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Posted: Thu 20:40, 05 Sep 2013 Post subject: European stocks rise in anticipation of fiscal cli |
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European stocks increase in anticipation of fiscal cliff talks in Washington,[url=http://kevindurantnerfshoesreleasedate.blogspot.com/][b]kevin durant nerf shoes release date[/b][/url]
- European stocks edged on Thursday as traders returned in the Christmas break anticipating progress from budget talks in Washington,[url=http://peutereyjacketsuppliers.webmium.com/][b]peuterey jacket products[/b][/url].
Britain's FTSE 100 added 0.2 percent to five,[url=http://woolrichdeutschlandarcticparka.albirank.net/][b]Woolrich Online Shop[/b][/url],966.55. Germany's DAX rose by 0.3 percent to 7,656.27 while France's CAC-40 was up by 0.4 % to three,669.74. Wall Street braced for a flat opening, with Dow Jones industrial futures marginally higher at 13,[url=http://duveticadoudoune.halod.com/][b]Femmes Doudoune Duvetica Pas Cher[/b][/url],045. President Barack Obama was to resume budget talks with Congress after cutting short his Hawaii vacation. The negotiations aim to avoid the so-called "fiscal cliff" deep budget cuts and tax hikes that will kick in on Jan. 1 unless the White House and Congress agree on a financial budget deal. stocks fell for a third session as trading resumed following the Christmas break. Disappointing holiday sales weighed heavy on retail companies and investors concerned about the imminent fiscal cliff. Wall Street is set to open up slightly, with stock index futures for that Dow Jones industrial average and the S 500 both up around 0.1 percent.
Asian stocks on Thursday pushed higher with Japan leading the way. The nation's benchmark index hit its highest level in additional than a year on optimism that the new government in Japan will stimulate the nation's sluggish economy,[url=http://duveticadoudoune.halod.com/][b]Femmes Manteaux Duvetica Soldes[/b][/url].
Tokyo's benchmark Nikkei 225 index rose 0.9 percent to shut at 10,[url=http://peutereyjacketsuppliers.webmium.com/][b]Peuterey Jacket men[/b][/url],322.98,[url=http://duveticadoudoune.halod.com/][b]Doudoune Duvetica[/b][/url], its highest finish since March 2011. That added to Wednesday's 1.5 percent gain and took the Nikkei to some 22 percent increase for the year. Hong Kong's Hang Seng gained 0.4 %. South Korea's Kospi added nearly 0.3 %. Benchmarks in Singapore, Taiwan and Australia also posted gains.
Incoming Japanese Prime Minister Shinzo Abe has required more public works spending to reinvigorate the economy. He wants the Bank of Japan to raise its inflation target from 1 to 2 percent to drag the nation out of 2 decades of deflation, or steadily declining prices which have deadened economic activity.
"The message from Japan is clear at the moment,[url=http://rogerviviershoes.webmium.com/][b]http://rogerviviershoes.webmium.com/[/b][/url], the incoming government will do everything in its power to weaken the yen and stimulate the economy,[url=http://woolrichdeutschlandarcticparka.albirank.net/][b]woolrich deutschland women online shop Woolrich Parka G��nstig outlet[/b][/url]," Australia's IG Markets said inside a report.
In China, shares lost ground,[url=http://giuseppezanottisneakers.webmium.com/][b]http://giuseppezanottisneakers.webmium.com/[/b][/url], using the Shanghai Composite Index falling 0.6 percent as the Shenzhen Composite Index lost 0.8 percent.
Benchmark oil for February delivery edged up 2 cents to $90.99 in electronic trading on the New York Mercantile Exchange.
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