You are here: Home » International » News » Markets
Business Standard

Japan shares, dollar rise on hopes of US fiscal breakthrough

Nikkei advances 0.8%, the highest point since the middle of last week

Reuters  |  Tokyo 

Japanese stocks rose to a one-week high and the dollar pulled further away from an eight-month low on Thursday, as investors grew hopeful that Washington will end the political wrangling and break the US fiscal impasse that has sapped market confidence. Tokyo's Nikkei share average advanced 0.8%, the highest point since the middle of last week. The US Standard & Poor's 500 E-mini futures added 0.3%, indicating a firmer open on Wall Street on Thursday after the S&P 500 index edged up 0.1% overnight. US Treasury futures eased 7-1/2 ticks, however. House Democrats ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Thu, October 10 2013. 08:41 IST