Tue, 10 June
21.1 C
Yerevan
USD: 384.44 RUB: 4.83 EUR: 434.11 GEL: 140.51 GBP: 515.15

Nikkei hits new 5 1/2-yr high on weak yen, signs of improving economy”: Reuters

YEREVAN, May 20. /ARKA/. The Nikkei share average surged to a fresh 5-1/2 year high on Monday, buoyed by further weakness in the yen and optimism over the growth outlook after the Japanese government raised its assessment of the economy for the first time in two months.

Signs of an improving U.S. economy and Wall Street’s record closing high on Friday cemented the positive mood in markets.

The Nikkei climbed 1.5 percent to 15,360.81, the highest closing mark since December 2007. During the day, the index rose as high as 15,381.74, the highest level for the same period.

The Nikkei has gained 48 percent this year, and it has added more than 8 percent since May 9, when the dollar broke above the 100-yen level.

The government’s monthly report said that economy is gradually recovering, which was an upgrade from last month, when it said the economy was showing signs of recovery but still had
some weak spots.

The upgrade highlights the success of Prime Minister Shinzo Abe’s policies, which combine stimulus spending with aggressive monetary easing to pump-prime the economy and are resulting in a
sharp weakening of the yen. –0–

spot_img

POPULAR

Euro and ruble exchange rates to the Armenian dram fell, the dollar rose

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian currency market as of June 6, 2025, increased by 0.06 points compared to June 5 and amounted to 383.46 drams.

Mechanism to stimulate cashless payments to be developed in Armenia

On Friday, the Armenian government held a meeting on issues related to stimulating cashless payments in the country.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Acba Bank contributed to the construction of a modern sports ground in Goris

In the “Haghtanak” park of Goris, a sports ground that meets modern standards was built in cooperation with Acba Bank, the Hayastan All-Armenian Fund and the Goris City Hall, the bank’s press service reported.

Acba Bank and NABU launch free 2025 program for organic agriculture development

Acba Bank and the Armenian branch of the German "Nature and Biodiversity Conservation Union" (NABU) are launching a free 2025 Organic Agriculture Development Program, the bank's press service reported.

LATEST NEWS

spot_imgspot_imgspot_img