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Forex Flash: Expect an export led Japanese recovery - Nomura

FXstreet.com (Barcelona) - Nomura economists are expecting an export recovery, driven by China´s economic recovery to deliver positive growth in Q1 2013.

They believe that the recovery should stimulate domestic demand and ensure the overall economy is in a stable growth phase in 2013. They write, “We expect the BOJ to leave policy as is for a prolonged period bar an economic slowdown or rapid shifts in financial markets. The main risks are yen appreciation, a worsening European debt problem and the US and China slowing.”

European markets move higher Tuesday

European stock indices rise tepidly Tuesday, despite lingering concerns over Portugal and mounting yields that have afflicted the country. Beginning with the indices and composites, the EURO STOXX 50 grew +0.49% as it settles in region of 2602.32, up +12.50 points in these moments. In addition, the FTSE 100 index is trading in positive territory, operating at 6299.26, advancing +27.10 points or +0.35% at the time of writing. Finally, the DAX broke slightly higher, oscillating in the zone of 7676.21, after a movement of +10.36 points and up +0.18%.
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Euro on autopilot as FOMC minutes loom

The single currency continues to trade in a narrow range this week, despite edging above 1.3000 after last week’s ECB decision and poor US jobs report...
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