Japanese shares advanced to day with the Topix extending weekly gains as the yen weakened in the previous session after the US jobs report surpassed analysts’ estimates.
The Topix Index advanced by 0.5% to 1,285.07 in Tokyo. 27 out of the 33 stocks of the index climbed. The gauge is set for a 2.6% increase for the week. The Nikkei 225 Stock Average is up by 0.6% to 15,440.60. Japanese yen exchanged at the rate of 102.13 yen per dollar following a 0.4% decline in the previous session.
Abroad revenue dependent, Honda Motor Co. climbed by 1% while Japanese giant in retail by market value, Seven & I Holdings Co. gained 2% after sustaining predictions on its first-quarter profit gain. Panasonic Corp. added 1.5% following the announcement to negotiate with Tesla Motors Inc. Food retailer Izumi Co. is down 2.8% following a quarterly profit decline.
Equity market strategist at Nomura Holdings Inc. Masaaki Yamaguchi commented that the employment data came as a surprise. Yamaguchi adds that the weakening yen that is now past 102 per dollar, is actually helping the Japanese stocks.
The Labor departments’ US non-farm payrolls report showed that some 288,000 jobs were filled in the month of June, a bright prospect from May’s 244,000 worker gain. In Europe, the European Central Bank head, Mario Draghi announced that the borrowing cost will maintain its current status for an extended time. The stimulus that the ECB gave last month still linger on the stocks today.
The material has been provided by InstaForex Company – www.instaforex.com
Japanese shares advanced to day with the Topix extending weekly gains as the yen weakened in the previous session after the US jobs report surpassed analysts’ estimates.
The Topix Index advanced by 0.5% to 1,285.07 in Tokyo. 27 out of the 33 stocks of the index climbed. The gauge is set for a 2.6% increase for the week. The Nikkei 225 Stock Average is up by 0.6% to 15,440.60. Japanese yen exchanged at the rate of 102.13 yen per dollar following a 0.4% decline in the previous session.
Abroad revenue dependent, Honda Motor Co. climbed by 1% while Japanese giant in retail by market value, Seven & I Holdings Co. gained 2% after sustaining predictions on its first-quarter profit gain. Panasonic Corp. added 1.5% following the announcement to negotiate with Tesla Motors Inc. Food retailer Izumi Co. is down 2.8% following a quarterly profit decline.
Equity market strategist at Nomura Holdings Inc. Masaaki Yamaguchi commented that the employment data came as a surprise. Yamaguchi adds that the weakening yen that is now past 102 per dollar, is actually helping the Japanese stocks.
The Labor departments’ US non-farm payrolls report showed that some 288,000 jobs were filled in the month of June, a bright prospect from May’s 244,000 worker gain. In Europe, the European Central Bank head, Mario Draghi announced that the borrowing cost will maintain its current status for an extended time. The stimulus that the ECB gave last month still linger on the stocks today.
The material has been provided by InstaForex Company – www.instaforex.com
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