Saturday, 11 August 2012
Asian stocks rose this week, with the benchmark index posting its biggest weekly gain since January, as economic data from the U.S. boosted confidence in the world’s largest economy amid speculation China will do more to support growth.
The euro posted its first weekly drop against the dollar and yen in three weeks on Friday as investors refocused on the uncertainty surrounding possible European Central Bank action to contain the debt crisis and deteriorating growth in the euro zone.
Nikkei, the U.S.-based business, owned 60 percent by GE, has not been able to tap the global markets as envisioned, while the Hitachi-controlled Japanese venture has seen a rise in international orders.
Copper prices slipped through near-term technical supports on Friday after soft Chinese trade data signaled a slowing global economy, stoking fears about industrial metal demand by the world’s largest copper consumer.
Friday, 10 August 2012
Asian shares fell on Friday as investors took stock of a four-day rally driven by optimism, yet to be borne out by action, that authorities will soon take decisive steps to ease concerns over the euro zone’s debt crisis and weak global growth.
U.S. stock index futures pointed to a slightly higher open on Wall Street on Thursday, with futures for the S&P 500 up 0.02 percent, Dow Jones futures up 0.49 percent and Nasdaq 100 futures up 0.23 percent.