Global stock markets remained positive after reports that the global economy can negotiate European crisis. There was also news of increase in Chinese exports apart from positive news that jobless claims decreased in the US.
The markets were not even impacted by the new Japanese Prime Minister's claims that Japan could face a crisis similar to Greece.
The prices of oil also declined after it appeared that oil demand from US could be higher than anticipated. The US dollar also increased against the Japanese Yen but there was not much change in its price against the Euro.
The sentiments were mainly boosted by reports that Chinese exports increased by nearly 50% in the month of May. This also helped relax investors who were worried by the crisis in the European Union.
There was also good news from the US as jobless claims declined sharply and were at 456,000 last week. This is the maximum decline which has been achieved in the last one year.
Experts stressed that Chinese export growth has made a strong impact on investors and they feel that the global economy is back on growth track.
The stock markets in Britain and France were also high. The US markets were also slightly higher.
Japanese Nikkei was up by 1.7% despite concerns which were raised by the new Prime Minister.
Experts feel that it will be difficult for Japan to face a Greece like situation as most of the Japanese debt is held domestically.
