Arab Today, arab today euro down as greece talks break up but nikkei surges
Last Updated : GMT 03:44:33
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.

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

 



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 Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Egypt tourism revival steady but slow

GMT 16:04 2017 Tuesday ,19 September

Egypt tourism revival steady but slow
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today 600,000 children may flee to Bangladesh

GMT 06:49 2017 Monday ,18 September

600,000 children may flee to Bangladesh
Arab Today, arab today Equifax executives step down

GMT 16:16 2017 Saturday ,16 September

Equifax executives step down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today 5,000 'Dieselgate' deaths in Europe per year

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Renault-Nissan to launch

GMT 10:44 2017 Saturday ,16 September

Renault-Nissan to launch
Arab Today, arab today Eman Al Assy receives three offers

GMT 06:31 2017 Saturday ,16 September

Eman Al Assy receives three offers
Arab Today, arab today 'Severe' Typhoon Doksuri pounds Vietnam

GMT 15:49 2017 Friday ,15 September

'Severe' Typhoon Doksuri pounds Vietnam

GMT 11:10 2017 Friday ,15 September

Fadl Shaker retreats from surrendering himself

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 10:25 2017 Thursday ,14 September

Greece fumbled oil spill response

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:45 2017 Sunday ,17 September

France's hurricane-hit St Martin

GMT 21:57 2017 Sunday ,17 September

Russia and Iraq restore air travel

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:56 2017 Friday ,15 September

Apple's grand plan in Ireland held up by a forest

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
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