2011年4月29日星期五

Asian stocks, oil falls as U.S. growth slows; Yuan strengthens

April 29, 2011, 3: 12 pm EDT by Shiyin Chen

April 29 (Bloomberg) - oil and Asian stocks fell for the first time in three days and the Australian dollar weakened after us economic growth and industrial production of South Korea missed forecasts of economists. Chinese Yuan strengthened, breaking 6.5 per dollar for the first time since 1993.

MSCI Asia-Pacific excluding Japan Index decreased 0.6% effective from 3 a.m. to Singapore. The Stoxx 600 Index of Europe decreased by 0.1%. Standard & Poor 500 Index future lose 0.1%. Oil sank 0.4%, or exchanged near a record high and money slipped, reduce its largest monthly jump since 1987. The so-called Aussie dragged 0.2% from the US dollar, while the RMB appreciated by 0.2 percent. The Dollar Index was little changed following a slump of eight days.Korea of the South, said output of March in six months, after data showed gross domestic product expanded U.S. yesterday a lower than the forecast of 1.8% in the first quarter rose at a slower rate. Figures may today signal consumption U.S. cooled and companies grew at a slower pace, giving the Federal Reserve more reasoning to maintain the stimulus even as makers of China and other developing nations take steps to calm inflation.Potentially, in the second quarter will look much better, "Sean Callow, a senior at Westpac Banking Corp. Sydney currency strategist, said in an interview with Bloomberg Television." But clearly with the Fed on hold and just economy moving along slowly and the vast deficit, it is a difficult combination. "Samsung, KB FinancialAlmost two shares declined for all those who have increased on the Asian AETERNA MSCI index, bringing its loss this week to 0.7 per cent and trim its rally in April to 3.8%.Samsung Electronics Co., major manufacturer television and flat screen panels, most slipped 0.8 percent after saying earnings in the first quarter fell by 30%. Air China Ltd. sank 2.7 per cent in Hong Kong after the carrier reported a decline of 23 per cent of quarterly profits. KB Financial Group Inc. increased by 5.1% in Seoul after the owner of the largest lender in South Korea has posted an increase of 23 per cent of profit.The S & P 500 grimpé a 0.4% yesterday, a third day of gains, as better than the estimates of income of companies temperate investor concern the slowing of growth. Chevron Corp., Caterpillar Inc. and Goodyear Tire & Rubber Co. are among the members of S & P 500 planned to release the results today.Not to give Up "at this stage, people are not ready to give up some United States, but how many current gains are sustainable is a question open," said based in Melbourne Tim Schroeders, of Pengana Capital Ltd., which manages approximately $ 1 billion.The figure of the GDP of yesterday has missed the median estimate of 2% growth in a survey of economists Bloomberg. Today a report forecast to show their spending personal U.S. has increased at a slower pace, then as the Institute for Supply Management-Chicago Inc. can be said that its business barometer fell to 68.2 in April of 70.6 in March, according to a survey of.Oil for June delivery slipped as 0.4% to $112.36 US per barrel on the New York Mercantile Exchange, before the Exchange to $112.43. Futures moved yesterday to $112.86, the highest level since September 22, 2008 and are still run for an unprecedented increase in the monthly eighth after a conflict in cuts supply extended Libya of the third largest producer in Africa.Immediate delivery yet fell 0.2% to $1.533 an ounce after touching a record amount of $1,540.85 earlier. Metal sweeps 7% this month, the most since November 2009. Silver Medal for immediate delivery slipped 0.2% to $48.3487, trimming its monthly gain 28%, the most since 1987. No there was no trade in industrial metals on the London Metal Exchange, which was closed for a holiday.Aussie, Aussie WonThe falls to $1.0911 after climbing to $1.0948 yesterday, the strongest level since the currency has begun to Exchange freely in 1983. Won back 0.4% to 1,075.16 per dollar after touching 1,071.05 yesterday, the highest since August 2008. Industrial production increased by 8.7% in March from the previous year, data showed today. It is less than the gain of 9.1% in February and median forecasts of 11 percent of economists in a survey of Bloomberg .l ' yuan appreciated to 6.4907 per dollar and earlier reached 6.4898, the level harder since unified China of official exchange rates and the market in late 1993. He won 0.9% this month, supported by the Central Bank will allow the gains help control inflation fastest since more than two years of speculation.Manufacture of ManufacturingChina of China suffered its expansion this month even as the Government raised interest rates and to let the yuan strengthen at a faster rate, index of managers purchase of HSBC Holdings Plc. and Markit Economics showed today.Dollar Index of InterContinentalExchange, following the motto of the United States against those of the six major trading partners, was little changed at the 73.061 after falling yesterday at the lowest level since July 2008. The tonnage lost to 3.7% this month.Futures on the Chicago Board of Trade show and a 44 per cent chance the Fed will raise its rate target at least a percentage of one-quarter point by March. Than a probability of 50%, a week earlier.Yields on 10-year Treasuries were little changed at 3.31%, after dropping 16 basis points this month, according to prices Bloomberg Bond Trader. The U.S. government debt returned 1 percent in April, based on data of Bank of America, Merrill Lynch, the most since the Fed has warned on risks to growth at the cost of August.The protect the obligations of the Asia-Pacific of default value decreasedwith the index of Asia iTraxx Markit 50 borrowers of first investment outside the Japan quality falling a point base to 103, in accordance with the Royal Bank of Scotland Group Plc. Which is the lowest level since April 7, according to the CMA data provider.The Markit iTraxx Australia index fell to 1.5 points from base to base 103 points, the lowest since April 11, according to the Westpac Banking Corp., and the CMA. Japanese markets were closed for a holiday.

-With the help of Alex Kwiatkowski, Kim Kyoungwha, Ron Harui and Katrina Nicholas in Singapore, Seyoon Kim in Seoul, administration Li and John Dawson in Hong Kong and Jason Clenfield to Tokyo. Editor: Justin Carrigan, Shiyin Chen

To contact the reporter on this story: Shiyin Chen at Singapore at schen37@bloomberg.net.

To contact the editor responsible for this story: Justin Carrigan at jcarrigan@bloomberg.net.


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