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

 
BR: Tokyo investors eye on down-to-wire Greek debt talks
 
TOKYO: The fate of last-ditch talks on a Greek debt deal and the situation in violence-wracked Ukraine will be high on the radar for Tokyo investors next week, with any surprises likely to jolt the market, analysts said Friday.
"We've been worrying about Greece and Ukraine for a long time and nothing has surfaced yet, so if it does, there could be a big shock to the market," said Tomomi Yamashita of Shinkin Asset Management.
"At least here in Japan it seems we're managing to overcome that thanks to a stronger economic outlook, confidence in earnings, and expectations of higher wages for workers at big companies."
The Nikkei 225 index hit its highest level in 15 years this week on the back of relatively upbeat Japanese economic data and record-setting highs on Wall Street recently, while a still-weak yen inflated the bottom line at many firms, as the latest earnings season wraps up.
Tokyo investors are also optimistic that spring labour negotiations in Japan will usher in pay hikes, answering calls from the government to lift wages in a bid to boost spending.
"With excess liquidity globally, and with Japanese stocks starting to look profitable after they went through a critical juncture, investors are more likely to take risks," Masayuki Doshida, a senior market analyst at Rakuten Economic Research Institute, told Bloomberg News.
But he added: "The gains look too quick and as it starts to feel top heavy selling is going to take priority."
Investors are focusing on Europe, where finance ministers from the 19 eurozone states hold a meeting in Brussels later in the day to consider a proposal by Athens to extend its loan programme, which expires at the end of the month.
- German challenge -
Germany threw up a challenge Thursday when it dismissed a proposal from Athens to apply for a six-month extension that was free of painful austerity measures, just moments after the European Union had hailed it as a step in the right direction.
The leaders of Ukraine, Germany, France and Russia on Thursday, meanwhile, pledged renewed support for a tattered ceasefire in eastern Ukraine despite violations -- including the storming of a key town by pro-Russian rebels.
On Friday, the benchmark Nikkei ended 0.37 percent, or 67.51 points, higher at 18,332.30, after closing at a 15-year high on Thursday. The index added 2.34 percent over the week.
The broader Topix index of all first-section shares rose 0.36 percent, or 5.40 points, to finish at 1,500.33, with a weekly gain of 3.52 percent.
Japan Display shares jumped 5.39 percent to 488.0 yen amid reports that the company was mulling the construction of a new plant to supply smartphone screens to Apple.
Factory robotics maker Fanuc rose 1.20 percent to 23,285.0 yen, Toyota was up 1.00 percent to 8,078.0 yen, while market heavyweight Fast Retailing, operator of the Uniqlo clothing chain, fell 0.36 percent to 42,910.0 yen.
Bankrupt Skymark Airlines, which will be delisted from the Tokyo exchange next month, jumped 44.44 percent to 39.0 yen after reports emerged that major Japanese travel agency H.I.S. has applied to extend support to the struggling carrier.
On currency markets, the dollar was slightly lower at 118.87 yen, from 118.94 yen in New York.-
Source