» 06/11/2012, 00.00
ASIA - EU
Asian stock markets recover after aid to Spanish banks
Hong Kong Stock Exchange opens up 2.35. Shares of companies that export to Europe also increase. Positive market data of Chinese trade: in May exports grew by 15.3; imports by 12.7 in a year. Price of oil and copper up due to increase in Chinese imports.
Hong Kong (AsiaNews) - The stock exchanges in Asia are swiftly recovering after Spain received a loan of 100 billion to save its banks. The Hong Kong stock exchange opened this morning with a + 2.35, while the MSCI Asia Pacific Index rose 1, 8.
The Eurogroup's decision to provide 100 billion - more than is strictly necessary to remedy the Spanish banks, burdened with bad debt - have injected confidence into world markets because it shows Europe's desire deal with the crisis.
The euro has also strengthened to 1.26 against the dollar and other Asian currencies, the lowest since May 23 last year. Over the past six months, the European currency had lost 3.5%.
The hopes of Europe are also reflected on companies that export to Europe. Japan's Canon, which depends on the old continent for at least one third of its sales, has now seen its shares rise by 2.2%.
Added to the growing optimism is recent data of a growth in Chinese trade. In May, it rose by 15.3%, more than expected. Imports also rose by 12.7%, almost double than expected, running around on the 5.5. But many economists argue that this recovery is not consistent, since there are other indications to the contrary, like industrial production and retail sales.
Oil prices for July were up 3% in New York. Analysts correlate this increase with the publication of data from China, which in May increased imports of crude oil. The same is true of copper, increased by 2.5%, after imports of the metal in China alone grew by 12%.
12/06/2012 ASIA - EU
Asian markets drop after euphoria over Spain cools and fears for Italy and Greece emerge
Stock markets drop to almost 1%. Lack of commitment on growth. For China aid to Spain contain short-term crisis, but no safeguard to stability. On 17 June, Greece votes for or against the euro.
Asian stock markets gain after United States default deal
Tokyo closes up 1.34%, Manila + 1.04. Positive openings in Hong Kong and Mumbai.
Asia stock markets plummet amid fears of new global crisis
All markets slide, some loosing up to 5%. A decline or stagnation of U.S. and European economies feared, with a reduction in consumption and exports from Asia. The G-7 promises to "support financial stability and growth." The ECB seems intent on buying Italian and Spanish bonds. The economies of many Asian countries at risk of. China’s criticism.
Asian markets plummet after Republican say no to Boehner plan
Concerns about the United States public debt cause a general decline in stocks. Tokyo looses 0.69%, following the collapse of shares in technology. Hong Kong and Shanghai fare no better.
Asian stocks plummet over Eurozone debt and US “default” fear
Tokyo drops 1.53, Seoul 2.2 in, Hong Kong 2, Shanghai 1.26. Yesterday, the European stock markets were all negative. The European Ministers of Foreign Affairs draw up a new plan to save Greece. Standoff between Obama and the House of Representatives continues over whether to raise the debt ceiling to more than 14.3 trillion dollars
Pope Francis tells young people that “genuine love” is not a “soap opera”, but Christians’ real identity card
In his homily for the Jubilee of Teens, Pope Francis asked questions and gave answers to the 70,000 present. Stressing the great ideal of love as giving oneself “without being possessive”, he noted that freedom is “being able to choose the good”. He warned young people “who dare not dream,” telling them that “If you do not dream at your age, you are already ready for retirement”. He also received funds raised for the Ukraine, and appealed for the release of bishops and the priests held in Syria.
Odd alliance between the US and Iranian fundamentalists
Washington is still preventing the use of US dollars in transactions with Iranian banks, preventing business with the outside world in spite of the nuclear deal. This way, the US is helping Khamenei and the Revolutionary Guards, who want to torpedo the agreement in order to maintain their hold on power. Meanwhile, most Iranians hold down two or three jobs just to make ends meet. An unstable and bellicose Iran is a boon for arms sales. A report follows.
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