07/02/2014 09:52 AST

A leading indicator of the Japanese economy increased for the fourth successive month in December, and exceeded economists forecast, latest data revealed Friday.

The leading economic index increased to 112.1 in December from 111 in November, marking the fourth consecutive rise, the Cabinet Office said. Economists were looking for a reading of 111.9.

The agency noted that the coincident index, a measure of the current economic situation, moved up to 111.7 in December from 110.7 a month earlier.

At the same time, the lagging index, which gauges the past performance of the Japanese economy, advanced to 115.1 from 114.1 in November.

RTT News

Ticker Price Volume
QNBK 124.80 275,932
SABIC 100.01 2,889,924
TAWUNIYA 92.21 115,275
EEC 17.21 992,484
ALMARAI 70.11 661,940
ALINMA 17.73 19,061,890
WALAA 26.57 54,241
Index Closing Change
NIKKEI 225 20,397.58 101.13 (0.49%)
DAX 12,594.81 2.46 (0.01%)
S&P 500 2,496.66 -5.56 (-0.22%)
Asian shares climb as investors track German


Japan's Nikkei 225 rose 0.59 percent in early trade as automakers and most financials notched gains. Across the Korean Strait, the Kospi edged up 0.07 percent to break a four-day losing streak.

Money Central

UK negotiator dismisses reports of $54bn Brexit bill


Brexit negotiator David Davis on Sunday dismissed a report that Britain was prepared to pay a £40 billion ($54 billion) divorce bill on leaving the EU. The Times quoted a “Brussels source” in their

Arab News

Meezan Bank retains top position as the ‘Best Islamic Bank’ in Pakista


Meezan Bank, Pakistan’s first and largest Islamic bank, has been awarded ‘Best Islamic Bank’ at the second Pakistan Banking Awards, 2017, the highest accolade in Pakistan’s banking sector, that recog

Pakistan Observer

Algeria Turns to Islamic Banking to Resolve its Financial Crisis


Algeria will introduce Islamic financial services before 2018 as a way to cope with its financial crisis, announced Prime Minister Ahmed Ouyahia on Thursday.

The services will be available

Asharq Al-Awsat

Asia markets turn bearish again


Asian markets turned lower yesterday as investors cashed in at the end of a mostly positive week while the dollar weakened against its main peers with analysts questioning the chances of a third US i