Nikkei up as BOJ announces a new stimulus program to boost the economy

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Source: Dukascopy Bank SA
Japanese equities surged on Friday amid the Bank of Japan's announcement about its new stimulus programme to end a two-decade deflation of the economy. The BOJ plans to double the monetary base in the next two years. The Nikkei 225 added 1.6%, or 199.10 points, to 12,833.64, reaching its highest value since September 2008. 138 out of 225 companies included in the gauge posted gains. Tokyo Tatemono Co Ltd jumped 21.2% to 857 yen, the highest in 4 years, as the developer's share rating was upgraded to outperform at Credit Suisse. Sumitomo Mitsui Trust Holdings Inc rose 16.7% to 531 yen, leading gains in the financial sector that increased 9.4%. Tokyu Land Corp followed with a 16% climb to close at 1,086 yen. Meanwhile, oil and gas was the only sector that traded in the red zone and plunged 1%. Nippon Paper Industries Co Ltd lost 10% to 1,206 yen, capping further rally in industrial sector. T&D Holdings Inc retreated 8.7% to 938 yen. Sony Financial Holdings Inc followed with an 8% decline to finish at 1,194 yen.

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Fri, 05 Apr 2013 11:36:23 GMT

Dow advances on expectations for more stimulus programs

U.S. blue chips advanced on Thursday, as central banks started talks on new stimulus programs to boost the economic growth. The Dow Jones Index rose 0.4% to 14,606.11 points, despite disappointing data on the U.S. economy. Eight out nine sectors in the index increased with telecommunications and financials adding 1.1% and 0.9% for the two biggest increases on Dow. 24

Fri, 05 Apr 2013 08:25:10 GMT

Sugar rose as more cane may be used for ethanol production

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