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Apple loses its creative force (ISFM) (24-08-2011)

Asian stocks gain boosted by US data (AP) (25-08-2011)

Currency Exchange Rate

Forex

Asian Markets
10:30am GMT (25-08-2011)
Index	Value	% Change
NIKKEI 225	8,772.36	+1.54
HANG SENG	19,752.48	+1.47
SHANGHAI SE COMPOSITE	2,615.26	+2.92
TAIWAN TAIEX	7,410.87	- 1.23
KOSPI 100	1,691.49	+0.93
S&P/ASX 200	4,212.90	+1 08
NZX 50 FF	3.301.58	+0.43
STRAITS TIMES	2.765.74	+1.69

10 Top Performing Japan Banks
(25-08-2011)
Bank	Close	Pct Change
SHINSEI	81	+3.70%
SURUGA	670	+3.13%
YOKOHA	359	+2.51%
TOHOKU	121	+2.48%
CHIBA	488	+2.46%
KANSAI URBAN	133	+2.26%
NISHI-NP CITY	215	+1.86%
MIZUHO TRUST	59	+1.69%
KITA NIPPON	1.824	+1.37%
TOCHIGI	287	+1.05%

Technology shares were in the centre of attention as Steve Jobs –the Apple Inc. creative force resigned, passing the reins to his right-hand man Tim Cook. After numerous contributions to the world of technology, the innovation attached to the Steve Jobs brand is something that might be impossible to replace. In Asia, markets showed gains after a late-day surge on Wall Street with the Japanese benchmark Nikkei 225 climbing 2 percent to 8,808.24, Hong Kong's Hang Seng being 1.4 percent higher to 19,746.64 and benchmarks in Singapore, Indonesia and Thailand also up. A boost..

BANGKOK – Asian stocks rose on Thursday after a late-surge on Wall Street and a boost from U.S. data showing a surge in demand for cars and planes in July. Japan's Nikkei 225 climbed 2 percent to 8,808.24. Hong Kong's Hang Seng was 1.4 percent higher to 19,746.64 as strong half-year earnings from China National Offshore Oil Corp. and Bank of China Ltd. on Wednesday boosted sentiment. South Korea's Kospi rose 1 percent to 1,772.82 and Australia's S&P/ASX 200 was 0.9 percent higher at 4,204.50. Benchmarks in Singapore, Indonesia and Thailand were also higher, while indexes...

Euro gains while dollar stays unchanged (Reuters) (25-08-2011)

Gold losing gains after CME data (Reuters) (25-08-2011)

LONDON – Euro was higher than dollar on Thursday rising 0.1 percent on the day at $1.4425, pulling back from a session high around $1.4475. The single currency tracked moves in European shares which backed off the day's high. The dollar was unchanged versus a currency basket, while it inched up 0.2 percent to 77.10 yen. Speculation of a third round of quantitative easing has dented the dollar in past weeks. Investors are worried the U.S. economy may slip into recession but some are not convinced Bernanke is ready to signal another round...

SINGAPORE – Gold declined more than 1 percent on Thursday after the CME Group raised trading margins by the most in over two and a half years to curb volatility in bullion that had surged to dizzying heights. Spot gold fell by more than 4 percent on Wednesday, its biggest drop since December 2008, as investors liquidated positions after the precious metal surged nearly 35 percent this year to a record high above $1,911 on Tuesday. Spot gold slipped as much as 1.3 percent to $1,728.59 an ounce, before recovering some ground to trade at $1,739.80...

$3.1 billions pulled by US bond mutual funds (Bloomberg) (25-08-2011)

As the Investment Company Institute announced, U.S. investors put $1.48 billion into stock mutual funds in the week ended Aug. 17, the first deposits in four months. An amount of $3.1 billions was pulled by customers from U.S. mutual funds that buy bonds, the fourth straight week of withdrawals from fixed income. The equity-fund deposits reversed a streak of withdrawals...

Technology shares were in the centre of attention as Steve Jobs –the Apple Inc. creative force resigned, passing the reins to his right-hand man Tim Cook. After numerous contributions to the world of technology, the innovation attached to the Steve Jobs brand is something that might be impossible to replace. In Asia, markets showed gains after a late-day surge on...

Currency Summary

ECB overnight borrowing returns to a low of 42 million euros (MarketWatch) (25-08-2011) 

Europe goes higher by Credit Agricole and Glencore (MarketWatch) (25-08-2011) 

Futures open mixed with eyes over technology stocks (Reuters) (25-08-2011) 

Apple Inc. CEO Steve Jobs resigns (Bloomberg) (25-08-2011) 

Weekly jobless claims reach 417,000 (MarketWatch) (25-08-2011) 

Greek bond yields reach new record highs (AP) (25-08-2011)