00:23 24-10-2014
MAIN Russian
About us On-line subscription
KazakhstanTajikistanUzbekistanKyrgyzstanTurkmenistanWorld
POLITICSBUSINESSINCIDENTSSOCIETYCULTURESPORTANALYSISSCIENCE
Asian shares rise Monday as investors put aside concerns over euro zone banks

Bishkek (AKIpress) - Asian shares Asian shares rose on Monday as investors put aside concerns about euro zone banks and looked forward to corporate earnings and a raft of global economic events, including testimony from the head of the Federal Reserve, Reuters noticed.

Thus, MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.4 percent, with Seoul putting on 0.3 percent. Japan's Nikkei bounced 0.88 percent after several sessions of losses.

Singapore's main index went flat after the city-state reported a surprise 0.8 percent annualized contraction in economic activity for the second quarter, led by a steep drop in manufacturing.

Financial spreadbetters expected the FTSE 100 to open up 0.1 percent, the DAX 0.3 percent and the CAC 40 0.4 percent.

European markets had calmed on Friday as investors decided that losses associated with the founding family of Banco Espirito Santo were unlikely to disrupt Portugal's financial system or revive broader worries about the bloc's weaker economies.

The S&P 500 EMini contract was trading up 0.2 percent on Monday, after the cash index ended with similar gains on Friday. The Dow closed up 0.17 percent, while the Nasdaq added 0.44 percent.

Attention will be on shares in Citigroup, which sources said it would announce on Monday a deal to pay $7 billion to resolve a U.S. government investigation into shoddy mortgage-backed securities.

Meanwhile, currency markets were quiet on Monday with the dollar index a touch firmer at 80.226, a level it has gravitated towards since recovering from a two-month low of 79.740 on July 1. The euro bought $1.3602, having stuck to a tight range around $1.3600 for over a week now.

Against the yen, the greenback fetched 101.41, holding off a seven-week trough of 101.06 plumbed last Thursday. The euro was near 137.95 yen, recovering from last week's fall to a five-month low of 137.50.

Gold slipped back to $1,328.50 an ounce, and away from a 3-1/2 month high of $1,345 reached last week. Prices for the safe-haven metal had been supported in part by the intensified fighting in Gaza.

On Monday, Brent crude oil was off 2 cents at $106.64 a barrel, not far from a three month-trough of $106.27. U.S. crude shed 42 cents to $100.41 per barrel.


Twitterfacebookprint
12:27 14.07.2014
LATEST NEWS
18:16 Kyrgyz Economy Ministry considers possibility of tax exemptions for investors in processing industry18:05 Approved nominee for Energy Minister promises to bring Kyrgyzstan out of energy crisis17:45 Tajikistan condemns Western policy of sanctions against Russia17:44 Tesco chairman resigns after accounting scandal17:37 Parliament of Kyrgyzstan approves nominee for Minister of Energy and Industry17:31 Bishkek authorities mull introduction of monorail17:28 Tajikistan, Russia resolve all issues – Russian State Duma Speaker17:18 Kyrgyzaltyn in talks with investors concerning construction of gold bearing ore processing plant17:15 Doctor says Michael Schumacher improving, but recovery to take years17:12 Total amount of Tajik bank deposits 17.9% up in January-September 201417:06 Kazakhstan and Japan to sign investment deal - PM17:02 Commercial banks have no right to restrict sums of foreign exchange, says Kyrgyz National Bank16:59 Kyrgyzstan bids for ITU Council membership16:56 Talas region yields beans this year much less than before16:55 Three Uzbek citizens detained in Batken region for attempt to cross border illegally16:38 Delegation of Tajik ruling party leaves for China16:32 Israel's Netanyahu accuses Abbas over Jerusalem car attack16:29 National Bank of Kyrgyzstan sells biggest sum of dollars in 2014 to support som rate over 17 years16:22 Legislative Chamber of Uzbek Parliament passes public budget for 201516:22 Chinese company starts oil and gas exploration in Leilek district
Astana
+1° C
Ashgabat
+26° C
Bishkek
+15° C
Dushanbe
+20° C
Tashkent
+20° C
exchange rates
 
71.14
56.07
9.04
1.37
229.75
180.99
29.59
4.42
6.33
4.99
0.78
0.12
3084.28
2367.40
385.74
61.13
3.62
2.85
0.47
0.07

© AKIpress News Agency - 2001-2014
Use of the AKIpress.com materials must be accompanied by a hyperlink to www.akipress.com
Our address:
Moskovskaya str. 189, Bishkek, the Kyrgyz Republic
e-mail: english@akipress.org, akipressenglish@gmail.com;
Tel/Fax: +996(312)90-07-75