You are here: Home - Investing -

Asian markets continue global rally

0
Written by:
07/09/2012
Asian markets continued the global stock market rally, following yesterday's unveiling of the ECB's bond buying plans, with some indices up 3.8%.

Yesterday the FTSE 100 jumped 2.1% to close at 5,777.34 points after the ECB president Mario Draghi announced potentially unlimited bond purchase plans and yields on benchmark Italian government debt touched five-month lows.

US markets posted similar gains with the S&P 500 up 2.04% to 1,432.12 as investors took comfort from the ECB that peripheral countries would be supported.

Borrowing costs for some of the larger economies, such as Spain and Italy, had in recent months risen to levels considered unsustainable. This lead to concerns they would no longer be able to borrow any more money, potentially derailing the global economic recovery.

Asian markets, which rely heavily on Europe for exports, posted significant gains with Japan’s Nikkei 225 up 2.20% to 8,871.65 while the Hang Seng index climbed 2.60% to 19,709.17.

However, the Shanghai index was soaring ahead, jumping 3.77% to 2,129.20.

 

 

 

 

Tag Box

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

ISAs: your back-to-basics guide for 2018/19

Here’s everything you need to know to make the most of your unused ISA allowance ahead of the 5 April deadli...

A guide to Sharia savings accounts

A number of Sharia savings products have upped their game in recent months, beating more familiar competitors ...

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
Bank of England keeps base rate and QE on hold

The Bank of England has decided to keep the base rate unchanged at 0.5% for the 42nd month in a...

Close