Reuters: US Dollar Report: GLOBAL MARKETS-Shares eye 5-year high after Abe win, yen choppy

Reuters: US Dollar Report Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

GLOBAL MARKETS-Shares eye 5-year high after Abe win, yen choppy Jul 22nd 2013, 08:20 Mon Jul 22, 2013 4:20am EDT LONDON, July 22 (Reuters) - World shares were testing a five-year high on Monday as a strengthening of Japanese Prime Minister Shinzo Abe's grip on power in weekend elections were seen as a boost for his radical stimulus policies. European stocks saw a steady start to the week, dipping 0.1 percent as upbeat results from Philips and Julius Baer helped offset the temptation to book profits on the 9 percent gain the FTSEurofirst 300 index has made since June. A 0.5 rise in Japanese stocks had lifted Asia's markets overnight after Abe's big Upper House election win, though a rebound in the yen prompted some profit taking on the Nikkei cutting its early gains in half. The rise left MSCI's world share index within touching distance of the five-year high it hit at the end of May. It added to the recent gains built on generally strong company earnings and reassurances of central bank support. "We are seeing a bit of position adjustment today but we have got a general positive outlook and I don't think the trend is going to break," said Societe Generale strategist Kit Juckes.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions