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U.S. Lead Asian And European Markets Higher

ByAvaTrade
AuthorAvaTrade
Published 06/14/2013, 06:19 AM
Updated 02/02/2022, 05:40 AM

Asian markets bounced back by recovering some of their losses on the final day of trading. The Nikkei 225 was the best performing index during the session, closing with a gain of 1.94%. The index is officially out of bear territory with the help of Friday’s pullback which it re-entered on Thursday. The Shanghai index was the second best performer, closing with a gain of 0.64% while the Hang Seng index also jumped by almost 0.39%.

Investors were thankful for these gains in Asia. Traders were also thankful for a string of positive data from Wall Street Thursday, which increased their appetite for riskier assets and pushed the global markets up from their lows.
Back in Tokyo, exporters recovered some of their losses despite the weakness in the dollar. The shares of Mazda Motor Corp. and Casio computers both gained almost 3.5% and 4.2% respectively. Real estate sectors also upturned; Mitsui Fudosan Co and Mitsubishi Estate Co. both gained 3.8% and 4.2% respectively.

European stock markets also traded higher, building up further gains on top of yesterday’s gains during early trading. The DAX was the best performing index during the session, up by nearly 0.80%. The IBEX 35, FTSE 100 and CAC 40 all traded higher with a gain of 0.52%, 0.40% and 0.37% respectively.

Renault SA traded higher by almost 2.1% after being added to a focus list by Citi bank. Glencore Xstrata PLC is also trading higher with a gain of 1.9% on the back of news that the company signed up a $17.3 billion reveling credit deal.

DISCLOSURE & DISCLAIMER:
The above is for informational purposes only and NOT to be construed as specific trading advice. responsibility for trade decisions is solely with the reader.

by Naeem Aslam

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