Tuesday, January 22, 2013

Japanese Yen Higher as Bank of Japan Starts Crucial Meeting, US Dollar Falls as Some Investors Take Profits

Latest news Eurozone, European stocks flirt with two-year highs, FTSE All-World equity index is up 0.1 per cent as the dollar index dips 0.1 per cent, but Nikkei 225 slips ahead of Bank of Japan policy decision

Meanwhile, Richemont sales miss spooks luxury stocks, Fashion houses and jewellery stocks, which rallied strongly recently, are back under pressure in Europe on fresh signs of slower Chinese spending

Economic self-interest won't aid recovery, Autarky is a natural way to help in the management of competitive pressures but the trend will destroy market forces and create social tensions

From China stocks, Cheap stocks and reform hopes lift China, Analysts say valuations are still low but warn that the rally could be shortlived if the new government fails to deliver on reforms

Japanese Yen higher as BoJ starts crucial meeting, Dollar falls as some investors take profits ahead of the two-day Tokyo session which is expected to result in a major policy overhaul

Admiral leads FTSE 100 on Goldman boost, The specialist car insurer is given a lift after being placed on the broker's 'conviction buy' list, while the wider index closes in on 6,200 points

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