Equity markets in Asia are growing at data on industrial production in the U.S. and rising oil prices
By admin at 19 March, 2010, 7:16 am
Trading on the stock markets of the Asia-Pacific Region (APR) opened growth on Tuesday due to positive data on industrial production in the U.S. and higher oil prices, reports Bloomberg.
Composite stock index MSCI Asia Pacific Asia Pacific rose by 1% - to 117,39 points. The growth rate is the highest since Jan. 14.
Japanese Nikkei 225 index added 1.5%, Chinese Shanghai Composite - 0,8%. Australia SP /ASX 200 rose by 1,8%, demonstrating the fastest growth among the indicators of the region, after the country"s central bank left the overnight interest rate unchanged at 3.75% per annum.
oil rises in price the second consecutive day, its price has increased during this period by 1,4%, the cost of copper has increased by 0,6% in the morning on Tuesday.
growth rate of industrial production in the U.S. in January were the highest since August 2004, that has given investors confidence in the sustainable reconstruction of the world"s largest economy.
index of manufacturing activity in the U.S. (ISM Manufacturing) in January unexpectedly rose to 58.4 points compared with 55.9 points a month earlier, according to the Institute of Supply Management (ISM). Experts predicted a decline to 55.5 points.
Excess
index mark of 50 points means increased business activity in the industrial sphere. The fall of the index to 50 points or less said about its decline.
"The world has become much better in economic terms than it was 12 months ago, and it"s a good reason to believe that the market will grow," - says one of the heads of investment company Platypus Prasad Patkar.
value of shares of the Japanese electronics maker Canon Inc. increased by 2,7% against the background of data on the sustainable reconstruction of the U.S. economy. The company gets 28% of revenue in the Americas.
Quotes securities of the world"s largest automaker Toyota Motor Corp. climbed 4.5% after the announcement of the resumption of production in those regions where it was suspended.
price of securities of the Japanese Mitsui Mining Smelting Co. jumped 7.2% due to improved earnings outlook.
Australia"s Westfield Group, the largest operator of shopping centers in the world largest market capitalization, has increased the value of shares on 4,5% after the announcement of the dividend payment.
fastest growth among the mining companies show the APR group as well as positive data on industrial production in the United States allow them to rely on an increase in revenues and profits.
&b6c;lt;p> rate securities the world"s leading mining group BHP Billiton Ltd. increased by 3,2%, the third largest sector company Rio Tinto increased its capitalization to 5,3%.
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