Results 1 to 1 of 1

Thread: Asian Stocks Trading in the U.S. Rise on Earnings Optimism

Threaded View

  1. #1
    Join Date
    Jun 2006
    Location
    US, Europe and Asia
    Posts
    4,592

    Default Asian Stocks Trading in the U.S. Rise on Earnings Optimism

    Asian Stocks Trading in the U.S. Rise on Earnings Optimism
    June 21, 2006 (Bloomberg)

    Asian stocks trading in the U.S. rose for a second day on speculation corporate earnings will remain strong after Morgan Stanley and FedEx Corp. reported profit that exceeded analysts' estimates.

    Asian exporters that depend on U.S. consumer demand gained. Toyota Motor Corp., Japan's biggest automaker, rose 63 cents to $101.27. Honda Motor Co., the No. 3 automaker in that country, climbed 30 cents to $31.65.

    AntiSpin: What a relief! Relief rally, that is. Or too many traders went into the earnings reporting period short and got short squeezed. In any case, VIX shows a potentially tradable dip in volatility. With the Bank of Japan about to raise interest rates and the world's central banks experimenting with weening the Finance-Based Economy off cheep credit, expect more volatility to come.
    Last edited by FRED; 06-22-06 at 09:44 AM.
    Ed.

Bookmarks

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Opinions expressed herein are those of the posters, not those of iTulip, Inc., its owners, or management. All material posted on this board becomes the intellectual property of the poster and iTulip, Inc., and may not be reposted in full on another website without the express written permission of iTulip, Inc. By exception, the original registered iTulip member who authored a post may repost his or her own material on other sites. Permission is hereby granted to repost brief excerpts of material from this forum on other websites provided that attribution and a link to the source is included with the reposted material.

Nothing on this website is intended or should be construed as investment advice. It is intended to be used for informational and entertainment purposes only. We reserve the right to make changes, including change in price, content, description, terms, etc. at any time without notice. By using this board you agree that you understand the risks of trading, and are solely responsible for your own investment and trading decisions. Read full legal disclaimer.

Journalists are not permitted to contact iTulip members through this forum's email and personal messaging services without written permission from iTulip, Inc. Requests for permission may be made via Contact Us.

Objectionable posts may be reported to the board administrators via Contact Us.

-->