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Global markets in green after Governments steps

October 14th, 2008

Good words from Governments from round the world have helped the stock markets to surge into the green territory with confidence. Nikkei hits its sharpest single day upward move.

All Asia Pacific markets except for the Shanghai Composite have closed the day in the green. Nikkei is up over 14%, the sharp uptrend being considered a record sort of in its history. Jakarta Composite and Seoul Composite are the other two block buster markets of the day from the Asia region. The National Stock Exchange of India had a great opening but had a roller coaster ride downwards only to close in the green by 0.80%. CNX IT stocks are up 4.62% today.

The European markets too continued their momentum for the second day. DAX closed up 217 points or 4.29% while CAC 40 is up 181.60 points or 5.14%

The US markets opened their in the green too. The NASDAQ though is down about a percentage point. The 10 year bond is at 4.0090% up by 0.1480. Energy, Finance and Health care sectors are upwards while Technology, Basic metals and Transportation looking downwards.

1 U.S. dollar = 47.7691 Indian Rupees
1 U.S. dollar = 102.5851 Japanese Yens
1 U.S. dollar = 0.7278 Euros
1 Ounce Gold = $832.40

Entry Filed under: Global Markets