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Japan economy
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maxsyn
Veteran |
21-Nov-2006 15:57
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Sensitive to US economy. Fund channels to China. Shen Zhen up another 61pts. |
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Nostradamus
Supreme |
21-Nov-2006 01:40
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SGX will list the US dollar-denominated Nikkei 225 Index Futures contract on Friday, November 24. It said that the move will allow institutional and international investors the flexibility to hold their portfolios in yen and/or US dollars, according to their investment and trading needs. SGX said that the new US dollar contract will start trading at 11.30 am this Friday and its first contract month will be December this year. Wonder if today's plunge in the Nikkei got something to do with this news? Maybe they sell first and then buy cheaply when the futures are listed. |
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maxsyn
Veteran |
15-Nov-2006 14:15
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Nikkei lost steam... |
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terencefok
Master |
14-Nov-2006 23:29
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Japan shiok??? My Japan unit trusts managed by Lion Capital and AIA all not shiok. Currently losing about 10%. All dont seem to be moving up.. | ||||
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maxsyn
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14-Nov-2006 22:07
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tanglinboy
Elite |
14-Nov-2006 22:01
Yells: "hello!" |
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If Japan shiok = Asia shiok = Singapore shiok !! | ||||
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maxsyn
Veteran |
14-Nov-2006 21:02
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Nov. 14 (Bloomberg) -- Japan's economy grew twice as fast as expected in the third quarter, spurring gains in bond yields and the yen on speculation the central bank may raise interest rates as soon as next month to cool surging corporate spending. Gross domestic product in the three months ended Sept. 30 grew an annualized 2 percent, the Cabinet Office said in Tokyo today. Second-quarter growth in the world's second-largest economy was revised to 1.5 percent from 1 percent. Bank of Japan Governor Toshihiko Fukui said last week the central bank needs to act ``in advance'' to prevent the lowest interest rates among major economies from triggering excessive capital investment. The Nikkei 225 Stock Average had the biggest gain in five weeks as the longest expansion since World War II increases profits. ``We think the next rate increase will be in January, and won't rule out the chances of a December move,'' said Ryutaro Kono, chief economist at BNP Paribas in Tokyo. Today's report prompted Kono to bring his forecast for a rate increase forward from the fourth quarter of 2007. The yen rose to 117.58 per dollar at 3:08 p.m. in Tokyo from 118.04 before the report. The Nikkei 225 advanced 1.7 percent at the close. The yield on five-year notes rose 8 basis points, the most in more than five months, to 1.24 percent. The median forecast of 33 economists surveyed by Bloomberg News was for the economy to expand at an annual rate of 1 percent. GDP grew 0.5 percent from the previous quarter, beating the 0.2 percent forecast. |
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