Categories: Economics / Markets
Topics: FTSE 100| nikkei 225
Japan's leading share index extended its winning streak to six days overnight, it's longest spell of consecutive positive returns since March's earthquake and tsunami.
The Nikkei 225 had risen 4% rise over the previous five trading days and last night edged up a further 0.1% to 9,972.46.
The biggest winner has been Tokyo Electric, which climbed 5.1% after announcing that its self-contained cooling system is up and running at its crippled nuclear plant.
Traders said the gains in Japan had been driven by optimism that Greece would avoid default.
Japanese companies are also recovering faster than expected, boosting shares.
It was mixed for other Asian markets however, with the Hang Seng Index down slightly by 0.07% to 22,731.50.
In London, the FTSE 100 continued to strengthen, up at 6,017.54 in early trading after gaining 0.46%.
Yesterday the London index pushed past the 6,000 point barrier for the first time in a month, despite Standard & Poor's warning over Greece. The ratings agency had warned that the voluntary rollover proposed by France's government would effectively count as a default if approved.
| Share | |
| Comment | Nikkei enjoys longest winning streak since 'quake |
More economics / markets news
Email alerts
Recommended reading
Categories
Topics
Comments
Related articles
Most Read
This year we have 14 awards designed to mark out the very best products in a highly competitive and innovative market. This includes three new awards for 2011 to reflect the developments in this rapidly growing market: Best Dual/Multi-Index Product, Best Structured (Oeic) Fund and Best Structured Product Provider.
Events
Poll
|
|
Job search
Ifaonlinejobs will open the right investment career path for you. Search hundreds of vacancies on www.ifaonlinejobs.co.uk now
In Focus
Two months left before the ‘real RDR deadline’ – are you compliant with the required professional...
Viewpoints
Recent market uncertainty has seen extreme volatility in investment markets over the last...
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment