Asian indexes initially react negatively to the broad market
wekness in the States but as the session continues stocks recover due to the
robust AAPL, YHOO and other tech earnings releases. The NIKK gains +0.2% buoyed
by the dollar/yen above 118 (weaker yen). KOSPI +0.5%. Australia finishes
marginally higher with the SPASX200 up +0.1%. Mining products company Bradken
collapses -35% after a takeover deal fails. Mining equipment providers CAT and
JOY lost -7% and -5.3%, respectively, in US trading yesterday.
Chinese stocks are the loser overnight with the SSEC down
-1.4%.
[Text is Redacted: Purchase January 2015-01 to Read the Complete Chronology]
[Text is Redacted: Purchase January 2015-01 to Read the Complete Chronology]
MCD CEO Don Thompson is tossed out the door after a
three-year lackluster performance. McDonald’s stock has risen only one percent
in the last 10 years while most other companies outperform. Mickey D’s needs
new blood and a Brit, Steve Easterbrook, will take the helm. MCD bounces +3% in
AH trading. The perceived-healthier fast food restaurants are taking share from
McDonalds. Easterbrook plans to educate the public that the food at the newer competing
establishments is not as healthy as people think.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.