Asian stock market which traded in the early hours of trading in a negative territory was able to manage close the day mostly in gains. The Shanghai index was the best performer among Asian indices which closed at 2,283 with a gain of 1.39%. The Nikkei 225 also once again managed to close above the 15,000 level with a gain of 0.67%.Read More
US released a string of economic data today which has disappointed investor’s across the board. The building permits came in at 1.02M which was better than anticipated -steaming the arguments for the housing recovery. However, the Core CPI m/m came in at 0.1% while the forecast was 0.2% with previous reading of 0.1%.Read More
The Japanese economic data released today showed that the country’s economy grew at an annualized rate of 3.5% per quarter. The expansion in the economy happened due to an increase in higherRead More
European stock market is hesitating to add further gains as the biggest economy in the 17 nation narrowly avoided the recession in the first quarter.Read More
The Japan’s stocks pushed the Nikkei above the 15000 level for the first time in five years – thanks to the weakening yen and strong earnings performance of stocks.