Low valuations, market reforms and the prospect of monetary easing were all supposed to bring about a long-awaited turnaround for China’s languishing stock market this year, but halfway into 2011 and Chinese stocks have failed to live up to their promise.
Samsung Electronics, COSCO Pacific, Ayala Land and Cathay Pacific are some stocks that will fare well even as market volatility and economic uncertainty continue into the second half of the year, according to a report by HSBC Global Research.
NYSE Euronext CEO Duncan Niederauer, discusses the Nasdaq's proposed Facebook compensation plans. "The customers are smart, I do think it will change the shape of the pipeline, and I think this illuminated the difference in the models," he says.
Neil Shearing, economist at Capital Economics, told CNBC, "We are already in bubble territory particularly in the housing market it is wildly overvalued, the banks are becoming more reluctant to lend, even though the central bank is cutting interest rates banks are becoming increasingly reluctant to lend."
Hong Kong, the hottest initial public offering (IPO) market in the world in 2011, has seen a precipitous slowdown in listings because of market uncertainty and low valuations.
The London Metal Exchange, the world’s largest metal-trading platform, should be able to get an offer of at least a billion pounds ($1.6 billion), CEO Martin Abbott told CNBC.
NYSE Euronext and CME Group, the two US exchange groups, have submitted bids for the London Metal Exchange, valuing it at up to £1 billion and kicking off a contest for the commodities business, according to people familiar with the matter. The FT reports.
Shares in the country’s third-largest exchange opened at $15.25 on Friday, falling below the company’s offering price of $16 a share. Almost immediately, volatility in the stock spiked — on news of a system problem at the exchange — and BATS halted trading on its own shares. The New York Times reports.
Even as the Australian Prime Minister Julia Gillard called for a leadership vote on Thursday, one economist told CNBC that the Australian economy faced greater risk from high levels of household debt than from any political uncertainty.
The CEO of NYSE Euronext, hasn't given up on his merger with european exchange Deutche Borse, telling CNBC on Friday that it is an industry that "absolutely should consolidate."
The Chinese government has launched a crackdown on hundreds of unregulated electronic equity and futures exchanges that have sprung up in recent years to trade everything from fine art and commodities to insurance products. The FT reports.
The Australian dollar is trading at record highs but whether the currency will keep its momentum going depends crucially on whether the Reserve Bank of Australia (RBA) raises interest rates in the coming months.
Discussing the future of the exchange after it abandoned its bid to buy the NYSE, with Robert Greifeld, Nasdaq OMX Group CEO.
Foreign powerhouses from Unilever to HSBC are preparing for the launch of Shanghai's international board
Jimmy Dunne, senior managing principal of Sandler O'Neill, favors NYSE Euronext's merger with Deutsche Boerse over the hostile offer made by Nasdaq and ICE, he told CNBC Thursday.
NYSE Euronext Chairman Duncan Niderauer again blasted Nasdaq's and Intercontinental Exchange's newest offer for the stock exchange company Wednesday.
Low market volumes and stiff competition have led to a sharp fall in “high-frequency” trading as industry experts warn that the past two years of rapid growth may be coming to a halt, reports the Financial Times.
There has been a growing demand in Asia for dark pools, anonymous trading platforms used by institutional investors. One of those operators, Liquidnet, says the amount traded in Asia surged 32 percent year on year to a record $4.95 billion in the first quarter. The company says it's seen substantial growth in the region since it began operations in Asia three years ago.
Australian Stock Exchange's (ASX) rebuff of a $7.8 takeover offer from the Singapore Exchange (SGX) was the wrong decision, said Kerry Series, Founder and Chief Investment Officer of Asia-focused fund management firm Eight Investment Partners.
Exchange operator Nasdaq OMX Group said on Tuesday it will rebalance its benchmark Nasdaq-100 index, cutting the weighting of Apple.