Asian Stocks Climb on U.S. Economy as Yen Drops to 11-Month Low


14/03/2012 06:12 AST

Asian stocks advanced for a second day, while regional bond risk declined and the yen tumbled to an 11-month low after the Federal Reserve bolstered confidence in the U.S. financial system and raised its economic assessment.

The MSCI Asia Pacific Index (MXAP) climbed 1.1 percent as of 11:20 a.m. in Tokyo. Standard & Poor’s 500 Index futures slipped 0.1 percent after the equity gauge jumped 1.8 percent yesterday. The dollar strengthened against 15 of its 16 major peers and the yen fell 0.3 percent. Bonds yields in Japan and South Korea gained. Gold advanced 0.1 percent.

For more on this Click Here

Bloomberg
Global News
2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | News Archive
Most Viewed Companies
Ticker Price Volume
RIBL 16.14 591,522
COAST 53 1,433,290
ALALAMIYA 60.86 148,921
AMANAINSURANCE 13.12 740,916
SHAKER 39.42 287,928
DCFI 0.19 80,000
SAGRINSURANCE 30.79 582,966
Recent News

US economy grew 2.3% in Q2
WASHINGTON — The US economy picked up sharply in the second quarter, boosted by increased consumer spending and exports after a tepid first quarter, the Commerce Department reported Thursday. Gross d

Foreign firms bid for $5bn Saudi gas project
ALKHOBAR: Foreign engineering firms have submitted bids to build a gas plant in eastern Saudi Arabia for Saudi Aramco at an estimated cost of $5 billion to $6 billion, industry sources said.

SR1.56bn deal boosts Jamal Omar shares
JEDDAH: Gulf stock markets were narrowly mixed on Thursday as a series of disappointing corporate earnings reports, especially in the telecommunications sector, offset the positive impact of improvin

BisB registers 105pc rise in net income
Manama: BisB has posted an increase of 105 per cent in net income for the first six months of the year at BD8.2 million ($21.75m), compared with BD4m for the same period last year.

Net inc

BCFC net profit surges 18pc to $22.5 million
Manama: Bahrain Commercial Facilities Company (BCFC) has posted an 18 per cent rise in consolidated net profit at BD8.5 million ($22.5m) for the first half of the year, compared with BD7.2m for the s

GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend

Poll

Which of the following do you think is the best long-term investment?