Hang Seng Raised Wall Street Rebound. Hong Kong's stock index - the Hang Seng rallied early in the week activities (4/2) mainly lifted by financial and property stocks are soaring after Wall Street rebound thanks to a solid workforce of data at the end of last week. Furthermore rally Hang Seng was also lifted by China's Shanghai market rose after the non-manufacturing PMI figures, released in January on Sunday had passed thin. It also emits optimism that the improvement in China's economic figures put the bamboo curtain country is now in a solid recovery phase. The main Hang Seng Index rose 0.42% recorded in the area range or higher 23821.05 +99.21 points, while the Hang Seng futures also rallied +110 points observed in the area of 23 867.
Hang Seng Finance and Property Sectors Supported
Hong Kong's stock market, Hang Seng moved higher early Monday as financial stocks and property sector moves stocks rally after Wall Street on Friday, lifted by improved U.S. monthly jobs data. The Hang Seng Index moved up as much as 0.9% to 23,937.56 and the Hang Seng China rose 1.1% to 12,348.22. Shares of China Life Insurance Co. rose 1.4% and shares of Bank of East Asia Ltd. rose 2.7%, while shares of New World Development Co rose 2% and Sino Land C up 1.3%. Shanghai stocks rose 0.6% to 2,433.97 after the official data said yesterday the improvement in the non-manufacturing PMI for China in January.
Profit-taking Tap Oil
In early Asian trading session, oil prices moved down as profit taking by some investors, clearly trader based in Singapore. The strengthening of the euro, reflecting growing optimism in the euro zone economies, the positive macro economic data from the U.S. and strong fundamentals amid tight supply of oil in the East Sea are a driving factor in oil prices, obviously Jim Ritterbusch at Ritterbusch & Associates. "Target price of Brent oil at $ 117/barrel. We recommend that traders take profits earlier this week while WTI is likely to strengthen," said Ritterbusch. U.S. oil prices approached $ 100/barrel range in the coming sessions. March Nymex crude oil futures contract fell 19 cents to $ 97.58/barrel. March Brent contract fell 21 cents to $ 116.55/barrel.
Asian stocks Positive U.S. Jobs Data Due
Most Asian stock markets move up on Monday, as investors took their first chance to react to the release of U.S. jobs data which gives an overview of the recovery in the U.S. economy, with earnings reports that provide a boost to shares of Sharp Corp. and Panasonic Corp.. Japan's Nikkei index moved up 0.5%, South Korea's KOSPI index rose 0.3% and the Australian stock index, the S & P / ASX 200 fell 0.1% instead. The Hang Seng Index moved up 0.7%, while the Shanghai index itself rose 0.3%.
Popped Nikkei Automotive Sector Performance
Japan's stock market, the Nikkei moved higher in morning trading, with the Nikkei index rose as much as 0.3% to 11,226.76. Performance of Wall Street provides support for Asian markets, after U.S. jobs data helped the stock posted a gain. As with the dollar moving to 92.68 yen from 92.50 in late trading before U.S. session on Friday, the automotive sector moved up in Tokyo. Shares of Nissan Motor Co. rose 2.1% and Mitsubishi Motors Corp. rose 2.9%. Sharp Corp. shares rose 1.6% after the company announced last week a record quarterly loss narrowed. Steel producer, JFE Holdings Inc. jumped 5.8%, helped by the upgrade status "buy" from "neutral" by Daiwa Securities.
Pfizer Subsidiary IPO Impressive Print
Shares of the company specialist care and treatment of animals hunted by investors in the IPO last Friday (01/02). Shares Zoetis (ZTS) jumped by 22% in its debut at the New York Stock Exchange last week. Unit of Pfizer's business is selling 86.1 million shares at a price of $ 26 per unit at the end of Thursday. Zoetis shares had traded at $ 31.74 before declining again, but consistently above the IPO price. Raising funds of $ 2.2 billion committed Zoetis be the biggest IPO since Facebook IPO in May last year. However, gait Zoetis certainly better this time because it is not colored by electronic interference and speculation such as Facebook IPO. Under clause of its IPO, the pharmaceutical company Pfizer entitled to 80% interest Zoetis. IPO Coordinator appointed by the board of directors are JPMorgan, BofA Merrill Lynch and Morgan Stanley. In the investment prospectus, Zoetis mention that animal health care business and has a bright prospect in the future.
The company even claims the sales figures have penetrated the $ 100 billion per year, and predicted even greater this year. Zoetis focus on the manufacture of animal drugs and vaccines, in line with the high demand for meat and poultry worldwide. Not only that, pet owners are also spoiled by a series of care products Zoetis research team. "The growth of livestock medicines and vaccines is influenced by the high population of citizens of the world and increased quality of life. Therefore needs nutrients from animal protein also increases every time. We help to ensure the health aspects of food communities," according to excerpts of the IPO prospectus Zoetis yesterday . Zoetis shares closed at $ 31.01 on Friday or higher about 20% from its initial offer.
Hang Seng Finance and Property Sectors Supported
Hong Kong's stock market, Hang Seng moved higher early Monday as financial stocks and property sector moves stocks rally after Wall Street on Friday, lifted by improved U.S. monthly jobs data. The Hang Seng Index moved up as much as 0.9% to 23,937.56 and the Hang Seng China rose 1.1% to 12,348.22. Shares of China Life Insurance Co. rose 1.4% and shares of Bank of East Asia Ltd. rose 2.7%, while shares of New World Development Co rose 2% and Sino Land C up 1.3%. Shanghai stocks rose 0.6% to 2,433.97 after the official data said yesterday the improvement in the non-manufacturing PMI for China in January.
Profit-taking Tap Oil
In early Asian trading session, oil prices moved down as profit taking by some investors, clearly trader based in Singapore. The strengthening of the euro, reflecting growing optimism in the euro zone economies, the positive macro economic data from the U.S. and strong fundamentals amid tight supply of oil in the East Sea are a driving factor in oil prices, obviously Jim Ritterbusch at Ritterbusch & Associates. "Target price of Brent oil at $ 117/barrel. We recommend that traders take profits earlier this week while WTI is likely to strengthen," said Ritterbusch. U.S. oil prices approached $ 100/barrel range in the coming sessions. March Nymex crude oil futures contract fell 19 cents to $ 97.58/barrel. March Brent contract fell 21 cents to $ 116.55/barrel.
Asian stocks Positive U.S. Jobs Data Due
Most Asian stock markets move up on Monday, as investors took their first chance to react to the release of U.S. jobs data which gives an overview of the recovery in the U.S. economy, with earnings reports that provide a boost to shares of Sharp Corp. and Panasonic Corp.. Japan's Nikkei index moved up 0.5%, South Korea's KOSPI index rose 0.3% and the Australian stock index, the S & P / ASX 200 fell 0.1% instead. The Hang Seng Index moved up 0.7%, while the Shanghai index itself rose 0.3%.
Popped Nikkei Automotive Sector Performance
Japan's stock market, the Nikkei moved higher in morning trading, with the Nikkei index rose as much as 0.3% to 11,226.76. Performance of Wall Street provides support for Asian markets, after U.S. jobs data helped the stock posted a gain. As with the dollar moving to 92.68 yen from 92.50 in late trading before U.S. session on Friday, the automotive sector moved up in Tokyo. Shares of Nissan Motor Co. rose 2.1% and Mitsubishi Motors Corp. rose 2.9%. Sharp Corp. shares rose 1.6% after the company announced last week a record quarterly loss narrowed. Steel producer, JFE Holdings Inc. jumped 5.8%, helped by the upgrade status "buy" from "neutral" by Daiwa Securities.
Pfizer Subsidiary IPO Impressive Print
Shares of the company specialist care and treatment of animals hunted by investors in the IPO last Friday (01/02). Shares Zoetis (ZTS) jumped by 22% in its debut at the New York Stock Exchange last week. Unit of Pfizer's business is selling 86.1 million shares at a price of $ 26 per unit at the end of Thursday. Zoetis shares had traded at $ 31.74 before declining again, but consistently above the IPO price. Raising funds of $ 2.2 billion committed Zoetis be the biggest IPO since Facebook IPO in May last year. However, gait Zoetis certainly better this time because it is not colored by electronic interference and speculation such as Facebook IPO. Under clause of its IPO, the pharmaceutical company Pfizer entitled to 80% interest Zoetis. IPO Coordinator appointed by the board of directors are JPMorgan, BofA Merrill Lynch and Morgan Stanley. In the investment prospectus, Zoetis mention that animal health care business and has a bright prospect in the future.
The company even claims the sales figures have penetrated the $ 100 billion per year, and predicted even greater this year. Zoetis focus on the manufacture of animal drugs and vaccines, in line with the high demand for meat and poultry worldwide. Not only that, pet owners are also spoiled by a series of care products Zoetis research team. "The growth of livestock medicines and vaccines is influenced by the high population of citizens of the world and increased quality of life. Therefore needs nutrients from animal protein also increases every time. We help to ensure the health aspects of food communities," according to excerpts of the IPO prospectus Zoetis yesterday . Zoetis shares closed at $ 31.01 on Friday or higher about 20% from its initial offer.
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