You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Reply #39: Nikkei at 4-wk high on Europe hopes, shippers shine [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
Home » Discuss » Latest Breaking News Donate to DU
xchrom Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-07-11 08:02 AM
Response to Reply #34
39. Nikkei at 4-wk high on Europe hopes, shippers shine
http://uk.reuters.com/article/2011/12/07/markets-japan-...

TOKYO, Dec 7 (Reuters) - The Nikkei average hit a
four-week high on Wednesday as investors warmed to the view that
European policy-makers will come up with convincing steps this
week to help resolve the region's debt crisis.

Cyclical shares such as shippers and steelmakers were also
helped in making huge gains after recent credit easing by big
emerging economies such as China and Brazil eased worries about
a sharp slowdown in the global economy.

"Optimism is growing on the euro zone. Policy-makers have
been making progress recently and the market thinks the European
Central Bank and euro-zone countries will work together on the
crisis," said Hideyuki Ishiguro, assistant manager of investment
strategy at Okasan Securities.

The benchmark Nikkei added 1.7 percent to 8,722.17,
its highest close in four weeks and ending above its 75-day
moving average for the first time since late October. Last time
it topped the average it managed to maintain that position for
less than two days.
Printer Friendly | Permalink | Reply | Top
 

Home » Discuss » Latest Breaking News Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC