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May 7, 2013
Asian markets up but Nikkei rockets upward
FXstreet.com (Barcelona) - Japan’s Nikkei Stock Average (+3.39%) erupted to above 14000, but Hong Kong’s Hang Seng (+0.34%), India’s Bombay Sensitive (+0.49%), Singapore’s Straits Times (+0.37%) and Indonesia’s Jakarta Composite (+0.78%) also added gains on Tuesday, while South Korea’s Kospi fell -0.36% with more threats from North Korea, and Mainland China’s Shanghai Composite closed around flat. Australia’s S&P/ASX 200 fell -0.24% following the unexpected RBA rate cut by 25bp to 2.75%, a record low.
Futures for the German DAX 30 and the French CAC 40 are signaling a higher opening around +0.20% ahead of French industrial output and German factory orders in March, which “should give a better picture of how much of the weakness that we’ve seen in the surveys is translating into weakness in the hard data”, said TD Securities analysts.
Futures for the German DAX 30 and the French CAC 40 are signaling a higher opening around +0.20% ahead of French industrial output and German factory orders in March, which “should give a better picture of how much of the weakness that we’ve seen in the surveys is translating into weakness in the hard data”, said TD Securities analysts.