Daily News | A growth of Asian shares

This Friday we bring you some good news for share traders. A growth of Asian shares is what you have to be aware of – they got a massive boost based on a big technology growth and earnings from the U.S. high-tech industry. Japan’s Nikkei .N225 gained 1.3 percent. Broadest Asia-Pacific shares outside Japan – .MIAPJ000PUS – stood still. On top of that, Hong Kong and South Korean indexes gained 0.7 percent in local currency. Several influential strategists say that corporate earnings were rising to new highs and they’re linking that fact to the IMF’s economic forecast for U.S., China, Japan and Europe. More on all of this will surely come next week.

However, while we’re seeing growth of Asian shares, at the same time the euro fell and European shares consequently rose. The pan-European Eurofirst 300 index .FTSE rose 1.1 percent. The euro fell second day in a row on Friday, which is the currency’s biggest weekly loss of the year. Kit Juckec, a forex strategist at Societe Generale, said that the euro was vulnerable. Therefore, for all you who trade currencies this might be the right time to react. That’s it from us for this week, but we’ll see you again on Monday. Take care!

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