Nikkei 225

Source: Dukascopy Bank SA
© Dukascopy Bank SA
Japanese equities rose on growing optimism that the U.S. Federal Reserve will add more stimulus. The Fed is about to announce QE4 to supplement the Operation Twist that is expiring soon.  The Nikkei Stock Average increased 0.6% to 9,581.46 moving closer to its highest level in eight months.

All but two sectors within the index advanced Technology sector holding the leader position by increasing 1.70%, while Financials and Consumer goods added 1.17% and 1.04%, respectively. Health care sector lost 0.59%.
Technology equities were strong today as the dollar kept its gains against the Yen at 82.50 yen, as Panasonic increased 7.21%.  Meanwhile, exporting automakers also gained, with Mitsubishi Motors adding 10% to 87 yen on speculation the car maker's withdrawal from European production will trigger a rally in the company's annual operating profit by 15 billion yen. The best performing company was Nippon Light Metal Holdings by jumping 11.54%, whereas Astellas Pharma was the worst performing company by losing 2.42%.


© Dukascopy Bank SA

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