Asian stocks climb after Japanese exporters rally amid weak Yen

Source: Bloomberg
© Scanpix/Reuters
Asian stocks advanced following Japanese exporters after the Japanese currency fell to the lowest in four years versus the greenback and stimulus policies of the Bank of Japan remained unopposed at G-20 meeting. The MSCI Asia Pacific Index added 0.6% to 137.11, the Nikkei 225 Stock Average rose 1.9%, Australia's S&P/ASX 200 Index advanced 0.7%, while New Zealand's NZX 50 Index gained 0.9%. In addition, South Korea's Kospi Index added 1%, while Taiwan's Taiex Index climbed 0.5% and Hong Kong's Hang Seng Index rose 0.1%.
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Mon, 22 Apr 2013 13:46:04 GMT

Money supply accelerates in Switzerland

The Swiss National Bank reported on Monday that the country's money supply increase accelerated for the second consecutive month. Year-over-year, M3 money supply grew at a rate of 9.9%, compared to an increase of 9.8% in February. M2 added 10.7% compared to a growth of 10.4% in the preceding month.

Mon, 22 Apr 2013 12:07:03 GMT

European stocks climbed amid Italian president election and BOJ stimulus

European stocks advanced, recovering from the biggest drop in five months, after Italy elected new president and the G-20 stopped opposing stimulus policies of the Bank of Japan. Moreover, Asian shares and U.S. index futures accelerated. The Stoxx Europe 600 Index rose 0.8% to 287.57, Italy's FTSE MIB Index gained 2.3%, while Standard & Poor's 500 Index contracts climbed 0.5%

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