Nikkei at 33-month high, consumer electronics led gains

Source: Dukascopy Bank SA
Japanese stocks soared on Monday on surging consumer electronics companies. Moreover, strong Friday's performance of the Wall Street as well as upbeat US data spurred rally of Japanese equities. The Nikkei 225 Index climbed 0.62% to hit fresh 33-month high of 11,260.35. Seven out of ten industries within the index jumped. The top-performers were financials and consumer goods. Among lenders, Mizuho Financial Group Inc. and Sumitomo Mitsui Financial Group Inc. added 4.90% and 5.60%. Panasonic and Sharp led gains among consumer goods, advancing 16.89% and 4.47%. Panasonic swung to Q3 profit of JPY61.4 billion from a loss of JPY197.6 billion in the same period in 2011. At the same time, Sharp posted narrower quarterly loss last week. Sony Corp. climbed 7.53% on hopes the firm will unveil upbeat results on Thursday. The top-performer was Toyobo, rallying 34.35%. Dragging the Japanese blue chips index lower, utilities retreated 0.70%, with Tokyo Gas plunging 1.16%.
Back to articles

Actual Topics

Mon, 04 Feb 2013 17:06:46 GMT

British construction PMI held at December's 6-month low

Construction output in the U.K. missed economists' projections, as declined again in the month of January, recording the lowest figure since June 2012, the Markit survey showed on Monday. The Markit/CIPS Construction Purchasing Managers' Index stayed unchanged in January from the month before, when it slipped to a six-month low at 48.7 compared to forecast of 49.1."January's survey results are

Mon, 04 Feb 2013 17:39:04 GMT

Dow went up on upbeat data

US blue chips jumped on Friday on upbeat US data. Despite being slightly worse than expected, US manufacturing PMI and labour market data signalled US economy is improving. Meanwhile, the Fed's decision to leave its loose monetary policy continued to lend support to riskier assets. The Dow Jones Industrial Average Index soared 1.08% to close above 14,000 at 14,009.79. All

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.