Shares, euro muted after rally on euro zone hopes

November 29, 2011 05:27
1 minute read.


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

TOKYO - Asian shares and the euro consolidated from the previous day's rally on Tuesday, as investors cautiously wait for European policy makers to outline details of how they will leverage their bailout fund so it can help Italy or Spain should they need aid.

MSCI's broadest index of Asia Pacific shares outside Japan rose 0.3 percent, after jumping more than 2 percent on Monday, while Japan's Nikkei was up 0.8 percent, moving further away from two-and-a-half year lows hit last week.

Markets shrugged off more news on rating agencies, including a French media report citing several sources as saying Standard & Poor's could change the outlook of France's top-notch rating to "negative" within the next 10 days.

"Let's bear in mind we had a strong rise yesterday ahead of the moves in Europe and the US so to some extend this buying momentum was led out of Asia yesterday, so we are not following as hard today," said Michael McCarthy, chief market strategist at CMC Markets in Sydney.

Euro zone finance ministers will meet later on Tuesday with detailed operational rules for the region's bailout fund, the European Financial Stability Facility (EFSF), ready for approval, paving the way for the 440 billion euro facility to draw cash from investors.

Related Content

Breaking news
August 15, 2018
Greenblatt: Peace can only succeed if it is based on realities