Posted on 08/27/2007 12:46:55 AM PDT by bruinbirdman
Japan's benchmark Nikkei index gained Monday on economic reports from the US that the subprime mortgage crisis will curb growth and on a weaker yen.
The Nikkei 225 Stock Average gained 172.92 points in morning trading, or 1.06 per cent, to 16,421.89.
The broader Topix index of all first-section issues was up 17.15 points, or 1.08 per cent, at 1,603.00.
On currency markets at 9 am (0000 GMT), the dollar was quoted at 116.63-68 yen, up from Friday's 5 pm quote of 116.09-12 yen.
The euro was quoted at 1.3677-82 dollars, up from Friday's 5 pm quote of 1.3570-73 dollars, and at 159.57-62 yen, up from 157.56-60 yen.
$ up good news for me as I’m not renewing a 10,000 $ CD in a Japanese bank in a couple of days and I was getting worried because the $ had lost 7-8 yen from a few weeks ago , but now rebounding a bit ...yippee !
Interesting as heck when one has money invested overseas, sir.
It is very interesting regardless.
How does that work? Where can I get one?
yitbos
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