Positive Dynamics in World Markets Indexes

123jump.com Staff
11 Feb, 2010
New York City

World markets rebounded after positive economic news from China and strong consumer demand in India. European markets traded higher after Greece, Germany and France inch closer to a financial assistance package. Australian unemployment drops to an 11-year low.

[R]9:00 AM New York – World markets rebounded after positive economic news from China and strong consumer demand in India. European markets traded higher after Greece, Germany and France inch closer to a financial assistance package. Australian unemployment drops to an 11-year low.[/R]

World markets traded higher as the prospect of sovereign defaults at smaller nations in Europe receded and China reported a sharp increase in lending and smaller than expected increase in inflation.

The EU engineered a bilateral bailout that offered financial assistance to Greece helped market sentiment to improve in the euro zone. The euro advanced against the dollar by more than 0.3% and spreads on the Greek bonds to the German bunds declined to 54 basis points.

The benchmark index in India closed up sharply after demand for housing and industrial products lifted the earnings outlook for the current quarter.

Australian employers added nearly three times more than expected jobs in January.

Asian Markets Review

Hang Seng index in Hong Kong increased 368.47 or 1.85% to 20,290.69, and CSI 300 index in China higher 6.27 or 0.20% to 3,220.40. ASX 200 index in Australia increased 40.90 or 0.91% to 4,554.30. The FTSE Bursa KL Composite index in Malaysia was higher 3.25 or 0.26% to 1,249.42. Markets in Japan were closed today.

The Kospi Index in South Korea increased 27.69 or 1.76% to close at 1,597.81. SET index in Thailand closed higher 7.00 or 1.02% to 695.41. JSE Index in Indonesia increased 24.31 or 0.98% to 2,507.75. The Sensex index in India increased 230.42 or 1.45% to 16,152.59.

Europe Markets Review

In London FTSE 100 Index traded higher 49.05 or 0.96% to 5,181.04, in Paris CAC 40 Index increased 24.59 or 0.68% to 3,660.20 and in Frankfurt DAX index traded higher 17.57 or 0.32% to 5,553.94. In Zurich trading SMI increased 75.09 or 1.19% to 6,409.08.

ASX 200 Index Movers

Telstra Corporation Limited led the decliners in the ASX 200 index of 5.0% followed by losses Hills Industries Limited of 3.3%, in Crown Limited of 2.6%, in Aristocrat Leisure Limited of 2.6% and in TOWER Australia Group Limited of 2.5%.

CuDeco Limited gainers in the ASX 200 index with a rise of 15.2% followed by gains in Karoon Gas Australia Ltd of 9.3%, in Mount Gibson Iron Limited of 9.2%, in FKP Property Group of 8.5% and in PanAust Limited of 7.8%.

Nikkei 200 Average Movers

Markets in Japan were closed today.