Nikkei up after two days of losses

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Source: Dukascopy Bank SA
Japanese stocks rallied snapping a two-day streak of losses, sending the Nikkei 225 Stock Average index higher on rising optimism among investors prior to confirmation of a new leadership team for the BOJ. The lower house of parliament endorsed Kikuo Iwata and Hiroshi Nakaso for deputy governor posts. The Nikkei 225 Index climbed 1.2% to close at 12,381.19, extending this year's surge to 19%. Real estate companies lifted financials for the biggest rally in the gauge. Tokyo Dome Corporation that operates an air dome-type baseball stadium jumped 13.5% to 458 yen outperforming all the other blue chip companies. Furthermore, the real estate company Tokyo Tatemono Co followed with a nearly 10% rise, as property stocks were boosted on speculation monetary easing would push higher the asset prices. Marui Group Co Ltd that operates a department store surged 6.1% to 912 yen, adding to gains in consumer services shares that posted the second biggest increase of 2.1% on the Nikkei. On the downside, Sumco Corp. slid 4.2% to cap gains in tech shares.

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Thu, 14 Mar 2013 14:04:10 GMT

S&P 500 up on Wednesday amid retail sales data

U.S. equities edged higher on rising optimism about the world's largest economy's outlook, as retail sales data topped the analyst estimates. The S&P 500 Index rallied 0.1%, to 1,554.52 by its close. Five out of ten sectors included in the index posted gains. Among best-performing companies was Netflix with a 5.6% rally to end at $192.36 after the online video

Fri, 15 Mar 2013 08:45:10 GMT

U.S. 10-year notes were little changed at 2.02% on Wednesday

U.S. Treasuries erased losses after an auction of 10-year note yields close to the highest level in an eleven-month period bolstering demand of $21 billion of the securities. The notes recorded a yield of 2.029 % compared to preliminary estimated 2.057%, while the benchmark 10-year notes yield was little changed at 2.02% following an increase to a 2.05% earlier on

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