Home

 
India Bullion iPhone Application
  Quick Links
Currency Futures Trading

MCX Strategy

Precious Metals Trading

IBCRR

Forex Brokers

Technicals

Precious Metals Trading

Economic Data

Commodity Futures Trading

Fixes

Live Forex Charts

Charts

World Gold Prices

Reports

Forex COMEX India

Contact Us

Chat

Bullion Trading Bullion Converter
 

$ Price :

 
 

Rupee :

 
 

Price in RS :

 
 
Specification
  More Links
Forex NCDEX India

Contracts

Live Gold Prices

Price Quotes

Gold Bullion Trading

Research

Forex MCX India

Partnerships

Gold Commodities

Holidays

Forex Currency Trading

Libor

Indian Currency

Advertisement

 
WS: Japan stocks edge lower ahead of Federal Reserve, Bank of Japan
 
TOKYO — Japanese stocks edged lower Tuesday in quiet trading as investors stayed cautious ahead of policy-setting meetings in the U.S. and Japan this week.
The benchmark Nikkei 225 stock average finished down 22.20 points, or 0.2 percent, to 10,083.48 after fluctuating in and out of positive territory. The broader Topix index slipped 0.1 percent to 884.63.
The Federal Reserve's two-day policy meeting ends Wednesday, and investors await the central bank's latest assessment of the world's largest economy.
Japan's central bank also meets for two days this week starting Thursday. Its quarterly "tankan" survey of business sentiment released Monday showed that while corporate confidence is rising, companies remain reluctant to spend amid deflation and a strong yen.
Economists say the Bank of Japan could introduce new monetary easing measures on Friday.
Among major decliners, shipping lines fell in tandem with the Baltic Dry Index, a key measure of rates on 40 shipping routes and an indicator of demand for raw materials. Mitsui O.S.K. Lines Ltd. fell 1.5 percent to 458 yen.
Construction companies also retreated, with Obayashi Corp. down 3.7 percent to 290 yen. Investors took profits from big gains Monday after Abu Dhabi said it would extend $10 billion to Dubai.
Major property developers fared better on news that U.S. real estate fund Secured Capital Japan Co. plans to buy a major building in central Tokyo. Sumitomo Realty & Development Co. jumped 4.6 percent to 1,711 yen, and Mitsubishi Estate Co. rose 2.9 percent to 1,469 yen.
Credit Suisse also maintained its highest rating on the sector, noting that the business professional population in Tokyo continues to grow.
"We reiterate our overweight stance for the real estate sector as one of the few growth opportunities among Japan's domestic-demand industries," analyst Yoji Otani said in a note to clients.
In currencies, the dollar was trading at 88.99 yen from 88.55 yen late Monday. The euro stood at $1.4634 from $1.4656.
Source