Nikkei 225 rallies 1.5% on US optimism

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Source: Dukascopy Bank
Japan's Nikkei Stock Average appreciated sharply on Wednesday, reaching record high since July 2011, following the rally in US markets. Nikkei 225 index advanced 1.53% or 151.44 points and settled at 10,050.52. Exporters surged after Yen fell to a one-year low against greenback. Sony jumped 5.2% and Toyota gained 2% while Nissan added 3.8%. Equities in Yahoo Japan soared 1% and Softbank Corp edged up 0.8% on news they plan to jointly produce smart-phones and related services. 
 

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Wed, 14 Mar 2012 11:26:05 GMT

UK unemployment claims climbed more than predicted in February

The number of UK unemployment claims surged more than expected in February and the jobless rate remained at 16-year record high. Jobless claims advanced by 7200 to 1.612 million reported the National Statistics Office on Wednesday. Economists questioned by Bloomberg expected the applications for jobless benefits to increase by 5000. The unemployment rate remained unchanged at 8.4%.

Wed, 14 Mar 2012 11:04:18 GMT

Dow Jones Industrial Average jumps 1.7% led by JP Morgan

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