Tuesday, April 17, 2012

Tokyo Stock nikkei futures rose april 18 2012

Tokyo Stock nikkei futures rose april 18 2012 : Japanese shares rose, with the Nikkei 225 (NKY) Stock Average heading for its biggest advance in three weeks, after the International Monetary Fund raised its global economic forecast and Spain sold more debt than its target, boosting the earnings outlook for Japanese exporters.

Sony Corp., a consumer electronics company that gets a fifth of its sales in Europe, added 1.7 percent. Sumitomo Mitsui Financial Group Inc. (8316), Japan’s second-biggest lender by market value, rose 2.6 percent. Inpex Corp. (1662), the nation’s No. 1 energy explorer, advanced 1.6 percent on rising crude prices.

The Nikkei 225 gained 1.6 percent to 9,618.33 as of 9:11 a.m. in Tokyo, heading for its biggest gain since March 27, with all but four stocks gaining. The broader Topix Index added 1.7 percent to 817.03 with all 33 of the gauge’s industry groups advancing.

“The environment for equities is pretty good,” said Donald Williams, chief investment officer at Platypus Asset Management Ltd. in Sydney, which manages about $1 billion. “Even though 2012 is going to be a tough year because most of Europe will be in recession for a large part of this calendar year, you are still looking at a global growth rate of 3.5 percent, which is a pretty decent.”

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