Selasa, 29 November 2011

World stocks mixed as ministers meet on euro

Asian stock markets rose Tuesday, in the hopes that decisive action is considered a debt crisis threatens to destroy the union to stifle the euro currency, but European shares open down the euphoria began to fade s'.
Reference price of oil fell below $ 98 a barrel and the dollar fell against the euro and the yen.

Momentum Asia pulverized when European markets opened. FTSE 100 fell 0.5 percent to 5,281.74. German DAX fell 0.4 percent to 5,720.42 and France's CAC-40 shed 0.6 percent to 2,994.37.
Wall Street looked to a lower opening, with the Dow Jones industrial future slipped 0.2 percent to 11,478 and the S & P 500 and the drift of less than 0.1 percent 1189.60.
Japanese stocks posted solid, broad base gets, the Nikkei 225 in Tokyo rose 2.3 percent to close at 8477.82.
Fears that the euro currency union of 17 countries to break raised after reports that European leaders are extreme measures that were unthinkable a few weeks ago with the nations _ seen as delivering control of their budgets to a central authority in Europe.
Another option would be to 17 countries of the Euro Group to review all bonds known as Eurobonds, to sell to countries to contribute to deeper debt problems.
Germany, with its top-notch credit rating, is strongly opposed to participation in the bond. But the pressure on Berlin for his change of position has strengthened the region's debt shocks, crises in small economies such as Greece and Italy in particular, threatening chest outside the euro area.
The finance ministers could discuss options _ one of the possible ways to increase the region's bailout fund, the European financial stability _ at a meeting Tuesday.
While some markets posted gains, the lack of dynamism, the investor still hard times to come to see, according to Castor Pang, research director at Core Pacific Yamaichi in Hong Kong.
"The uncertainty about the debt crisis, the euro remains an important key for markets," said Pang.
Elsewhere in Asia, South Korea KOSPI rose 2.3 percent to 1,856.52 and Hong Kong Hang Seng Index added 1.2 percent to 18,256.20. Benchmarks in Singapore, Taiwan and Australia were also higher.
Mainland Chinese shares advanced, with the Shanghai index was 1.2 percent at 2,412.39.
A great start to the holidays, the U.S. hopes to boost growth in the number one global economy, a key market for many Asian exporters.
Hong Kong-listed Zijin Mining Group, one of the largest gold miner in China, rose 7.4 percent. Japanese steelmaker JFE Holdings rose 5.6 percent.
Japanese giants exports grew stronger as the yen weakened against the dollar remains strong. Hitachi Ltd. rose 5.5 percent, Fujitsu Ltd. was 3.6 percent and Honda Motor Corp. added 3.6 percent.
Retailers in Hong Kong have increased. Luk Fook Holdings Seller jewelry jumped 6.5 percent on strong Chinese demand for gold and jewels. Esprit clothing chain Holdings gained 4.6 percent.
The stock markets of the world, a glimpse of hope that Europe could finally be struck, more action, organized a large demonstration Monday. The Dow Jones Industrial Average 291 points, or 2.6 percent _ the biggest gain in a month rose to close at 11,523.01 _. The S & P 500 rose 2.9 percent to 1,192.55. The Nasdaq Composite rose 3.5 percent to 2,527.34.
Reference point of crude oil fell 48 cents in January to provide $ 97.73 a barrel in electronic trading on the New York Mercantile Exchange. The contract rose $ 1.44 to $ 98.21 set on Monday.
In currency trading, the euro rose to $ 1.3317 from $ 1.3306 late Monday in New York. The dollar fell to 77.81 yen from 77.99 yen.

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