Japan's shippers, steelmakers and
automakers made strong showings as the Nikkei share average rose
on Friday in a rally built on short-covering triggered by
comments from the European Central Bank's chief that supported a
euro.
Exporters such as Mazda Motor Co, which leapt 5.7
percent, were boosted as the yen eased against the euro after
ECB President Mario Draghi said that the bank would do whatever
it could to save the euro, sparking hopes that it could take
drastic action at its policy meeting next week.
Earlier in the week the euro fell to a 11-1/2 year low
against the yen.
The Nikkei rose 1.5 percent to 8,566.64, stepping
back above its 5-day moving average but still well short of its
14-day moving average at 8,669.21.
Services and Insurance Sectors Push DFM Index Higher
The DFM General Index inched up to reach at 2,323.34 points on Wednesday 22nd May 2013.The index spending most of the session in the green zone added 3.99 points or 0.17 percent.
Market Cap
Key Sectors Turn QE Index Green
The QE Index continued pacing its way higher throughout the day to close its trading in the green territory at 9,085.9 on Wednesday 22nd May 2013, achieving 0.54 percent or 48.95 points for the sessi
ADX Index Dips but Volume Improves
The ADX General Index spending most of the session below the break – even line closed in the red at 3,503.38 points on Wednesday 22nd May 2013. The index trimmed 6.26 points or 0.18 percent for the e
Bonds seen consolidating after recent rally; lack of OMO hurts
Government bonds fell for a second consecutive session on Wednesday, continuing to retreat from a recent rally as the Reserve Bank of India has yet to announce bond purchases that had been widely exp