Stocks in the US gained for 2nd day overnight after Warren Buffet, world's no.1 investor offered to help the municipal bond market and said that he's willing to take on $800 billion in insurers' municipal debt obligations. Energy shares went softer after crude oil fell more than $1 last night. Tech sector also fell after JPMorgan Chase & Co. said Baidu.com may fail to increase revenue. Dow rose 133.4 pts or 1.1% to 12373.41, S&P500 climbed 9.73 pts or 0.7% to 1348.86 while Nasdaq lost 0.02 pts to 2320.04.
Asian markets may open stronger and continue yesterday's rally following the rally in Wall St overnight. Optimism that help is on the way and some analyst said that the worst may be behind us may help investors around the region to put their money back into the markets. Crude oil fell last night and was recenty traded around $92.50ish, gold fell to $905ish and JPY traded recently at 107.30ish. Nikkei futures closed at 13200 in CME today compared to the close of 12995 here yesterday.
Kospi may open higher today around 212ish and may continue to rise should the investors' confidence are back into play. However, markets may still be nervous as there are not many positive news besides the Buffet's plan to help. Market may still be volatile with day traders may still dominate the market.
Hangseng may open higher today and may open above 23000 around 23200ish today. It may go even higher if more and more investors willing to risk their money and hunt the already cheap stocks. Exporters and financials may lead the market today with Warren Buffet's plan come into consideration.
Langganan:
Posting Komentar (Atom)
Tidak ada komentar:
Posting Komentar