Business News
Machinery orders send Tokyo stocks up
Nov 11, 2009, 1:54 GMT
Tokyo - Tokyo stocks rose Wednesday as Japanese machinery orders jumped more than expected, creating confidence in an economic turnaround and improving corporate earnings.
The benchmark Nikkei 225 Stock Average gained 21.56 points in morning trading, or 0.22 per cent, to stand at 9,892.29.
The broader-based Topix index of all first-section issues was also up 3.89 points, or 0.45 per cent, at 876.33 after the Cabinet Office reported a 10.5-per-cent climb from August to September in machinery orders, which are considered an indicator of business investment in three to six months.
On currency markets at 9 am (0000 GMT), the dollar traded at 89.68-72 yen, down from Tuesday's 5 pm quote of 89.86-87 yen.
The euro traded at 1.4992-95 dollars, up from 1.4970-71 dollars late Tuesday, and at 134.46-49 yen, down from 134.52-56 yen.
COMMENT
blog comments powered by DisqusLatest Headlines in Business
- 1. US unemployment drops further, but figures disappoint
- 2. Japan stocks down as euro debt outweighs positive US data
- 3. Iraq resumes oil flow after pipeline blast in Turkey
- 4. Spanish bond auction lifts eurozone worries, sinks Japan stocks
- 5. ECB holds rates, rules out early exit from emergency measures
Older Talkback
