Nikkei advances on hopes for monetary easing

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Most blue chips in the Nikkei 225 benchmark gauge edged higher amid speculation Japanese central banks will introduce more monetary easing to bolster the economic growth. However, firms depending on exports shrank, as the Yen climbed against its major counterparts. Taiyo Yuden Co., a ceramic-capacitor maker, jumped 9.2% to pace gains in industrial shares, as its stock rating was upgraded to buy at Jefferies. Among other top performers was Sumco Corp. that rose 6.7% to 1,009 yen, capping losses in technology group that was 0.1% down. Ebara Corp. followed with a 6.2% surge, adding to the 0.3% increase in industrials. Japanese papermakers mostly retreated. Oji Holdings Corp. skimmed 8.3% to 331 yen, as the biggest paper company in Japan was affected by Nippon Paper's statement which said the company might rise shipment-prices with April 21. Hokuetsu Kishu Paper Co and Nippon Paper Group also posted losses with their shares closing 5.5% and 5.1% lower, dragging down basic materials that erased 1.3%. Dai-ichi Life Insurance slid 5%, pacing losses in financials.
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Tue, 05 Mar 2013 11:25:04 GMT

Estonia's industrial production gains in January

Industrial production in Estonia accelerated in the month of January due to increase of manufacturing and electronic products output, the Statistic Estonia reported on Tuesday. Year-on-year, Estonia's industrial output added 5.5%, when manufacturing output grew 4.2% and energy production was up 17.2%, however mining output recorded loss of 3.4%.

Tue, 05 Mar 2013 11:03:03 GMT

Dow closes at its five-year high

Wall Street was green on Monday, with the Dow Jones Industrial Average reaching its highest since 2007, as Federal Reserve will continue boosting the economy with its stimulus measures offsetting concerns about the Chinese economy. The Dow Jones Industrial Average rallied 0.3% to 14,127.82, its highest in five years. All but one group in the gauge inched higher. Wal-Mart

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