empty
 
 
29.11.2010 01:57 PM
Fundamental Analysis, November 29, 2010

A mixed trend has been detected this morning in the Asian stock market due to the confirmation of an 85-billion dollar aid package for Ireland and the tensions in Korea. As such, the Tokyo stock exchange rose by 0.7%, the Hong Kong exchange strengthened by 0.2%, the Taiwan exchange advanced by 0.6%, the Shanghai exchange dropped 0.5% and the Singapore exchange by 0.3%, whereas the Seoul exchange dived 0.9% due to continued tensions in Korea.

In Europe, the Finance ministers of the Eurozone countries have confirmed yesterday the transfer of an 85-billion Euro aid package for Ireland, this in order to prevent the country from reaching a default and thus to stop the expansion of the European debt crisis. Ireland will receive 67.5 billion Euros from the EU, whereas the remaining 17.5 billion dollars will come from the IMF's pension fund.

The price of crude oil actually strengthens as a result of the approval of aid to Ireland, which expected to support the demand for black gold. Crude oil January futures are trading around 84.20 United States dollars for one barrel of oil, forming a 0.6% rise at the New York Commodities exchange.

InstaForex Analyst,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback