The Traderszone Network

16 March, 2011 by James McBride

Gold Up, Housing Down

Blue line is Percent Change From Preceding Per...
Image via Wikipedia

Japan’s Nikkei jumped 5.7% after its worst two-day performance since 1987. However, investor sentiment in the region remains uncertain, given the ongoing crisis at the crippled Fukushima Daiichi nuclear plant. Other indexes also showed gains. The Shanghai Composite added 1.2%, South Korea’s Kospi gained 1.8%, and Hong Kong’s Hang Seng had a 0.1% rise. European stocks have had modest declines. Traders have taken cues from a downgrade of Portugal’s debt, with Moody’s slashing its rating by two degrees to “A3.” Spain’s IBEX 35 was off 1.2%, the French CAC 40 shed 0.8%, London’s FTSE 100 was down 0.7%, and the German DAX was fractionally higher. (more…)