commodity forecast in asia market 2011

commodity forecast in asia market 2011 : Asian equity markets are still mired in holiday slumber with region's big 3 indices - Australia, Japan, and China - still closed for the holiday. Despite the softer China PMI reported on New Years Day (53.9 V 55.0E; 3-month low; First decline in 5 months), indices that did reopen were in the green. Hong Kong's Hang Seng outperformed the others, as analysts indicated slowing Manufacturing PMI could potentially keep the PBoC on the sidelines in terms of further tightening following a 25bp hike on Christmas Day. On Friday, PBoC Gov Zhou reiterated the central bank would implement a "prudent" monetary policy in 2011.

Asian Market Update
Asian Market Update: USD gains in thin post-holiday trade on renewed EU sovereign worries; Wheat, copper start 2011 on firm footing, Feature described the policy objective to be more targeted, flexible, and effective. Separately on Saturday, China State Council eased capital controls on Chinese exporters, allowing them to keep their foreign-currency earnings overseas instead of changing them into yuan, thereby restricting excess funds from floating back into the economy. A state council researcher indicated PBoC could in fact remain aggressive with 4-5 rate hikes and continued flexibility in Yuan, the strength of which he saw in inverse correlation with inflationary pressure. Read More...

Asian Stocks Brought Down by Commodity Sector
European equities will have a harder time finding buyers on Thursday after Asian markets declined. Commodity stocks were the biggest losers and helped drag down the major indexes.U.K. stock futures essentially unchanged up 0.1% even after the U.S. and Asia markets closed lower. The S & P 500 and Hang Seng dropped 0.3% and 0.7% respectively. Read More...

Asia Exports Cooling Damps Outlook for Commodity Shippers
Asian exports that helped power the world recovery last year are poised to grow more slowly as the region’s manufacturing rebound eases and U.S. unemployment restrains consumption after a post-recession spending spree. Container traffic growth in Shanghai, Singapore and Hong Kong, the world’s busiest ports, has cooled since the first half of 2010. Singapore exports in 2011 may rise at a third of last year’s pace of as much as 24 percent, according to DBS Group Holdings Ltd. The island’s government joins Taiwan and South Korea in predicting smaller gains in overseas sales. Read More... For the latest updates PRESS CTR + D or visit Stock Market news Today

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