Thursday, 2 May 2013

Asian Markets Update


Asian shares rose on Friday after an interest rate cut by the European Central Bank added to hopes that more stimulus from yet another major central bank will help shore up the global economic recovery.
The euro traded at USd 1.3064, having skidded nearly 1 percent on Thursday. It also lost ground against the yen, slipping to 128.00 and pulling further away from a 3-year peak around 131.10 set last month.

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