Japanese stocks rise as U.S. reports slower-than-expected growth

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Source: Bloomberg
© Scanpix/Reuters
Japanese stocks rose today as U.S. growth data fell short of expectations and led investors to speculate that the Fed will not end its stimulus earlier. The Japanese Topix index rose 2.8% to 1,098.83 today, however, the index is still 14% below its high achieved on May 22. The Topix index of real estate companies increased 8.8%, which is the biggest rise since April 5. The Nikkei index jumped 3% to 13,213.55.
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Thu, 27 Jun 2013 08:51:24 GMT

Sterling little changed against greenback

The British currency was little changed versus the U.S. Dollar and the 17-nation currency ahead of a report that could confirm that U.K.'s economy grew in the first quarter, according to analysts. The Sterling was at $1.5328 at 7:34 a.m. in London after slipping to $1.5298 on Wednesday, the weakest since June 5. The British Pound traded at 85.04 pence

Thu, 27 Jun 2013 08:14:28 GMT

Aussie rises as Asian shares gain

The Australian Dollar jumped on Thursday against the greenback as Asian stocks recovered 1.6% and indicated possible stabilization after a decrease earlier this week. However, some investors worry about credit crunch in China, which might not allow the Aussie to rise further. The Australian currency rose 0.4% against the U.S. Dollar to 0.9314.

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