RISE Asian stocks AFTER DEATH OF BIN LADEN
recorded strong gains after death of Bin Laden Tuesday, May 3, 2011
Maybelline Mini Cooper Commercial
Published: Monday, May 2, 2011
bags Asia recorded strong gains end trade on Monday as market sentiment was boosted after President estadounidente, Barack Obama, confirmed the death of the leader of Al Qaeda, Osama bin Laden in Pakistan.
the late Asian trade, the South Korean Kospi rose 1.67% in Australia, the ASX/200 rose 0.2%, while in Japan, the Nikkei 225 index rose 1.57% .
markets Hong Kong, China, Taiwan, Malaysia and Thailand were closed for holidays.
The Seiko Epson printer maker saw its shares gain 5.75% after it raised its forecast for full year earnings by 66% driven by increased demand from China, India and other Asian countries.
Shares of Electric Power Development, the largest power wholesaler in Japan, rose 4% after it projected net income for the year will increase by 33% to JPY 26 million yen.
In the eurozone, the markets were to remain closed for a public holiday. Meanwhile, the European Central Bank President Jean-Claude Trichet was speaking in Frankfurt. Also Monday, the Institute of Supply Management USA published its manufacturing PMI.
On the other hand, oil prices and euro exchange rate fell today after news the death of Osama bin Laden, according to DPA office.
barrel of Brent North Sea trading today in Singapore to $ 124.94, about 95 cents less than on Friday.
The fall of West Texas Intermediate (TWI), the U.S. benchmark, was even sharper, losing $ 1.27 to $ 112.66 a barrel of 159 liters.
The euro, meanwhile, began to trade today to $ 1.4770, nearly a cent below the official rate of $ 1.4860 set on Friday by the European Central Bank. Andean
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment