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Shares in Greece have risen after France and Germany announced a plan to provide its troubled economy a financial safety net. Interest rates on Greek government bonds have come down in response to the deal and analysts1 say investor2 confidence in Greece has risen. News of the deal led Wall Street to make an early jump. But the market then retreated after the latest economic data(U or pl) show the US economy has expanded less than expected.
In Britain, the FTSE has closed at its highest weekly level since June 2008 despite losing 0.4 percent during the market day.
And in the region, the Nikkei soars its highest close in 18 months while HongKong's Hang Seng closed up just over 1 percent.
Australian shares staged a late rally on Friday, bringing the market back from earlier losses as investors3 bought on dips in the banking4 sector5.
And the Aussie dollar is down against the majors, buying 90 US cents.
Toyota has announced plans to halt production at its plants in Britain and France for nearly two weeks. The carmaker blames the stoppages on a sales dip that followed its worldwide safety recalls. Toyota's recalled more than eight million vehicles in recent months because of problems with brakes and accelerators.
That's the latest ABC Business News. We'll be back with more news updates through the day.
1 analysts | |
分析家,化验员( analyst的名词复数 ) | |
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2 investor | |
n.投资者,投资人 | |
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3 investors | |
n.投资者,出资者( investor的名词复数 ) | |
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4 banking | |
n.银行业,银行学,金融业 | |
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5 sector | |
n.部门,部分;防御地段,防区;扇形 | |
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