Nikkei extends gains on Wednesday

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Source: Dukascopy Bank
Japan's Nikkei Stock Average climbed on Wednesday, lifted by unexpected surge in German investor confidence and extending gains from China's GDP announcement. Nikkei 225 Index advanced 0.99% or 84.18 points and finished at 8,550.58 led by Tokyo Electric Power Co. which rocketed 7.8%, after the company said it will increase electricity prices for corporate clients in April. On the downside were Japanese carmakers. After successful previous session Mazda Motor Corp. lost 2.4% and Suzuki Motor Corp. dropped 1.3%.

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Wed, 18 Jan 2012 11:08:31 GMT

ASML predicts more chip equipment orders

ASML Holdings, the largest semiconductor equipment producer expects orders to increase in the first three months this year compared to 4th quarter last year as technology producers boost the capacity for smart phones and tablets. ASML claimed their clients are demanding more advanced chips to provide crucial capacity for their products. ASML shares rallied on announcement the company predicts the revenue totalling

Wed, 18 Jan 2012 10:24:45 GMT

European shares open lower on World Bank announcement

European equity markets started lower on Wednesday after World Bank cut global growth forecast for 2012. World Bank reduced its growth expectations this year from 3.6% estimated in June to 2.5%. Stoxx Europe 600 Index lost 0.5% and UK FTSE 100 Index dropped 0.4%. French CAC 40 Index and German DAX each fell 0.3%. 

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