Nikkei 225 index plunges on French election results

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Source: Dukascopy Bank
Japan's Nikkei Stock Average tumbled sharply on Monday as French socialist leader Francois Hollande was elected President, adding to fears austerity measures would face resistance in Europe. Nikkei 225 lost 2.78% or 261.11 points and closed at 9,119.14. Export shares fell on worries depreciating Euro may curb the value of Japanese trading in the region. Sony fell 4.5% and Sharp plunged 5.8%. Honda Motor plunged 5.6% while Konami posted the biggest drop for the Nikkei index giving up 17.6%. 

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Mon, 07 May 2012 13:50:02 GMT

Silver climbed on increased ETF buying

Precious metals were mixed on Friday amid broadly stronger US Dollar despite disappointing US labour market data. Meanwhile, traders were cautious ahead of key elections in Greece and France. Gold rallied as dismal US job data revived hopes for more accommodative policies from the Fed.Silver was the top-gainer despite slump of the global equities and weak services sector performance in

Mon, 07 May 2012 07:50:02 GMT

Australian retail sales increased more than expected in April

Australian retail sales surged more than expected in April, according to Australian Bureau of Statistics. Retail sales in the country soared by 0.9% on a seasonally adjusted basis as compared to a 0.3% increase in March. Experts predicted the retail sales to appreciate by 0.2% in April.  After the data release, the Australian Dollar was lower against its US counterpart

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