City Index

Nikkei 225 Rises As Eurozone Hopes Rally

 

London, England -- (SBWIRE) -- 09/27/2011 -- Spread betting provider City Index (http://www.cityindex.co.uk/) takes a look at the financial activity shaping the markets on 15th September 2011.

The Nikkei 225 has shot up this morning (September 15th) following comments made by the leaders of France and Germany.

Japan's premier stock index had closed on 8,668.86 points, a hike of 1.76 per cent on yesterday's finish.

Share prices of Asian stocks rose after French president Nicolas Sarkozy and German chancellor Angela Merkel stated their support for the eurozone.

They revealed they want Greece to continue using the single currency, which may have led some investors to believe they therefore want to prevent the country from defaulting on its debt.

In a phone call to Greek leader George Papandreou, Sarkozy and Merkel reiterated the importance of pushing forward with austerity measures, with a statement by the French government noting: "The implementation of the commitments of the [programme] is essential for the Greek economy [to] regain the path [to] a sustainable and balanced growth."

Meanwhile, the Hang Seng Index had slightly retreated by 0.01 per cent as of 08:45 BST.

See the City Index Economic Calendar for more information on the latest market moving events.

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