Japanese stocks up as nominees to lead central bank approved

Source: Dukascopy Bank SA
© scanpix/reuters
Japanese equities edged higher, sending the Nikkei 225 Stock Average to its highest level in more than four years on growing optimism about the outlook for the world's largest economy, as jobless claims dropped unexpectedly, and Japanese upper house approved the two nominees to lead the central bank. The Nikkei 225 Index rose 1.5% to 12,560.95, its 4-year record high. All sectors in the benchmark index advanced. Tokyo Dome Corporation extended gains for a second day, as its shares jumped 15.1% to 527 yen after the operator of open-air stadium said its profit rallied tenfold. Sony Corporation lifted technology shares that were 1% higher, as it rose 11% after Daiwa Securities Group gave its recommendation to buy the stock. Another market leader was Toyobo Co, a manufacturer of natural synthetic fibers, with a 9% surge to close at 181 yen. On the downside, Taiheiyo Cement that slipped 3% to 224 yen.

Back to articles

Actual Topics

Fri, 15 Mar 2013 15:37:09 GMT

Spain's public debt hits record high in 2012

Public debt of Spain's economy recorded its historical high at the end of 2012 mainly due to more requirements for federal and autonomous funds. Spain's public debt reached 84.1% of the country's gross domestic product in 2012 compared to 69.3% in 2011, while the ceiling set by the EU is 60%. However, the EU was expecting the debt to grow

Fri, 15 Mar 2013 12:12:06 GMT

Eurozone inflation drops to 1.8% in February

Inflation in the Eurozone dropped in the month of February mainly due to a decrease of prices in telecommunication, medical and paramedical services, the statistical office of the EU reported on Friday. Year-on-year, the 17-nation bloc inflation declined from 2.0% in January to 1.8% the following month, while the whole European Union annual inflation went down from 2.1% in January

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.