“Finance News: Tokyo, Shanghai, Hong Kong, and Sydney Open with Plus Signs as Oil Prices Fall”

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The Tokyo Stock Exchange starts trading with a sustained increase, following the advance of the US stock indexes with investors confident of a resolution of the stalemate in the US Congress over the US debt ceiling and the avoidance of a default. At the beginning, the Nikkei reference list rose by 1.11% to 30,428.81, adding 335 points. On the foreign exchange market, the weakening of the yen against the dollar to 137.30 and against the euro to a value just below 149 continues. Shanghai, Hong Kong and Sydney also grow while oil prices fall.

In the Old Continent, with regard to macroeconomic data, eyes are focused on the Acea data for the month of March on car registrations in Europe. Data on jobless claims, existing unemployment benefits, but also the Philadelphia index for May and existing home sales in April are expected from the US.

The latest close was up for Wall Street, with the Dow Jones gaining 1.24% to 33,421.23 points; the Nasdaq rose 1.28% to 12,500.57 points while the S&P 500 closed up 1.17% to 4,158.03 points

Caught between the knot of US debt – despite there being glimmers of political agreement – the skepticism of central bankers about a future cut in US rates and high inflation in the Eurozone (7% the Eurostat figure for April), the European stock exchanges however, they closed trading with indices that moved little on a day characterized by a further decline in the euro against the dollar.

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