Business News
Tokyo stocks stronger on Wall Street gains
Dec 4, 2008, 2:20 GMT
Tokyo - Markets in Japan opened stronger Thursday, following positive signals from Wall Street.
The benchmark Nikkei 225 index was up 49.34 points, or 0.62 per cent to 8053.44 at mid-trading, also carried up by speculation over a possible merger of Nippon Oil Corp and Nippon Mining Holdings. The broader Topix index rose by 0.1 per cent to 799.96.
On currency markets at midday (0300 GMT) the dollar was quoted at 93.11-16 yen, down from Wednesday's 5 pm quote of 93.30-32 yen.
The euro was quoted at 1.2702-07 dollars, up from Wednesday's 5 pm quote of 1.2695-97 dollars, but was down to 118.33-38 yen from 118.45-49 yen.
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John LawDec 4th, 2008 - 02:37:41
Remember all those calls from Bernanke and Paulson for other Central Bankers to 'synchronize'?
www.whiskeyandgunpowder.com/Archives/2005/20050719.html
If you have the good sense to study, even if you disagree with me, you had best find out what the 'carry trade' is and what it means:
www.economonkey.com/2007/09/01/an-explanation-of-the-carry-trade
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