Japanese stocks rose in CFD’s accounts after rumors about the European Union taking economic measures to help Greece reduce its budget deficit. These economic measures are not confirmed yet; Germany´s representatives say that the best strategy is to remove Greece from the EU before this financial disaster affect the stability of the shared currency. Unfortunately the Euro’s stability was affected some weeks ago.
The Nikkei 225 Stock Average gained 0.3 percent to 10,041.25 in Tokyo. The U.S. equity market was shut yesterday for Presidents’ Day; financial markets in China, Singapore and Malaysia are closed for the Lunar New Year holiday.
Nikon Corp. added 0.9 percent and Panasonic Corp., the world’s biggest maker of plasma televisions, jumped 1.1 percent after Citigroup Inc. raised its rating. The improvement in Japanese economy, the second biggest in the world, is definitely a positive signs of financial recovery for the entire world.