Nikkei set to rise after U.S. bank fears ease

[FreakinDJ]

Source: Reuters

Nikkei set to rise after U.S. bank fears ease

TOKYO, March 16 (Reuters) - Japan's Nikkei stock average is
set to rise on Monday after fears about the health of U.S. banks
eased further, helping Wall St to its best week since November,
with banks such as Mizuho Financial Group (8411.T) seen strong.

The Bank of Japan is considering purchasing subordinated debt issued by banks, another move to shore up the financial system by supporting banks' capital ratios, the Nikkei business daily
reported on Monday.

The S&P marked its third best week since World War II, helped
by comments from Citigroup's (C.N) Chairman Richard Parsons to
Reuters late on Thursday that the bank did not need any more
government aid, sending its stock up more than 6 percent
.

"Technical factors show the Nikkei is still on a bit of a
rising trend, and fears about the U.S. financial system have
eased a bit," said Hiroichi Nishi, general manager at the equity
division of Nikko Cordial Securities.

Read more: http://www.reuters.com/article/marketsNews/idCAT7020120090315?rpc=44

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Stupid FreepTards are out having a TeaParty while the Economy is rebounding - FINALLY after that Stupid Bushit is out of office and we put another Wall St. Crook in jail

[liberal N proud]

1. What happens on the Nikkei will provide insight to Wall Street

If the Nikkei is happy the rally could continue on Monday on Wall Street