Nikkei hits new high as US rate cut boosts Tokyo shares
The Tokyo Stock Exchange closed at a fourth straight record, with the Nikkei 225 up 397.06 to 9,881.53 as investors bet on lower rates and stable FX. Dollar slid to 143.15 yen amid active December trading and broad buying in steel, construction, and trading houses.
MENTIONED IN THIS ARTICLE
Tokyo
US Federal Reserve Board
Yutaka Yoshino
Nikko Securities Co
Yoshino
Eastern Europe
Eastern Bloc
Mosday
Minori Takeuchi
West Germany
Europe
Japan Broadcasting Corp
United States
Takeuchi
U.S
America
Dollar declines in Europe as markets weigh Fed cuts
The dollar weakened against most majors in early European trading while gold rose. Analysts cited the U.S. rate cut to 8.25 percent as a key factor, with some expecting brief firmer moments on rebounds. The pound strengthened against the dollar in London, and gold prices opened higher in London at about 417.90 per ounce.
MENTIONED IN THIS ARTICLE
London
Milan
Italy
Jens-Uwe Fischer
Hanover
Frankfurt
U.S
Tokyo
Europe
John Major
Zurich
Hong Kong
Bankruptcies Rise in Pa and N J Despite Record Highs
Eastern Pennsylvania and New Jersey report near record bankruptcy petitions. In Pa's eastern district 6,376 filings so far, with 730 more projected by December 30, while New Jersey shows 9,448 filings to date, already exceeding 1988’s 8,456. Court officials cite a persistent surge with no letup.
MENTIONED IN THIS ARTICLE
Philadelphia
Pennsylvania
New Jersey
Lancaster
Joseph Simmons
U.S
James Waldron
Market Advances as Fed Policy Hints Lift Stocks
The Dow rose 19.42 to 2694.97 while advancing issues led declines 7 to 5 on NYSE trading of 149.38 million shares. Optimism over potential Fed rate relief faded slightly as open market credit signals suggested slower easing. NYSE composites climbed. S&P indices gained while the NASDAQ fell. The AMEX index closed up 0.90.
MENTIONED IN THIS ARTICLE
WEW York
Federal Reserve
Fed
Fince
Regueral
NYSE
Standard & Poor
SAP
American Stock Exchange
Dow Jones
NEW York
Allg Pwr
ATT
Avemco
Baltge
Bell Ad Black Dr
Ye Csx Corp
Citizens Bank
Clorox Comsat
Megs Exxon
Moore Corp
Neoterik McPenney
Potom el
Sears
Standex
USFG
Wash Gs
Whittaker
Quotations Courtesy of Ferris Baker Watts Frederick Office
A brief note credits Ferris, Baker Watts Inc of Frederick for quotations used in the piece. The placement suggests a local business connection or sponsorship tied to the Frederick office. No further context or events are provided in the readable text.
MENTIONED IN THIS ARTICLE
Ferris, Baker Watts, Inc
Frederick
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N.J
Acwity
Ake
CHEVY
Tory Frederick
West Patrick Street
Maryland
Fand
Manile
Calais
Price
Supremes
Oldsmobile
Jenkins
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