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Asian stocks rise after upbeat U.S. data although Fitch cut growth forecasts
In when the markets in the atmosphere of the holidays, upbeat U.S. data continues to pay benefits end of the year, despite continuing concerns about the European debt crisis that have not yet been resolved and that weigh on sentiment.
Although the risks facing the European financial system continues to worsen, the establishment of the European Council of systemic risk (European Systemic Risk Board), which is supposed to act as guardian of the system as announced on Thursday eased fears.
Therefore, the appetite for risk and the demand for high-yield assets expanded, especially after the presentation of data from the U.S. optimistic signs that the world's biggest economies in the healing phase, with lower grant requests to read the record is at least 3 years and a half, while the issued consumer confidence reading is the highest within 6 months.
Today, personal spending could rise to 0.3% for the month of November from the previous 0.1% in the United States, is also expected that new home sales rise to 315 thousand, and orders for durable goods may rise to 2.2% for the month of November of the previous -0.7%.
Will also focus on Erurba, where the Italian Senate approved the vote of confidence in the government's austerity program of the Italian $ 33 billion euros by the Prime Minister Mario Monti.
MSCI index of Asia excluding Japan fell today by 1.3% in at 15:09 in Hong Kong despite the expectations that have decided to weak Asian impact and agency Fitch cut its forecast for growth in the region that has become more vulnerable to the crisis of European debt.
Financial markets in Japan closed today because of the holiday, while in Seoul and the won has risen Kospi index rose by 1.07% to close at 1867.22 after Moody's said the outlook for stable North Korea after the death of Kim Jong Il.
In Australia Index S & P / ASX 200 rose 1.21 percent to close at 4140.40 to the high prices of goods driven by upbeat U.S. data which refers to the recovery of its economy, although the circulation is diminished as we enter the holiday of Christmas.
New Zealand's NZX 50 index rose by 0.26 percent to close at 3215.50 after it hit the country a series of earthquakes which struck the city of Christchurch, causing some damage.
U.S. economy gains strength brought to China and Hong Kong as well, where the index CSI 300 0.76% only to end at 2359.16, as Hans Seng index rose 1.37% to close at 18629.17.
In India Index BSE Sensex 30 by 0.59% to close at 15720.48. The benchmark Taiwan Taiex Index rose 2.07% to close at 7110.73. Index in Indonesia Jakarta Composite Index by 0.40 percent to close at 3780.19 points, while the FTSE Straits Times Index of Singapore fell by 0.42% at 2675.59.
In when the markets in the atmosphere of the holidays, upbeat U.S. data continues to pay benefits end of the year, despite continuing concerns about the European debt crisis that have not yet been resolved and that weigh on sentiment.
Although the risks facing the European financial system continues to worsen, the establishment of the European Council of systemic risk (European Systemic Risk Board), which is supposed to act as guardian of the system as announced on Thursday eased fears.
Therefore, the appetite for risk and the demand for high-yield assets expanded, especially after the presentation of data from the U.S. optimistic signs that the world's biggest economies in the healing phase, with lower grant requests to read the record is at least 3 years and a half, while the issued consumer confidence reading is the highest within 6 months.
Today, personal spending could rise to 0.3% for the month of November from the previous 0.1% in the United States, is also expected that new home sales rise to 315 thousand, and orders for durable goods may rise to 2.2% for the month of November of the previous -0.7%.
Will also focus on Erurba, where the Italian Senate approved the vote of confidence in the government's austerity program of the Italian $ 33 billion euros by the Prime Minister Mario Monti.
MSCI index of Asia excluding Japan fell today by 1.3% in at 15:09 in Hong Kong despite the expectations that have decided to weak Asian impact and agency Fitch cut its forecast for growth in the region that has become more vulnerable to the crisis of European debt.
Financial markets in Japan closed today because of the holiday, while in Seoul and the won has risen Kospi index rose by 1.07% to close at 1867.22 after Moody's said the outlook for stable North Korea after the death of Kim Jong Il.
In Australia Index S & P / ASX 200 rose 1.21 percent to close at 4140.40 to the high prices of goods driven by upbeat U.S. data which refers to the recovery of its economy, although the circulation is diminished as we enter the holiday of Christmas.
New Zealand's NZX 50 index rose by 0.26 percent to close at 3215.50 after it hit the country a series of earthquakes which struck the city of Christchurch, causing some damage.
U.S. economy gains strength brought to China and Hong Kong as well, where the index CSI 300 0.76% only to end at 2359.16, as Hans Seng index rose 1.37% to close at 18629.17.
In India Index BSE Sensex 30 by 0.59% to close at 15720.48. The benchmark Taiwan Taiex Index rose 2.07% to close at 7110.73. Index in Indonesia Jakarta Composite Index by 0.40 percent to close at 3780.19 points, while the FTSE Straits Times Index of Singapore fell by 0.42% at 2675.59.
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