9th day in a row, lets keep the party rolling, if our markets suddenly reverse tomorrow and head to the downside a 10 in a row for the Nikkei is most likely out of question. I think the US markets could have an up opening on the asian markets being higher overnight, but I think some profit taking is coming. I can feel it.
Nikkei gains for 9th day, longest run in 21 years
Mon Jul 27, 2009 2:11am EDT
Market News
Rally in Asian stocks persists; eyes on earnings
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More Business & Investing News...
TOKYO, July 27 (Reuters) - Japan's Nikkei average rose 1.5 percent on Monday, gaining for a ninth straight day, on growing hopes for better-than-expected Japanese corporate earnings and an economic recovery, with top brokerage Nomura Holdings (8604.T) gaining.
Hitachi Ltd (6501.T) climbed after the Nikkei business daily said the electronics group planned to spend up to 300 billion yen ($3.2 billion) to turn five listed subsidiaries into wholly owned units. Two sources close to the matter later confirmed the report. [ID:nT98959]
The benchmark Nikkei .N225 gained 144.11 points to 10,088.66, its highest close since June 12 and booking its longest run of gains since 1988.
It briefly touched 10,179.59, its highest level in nine months.
Nikkei gains for 9th day, longest run in 21 years
Mon Jul 27, 2009 2:11am EDT
Market News
Rally in Asian stocks persists; eyes on earnings
Oil extends gains toward $69 on Asian stocks rally | Video
Rally may cool on earnings reality check
More Business & Investing News...
TOKYO, July 27 (Reuters) - Japan's Nikkei average rose 1.5 percent on Monday, gaining for a ninth straight day, on growing hopes for better-than-expected Japanese corporate earnings and an economic recovery, with top brokerage Nomura Holdings (8604.T) gaining.
Hitachi Ltd (6501.T) climbed after the Nikkei business daily said the electronics group planned to spend up to 300 billion yen ($3.2 billion) to turn five listed subsidiaries into wholly owned units. Two sources close to the matter later confirmed the report. [ID:nT98959]
The benchmark Nikkei .N225 gained 144.11 points to 10,088.66, its highest close since June 12 and booking its longest run of gains since 1988.
It briefly touched 10,179.59, its highest level in nine months.
