Contact us

Company Name:
Lishui Huanqiu Bearing Trading Co., Ltd.

Company Address:
No.11 Shiting Road, Shuige Industrial Zone,Lishui, Zhejiang,China
Contact Person: William

Email: admin@tradebearings.com
Homepage: www.asiabearings.com
Bearing B2B: www.tradebearings.com

email

 

Home > News >

Japanese stocks lead markets lower as yen rise

Japanese stocks led to the stock market decline, a minister warned on Wednesday over falling, the value of the yen. In other places, pay close attention to the United States budget negotiations caused many indicators will further decline, from high for many years.
The Japanese currency has sold out sharply in recent weeks, and, is to help the country's main stock market climbed 32 months of high - a lower money making the Japanese goods potential more competitive in the international market, so as to help national economic growth.
However, at the same time make exports cheaper, lower currency can trigger inflation, make import more expensive, it is very important, a country of foreign things, such as dependence on oil.
Japan's kyodo news agency reported, the economy minister sway it is these markov o expressed concern, and make the nikkei 225 index closed up 2.6% to close at 10600.44 side recovery, yen - London late morning time share reverse, the dollar fell 0.6% to 88.09 yen,.
Though Wednesday's move, doubt, think the effect will be more ephemeral. The yen in the past few months has been declining expected economic stimulus measures, which will weaken the yen's value.
"Neil McKinnon said:" in Russian foreign trade bank capital, the global macro strategy intervention, resulting in a small adjustment, it is no dramatic, we think that the yen further depreciation of the trend will not change,.
In other places, the second day of the weak market operation. More than 2013 years for the first few weeks, many indices for many years in high relief kluge, American politicians in the last minutes of budget agreement, in order to avoid the so-called "fiscal cliff automatic tax increases and spending cuts, will come into effect on January 1st.
In Europe, the UK's rich 100 index fell 0.6%, in 6083 the German DAX index fell 0.4% to 7651. In the French CAC - to 0.4%, to close at 3684.
Wall Street also appears headed by loss, the dow Jones industrial average index and the standard &poor's 500 index futures fell 0.3%.
Traders also more and more nervous battle brewing in Washington to improve the debt limit, so the government can continue to borrow money to help pay the bill. The Treasury said it will run out of money to pay for all the government's duty in February or march, sometime if congress does not improve the present $16.4 trillion debt limit.
Republicans say they will require major spending cuts, in return for improve the debt ceiling reach any agreement. But President Obama says he will debt ceiling negotiations.
"Financial cliff rebound after the later more and more weak, has been looking for, and strive to remove outside of the market in the near future the long high," wave is said, in the IG market analyst Chris said.
Later, investors will focus on the next round of the quarterly earnings, and Goldman sachs and Morgan Chase (JP Morgan Chase) may take center stage.
"Plus raft of American data, including the fed's Beige Book (Beige Book) survey, and may be enough to attract investors to return to the market again, IG wave is said."
The days of the cold start trading in Asia. Hong Kong's hang seng index fell 0.1% to 23356.99 point. South Korea's Kospi index fell 0.3% to 1977.45 point.
The price of oil has gone up New York post 4 cents at $93.32 a barrel flat rate, at the same time, the euro is changeless, $1.3306.



Other News:
Japanese stocks lead markets lower as yen rise
Earnings Preview: UnitedHealth reports on 4Q Thurs
NYC, parents prepare for bus strike
Alibaba founder Jack Ma stepping down as CEO
Severe Beijing smog prompts unusual transparency
Taiwan lawmakers approve reduced budget
NH case against 2 big oil companies gets underway
Japan stocks at highest since April 2010