Europe Hopes Ease Asia Higher, Europe Markets Open Up
An ongoing believe that the problems with European debt will be addressed soon helped Asia tick higher. The Nikkei 225 moved higher .6% to 8,696. The Hang Seng was up .73% to 19,180. Europe exchanges also made modest moves up.…
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An ongoing believe that the problems with European debt will be addressed soon helped Asia tick higher.
The Nikkei 225 moved higher .6% to 8,696. The Hang Seng was up .73% to 19,180.
Europe exchanges also made modest moves up. The FTSE 100 was higher by .21% to 5,564. The DAX was up .44% to 6,108.
According to MarketWatch, banks did particularly well “as investors looked ahead to a meeting between French President Nicolas Sarkozy and German Chancellor Angela Merkel to prepare for a key European summit later in the week.”
US unemployment data probably also helped the markets. Government information showed the the jobless rate in the US fell to 8.6% as the economy added 120,000 jobs. It is still widely believed that if the American consumer economy can regain its footing EU exporters will have a place to send manufacturered goods.
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