US stocks surge on easing global economi

01-Jun 2011 Wednesday 1:52 AM (4716 days ago)

Gold Member

Posts: 45404
Liked By: 38818
Joined: 25 Aug 06

Tipsters
Championship:
Player has
not started

US stocks surge on easing global economic worries

31 May 2011 22:09

NEW YORK - US stocks leaped upwards on Tuesday amid rising hopes for a solution to Greece's debt crisis and signs of recovery in post-quake Japan.

Stocks were off to a sharply positive start of the holiday-shortened week.

US financial markets were closed Monday for Memorial Day.

The Dow Jones Industrial Average points jumped 122.15 points (0.98 per cent) to 12,563.74 in the first five minutes of trade.

The S&P 500-stock index, a broader measure of the markets, advanced 12.80 points (0.96 per cent) to 1,343.90, while the tech-heavy Nasdaq Composite climbed 29.32 points (1.05 per cent) to 2,826.18.

'The catalysts for the positive disposition include news that industrial production picked up in Japan in April and is expected to accelerate further, and word that eurozone officials are working out details of a new loan package for Greece,' said Patrick O'Hare at Briefing.com.

Eurozone junior finance ministers will meet on Wednesday in Vienna to discuss Greece's debt problems, including the possibility of fresh aid, a European source told AFP on Tuesday.

Investors appeared unfazed by the latest data on the long-depressed US housing market.

The S&P/Case-Shiller index showed home pries fell for the ninth straight month in March, by 3.6 per cent from a year earlier.

Wall Street stocks closed modestly higher on Friday but the week ended lower for the fourth week running.

The Dow rose 0.31 per cent, the S&P 500 added 0.41 per cent and the Nasdaq gained 0.50 per cent. -- AFP

Source: Business Times Breaking News

AsianBookie Tipsters Championship
Member of Team:
ღ Miracle Simple Win ღ
(Est. Sep 2015)
Team Ranked: #2 - Team Score (Top 50 Members): AB$ 83,353,437 Total Members: 2628

Like

ai-yo-yo

02-Jun 2011 Thursday 1:15 PM (4715 days ago)

Gold Member

Posts: 45404
Liked By: 38818
Joined: 25 Aug 06

Tipsters
Championship:
Player has
not started

Prospects For Japan's Stock Market, Post Quake
By Vikram Khanna

March 11, 2011 will probably remain etched forever in the Japanese consciousness. The earthquake and tsunami that ravaged northeastern Japan on that date is one of those cataclysmic events that will make people talk about "pre-quake" and "post-quake" Japan.

One of the big questions investors are asking these days is whether this will also hold true for the Japanese stock market. Will the disaster, which Japan's Prime Minister Naoto Kan has described as the worst the nation has suffered since world war two, be a defining moment, a game changer for Japan? Does it make sense to think of an "post-quake" Japanese stock market?

The Japanese economy has been either in recession or flirting with it for the better part of 20 years. The country's nominal GDP is about the same as it was in 1992. The Japanese stock market has not fared much better. It peaked on December 29, 1989, when it closed at 38,915 and has never come close to that level for the subsequent 21 years. There have been occasional rallies - for example, from 2003 to late 2007, but the long term trend has been more down than up.

Over the last two decades, the standout performers on the Japanese stock market have been mostly niche players - a handful of internet and social networking companies, for example, or relatively small firms. Most of the so-called blue chips such as the banks, brokers, carmakers, retailers, electronics manufacturers - the big brand-name companies like Toyota, Sony, Sharp and Sanyo - have underperformed, and the prices of many are are today a fraction of what they were twenty years ago.

The question is, will Japan's latest disaster be a turning point? What catalytic effects could it have that might impact the market, and how?

It is tempting to compare the Sendai quake with that which occurred in Kobe in January 1995. After the Kobe quake, the Japanese market was hit hard, falling by about 25 percent by July 1995. However, by year-end it had surpassed its pre-quake level. In short, the the Kobe quake did not appear to do lasting damage to Japan's stock market.

There are however important differences between the Kobe and Sendai disasters.

AsianBookie Tipsters Championship
Member of Team:
ღ Miracle Simple Win ღ
(Est. Sep 2015)
Team Ranked: #2 - Team Score (Top 50 Members): AB$ 83,353,437 Total Members: 2628

Like

ai-yo-yo

02-Jun 2011 Thursday 1:17 PM (4715 days ago)

Gold Member

Posts: 45404
Liked By: 38818
Joined: 25 Aug 06

Tipsters
Championship:
Player has
not started

Prospects For Japan's Stock Market, Post Quake
By Vikram Khanna

AsianBookie Tipsters Championship
Member of Team:
ღ Miracle Simple Win ღ
(Est. Sep 2015)
Team Ranked: #2 - Team Score (Top 50 Members): AB$ 83,353,437 Total Members: 2628

Like

ai-yo-yo

02-Jun 2011 Thursday 1:22 PM (4715 days ago)

Gold Member

Posts: 45404
Liked By: 38818
Joined: 25 Aug 06

Tipsters
Championship:
Player has
not started

Japan's Kan hints at resignation after handling disaster

02 Jun 2011 11:57

TOKYO - Japanese Prime Minister Naoto Kan hinted on Thursday that he may step down after handling issues related to the disaster wreaked by the March 11 earthquake and tsunami and the subsequent nuclear crisis.

'I would like the younger generation to take over various responsibilities once I fulfill certain roles that I need to do as I work on handling the disaster,' Mr Kan told members of his Democratic Party of Japan.

The embattled prime minister is facing a vote of no confidence in parliament from opposition parties, and many of his own party members are expected to back the motion. -- REUTERS

Source: Business Times Breaking News

AsianBookie Tipsters Championship
Member of Team:
ღ Miracle Simple Win ღ
(Est. Sep 2015)
Team Ranked: #2 - Team Score (Top 50 Members): AB$ 83,353,437 Total Members: 2628

Like

ai-yo-yo