Shares to profit from a recession

Jonathan Jackson, head of equities at stock broker Killik & Co said that in a recession people cut back on their use of cars and turn to public transport. Good news for First Group, the leading transport operator in Britain and North America, operating bus and train groups including First Great Western, First Capital Connect and the Yellow School Bus.

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Nicolas Sarkozy pledges drastic austerity measures as French bank shares crash

Mr Sarkozy returned from the Riviera to chair an emergency meeting in Paris with his inner cabinet and the central bank chief, Christian Noyer, breaking the sacrosanct August holiday.

The key ministries were given one week to draw up radical austerity measures.

"Whatever the impact of global uncertainty, or the S&P's downgrade of America's debt, or the turbulence of the markets, we will take the necessary steps, " said finance minister François Baroin.

The political drama came as swirling rumours set off a collapse of French bank shares.

Société Générale fell 21pc before recovering partially, plagued by fears that it may be heavily exposed to tumbling global stockmarkets through its role in the equity derivatives market. Credit Agricole closed down 13pc, and BNP Paribas fell 10pc.

French banks have €410bn (£360bn) of exposure to Italy alone according to the Bank for International Settlements. The twin crises in France and Italy are now intimately linked and appear to be feeding on each other.

The MIB index on the Milan bourse fell 6.7pc as the euphoria following the European Central Bank's intervention in the Italian bond markets gave way to angst that the EU bailout machinery may not be large enough to back stop the whole of southern Europe.

France's CAC 40 closed down 5.5pc.

Morgan Stanley said the flight from French bank equities was "overdone".

BNP Paribas does not need to tap the capital markets this year, while SocGen is 93pc funded. The European Central Bank has kept its lending window open and offered a 6-month tender.

Julian Callow from Barclays Capital said the credibility of the €440bn rescue fund (EFSF) depends on France retaining its AAA rating.

That is now highly questionable despite assurances from all three rating agencies on Wednesday that nothing had changed.

"The debt ratios of the US and France are very similar. France also suffers from economic rigidities and now has this extra burden of the EFSF. People are asking themselves whether S&P can downgrade US without downgrading France," he said.

Mr Callow said France has a current account deficit of 3pc of GDP, unlike other members of the eurozone core. This is a sign of slipping competitiveness and a warning that France may struggle to carry the burden of escalating bail-outs.

French industrial output fell by 1.6pc in June and economic growth ground to a halt in the second quarter, further eroding budget finances.

The fiscal deficit was running at 7pc of GDP in the first half. It will take draconian cuts at this point to meet the 5.7pc target agreed with the EU.

With Spain, Britain, and even Italy now forcing the pace on austerity, France cannot appear nonchalant. Italy's premier Silvio Berlusconi met union leaders on Wednesay to forge a deal on €20bn of anti-deficit measures and labour reforms demanded by the ECB.

He has recalled parliament to vote on a balanced budget amendment to the constitution.

The ratings agencies are under intense pressure in Europe and may no longer be able to carry out their work effectively. Italian prosecutors have raided the offices of S&P and Moody's in Milan, accusing them of issuing "false and unfounded judgements" on the Italian financial system.

S&P said the accusations are "without any merit"

The Procura di Trani said the agencies had jumped the gun by issuing a report in early July on draft budget proposals.

Three analysts from S&P are accused of "market manipulation" and "abuse of privileged information" by issuing "inaccurate" reports over a period of several months.

This sort of judicial action against rating agencies is highly unusual. If it is shown in any way that the charges are politically motivated, the episode may inflict damage to Italy's reputation as a safe place to conduct business.

Marchel Alexandrivich from Jefferies Fixed Income said investors are worried that the latest contagion to France could bring the eurozone's bubbling problems to a head in a dramatic fashion.

"If France is dragged into the problem, then we will hit crisis point. They will either have to move to a full-blown eurobond -- and German politicians are set against that -- or face a break-up. There is a significant chance that the euro will no longer exist in its current form within twelve months," he said.

President Sarkozy said France would include a "golden rule" in its constitution to restore fiscal probity, adding that the fiscal targets for 2011 and 2012 were "untouchable".

The new budget measures will be introduced on August 24 and are expected to include the closure of 500 tax loopholes, .

The IMF said France has the highest debt ratio of any AAA state this year at 85pc of GDP and may have to tighten further next year. Like the US, France has also built up huge pension debt and contingent liabilities.

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Shares to profit from the double-dip recession

Jonathan Jackson, head of equities at stock broker Killik & Co said that in a recession people cut back on their use of cars and turn to public transport. Good news for First Group, the leading transport operator in Britain and North America, operating bus and train groups including First Great Western, First Capital Connect and the Yellow School Bus.

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Saudi shares hit 20 months down fears of contagion of protest

The Saudi benchmark lost 20pc since reaching its 2010 high, there are market bears territory Photo: Reuters

The Tadawul all indexes reference share fell 6 8pc 5,539 points, with Saudi Arabia Basic Industries, manufacturer of petrochemicals most, 7 8pc of landslide.

The index has lost 20pc since reaching its 2010 high, taking into bear market territory.

"Reports of certain arrests of a cleric caused gout." It is now a great fear of contagion in Saudi, said Haissam Arabi, Chief Executive and Manager Gulfmena Alternative Investments funds. "However, things are not all in clear fact that continuing the fall in stocks." There is no clear answer at this time. »

Saudi authorities detained a clerc of Shi'ite in the Eastern Province after he called for a constitutional monarchy and of ending corruption and discrimination, human rights activists said Reuters Tuesday.

Minority of Shi'ite of Arabia, believed be 10pc-15pc of the Saudi population, 18 m has long complained of discrimination, a charge denied by the authorities.

"It is sell all levels." There are several rumors out there and it seems that investors of all the class and type are drawing a line on the markets, says Nadi Bargouti, head of asset management at the Shu'a Capital in Dubai.

"No single person, without unique portfolio can move markets to this extent." It is a complete shock. »

On 17 February, the Prince Talal Bin Abdul Aziz Al Saud, Member of the Royal family of Saudi Arabia, said that the Kingdom may see protests unless King Abdullah proposes reforms, according to the BBC Arabic TV.

The King has increased spending on housing by riyals (£ 7bn) on 23 February. It has increased the budget of the social security of billion riyals, ordered the creation of 1 200 jobs and make a cost of living allowance 15pc permanent employees of the Government.

Saudi Arabia is the world's biggest exporter of oil and the largest Arab economy. Gross won 0 9pc $97.81 US per barrel to 8 pm in e-commerce on the New York Mercantile Exchange.

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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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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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Saudi shares launched notice on the Egypt events

Saudi Arabia Tadawul all them share Index decreased 4 1pc with 6,419.89 by Saudi lunchtime.

Market in Saudi Arabia, where the beginning of the work week is Saturday, was the first to respond to violence in Egypt and in the fall of the TASI offers a window on the forceful potential that would emerge when other regional markets reopen Sunday.

"Fall is due to a feeling about what is happening in Egypt and in the United States because the index Dow Jones declined", Friday, said John Sfakianakis, Chief Economist, Riyad Bank Saudi Fransi-Credit Agricole Group.

"You have some collateral damage linked to investors... which are exposed in Egypt and strive to only cover the exhibition through the sale of their positions in Saudi Arabia,"he says."

Tens of thousands of demonstrators met the riot police Friday, the fourth day of violent demonstrations in Egypt. The demonstrators demanded Mubarak eviction and measures to deal with overwhelming poverty in the country, corruption and the growing disparity in income distribution.

The riots - inspired by similar events in Tunisia, two weeks earlier - prompted Mubarak, who decided the most populous Arab nation since 30 years, asked his cabinet resign. But this movement seems unlikely to significantly alleviate the wrath of the Egyptians who say that the leader of 82 years is cruelly their daily lives.

Sent violence index tumbling Egyptian reference nearly 17% over two days, and analysts expect that violence Friday will be another plunge on the Egyptian Exchange and waving in other regional markets.

"The momentum is there, said Sfakianakis, predicting as regional markets drop."

"There is no reason to expect the Saudi market to go up the general feeling is predatory and wait and see rather than the sale and the buy it now", he said.

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GM shares jump as a manufacturer of car returns on the stock exchange of $trends float

GM shares climbed as high as 9 1pc and were trading at $35.50 at 10 a.m. in New York. They closed at $34.19 3 6pc. After a last day orders frenzy of GM shares, Detroit company said Wednesday that he had raised billion to $20 (£ 12 6bn) sell the shares at $33 for each, making it the largest U.S. flotation. It has the possibility to sell 23 $ billion, which would overshadow agricultural Bank of China as the flotation made Beaver in history.

The almost 50 billion $bailout in June 2009 caused controversy, but helped GM reduce costs to restructure its debt and its management of the changement.Avec an improvement in the global economy, the manufacturer has notched gains of $4 so far this year and is outstanding for its first annual profit since 2004.

"That GM has come it is certainly an achievement worthy of mention," said Howard Wheeldon, an analyst at BGC partners.

Flotation also reduces the United States Government set to 33pc 61pc, although the total game must be sold at an average of'd $ per unit for the taxpayers recover their money.GM, CFO Chris Liddell said that "with a new business model, focusing on the design, construction and selling vehicles of best in the world, we are ready to compete."

Greatly expected flotation saw almost all banks on Wall Street to take part, Morgan Stanley, JP Morgan Chase, Bank of America, Merrill Lynch and Citigroup leading underwriting.

Although controversial, GM, Chrysler and GMAC financial self bailing out registered United States loss more grosse.Le Centre for Automotive Research has calculated that increased welfare payments and lost tax revenues would have been more expensive in the long term to allow companies to fail.

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Airbus A380 engine failure hits Rolls-Royce shares

Part of the Trent 900 roller engine decays would have been in the air, on the Indonesia, forcing the flight to Sydney to an unscheduled landing Singapore.

Said rolls it "prudent to recommend that a number of basic motor precautionary checks is carried out" on the Trent 900, which is used to power command driven by Lufthansa, Qantas, Singapore Airlines.

Other customers of both airlines currently the A380 Air France and Emirates, using an engine made by GE and Pratt & Whitney of the United States.

Audits are conducted on Trent 900 rolls of all engines les.Qantas failed its fleet command and Singapore Airlines said delay all flights of the A380, while the controls are effectués.Lufthansa said that it will make inspections between flights.

Airbus has stated that it was shipping a team of technical specialists at Singapore and said that he would help the Australian authorities, investigation of the incident.

Motor rollers have systems that monitor performance and information will be used in the investigation into what went wrong, the company said.

Rolls-Royce fell 33 621½p jeudi.Actions of EADS, the owner of Airbus, has dropped from 77 cents to €18.26 in Paris.

Motor coils have been under the spotlight recently, with Airbus great rival Boeing, delaying the delivery of its 787 Dreamliner, accusing a delay in the availability of Trent 1000 rouleaux.Plus early in the summer, a Trent 1000 engine jump on roller test site of Derby.

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The Libya uplift sends shares plummet as oil price leaps

The Libya is the first oil exporters leading to be affected by the political crisis in the Middle East. Photo: AFP

Sharp falls in Asian markets during night sparked a sell-off in London and Europe, while Brent crude reaches most of $108 a barrel on concerns exports of crude oil Libya more than 1 m barrels per day may be affected foreign oil companies to evacuate the country staff.

In London, the FTSE 100 index sank as 1. 5pc and CAC 40 France fell nearly $ 2pc moves towards the exit on the high price of oil concern of investors and political turmoil will limit economic growth and hurt corporate earnings.

Better than expected UK, the figures offered loan support limited to UK blue chips, despite news of a surplus of. 7bn £ 3 for public finances of Britain in January, thanks to a bumper haul tax.

UK Government bonds were supported by the new and investors seek refuge with the yield on ten-year gilts down five points from base to 3 68pc.

Michael Hewson, CMC Markets told traders market analyst fears the Libya and broader problems in the Middle East could send global markets in prolonged slump.

"Given that we saw massive gains of the stock market in recent months, investors have been nervous about a possible fix for some time," he said.

"Tensions in the Middle East with the implosion of the Libya and concerns that disorders may extend to Saudi Arabia could provide such a catalyst for a correction as we are approaching some support keys on main indices levels."

The Libya is 18th largest producer of oil in the world, pumping approximately 1.8 million barrels per day, or a little under 2pc of daily production. OPEC countries also depends on the largest oil reserves throughout Africa.

The country is the first oil exporters leading to be affected by political unrest, but traders were also considering events in Iran, the second largest producer in OPEC.

Airlines were among stocks hardest hit in London, under pressure from concerns over the impact of soaring fuel costs.

Europe receives more gross exports of Libya - mainly 85pc jet fuel – with 8 5pc password to the United Kingdom.

However, the Director of the International Energy Agency, Nobuo Tanaka, moved to reassure markets that provides oil are secure.

Speaking at a meeting in Riyadh, Saudi Arabia, he said OPEC nations provided that the cartel can use spare capacity to increase production to meet any shortfall of the Libya or Bahrain.

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The German market hit shares to fall as the insurers,

Traders on the Frankfurt stock exchange watch events take place in the Japan Monday, March 14, 2001. Germany shares fell 1. 5pc at a given time. Photo: Reuters

The DAX index fell 1. 5pc sometime as reinsurance group shares more of the world, Munich Re fell 4. 43pc, while the general insurer Allianz lost 3. 4pc. The two companies lose respectively 4 28pc and 2 14pc Friday.

Insurance groups are subject to massive costs by the earthquake and tsunami that struck the Friday Japan, eventually killing more than 10,000 people according to the Chief of police in Miyagi Prefecture.

Sunday, an analysis of risk by AIR Worldwide said that the only earthquake could require an economic balance up to more than $34 (£ 30bn).

However, a statement of Munich Re said that the crisis from a Japanese nuclear power plant "will probably not significantly affect private insurers."

German electricity companies were affected as well. Stocks in the two largest, EON and RWE, collapsed in morning trading Monday as fears about nuclear energy grew. EON fell 3 36pc and number two RWE showed a loss of 4 FP6.

EON and RWE control most of the Germany nuclear reactors, while the Swedish group Vattenfall is also active in the sector.

Germany has been debating whether to continue the use of nuclear energy and a central crisis devastated the Japan will make probably more difficult for energy-producing companies overcome public opinion.

German operators comes to obtain permissions to extend the life of their plant operations, even if the general public is opposed to rely more on nuclear power.

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The Qatar shares hit high two-year win World Cup bid

Qataris celebrate winning the bid to host the 2022 World Cup.

Qatar Exchange index opens 7pc but fell back slightly more later to close 3 6pc - or 292 points - 8,477.32 points.

Real estate Barwa was 6 19pc and Al Khalij Holdings, which is involved in the manufacture of cement, Office 6 2pc as the gas-rich desert Emirate is committed to spend tens of billions of dollars in the construction of stadiums, hotels and infrastructure.

Qatar has promised to build a modern transportation including a Metro system and new facilities hosting with air-conditioned stages.

A producer of major and extremely rich in gas oil reserves, but with a population of only 1.7 m, Qatar has emerged in recent years as a large crowd international sport and cultural events.

It hosted the 2006 Asian Games and will be staged event top football top region, Asia, cutting in January.

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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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FTSE 100 shares hit by taking profits on the anxieties of the g-20

Broker's lowered its rating on the producer of copper, who intends to purchase participation India of Cairn to "buy" to "neutral" control

"We see the potential for delays in the transaction proposed oil and recent rulings of the Court and the Government implement group metals growth plans in doubt," writes analysts. " We believe that investors are more concerned with strategy group and the ability of management to meet its promises.»

Society resource also lost 20 to 907 p and Lonmin slipped 30 p to £ 17.96.

However, Reckitt Benckiser was the largest manufacturer of visibility and the Cillit Bang abatteur.Le sank 164 p to £ 33.86 on the announcement that his Director of finance, Colin Day, must leave the company in March of the year next to explore other business interests.

The trend of bucking market was Tui Travel, despite of downgraded by Citigroup. Big business travel Europe has tumbled Thursday after restating its accounts and the resignation of the Director of finance, but he recovered 211½p 6½ Friday to lead the blue-chip winners.

A volume 164 pages of the European sector of hotel and leisure, Citi analysts cut TUI "bilge high risk", "buy/high risk", saying that 2010 has been "a disappointment for tour operators and we're more skeptical about long-term prospects".

"TUI Travel's still work to be done in several of its territories (France, Poland, etc.) which should help improve margins of 30 points basis for the next two years and we have as a niche group and expert operations (EBIT 30pc), but we see hardware opportunities for significant growth in the long term for the group without M & A", they added, with a price target of 275 p 220 p operator.

His counterpart grouped, Thomas Cook fared worse - fall 3.4 180½p - after Citi downgraded the "bilge high risk" group travel "buy/high risk". ""Low traffic 2010 cooled our enthusiasm for the"new"more rational dominant tour operator sector," the analyst added.

Join TUI in the ranking were retailers with Marks & Spencer to 7.9 percent 426.2 and front 39 percent to £ 23.13 more.

British Airways(BA) has been climbing even more élevé.ayant received earlier in the week strong gains posted by U.S. peers, the airline is an another boost Friday in the form of a Goldman Sachs on the British carrier optimistic note and the Spanish airline Iberia, which helped raise 2.7 percent 283.4 BA.

"BA and Iberia are fusion that we believe will produce synergies, but more interesting, in our opinion, are joint venture of BA, Iberia and American [Airlines] which should lead to a tightening of yields of premium on North Atlantic as transactions and discounts are renegotiated," said analysts.

BG Group, producer gas, ticked up to 9½ in £ 12.03 after he said that a well off the coast of Tanzania had met carrier gas sands.

Also stimulate BG is news that the Government of the Australia had given environmental approval for two coal gas projects a value of approximately $30bn (£ 19bn), led by BG and Santos.Mais green light came with 300 conditions of approval, especially dealing with protecting the water supply.

"The question remains whether these conditions are difficult or show-stoppers but would have thought you that a large number of which have pre-worked," said Morgan Stanley analyst.

Among the plugs, Micro Focus international led charge, 29-411½p's speculation that IBM could be Brig doping software company. ""We can see why Micro Focus can be an attractive asset," wrote execution of noble analysts. """ Software migration of micro focus offers an alternative to IBM for IBM mainframe can acquire from Micro Focus to defend its activity mainframe.""

Housebuilders had such step floating one day after Alastair Stewart, an analyst at Investec, all decommissioned its price target for the general public housebuilders account of what he sees as "the serious risk of a double dip the internal prices and values of the land" it added: "It has been invited by gathering evidence in recent weeks that the housing market has ground to a standstill, crystallized by Bellway negative comments on the market with its results throughout the year."

Taylor Wimpey shed 0.99 to 23.13% after cutting to "hold" to "buy" with a new price target of 25 p.et Barratt Developments dragged 3.3% 80.2 after it has been slashed to "buy" to "sell", with a new price target of 72 p.

The fall was the 250 global FTSE throw 10894.73 9.96 points.

Small caps, Vitec put on 34½ at 515 p after the provider of the camera and said lighting trade since its results for the first half were stronger than expected.

Goal Dods - parliamentarians magazine The House - tumbling 3.25 - or 32½pc editor - 6.75 percent as it suffered from reductions in government spending.

"Even though the majority of political affairs was carried out in the year and show good sales effects of cuts in public expenditure have been deeper than expected at the time of the interim report within our public service training activities" said the editor, warning that throughout the year results "materially fall earlier expectations [directors']". ""

View the original article here

10 shares dividend

In the middle of broader economic pessimism, fund managers say that this information shows that many British companies are in rude health. Clive Beagles, J O Hambro equity income Manager, said: "Us remain optimistic that this trend will continue."

Start-ups or recover payments of dividends to shareholders are three to those that cut or cancelled their dividends.

But not all income equity managers are also optimistic. Bill Mott, income veteran who now leads income Psigma Manager "quite prudent" rest on the Outlook for UK companies.

"I think we are pretty anemic growth years."Corporations best placed to dividends shall be stable and predictable companies who do not have to spend lots of money, maintain or increasing their position on the market, "he says it said that these tend to be companies that are already in the arena of dividend such as pharmaceuticals, telecoms, tobacco companies, and utility."

But the two fund managers agree that investors smart there were significant dividends for these pillars établis.Voici a growth opportunities list different dividend fund managers at business growth over the next few years.

Of course, those who do not venture to invest in individual stocks should consider income fund equity invests in a broad basket of companies that have the potential to pay a good dividend stream.

Mr. beagles said that this high street retailer has certainly had its problems.It has ceased to pay dividends two years ago, but since then has succeeded in reducing the debt that it carries out by about two-thirds.

On the back of the most optimistic addresses statements that he expressed optimism that payments should resume next year."If it paid only a third of its earnings, it would mean a 9 to 10 p.Sur share the current price which represent a yield of about 4 5pc dividend,", he said.""

This is another smaller company than Mr. Beagles said dividend growth potential.Company, purchased Princess P & O at the beginning of the previous decade, control on the market of the croisière.Il 60pc has developed in the last decade, but even two years ago it cut its dividend juste retour customer demand fell in the wake of the financial crisis.It is now paying a small dividend but it is only a quarter of what it had paid until payment has been reduced.

Mr. beagles said: "the company has spent less on new ships, and demand is increasing once again, so its cash position improved.""We would expect to see this definition to a growing stream of dividend again."

Investors should keep in mind that that this company has a double list in Britain and America, the dividends are paid in cents.

Most analysts expect the oil giant to restore its dividends in 2011. The question is, what niveau.Tineke Frikkee, Newton Investment Fund Manager said: "" optimists could hope that payments will resume at its previous level, on US 14 c per quarter, while the more pessimistic than commentators believe shareholders will be lucky to get half that. ""

Ms. Frikkee she sat "somewhere between the two" and expects a dividend payment of c 9 and 10 (c) the year prochaine.Cependant, although it will show a big jump in dividends, yields no are not higher than other companies.

She added that the pound to dollar exchange rate fluctuations could affect returns for British investors.

Mr. Mott says those looking good and consistent growth dividends should consider these alimentation.Les yields retailers currently vary slightly below 3pc a little more 4pc."Each of these are good defensive businesses", he said.

"And are looking to expand in various ways, both United Kingdom, thanks to our population growth and abroad it said:"they are generative businesses in cash, with a good dividend growth potential but they remain a low-risk investment especially when economic conditions deteriorate"."

The company pay is also favoured by Mr. Mott for future dividend growth.He said: "they have a very good Chief Executive Charles Wilson, who transformed the company to have a massive debt virtually no debt at all the".

The company is involved in a start-up in India Company, but also its UK.Il base stable cash flow added: "this company has the potential to increase its revenues and its dividendes.Et pricing actions today that performance seems to be interesting."

Several life, like other financial corporations, insurers reduced their dividends at the beginning of the crisis of credit, but many are now increasing these payments once again at the rear of the good growth.

Legal & General, for example, half its dividends at the end of 2008, nearly 6 percent to 3 p.Son last dividend was up 30pc. "But even with this increase is still considerable scope for further rises reach their previous levels, said Mr. Beagles.Autres life insurers is also cutting of dividends: Aviva, for example, has recently increased its dividend 10pc-15pc.

Industrial services company (who is involved in security and maintenance of the platforms, among other things) has not paid a dividend of 10 ans.Cela was largely due to carrying large debts and having a significant historical asbestos liability.

But the company has succeeded in reducing its debt and made provision for outstanding claims payable asbestos. Beagle said: "we expect this company to begin to behave as it should have been in the last decade as a 400 m £ well run on a reasonable price for the ratio of compensation trades".

Analysts expect HSBC is the Bank that provides the greatest growth dividend 2011.Mme Frikkee said: "Investors must still remember that it is paid in dollars."

Improves the balance sheets of banks, review of policy and regulatory interfere with their ability to resume dividend yields observed that seeking long-term, Lloyd said Frikkee passé.Mme's Banking Group has reviewed chances to provide a stable and consistent dividend stream but is unlikely to begin to pay the shareholders in the following year.

View the original article here

Market report: FTSE 100 shares rebound after Ministers speeches

Traders has also noted that Smith & Nephew is once more the focus of speculation, support after that UBS, said the company in its "watch list", arguing that Johnson & Johnson and or private owned equity Biomet may be interested in acquiring the giant of the doctor. Actions then to 17½ to 568 p.

Overall, the FTSE 100 climbed points 25.04 to 5728.93 and FTSE 250 edged 5.65 10831.86 points.

Bus and rail companies peppered Board midrange leader in the global review of the dépenses.concessionnaires chased the highest shares after the Chancellor said rail and bus groups will be able to raise prices by 3pc more than inflation, which is much better than expected. Diligence closed to 17.6 205.1 p, approved updated 88% to £ 12.27 and FirstGroup increased 24.2 401½p.

Among the blue chips, autonomy increased 61% to £ 15.05 to some comments positive broker. Panmure Gordon, for example, updated the stock from "buy" to "hold".The broker analysts argued that the shares are worth purchase because promoting is one-piece gearmotors on broader economic recovery, it is potentially a new acquisition in the corner and two product launches new "imminent" expand the addressable market for the autonomy.

Meanwhile, Goldman Sachs, reiterated its "buy" rating on autonomy. "Key short-term catalyst is the announcement of a takeover, said Mohammed Moawalla, an analyst at Goldman Sachs.Il said: "autonomy has a solid track record as the arrival of trafficking and we would expect a similar to the previous one transaction acceleration Road book market".

Extraction of stocks was the leader board after having endured some heavy sales over the last two days.Xstrata has rebounded 42½p £ 12.91 while Rio Tinto added 108 p to £ 40.56.

Vodafone advanced 2.1 p 168,3 that Goldman Sachs from 2011 to 2013 per-share earnings forecast by 3pc and 4pc to weakness of sterling account.

Barclays donning 2¼ to 291.1 p. Wednesday, Keefe, Bruyette & Woods sellers told customers only after a meeting with the company, they left with a more positive view on the stock.

Nomura has reiterated its "buy" rating on GKN and raised its price target to 205 p.Les shares climbed 3.3 175¾p.

International Power gained 7.2% 411.6 after that Royal Bank of Scotland raised his price target to 390 p 450 p.

Cobham improved 3.9 242.8 p as dealers noted that Goldman Sachs has put the company on its list of "conviction buy", arguing that it could carry out acquisitions or be swallowed by a rival.

On a less positive tack, BG Group was under pressure in the middle of the conversation that it met serious problems for Australia coal-bed methane projects.

Macquarie Group reported by Bloomberg reportedly said that the Australian Government can delay approval for coal bed methane projects proposed in Queensland after origin energy found traces of chemicals banned in exploration wells.BG Group has fallen from 10 p to £ 11.76.

Several stocks declined after negotiation ex-dividende.Smiths Group lost 31% to £ 12.19 and BAE Systems Hangar 14 349,9 percent as they exchanged without the right of their dividends.

Dealers chewed on the implications of Tuesday, defence spending review of BAE Systems.Running noble said: "SDR UK contains some negative (by BAE Systems) such as the Harrier departures for retirement and cancellation of Nimrod."

Babcock International rallied 9½ in 573½p.Panmure Gordon analysts said: "" we believe that our thesis long-term Babcock remains intact, not bad that fears initially dépenses.Avec cuts significant downsizing confirmed among officials of the Department of Defense, we believe that this will lead to high levels of outsourcing Babcock should emerge as a key beneficiary.""

Ashtead towards more than 5.4% 121.4 continued solid results for the third quarter of United Rentals.Alex Hugh, UBS, said analyst as the figures show "rental penetration accelerating rental suggesting firms can grow even when the non-residential construction is not.

However, Kesa fell 3.7 percent 155.8 after UBS downgraded to "neutral" stock from "buy".the actions have been reinforced by recent bid speculation with UBS, pointing out that the stock has rallied 20pc month dernier.Best Buy and private equity companies were a tip as contenders possibles.Toutefois, Adam Cochrane, the UBS analyst said: "a take of" was unlikely.

Hansen Transmissions plunged 7.3 43 percent after the manufacturer of products used in wind generators and said revenues for the year cooling towers fall on 10pc.La society expected revenues grow between 5MC and 10pc.

Stobart group is 13½-143 p after it has reduced its income throughout the year forecast due to the reduction of expenditure by Network Rail and financing costs increased.

Jardine Lloyd Thompson then 16 597% in the middle of rumours, it can be taken target for Marsh & McLennan.Potins bid made for months, with Aon cited as another potential bidder tours.

However, it does not clear if the Jardine Matheson Holdings is a vendor disposé.Le Hong Kong-based conglomerate owns 30pc Jardine Lloyd Thompson, so any agreement would require its traders approbation.Certains believe that Jardine Matheson wants to sell.

View the original article here

FTSE 100 shares hit by taking profits on the anxieties of the g-20

Broker's lowered its rating on the producer of copper, who intends to purchase participation India of Cairn to "buy" to "neutral" control

"We see the potential for delays in the transaction proposed oil and recent rulings of the Court and the Government implement group metals growth plans in doubt," writes analysts. " We believe that investors are more concerned with strategy group and the ability of management to meet its promises.»

Society resource also lost 20 to 907 p and Lonmin slipped 30 p to £ 17.96.

However, Reckitt Benckiser was the largest manufacturer of visibility and the Cillit Bang abatteur.Le sank 164 p to £ 33.86 on the announcement that his Director of finance, Colin Day, must leave the company in March of the year next to explore other business interests.

The trend of bucking market was Tui Travel, despite of downgraded by Citigroup. Big business travel Europe has tumbled Thursday after restating its accounts and the resignation of the Director of finance, but he recovered 211½p 6½ Friday to lead the blue-chip winners.

A volume 164 pages of the European sector of hotel and leisure, Citi analysts cut TUI "bilge high risk", "buy/high risk", saying that 2010 has been "a disappointment for tour operators and we're more skeptical about long-term prospects".

"TUI Travel's still work to be done in several of its territories (France, Poland, etc.) which should help improve margins of 30 points basis for the next two years and we have as a niche group and expert operations (EBIT 30pc), but we see hardware opportunities for significant growth in the long term for the group without M & A", they added, with a price target of 275 p 220 p operator.

His counterpart grouped, Thomas Cook fared worse - fall 3.4 180½p - after Citi downgraded the "bilge high risk" group travel "buy/high risk". ""Low traffic 2010 cooled our enthusiasm for the"new"more rational dominant tour operator sector," the analyst added.

Join TUI in the ranking were retailers with Marks & Spencer to 7.9 percent 426.2 and front 39 percent to £ 23.13 more.

British Airways(BA) has been climbing even more élevé.ayant received earlier in the week strong gains posted by U.S. peers, the airline is an another boost Friday in the form of a Goldman Sachs on the British carrier optimistic note and the Spanish airline Iberia, which helped raise 2.7 percent 283.4 BA.

"BA and Iberia are fusion that we believe will produce synergies, but more interesting, in our opinion, are joint venture of BA, Iberia and American [Airlines] which should lead to a tightening of yields of premium on North Atlantic as transactions and discounts are renegotiated," said analysts.

BG Group, producer gas, ticked up to 9½ in £ 12.03 after he said that a well off the coast of Tanzania had met carrier gas sands.

Also stimulate BG is news that the Government of the Australia had given environmental approval for two coal gas projects a value of approximately $30bn (£ 19bn), led by BG and Santos.Mais green light came with 300 conditions of approval, especially dealing with protecting the water supply.

"The question remains whether these conditions are difficult or show-stoppers but would have thought you that a large number of which have pre-worked," said Morgan Stanley analyst.

Among the plugs, Micro Focus international led charge, 29-411½p's speculation that IBM could be Brig doping software company. ""We can see why Micro Focus can be an attractive asset," wrote execution of noble analysts. """ Software migration of micro focus offers an alternative to IBM for IBM mainframe can acquire from Micro Focus to defend its activity mainframe.""

Housebuilders had such step floating one day after Alastair Stewart, an analyst at Investec, all decommissioned its price target for the general public housebuilders account of what he sees as "the serious risk of a double dip the internal prices and values of the land" it added: "It has been invited by gathering evidence in recent weeks that the housing market has ground to a standstill, crystallized by Bellway negative comments on the market with its results throughout the year."

Taylor Wimpey shed 0.99 to 23.13% after cutting to "hold" to "buy" with a new price target of 25 p.et Barratt Developments dragged 3.3% 80.2 after it has been slashed to "buy" to "sell", with a new price target of 72 p.

The fall was the 250 global FTSE throw 10894.73 9.96 points.

Small caps, Vitec put on 34½ at 515 p after the provider of the camera and said lighting trade since its results for the first half were stronger than expected.

Goal Dods - parliamentarians magazine The House - tumbling 3.25 - or 32½pc editor - 6.75 percent as it suffered from reductions in government spending.

"Even though the majority of political affairs was carried out in the year and show good sales effects of cuts in public expenditure have been deeper than expected at the time of the interim report within our public service training activities" said the editor, warning that throughout the year results "materially fall earlier expectations [directors']". ""

View the original article here

10 shares dividend

In the middle of broader economic pessimism, fund managers say that this information shows that many British companies are in rude health. Clive Beagles, J O Hambro equity income Manager, said: "Us remain optimistic that this trend will continue."

Start-ups or recover payments of dividends to shareholders are three to those that cut or cancelled their dividends.

But not all income equity managers are also optimistic. Bill Mott, income veteran who now leads income Psigma Manager "quite prudent" rest on the Outlook for UK companies.

"I think we are pretty anemic growth years."Corporations best placed to dividends shall be stable and predictable companies who do not have to spend lots of money, maintain or increasing their position on the market, "he says it said that these tend to be companies that are already in the arena of dividend such as pharmaceuticals, telecoms, tobacco companies, and utility."

But the two fund managers agree that investors smart there were significant dividends for these pillars établis.Voici a growth opportunities list different dividend fund managers at business growth over the next few years.

Of course, those who do not venture to invest in individual stocks should consider income fund equity invests in a broad basket of companies that have the potential to pay a good dividend stream.

Mr. beagles said that this high street retailer has certainly had its problems.It has ceased to pay dividends two years ago, but since then has succeeded in reducing the debt that it carries out by about two-thirds.

On the back of the most optimistic addresses statements that he expressed optimism that payments should resume next year."If it paid only a third of its earnings, it would mean a 9 to 10 p.Sur share the current price which represent a yield of about 4 5pc dividend,", he said.""

This is another smaller company than Mr. Beagles said dividend growth potential.Company, purchased Princess P & O at the beginning of the previous decade, control on the market of the croisière.Il 60pc has developed in the last decade, but even two years ago it cut its dividend juste retour customer demand fell in the wake of the financial crisis.It is now paying a small dividend but it is only a quarter of what it had paid until payment has been reduced.

Mr. beagles said: "the company has spent less on new ships, and demand is increasing once again, so its cash position improved.""We would expect to see this definition to a growing stream of dividend again."

Investors should keep in mind that that this company has a double list in Britain and America, the dividends are paid in cents.

Most analysts expect the oil giant to restore its dividends in 2011. The question is, what niveau.Tineke Frikkee, Newton Investment Fund Manager said: "" optimists could hope that payments will resume at its previous level, on US 14 c per quarter, while the more pessimistic than commentators believe shareholders will be lucky to get half that. ""

Ms. Frikkee she sat "somewhere between the two" and expects a dividend payment of c 9 and 10 (c) the year prochaine.Cependant, although it will show a big jump in dividends, yields no are not higher than other companies.

She added that the pound to dollar exchange rate fluctuations could affect returns for British investors.

Mr. Mott says those looking good and consistent growth dividends should consider these alimentation.Les yields retailers currently vary slightly below 3pc a little more 4pc."Each of these are good defensive businesses", he said.

"And are looking to expand in various ways, both United Kingdom, thanks to our population growth and abroad it said:"they are generative businesses in cash, with a good dividend growth potential but they remain a low-risk investment especially when economic conditions deteriorate"."

The company pay is also favoured by Mr. Mott for future dividend growth.He said: "they have a very good Chief Executive Charles Wilson, who transformed the company to have a massive debt virtually no debt at all the".

The company is involved in a start-up in India Company, but also its UK.Il base stable cash flow added: "this company has the potential to increase its revenues and its dividendes.Et pricing actions today that performance seems to be interesting."

Several life, like other financial corporations, insurers reduced their dividends at the beginning of the crisis of credit, but many are now increasing these payments once again at the rear of the good growth.

Legal & General, for example, half its dividends at the end of 2008, nearly 6 percent to 3 p.Son last dividend was up 30pc. "But even with this increase is still considerable scope for further rises reach their previous levels, said Mr. Beagles.Autres life insurers is also cutting of dividends: Aviva, for example, has recently increased its dividend 10pc-15pc.

Industrial services company (who is involved in security and maintenance of the platforms, among other things) has not paid a dividend of 10 ans.Cela was largely due to carrying large debts and having a significant historical asbestos liability.

But the company has succeeded in reducing its debt and made provision for outstanding claims payable asbestos. Beagle said: "we expect this company to begin to behave as it should have been in the last decade as a 400 m £ well run on a reasonable price for the ratio of compensation trades".

Analysts expect HSBC is the Bank that provides the greatest growth dividend 2011.Mme Frikkee said: "Investors must still remember that it is paid in dollars."

Improves the balance sheets of banks, review of policy and regulatory interfere with their ability to resume dividend yields observed that seeking long-term, Lloyd said Frikkee passé.Mme's Banking Group has reviewed chances to provide a stable and consistent dividend stream but is unlikely to begin to pay the shareholders in the following year.

View the original article here

FTSE marks time as Asian shares hit two-year highs

Asian stocks shot to a two-year high, boosted by interest in emerging markets, as the dollar remained close to an eight-month low against a basket of major currencies, with expectations increasing that the Federal Reserve will add to money supply before the year is over to support the US economy.

The MSCI index of Asian stocks outside Japan rose to the highest level since June 2008, as investor confidence in the region's prospects was boosted by signs Chinese manufacturing activity has held up well.

"Continued foreign buying, amid the US dollar's recent weakness and an increasing preference for emerging market stocks, has lifted the market to a new high," Lee Jin-woo, a market analyst at Mirae Asset Securities in Seoul, told Reuters.

Strong foreign portfolio flows into the region have lifted Asian currencies, putting pressure on regional central banks to step up intervention to limit the inflow of speculative "hot money" and to support their export-oriented economies.

In South Korea, foreign investors were buyers of a net 141 billion won ($124.8 million) worth of stocks, poised to pick up shares for a 14th straight session, the longest buying streak since April.

The MSCI index of Asia Pacific shares outside Japan, which has risen for six consecutive weeks, was up 1.1pc with a 2.3pc gain in the energy sector leading the pack on the back of firm crude prices.

Hong Kong's Hang Seng index led regional exchanges, rising 1.4pc to 22662.15 points.

However, the Nikkei closed 0.25pc down at 9381.06, as trading in Japan remained nervous ahead of a Bank of Japan policy decision on Tuesday.

Former BOJ Deputy Governor Toshiro Muto said on Friday the central bank may ease policy as inaction would run the risk of spurring further yen gains, given the prospects for easing by the Fed.

Traders are not expecting the BOJ to make a substantial change to policy but may hold off on big bets on the yen ahead of central bank meetings in Britain and the eurozone on Thursday, as well as the September US payrolls report on Friday.

"Nervous trade will likely continue this week, even after tomorrow's event, as US jobs data is also set to be released later in the week," Hiroaki Kuramochi, chief equity marketing officer at Tokai Tokyo Securities, told Reuters.

In Europe, the French CAC and Germany's DAX were each 0.5pc lower in early trading.

View the original article here

FTSE 100 edges up as travel, utility shares rise

TUI Travel, topped the movers list, with a jump of 4.8pc to 227.2pc after it reported "strenghtened" winter travel bookings.

The company, which released a trading update on Tuesday, stated that full-year results will be “in line with previous guidance” and in addition, that net debt is expected to fall. British Airways likewise rose 2pc to 243.9p.

Utilities climbed by 1pc on boosts to Centrica, National Grid and Severn Trent. Centrica, gaining 1.3pc to 326p, has embarked upon a pilot recycling project, which attempts to turn human waste into renewable gas at Didcot sewage works.

However, performance in utiliies and travel was offset by slumps elsewhere as Inmarsat led the loserboard with a fall of 4.35pc following the sale of 65m ordinary shares in the telecommunications group by US hedge fund Harbringer Capital Partners.

Trading volumes remained thin as investors stay cautious in anticipation of this week's US jobs report – which may provide clues for investors on the health of the world's top economy.

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