Showing posts with label Japan. Show all posts
Showing posts with label Japan. Show all posts

Monday, 16 April 2012

Oil falls after the earthquake, in the Japan the Saudi crackdown

The Saudi police form a point of control, inspection of the cars near the site where a demonstration should be held in the capital Riyadh Sauid Friday. Photo: AP

Brent crude in London fell $ 3 to $112.39 at noon while in New York oil crude withdraw less than $100 a barrel as traders bet that a huge earthquake in the Japan would reduce imports of crude oil in the country.


"Demand for oil [at Japan] could be lower, at least temporarily, because of the earthquake," said Commerzbank analyst Carsten Fritsch.


"After China and the United States, Japan is third largest consumer of commodities in the world and is dependent on imports for almost all products."


The largest earthquake to hit the Japan since the beginning of the records 140 years ago struck the northeast coast, triggering a 30-foot high tsunami that swept away everything in its path, including homesboats, cars and farm buildings.


Future crude also fell as Saudi Arabia launched a security operation mass in a show threatening force to deter the demonstrators of a planned "Day of Rage" to insist that the democratic reforms in the largest exporter of oil in the world.


Illegal demonstrations were to start after Muslim Friday prayers at noon, but as the mosques emptied were there no sign of gatherings, with men of security staffing positions of control in key locations in several cities.


OPEC Friday warned that prices could curb demand later this year, as oil cartel only slightly improved its estimate of growth in world demand for 2011.


The Organization of petroleum exporting countries said that it was raturés in the growth of global oil demand of 1.44 m barrels per day (BPD), or 1. 67pc to 87,83 m barrels this year. That represents only a revision to the marginal increase of 1. 62pc.


Gold was on track for its biggest weekly decline since early January, down $30 since hitting a lifetime of high $1,444.40 an ounce troy Monday. Spot or a $units an ounce in London in early afternoon trade.


"Gold is trading oil offshore, but helps the earthquakes and the tensions in the Middle East to the Japan, said Andrey Kryuchenkov, an analyst at the Capital of VTB." Markets are also nervous with a day of rage in Saudi Arabia. »


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Wednesday, 30 November 2011

Rise of markets despite the Libya and the Japan

Index Nikkei 225 Index of the Japan reference have increased more than 3pc on opening transactions, to 9,518.81 as the country that it has made progress in the stabilization of the reactor at the Fukushima Daiichi nuclear power.

The FTSE 100 index increased 1. 3pc - 71 points at 5,789.65 - despite the launch of operation dawn Odyssey against in Libya Saturday.

The day after in America, the Dow Jones Industrial Average closed 178.01 points or 1. 5pc to 12,036.53 after that traders simply geopolitical fears and instead congratulates $39bn (£ 23. 9bn) OPA of the AT & T for T-Mobile USA, which is the property of Deutsche Telekom. Success, the agreement would be the biggest deal in the world this year and plu German of a decade.

Telecoms, banks and miners led a gathering of the market in the world. The Japan markets had been closed for a holiday Monday, but the MSCI index of Asian stocks outside the Japan increased 1. 4pc in the news of successes at the Fukushima nuclear engineering.

The yen also weakened to 81.13 against the dollar following intervention by the Group of seven nations.

Calm on equity markets was not shopkeepers in petroleum reflected. Future Brent Crude rose $1.33 to $115.26 Monday with experts warning that the Allied Libya shares were likely to push prices even higher.

Francisco Blanch, head of research of the products at BofA Merrill Lynch in New York, believe that the price rally to provide as high as $ 140 per barrel on global concerns. Mr. Blanch said Bloomberg that Brent could hit this level in the three to four months. "We are going missing Libyan oil for some time", he said.

Commerzbank said: "a return at the beginning of the Libya for the world oil market is little probable, which should support prices long-term".


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Tuesday, 18 October 2011

Shares Japan tumble as fears of the nuclear crisis create panic

The damaged Fukushima Daiichi Central nuclear where several explosions took place. Photo: Getty

The benchmark Nikkei 225 closed 5 FP7, with the broader Topix 6 FP6 increase but London of the main shares index added just points of 0 1pc with 5,700.81 open.


Gains in Europe has been also muted DAX 30 Frankfurt 0 FP7 and Paris's CAC 40 amounting to 0 5pc.


Other Asian markets had followed Japan higher, then even if the number of victims human and economic disasters, including an escalation of the nuclear crisis, remains uncertain.


At a time given the Nikkei climbed more FP6 but fell back after the Japan suspended operations to prevent a nuclear power plant disaster down after a surge of radiation is too dangerous for the workers to remain in the installation.


Most wanted shopkeepers deals after panic selling sent the index sinking 10 FP6 the day before. The Nikkei closed at its lowest level in nearly two years on Tuesday after the fall of more than 1 600 points, or 16pc, during two days - its worst two-day sell-off since 1987.


During this time, the Central Bank has pumped cash markets of money from Tokyo for a third day.


The Bank of the Japan injected 3.5 billion yen (£ 27bn), following injections totalling 23 billion yen ($283 billion) over the last two days. Contributing to banking shares perk up, lifting Mitsubishi UFJ Financial, the largest bank in the country, 2 2pc.


Exporters of power plant of the Japan took their breath after suffering staggering losses. Toyota Motor, constructor of no. 1 in the world, increased 6 4pc, Sony shot up to 7 5pc and truck-maker Isuzu was 7 3pc higher.


Industry heavy share rose the shock of the disaster gave way to thoughts of the reconstruction. Kobe Steel rose 11 3pc and Matsu Construction increased 4 8pc.


However, investors still remain tight on a crisis of change quickly to a central nuclear crippled northeast of the Japan. Authorities were still struggling to control the situation at the plant in Fukushima Dai-ichi after a string of explosions and fires, and a burst of radiation.


"It's very early days for the calculation of any impact on the economy and the stock and bond markets," said Sarah Williams, head of Japanese equities at Threadneedle based in London, which manages approximately $65bn assets.


"Until the safety of these plants is assured, investors remain cautious."


Markets elsewhere in the region of pointe. ABN Korea of added South 1. 8pc 1,957.29 and S & P/ASX 200 the Australia increased by 0. FP7 to 4,558.20. Landmarks in New Zealand, Singapore and Taiwan were also higher.


Shanghai Composite China has 1. 1pc, and actions on the Hang Seng in Hong Kong were flat.


Markets in Indonesia and the Philippines - who rely on the Japan for a relatively large share of their export - were down. Viet Nam and the Malaysia also fell.


The nuclear crisis swept financial markets of the world Tuesday as fears grew that the disaster to the Japan could slow the global economy. The Japan is the third largest global economy, manufacturing goods of automotive computer chips and bought 10pc of U.S. exports.


However, Wall Street counter. Index Dow Jones Industrial closed just 1. 1pc - or 137.74.49 points-11, 855. 42after fall as much as 3pc at a given time. FTSE 100 Xenopus Britain also melts to terminate 1. 38pc to 5,695,28. Earlier, the blue-chips were fallen to a minimum of expense 5622.53 year, wiping about £ 32bn offshore of the value of the index.


Levels of market in London and New York had expected a rebound in Japanese stocks today, claiming that the world liquidation had been exaggerated.


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Monday, 17 October 2011

Slips of Omega after the quake Despite talk of bid Japan

Retirement Omega was replicated on the market of the Lloyd after estimates of claims to a devastating earthquake in the Japan tripled over the weekend. Modeling agency that AIR said that it might generate a loss assured of more than $14 (£ 9 billion) and more than $34 without loss of tsunami taking into account the risks.

The new saw shares fall Catlin 11.1 to 338.7 p, Beazley retired 3½ to 120.3 p and Hiscox slipped 3-369.3 p.

The scale of the devastation caused by the largest earthquake recorded in the Japan become clearer in the coming weeks, even if global reinsurers are likely to absorb most of the losses.

Kevin Ryan, an analyst at Investc Securities, said: "earthquake of last week is likely to be a loss of reinsurance, at trial even if we suspect that its magnitude may help raise insurance rates."

"The earthquake, tsunamis and aftershocks expected this week are likely to generate one of the largest losses of reinsurance seen, we believe." If this occurs, it will affect insurance and reinsurance prices and it may affect equity markets.

The FTSE 100 hardened 53.43 to 5775.24 like the societies of disaster affected the whole of the market. The broader 250 FTSE closed of 59.87 at 11349.66.

Burberry luxury goods retailer was the biggest faller on the index of blue chip, landslide 51 p to £ 11.23 on concerns that the demand for its products would fall in the wake of the disaster.

Moreover, energy and mining Amec fell 37 percent to 11 pm £ 15 after the evolution of securities cut its rating to add to purchase.

"The battles to control nuclear power plants in the Japan... will focus on security issues in the industry and are likely to be a prelude to renewed against 'new nuclear' battles to the United Kingdom,"Evolution says in his note. "

"We would expect the media"normal"nuclear hysteria lead to more delays in the British programme to build 11 new reactors over the next 15 years, which will not be good news for Amec, who sees nuclear as key elements in its strategy of"Power and process"division."

From the Japan, Vodafone dipped 3.9 to 175 percent on reports that Vivendi is not prepared to pay much more for £ 6bn for stake in listed UK SFR, the French mobile operator company.

Analysts said that vodafine had hoped to receive an offer more close to £ 7bn capital, which has been victim of elimination the strategy of the company to sell non-core assets.

Cairn Energy remote from 1.3 to 428.3 Indian p after that regulators confirmed that they were nearing the end of their appreciation of the offer of more than $9 Vedanta Resources for India Cairn.

The Securities and Exchange Board of India yesterday said that he was the "concluding observations" on the market, although he has not given details. Sources in India, said that the decision remained in balance, despite the development.

At the other end of the scale, Aggreko was characterize most important day after confirming he was ready to equip to the Japan with some of its autonomous gas and diesel generators. Shares in the provider of temporary power reached 116 p £ 15.23.

"Aggreko stands ready to help the Japan and its people in any way that it can provide temporary power if asked," a company spokesman said when asked if Aggreko had received no request to provide units to the Japan.

"We have already marked our commitment to the competent authorities and will deploy our equipment as quickly as possible if necessary."

BG Group reached 54 p £ 15.14 on suggestions that it could also help to provide the Japan with liquefied natural gas (LNG). Brendan of Souza, Seymour Pierce analyst, said: "BG has high capacity in LNG." An impact of the tsunami in the Japan seem to be that certain nuclear facilities may not be able to produce electricity.

"That will have to be converted to other sources, such as gas and coal.


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Thursday, 22 September 2011

Shares drag us on warning of a disaster "nuclear Japan".

At one point in New York late Wednesday, the yen strengthened to 76.53 against the dollar late but weakened to 79.04 at the prospect of action coordinated by the G7 countries to limit the damage to the world's third largest economy.

Markets have been at the Bank of the Japan, to intervene as a yen very poorly exporters of the country, potentially deepening damage already serious Japan by multiple disasters.

"It intensified speculation of the Bank of the Japan markets will soon intervene to limit their support of the yen," said analyst NAB Capital David de Garis.

Kaoru Yosano economy Minister insists the currency nor Japanese stock markets are in a State of unrest to justify the action of the g-7 and Tokyo sought was his "psychological support" peers.

Merchants surveyed how the G7 can do as the current market rout is based in large part by uncertainty on how the nuclear crisis will play.

US officials in Washington warned that the plant in Fukushima Dai-ichi can be on the point of spewing more radioactive, as Japanese military helicopters continued to dump water on a stricken reactor to try to avoid that a complete breakdown. They said the Americans to remain at least 50 kilometres of the plant.

"Foreign investors continued to dump stocks on growing fears about nuclear accidents." Also, investors are worried that the earthquake and the nuclear disaster certainly could dent economic growth, "said Masatoshi Sato, a market analyst at Mizuho investors securities."

Main landmarks across Asia were also lower. Hong Kong Hang Seng index lost 2pc, of Shanghai Composite Index slid 1. 2pc, Australia of the ASX dipped 0. 1pc, and the India Sensex fell 0. 4pc. ABN Korea of southern edged up to 0 1pc.

The Central Bank of the Japan injected cash in on the currency markets of Tokyo for three days in a row, an injection of total liquidity 55.6 billion yen (£ 430bn) since Monday.

On Wednesday, the Dow Jones fell 242.12 points-2. 04pc - close to 11613.3, frightened by the fear of nuclear catastrophe. The biggest fallers were IBM (-3.1 8pc), General Electric (-3.1 3pc) and Boeing (-3pc). Business electric and energy were hard these days that the benefits of the Japanese earhtquake and tsunami continues to disrupt supply and grid lines in the country of power.

The & S P 500 fell by 1. 95pc and the technology-rich Nasdaq Composite slid 1. 89pc.

The U.S. index followed the FTSE 100. Despite the British blue-chips opening day until slightly, they fell 1. FP7 - or 97.05 points - a minimum of three months expenses of 5598.23 on Wednesday. France of lost 2 23pc ACC and Frankfurt's DAX fell 2 01pc.

Angus Campbell, head of sales at Capital spreads, said: "investors have received another scare after the Commissioner of the EU energy today announced that the situation there was achieved out of control." Are the vendors because on the market and at one point, that the future Nikkei fell to three hundred points within ten minutes. »

Markets had been agitated throughout the day of the crisis in the power plant nuclear Fukushima damaged by the earthquake in the Japan has intensified.

Guenther Oettinger, Minister of energy of the European Union, said the European Parliament: "In the next few hours it could be more catastrophic events, which could pose a threat to the life of the inhabitants of the island."

He said the nuclear site is "effectively out of control:"cooling systems have not worked, and as a result, we are somewhere between a disaster and a major disaster.""

Feeling the market was still blocked by the increase in the price of oil following clashes in Bahrain, downgrade of a Moody of the debt of the Portugal and the United States poor economic data showing wholesale pricing pressures greater than expected and the recession in construction to a low near record housing.


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Wednesday, 24 August 2011

Stablise markets after week "nightmare" on the crisis of the Japan

The action United by the countries of the G7, the first of its kind in more than a decade, has caused the yen abandon 81.20 3pc against the dollar, the Nikkei to win 2 FP7 and the price of Brent crude, which had jumped to $117 per barrel settle 0 3pc $114 per barrel.

The confidence of the traders was reinforced by the resolution of the United Nations not to impose a fly no area on the Libya and the statement of ceasefire by Muammar Al-Qadhafi, the leader of the country. Although reports Saturday that the leader Libyan broke the truce is bound to hit markets and the price of oil Monday.

Intervention by the G7, which has been requested by the Government of the Japan, was followed by insurance more than the Bank of Japan that would pump additional funds into the economy of the country.

In a note analysts at Nomura said the G7 action, the exact size that will remain secret for tww months, was "powerful". But they added: "it remains to whether coordinated intervention is temporary or more sustained." We will seek indications of size and duration of interventions in the coming days to assess its potential to take the dollar/yen higher. »

The FTSE 100 closed 0. 4pc day but still down from 1. 9pc on the week. The Nikkei was down 10 2pc on the week. A trader said: "neither to the Japan or the Middle East problems have been resolved, but the international community has shown, he wants to engage rather than allow the crisis to take their own path, which has delivered stability after a week of nightmare.

After a reply veiled markets last Friday, the magnitude of the earthquake and tsunamis Japanese was not included until over the weekend. Monday, concern about the issue of the power plant of Fukushima of Japan plant has triggered fears for a nuclear crisis. The Swiss moved first, announcing a ban on "coverage" permission for nuclear replacements. Germany, followed by suspending a decision on whether to prolong the life of nuclear power plants for three months. In Britain, the Government insists on the fact that its initial response - commissioning of a report - was not sufficient for the moment.

But markets were ahead of the politicians. World uranium stocks took the first impact. A raft of companies throw around 25pc on resource-heavy Australian Stock Exchange, coup of landslides on the markets of Europe and the Canada, too.

Tuesday, the fear spread, wiping more than a thousand billion (£ 622bn) off the coast of values of the market in the world in the fears that the humanitarian and nuclear disaster to the Japan could trigger a global financial crisis.

The Nikkei suffered its biggest fall since the 1987 crash and its third worst in the history with a drop of 10 FP6, taking its losses to 16 3pc in two days.

In Britain, the FTSE 100 lost £ 32bn by the lunch hour, while Dax, France Germany ACC and the Dow Jones Industrial index on Wall Street all plunged. Copper fell to a low shed FP7 and Tin in three months.

There is good hope for recovery on Wednesday, including as the Nikkei jumped by 5 68pc of day to the next day. But the worsening of the crisis to Fukushima was underlined when the China Security Council announced it was "temporarily suspend approval of projects for nuclear power plants, including those in the preliminary stages of development."

During this time, insurers estimated losses of fact sector faces between billion $ (£ 7. 5bn) and $ 25.

Thursday, the nuclear disaster gave way to a crisis costs - the yen. The expectation that large insurance of Japan and the savings industry would sell assets and "repatriate" the yen to fund insurance claims and rebuild the currency had sent to all time high of 76 Yen to the dollar. For the Japan and the g-7 countries, jumping represented a dangerous change that can trigger dislocations in the world. They install to correct the situation.


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Monday, 22 August 2011

Slip of gold and oil after the earthquake in the Japan

The Saudi police form a point of control, inspection of the cars near the site where a demonstration should be held in the capital Riyadh Sauid Friday. Photo: AP

Brent crude in London fell $ 3 to $112.39 at noon while in New York oil crude withdraw less than $100 a barrel as traders bet that a huge earthquake in the Japan would reduce imports of crude oil in the country.


"Demand for oil [at Japan] could be lower, at least temporarily, because of the earthquake," said Commerzbank analyst Carsten Fritsch.


"After China and the United States, Japan is third largest consumer of commodities in the world and is dependent on imports for almost all products."


The largest earthquake to hit the Japan since the beginning of the records 140 years ago struck the northeast coast, triggering a 30-foot high tsunami that swept away everything in its path, including homesboats, cars and farm buildings.


Future crude also fell as Saudi Arabia launched a security operation mass in a show threatening force to deter the demonstrators of a planned "Day of Rage" to insist that the democratic reforms in the largest exporter of oil in the world.


Illegal demonstrations were to start after Muslim Friday prayers at noon, but as the mosques emptied were there no sign of gatherings, with men of security staffing positions of control in key locations in several cities.


OPEC Friday warned that prices could curb demand later this year, as oil cartel only slightly improved its estimate of growth in world demand for 2011.


The Organization of petroleum exporting countries said that it was raturés in the growth of global oil demand of 1.44 m barrels per day (BPD), or 1. 67pc to 87,83 m barrels this year. That represents only a revision to the marginal increase of 1. 62pc.


Gold was on track for its biggest weekly decline since early January, down $30 since hitting a lifetime of high $1,444.40 an ounce troy Monday. Spot or a $units an ounce in London in early afternoon trade.


"Gold is trading oil offshore, but helps the earthquakes and the tensions in the Middle East to the Japan, said Andrey Kryuchenkov, an analyst at the Capital of VTB." Markets are also nervous with a day of rage in Saudi Arabia. »


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Wednesday, 20 July 2011

Nikkei opens 4pc lower on fears of "nuclear disaster" Japan

Markets have been at the Bank of the Japan, to intervene as a yen very poorly exporters of the country, potentially deepening damage already serious Japan by multiple disasters.

"It intensified speculation of the Bank of the Japan markets will soon intervene to limit their support of the yen," said analyst NAB Capital David de Garis.

US officials in Washington warned that the plant in Fukushima Dai-ichi can be on the point of spewing more radioactive, as Japanese military helicopters continued to dump water on a stricken reactor to try to avoid that a complete breakdown. They said the Americans to remain at least 50 kilometres of the plant.

"Foreign investors continued to dump stocks on growing fears about nuclear accidents." Also, investors are worried that the earthquake and the nuclear disaster certainly could dent economic growth, "said Masatoshi Sato, a market analyst at Mizuho investors securities."

Main landmarks across Asia were also lower. Hong Kong Hang Seng index lost 2pc, of Shanghai Composite Index slid 1. 2pc, Australia of the ASX dipped 0. 1pc, and the India Sensex fell 0. 4pc.

ABN Korea of southern edged up to 0 1pc.

The Central Bank of the Japan injected cash in on the currency markets of Tokyo for three days in a row, an injection of total liquidity 55.6 billion yen (£ 430bn) since Monday.

On Wednesday, the Dow Jones fell 242.12 points-2. 04pc - close to 11613.3, frightened by the fear of nuclear catastrophe. The biggest fallers were IBM (-3.1 8pc), General Electric (-3.1 3pc) and Boeing (-3pc). Business electric and energy were hard these days that the benefits of the Japanese earhtquake and tsunami continues to disrupt supply and grid lines in the country of power.

The & S P 500 fell by 1. 95pc and the technology-rich Nasdaq Composite slid 1. 89pc.

The U.S. index followed the FTSE 100. Despite the British blue-chips opening day until slightly, they fell 1. FP7 - or 97.05 points - a minimum of three months expenses of 5598.23 on Wednesday. France of lost 2 23pc ACC and Frankfurt's DAX fell 2 01pc.

Angus Campbell, head of sales at Capital spreads, said: "investors have received another scare after the Commissioner of the EU energy today announced that the situation there was achieved out of control." Are the vendors because on the market and at one point, that the future Nikkei fell to three hundred points within ten minutes. »

Markets had been agitated throughout the day of the crisis in the power plant nuclear Fukushima damaged by the earthquake in the Japan has intensified.

Guenther Oettinger, Minister of energy of the European Union, said the European Parliament: "In the next few hours it could be more catastrophic events, which could pose a threat to the life of the inhabitants of the island."

He said the nuclear site is "effectively out of control:"cooling systems have not worked, and as a result, we are somewhere between a disaster and a major disaster.""

Feeling the market was still blocked by the increase in the price of oil following clashes in Bahrain, downgrade of a Moody of the debt of the Portugal and the United States poor economic data showing wholesale pricing pressures greater than expected and the recession in construction to a low near record housing.


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Wednesday, 6 July 2011

Facilitates global sell-off as in the Japan and Wall Street fight back

The damaged Fukushima Daiichi Central nuclear where several explosions took place. Photo: Getty

The benchmark Nikkei 225 closed 5 FP7, with the broader Topix 6 FP6 increase but London of the main shares index added just points of 0 1pc with 5,700.81 open.


Gains in Europe has been also muted DAX 30 Frankfurt 0 FP7 and Paris's CAC 40 amounting to 0 5pc.


Other Asian markets had followed Japan higher, then even if the number of victims human and economic disasters, including an escalation of the nuclear crisis, remains uncertain.


At a time given the Nikkei climbed more FP6 but fell back after the Japan suspended operations to prevent a nuclear power plant disaster down after a surge of radiation is too dangerous for the workers to remain in the installation.


Most wanted shopkeepers deals after panic selling sent the index sinking 10 FP6 the day before. The Nikkei closed at its lowest level in nearly two years on Tuesday after the fall of more than 1 600 points, or 16pc, during two days - its worst two-day sell-off since 1987.


During this time, the Central Bank has pumped cash markets of money from Tokyo for a third day.


The Bank of the Japan injected 3.5 billion yen (£ 27bn), following injections totalling 23 billion yen ($283 billion) over the last two days. Contributing to banking shares perk up, lifting Mitsubishi UFJ Financial, the largest bank in the country, 2 2pc.


Exporters of power plant of the Japan took their breath after suffering staggering losses. Toyota Motor, constructor of no. 1 in the world, increased 6 4pc, Sony shot up to 7 5pc and truck-maker Isuzu was 7 3pc higher.


Industry heavy share rose the shock of the disaster gave way to thoughts of the reconstruction. Kobe Steel rose 11 3pc and Matsu Construction increased 4 8pc.


However, investors still remain tight on a crisis of change quickly to a central nuclear crippled northeast of the Japan. Authorities were still struggling to control the situation at the plant in Fukushima Dai-ichi after a string of explosions and fires, and a burst of radiation.


"It's very early days for the calculation of any impact on the economy and the stock and bond markets," said Sarah Williams, head of Japanese equities at Threadneedle based in London, which manages approximately $65bn assets.


"Until the safety of these plants is assured, investors remain cautious."


Markets elsewhere in the region of pointe. ABN Korea of added South 1. 8pc 1,957.29 and S & P/ASX 200 the Australia increased by 0. FP7 to 4,558.20. Landmarks in New Zealand, Singapore and Taiwan were also higher.


Shanghai Composite China has 1. 1pc, and actions on the Hang Seng in Hong Kong were flat.


Markets in Indonesia and the Philippines - who rely on the Japan for a relatively large share of their export - were down. Viet Nam and the Malaysia also fell.


The nuclear crisis swept financial markets of the world Tuesday as fears grew that the disaster to the Japan could slow the global economy. The Japan is the third largest global economy, manufacturing goods of automotive computer chips and bought 10pc of U.S. exports.


However, Wall Street counter. Index Dow Jones Industrial closed just 1. 1pc - or 137.74.49 points-11, 855. 42after fall as much as 3pc at a given time. FTSE 100 Xenopus Britain also melts to terminate 1. 38pc to 5,695,28. Earlier, the blue-chips were fallen to a minimum of expense 5622.53 year, wiping about £ 32bn offshore of the value of the index.


Levels of market in London and New York had expected a rebound in Japanese stocks today, claiming that the world liquidation had been exaggerated.


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Tuesday, 28 June 2011

The Japan earthquake: firms affected by the disaster

Catlin group

Share price since the earthquake 9 21pc

Insurancesector

Reason The likely impact of the Japanese earthquake at the top of the loss of 125 m $, the insurer is expected to be taken by the New Zealand earthquake last month made Catlin of the biggest fallers.

Burberry Group

Share price since the earthquake 9 2pc

Sector Luxury products

Reason The company was affected by concerns that demand for luxury products is likely to fall following the earthquake in the Japan.

Beazley

Share price since the earthquake 8 81pc

Sector Insurance

Reason Yet to make a statement on the impact of the disaster in Japanese, the price of the shares was overthrown by General fears of the market of the effect it will have on the earnings of the insurer.

AMEC

Share price since the earthquake 7 97pc

Sector Energy

Reason Explosions at a Japanese nuclear facility have led to fears that it may disrupt the plan of the United Kingdom for the construction of 11 new nuclear power plants, Amec project was supposed to advise on.

Chaucer

Share price since the earthquake 7 36pc

Sector Insurance

Reason Specialist insurance for nuclear power plants, the company does not provide commercial interruption coverage the Japan, but he said that it is too early to estimate losses.

InterContinental Hotels Group

Share price since the earthquake 7 34pc

Sector Hotels

Reason ANA Holiday Inn company, Sendai was closed to new reservations, while its nearest property of the Fukushima Daiichi nuclear power is always deemed to be safe. IHG said that he maintained a watch on the situation "close" to Fukushima.

BP

Share price since the earthquake 6 97pc

Sector Energy

Reason The earthquake led to a fall in the price of oil, which has added to the pressure on the prices of the shares of the company.

Aviva

Share price since the earthquake 6 77pc

Sector Insurance

Reason The price of the shares was struck by the fear of general market on the exposure of insurers tens of billions of pounds of claims should result in the earthquake.

GKN

Share price since the earthquake 5 62pc

Sector Industrial

Reason The car parts manufacturer and the aircraft has said that it will have to reduce production as some Japanese customers will be unable to take delivery of its products. GKN FP7 sales come from the Japan, and Mitsubishi and Nissan are among its biggest customers.

IMI

Share price since the earthquake 4 14pc

Sector Industrial

Reason As a provider of safety valves for the industry of energy, including nuclear power plants, the potential collapse of three of the nuclear facilities of the Japan has led to concerns the impact on the IMI market.

ARM Holdings

Share price since the earthquake 2 5pc

Sector Technology

Reason Japan represents about 20pc of overall semiconductor production and the concerns of the potential disruption of supplies and its impact on the income of royalty for the arms, which designs chips used in most of the smart phones of the worldhas led to a fall in its shares.

Berkeley resources

Share price since the earthquake 37 63pc

Sector Energy

Reason Shares of the minor of uranium have seen the most spectacular fall of any society, as the market weighed up to the likely impact of a comprehensive reassessment of the industry of nuclear energy following the nuclear disaster potential unfolding in three Japanese nuclear plants following the tsunami.

And the risers…

Aggreko

Share price since the earthquake 7 55pc

Sector Electricity production

Reason As one of the world's leading providers of mobile power generation, Aggreko should find strong demand for its services as Japanese authorities began to clarify the areas devastated by the tsunami.

BG Group

Share price since the earthquake 4 02pc

Sector Energy

Reason Days before the earthquake struck in the Japan, BG has signed an agreement with Tokyo to provide liquid natural gas for the next 20 years. With the nuclear crisis, the potential for alternative energy sources to the Japan is supposed to be growing.


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Monday, 27 June 2011

The Japan earthquake: market reaction

The earthquake triggered a 30-foot tsunami that swept away homes, crops, cars and boats. Photo: AFP

TAKUJI OKUBO, CHIEF ECONOMIST, SOCIETE GENERAL, TOKYO


"I think that we will see the production industry to suffer a loss of a day of output in March at the most and with the South almost intact, I think, even for manufacturers, the impact will be limited, that they are able to shift production to regions of the South."


"I don't think that is assigned to all annual growth rates." In 1995, after a quarter-on-quarter in quake Kobe growth amounted to 0.8 per cent, so annualization 3.6%, which is in fact strong enough. I think that we are probably talking here death reaching hundreds rather than thousands, as in 1995. »


VINCENT TSUI, AN ECONOMIST AT STANDARD CHARTERED BANK IN HONG KONG


"It is still too early to assess the damages that we still see replicas." We see a strong correction of the yen and the Bank of Japan may maintain his dovish political position at a meeting next week. In an era where the rise of world oil price hit the prospects for global economic recovery is highly dependent on the Japan, this development will impact on them to maintain a dovish stance on policy. »


TIM CONDON, CHIEF ECONOMIST FOR ASIA AT ING IN SINGAPORE


"The wisdom of crowds show that markets are very evil, but I was waiting for a clearer picture assess how it is." Some draw a parallel with the RBNZ [Reserve Bank of New Zealand] here and are expecting the Bank of the Japan to act, but I think that the Bank of the Japan is rather stingy in this matter is the Kobe earthquake. He is still too early to say if there will be continued selling in the stock markets. The construction sector could get a big boost from this. »


TSUTOMU YAMADA, MARKET ANALYST, KABU.COM SECURITIES


"The extent of the damage is difficult to say, but seems to be devastating to the economy of the North of the Japan." The Government must act quickly to announce the support packages and the Central Bank should pump more money into the economy. Some manufacturers have factories in quake-hit region and they will have to take on the challenges in the reconstruction of these facilities. "But it is more important that this earthquake could hinder the overall economy of the Japan that everything has begun to show positive signs."


MITSUSHIGE AKINO, FUND MANAGER, ICHIYOSHI INVESTMENT MANAGEMENT, TOKYO


"We don't always know what damage such as, but stocks will likely fall Monday, particularly shares in companies that have factories in the affected areas, but on the whole of the predatory use probably be of short duration." As during the Kobe earthquake in 1995, the reaction of the stock market be momentary, also because the epicentre was far from Tokyo, and it is not likely to affect the Japanese economy as a whole.


TSUYOSHI SEGAWA, EQUITY STRATEGIST, MIZUHO SECURITIES


"As I can see on television, Tokyo and the northern part of the Japan have been considerably damaged, which could cause the panic selling after the end of week." It is possible that the shares of some companies related to the construction ride as back in 1995 when we had the earthquake in Kobe. But we are still uncertain about the macroeconomic effects at this time for investors should not make assumptions and carefully assess the situation.


YASUO YAMAMOTO, SENIOR ECONOMIST, MIZUHO RESEARCH INSTITUTE, TOKYO


"We don't yet know the full scale of the damage, but in light of what happened after the earthquake in Kobe, which will certainly lead the Government to compile a budget emergency." The Government would have to sell bonds, but it is an emergency situation, so this cannot be avoided.


"Given where the interest rate of the Bank of the Japan reference is now, they can not really lower rates." The Bank of the Japan will focus on the provision of liquidity, possibly by the expansion of market operations. There are factories of automobile and semiconductor North of the Japan, there will be some economic impacts result damage to plants. We expect consumption to fall. This may temporarily lower gross domestic product. »


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Tuesday, 10 May 2011

US bonds jump Japan flight.

Government bonds benefited after that investors dumped shares in Asia. Photo: EPA

At one point future Nikkei plunged 16pc, dragging the future S & P down 3pc. However, the actions Japanese pared losses slightly in the afternoon, the short-covering after the authorities banned the houses of titles from the sale of stocks for commercial arbitration.


Traders in Tokyo and Hong Kong said hedge fund selling of future Nikkei, including the contracts listed in Singapore, were behind some falling deeper Japanese shares.


Volumes of cash on the first section of the Tokyo Stock Exchange hit a record for a second day running.


The situation was tense in Tokyo as Japanese leaders sought to calm the citizens, and investors panic as the spread of the news of a rise in "significant" radiation at the nuclear facility of Fukushima and the news agency Kyodo reported increase in radiation in more communities close to Tokyo.


In a turbulent and volatile day on the markets, Japanese Government bonds was also abandoned the gains and sliding, taking some steam out of the gains in Treasury bills.


Traders cited by insurers to offset losses on their equity portfolios in sales. The Nikkei fell 10 FP6 the day and was down 16pc so far this week, suffer the greatest bond of two days since the 1987 crash.


Frenetic buying of bonds on the day has also prompted Australian money markets price in a chance in the third of the Central Bank could reverse and beginning courses reduce the rate of interest, as soon as next month.


Volume of futures contracts was much larger than usual in Asia in exchange for hours, with much more than 260 000 a small trade the Asian day - more than triple the volume of the previous day.


10 Years of reference yields have increased by almost one full point in price to yield 3 274pc, down 9 basis points (bps) the day after falling as 3 207pc.


Note two-year yields were down 6 bps to 0 545pc, with the slightly the day flattening yield curve.


Investors warn potential Japanese insurer or business selling Treasury bonds to repatriate funds to cover the cost of the earthquake and the tsunami.


But until this traders have not identified any repatriation of major Japanese investor, noting that may take a few weeks to evaluate the full tally.


The US Federal Reserve meets later Tuesday and is expected to continue unchanged policy while assessing the steep impact of oil prices and the Japanese crisis.


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Friday, 6 May 2011

Wall Street drops on the nuclear fears at the Japan

At one point in New York late Wednesday, the yen strengthened to 76.53 against the dollar late but weakened to 79.04 at the prospect of action coordinated by the G7 countries to limit the damage to the world's third largest economy.

Markets have been at the Bank of the Japan, to intervene as a yen very poorly exporters of the country, potentially deepening damage already serious Japan by multiple disasters.

"It intensified speculation of the Bank of the Japan markets will soon intervene to limit their support of the yen," said analyst NAB Capital David de Garis.

Kaoru Yosano economy Minister insists the currency nor Japanese stock markets are in a State of unrest to justify the action of the g-7 and Tokyo sought was his "psychological support" peers.

Merchants surveyed how the G7 can do as the current market rout is based in large part by uncertainty on how the nuclear crisis will play.

US officials in Washington warned that the plant in Fukushima Dai-ichi can be on the point of spewing more radioactive, as Japanese military helicopters continued to dump water on a stricken reactor to try to avoid that a complete breakdown. They said the Americans to remain at least 50 kilometres of the plant.

"Foreign investors continued to dump stocks on growing fears about nuclear accidents." Also, investors are worried that the earthquake and the nuclear disaster certainly could dent economic growth, "said Masatoshi Sato, a market analyst at Mizuho investors securities."

Main landmarks across Asia were also lower. Hong Kong Hang Seng index lost 2pc, of Shanghai Composite Index slid 1. 2pc, Australia of the ASX dipped 0. 1pc, and the India Sensex fell 0. 4pc. ABN Korea of southern edged up to 0 1pc.

The Central Bank of the Japan injected cash in on the currency markets of Tokyo for three days in a row, an injection of total liquidity 55.6 billion yen (£ 430bn) since Monday.

On Wednesday, the Dow Jones fell 242.12 points-2. 04pc - close to 11613.3, frightened by the fear of nuclear catastrophe. The biggest fallers were IBM (-3.1 8pc), General Electric (-3.1 3pc) and Boeing (-3pc). Business electric and energy were hard these days that the benefits of the Japanese earhtquake and tsunami continues to disrupt supply and grid lines in the country of power.

The & S P 500 fell by 1. 95pc and the technology-rich Nasdaq Composite slid 1. 89pc.

The U.S. index followed the FTSE 100. Despite the British blue-chips opening day until slightly, they fell 1. FP7 - or 97.05 points - a minimum of three months expenses of 5598.23 on Wednesday. France of lost 2 23pc ACC and Frankfurt's DAX fell 2 01pc.

Angus Campbell, head of sales at Capital spreads, said: "investors have received another scare after the Commissioner of the EU energy today announced that the situation there was achieved out of control." Are the vendors because on the market and at one point, that the future Nikkei fell to three hundred points within ten minutes. »

Markets had been agitated throughout the day of the crisis in the power plant nuclear Fukushima damaged by the earthquake in the Japan has intensified.

Guenther Oettinger, Minister of energy of the European Union, said the European Parliament: "In the next few hours it could be more catastrophic events, which could pose a threat to the life of the inhabitants of the island."

He said the nuclear site is "effectively out of control:"cooling systems have not worked, and as a result, we are somewhere between a disaster and a major disaster.""

Feeling the market was still blocked by the increase in the price of oil following clashes in Bahrain, downgrade of a Moody of the debt of the Portugal and the United States poor economic data showing wholesale pricing pressures greater than expected and the recession in construction to a low near record housing.


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Tuesday, 26 April 2011

Wall Street tumbles as the combustible Japan global sell-off

The damaged Fukushima Daiichi Central nuclear where several explosions took place. Photo: Getty

The benchmark Nikkei 225 closed 5 FP7, with the broader Topix 6 FP6 increase but London of the main shares index added just points of 0 1pc with 5,700.81 open.


Gains in Europe has been also muted DAX 30 Frankfurt 0 FP7 and Paris's CAC 40 amounting to 0 5pc.


Other Asian markets had followed Japan higher, then even if the number of victims human and economic disasters, including an escalation of the nuclear crisis, remains uncertain.


At a time given the Nikkei climbed more FP6 but fell back after the Japan suspended operations to prevent a nuclear power plant disaster down after a surge of radiation is too dangerous for the workers to remain in the installation.


Most wanted shopkeepers deals after panic selling sent the index sinking 10 FP6 the day before. The Nikkei closed at its lowest level in nearly two years on Tuesday after the fall of more than 1 600 points, or 16pc, during two days - its worst two-day sell-off since 1987.


During this time, the Central Bank has pumped cash markets of money from Tokyo for a third day.


The Bank of the Japan injected 3.5 billion yen (£ 27bn), following injections totalling 23 billion yen ($283 billion) over the last two days. Contributing to banking shares perk up, lifting Mitsubishi UFJ Financial, the largest bank in the country, 2 2pc.


Exporters of power plant of the Japan took their breath after suffering staggering losses. Toyota Motor, constructor of no. 1 in the world, increased 6 4pc, Sony shot up to 7 5pc and truck-maker Isuzu was 7 3pc higher.


Industry heavy share rose the shock of the disaster gave way to thoughts of the reconstruction. Kobe Steel rose 11 3pc and Matsu Construction increased 4 8pc.


However, investors still remain tight on a crisis of change quickly to a central nuclear crippled northeast of the Japan. Authorities were still struggling to control the situation at the plant in Fukushima Dai-ichi after a string of explosions and fires, and a burst of radiation.


"It's very early days for the calculation of any impact on the economy and the stock and bond markets," said Sarah Williams, head of Japanese equities at Threadneedle based in London, which manages approximately $65bn assets.


"Until the safety of these plants is assured, investors remain cautious."


Markets elsewhere in the region of pointe. ABN Korea of added South 1. 8pc 1,957.29 and S & P/ASX 200 the Australia increased by 0. FP7 to 4,558.20. Landmarks in New Zealand, Singapore and Taiwan were also higher.


Shanghai Composite China has 1. 1pc, and actions on the Hang Seng in Hong Kong were flat.


Markets in Indonesia and the Philippines - who rely on the Japan for a relatively large share of their export - were down. Viet Nam and the Malaysia also fell.


The nuclear crisis swept financial markets of the world Tuesday as fears grew that the disaster to the Japan could slow the global economy. The Japan is the third largest global economy, manufacturing goods of automotive computer chips and bought 10pc of U.S. exports.


However, Wall Street counter. Index Dow Jones Industrial closed just 1. 1pc - or 137.74.49 points-11, 855. 42after fall as much as 3pc at a given time. FTSE 100 Xenopus Britain also melts to terminate 1. 38pc to 5,695,28. Earlier, the blue-chips were fallen to a minimum of expense 5622.53 year, wiping about £ 32bn offshore of the value of the index.


Levels of market in London and New York had expected a rebound in Japanese stocks today, claiming that the world liquidation had been exaggerated.


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Wall Street struggles as the combustible Japan global sell-off

The damaged Fukushima Daiichi Central nuclear where several explosions took place. Photo: Getty

The benchmark Nikkei 225 closed 5 FP7, with the broader Topix 6 FP6 increase but London of the main shares index added just points of 0 1pc with 5,700.81 open.


Gains in Europe has been also muted DAX 30 Frankfurt 0 FP7 and Paris's CAC 40 amounting to 0 5pc.


Other Asian markets had followed Japan higher, then even if the number of victims human and economic disasters, including an escalation of the nuclear crisis, remains uncertain.


At a time given the Nikkei climbed more FP6 but fell back after the Japan suspended operations to prevent a nuclear power plant disaster down after a surge of radiation is too dangerous for the workers to remain in the installation.


Most wanted shopkeepers deals after panic selling sent the index sinking 10 FP6 the day before. The Nikkei closed at its lowest level in nearly two years on Tuesday after the fall of more than 1 600 points, or 16pc, during two days - its worst two-day sell-off since 1987.


During this time, the Central Bank has pumped cash markets of money from Tokyo for a third day.


The Bank of the Japan injected 3.5 billion yen (£ 27bn), following injections totalling 23 billion yen ($283 billion) over the last two days. Contributing to banking shares perk up, lifting Mitsubishi UFJ Financial, the largest bank in the country, 2 2pc.


Exporters of power plant of the Japan took their breath after suffering staggering losses. Toyota Motor, constructor of no. 1 in the world, increased 6 4pc, Sony shot up to 7 5pc and truck-maker Isuzu was 7 3pc higher.


Industry heavy share rose the shock of the disaster gave way to thoughts of the reconstruction. Kobe Steel rose 11 3pc and Matsu Construction increased 4 8pc.


However, investors still remain tight on a crisis of change quickly to a central nuclear crippled northeast of the Japan. Authorities were still struggling to control the situation at the plant in Fukushima Dai-ichi after a string of explosions and fires, and a burst of radiation.


"It's very early days for the calculation of any impact on the economy and the stock and bond markets," said Sarah Williams, head of Japanese equities at Threadneedle based in London, which manages approximately $65bn assets.


"Until the safety of these plants is assured, investors remain cautious."


Markets elsewhere in the region of pointe. ABN Korea of added South 1. 8pc 1,957.29 and S & P/ASX 200 the Australia increased by 0. FP7 to 4,558.20. Landmarks in New Zealand, Singapore and Taiwan were also higher.


Shanghai Composite China has 1. 1pc, and actions on the Hang Seng in Hong Kong were flat.


Markets in Indonesia and the Philippines - who rely on the Japan for a relatively large share of their export - were down. Viet Nam and the Malaysia also fell.


The nuclear crisis swept financial markets of the world Tuesday as fears grew that the disaster to the Japan could slow the global economy. The Japan is the third largest global economy, manufacturing goods of automotive computer chips and bought 10pc of U.S. exports.


However, Wall Street counter. Index Dow Jones Industrial closed just 1. 1pc - or 137.74.49 points-11, 855. 42after fall as much as 3pc at a given time. FTSE 100 Xenopus Britain also melts to terminate 1. 38pc to 5,695,28. Earlier, the blue-chips were fallen to a minimum of expense 5622.53 year, wiping about £ 32bn offshore of the value of the index.


Levels of market in London and New York had expected a rebound in Japanese stocks today, claiming that the world liquidation had been exaggerated.


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Wall Street slides on the economy of the Japan, nuclear fears

Oil prices were volatile due to the increasing agitation in a Yemeni area bordering Saudi Arabia, largest exporter of oil more than Bahrain application using Arabic repress demonstrations and as investors weighed the effects of the crisis of the Japan. Brent crude, which was about $111 per barrel this morning, was trading at $113.08 in the afternoon in London.

However, some of the losses of last week - mounted $5.65 to $1,423 one ounce - recovered as the Japanese situation added to pressure on the metal rising, driving towards recent record prices.

Japanese stocks posted their largest daily decline since October 2008 large volume. The benchmark index Nikkei closed 6 2pc and 7 5pc collapsed wider TOPIX index.

Index Nikkei 225 for Tokyo plunged 633.94 points to close at 9,620.49. The broader Topix index was down 7 49pc. Gross price Brent also fell to just over $ 112 on expectations of low demand in the third world economy.

The Tokyo Electric Power shares fell 24pc as he struggled with the poor functioning of nuclear reactors and a lack of power which has led the company to announce rolling blackouts in some parts of Tokyo and its suburbs.

Companies with companies related to nuclear energy such as those that the nuclear energy build plants, recorded lost big, including Hitachi, a 16 2pc and Toshiba, losing 16 3pc. Japan Steel fell 19pc, Mitsubishi Heavy Industries 10pc and Kobe Steel 7 3pc.

Stocks in other sectors also takes great success as investors dumped shares on economic concerns of production and consumption. Automakers slid as Northeast of the Japan is a major centre for the production car, complete with a myriad of parts suppliers and a network of roads and ports for efficient distribution.

Toyota, the top constructor world, Nissan and Honda suspended production at all plants through the Japan. Toyota fell 8 FP6, Honda lost 7 FP7 and Nissan fell 10 FP7. Mitsubishi Motors and Isuzu Motors lost near 11pc.

Insurance companies - many of which will be claims heavy likely face for lost property and infrastructure - also suffered drops sharp, including Tokio Marine Holdings was down 13pc. Oil of Cosmo, whose refinery was the fire because of the magnitude of 8.9 quake plunged 25 2pc.

The British insurance companies doing business in the Japan have been hit with estimated the magnitude of the potential claim estimates more than triple over the weekend to £ 30bn as the magnitude of the crisis took place. Popular London insurer Lloyd Catlin fell to 3pc.

Burberry retailer of luxury goods was an another big faller, down 4 FP6 - Japan is one of largest consumers of luxury products in the world and composed the 11pc of worldwide sales of luxury. On the Continment Hermes, LVMH, PPR and Richemont have fallen.

At the other end of the scale, actions BG Group acquired 3 3pc on expectations that British oil and gas Explorer could help to provide the Japan with liquefied natural gas (LNG). LNG and coal are expected to be the main sources of replacement for the loss of nuclear energy and that week last BG finalized a contract for the supply of LNG 20 years with Tokyo.

Aggreko temporary power provider has also increased 6 5pc, following explosions at one of the Japan nuclear power plants.

Japan was already seeking to overcome the deficit more great worldwide before the tsunami devastated the North of the country, Friday. He had slipped to third, behind China, in the list of the world's largest economies.

Masaaki Shirakawa, Governor of the Bank of Japan, said that the Central Bank could provide "big" liquidity to maintain financial stability. Earlier Monday, the Bank of the Japan injected a record 15 billion yen (£ 115bn) in currency markets to try to defend the already fragile economy.


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Thursday, 14 April 2011

Wall Street, European shares fall on trac Japan

Investors sold the shares of insurance in fear of how high will go total losses from the earthquake and tsunami of the Japan.

At least a series of experts secured the insured loss as high as $BCVS only after the earthquake and subsequent fires - not to mention the tsunami damage which will certainly add to the figure. Some analysts said that the figure should be lower but still significant.

London stocks fell for a fourth day in a three-month minimum fee, Germany of the DAX dropped 1. 65pc and the France of the CAC slid 1. 3pc.

Stocks of luxury goods, the nuclear power groups and insurers have been the hardest hit the Japan fought with replicas, a second explosion earthquake of Earth-hit Fukushima nuclear complex North of Tokyo and the economic impact of a disaster that killed thousands.

FTSE 100 Britain had opened mainly flat despite Japanese stocks posting their largest daily decline since October 2008 large volume. The benchmark index Nikkei closed 6 2pc and 7 5pc collapsed wider TOPIX index.

"After proving enough resistant during the morning session, a lower open on Wall Street has put pressure on UK shares this afternoon as investors remain uncertain about the economic impact, the Japanese earthquake will have.""," said Yusuf Heusen, IG Index.

The index ended the day 50,64 - or 0 9pc - 5775.24 with the goods retailer Burberry and popular Lloyd of London insurers Aviva and Catlin luxury among top fallers of the page.

At the other end of the scale, actions BG Group acquired 3 FP7 on expectations that British oil and gas Explorer could help to provide the Japan with liquefied natural gas (LNG). LNG and coal are expected to be the main sources of replacement for the loss of nuclear energy and that week last BG finalized a contract for the supply of LNG 20 years with Tokyo.

Power temporary provider Aggreko is the biggest rise among blue chip, rising 8 24pc after fresh explosions in the Japan and power cuts.

The falls in Britain has followed a similar patten in Europe where Hermes, LVMH, PPR and Richemont and giant reinsurers fell. Electricity company were also hit.

The Germany E.on and RWE lose between 4 FP7 and 5 3pc as the country suspended an agreement to extend the life of its nuclear plants, while the Switzerland put hold certain approvals of nuclear power plants.

Investors were also concerned that the crisis in Fukushima is likely to increase opposition to the major nuclear expansion in Europe and injure a renaissance for the United States sector, which already has over 100 reactors.

General Electric, the society of engineering us provided reactors at nuclear Central Fukushima No. 1 sinistrée of the Japan, a New York - the biggest faller on the Dow Jones 5 FP6. Analysts expect the disaster concerns weigh on shares of GE in the short term. Index Dow Jones had opened 0 45pc downwards to 11,990.66 before falling over.

Caterpillar was one of the key winners on Wall Street on expectations of large-scale reconstruction in the third world economic power.

Expectations of reconstruction had previously indicated by buoys shares in Hong Kong, China, Korea and India, which large investors shrugged off the potential impact of a slowdown in growth in the Japan.

Oil prices were volatile due to the increasing agitation in a Yemeni area bordering Saudi Arabia, largest exporter of oil more than Bahrain application using Arabic repress demonstrations and as investors weighed the effects of the crisis of the Japan. Brent crude, which was about $111 per barrel this morning, was trading at $113.08 in the afternoon in London.

However, some of the losses of last week - mounted $5.65 to $1,423 one ounce - recovered as the Japanese situation added to pressure on the metal rising, driving towards recent record prices.

Japan trading

The Tokyo Electric Power shares fell 24pc as he struggled with the poor functioning of nuclear reactors and a lack of power which has led the company to announce rolling blackouts in some parts of Tokyo and its suburbs.

Companies with companies related to nuclear energy such as those that the nuclear energy build plants, recorded lost big, including Hitachi, a 16 2pc and Toshiba, losing 16 3pc. Japan Steel fell 19pc, Mitsubishi Heavy Industries 10pc and Kobe Steel 7 3pc.

Stocks in other sectors also takes great success as investors dumped shares on economic concerns of production and consumption. Automakers slid as Northeast of the Japan is a major centre for the production car, complete with a myriad of parts suppliers and a network of roads and ports for efficient distribution.

Toyota, the top constructor world, Nissan and Honda suspended production at all plants through the Japan. Toyota fell 8 FP6, Honda lost 7 FP7 and Nissan fell 10 FP7. Mitsubishi Motors and Isuzu Motors lost near 11pc.

Insurance companies - many of which will be claims heavy likely face for lost property and infrastructure - also suffered drops sharp, including Tokio Marine Holdings was down 13pc. Oil of Cosmo, whose refinery was the fire because of the magnitude of 8.9 quake plunged 25 2pc.

Japan was already seeking to overcome the deficit more great worldwide before the tsunami devastated the North of the country, Friday.

The Bank of the Japan made a record 22 billion yen (£ 166bn) available to banks Monday and doubled its active purchase 10 billion yen scheme (£ 76bn) to maintain confidence in the economy and maintain financial stability.


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Wall Street tumbles as the Japan fuels gobal predatory

The damaged Fukushima Daiichi Central nuclear where several explosions took place. Photo: Getty

The benchmark Nikkei 225 closed 5 FP7, with the broader Topix 6 FP6 increase but London of the main shares index added just points of 0 1pc with 5,700.81 open.


Gains in Europe has been also muted DAX 30 Frankfurt 0 FP7 and Paris's CAC 40 amounting to 0 5pc.


Other Asian markets had followed Japan higher, then even if the number of victims human and economic disasters, including an escalation of the nuclear crisis, remains uncertain.


At a time given the Nikkei climbed more FP6 but fell back after the Japan suspended operations to prevent a nuclear power plant disaster down after a surge of radiation is too dangerous for the workers to remain in the installation.


Most wanted shopkeepers deals after panic selling sent the index sinking 10 FP6 the day before. The Nikkei closed at its lowest level in nearly two years on Tuesday after the fall of more than 1 600 points, or 16pc, during two days - its worst two-day sell-off since 1987.


During this time, the Central Bank has pumped cash markets of money from Tokyo for a third day.


The Bank of the Japan injected 3.5 billion yen (£ 27bn), following injections totalling 23 billion yen ($283 billion) over the last two days. Contributing to banking shares perk up, lifting Mitsubishi UFJ Financial, the largest bank in the country, 2 2pc.


Exporters of power plant of the Japan took their breath after suffering staggering losses. Toyota Motor, constructor of no. 1 in the world, increased 6 4pc, Sony shot up to 7 5pc and truck-maker Isuzu was 7 3pc higher.


Industry heavy share rose the shock of the disaster gave way to thoughts of the reconstruction. Kobe Steel rose 11 3pc and Matsu Construction increased 4 8pc.


However, investors still remain tight on a crisis of change quickly to a central nuclear crippled northeast of the Japan. Authorities were still struggling to control the situation at the plant in Fukushima Dai-ichi after a string of explosions and fires, and a burst of radiation.


"It's very early days for the calculation of any impact on the economy and the stock and bond markets," said Sarah Williams, head of Japanese equities at Threadneedle based in London, which manages approximately $65bn assets.


"Until the safety of these plants is assured, investors remain cautious."


Markets elsewhere in the region of pointe. ABN Korea of added South 1. 8pc 1,957.29 and S & P/ASX 200 the Australia increased by 0. FP7 to 4,558.20. Landmarks in New Zealand, Singapore and Taiwan were also higher.


Shanghai Composite China has 1. 1pc, and actions on the Hang Seng in Hong Kong were flat.


Markets in Indonesia and the Philippines - who rely on the Japan for a relatively large share of their export - were down. Viet Nam and the Malaysia also fell.


The nuclear crisis swept financial markets of the world Tuesday as fears grew that the disaster to the Japan could slow the global economy. The Japan is the third largest global economy, manufacturing goods of automotive computer chips and bought 10pc of U.S. exports.


However, Wall Street counter. Index Dow Jones Industrial closed just 1. 1pc - or 137.74.49 points-11, 855. 42after fall as much as 3pc at a given time. FTSE 100 Xenopus Britain also melts to terminate 1. 38pc to 5,695,28. Earlier, the blue-chips were fallen to a minimum of expense 5622.53 year, wiping about £ 32bn offshore of the value of the index.


Levels of market in London and New York had expected a rebound in Japanese stocks today, claiming that the world liquidation had been exaggerated.


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Warren Buffett back on the Japan to rebuild, sees "opportunity to purchase".

The 80-year-old American, who is nicknamed the "Sage of Omaha", said that the devastation had not changed the "economic perspective" of the Japan.

He argued that the components markets normally in the wake of major disasters. Speaking in Daegu, South Korea, Mr. Buffett said that the terrorist attacks on New York in 2001 "has not changed the future of the United States or the economic perspective of the United States." He said: "I feel exactly the same way after what happened to the Japan." "People in the Japan have the same energy, they have the same desire to move forward and the same resources to rebuild".

He added: "I look differently to... 10 days ago""Frequently, extraordinary events really create an opportunity to purchase".

His comments came as the largest companies of the Japan, began a second week of disturbances caused by a lack of power and supplies. Car manufacturers including Toyota, Honda and Nissan stated that most of their activities to the Japan remains closed this week.

Canon, largest manufacter of digital cameras in the world, said that it will be closed all three factories of camera home while Sony, Toshiba and Nikkon has warned of further disturbances.

Jamco, a Japanese company, making the galleys for the Boeing 787 Dreamliner, said delivery would be delayed if gasoline supplies are further pressed.

Mr. Buffett was to go to the Japan, but instead went to the opening of a factory belonging to Iscar Metworking, a metal firm Israeli once belonging to his investment vehicle, Berkshire Hathaway.

It also revealed that he was looking to make a large acquisition. "We envisage a number of large companies in Korea, the United States, the United Kingdom," he said "We hope to find good companies wherever they are." Basically, this is the biggest, best. »


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Thursday, 7 April 2011

Twin threats of Japan and Gulf stalk global recovery

We are discovering once again that the country is the world's top creditor by far with nearly £2 trillion of net assets overseas.

The risk is doubly dangerous when combined with the fast-escalating conflict in the Persian Gulf, where Saudi Arabia's use of troops to suppress Shi'ite dissent in Bahrain risks a showdown with Iran.

"People had thought global recovery was self-sustaining and now equity markets are starting to ask whether it might be snuffed out," said David Bloom, currency chief at HSBC.

The twin crises come as fiscal tightening in the West and credit tightening in China start to bite. US economists such as Larry Summers and Paul Krugman fear recovery has not yet reached "escape velocity", leaving it vulnerable to external shocks.

"I am afraid we are near tipping point on global recovery," said Simon Derrick from BNY Mellon. "The fact has oil has not risen despite the latest events in the Mid-East tells you a lot about growth in the second half of this year. All the inflation talk may fade away as in 2008."

HSBC said the pattern after the 1987 crash, the 1998 Asia crisis, and Lehman's collapse, was that Japanese repatriation kicked in violently with a lag of a week. The impact may be greater this time given the trauma, and power-rationing as 11 nuclear reactors are shut down.

"This overseas wealth is like a crisis fund: this is what it is for," said Mr Bloom.

The sudden snap back in capital flows vastly outweighs the global impact of lost output, though that too is significant given plant closures by Toyota and others.

HSBC said appetite for "Uridashi" bonds of countries such as Brazil, South Africa, and Australia has "collapsed", cutting off a key source of fresh funding. The bigger effect is liquidation of global assets built up during the "carry trade", when Japan's insurers, funds and famed housewives ("Mrs Watanabe") fled zero rates to chase yield abroad. These assets include UK equities, US municipal bonds and commodity funds.

This is why an earthquake in a region covering 6pc of Japan's economy – or less than 0.5pc of global output – has set off a global rout.

Other dangers abound. CreditSights said Japan's three top banks hold $1 trillion (£62bn) of local equities. These holdings are underwater once the Topix index falls much below 800, hence the worries over the 16pc drop to 767 over the past two days.

The Bank of Japan keeps a close eye on equities and the yen. It has intervened with 21 trillion yen (£168bn) of liquidity and doubled bond purchases to 10 trillion yen to boost confidence.

Hans Redeker from BNP Paribas said the "pressure point" is the $3.9 trillion portfolio of government bonds held by the banks. The fiscal strain of the earthquake comes at time when tax revenue already covers less than half the budget, public debt is 225pc of GDP, and pension funds are becoming net sellers of bonds to meet payouts to the elderly.

The Bank of Japan may have to print money lavishly if the "deflationary equilibrium" of recent years breaks down, but this risks loss of confidence in Japan's $12 trillion debt stock, worth a fifth of global GDP. The central bank must walk a tightrope.

Meanwhile, events in Bahrain at the epicentre of global crude supplies are potentially just as threatening. Shi'ite protesters have denounced the arrival of Saudi forces to prop up Bahrain's Sunni king as an "act of war". What began a month ago as a civic rally for greater freedoms has evolved into a sectarian uprising by the Shia, 70pc of the island and with mixed Arab-Iranian ancestry. Iran called the Saudi move "unnacceptable", and left doubt that a bloody crackdown will prompt a response.

The risk group Exclusive Analysis said it expects "use of heavy force against protesters" as Sunni-Shia fighting breaks out, which in turn may cause Iran to "activate proxy militia to carry out attacks on security forces".

This would create a state of latent warfare between the two Gulf superpowers, and risk setting off a Shia uprising in Saudi Arabia's eastern province, home to giant Ghawar oil field.

David Murrin from Emergent said events had become unstoppable. "You can't put this explosive Shia energy back in a box. Nor can the Saudis try to pay them off because that won't change their ideology. There is a revolution under way in a region that underpins the US economy and the dollar," he said. Markets live: follow the effects of the Japanese disaster on the global economy.


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