Arab Today, arab today asian shares higher on dip buying
Last Updated : GMT 21:25:08
Arab Today, arab today
Arab Today, arab today

Asian shares higher on dip buying

Arab Today, arab today

Arab Today, arab today Asian shares higher on dip buying

London - AFP

Asian stocks rose on Tuesday morning thanks to bargain hunting and a positive lead from Wall Street, while Japanese stocks were supported by a stable yen-dollar. Expectations of the imminent defeat of Moamer Kadhafi by rebels in oil-rich Libya also sent crude prices lower. However, while regional equities were in the green investors remain nervous about the state of the global economy, which pushed gold prices to a record above $1,900 an ounce. Tokyo rose 0.46 percent in the afternoon, Sydney added 1.09 percent, Shanghai gained 0.36 percent and Hong Kong was up 0.35 percent. Markets in Europe and Wall Street ended in the green. The Dow Jones Industrial Average gained 0.34 percent, the S&P 500 edged up 0.03 percent, and the tech-heavy Nasdaq Composite rose 0.15 percent. London's FTSE 100 climbed 1.08 percent; in Paris, the CAC 40 rose 1.14 percent; the DAX ended down 0.11 percent. The gains followed three successive losses in Asia, which have been caused by worries that growth in the United States' economy is faltering and the eurozone debt crisis will spread. Market watchers are looking ahead to later in the week, when US Federal Reserve chief Ben Bernanke is due to deliver a key speech, with many looking for clues to how he plans to boost the US' flat-lining economy. Expectations are rising that he will announce additional measures to stimulate the economy although it is not clear if these would include a third full-fledged bond-buying programme, known as quantitative easing. In Tokyo exporters were higher as the yen retreated after hitting a record post-war high 75.95 against the dollar last week. In early Tokyo trade the dollar fetched 76.78 yen, from 76.78 yen in New York late Monday. The euro bought $1.4372, slightly up from $1.4356 in New York. The single European currency was worth 110.40, from 110.25 on Monday. News from Tripoli that rebels were close to bringing down the 42-year reign of Kadhafi raised the likelihood of a better oil supply, which continued to weigh on the price of the Brent contract. Brent North Sea crude for October delivery was down two cents at $108.34 a barrel after having fallen by as much as 18 cents in earlier trade. Brent is the main oil sold in Europe, which is the main destination of Libyan crude. New York's main contract, West Texas Intermediate light sweet crude for October delivery was 27 cents higher at $84.69 a barrel. Gold soared in Hong Kong to a record high $1,914.50-$1,915.50 an ounce as traders still worried about the global outlook looked for a safe haven to park their cash.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today asian shares higher on dip buying Arab Today, arab today asian shares higher on dip buying

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today asian shares higher on dip buying Arab Today, arab today asian shares higher on dip buying

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%

GMT 06:20 2017 Tuesday ,16 May

Tadawul index climbs 0.6%

GMT 13:43 2017 Monday ,15 May

Oman share index declines marginally

GMT 04:37 2017 Thursday ,11 May

Tadawul index near flat on varying 1Q results
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday