Arab Today, arab today euro down as greece talks break up but nikkei surges
Last Updated : GMT 11:21:17
Arab Today, arab today
Arab Today, arab today

Euro down as Greece talks break up but Nikkei surges

Arab Today, arab today

Arab Today, arab today Euro down as Greece talks break up but Nikkei surges

Japanese shares
Hong Kong - AFP

The euro dipped in Asian trade on Thursday after talks between Greece and its European creditors on restructuring the country's bailout broke up without agreement.
Japanese shares surged to a more than seven-year high as the yen retreated against the dollar thanks to investors betting on the US Federal Reserve hiking interest rates soon.
The Nikkei in Tokyo, which was closed Wednesday for a public holiday, rallied 1.85 percent, or 327.04 points, to 17,979.72 -- its best finish since July 2007.
Shanghai rose 0.50 percent, or 15.72 points, to 3,173.42 while Hong Kong gained 0.44 percent, or 107.13 points to 24,422.15.
However, Sydney retreated 0.44 percent, or 25.5 points, to close at 5,743.6 after data showed Australian unemployment at a 12-year high. Seoul eased 0.21 percent, or 4.07 points to 1,941.63.
The focus of attention was on Europe, where eurozone finance ministers were unable to hammer out a renegotiation of Greece's bailout terms.
Jeroen Dijsselbloem, head of the Eurogroup of eurozone ministers, said six hours of talks produced no deal on an extension of Athens' 240 billion euro EU-IMF rescue programme.
Greece's bailout is due to expire at the end of February and failure to agree on an extension would see Greece default on its giant debts, almost inevitably meaning that it would crash out of the eurozone.
Prime Minister Alexis Tsipras led the hard-left Syriza party to victory in elections last month vowing to bring an end to austerity measures imposed under the bailout.
On currency markets the euro bought $1.1317 and 136.20 yen, down from $1.1332 and 136.37 yen in New York Wednesday afternoon.
- Fed rate hike in view -
 "In global terms, the view over Greece is mixed, with a majority saying the Greek situation will have limited impact on global markets and economies," Andrew Clarke, director of trading at Mirabaud Securities Asia in Hong Kong, told Bloomberg News.
"However, there are a few that think that view is slightly naive. If Greece does pull out and defaults on its debt, what will stop Spain, Italy, Ireland and Portugal from doing the same?"
The greenback held above 120 yen, with analysts predicting it could advance further if US retail sales later Thursday come in strong.
The dollar was at 120.27 yen, compared with 120.35 yen in US trade but well up from 119.70 yen in Asia earlier Tuesday.
Dealers are moving back into the US unit after another strong jobs report increased the likelihood the Fed will bring forward its timetable for raising rates.
Figures showing Australian unemployment hit a 12-year high of 6.4 percent in January increased the chances the country's central bank will cut interest rates, sending the local dollar tumbling.
The Aussie hit a near six-year low of 76.59 US cents Thursday, from 77.26 US cents before the jobs data release.
On oil markets US benchmark West Texas Intermediate for March delivery rose 93 cents to $49.77 while Brent crude for March gained 60 cents to $55.26 in afternoon trade.
Gold fetched $1,222.56 an ounce, against $1,234.49 on Wednesday.
In other markets:
-- Taipei rose 0.36 percent, or 34.09 points, to 9,496.31.
Taiwan Semiconductor Manufacturing Co was 0.34 percent higher at Tw$148.5 while Hon Hai Precision Industry added 1.65 percent to Tw$86.2.
-- Wellington fell 0.69 percent, or 38.87 points, to 5,749.32.
Spark was down 3.91 percent at NZ$3.315 and Warehouse Group dropped 0.72 percent to NZ$2.74.
-- Manila gained 0.37 percent, or 28.16 points, to end at 7,714.59.
Philippine Long Distance Telephone jumped 1.17 percent to 3,120.00 pesos, Universal Robina finished 0.28 percent up at 211.60 pesos and Metro Pacific gained 2.77 percent to 5.19 pesos.

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 euro down as greece talks break up but nikkei surges Arab Today, arab today euro down as greece talks break up but nikkei surges

 



Arab Today, arab today
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 03:11 2017 Saturday ,25 February

50 Tunisian exhibitors at Gulfood 2017, Dubai

GMT 02:19 2017 Saturday ,25 February

SIEL expo, March 1-4

GMT 12:30 2017 Friday ,24 February

Norway's Telenor to leave Indian telecom market

GMT 10:17 2017 Friday ,24 February

Dow stands out as global stocks tread water

GMT 16:11 2017 Thursday ,23 February

Bahrain Bourse daily trading report

GMT 16:08 2017 Thursday ,23 February

BHB holds VAT seminar
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
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