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Showing posts from December, 2016

नोटबंदी पर बीसीजी का सर्वे, ग्रामीण इलाकों पर ज्यादा असर

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Get Two Days Free Trial from here and work with us click here http://www.ripplesadvisory.com बीसीजी ने नोटबंदी पर एक सर्वे कराया है। बीसीजी के सर्वे की रिपोर्ट के मुताबिक नोटबंदी का शहरों के मुकाबले ग्रामीण इलाकों पर ज्यादा असर हुआ है। टियर 3 और 4 शहरों पर गहरा असर देखने को मिला है। पूर्व और उत्तर भारत के राज्यों में ज्यादा दिक्कत हुई है। नकदी का इस्तेमाल अधिक करने वाले सेक्टर पर ज्यादा असर हुआ है, जबकि संगठित क्षेत्र के कारोबारियों पर असर कम हुआ है। बीसीजी के सर्वे में ये भी बात सामने आई है कि नोटबंदी का बड़े कारोबारियों पर ज्यादा असर नहीं हुआ है, और स्थायी कर्मचारियों पर भी असर नहीं हुआ है। हालांकि कॉन्ट्रेक्ट लेबर की कई जगह छंटनी देखने को मिली है। कुछ कंपनियों ने प्रोडक्शन घटाया है, लेकिन प्रोडक्शन में कटौती लंबी चलाने का इरादा नहीं है। नोटबंदी के चलते डीलरों ने स्टॉक घटाया है और उनका पेमेंट फंस गया है। पैकेज्ड फूड, कपड़े, मोबाइल और रेस्त्रां कारोबार तकरीबन सामान्य रहे हैं। हालांकि ट्रक, सीमेंट और रियल एस्टेट में अभी सुधार नहीं हुआ है। बीसीजी के चेयरमैन (एशिया पैस...

Global M&A Deal Value Falls to USD 3.69 trn this yr

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After three consecutive year-on-year rise, global merger and acquisition deal value declined by 21 percent to USD 3.69 trillion this year, says a report. According to global deal tracking firm Dealogic, in 2016, the number of M&A deal value fell 21 percent over last year, while M&A revenue declined by 6 percent by mid-December.  Get Two Days Free Trial from here and work with us click here http://www.ripplesadvisory.com "Global M&A volume reached USD 3.69 trillion by December 16, 2016, down 21 percent compared to the 2015 full year record high of USD 4.66 trillion," Dealogic said in a report.  Interestingly, the fourth quarter global M&A (USD 1.12 trillion) hit the USD 1 trillion mark in the first week of December, the biggest quarter since the October-December period of 2015, when transactions stood at USD 1.39 trillion. This is only the "tenth time that quarterly volume has surpassed the trillion mark", Dealogic said. AT&T...

GST, Demonetisation to have Far Reaching Impact

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Get Two Days Free Trial from here and work with us click here http://www.ripplesadvisory.com Reserve Bank of India (RBI) governor Urjit Patel said that the nationwide goods and services tax and legislation of bankruptcy code should impart resilience to the economy. He added that the withdrawal of specified bank notes will impart far reaching changes going forward, in his foreward to the Financial Stability Report published by RBI.  With respect to demonetisation, Patel said that it is expected to significantly transform the domestic economy in due course in terms of greater intermediation, efficiency gains, accountability and transparency through increasing adoption of digital modes of payments, notwithstanding the short-term disruptions in certain segments of the economy and public hardship.  Patel also raised concerns about stress in the banking sector. “While the domestic banking sector continues to face significant levels of stress partly reflecting legacy i...

Gold Firms, set to Break Three-year losing Streak

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Get Two Days Free Trial from here and work with us click here http://www.ripplesadvisory.com Gold was set to rise more than 9 percent in 2016, its first annual gain in four years, edging higher in the final trading session of the year on Friday on the back of a weaker dollar.  Spot gold was up 0.1 percent at $1,159.36 an ounce by 0325 GMT, having earlier hit a more than two-week high of $1,163.14 an ounce. The metal rose over one percent in the previous session, its biggest daily percentage gain since late September.  Gold has added more than 9 percent so far this year despite a steep fall in November, following three successive years of losses. "Gold made robust gains as demand surged during the periods of economic and political uncertainty until the third quarter," said Mihir Kapadia, CEO of London-based Sun Global Investments Ltd.  The safe haven asset was poised to register its best weekly gains since early June, having risen about 2.5 percent thi...

BoB inks MoU with HFL to Provide Dairy loans to Farmers

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Get Two Days Free Trial from here and work with us click here http://www.ripplesadvisory.com State-run Bank of Baroda and Heritage Foods Ltd (HFL) today signed a Memorandum of Understanding to provide dairy loans to farmers through the lender's branches across the country. Heritage Foods is in the business of procurement, processing and sale of milk and milk products.  "BoB and HFL will work jointly to provide dairy loans to the farmers which will benefit them in increasing their productivity and earnings under allied activities," the bank's head (rural banking and CSR), G B Bhuyan, said in a statement.  Meanwhile, shares of the bank were trading at 151.30 apiece, up 0.87 per cent from the previous close at 15:15 hours on BSE.

GE Power Bags Contract from BHEL

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Get Two Days Free Trial from here and work with us click here http://www.ripplesadvisory.com Leading power company, GE Power India Ltd has said that the company has been awarded a contract worth approximately INR 2711 million (i.e. approximately US $ 40 million) by Bharat Heavy Electricals Limited (BHEL) to supply components and services for the supercritical steam generator island packages for 2x800 MW coal-based Uppur Thermal Power Project (contract value approximately INR 1626 million) and 1x800MW coal-based North Chennai Supercritical Thermal Power Project Stage-III (contract value approximately INR 1085 million).  Both the thermal power projects are located in the southern state of Tamil Nadu. This is in line with the government's focus on upgrading the power infrastructure in the country.  Meanwhile, shares of the company were trading at Rs 479.75 apiece, up 6.17 per cent from the previous close at 09:38 hours on BSE.

Banks Face `Significant` Stress, But Stable Overall

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Get Two Days Free Trial from here and work with us click here http://www.ripplesadvisory.com Banking sector continues to face "significant" levels of stress but the financial system remains stable overall after moves to enhance transparency, Reserve Bank of India Governor Urjit Patel said in the twice-yearly Financial Stability Report. The report noted the gross non-performing advances ratio of commercial banks - a measure of stress in the sector - had increased to 9.1 percent in September from 7.8 percent in March, pushing the overall stressed assets ratio to 12.3 percent from 11.5 percent.  Stressed assets levels could increase further under baseline case scenarios, especially at state-run lenders, but the overall financial system remained stable after recent moves forcing banks to account for the true extent of bad loans in their balance sheets, the RBI said.  "While the domestic banking sector continues to face significant levels of stress partly refle...

आज भी मिडकैप, स्मॉलकैप में तेजी

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सीरीज की शुरुआती ट्रेडिंग रेंज 8000-8200 के बीच नजर आ रही है। घरेलू संस्थागत निवेशकों की कमजोरी और डॉलर की कमजोरी से बाजार में खरीदारी देखने को मिल सकती है। आज भी मिडकैप और स्मॉलकैप शेयरों में तेजी होगी। Get Two Days Free Trial from here and work with us click here http://www.ripplesadvisory.com निफ्टी में खरीदारी के लिए 8150-8175 का लक्ष्य सुझाया है और इस ट्रेड के लिए 8050 का स्टॉपलॉस जरूर लगाएं। वहीं अनिल सिंघवी के मुताबिक बैंक निफ्टी का ट्रेडिंग दायरा 17800-18200 के बीच नजर आ रहा है। उन्होंने बैंक निफ्टी में खरीदारी के लिए 18150-18200 का लक्ष्य सुझाया है और इस ट्रेड के लिए 17900 का स्टॉपलॉस जरूर लगाएं।

Stock Market Open High

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The market manages to climb as the Sensex is up 171.12 points or 0.6 percent at 26537.27.  The Nifty is up 52.20 points or 0.6 percent at 8155.80.  About 1202 shares have advanced, 271 shares declined, and 53 shares are unchanged. Get Two Days Free Trial from here and work with us click here http://www.ripplesadvisory.com

F&O cues: Nifty 8050 Call adds 5.6 lakh shares in Open Interest

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Get Two Days Free Trial from here and work with us click here http://www.ripplesadvisory.com F&O cues: Nifty 8000 Put added 10.1 lakh shares in Open Interest on December 28  Nifty 8050 Put added 7.4 lakh shares in Open Interest  Nifty 8050 Call added 5.6 lakh shares in Open Interest  FIIs in F&O on December 28 (Provisional data from NSE)  FIIs net buy Rs 1628 crore in Index Future  FIIs net buy Rs 285 crore in Index Options  FIIs net buy Rs 819 crore in Stock Future

Indian ADRs: Tata Motors up 2.2%, HDFC Bank, Wipro Gain

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Get Two Days Free Trial from here and work with us click here http://www.ripplesadvisory.com Indian ADRs ended mostly higher on Thursday. In the IT space, Infosys was up 0.07 percent at USD 14.74 and Wipro gained 0.73 percent at USD 9.60.  In the banking space, ICICI Bank shed 0.27 percent at USD 7.40 and HDFC Bank rises 0.35 percent at USD 60.83. In the other sectors, Tata Motors added 2.27 percent at USD 34.24 and Dr Reddy's Laboratories was down 0.07 percent at USD 44.78.

Indian Rupees Open 15 Paise Up

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Get Two Days Free Trial from here and work with us click here http://www.ripplesadvisory.com The Indian rupee gained in the early trade on Friday. It has opened higher by 15 paise at 67.95 per dollar versus 68.10 Thursday. "Festive fervour is the theme right now across the world. The dollar index has given up some of the recent gains and is trading below 103. EM currencies are still under cloud." "USD-INR is expected to trade within 67.80-68.10/dollar range," he added.

Asia Stocks, Dollar Subdued on last Trading Day of 2016

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Get Two Days Free Trial from here and work with us click here http://www.ripplesadvisory.com Asian stocks and the dollar were off to a subdued start on Friday as investors took profits on the last trading day of 2016, while the euro briefly spiked in thin trade. The euro jumped as much as 2 percent early on Friday, its biggest intraday gain since November 8, before settling back down to trade 0.6 percent higher at USD 1.0559.  "It's a really thin market today, and suddenly, offers disappeared and short-term players pushed the euro higher and took out stops. That's all," said Kaneo Ogino, director at foreign exchange research firm Global-info Co in Tokyo.  The common currency is still down 2.8 percent for the year. MSCI's broadest index of Asia-Pacific shares outside Japan was little changed early on Friday. In a year marked by major political surprises, including Brexit and the unexpected election of political novice Donald Trump to US President i...

Wall Street Edges Down as Bank Shares Weigh

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Get Two Days Free Trial from here and work with us click here http://www.ripplesadvisory.com Wall Street ended slightly lower on Thursday, held down by bank shares in quiet holiday trading as traders looked to position for the new year. US equities have stalled in recent days after rallying in the wake of Donald Trump's November 8 election as US president. Investors are betting on benefits from Trump's plans to cut taxes and regulations and introduce fresh economic stimulus. The post-election surge has put the benchmark S&P 500 on pace for a roughly 10-percent gain for the year, but has left some market participants nervous about a potential correction. "We ran out of steam after the election rally. Now the market is at fair value and now it is: 'What is going to come next?'" said Scott Wren, senior global equity strategist at Wells Fargo Investment Institute in St. Louis. The Dow Jones Industrial Average fell 13.9 points, or 0.07 percent,...

BoB Signs MoU with HFL to Provide Dairy loans to aFarmers

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Get Two Days Free Trial from here and work with us click here http://www.ripplesadvisory.com State-run Bank of Baroda and Heritage Foods Ltd (HFL) today signed a Memorandum of Understanding to provide dairy loans to farmers through the lender's branches across the country.  Heritage Foods is in the business of procurement, processing and sale of milk and milk products.  "BoB and HFL will work jointly to provide dairy loans to the farmers which will benefit them in increasing their productivity and earnings under allied activities," the bank's head (rural banking and CSR), G B Bhuyan, said in a statement here today.

Lupin Gets FDA nod to Market Ulcerative Colitis Tablets in US

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Get Two Days Free Trial from here and work with us click here http://www.ripplesadvisory.com Drug firm Lupin has received tentative approval from the US health regulator to market its Balasalazide Disodium tablets, used for treatment of ulcerative colitis, in the American market.  The company has received tentative approval to market its Balasalazide Disodium tablets 1.1 gm from the United States Food and Drug Administration (USFDA), Lupin said in a BSE filing today. The company's product is generic version of Salix Pharmaceuticals Inc's Giazo tablets in the same strength, it added. "Giazo tablets had the US sales of USD 0.79 million (IMS MAT September 2016)," Lupin said. Balasalazide Disodium tablets are indicated for the treatment of mildly to moderately active ulcerative colitis in male patients 18 years of age and older, it added.

Sell Aluminium January @ 116 Stoploss Above 121.20 Target 111.80-107.50

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Get Two Days Free Trial from here and work with us click here http://www.ripplesadvisory.com Aluminium on MCX settled down -0.93% at 117.2 tracking LME aluminium closed 0.9 percent down at $1,704 a tonne amid concerns about China's property market, pointing to moves to limit property speculation in 2017. Surplus production capacity in China and muted commodity prices in world markets in the last few years have resulted in a progressive growth in the share of imported aluminium in the country’s consumption. Japan's factory output rose in November and manufacturers expect to ramp up production in coming months, data showed.  The figures reinforce a dominant market view that the Bank of Japan will hold off on expanding monetary stimulus in coming months with a recent rebound in exports seen supporting growth. Data showed Chinese industry racked up its strongest profit growth in three months in November, suggesting the world's second-largest economy was improving. In...

Assocham asks Government to Approve in-Flight Wi-Fi Services

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The Assocham has said that it has asked the Government for an early approval to the proposal of providing in-flight Wi-Fi services over the Indian airspace. As per reports, the move would not only enable the fliers stay connected even when they are mid-air but also improve flight safety.  Get Two Days Free Trial from here and work with us click here http://www.ripplesadvisory.com The Assocham Secretary General D S Rawat, in a letter to Prime Minister Narendra Modi, has also said that various customer surveys findings also suggest that travellers expect to stay connected via their smart devices and laptops even while flying.  As per reports, globally, many airlines are already offering Wi-Fi for passengers, but they currently have to switch off the facility when they enter the Indian airspace as such services and phone calls are not allowed on flights under the present regulations.

RBI Extends loan Repayment Window to 90 days

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Get Two Days Free Trial from here and work with us click here http://www.ripplesadvisory.com In further relief to people hit by demonetisation, the Reserve Bank of India (RBI) has given borrowers another 30 days over and above 60 days for repayment of housing, car, farm and other loans worth up to Rs1 crore. “On a review, it has been decided to provide 30 days, in addition to the 60 days provided (on 21 November),” the RBI said in a notification.  So, borrowers together get 90 days breather from getting the account classified under non-performing asset (NPA) category. The above dispensation will apply to dues payable between 1 November and 31 December 2016, the notification said. Following the surprise announcement made by Prime Minister Narendra Modi on 8 November to scrap Rs500 and Rs1,000 notes, the economy witnessed cash crunch leading to slowdown in businesses.  As a result, the repayment capacity of the borrowers were impacted and there was fear of loan de...

भारत में एप्पल नहीं बनाएगा फोन!

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Get Two Days Free Trial from here and work with us click here http://www.ripplesadvisory.com टिम कुक की भारत में एप्पल प्रोडक्ट्स बनाने की उम्मीदों पर पानी फिरता नजर आ रहा है। सूत्रों के मुताबिक सरकार एप्पल को वित्तीय रियायत देने के मूड में नहीं है। लिहाजा एप्पल की भारत में आईफोन और आईपैड बनाने की योजना मुश्किल में पड़ती नजर आ रही है। दरअसल एप्पल ने सरकार से टैक्स रियायतें बढ़ाने की मांगी थी। एप्पल ने मैन्युफैक्चरिंग यूनिट लगाने के लिए टैक्स रियायतें बढ़ाने की मांग की थी। सूत्रों का कहना है कि जनवरी में उद्योग, आईटी मंत्रालय और वित्त मंत्रालय की बैठक होने वाली है। वहीं, भारत में पहले से ही कई दूसरी कंपनियां बगैर विशेष रियायत के उन्नत तकनीक का इस्तेमाल करते हुए मैन्युफैक्चरिंग कर रही हैं, ऐसे में संबंधित मंत्रालयों को एप्पल के लिए विशेष रियायत देने की कोई ठोस वजह नजर नहीं आ रही है। संबंधित मंत्रालयों की दलील है कि एप्पल को रियायत मिली तो बाकी कंपनियां भी टैक्स में रियायत में मांग करेंगी। यही वजह है कि सरकार एप्पल को वित्तीय रियायत देने के मूड में नहीं है। बता दें कि फिल...

Sluggish Demand Drags Down Mentha oil Futures by 0.41%

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Mentha oil futures were trading lower during morning trade in the domestic market on Thursday as participants remained on the sidelines in the agri-commodity amid muted physical demand for mentha oil from major consuming industries in the domestic spot market. Get Two Days Free Trial from here and work with us click here http://www.ripplesadvisory.com   Further, trimming of positions by traders in the spot market was due to fall in physical demand for mentha oil from consuming industries at the domestic spot market against sufficient stocks position on higher supplies from producing regions, influenced mentha oil prices at futures trade.  At the MCX, mentha oil futures for December 2016 contract is trading at Rs 1022 per kg, down by 0.41 per cent after opening at Rs 1027.30, against the previous closing price of Rs 1026.20. It touched the intra-day low of Rs 1020.40.

IRB Infra Bags road Project from NHAI

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Leading infra firm, IRB Infrastructure Developers Ltd has said that it has now received Letter of Award from NHAI for the project of Six laning of Kishangarh to Gulabpura section of NH 79A and NH 79 in the State of Rajasthan (length 90.000 km) on DBFOT (Toll) under NHDP Phase V package -I Project (“the Project)”.  Get Two Days Free Trial from here and work with us click here http://www.ripplesadvisory.com IRB proudly possesses one of the India's prime BOT projects in its portfolio viz., the Operation and Maintenance of Mumbai - Pune Expressway, and the four laning of NH-4 from Shil Phata to Dehu Road; two major roads connecting India's commercial capital to the rest of Maharashtra.  Meanwhile, shares of the company were trading at Rs 193.65 apiece, up 2.11 per cent from the previous close at 09:55 hours on BSE.

JK Tyre Plans to Raise up to Rs 1,000 cr via Securities

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JK Tyre & Industries said that its board has given approval to raise up to Rs 1,000 crore by issuing securities. "The board approved raising of funds by issue of securities, convertible/non-convertible with or without warrant...By way of public and or private offerings...For an amount of up to Rs 1,000 crore in one of more tranches," JK Tyre & Industries said in a regulatory filing.  This is in suppression of the resolutions of the board for raising of funds by issue of non-convertible debentures as announced on November 9, it added.  The approval of the members to raise the funds will be obtained by a way of postal ballot, the tyremaker said. Meanwhile, shares of the company were trading at Rs 113.10 apiece, up 1.21 per cent from the previous close. Get Two Days Free Trial from here and work with us click here http://www.ripplesadvisory.com

TN CM's office Burnt Midnight oil to Meet Cyclone

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Get Two Days Free Trial from here and work with us click here http://www.ripplesadvisory.com The office of Tamil Nadu Chief Minister worked late at night on December 11 to chalk out plans to meet any contingencies that might arise due to cyclone Vardah that would cross the next day, state-run fuel supplier IOC said on Wednesday.  According to a statement issued by Indian Oil Corporation (IOC), there was a late night request from Chief Minister's office cell for fuel stock to power the 108 ambulance services.  "The team delivered 5KL (5,000 litres) diesel around midnight on 11th December'16 to their premises (Emergency Management and Research Institute)," IOC said in a statement detailing how it managed the cyclone that crossed the Chennai coast on December 12. Similarly a mobile phone tower company was supplied 100 KL high speed diesel within few hours of request, IOC said.  "If today we are seated here with no disasters at our supply poin...

One BOJ Policymaker Called for Higher yield Target at December Meeting

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The Bank of Japan should be flexible about raising its bond yield target and allow long-term interest rates to increase if such moves reflected improvements in the economy, one of its board members was quoted as saying at this month's rate review.  Get Two Days Free Trial from here and work with us click here http://www.ripplesadvisory.com "I am opposed to setting the 10-year bond yield target around zero percent, and believe the yield curve should be allowed to steepen a bit more," the board member said, according to a summary of opinions at the Dec. 19-20 meeting released on Thursday.  The views are likely those of former market economist Takehiro Sato, who dissented to the BOJ's decision to maintain the 10-year bond yield target around zero percent. While his views are a minority, it highlights a rift within the nine-member board on the feasibility of the new policy framework that requires the BOJ to ramp up bond buying if market pressures push up yi...

एनएसई ने आईपीओ के लिए सेबी को दी अर्जी

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Get Two Days Free Trial from here and work with us click here http://www.ripplesadvisory.com एनएसई ने कल देर शाम अपने आईपीओ के लिए सेबी को अर्जी दे दी है। काफी लंबे इंतजार के बाद एनएसई का आईपीओ आ रहा है। कल ही एनएसई ने इसके लिए सेबी के पास ड्राफ्ट प्रॉस्पेक्टस फाइल किया है। एनएसई की इस आईपीओ से 10,000 करोड़ रुपये जुटाने की योजना है। एनएसई का मार्केट कैप 40,000 करोड़ रुपये है। मार्केट कैप के लिहाज एनएसई के शेयर का भाव 8,889 प्रति शेयर आ रहा है। सिटी, कोटक, मॉर्गन स्टैनली, जेएम फाइनेंशियल इस आईपीओ के मर्चेंट बैंकर होंगे। बता दें कि एनएसई के आईपीओ की वजह से आईएफसीआई और आईडीबीआई बैंक के शेयरों में आज हलचल रहेगी क्योंकि एनएसई में आईएफसीआई की 3.1 फीसदी और आईडीबीआई बैंक की 1.5 फीसदी हिस्सेदारी है। जानकारों का कहना है कि एनएसई के आईपीओ से आईएफसीआई, आईडीबीआई बैंक और एमसीएक्स को फायदा होगा।

Sensex,Nifty Open Flat

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The market has opened flat on December Futures & Options expiry today.  The Nifty is down 11.00 points at 8023.85  and the Sensex is down 29.47 points or 0.1 percent at 26181.21.  HUL, Adani Ports, L&T, Bharti Airtel and HDFC bank are losers while Axis Bank, Lupin, Cipla, M&M and SBI are gainers in the Sensex. Get Two Days Free Trial from here and work with us click here http://www.ripplesadvisory.com

Lakshmi Vilas Bank's Committee Meeting on Dec 31, 2016

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Lakshmi Vilas Bank Ltd has informed BSE that a meeting of the Committee of Directors for Capital Raising of the Bank (the Committee) will be held on December 31, 2016 to inter alia consider the following resolutions:a.  To approve the closure of the QIP;b. To approve the issue price including a discount, if any thereto as permitted under the SEBI ICDR Regulations for the Equity Shares to be allotted to qualified institutional buyers pursuant to the QIP; andc. To approve and adopt the placement document in connection with the QIP. Get Two Days Free Trial from here and work with us click here http://www.ripplesadvisory.com

F&O cues: Nifty 8050 Call adds 5.6 lakh shares in Open Interest

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Get Two Days Free Trial from here and work with us click here http://www.ripplesadvisory.com F&O cues: Nifty 8000 Put added 10.1 lakh shares in Open Interest on December 28  Nifty 8050 Put added 7.4 lakh shares in Open Interest  Nifty 8050 Call added 5.6 lakh shares in Open Interest  FIIs in F&O on December 28 (Provisional data from NSE)  FIIs net buy Rs 1628 crore in Index Future  FIIs net buy Rs 285 crore in Index Options  FIIs net buy Rs 819 crore in Stock Future

Indian ADRs: Tata Motors slips 2%, ICICI Bank, Wipro Down

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Get Two Days Free Trial from here and work with us click here http://www.ripplesadvisory.com Indian ADRs ended lower on Wednesday. In the IT space, Infosys was down 0.54 percent at USD 14.73 and Wipro shed 0.83 percent at USD 9.53.  In the banking space, ICICI Bank declined 1.07 percent at USD 7.42 and HDFC Bank fell 0.67 percent at USD 60.62.  In the other sectors, Tata Motors slipped 2.11 percent at USD 33.48 and Dr Reddy's Laboratories was up 0.13 percent at USD 44.81.

Rupee Opens Flat at 68.24 per Dollar

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Get Two Days Free Trial from here and work with us click here http://www.ripplesadvisory.com The Indian rupee opened flat at 68.24 per dollar on Thursday versus previous close 68.24.  "Year-end holidays expected to keep volumes and activity in currency markets low and thin. USD-INR expected trading range for the day 68-68.30/dollar."  The Japanese yen strengthened against the dollar, meanwhile the dollar index is firm above 103 mark, remember it has gained 4.7 percent this year. All those gains have come after the November 8 US election.

Asia Stocks Slip, dollar Underpinned by Yield Premium

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Get Two Days Free Trial from here and work with us click here http://www.ripplesadvisory.com Asian shares slipped on Thursday after Wall Street suffered a mild setback after weeks of gains, while the dollar stayed in demand as US government debt offered ever-fatter premiums over euro zone bonds.  Japan's Nikkei lost 0.7 percent, edging away from its recent one-year top. Australia's main index eased 0.4 percent, having touched a 17-month peak the previous day.  MSCI's broadest index of Asia-Pacific shares outside Japan was off a slight 0.1 percent. The pullback on Wall Street came amid light volumes and likely reflected caution about what the New Year might bring, given Wednesday was the first session when trades actually settle in January.  The Dow fell 0.56 percent, while the S&P 500 lost 0.84 percent and the Nasdaq 0.89 percent. Boeing fell 0.9 percent after Delta Air Lines cancelled a USD 4-billion order for 18 Dreamliner aircraft.