Nikkei 225 settles 0.6% up, commodity shares rebounds

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Source: Dukascopy Bank SA
Japan's Nikkei Stock Average climbed on Wednesday after nation's machinery orders surpassed estimates. Moreover ECB approved a plan to guarantee deposits. Nikkei 225 added 0.6% or 51.12 points and closed at 8,587.84. Canon weakened  1.1% as Credit Suisse reduced its price target for the equities.  Commodity linked shares rose on optimism for possible stimulus.  Kobe Steel climbed 2.2% and Toho Zinc ascended 2.1%. Heavyweight Fast Retailing gained 1.8%. 

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Wed, 13 Jun 2012 11:05:41 GMT

China's growth may slid below 7% in Q2

China's economic expansion may fall below 7% in Q2 in case economic weakness persists in June, said Zheng Xinli, government's adviser.  If the situational starts to improve, the GDP growth is likely to attain the lowest expansion pace in Q2, reported Jia Kang, head of the Finance Ministry. Meanwhile, according to Reuter's survey, China's economy is expected to grow by

Wed, 13 Jun 2012 17:39:42 GMT

South Korea's unemployment drops to 3.2%

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