Tradewise Report

on . Posted in Investment general

The Nikkei Index climbed 3.5% to a three-week high on Friday, supported by optimism that the U.S. Federal Reserve will not soon rein in its stimulus measures and by encouraging Japanese economic data

Chinese shares showed solid gains and helped buoy Hong Kong on Friday, led by a strong rebound in financials and properties as worries on China's cash crunch eased as reported by Reuters.

Reuters reports that European shares opened slightly higher on Friday, with trading expected to be muted as investors avoid making large bets at the end of a volatile quarter and ahead of more U.S. economic data.

According to the Reuters website, US shares rose for a third straight day on Thursday after comments from several Federal Reserve officials soothed concerns that the central bank would begin to reduce its stimulus efforts in the near future.

The Business Day reports that the JSE closed on the front foot on Thursday despite weaker opening with risk appetite in global markets pushing demand for equities higher.

The Rand was last trading slightly stronger at R9.9083 against the Dollar, with the Pound firmer at R15.1548. The Euro moved to 12.9536 from its previous close of R12.9492.

Gold was last trading at $1 200, with the platinum price quoted at $1 314, while the palladium price was trading at $648.50.

The Brent crude oil price was last trading higher at $102.65 a barrel.