Fourth consecutive increase for the Tokyo Stock Exchange. Supported by the good performance of Wall Street and the consumption figures in the U.S., the Nikkei climbed 1.16% to 8953.90 points.
Yet statistics on the Japanese economy published on Tuesday are not very encouraging: household consumption fell and unemployment rose slightly in July. Thus, families spent an average 2.1% lower in July than the same month last year. Moreover, unemployment rose to 4.7% against 4.6% in June
Japan's new prime minister officially elected
Note also that the former finance minister of Japan, Yoshihiko Noda, a supporter of fiscal restraint, was officially elected by parliament as prime minister of Japan.
Optimism is also required on other Asian stock markets: China, the Hong Kong Hang Seng up 2 cash advance.22% at 20,306 points, the CSI 300 is 1.13% to 2885.05 points. Elsewhere in Asia, Taiwan TAIEX gained 1.01% to 7654.18 points, the Kospi Index advance 0.76% to 1843.34 points, the S & P / ASX 200 rose 0.26% to 4274.50 points and 30 The BSE Sensex was up 1.17% to 16,607.70 points.The Singapore Exchange is itself closed for holiday.
Oil continues to rise
Oil prices were up Tuesday morning during electronic trading in Asia, supported by renewed optimism on the economy of the United States, the world's largest consumer of oil. In morning trading, a barrel of "light sweet crude" for delivery in October took 22 cents to 87.49 dollars per barrel of Brent North Sea crude for October delivery gained 29 cents to 112.17 dollars.