Thursday, October 6, 2011

This morning, Asian stocks Improved, It's The trigger

Asian stock indexes rose on Friday, October 7, 2011, after the euro zone policy makers chose to fight shore up the banks of a new financial crisis. At the same time, the euro exchange rate also continued to strengthen to 2 percent.

Global stocks rise in a row since Thursday, after European Central Bank announced measures liquidity aggressively flushing.



As quoted by Reuters, the Nikkei average in Tokyo rose 0.9 percent on Friday, while the MSCI index consisting of stocks in the Asia Pacific region excluding Japan rose 1.2 percent, led by a rise in the material sector. Meanwhile, U.S. stocks also rose more than 1.5 percent on Thursday.

European Central Bank (ECB) said that they were ready to buy bonds euro zone countries that were in need of funding. The news was immediately boosted the euro exchange rate has fallen to its lowest level of U.S. $ 1.3240 on Thursday, to the level of U.S. $ 1.3425. However, this value is still far below the peak of this year, U.S. $ 1.50 in May.

At the same time, copper rose 0.6 percent Friday, extending gains to nearly 6 percent in the previous session. However, oil prices eased after rising 3 percent on Thursday.

Brent crude oil fell 0.2 percent to U.S. $ 105.55 per barrel and U.S. crude fell 0.3 percent to U.S. $ 82.35.

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