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5 China Stocks to Buy as Red Dragon Outshines Asia
February 15, 2017
China’s stocks are making a blistering comeback this year after a dismal 2016. In fact, a cursory analysis indicates that the world’s second-largest economy’s financial markets are outperforming all of...
Tags Stocks / Equities
U.S. Steel (X) Q4 Earnings Crush Estimates, Sales Miss
February 01, 2017
U.S. Steel recorded net loss of $105 million or 61 cents per share in the fourth quarter of 2016, narrower than a net loss of $1.1 billion or $7.74 per share a year ago. The results in the quarter...
5 Stocks to Buy on Global Manufacturing Resurgence
January 05, 2017
Data from four major global economies reveals that manufacturing is on a much firmer footing. Following a dismal performance in the recent past, the sector seems to have recovered lost ground and is...
4 Best Momentum Stocks to Grab for 2017
December 29, 2016
We believe that investors can earn handsome profits by extrapolating the current bullish trends of the market into the future. Henceforth, seeking refuge on momentum investment strategy is a meaningful...
Home price growth in China is now declining, and this is an industry-wide headwind for the steel sector. Gordon Johnson of Axiom, a ...
International Economic Week In Review: It's A Brave New Policy World
November 01, 2015
From a policy perspective, the decline in Chinese demand and the relative over-supply of commodities within China adds downward pressure to a variety of commodities. This situation is likely to...
Angang Steel Posts Surge In Q3 Profit
October 26, 2014
Angang Steel Co (OTC: ANGGY) reported a strong rise in its net profit for the third quarter. Angang Steel's quarterly profit surged ...
Steel bellwether ArcelorMittal (MT) posted a net loss of $0.3 billion or 21 cents per share in the first quarter of 2013 compared with a net income of $92 million or 6 cents per share a year ago....
From Money Morning
Japan stocks soar as yen drops; Shanghai slips
April 21, 2013
Japanese shares soar to lead Asian markets by a wide margin, with the yen tumbling as investors interpret a Group of 20 nations statement as the international community’s support for the country’s...
China faces steel-production paradox
August 21, 2012
Steel prices are weakening, but Chinese steel mills are ramping up production anyway, adding to concerns of a serious price crash from analysts already worried about the sector.
Sad China industry mantra: Make steel, lose money
March 18, 2012
From Baosteel to Angang, China’s mighty steel companies are in a slump that shows no sign of easing, Caixin Online reports.
Asia stocks mostly lower after Greek deal
February 20, 2012
Most major Asia markets trade lower after European leaders conclude a marathon meeting with new aid for Greece, as investor cheers is limited by widespread anticipation of the deal.
Asia stocks weak as Europe worries linger
January 08, 2012
Asian shares lose ground, with concerns about Europe back on the agenda as the euro hovered around 2010 lows.
Asia markets mostly weaker, Japan wavers
December 27, 2011
Asia markets trade mostly lower following lackluster offshore leads, while Japanese stocks stick around the flat-line as investors digest a mixed bag of data.
Nikkei slumps 6.2%, but many Asia stocks rise
March 13, 2011
Tokyo stocks suffer their biggest fall in more than two years as Japan’s most powerful earthquake on record Friday leaves a trail of destruction, forcing authorities to cope with a nuclear emergency...
Tokyo extends rally as Seoul stocks hit
February 15, 2011
Japanese stocks rise for a third straight session as a weaker yen spurs exporters, while Chinese shares advance as the latest inflation data ease worries about monetary tightening.
Asian markets rise on metals, chip shares
January 17, 2011
Most Asian markets end higher, with a strong outlook for nonferrous and precious metals driving several stocks in the sector, while hopes for better semiconductor memory prices boost shares of chip...
China steel outlook dim despite rising prices
December 15, 2010
Chinese steel shares could remain weak in the near term as a sharper increase in raw material costs and higher production are expected to keep profit margins pressured.
China stocks tumble on rate hike; banks outperform
October 19, 2010
Stocks fall sharply after China’s central bank surprise markets with an interest-rate increase, though bank shares outperform and could have additional upside going forward.
Asia steelmakers rise as Japanese exporters drop
September 07, 2010
Asian stock markets turn in mixed results, as declining exporters weigh on Japanese shares, while steelmakers climb on expectations of higher prices.
Chinese steel makers rise more on production curbs
September 06, 2010
Chinese steel makers soar after local media report authorities have asked several companies to temporarily suspend production in order to help China meet its energy-saving targets.
Several Asian indexes end up for 4th straight day
September 05, 2010
HONG KONG (MarketWatch) -- Several Asian stock markets advanced for a fourth straight session on Monday after better-than-expected U.S. jobs data eased economic worries and buoyed Wall Street last...
Steel makers front broad gains in Asia
July 20, 2010
Most Asian markets advance steel stocks rally on news China is aiming to consolidate the local industry, while Japanese exporters shrink on the yen’s strength against major currencies.
Shanghai paces Asia stock gains, Tokyo shares drop
July 19, 2010
Asian markets end mostly higher as Chinese stocks march ahead on continued expectations Beijing will avoid further tightening measures as the nation’s economic growth moderates.
Asian stocks fall on weak U.S. sentiment
June 22, 2010
Asian markets mostly fell Wednesday after a drop in U.S. existing home sales hurt sentiment and softer commodity prices weighed on material stocks.
China steel makers hit by end to export rebate
June 22, 2010
Shares of steel makers skid in Hong Kong and Shanghai after the Chinese Ministry of Finance says it will scrap a tax rebate previously available on exports of a range of commodities, including various...
Steel price increase seen offsetting cost rises
April 13, 2010
As shares of major Asian steelmakers continue to under-perform on concerns that rising raw material prices will eat into their margins, some analysts remain positive on the industry.