2011年6月8日星期三

Euro to dollar vs high of 3 weeks, data Japan throws Nikkei (Reuters)

Singapore (Reuters) - the euro reached a maximum of three weeks against the dollar Tuesday on a report that the Germany might make concessions on the efforts made to implement a plan of the Greece rescue, while Japanese stocks rose on data suggesting the industrial activity began to recover from an earthquake of March.

The euro has increased to $1.4407, more than three weeks, supported by a report from Wall Street Journal that Germany plans to abandon its demand for a rescheduling of Greek bonds start to facilitate a new package of assistance for the heavily indebted Greece loans.

European shares were to open higher, with financial spreadbetters call FTSE 100 Britain (.)(FTSE), the DAX Germany (.)(GDAXI) and the France of the CAC 40 (.)(FCHI) to open of 0.7 to 0.8%.

The European Union wishes to write a second rescue plan for the Greece release vital loans next month and avoid the risk of default euro zone countries.

Merchant said the euro then upside target $1.45.

"The problems of the euro area appear to be decreasing for the time being." "Or put another way, the market appears to have ceased to look to them as a factor for the moment", said Teppei Ino, an analyst with the currency at the Bank of Tokyo - Mitsubishi UFJ, adding the market would focus on upcoming releases from U.S. data. Key figures, including manufacturing and ISM payroll data are due this week.

Official in China to purchase index of managers for may is scheduled for Wednesday and should weaken a little in April. An autumn surprisingly big could push investors sell risky assets, knee-jerk reaction.

In the Japan, the Nikkei average (.)(N225) 1.8% 9677.28, supported by the industrial production figures.

Although an increase of 1 percent in April production was below expectations, manufacturers strongly increased their forecast for may, predict the output would increase by 8.0% from the previous forecast of 2.7 per cent, the data from the Ministry of the economy, of trade and industry showed.

The companies expect the recovery to continue in June, a sign that they are making progress to after the earthquake of March.

"Investors exceeded the low data in April and applauded the strong outlook by purchasing future," said Tsuyoshi Segawa, strategist of fairness at Mizuho Securities."

Big winners on the Nikkei included solar energy scare enterprises, should win business following the decision of the Germany of all its nuclear reactors in 2022, a policy switch prompted by radiation from Fukushima to the Japan.

Panel-maker Sharp Corp. (6753.T) rose 2.5 percent to 759 yen equipment manufacturer and Ulvac Panel (6728.T) has also been 2.5 percent to 2,065 yen.

Index of the MSCI Asia Pacific off Japan in stocks increased by 1.3%.

The yen slipped marginally to about 81 per dollar of 80.70 after the Moody's rating agency says have placed it rating of Japan on review for a possible downgrade.

Brent crude for July delivery rose 55 cents to $115.23 per barrel, having slipped under $115 Monday, when markets were closed in Britain and the United States. Prices are down around 9% in may, falling the most since last May.

Gold ticked at $1,537.09 per ounce per 1: 25 p.m. (EDT), after closing at $1,597.95 Monday in trade greatly thinned by holidays of market to the United States and the United Kingdom.

However, one of the chief beneficiaries of worries about the safety of the currencies and other assets, set a record of $1,575.79 per ounce in early May.


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