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Europe Hopes Ease Asia Higher, Europe Markets Open Up

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published

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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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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