Oppenheimer Lloyd CEO Is Pleased As Stocks, Commodities Rally on U.S. Home, Car Sales.

June 4, 2010 - PRLog -- Asian stocks are recovering from the biggest drop in 19 months in May, as reports in the U.S. showed a recovery in consumer demand, ahead of data today that may show an improving job market. Japanese investors sought higher-yielding assets in the week ended May 28, buying a net 1.17 trillion yen ($12.7 billion) in overseas debt during the week ended May 28 and 276 billion yen in stocks abroad, Ministry of Finance data showed.

“The data provides assurance that the U.S. economy is improving and that’s boosting investor sentiment,” said Hiroyuka Maruyama, Global Markets CEO at Oppenheimer Lloyd in Tokyo which oversees about $10 billion in Tokyo. “Technical indicators show that the recent declines are excessive and investors are hunting for bargains,” said the Oppenheimer Lloyd CEO.

The MSCI Asia Pacific Index’s 14-day relative strength index, which measures how rapidly prices have risen or fallen, closed at 33 yesterday, near the 30 threshold some investors use as a signal to buy.

Oppenheimer Lloyd was established as a diversified financial services company to bring innovative investment advice to both private and corporate clients across Asia and around the world. We provide a full range of brokerage services for investors globally.

We also offer extensive investment banking facilities tailored to the individual client's requirements. We take an industry-focused approach and complement this targeted expertise with transactional experts. This client-focused approach along with our experience, distribution capabilities, and complementary services has enabled us to become a leader in the investment banking industry.

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Oppenheimer Lloyd was established as a diversified financial services company to bring innovative investment advice to both private and corporate clients across Asia and around the world.