Asian markets rally on Wall Street's Recovery

Stock markets across the Asia-Pacific region rallied Friday ahead of a two-day Group of Seven industrialized nations' meeting on optimism that a U.S. plan, which is reportedly being contemplated, to aid homeowners by subsidizing mortgage payments would provide a concrete form of financial policy to tackle the global slowdown.

After losing about 14 percent this week, crude oil price rose above $34 a barrel in Asian trading, helped by a modest gain on Wall Street Thursday and on hopes that a new mortgage plan for homeowners could pull the world's largest economy out of the recession.

Overnight, stocks on Wall Street closed mixed amid a better-than-expected report on U.S. retail sales, reports about a government's plan to subsidize mortgages and bad economic news from Europe, where industrial output saw its worst contraction in 15 years. While the Dow closed down 6.77 points or 0.1 percent at 7,932.76, the Nasdaq closed up 11.21 points or 0.7 percent at 1,541.71 and the S&P 500 closed up 1.45 points or 0.2 percent at 835.19.

The Japanese market snapped a three-day losing streak, helped by short covering and gains in exporter stocks such as Canon and Honda Motor following the weakening of the yen relative to the U.S. dollar.

The Nikkei 225 index closed at 7,779, up 74 points or 0.96%, while the broader Topix index of all First Section issues on the Tokyo Stock Exchange rose 4 points or 0.57% to 765. Rubber products, pulp and paper, and mining stocks led the bounce back, while insurance, sea transport and consumer finance stock ended in the red. On the First Section, 1031 stocks advanced compared to 545 decliners, while 130 stocks closed unchanged.


[SigmaForex Introducing Broker]

Expand your business and revenue potential while offering your referred clients the highest available level of service and support.
Sigma’s Introducing Broker Program allows individuals to receive remuneration for directing new clients to Sigma.

Refer new self-directed or managed account clients to Sigma and make easier the account opening and funding process. In return, Sigma provides all of the essential tools and resources you need to launch and manage a successful IB operation.
We are committed to delivering the highest levels of service and a quality product offering to help you grow your business.
Sigma provides an array of services and as an Introducing Broker, you and your clients will benefit from:

Sophisticated trading platform

Our trading platform feature quality execution capabilities as well as advanced and easy-to-use order entry and position management tools, all in a secure environment. A full suite of decision support tools, from charting to research, news and more, are also available to clients free of charge.
Furthermore, our software, service, and execution is second to none.
Account for all levels of experience

Your clients will be able to organize their trading account according to their needs and their experience level and risk appetite. Sigma is best suited and ideal for experienced traders and individual investors.
Unique Product, is the only firm to offer competitive spreads and zero commissions and zero swaps
Dedicated back-office support

Sigma supplies complete back office services.
Sigma’s Partner Services team is dedicated to providing Outstanding Compensation and full account management support to our IB clients. As part of our service, Sigma provides all IB partners online access to our proprietary reporting tool, allowing you to closely monitor referred account volume and revenue. Our customer support is 24 hours, customers may fund around the clock.

For more details contcat IB@SigmaForex.com