Asia: time to “bulls” to take a chance

 

Thursday, January 28, the major stock markets in the Asian region, the first time in nine sessions, managed to escape into the green zone. The flow of negativity, pessimism is very encouraging to investors, followed by inspiring news and hopes for a speedy recovery.

The International Monetary Fund raised its estimate for economic growth the world economy. It is expected that world GDP will increase in 2010 to 3,9% compared with the previously projected 3.1%-s growth rate.

Yesterday, Barack Obama, speaking with his first epistle to the U.S. Congress on the situation in the country, “stated the necessity to support the economy through increased tax incentives and job creation, as well as by assisting in the development of small businesses. In addition, the President of the United States intends to reform health care, which over the next 20 years will help reduce the country”s budget deficit by $ 1 trillion.

Advances in high-tech sector in the region also added optimism to market participants. Tech sector in the MSCI Asia Pacific Index added to its asset 1,7%.

As a result of trading the Japanese Nikkei 225 gained strength at 1.58%, Chinese CSI 300 has become harder to 0,25%, while Australia”s SP /ASX 200 advanced at 0.62%. Regional indicator MSCI Asia Pacific increased by 0,8%, to close at the mark to 118.99 points. The overall positive dynamics of the markets not only supported by New Zealand, Vietnam, Malaysia and Pakistan.

The world”s largest manufacturer of digital camera Canon has said he expects profit increase in 2010 to 52%, which may amount to 200 billion yen ($ 2.24 billion). As a result, quotes Canon climbed 1.8%.

Today, the American corporation Apple introduced the Tablet PC iPad, which occupies an intermediate position between the smartphone and laptop. According to informed sources, Apple plans to cooperate with the two companies to supply LCD screens, namely, LG Display and Hon Hai Precision Industry. Against the background of this news, shares of LG Display “recovered” at 4,7%, and the paper Hai Precision Industry went up by 2,3%.

Japanese electronics maker Sony has earned in the auction 4,9% of market capitalization. It is expected that the company will report on the operating profit of 100 billion yen, which would be the first positive result of the activities for the past 5 quarters.

Net profit of the world”s largest manufacturer of microchips in order Taiwan Semiconductor Manufacturing grew in the fourth quarter nearly doubled to NT $ 32,67 billion ($ 1 billion) compared with NT $ 12,45 billion a year earlier. As a result, paper, Taiwan Semiconductor strengthened to 0.67%.

Quotes of the Japanese manufacturer of video game consoles Nintendo left in plus on 2,49%. Despite a 23% reduction in operating profit of Nintendo, the company”s net profit for the three months ending December 31 increased by 82% and reached 123.1 billion yen, surpassing analysts” expectations of 102.5 billion yen.

A leading Japanese manufacturer of microchips for computer memory Elpida Memory has added to its asset 5,2% after it reported on the first for the last 9 quarters of profits Thus, the net profit for the three months ending Dec. 31 totaled 21.1 billion yen ($ 234 million ) compared with a loss of 72.3 billion yen a year earlier.

Awkwardly formed session for the Japanese automaker Toyota Motor and the largest Australian retailer Woolworths. Yesterday, representatives of Toyota said that they intend to suspend the production of 8 models in the U.S. market, but today it became known that the company also intends to withdraw some of the cars from the market in Europe.

Paper Woolworths retreated, in turn, by 2,3% against lowering their rating analysts UBS.

U.S. Federal Reserve kept the target range of the base rate 0-0,25% pa
Davos accents

officials and businessmen will try to heal the planet …

On Russia”s market will be observed until the “corridor” speakers in the rcdeange of 1370-1410 points on the MICEX
The rebound on top of Russia”s stock market continued, the MICEX index has won back 50% of losses
In 2010 - 2012 years “LUKOIL” will save more than 9 billion rubles by selling energy saving program
Vladimir Milovidov: priority for Federal Financial Markets Service is to work on the law on insajde
The dollar will look better euro
In the course of the trading session effect on the dynamics of the stock market could have a weekly statistics on the U.S. labor market
The development of economic cooperation of former USSR in the past 10 years has slowed