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Title: WASHINGTON — One is up, one is out, one is in, and one remains the perceived frontrunner. By Andrea Melendez, The Des Moines Register, via Gannett First female winner: Rep. Michele Bachmann won Saturday's straw poll in the Republican presidential ra
Source:
Bloomberg
URL Source: http://www.bloomberg.com/news/2011- ... dp-boost-economic-outlook.html
Published: Aug 14, 2011
Author: staff
Post Date: 2011-08-14 21:59:59 by buckeroo
Keywords: None
Views: 2573
Comments: 5
Toyota Motor Corp. (7203), the largest carmaker by market value, climbed 2.4 percent in Tokyo. BHP Billiton Ltd. (BHP), the world’s largest mining company, gained 3.4 percent amid optimism metals demand will pick up. Melbourne-based Ansell Ltd. (ANN), the world’s No. 1 maker of surgical gloves, jumped 4.3 percent after full- year net income beat analyst targets. The MSCI Asia Pacific Index rose 0.8 percent to 122.94 as of 9:49 a.m. in Tokyo, with about 10 stocks advancing for each that declined. The gauge dropped for the third straight week last week after Standard & Poor’s cut its rating on U.S. credit and as concern grew Europe’s debt crisis will spread, triggering speculation the economic recovery will weaken. “People had been worried about the U.S. economy over the medium term, but after retail sales and an earlier jobs report exceeded estimates, people’s fears weren’t amplified,” said Kazuhiro Takahashi, a general manager at Daiwa Securities Capital Markets Co. in Tokyo. “There will be some buying in exporters and large-cap stocks.” Japan’s Nikkei 225 Stock Average climbed 1.3 percent after the Cabinet office reported gross domestic product shrank at an annualized 1.3 percent rate in the three months ended June 30. The median forecast of 25 economists surveyed by Bloomberg News was for a 2.5 percent drop. Australia’s S&P/ASX 200 Index gained 1.8 percent. Markets in India and South Korea are shut for a public holiday. Futures on the U.S. S&P 500 Index advanced 0.8 percent. The gauge rose 0.5 percent on Aug. 12, capping the biggest two-day advance for benchmark indexes since March 2009, after the Commerce Department reported a 0.5 percent increase in retail sales for July. Asian stocks rose following the longest series of weekly losses since June after U.S. retail sales increased by the most in four months and Japan’s second- quarter gross domestic product beat economist estimates.
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#1. To: All (#0)
(Edited)
Stone, I use the wrong link: Asian Stocks Rise on U.S. Retail, Japan GDP
You wuz hacked! The economy is rebounding because Bachmann won the Ames straw poll?
Obama's watch stopped on 24 May 2008, but he's been too busy smoking crack to notice.
Nice job with the title, indeed! ;)
Never swear "allegiance" to anything other than the 'right to change your mind'!
ROTFL. Nope, I used the wrong link. Sorry about that.
LOL, it was a minor error in open browsers.
#2. To: buckeroo, *Ron Paul for President* (#1)
I use the wrong link
"We (government) need to do a lot less, a lot sooner" ~Ron Paul
#3. To: buckeroo (#0)
#4. To: hondo68 (#2)
The economy is rebounding because Bachmann won the Ames straw poll?
#5. To: Brian S (#3)
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