Asian stock markets reflected color - January 28, 2010
Optimism seems to return, according to the green that dominates in all the places in Asia on Thursday. In Japan, the Nikkei, which yesterday had touched his lowest level in 5 weeks (-0.71%) opened in the green (0.56%) and strengthened its position in this direction in mid – meeting. He ended the session on a strong growth of 1.58% to 10,414.29. The broader TOPIX, gaining 0.73% to 914.32 points.
This rebound is in the wake of Wall Street. The day before the U.S. financial markets finished the session on a positive note, 0.41% at 10,236 points. The meeting had started yet at equilibrium (0.01%) before plunging into the red to the publication of statistics on disappointing U.S. housing (the new home sales are sales fell by 7.6% In December, the lowest since March).But the long-awaited findings of the Monetary Policy Committee of the Fed have given balm to the hearts. The Fed decided in fact to maintain its historically low interest rates, arguing that economic recovery is not strong enough to overcome them.
This morning in Asia, the speech of Barack Obama after market before Congress was relieved. This has highlighted the support to economic activity without announcing new initiatives in banking regulation, which has relieved investors.
In Davos, the words of Nicolas Sarkozy on the need for regulation of global financial system did not disturb investors paydayloans .
Canon and Sony in stars to the Tokyo Stock Exchange
Japanese markets were also supported by expectations of Canon (+1.8%) table for 2010 that the first increase its annual profit in three years.Sony has also pulled the index up (+4.93%) after a newspaper article that the group will publish a quarterly operating profit above consensus.
Now, from Asia, all eyes turn to the applications weekly unemployment benefits to be published by the United States at 14:30, at the same time that orders for durable goods in December.
Green invaded other Asian stock markets
Elsewhere in the region, same atmosphere. In Shanghai, the Shanghai Composite gained 0.31% to 2995 points. In South Korea, the KOSDAQ index jumped 1.47% to 3481 points
In Australia, the S & P / ASX 200 gained 0.62% to 4673 points.
The Stock Exchange of Hong Kong, which also opened up, takes 1.81% to 20,396 points.
Oil prices drop
Note that crude prices were higher in Asian trade after a substantial decline from yesterday.The barrel of light sweet crude for March delivery took 11 cents to 73.78 dollars, while that of Brent North Sea at the same maturity, gained 14 cents to 72.78 dollars.