Asian stocks advance on U.S. budget optimism and amid BOJ stimulus bets

Source: Bloomberg
© Scanpix/Reuters
Asian shares rose, with the regional benchmark index poised for the highest close since 2011, on optimism U.S.  officials will reach a budget compromise and the BOJ will expand stimulus. The MSCI Asia Pacific Index advanced as much as 1% to 129.12 at 1:55 p.m. Tokyo time. Japan's Nikkei 225 Stock Average gained 1.7% to 10,091.40, the highest since April. Hong Kong's Hang Seng Index added 0.7% , whereas China's Shanghai Composite Index lost 0.2%.
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Wed, 19 Dec 2012 08:41:13 GMT

Standard & Poor's raises Greece's credit rating

Rating agency Standard & Poor's raised Greece's credit rating on Tuesday by six notches from ‘selective default' to ‘B-‘, praising a successful completion of the debt buyback programme and European leaders' decision to release bailout funds to Greece. The rating agency cut Greek ratings to ‘SD' on December 5, as the government encourage private bondholders to take part in the

Wed, 19 Dec 2012 07:27:16 GMT

Aussie weakens on concern Australia's economy slows

The Australian Dollar fell for a third straight day versus the U.S. Dollar amid concern the South Pacific country's economy is slowing. The Aussie weakened as much as 0.2% to $1.0515 at 4:11 p.m. Sydney time, having declining 0.3% in the previous 2 days. The currency lost 0.1% to 88.62 yen. The New Zealand Dollar slid 0.3% to 83.94 U.S.

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