Asia stocks climb after Wall St record, eyes on Gr
Post# of 22756
Posted On: 02/15/2015 10:46:16 PM
Asia stocks climb after Wall St record, eyes on Greece talks
AFPAFP – 39 minutes ago
Share 2
Tweet
Print
View Photo
AFP -
Asian markets advanced Monday following a record close on Wall Street, while Greece's leadership said it was upbeat that it could hammer out a new debt deal with its European creditors.
Japanese shares were supported by data showing the economy had exited recession, although gains were tempered as it grew at a slower pace than expected.
Tokyo was up 0.66 percent by the break. Hong Kong added 0.14 percent in morning trade, Sydney was flat, Shanghai put on 0.10 percent and Seoul was 0.10 percent higher.
Greek Finance Minister Yanis Varoufakis will Monday meet his counterparts from the eurozone in Brussels to get their backing for an overhaul of the austerity-laden bailout, which Athens says has crippled the country's economy.
While it faces stern opposition, mostly from key European paymaster Germany, Varoufakis and Prime Minister Alexis Tsipras say they are confident they can win over sceptics.
Global markets are hoping a deal can be reached before the end of the month, when Greece's bailout is due to expire. Failure to agree an extension would see it default on its giant debts and likely mean it would crash out of the eurozone.
Regional investors were given a strong lead from New York, where the S&P 500 ended at a new record following data showing Germany's economy expanded more than expected in the final three months of 2014.
The S&P 500 rose 0.41 percent, while the Dow added 0.26 percent to break 18,000 for the first time this year. The Nasdaq advanced 0.75 percent.
Japan's Nikkei was also supported by news the economy grew 0.6 percent -- or an annualised rate of 2.2 percent -- in the three months to December.
While the rate was slower than the 0.9 percent expected, it comes after the world's third-largest economy had contracted for a second straight quarter in July-September.
"Even though it missed estimates, the figures are positive which means at least the direction of the recovery is right," Ayako Sera, a markets strategist at Sumitomo Mitsui Trust Bank in Tokyo, told Bloomberg News.
"I would say the data today is mixed. People haven't completely lost hope on growth."
On currency markets the dollar fetched 118.60 yen, against 118.74 yen in New York.
The euro was at $1.1408 and 135.27 yen compared with $1.1393 and 135.29 yen.
Oil prices edged higher as dealers cheered signs of reduced crude production following figures last week that showed a further drop in drilling activity.
US benchmark West Texas Intermediate for March delivery gained 15 cents to $52.93 while Brent for April rose 13 cents to $61.65.
Gold fetched $1,230.21 an ounce, against $1,225.23 on Friday.
Share 2
Tweet
Print
Best of Yahoo News
Thatcher Faragestory
UKIP are 'old stench of Thatcherism'
Fat cat dietstory
Oscar the 11kg cat put on diet
Cancerstory
Phone app knows if you have cancer
Cash machine kind strangerstory
Shopper hunts for £70 cashpoint stranger
Glow in the dark carstory
Introducing the glow-in-the-dark car
Facebook 'Legacy Contact' can take over if you diestory
Who controls Facebook when you die?
There are no comments yet
Editor's Picks
1 - 4 of 59
Featured videos
Sporadic Gunfire Continues In Eastern Town Of Debaltseve
2:24
Sporadic Gunfire Continues In Eastern Town Of Debaltseve
Duchess Of Cambridge Shows Support For Children's Mental Health
1:49
Duchess Of Cambridge Shows Support For Children's Mental Health
The Review Of Monday's National Newspapers
2:11
The Review Of Monday's National Newspapers
A Round-Up Of All The Latest Action
2:30
A Round-Up Of All The Latest Action
Monday's Forecast
2:30
Monday's Forecast
Fragile Ceasefire In Ukraine Appears To Be Holding
2:24
Fragile Ceasefire In Ukraine Appears To Be Holding
Danish Shooting Suspect Had 'Violent History'
3:39
Danish Shooting Suspect Had 'Violent History'
A Round-Up Of All The Latest Action
1:27
A Round-Up Of All The Latest Action
Funeral Of Schoolboy Who Died After Playground Altercation Takes Place
1:49
Funeral Of Schoolboy Who Died After Playground Altercation Takes Place
Ukraine's Military Says Ceasefire Is Being Observed "in general"
1:56
Ukraine's Military Says Ceasefire Is Being Observed "in general"
HSBC Issues Apology Over Banking Standards
2:37
HSBC Issues Apology Over Banking Standards
Poorly Constructed Housing Block Crumbles In India
0:54
Poorly Constructed Housing Block Crumbles In India
Today on Yahoo
1 - 8 of 43
AFPAFP – 39 minutes ago
Share 2
Tweet
View Photo
AFP -
Asian markets advanced Monday following a record close on Wall Street, while Greece's leadership said it was upbeat that it could hammer out a new debt deal with its European creditors.
Japanese shares were supported by data showing the economy had exited recession, although gains were tempered as it grew at a slower pace than expected.
Tokyo was up 0.66 percent by the break. Hong Kong added 0.14 percent in morning trade, Sydney was flat, Shanghai put on 0.10 percent and Seoul was 0.10 percent higher.
Greek Finance Minister Yanis Varoufakis will Monday meet his counterparts from the eurozone in Brussels to get their backing for an overhaul of the austerity-laden bailout, which Athens says has crippled the country's economy.
While it faces stern opposition, mostly from key European paymaster Germany, Varoufakis and Prime Minister Alexis Tsipras say they are confident they can win over sceptics.
Global markets are hoping a deal can be reached before the end of the month, when Greece's bailout is due to expire. Failure to agree an extension would see it default on its giant debts and likely mean it would crash out of the eurozone.
Regional investors were given a strong lead from New York, where the S&P 500 ended at a new record following data showing Germany's economy expanded more than expected in the final three months of 2014.
The S&P 500 rose 0.41 percent, while the Dow added 0.26 percent to break 18,000 for the first time this year. The Nasdaq advanced 0.75 percent.
Japan's Nikkei was also supported by news the economy grew 0.6 percent -- or an annualised rate of 2.2 percent -- in the three months to December.
While the rate was slower than the 0.9 percent expected, it comes after the world's third-largest economy had contracted for a second straight quarter in July-September.
"Even though it missed estimates, the figures are positive which means at least the direction of the recovery is right," Ayako Sera, a markets strategist at Sumitomo Mitsui Trust Bank in Tokyo, told Bloomberg News.
"I would say the data today is mixed. People haven't completely lost hope on growth."
On currency markets the dollar fetched 118.60 yen, against 118.74 yen in New York.
The euro was at $1.1408 and 135.27 yen compared with $1.1393 and 135.29 yen.
Oil prices edged higher as dealers cheered signs of reduced crude production following figures last week that showed a further drop in drilling activity.
US benchmark West Texas Intermediate for March delivery gained 15 cents to $52.93 while Brent for April rose 13 cents to $61.65.
Gold fetched $1,230.21 an ounce, against $1,225.23 on Friday.
Share 2
Tweet
Best of Yahoo News
Thatcher Faragestory
UKIP are 'old stench of Thatcherism'
Fat cat dietstory
Oscar the 11kg cat put on diet
Cancerstory
Phone app knows if you have cancer
Cash machine kind strangerstory
Shopper hunts for £70 cashpoint stranger
Glow in the dark carstory
Introducing the glow-in-the-dark car
Facebook 'Legacy Contact' can take over if you diestory
Who controls Facebook when you die?
There are no comments yet
Editor's Picks
1 - 4 of 59
Featured videos
Sporadic Gunfire Continues In Eastern Town Of Debaltseve
2:24
Sporadic Gunfire Continues In Eastern Town Of Debaltseve
Duchess Of Cambridge Shows Support For Children's Mental Health
1:49
Duchess Of Cambridge Shows Support For Children's Mental Health
The Review Of Monday's National Newspapers
2:11
The Review Of Monday's National Newspapers
A Round-Up Of All The Latest Action
2:30
A Round-Up Of All The Latest Action
Monday's Forecast
2:30
Monday's Forecast
Fragile Ceasefire In Ukraine Appears To Be Holding
2:24
Fragile Ceasefire In Ukraine Appears To Be Holding
Danish Shooting Suspect Had 'Violent History'
3:39
Danish Shooting Suspect Had 'Violent History'
A Round-Up Of All The Latest Action
1:27
A Round-Up Of All The Latest Action
Funeral Of Schoolboy Who Died After Playground Altercation Takes Place
1:49
Funeral Of Schoolboy Who Died After Playground Altercation Takes Place
Ukraine's Military Says Ceasefire Is Being Observed "in general"
1:56
Ukraine's Military Says Ceasefire Is Being Observed "in general"
HSBC Issues Apology Over Banking Standards
2:37
HSBC Issues Apology Over Banking Standards
Poorly Constructed Housing Block Crumbles In India
0:54
Poorly Constructed Housing Block Crumbles In India
Today on Yahoo
1 - 8 of 43
(0)
(0)
I'm in it to win it!
NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'
NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'
Scroll down for more posts ▼