Japanese shares plummet ahead of G20 meeting

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Japanese shares were bearish on Friday as investors shunned riskier assets ahead of a G20 meeting scheduled to start on Friday. Moreover, market players were cautious after Japanese PM Shinzo Abe said he is close to naming a new governor of the BoJ. The data released on Thursday, showing a larger-than-expected contraction in the Eurozone's GDP, also dampened the market sentiment. The Nikkei 225 Index tumbled 1.18% to end the week at 11,173.83. Only two in ten industries advanced. The only gainers were oil and gas and utility industries. Showa Shell Sekiyu KK jumped 13.27%, the largest gain in Nikkei stock average, on speculation over potential cut in the OPEC's output this month. Among utilities, Tokyo Electric Power and Kansai Electric Power rallied 4.35% and 3.62%. On the downside were financials and basic materials. Aozora Bank and Chiba Bank slumped 2.97% and 0.86%, while Denki Kagaku Kogyo KK and Dowa Holdings plunged 2.37% and 1.54%.
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Fri, 15 Feb 2013 13:56:04 GMT

Norway may use rate cuts to cool Krone

The Norwegian Krone slipped by 0.6% against Euro and 1.4% versus U.S. Dollar as Governor Oeystein Olsen said that Norges Bank might cut the key interest rate to ease the Krone gains. The Krone gets too strong and pushes inflation down, what is negative for the domestic economy, thus the central bank is ready to lower rates to ease the excessive Krone gains and

Fri, 15 Feb 2013 13:45:03 GMT

European equity is little changed

The Stoxx Europe 600 Index was lower by less than 0.1% to 287.61 points in early London trading session on Friday. The gauge is ahead to set a 0.1% weekly gain. Market performance is mixed after earning announcements, as PPR SA reported better than expected profit and stock advanced more than 4% and Aker Solutions ASA was lower by 7.1%

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