Market in Asia were mixed.
The Nikkei was down .6% to 9,677. Japan Air hit a low for the year. Mitisubishi UFJ (NYSE:MTU) posted strong earnings after the close.
The Hang Seng dropped .2% to 22,840. HSBC (NYSE:HBC) fell.
The Shanghai Composite was up .6% to 3,303.
At the open in Europe, the FTSE was up .3% to 5,363. The Dax rose .6% to 5,813. The CAC 40 was .6% to 3,853.
Data from MarketWatch and Reuters.
Douglas A. McIntyre
Markets in Asia were moderately lower.
The Nikkei fell .7% to 9,804. Honda (NYSE:HMC) rose.
The Hang Seng fell 1% to 22,402. HSBC (NYSE:HBC) dropped.
The Shanghai Composite fell .1% to 3,173.
At the open in Europe, the FTSE lost .1% to 5,263. The Dax dropped .2% to 5,656. The CAC 40 fell .2% to 3,806.
Data from MarketWatch and Reuters.
Douglas A. McIntyre
Markets in Asia were slightly higher
The Nikkei rose .6% to 9,871. Mitsubishi UFJ NYSE:MTU) rose.
The Hang Seng was up .3% to 22,269.
The Shanghai Composite rose .1% to 3,178.
At the open in Europe, the FTSE rose .2% to 5,246. Vodafone (NYSE:VOD) and HSBC (NYSE:HBC) both reported earnings. The Dax was up .1% to 5,626. The CAC 40 rose a fraction to 3,785.
Data from Reuters and MarketWatch
Douglas A. McIntyre
Economists still expect layoffs in the US and Europe to slow as the recovery gains momentum. Pessimists among experts on GDP growth and job losses believe that the major risk of a double-dip recession is that unemployment will keep rising well beyond the middle of next year. Read More
Markets in Asia fell sharply.
The Nikkei fell 1.8% to 9.891, Mitsubishi UFJ (NYSE:MTU) rose.
The Hang Seng fell 2.7% to 21,173. HSBC (NYSE:HBC) and PetroChina (NYSE:PTR) fell.
The Shanghai Composite dropped 2.3% to 2,850.
Data from Reuters.
Douglas A. McIntyre
Markets in Asia were higher.
The Nikkei rose 2.1% to 10,273. Sony (NYSE:SNE), Toyota (NYSE:TM), and Honda (NYSE:HMC) were all higher.
The Hang Seng rose 1.1% to 22,125. HSBC (NYSE:HBC) was up.
The Shanghai Composite moved up .3% to 2,980.
At the open in Europe, the FTSE was up .1% to 5,260. The Dax was higher by .2% to 5,862. The CAC 40 rose .1% to 3,885. Nokia (NYSE:NOK) which is scheduled to report earnings, was up.
Data from MarketWatch and Reuters
Douglas A. McIntyre
Most markets in Asia rose.
The Nikkei was up .6% to 10,055. Honda (NYSE:HMC) gained.
The Hang Seng was up 1.5% to 21,603. HSBC (NYSE:HBC) was up.
The Shanghai Composite was higher by 1.4% to 2,936.
At the open in Europe, the FTSE wsa down .1% to 5,206. The Dax dropped .4% to 5,762. The CAC 40 was off .3%.
Data from Reuters and MarketWatch
Douglas A. McIntyre
Markets in Asia were mixed.
The Nikkei rose .8% to 9,892.
The Hang Seng was down .2% to 21,448.
The Shanghai Composite rose 4.8% to 2,912. PetroChina rose (PTR) and HSBC (HBC) fell.
At the open in Europe, the FTSE was down .2% to 5,148. Tha Dax fell .1% to 4,709 and the CAC 40 fell .1%
Data from Reuters and MarketWatch.
Douglas A. McIntyre
Reuters: GM says most of its cost cutting is done and its sales chief left.
Reuters: Spot gold hit a record above $1,050.
Reuters: The Senate healthcare bill weighs in at $829 billion.
Reuters: Dell (NASDAQ:DELL) plans its first smartphone to be launched with AT&T (NYSE:T) using the Google (NASDAQ:GOOG) Android OS Read More
Markets in Asia rose moderately with Shanghai closed for the holiday.
The Nikkei rose .3% to 9,832.
The Hang Seng was up 1.1% to 21,475. HSBC (NYSE:HBC) was up.
At the open in Europe, the FTSE rose 1.1% helped by good earnings from Alcoa (NYSE:AA). The Dax was up 1.6% to 5,726. The CAC 40 rose 1.3% to 3,813.
Data from Reuters and MarketWatch.
Douglas A McIntyre
Reuters: A bear market could kill the extraordinary rally in corporate bonds.
Reuters: Treasury will announce three more funds are buying toxic assets.
Reuters: Bank of America (BAC) will select an emergency CEO this week.
Reuters: Goldman Sachs (GS) is owed $1 billion if CIT (CIT) fails. Read More
Markets in Asia were mostly lower.
The Nikkei fell 2.5% to 9,732.
The Hang Seng dropped 2.6% to 20,415. HSBC (HBC) fell sharply. PetroChina (PTR) and Sinopec (SNP) also fell.
The Shangai Comsite was higher by .9% to 2,779.
At the open in Europe, the FTSE fell .6% to 5,019. The Dax was down .6% to 5,520, and the CAC 40 dropped .9%.
Data from Reuters and MarketWatch
Douglas A. McIntyre
HSBC (HBC) is the largest bank in Europe, by most measures. Its CEO will be relocating to Hong Kong from London early next year, an indication of the rise of Asia and the fall of Europe as financial centers.
HSBC said it will “transfer its Group Chief Executive Michael Geoghegan to Hong Kong from London from Feb. 1, 2010 as the bank seeks to emphasize growth potential in the Asian region.” Read More
Markets in Asia fell.
The Nikkei slide 2.8% to 10,269. Nomua fell sharply as did Mitsubishi UFJ (MTU).
The Hang Seng fell a fraction to 21,042. China Mobile (CHL) and HSBC (HBC) fell.
The Shanghai Composite was off .5% to 2,837.
At the open in Europe, the FTSE rose .3% to 5,095. The Daxx rose .1% to 4,608. The CAC 40 was flat at 3,753.
Data from Reuters and MarketWatch.
Douglas A. McIntyre
Markets in Asia were mixed as Japan reopened after a three day holiday.
The Nikkei was up 1.9% to 10,544. JAL dropped sharply but Honda (HMC) and Sony (SNE) rose.
The Hang Seng fell 2.3% to 21,107. HSBC (HBC) fell.
The Shanghai Composite was up .4%.
At the open in Europe, the FTSE was down .6% to 5,110. The Dax was off 1.1% to 5,640 and the CAC 40 fell .9%
Data from Reuters and MarketWatch
Douglas A. McIntyre
Markets in Asia were lower, and Japan was closed for holidays.
The Hang Seng dropped .6% to 21,573. HSBC (HBC) fell but Geely Automotive rose.
The Shanghai Compsite fell 1.9% to 2,843.
At the open in Europ, the FTSE rose .2% to 5,153. The Dax rose .1% to 5,7.14 and the CAC 40 was up .1% to 3,826.
Data from Reuters and MarketWatch.
Douglas A. McIntyre
Markets in Asia were mixed and the Japanese exchanges were closed.
The Hang Seng fell .2% to 21,585. HSBC (HBC) rose.
The Shanghai Composite rose .2% to 2,968.
At the open in Europe, the FTSE was down .2% to 5,165. The DAX fell .6% to 5,670. The CAC 40 fell .2% to 3,821.
Data from Reuters and MarketWatch.
Douglas A. McIntyre
Markets in Asia fell.
The Nikkei was off .7% to 10,371.
The Hang Seng fell .8% to 21,585. China Mobile (CHL) and HSBC (HBC) were up.
The Shanghai Composite dropped 3.2% to 2,963.
At the open in Europe, the FTSE was off .1% to 5,158. The Dax was down .4% to 5,709 and the CAC 40 fell .5% to 3,817.
Data from Reuters and MarketWatch
Douglas A. McIntyre
Several consulting firms post annual figures for the world’s most valuable brands. The two best known are probably the Interbrand and BrandZ surveys. They are notably different, up until now at least. BrandZ includes a number of large brands from Asia. Interbrand does not.
24/7 Wall St. has put together a list of the most valuable brands of 2009 by looking at valuation calculations from a number of sources. Then a base valuation was taken from the 2008 Interbrand data to fix values for this year and changes from last.
Most methods take into account the future earnings of a brand for its parent company. This is fundamentally a guess particularly during a turbulent period in the global economy. Interbrand’s rule is that a brand most get at least a third of its revenue from outside its country-of-origin. That is arbitrary, particularly as it apply to brands in China.
24/7 Wall St. has made the assumption that the value of most brands have been hurt log-term by the deep recession. Forward earnings estimates for many of the firms on this list show that. Those brands which post value improvements show much more modest increases than they would be in a stable economy.
Looking at the Interbrand list from last year, it is fair to ask why firms like Nissan, Wal-Mart (WMT) and Red Bull are not present.
Because the brands on this list are taken from names on the Interbrand survey, we have not made a calculation about which companies may be new to their list in 2009 or which may drop off.
Public firms which are part of this ranking include (KO)(IBM)(MSFT)(GOOG)(GE)(NOK)(TM)(INTC)(MCD)(DIS)(HPQ)(AXP)(C)(HMC)(ORCL)(AAPL)(SNE)(PEP)(HBC)(NKE)(UPS)(FDX)(SAP)(DELL)(JPM)(GS)(KL)(EBAY)(SI)(F)(AIG)(AMZN)(CAT)(AVP)(RIMM)(GPS)(TIF)(BP)(SBUX)(JNJ)(MAR)(V)
The 100: Read More
There is an interesting take out there on Berkshire Hathaway Inc. (NYSE: BRK-A) and on HSBC Holdings plc (NYSE: HBC) over how these firms should pay a high bonus to staff based upon a new economic model of calculating pay. Reuters noted that consulting firm Stern Stewart’s new Relative Wealth Added (RWA) model showed that Berkshire Hathaway (NYSE: BRK-A) and HSBC Holdings plc (NYSE: HBC) were two of the wort performers of RWA during the 2002 to 2007 expansion, but were the two best performers since. Anyhow, this is more of a notion over a new pay model and the call here is that staff at these firms should be getting big bonuses under the new model.
Read More
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