Nikkei 225

Source: Dukascopy Bank SA
© Dukascopy Bank SA
Japanese shares advanced sending up the Nikkei 225 Stock Average. The index surged to the highest level in 21 months and reached its best annual gain 5 years, as weakening yen has boosted up exporters. Investors became very optimistic as Prime Minister Shinzo Abe pushed for strong monetary stimulus. The prime minister has called on the BOJ to set a 2% inflation target and to severely ease the policy to fight deflation.The Nikkei gained 0.7% to 10,395.18 on Friday. Six out of ten groups in the benchmark index edged higher. Utilities group paired the biggest losses, by slumping 1.69%. Contraction in the latter was driven by tumbling shares of Tokyo Electric Power and Kansai Electric Power that were 6.36% and 4.73% down. Telecommunications group was the second worst performer in the gauge by losing 0.70%. Meanwhile, the glassmaker Nippon Electric Glass Co slid 4.13% after the company downgraded its earning forecast for the nine-month period throughout December. Alongside to that, consumer services rallied 1.76%, followed by basic materials and consumer goods by increasing 1.19% and 0.81%, respectively.Yokohama Rubber advanced 5.26%, as the tire manufacturing company announced management changes coming into effect in the year 2013. In addition,Tokuyama Corporation, a manufacturer of chemicals, was the best performing company in the benchmark by jumping 8%.
© Dukascopy Bank SA
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Fri, 28 Dec 2012 17:30:37 GMT

Hang Seng

Hong Kong equities reached their highest level in eighteen months as investors switched to Chinese non-financial sectors right after Beijing raised optimism on quicker sector reforms. The Hang Seng index advanced 0.2% to 22,666.59. All but one group in the index edged higher with consumer goods advancing the most by 0.75%, followed by technology and utilities that gained 0.57% and

Fri, 28 Dec 2012 17:08:37 GMT

Dow Jones

U.S. equities dropped for a fourth day on Thursday, yet recovering their earlier losses, after the House of Representatives announced it would meet this weekend to finally agree on the next year's budget. Investors search for any hint that would indicate that the "fiscal cliff" would be averted. Equities in the basic materials and financial sectors declined the most b

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