The Nikkei 225 Average closed higher for the second day Tuesday, fuelled by a comment made by a top executive at the Dubai International Capital on their interest in acquiring Japanese shares. The Nikkei's Kenji Kawase has the details.
The Dubai debt delay has given bond holders a shock because they thought buying Dubai’s corporate bonds would be low risk, Mark Tinker from Axa Framlington told CNBC Tuesday. They assumed the bonds would be backed by the government, but they aren't, Tinker added.
The dollar index is trying to find a bottom at current levels and will likely find strength in the next month or two, Roelof van den Akker from ING Wholesale Banking told CNBC Tuesday. The index could rise toward 78.50 points, Akker said.