Nikkei 225 recovers on China stimulus

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Japan's Nikkei Stock Average pared losses on Tuesday session as Chinese government approved measures to boost consumer spending. Nikkei 225 index climbed 0.74% or 63.93 points and closed at 8,657.08. Construction machinery producer Komatsu gained 2.8%. Japanese biggest shipping line Nippon Yusen rallied 4.4% after Credit Suisse upgraded its stocks to outperform. On the downside electricity related companies declined. Kansai Electric power fell 2.3% and Chubu Electric Power dropped 1.8%. 
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Tue, 29 May 2012 10:08:02 GMT

Gold continues to advance as palladium soars

Eased concerns over Greece's exit from the single currency area seemed to stimulate demand for gold and palladium, as well as other precious metals. Gold futures for June delivery added 0.4 percent to  USD 1,574.80 per ounce on NYME. The actively-traded contract for August delivery climbed 0.4% to USD 1,577.40 per ounce of gold. These gains follow a loss of 1.4 percent last week. July

Tue, 29 May 2012 08:46:01 GMT

Aussie and Kiwi depreciates ahead of European confidence data

The New Zealand and Australian Dollars weakened against their US peer on Tuesday on worries that European financial uncertainty is curbing region's growth. Aussie and Kiwi declined 0.3% against greenback to USD 0.9827 and USD 0.7598 respectively. Currently AUD/USD is trading at USD 0.9863 and NZD/USD is trading at USD 0.7618. 

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