Japan's Nikkei 225 recovers

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Source: Marketwatch
© Scanpix/AFP
Japan's Nikkei Stock Average added 1.56% on Monday trade partly recovering from last week losses. Index closed at 8,287.49 or 127.48 points up as European leaders declared they have agreed on way how to finance EFSF salvage fund. Commodity sector companies and banks were the major gainers in Japanese markets. Nomura Holdings Inc. surged 4.4%, JX Holdings Inc. gained 3.1% whereas Sumitomo Metal Industries Inc. jumped 4.1%. Japan's main exporters also experienced retrieval: Sony Corp. added 2.3% and Toshiba Corp. rallied 4.6%.

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Mon, 28 Nov 2011 14:49:53 GMT

FTSE 100 rebounds first time since November 11

FTSE 100 surged after weekend reports suggesting that EU officials have made progress in taming region's debt crisis. The index is experiencing the first rebound since November 11. At the moment of writing FTSE 100 is 2.3% up at 5,283.48. Similar to Asia, banks and mining companies contributed positively to the index. Lloyds Banking Group PLC edged up 5.0% while shares of Antofagasta PLC increased 4.3%

Mon, 28 Nov 2011 14:52:31 GMT

Silver and Copper gain on weaker dollar

Silver and Copper futures increased on the Comex division of the New York Mercantile Exchange showing a positive correlation with the gold futures that increased on the weaker USD against Euro. Silver for March delivery surged by 2.95% to USD 32.01 a troy ounce while copper futures for March delivery gained 3% to USD 3.382 a pound.

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