Tokyo advances driven by the good indicators of U.S.
Tokyo stocks advanced today with the publication on the eve of indicators pointing to a U.S. recovery, while investors kept an eye on the EU summit that begins today.
The Nikkei rose 143.62 points, or 1.65 percent, and remained at 8,874.11 points, while the Topix index, which groups all the values of the first section, won 13 , 33 points, a 1.79 percent to 758.81 integers.
The 33 areas of the park led by Tokyo’s advanced consumer finance, followed by the insurance and banking.
The rate hikes pending home sales in the U.S. in May and durable goods orders to factories in this country last month lifted the mood at the floor Tokyo ‘.
Thus, investors gave the shop with the publication of these indicators, which point to a recovery of the world’s largest economy.
However, the momentum is quenched around the end, when extended cautious ahead of EU summit today and tomorrow it could determine the future of the debt crisis, despite dwindling expectations deposited on the appointment.
“The main concern is whether the euro area may pave the way to gestate Eurobonds, though that is unlikely. The situation in the euro area will not change significantly after the meeting,” said Yutaka Miura, an analyst at Mizuho Securities, the Kyodo news agency.
The holding of general meetings of shareholders of corporations Nipponese this week also helped spread the wisdom in Tokyo’s Square.
In fact, Nippon Electric climbed yesterday after holding positions of their boards, in rejecting the possibility that they will leave for the moment nuclear generation.
Thus, Kansai Electric Power, Chugoku Electric Power, Tohoku Electric Power appreciated by 1 percent, 3.8 percent and 2.6 percent respectively.
Vehicle manufacturers are export-oriented benefited from a pause in the stronger yen.
In that sense, the euro remained in the low band of the 99 yen while the dollar did at the lower end of the 79.
Therefore, Toyota Motor climbed 2.6 percent and Nissan Motor rose 1.8 percent.
In the first section advanced 1,228 values, compared to 348 who completed the low and 96 that ended unchanged.
Trading volume was 1,705.83 million shares, above Wednesday’s 1,595.86 million.
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