Japan GDP Grows , Manufacting Grows and the Nikkei continues the rally .

Japan GDP raises Nikkei to 15-year high as Asia’s shares dip 

Asian shares took a dip earlier today during a varied day on Wall Street, yet Japan’s better-than-predicted economic growth raised the Nikkei to a 15-year high. 

The dollar climbed a two-month high versus the yen after positive US housing data, and as the euro remained stressed by anticipations that the European Central Bank would increase its bond-buying stimulus as well as on new apprehensions about Greece. 

Athens will not make a payment to the International Monetary Fund that is due on June 5 if there is no deal with its creditors by then, the government’s parliamentary speaker said. 

European shares were seen giving back some of the previous session’s advances, with financial spread betters predicting Britain’s FTSE 100 .FTSE to open around 0.1% lower, and Germany’s DAX .GDAXI and France’s CAC 40 .FCHI were each seen down about 0.4%. 

MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was down about 0.2%. 
Yet, the Nikkei stock index .N225 ended up 0.9% at a fresh 15-year peak, catching a tailwind from a weaker yen and after data showed Japan’s economy expanded at a 2.4% annualized rate in the January-March period. That was its fastest pace in a year, exceeding the consensus appraisal for 1.5% growth. 

  1. No trackbacks yet.

You must be logged in to post a comment.
%d bloggers like this: