Sunday, 18 December 2011

EURO GAIN AFTER UP BEATING U.S

Asian shares, euro gain after upbeat U.S. data
Asian shares edged up and the euro slunk higher on Friday, as signs of strength in the U.S. economy temporarily broke through gloom over the European debt crisis that had driven a sell-off in riskier assets over the past three days.
U.S. stocks rose modestly on Thursday, after a fall in U.S. unemployment, a stronger-than-expected rise in regional factory activity and better-than-forecast results from FedEx Corp painted an improving picture of the economy.
Japan's Nikkei share average followed the trend, rising 0.4 percent, while MSCI's broadest index of Asia Pacific shares outside Japan rose 0.3 percent
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