Nikkei above 15,000 for the first time in 5 Years
The Japan’s stocks pushed the Nikkei above the 15000 level for the first time in five years – thanks to the weakening yen and strong earnings performance of stocks.
German Zew Economic Sentiment came
The German Zew sentiment came in 36.4 while the forecast was 39.5 and the previous reading was 36.3. Germany is the biggest economy in the single currency euro area.
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EU officials approved Cyprus Emergency aid and Greece Secured its 7.5 Billion Euro Loan
European officials finished their meeting on a positive note by approving the first emergency aid payment for Cyprus and Greece successfully secured its 7.5 billion euros of loans.
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U.S Stocks off from their Record Highs
Wall Street is taking a breather on the first day of trading after recording a string of record highs. Investors are mulling in a fact that when the Fed will start scaling back from its $85 billion a month – bond buying program.
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Japanese Stock Market Rallied to 5 Years High
The Japanese stock market closed at their highest level in more than five years which was fuelled by weakening yen and an improved profit outlook. The Japanese stock market was only the one which closed in a positive territory amongst other Asian markets.
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Dollar crossed 100 Mark against the Yen for the first time in 4 years
The yen has continued its slide against the basket of currencies and today for the first time in four years, the dollar was able to break the psychological level of 100.
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