own efforts to resolve their debts.
Markets in Europe were up by mid-morning with the FTSE rising 0.11% and the DAX up 0.07%. There was strong demand for medium-term French bonds at an auction today, raising nearly 8 billion euros ($10 billion). An auction of Spanish bonds likewise raised 6.6 billion euros.
Japan’s Nikkei closed up 1.04%. Camera and medical equipment manufacturer Olympus will remain listed on the Tokyo Stock Exchange but with a “security on alert” tag. Additionally, the company will be slapped with a 10 million-yen fine for violations related to its fraudulent bookkeeping. Shares of Olympus fell 0.50%.
In Indonesia, Moody’s yesterday joined Fitch in upgrading the country to investment grade status, which is expected to attract significant foreign investment. The Jakarta Composite (NYSEARCA:IDX) was up 0.58%. In Singapore, shares (NYSEARCA:EWS) climbed 0.57%. Meanwhile, Chinese shares (NYSEARCA:YAO) appreciated 1.31%.
In Australia, stocks (NYSEARCA:EWA) dipped 0.05%. In December, Australia lost 29,300 jobs, with the employment growth falling flat during 2011. The news may encourage the central bank to cut interest rates further. Shares of global miners BHP Billiton and Rio Tinto were up 0.92% and 0.23%, respectively.
Seoul’s KOSPI (NYSEARCA:EWY) was up 1.19%. Shares of Samsung jumped a whopping 4.08%.
The Chinese yuan rose 0.08% against the dollar to 6.3162, while the Japanese yen dipped 0.12% to 76.70 against the greenback.
In Europe, the British pound appreciated 0.08% to $1.5446. The euro rose 0.28% to $1.2893.
Emerging Money provides insightful and timely information about the increasingly important world of Emerging Market investments. CNBC Emerging Markets Contributor Tim Seymour leads the team of Emerging Money to bring you cutting edge global news and analysis.