Stock trading in Japan resulted in reduction in the composite index Nikkei at 0,31%. Big losses avoided, as the quotations of the majority of Japanese companies have gone up under the influence of speculation of imminent economic recovery of European countries began to recover from the effects of a global financial crisis and the recent debt. This was largely triggered by the report published on the eve of the International Monetary Fund and the European Union on the status of the Greek finance, largely recovered after the adoption and implementation of austerity measures. In addition, Japanese investors were inclined to trust the consensus forecast of analysts predicting growth of industrial production of Great Britain and Germany, the statistics which will be published later on Friday, August 6.
Optimism beneficial influence on exchange rates: on Friday, once again there were strengthening the world's leading currencies, the dollar and euro against the yen. For this reason, the trading session will be continued this week marked another trend: the positive dynamics have once again demonstrated quotes multyprofiles Japanese companies with foreign markets, as investors were slightly more confident in their level of income from exports, and sensitive to the situation in currency markets.
In the "green" zone on the basis of the trading session proved to be quotations of securities of Japanese photographic equipment manufacturer Canon Inc. (0.9%), which receives 80% of the profits from sales in international markets. At the close of trading platforms in 2% increased the share price to the second-largest Japanese automaker Honda Motor Co. Similar dynamics have demonstrated quotes his rival Nissan Motor Co. (0.5%), one third of sales coming at markets outside of Japan. Favorable foreign exchange rates pushed up quotes the world's leading automaker Toyota Motor Corp.: Toyota securities went up by 0,3%. However, in the minus bidding ended for the Japanese manufacturer of industrial robots Fanuc Ltd., Whose shares have fallen in price on 1,2%.
Significant support to the market has also published on the eve of the financial report in Japan's largest telecommunications group Nippon Telegraph and Telephone Corporation (NTT). She reported an increase in net profits available for distribution to shareholders of the parent company, in I quarter of 2010. by 11,7% - to 155.94 billion yen (about 1.82 billion dollars at current exchange rates). Revenues from core business NTT for the reporting quarter reached 2.498 trillion yen (29.1 billion dollars), up 0.25% higher than for the I quarter of 2009. Recorded at 2.502 trillion yen. Operating profit for April-June 2010. increased by 4,3% and reached 339.65 billion yen (3.96 billion dollars), whereas the previous year rate is at around 325.77 billion yen. All the indicators were sufficiently confident, and therefore went up the share price to NTT, which grew at close to 3,2%.
As a result of trades Nikkei index fell by 29.82 points (-0.31%) - up to 9,624.10 points. Dollar / yen rose 0.05 yen against the rate of the previous trading day and was at the close of trading 86 yen to the dollar.
