Japan stock market rallies but others lost momentum

Equity markets rebounded strongly yesterday after suffering from massive sell downs for the past few weeks. However, most markets lost its bullish rebound yesterday except for Japan, which continues to climb another 7.7% higher today, with strenghtening Japanese Yen.

The momentum is still strong in Europe. UK's FTSE and France's CAC40 Index climbed 5.4% and 6.7% respectively at current time. Investors are a little bullish as they are expecting US central bank to further cut key interest rates. Some analysts, however, warned investors that the economic crisis were far deeper and expect markets to continue to be volatile even if there is a cut in key interest rates. Many expects the cut to be half a point, pushing the federal funds rate down to 1 percent. Read more from Yahoo Finance here.

Below are the performances of equity markets, as at 7:50 p.m. (+8:00 GMT):


World Indices Quotes snapshot from NextVIEW Advisor

N.I.N.E.