Nikkei advances for a sixth consecutive day

Source: Dukascopy Bank SA
Japanese equities advanced, sending the Nikkei 225 to cap its sixth straight day of gains, as report showed the U.S. job market is reviving. In addition, the Bank of Japan held-off more quantitative easing. The Nikkei 225 Index rose 0.3% to close at 11,968.08 after earlier surging as much as 1.2%.  Five out of ten groups advanced. GS Yuasa Corporation, a battery supplier for Boeing Corp., jumped 9% on speculation U.S. authorities might allow the Dreamliner 787 flight tests, as the problem with batteries has been fixed. The company led gains in the industrials group that was 0.5% higher.  Furthermore, Olympus Corporation shares rose 5.5%, as Nikkei newspaper reported about the company's plans to bring down its debt by 100 billion yen. Tosoh Corporation was the third best performing blue chip company, capping losses in basic materials sector that erased 0.4%. Sharp Corporation paired biggest drop of 8% to close at 314 yen.

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Thu, 07 Mar 2013 16:50:06 GMT

Hong Kong equities retreat on Thursday

Hong Kong stocks closed flat on Thursday, halting their gains over the last two days, as financial blue chips extended their losses. The Hang Seng Index slipped 0.4% to22,682.57. Five out of nine groups in the benchmark index declined. Belle International, a footwear retailer, topped losses among all blue chip companies, as it slumped 3% to HK$14.94 and dragged down

Thu, 07 Mar 2013 15:51:05 GMT

Swiss central bank spends $199 billion in 2012 on foreign currencies

The Swiss National Bank (SNB) spent nearly a third of the country's gross domestic product, 188 billion francs ($199 billion), in 2012 in order to enforce the currency cap to protect the economy, the bank showed in its Accountability Report on Thursday. The Swiss central bank's decision to maintain the floor of 1.20 francs per euro has helped the country

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