The story appears on

Page B8

December 30, 2009

GET this page in PDF

Free for subscribers

View shopping cart

Related News

Home » Business » Finance

World stocks maintaining rally

WORLD stocks floated below year highs yesterday, extending a rally with Britain's FTSE rising to pre-Lehman levels. Wall Street looked set to join in with gains at the open.

The dollar was weaker, 10-year euro zone government bond yields hit six-week highs and the cost of insuring European company debt through credit default swaps fell to a year low. MSCI's all-country world stocks index was up about a third of a percent, around half a percent below its 2009 high on December 3.

The index has gained some 32 percent this year and is up nearly 75 percent from a March 9 low. European shares gained, with the FTSEurofirst 300 up 0.4 percent, rising for the sixth consecutive session.

Earlier, Japan's benchmark Nikkei edged up 3.83 points at 10,638.06. But it hit a fresh four-month intraday high of 10,683.12 in early trade.

A greater risk appetite among investors weakened the dollar while the euro and higher yielding currencies such as the Australian dollar gained.

Against the yen, the dollar stayed supported. It was a third of a percent down against a basket of major currencies.

The euro was at US$1.4445 and the dollar bought 91.63 yen.


Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.

沪公网安备 31010602000204号

Email this to your friend