Nikkei 225 climbs for the second straight day

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Source: Dukascopy Bank
Japan's Nikkei Stock Average soared on Thursday, after PBOC announced it will allow more lending and postpone stricter capital requirement restrictions. Nikkei 225 Index gained 1.12% or 95.95 points to 8,646.53, driven by industrial and basic material sectors. Nomura Holdings Inc. climbed 4.3%, while Daiwa Securities Group Inc. added 4.9%. On the downside Japan Tobacco dropped 3.27% and video game software producer Konami Corp. lost 2.5%. 

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Thu, 19 Jan 2012 14:42:02 GMT

Base metals faced mixed performance on Wednesday

Base metals faced mixed performance on Wednesday as the commodity group balanced on the positive data from the Euro Zone and slower than expected industrial production growth in the US and Japan. Copper, the top performer, was supported by BHP Billiton report of 7% decrease in the metal's output. However, restart of the Grasberg copper mine operations after three-month strike

Thu, 19 Jan 2012 14:30:48 GMT

Dow Jones Industrial Average Index climbs, lifted by home builder sentiment

Dow Jones Industrial Average Index surged on Wednesday, as investors anticipated growing optimism among US home builders amid news IMF agreed to grant additional loan program. Blue chip index climbed 0.78% or 97 points to 12,578.95 with 26 of 30 shares posting gains. Among the main winners were banking shares as Bank of America jumped 4.94% and JPMorgan Chase advanced

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