Tuesday, 12 August 2014

Stocks rise on easing tension, yen falls

Stocks rose on Monday, with the MSCI All-Country World Index climbing 0.8 percent. The STOXX Europe 600 in particular jumped 1.4 percent on optimism that tension between Russia and Ukraine will ease while the S&P 500 rose 0.3 percent.

The yen dropped from a three-week high against the US dollar, with mixed economic data from Japan not helping. The Cabinet Office's consumer confidence index for Japan rose to 41.5 in July from 41.1 in June but the Ministry of Economy, Trade and Industry's tertiary index fell 0.1 percent in June after having risen 0.9 percent in May.

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