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  • lestercainne

    Chase Franklin International Tokyo News ,Tokyo stocks have gained 1.30 per cent


    Tokyo stocks have gained 1.30 per cent as strong US jobs data boosted investor sentiment, with dealers also looking to Japanese corporate earnings.

    The benchmark Nikkei 225 index on Monday rose 183.04 points to 14,269.84, while the Topix index of all first-section shares edged up 0.78 per cent, or 9.23 points, to 1,185.65.

    Tokyo's rise came after a Friday rally on Wall Street where the Dow Jones Industrial Average ended at a fresh record of 15,761.78, up 1.08 per cent, fuelled by the stronger-than-expected jobs data.

    The world's biggest economy added 204,000 jobs in October, double what analysts forecast and raising the likelihood that the US Federal Reserve may start reeling in its bond-buying plan before the end of the year.

    The central bank has said it would start pulling back on the scheme - credited with propping up global equity markets - once the economy shows firms signs of recovery.
    "Equity sentiment remains generally strong globally - enough so to resist the fear of Fed tapering for now," said SMBC Nikko Securities general manager of equities Hiroichi Nishi.

    "Hopes for more robust economic growth in the world's largest economy should support confidence in a broad sense, while the weaker-yen factor in particular should buoy Japan shares for today," he told Dow Jones Newswires.

    On currency markets, the greenback bought Y99.01 in Tokyo afternoon trade, slightly weaker than Y99.04 on Friday in New York, but well up from the Y98 level before the fresh jobs figures.
    Sumitomo Mitsui Financial Group rose 2.03 per cent to close at Y4,770, with its results due on Tuesday, while Mizuho Financial Group rose 0.97 per cent to Y207.

    Toyota was up 0.80 per cent at Y6, 250 while Canon rose 0.48 per cent to Y3,100 yen.
  • lestercainne

    Chase Franklin International Tokyo: Rubber Advances in Tokyo Amid Optimism for Chinese Demand

    Rubber increased amid optimism that improvement in the Chinese economy may boost demand from the world’s largest consumer.

    Speculation grew that China may take additional steps to sustain growth in the world’s second-biggest economy as the Communist Party will hold a summit meeting in November, said Kazuhiko Saito, an analyst at broker Fujitomi Co. in Tokyo. China’s manufacturing strengthened more than forecast this month, data from HSBC Holdings Plc and Markit Economics showed Oct. 24.

    “Futures were supported by optimism about Chinese demand,” he said by phone today.

    China’s rubber industry urged the National Development and Reform Commission to scrap a 20 percent tax on natural rubber imports, the National Business Daily reported yesterday, citing unidentified people from tire companies as saying.

    Crude rubber stockpiles held at Japanese warehouses fell 2.7 percent to 4,386 tons on Oct. 10, according to data today from the Rubber Trade Association of Japan.

    Rubber for January delivery on the Shanghai Futures Exchange rose 0.2 percent to 19,405 yuan ($3,189) a ton. Thai rubber free-on-board declined 1.3 percent to 78.15 baht ($2.51) a kilogram yesterday, according to the Rubber Research Institute of Thailand.

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  • lestercainne

    JP Chase Franklin International Branch


    JPMorgan Chase & Co. is one of the world’s oldest, largest and best-known financial
    institutions. Since our founding in New York in 1799, we have succeeded and
    grown by listening to our customers and meeting their needs.

    As a global financial services firm with operations in more than 50 countries,
    JPMorgan Chase & Co. combines two of the world’s premier financial brands:

    J.P.Morgan and Chase. The firm is a leader in investment banking; financial
    services for consumers, small business and commercial banking; financial
    transaction processing; asset management; and private equity. A component of
    the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers
    in the United States and many of the world’s most prominent corporate,
    institutional and government clients.

    JPMorgan Chase & Co. is built on the foundation of more than 1,000 predecessor
    institutions that have come together over the years to form today’s company. Our
    many well-known heritage banks include J.P.Morgan & Co., The Chase Manhattan
    Bank, Bank One, Manufacturers Hanover Trust Co., Chemical Bank, The First
    National Bank of Chicago and National Bank of Detroit, each closely tied in its time
    to innovations in finance and the growth of the United States and global economies.

    The pages that follow provide highlights of the JPMorgan Chase & Co. story – our
    history, our predecessor institutions, our people, our services and our philosophy

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