Nikkei 225 rebounds on weaker Yen

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Source: Dukascopy Bank SA
Japan's Nikkei Stock Average started recovering from previous steep losses on Tuesday after Yen depreciated against most of country's export partner currencies, particularly US Dollar and Euro. Nikkei 225 index jumped 1.04% or 86.37 points and settled at 8,382.00. Canon Inc advanced 3.4% after the company announced it would buy back $640 million of its outstanding shares. Fast Retailing plunged 8.8% after the retailer posted a annual drop in its domestic same-store sales. 

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Tue, 05 Jun 2012 11:03:20 GMT

Australian cash rate down

The Reserve Bank of Australia decreased the cash interest rate to 3.5 percent, from 3.75 percent in an attempt to protect the economy from growing global risks. On this news the aussie added 0.34 percent, reaching 97.61 U.S. cents. S&P/ASX 200 index extended earlier gain by 1.3 percent to 4035.50. The cash rate has been already cut in May by unexpectedly-high 0.5 percent. This decrease

Tue, 05 Jun 2012 10:41:20 GMT

Dow Jones down 0.1% led by JP Morgan

Dow Jones Industrial Average kept downward trend on Monday led by drop in factory orders and JP Morgan loss report. Blue chip index shed 0.14% or 17.11 points and finished at 12,101.46. JP Morgan Chase fell 2.9% on news the lender is likely to post a 4.2 billion trading loss for the second quarter, reducing  EPS to around USD 0.65

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