Asia in green, except in Tokyo - March 29, 2010
After opening down 0.79%, the Nikkei 225 Japanese retreat, an hour of this closed Monday, 0.2%, to 10,974 points.
Pout, retail sales in Japan rose 4.2% yoy in February, confirming a rebound in consumption in the islands after months of stagnation, said Monday the Ministry of Economy, Trade and Industry (METI). It is the second consecutive month (+2.6% in January), after seventeen months of fall.
Retail sales in February "are impressive evidence of the persistent strength of consumption, welcomed Masamichi Adachi, senior economist at JP Morgan Securities.
The Shanghai Stock Exchange in great shape
Elsewhere in Asia, green is the rendezvous.Including the establishment of Hong Kong rising 0.77% to 21,216 points to 7 hours and the CSI 300 Index of Shanghai climbing from 2.39% to 3353 points, boosted mainly by financial stocks on the bottom of anticipation of the opening, April 16 next, an index future in China.
In India, the Bombay SE 30 index wins more tentatively 0.3% to 17,698 points fast cash loans .In the Pacific, Sydney gleaning 0.08% to 4900 points all round.
Toyota saw its sales fall in Europe
Sunday, Volvo (0.1% at the close on Wall Street Friday evening) fell into the hands of rival China Geely (+2.2% in Hong Kong), which will spend $ 1.8 billion ( 1.34 billion euros), four times less than the $ 6.4 billion paid by Ford in 1999.
Shortly before the gong, Toyota (-1%) reported an increase in its global sales by 13% in February despite the 9 million vehicles recalled.
But in Europe, where it has recalled more than 1.7 million vehicle sales declined 21% in February, while the market grew by 3.2%. In two months, the decline amounted to 8.1%.
Consequently, the Onnaing plant in northern France, which produces the Yaris will undergo fourteen days of partial unemployment by 1 July, a union source.And eight days of production shutdown is also scheduled by mid-April in Britain, according to the Japanese agency Kyodo. Production will be suspended again in August and 750 jobs should be deleted.