Confusion in the global markets due to foggy conditions

Group of 20 defuse 'currency war'

Continued confusion noticeable in the performance of global stock markets yesterday due to the absence of a clear economic vision in Europe, America, and Japan. While Japan’s Nikkei at its highest level in 32 months due to a weaker yen Europe shares touched its lowest level in two weeks amid mixed expectations about the global economy.

The price of gold rose 1% to more than 1683 dollars per ounce direction of the comments of the U.S. Federal Reserve, which indicated that the central bank is not in a hurry to withdraw monetary stimulus. At one stage trading reached the spot price of the yellow metal $ 1680.64 an ounce after hitting $ 1683.70, its highest price since the third of January.

Tokyo Stock Exchange

On the Tokyo Stock Exchange Nikkei Japanese at its highest level in 32 months, improving demand for shares of exporters thanks to the continued weakness of the yen, but a Japanese official’s comments curbed gains. The Nikkei rose 0.7% to 10879.08 points, its highest close since April 2010.

The index rose to 10952.31 points in early trading before pares gains after saying Japan’s economy minister Akira Amari excessive weakness of the yen may have negative repercussions on the country. And increased the broader Topix index 0.8% to 906.22 points.

Europe shares

European stocks fell for a fourth straight session and recorded its lowest level in two weeks, led by the banking sector and under the weight of weak technical factors in the main index expected to continue in the near term. The FTSEurofirst 300 index fell for the European blue-chip stocks 0.2% to 1157.75 points, just shy of its lowest level in two weeks 1157.13 points scored earlier.

The benchmark Euro Stoxx 50 of leading shares in the euro zone 0.5% to 2700.53 points. Roelof said Jan van den Acker, chief technical analyst at Aye. Said. LG commercial banking activities that the Euro Stoxx 50 index seems a bit weak in the short term. He added: in the very near term, the index may be exposed to some of the pressure to close the gap created by earlier this month.

This will be a natural retreat amid bullish trend. The decline in the European banking sector index 0.7% in the forefront losses. Across Europe, opening FTSE 100 was down 0.1% while France’s CAC 40 fell 0.2% and Germany’s DAX 0.3%.

At the previous meeting European stocks closed at their lowest level in two weeks as early Wracked sale of U.S. stocks on worries about demand for the iPhone 5, which is produced by Apple some investors to take profits from the strong gains in recent times in Europe. And said Jeremy Batston Carr Chairman private clients research at Charles Stanley European equities lost its luster early influenced by U.S. stocks.

America indicators

At the previous meeting closed indicator S & P 500 and the Nasdaq lower after caused concerns about demand for Apple products in its shares fall in time as investors prepared for disappointing results from companies.

The Dow Jones industrial average U.S. blue-chip stocks trading session up 21.88 points, or 0.16%, to 13510.31 points, while the benchmark Standard & Poor’s 500 was up 1.20 points, or 0.08% to 1470.85 points. The Nasdaq Composite Index, which IXIC> was down 8.13 points, or 0.26%, to 3117.50 points.

Dell shares

And Dell shares jumped 13% on the news confirmed it was in talks with companies for direct investment over a possible takeover of the highest level in nearly 8 months. A source familiar with the company is now in talks on a deal with billionaire Michael Dell, founder and CEO of the company, which owns about 14% of its shares.

The newspaper quoted Wall Street Journal reported unnamed sources as saying that T. P. G and Silver Lake may Taathalvan to make an offer to buy and perhaps share with other investors such as pension funds. The newspaper added that the JP. Morgan also involved in the negotiations.

The source said that the structure of the deal may be buying process led by the current administration with the presence of Michael Dell at the head of the company. The Wall Street Journal quoted sources as saying that the talks has been going on for two to three months, although the pace has accelerated late 2012.

The agreement is reached within six weeks. The acquisition of the company, worth $ 19 billion to be one of the largest deals since the global recession. Dell was the founder of the company has said in 2010 he taught converted to a private company. This statement triggered a wave of speculation but most analysts said the buying such a large company would be difficult because of the huge financing requirements.

Platinum narrows gap with gold

Platinum record new highs in three months during Asian trade, extending closer to the price of gold boosted by growing concerns about supplies. The price of platinum rose Spot 0.3% to $ 1657.75 an ounce, its highest level since mid-October and difference between him and the gold to less than 14 dollars, which is the smallest in nine months.

And prompted worries of supply in addition to the improved outlook for the global economy investors to shift to buy precious metals with industrial applications, platinum and palladium. The price of palladium rose to instant transactions 0.3% to $ 703.87 an ounce. The price of platinum has received support from the problems faced by the mining companies.