Kospi Continue Correction, Probably Reflected The Yen

Monexnews-the impact of the weakening of the yen again to hit South Korea in trade exporters Thursday (14/3) so as to make the main index Kospi corrected up to-0.7%.

Kospi index recorded 17 points up to-weakened in the 1985.44 area, while the Yen weakened again today to level against dollar 96.14. And the effect of shares Samsung Electronics shrank 0.3 percent ahead of the launch of a mobile phone the latest Galaxy in New York.

And today, the Bank of Korea decided to hold interest rates at a level of 2.75%, which is a level unchanged for the fifth month. But trimming expectations interest rates add traction amid uncertainty about the country's economic recovery.(dar)

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Euro Below 1.3000, the moment to Continue Bearish Signals

Monexnews-Euro closed under a number in figures after 1.2960 1.3000 had tried to recover from a new low 3 months at 1.2920 figures. Economic Data yesterday emphasised the economic movement in the u.s. and Europe and investors are moving according to two factors.

The Euro is attempting to recover from 1.2820 area, but the recovery of the currency held by 1.2970 area so far and the Euro traded near 1.2960 area, still weak 0.3 percent today.

(AR)

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United Kingdom Will Continue To Trim Deficit

Monexnews-United Kingdom Prime Minister, David Cameron, said the loss of the Aaa credit rating means the Government needs to accelerate its efforts to trim the deficit. "Credit rating it important and this means the Government must continue and speed up the trimming the deficit," said Cameron to the United Kingdom Parliament. Moody's has cut its credit rating to Aa1 from Aaa United Kingdom due to suramnya economic outlook can overload the Government budget.

Cameron did not argue that the credit ratings play an important role; but the real test for Cameron United Kingdom point out is the magnitude of the interest to be paid when the Government issued bonds. "To date, the United Kingdom Government bond interest rates still at low level and this should be maintained," says Cameron.

Meanwhile, sterling strengthened in the New York session. GBP/USD is traded now, away from the low level 1.5152 daily 1.5079 (fr)

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U.S. Crude Oil Futures Continue Weakening

Monexnews-

U.S. crude oil futures plummeted-1.47% on Thursday continued weakening Wednesday yesterday over concerns of investors that the price of energy that led to the too high demand.

The Volume of trading also rose as they signifkan the weakening of oil prices to the lowest level in the last month under $ 79 per barrel.

The Eurozone Manufacturing PMI Data are weak also add to the negative sentiment of the market participants, due to an indication of a weakening European economy deeper in the month of February and the growth of the GDP report opportunites that are negative in the first quarter of 2013 so that the demand still weak diekspektasikan.

Other negative catalyst is the increase in the stock of u.s. oil reserves to supply outside forecasts reported by fire on Wednesday. Crude oil inventories were reported up beyond estimates BCA wrote 3juta barrel 2 million barrels. Furthermore the market participants will await the EIA oil reserve stock reports will be released later tonight.

(Sap)

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Asian Bourses Continue Rebound

Monexnews-Asia Exchanges shows performance with Japan that strengthened exchanges after Japan managed to avoid criticism over the weakening of the market exchange rate of the currency at G20 Summit last weekend. While strong earnings pushed the stock to a new high level Australia a year.

The G20 Summit held in Moscow resulted in agreement that the members of the refrain for the benefit of their currency policies. The exchange rate of the yen began to depreciate sharply late last year due to expectations that the new Government will implement monetary policy aggressively. The G-20 meeting did not give a share for Japan's efforts to stimulate its economy, clearly Shane Oliver, AMP Capital's Chief Analyst, Sydney. The elections will take place in Italy on 24 and 25 February will be a significant event that could affect the market, according to Mr. Oliver.

The dollar strengthened against the yen and is currently moving at Y Y 93.51 67.83 compared to Friday evening in New York. Latest Data from the International Monetary Market asserts enthusiasm declines the market to sell the yen. The weakening of the yen gave a share for shares with Japan's Nikkei gain of + 1.4%. The banking sector and real estate gains with Mitsubishi UFJ Financial Group + 4.9% and Mitsui Fudosan + 3.4%. Exporter stocks also moved up with Honda Motor + 2.5% and Toyota Motor Corp. gain 2.4%. S&P/ASX 200 climbed 0.5% Australia to 5059.20 after touching a new high level 4.5 years at 5070.5. The market was helped by stronger earnings reports. Bluescope Steel, Australia's largest steel producer by market value soared 16.2% after reporting the lowest loss in the first half of this year. Bendigo Adelaide Bank rose & 3.3% after the release of the earnings results exceeded estimates while Amcor rose 3.1% after the release of interim earnings reports. Earnings season continues in Australia, with a large number of companies will release earnings this week include BHP Billiton, Woodside Petroleum and QBE Insurance Group. Shares in mainland China is moving flats. In Hong Kong, the Hang Seng index was down 0.2%. South Korea's Kospi Composite was down 0.3%.

(din)

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