Slow start to the week and Turkey going Nuclear?

Monday, 11 April 2011 07:42

Overnight we have seen the Euro ease off its highs against the dollar, will be interesting to see if it continues its charge in the coming week. Currently trading at 1.4460 could try to test the 1.48 level in the coming weeks. The other pairs are quiet in early trading.
Asian equity markets are flat or trading slightly lower in the earily sessions.

The weekend Nikkei reports that despite the nuclear crisis in Japan, Turkey intends to push ahead with negotiations over the construction of a nuclear power plant using Japanese technology, according to Turkish Energy and Natural Resources Minister Taner Yildiz.

While talks between Turkey, the Japanese government and firms, including Toshiba and Tokyo Electric Power have effectively been put on hold as the Japanese side deals with the problems at the Fukushima Daiichi nuclear plant, Yildiz said Turkey's determination for building nuclear power plants has not changed.

The matter of when the negotiations will resume is 'completely up to the Japanese side,' he said, indicating that Turkey is willing to wait until the situation in Japan settles down. Yildiz rejected the suggestion that countries such as South Korea and France will step in, due to the current issues in Japan.