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Asian stocks opened mostly higher Wednesday, after gains on Wall Street, buoyed by robust earnings for Apple whose stock climbed in extended trade and after target price hikes for Google lifted Wall Street.
Chinese demand, the weather and political risks will lead to a very volatile year for soft commodities' prices, analysts at Swiss bank Sarasin wrote in a research note Wednesday.
European shares were set to edge up on Wednesday, tracking gains on Wall Street and in Asia, on robust earnings overnight from U.S. technology firms.
The Shanghai Composite Index shows no distinct bias upwards or downwards so traders and investors can expect of prolonged period of sideways movements with short term trading opportunities.
Asian markets were mixed on Tuesday, but technology plays outperformed despite news the Apple Chief Executive Steve Jobs would take medical leave for the third time since 2004.
"For us to expect the kind of clarity of purpose and consistency that you'd get from the US on something like this, you’re not going to get it," Jim O'Neill, Chairman of Goldman Sachs Asset Management, told CNBC.
US public pensions face a shortfall of $2,500 billion that will force state and local governments to sell assets and make deep cuts to services, according to the former chairman of New Jersey’s pension fund, reports the Financial Times.
Albert Edwards, a global strategist at Societe Generale well known for his bearish stance, said late Monday he has got it wrong and that he has been too bullish.
European stocks were seen slightly rising on Tuesday, inching higher for a second day in a row, with global miner Rio Tinto in focus after posting record iron ore output.
Asian stock markets were mostly lower on Monday after the latest tightening move from China's central bank.
Despite criticism that it grows by keeping its currency weak to boost exports, China is actually increasing its domestic consumption very fast, Jim O'Neill, Goldman Sachs Asset Management chairman, told CNBC.
The closely watched Ernst & Young ITEM club has warned the Bank of England not to raise interest rates despite soaring inflation.
Overheating emerging markets, in China in particular, pose the biggest threat to the market and political situation in 2011 according to Philippe Gijsels, head of research at BNP Paribas Fortis Global Markets.
The P/E for the S.& P. 500-stock index, based on 2011 estimated operating earnings, stands at 13.3, down from the 15.1 at this time last year. The New York Times reports.
Jean-Claude Trichet’s hawkish comments on inflationary pressures and the resultant jump in the euro following Thursday’s European Central Bank's press conference talk has turned attention back to central bank exit strategies, an economist said Friday.
Asian stocks closed mixed on Friday, weighed down by a drop in resources-related shares as commodity prices declined.
Goldman Sachs has revealed details of about $5 billion in investment losses suffered during the crisis for the first time this week, in a move that will deepen the debate over companies’ financial disclosures, reports the Financial Times.
European stocks were set to dip Friday, tracking losses on Wall Street and in Tokyo, with heavyweight resource-related shares feeling the pinch of lower commodity prices.
A lack of action on the US fiscal position could lead to a "buyers strike," according to Bob Parker, a special advisor to Credit Suisse.