Excerpt from: Stock Indices CFDs and Spread Bets
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| February 22, 2007 | | Nikkei 225 stock index above 18,000 | The Nikkei 225 stock index is on the rise. Originally, the rate boost was expected to hurt Japanese stocks, but with the Bank of Japan insisting that the interest rate rises would not be consecutive, the stock index recovered and began to rise. Spread bets and CFDs on the Nikkei 225 stock index should consider this news from Bloomberg:
Japanese stocks rose with the Nikkei
225 Stock Average surpassing 18,000 for the first time in more
than six years. Canon Inc. paced gains by exporters as the yen
dropped after the Governor of the Bank of Japan said interest
rates would be increased `gradually.'
``The fact that we could confirm that interest rate
increases will not be consecutive eased concern over the
currency trend and pushed exporter stocks higher,'' said
Masayuki Kubota, who oversees $2.1 billion in assets at Daiwa SB
Investments Ltd. in Tokyo. | | |
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