The Nikkei 225 Stock Average in Japan rose 0.6 percent as Topix index hiked 0.7 percent. The Topix Index is expected to gain 14 percent in the next six months as experts are opining that automakers will take the advantage of a recovering global economy and will continue to make gains for long. The Hang Seng index in Hong Kong climbed 0.7 percent, whereas, Taiwan’s Taiex Index raised 1 percent. The Kospi index in South Korea also rose by 0.6 percent.
European stocks also saw future gains amidst recovering economic conditions. Euro Stoxx 50 Index climbed 0.2 percent in London. However, the Standard & Poor’s 500 Index remained unchanged. The European economy is slowly recovering from the debt crisis as Greece the hardest hit country in the Euro zone has already figured a way out of the situation. Though there are still some uncertainties regarding the measures by other countries it is certain that the European economy has started to get back on track.
The US Economy
The US economy has also been suffering from some major hindrances in recent years. In addition to that there was also a fear of the fiscal cliff that could push US into another recession if authorities had failed to act properly. But as the latest reports reveal, the unemployment rates in US have dropped drastically in the months preceding the US presidential elections. Moreover, the government has also taken some steps recently that have ensured a positive impact on the market. The talks over fiscal cliff are expected to produce positive results and it is this sense of positivity that is keeping binary traders hopeful about the market.
It is hard to say what is going to happen in future. The global economy is in such a crucial state that anything can happen. So, binary traders need to be extra careful about the steps they take because a single wrong decision in the arena of binary trading can lead to a huge monetary loss. However, experts are opining that the economic crisis is showing some signs of recovery and the days of uncertainty will soon be over. Uncertainties have plagued the market for quite some time now and at one point of time uncertainty even became the driving force of the market.Incoming search terms:
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