Nikkei up to five-and-a-half year high

<p>A new five-and-a-half year high has been reached by the Nikkei.</p>

The Nikkei has continued to go from strength to strength in this morning's (May 10th) trading and the index has reached a new five-and-a-half year high.

In the early hours of trading today, the Nikkei stock average .N225 rose by three per cent to its highest point since January 2008.

London's FTSE 100, Paris's CAC-40 and Frankfurt's DAX are all predicted to open up as much as 0.2 per cent this morning, reports Reuters.

Carl Larry, president of the Houston-based Oil Outlook and Opinions, stated that the US economy has turned a corner and this is supporting markets all over the world

He said: "What you need to understand about what is going on in the US is that we're growing, this recovery is real."

The Nikkei rose by 0.7 per cent yesterday morning on the back of strong gains from technology company Sharp Corp, which is one of the biggest companies on the index.

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