.25 becoming the largest blue-chip loser. Nomura said in a research report that potential downside from UnionPay restriction is yet to play out fully. AIA today registered a HK$574 million block deal.

Nomura also noted that HKExs (00388) valuation is ahead of fundamentals. But it rebounded 0.7% to HK$195 after four-day decline. MTR Corp (00066) edged up 0.3% to HK$38.6.

China Customs said exports and imports in November rebounded to 0.1% and 6.7% year-on-year in USD terms. COSCO Shipping Ports (01199) and Tianjin Port Development (03382) rose 2.9% and 1.7% to HK$7.92 and HK$1.22.

Sensex, Nifty settle at near 4-week high

Gains in metal, auto sector stocks and index heavyweights ITC, Reliance Industries, Infosys, HDFC and HDFC Bank lifted key benchmark indices. The barometer index, the S&P BSE Sensex, surged 457.41 points or 1.74% to settle at 26,694.28. The Nifty 50 index jumped 144.80 points or 1.79% to settle at 8,246.85. Strong global cues boosted investors sentiment.

Bank stocks edged higher. Tata Motors rose after the company said that Jaguar Land Rover (JLR), the UKs leading manufacturer of premium luxury vehicles, reported its best ever November retail sales. Escorts advanced after the company announced the completion of the divestment of its auto products business to Badve Engineering, Pune. Tata Steel rose as Tata Steel UK reached an agreement with trade unions on a number of proposals that would structurally reduce risks and help secure a more sustainable future for its UK business.

Elsewhere in the Asia Pacific region: New Zealands NZX50 shed 0.08% to 6910.19. Indonesias Jakarta Composite index added 0.7% to 5303.73. Taiwans Taiex grew 1.2% to 9375.86. South Koreas KOSPI index was up 2% to 2031. Malaysias KLCI grew 0.7% to 1643.75. Singapores Straits Times index fell 0.03% to 2958.86.

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China Stocks edge lower on weak trade data
Dec 08,2016

Mainland China stock market ended slight lower on Thursday, 08 December 2016, as investors grappled with mixed data showing better-than-expected November trade numbers but a sharp fall in foreign-exchange reserves. Sectors were mixed, with banks and raw materials gained, while properties and infrastructures dropped. The Shanghai Composite Index dropped 0.21%, to 3,215.37, while the Shenzhen Composite Index, which tracks stocks on Chinas second exchange, declined 0.52% to 2,077.37. The ChiNext Index, which tracks Chinas NASDAQ-style board of growth enterprises, fell 1% to close at 2,114.71 points.

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Hong Kong Stocks extends gain for the third session
Dec 08,2016

The Hong Kong stock market finished higher for third straight session on Thursday, 08 December 2016, on the back of positive lead from US markets overnight. Still, the upside was limited by a softer close for mainland shares after Chinas foreign exchange reserves fell far more than expected in November to the lowest level in nearly six years. The reserves data also seemed to have offset any enthusiasm from solid trade numbers for the worlds second-biggest economy. Most sectors rose, with industrial and resource shares leading the gains. The Hang Seng Index ended up 0.27%, or 60.92 points, to 22,861.84, while the Hang Seng China Enterprises index inclined 0.68%, or 67.24 points, to 9,896.82. Turnover increased to HK$73.5 billion from HK$62.5 billion on Wednesday.

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Nikkei extends gains on strong global cues
Dec 08,2016

The Japan share market inclined to its best close this year on Thursday, 08 December 2016, after Wall Street powered to fresh record highs overnight. But gains were limited after weak revised figures that showed Japans economy grew less than expected in the third quarter and as investors eye a key European Central Bank meeting. Total 31 out of 33 TSE industry category on the main section gained ground, with Electric Power & Gas, Securities & Commodities Futures, Insurance, Iron & Steel, Information & Communication, and Air Transportation issues being major gainers. The 225-issue Nikkei average inclined 268.78 points, or 1.45%, to close at 18,765.47. The Topix index of all first-section issues finished up 22.07 points, or 1.48%, at 1,512.69.

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Australia Market spurs to 4-month high
Dec 08,2016

Australian share market advanced to its highest point in nearly four months on Thursday, 08 December 2016, on the back of significant gains in resources and financial stocks. With the exception of energy issue, every ASX sector was up, with technology, financial and mining issues leading rally. At the closing bell, the benchmark S&P/ASX 200 index advanced 65.50 points, or 1.2%, to 5543.60, while the broader All Ordinaries index inclined 63.60 points, or 1.15%, to close at 5599.

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