Proposal 'Debt Ceiling' Painless European Markets. The majority of shares in major European bourses traded higher earlier this week following investor sentiment by a tentative deal on the U.S. debt ceiling. U.S. Republicans on Friday it has agreed to maintain the U.S. debt ceiling for three months or longer. Republicans who control the House of Representatives and the U.S. is also willing to extend the government's borrowing authority for the same time period, which dampen debate with President Barack Obama.
German DAX and French CAC40 zzona perched in green, with each collecting 0.35% and 0.25%. Meanwhile, Britain's FTSE rose 0.2% observed so far. "Positive Closure Wall Street on Friday has given support to the European financial market sentiment today, with traders trying to respond to positive comments from U.S. lawmakers related talks ceiling limit," said Ishaq Siddiqi, market analyst at ETX Capital In terms of fundamentals, German producer price index (PPI) showed an annual growth of 1.5% in December. This figure is still weaker than expected 1.7% from economists. Trading on Monday is also expected to take place by the sheer volume following the holiday "Martin Luther King Jr.. Day 'in the U.S..
Actions Yen Hit Profit-Taking
The yen strengthened due to rampant profit-taking after the Japanese currency reached its weakest level in 2 1/2 years. Profit-taking going on ahead of the Bank of Japan in which the bank is expected to raise setral a 2% inflation target and announce additional asset purchases. USD / JPY is now trading 89.49; away from daily highs 90.25. "Profit taking and short covering as investors begin to bloom quite cautious ahead of BoJ meeting. Concerns BoJ There probably will not loosen monetary policy as aggressive estimates," said Jeremy Stretch, head of strategic CIBC World Markets. Around 89.10 will be support for the USD / JPY and the strategy is still a buy-on-dips when the yen is still above that level.
Sony Create New Tablet Apple iPad To Fight
Sony Corp., Electronics manufacturers are struggling to cope with losses in four consecutive years, will sell in Japan a new tablet computer this year due to tempt customers from Apple Inc.. and Samsung Electronics Co. Tablet Xperia Z has a thickness of 6.9 millimeters, and weighs 495 gran (17ons) and has a display of 10.1 inches (26 centimeters), Sony's mobile unit said in a statement today. This waterproof device may be released first in Japan in March before it is launched elsewhere, says Noriko Shoji, a spokesman for Sony in Tokyo in a telephone interview today. He added that for the price could not be determined. CEO of Sony, Kazuo Hirai is currently focused on the mobile device to revive the company, which for TV unit does not turn a profit in the fiscal year eighth in a row. Tokyo-based company introduced its first tablet in 2011, Sony is the latest company among the top 10 manufacturers of laptop makers who use tablet demand triggered by the Apple iPad.
Middle East crisis Supporting Performance Oil
Oil prices seen consolidating after strong rally in the last week. Concerns over the U.S. economic outlook and supplies offset concern seems to still be a crisis in the Middle East after the case in Algeria. Investors worried about the prospect of returning U.S. recovery after U.S. consumer sentiment fell to its lowest level in the past year. OPEC reports at the weekend also showed oil supplies will exceed demand for the first half of 2013 although Saudi Arabia has cut output at the end of 2012. However, concerns about the protracted crisis in the Middle East after the incident in Algeria managed to sustain performance-like oil. 30 foreign nationals-including U.S., UK, France, Japan, Norway-died after militants attacked the gas plant in Algeria.
German DAX and French CAC40 zzona perched in green, with each collecting 0.35% and 0.25%. Meanwhile, Britain's FTSE rose 0.2% observed so far. "Positive Closure Wall Street on Friday has given support to the European financial market sentiment today, with traders trying to respond to positive comments from U.S. lawmakers related talks ceiling limit," said Ishaq Siddiqi, market analyst at ETX Capital In terms of fundamentals, German producer price index (PPI) showed an annual growth of 1.5% in December. This figure is still weaker than expected 1.7% from economists. Trading on Monday is also expected to take place by the sheer volume following the holiday "Martin Luther King Jr.. Day 'in the U.S..
Actions Yen Hit Profit-Taking
The yen strengthened due to rampant profit-taking after the Japanese currency reached its weakest level in 2 1/2 years. Profit-taking going on ahead of the Bank of Japan in which the bank is expected to raise setral a 2% inflation target and announce additional asset purchases. USD / JPY is now trading 89.49; away from daily highs 90.25. "Profit taking and short covering as investors begin to bloom quite cautious ahead of BoJ meeting. Concerns BoJ There probably will not loosen monetary policy as aggressive estimates," said Jeremy Stretch, head of strategic CIBC World Markets. Around 89.10 will be support for the USD / JPY and the strategy is still a buy-on-dips when the yen is still above that level.
Sony Create New Tablet Apple iPad To Fight
Sony Corp., Electronics manufacturers are struggling to cope with losses in four consecutive years, will sell in Japan a new tablet computer this year due to tempt customers from Apple Inc.. and Samsung Electronics Co. Tablet Xperia Z has a thickness of 6.9 millimeters, and weighs 495 gran (17ons) and has a display of 10.1 inches (26 centimeters), Sony's mobile unit said in a statement today. This waterproof device may be released first in Japan in March before it is launched elsewhere, says Noriko Shoji, a spokesman for Sony in Tokyo in a telephone interview today. He added that for the price could not be determined. CEO of Sony, Kazuo Hirai is currently focused on the mobile device to revive the company, which for TV unit does not turn a profit in the fiscal year eighth in a row. Tokyo-based company introduced its first tablet in 2011, Sony is the latest company among the top 10 manufacturers of laptop makers who use tablet demand triggered by the Apple iPad.
Middle East crisis Supporting Performance Oil
Oil prices seen consolidating after strong rally in the last week. Concerns over the U.S. economic outlook and supplies offset concern seems to still be a crisis in the Middle East after the case in Algeria. Investors worried about the prospect of returning U.S. recovery after U.S. consumer sentiment fell to its lowest level in the past year. OPEC reports at the weekend also showed oil supplies will exceed demand for the first half of 2013 although Saudi Arabia has cut output at the end of 2012. However, concerns about the protracted crisis in the Middle East after the incident in Algeria managed to sustain performance-like oil. 30 foreign nationals-including U.S., UK, France, Japan, Norway-died after militants attacked the gas plant in Algeria.
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