Economy
In reply to the discussion: STOCK MARKET WATCH, Friday, December 16, 2011 [View all]Ghost Dog
(16,881 posts)CANBERA (dpa-AFX) - Asian shares snapped a three-day losing streak on Friday, as a successful Spanish bond auction and signs of strength in the world's largest economy helped investors overlook the gloomy European developments...
... Japanese rose modestly, snapping three days of losses, as upbeat U.S. economic data helped offset concerns over squeezing credit conditions for European banks. The Nikkei average rose 0.3 percent and the broader Topix index closed up 0.2 percent...
... China's Shanghai Composite index rose two percent, ending a six-session losing streak, on speculation that the government will cut lenders' reserve-requirement ratios again in the near term following suspected dollar-selling intervention by state-run banks, who often act on behalf of the central bank. Hong Kong's Hang Seng index closed 1.4 percent higher, with Chinese property developers leading the gainers.
... Australian shares posted modest gains, snapping a three-day losing streak, with positive offshore leads helped by encouraging U.S. and German manufacturing PMI data bolstering investor sentiment. Both the benchmark S&P/ASX 200 and the broader All Ordinaries index closed up around half a percent each...
... India's Sensex was last trading down over two percent, erasing early gains, after the Reserve Bank of India kept key policy rates unchanged, taking into account the inflation situation and also growth moderation. ' We will manage liquidity through market operations (but) I cannot speculate when we might start cutting rates,' governor D Subbarao said...
/... http://www.finanznachrichten.de/nachrichten-2011-12/22231609-asian-shares-advance-on-us-data-020.htm