Japanese equities advanced on positive data

Source: Dukascopy Bank SA
Japanese shares were bullish on Thursday after preliminary industrial production showed an increase of 2.5%, compared to a forecast of 4.2%. Despite being weaker than forecast, the figure indicates a rebound in industrial production. However, weaker than expected data from the national housing market coupled with dismal US GDP reading weighed on Japanese stocks. The Nikkei 225 Index gained 0.22% to close at 11,138.66. Eight sectors finished in positive area. The top-performers were telecommunications and utilities, with Chubu Electric Power and KDDI advancing 1.05% and 1.04%. In the meantime, brokerages jumped on hopes for better-than-expected earnings. Nomura Holdings and Daiwa Securities Group climbed 2.14% and 4.73%. After the bell, Nomura Holdings posted a sharp increase in profits. In the last quarter of 2012, the company's net income skyrocketed to JPY20.1, compared with JPY2.81 in Q3.
Back to articles

Actual Topics

Thu, 31 Jan 2013 17:28:03 GMT

Hong Kong stocks drop, retailers lead losses

Chinese stocks ended lower on Thursday amid more than 10 profit warnings posted by Hong Kong companies overnight. Property developers also dragged the stock index lower on speculation that Beijing may impose a real estate tax in the first half of the year. China's stocks were further weakened by disappointing US GDP reading that signaled the US economy still faces

Thu, 31 Jan 2013 16:39:59 GMT

UK housing prices increase in January

Housing prices in the U.K. advanced in the month of January together with a pick up of lending activity caused by lowed mortgage rates, the Nationwide reported on Thursday. The report showed that a typical house price increased by 0.5% and the Nationwide Housing Price Index rose from 327.5 in December to 329.1 in January, while annual change of the

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.