Nikkei skyrocketed above 9,000 on stimulus hopes

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Scanpix/AP
Japanese shares prolonged their rally on Friday after Shinzo Abe, a leader of the opposition party stated that the BoJ should cut the key interest rates to zero or even lower to stimulate faltering economy. Market players bet that opposition party is likely to win elections due next month. Meanwhile, exporters drew strength from weaker national currency. The Nikkei 225 index skyrocketed 2.2% to end the week at 9,024.16. All but one sector included in the index advanced. The top-performers were technology and industrial sectors. Advantest and Alps Electric rose 6.66% and 2.55%, while Asahi Glass and Daikin Industries climbed 2.13% and 7.8%. Exporters also moved higher. Nikon Corp. and Canon Inc. soared 7.23% and 5.81%. On the downside, Kirin Holdings dropped 2.22% after the company stated that it plans to sell its 15% stake in Fraser & Neave. Utilities declined, with Tokyo Gas falling 1.93%.

Back to articles

Actual Topics

Fri, 16 Nov 2012 12:50:45 GMT

Pound increases from a two-week low versus Euro

The Sterling appreciated by 0.3% to 80.32 pence per Euro and 0.18% to 1.5883 per Dollar in early London trading session on Friday. The Pound versus the Euro steps higher the first time in the last six trading session, increasing from a lowest point in two weeks. The Sterling is mainly affected by speculations that the Central Bank of England

Fri, 16 Nov 2012 11:52:45 GMT

Dow slumped on employment data, eurozone's recession

Dow slumped on disappointing signals from the national economy. US unemployment claims jumped much more than expected last week. Weak manufacturing data from Philadelphia-region also weighted down on the US blue chips. Moreover, the eurozone's economy fell back into recession last quarter, dampening global risk sentiment. The Dow Jones Industrial Average index dropped 0.23% to close at 12,542.38. Four in

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Chcete-li se dozvědět více o platformě Dukascopy Bank CFD / Forex, SWFX a dalších souvisejících obchodních informacích, prosím, zavolejte nám, nebo vám můžeme zavolat my.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.