Arab Today, arab today tokyos nikkei stock index breaks 20000 level
Last Updated : GMT 13:23:05
Arab Today, arab today
Arab Today, arab today

Tokyo's Nikkei stock index breaks 20,000 level

Arab Today, arab today

Arab Today, arab today Tokyo's Nikkei stock index breaks 20,000 level

Tokyo Stock Exchange's benchmark Nikkei index has briefly risen
Tokyo - AFP

The Tokyo Stock Exchange's benchmark Nikkei index on Friday briefly broke through the psychologically important 20,000 level last seen 15 years ago.
The Nikkei 225 index reached 20,006.00 in the first few minutes of trade, rising 0.34 percent from Thursday following gains on Wall Street and a stronger dollar on an encouraging US jobs report.
It was the first time that the Nikkei had hit 20,000 since April 2000.
The index later came off its high, to sit at 19,917.62, a 0.10 percent loss from Thursday.
The early rise was heavily influenced by heavy-weighted Fast Retailing, the operator of fast-fashion brand Uniqlo, whose shares were up 2.62 precent after the group announced strong half-year earnings.
Strategists are upbeat over the outlook of stock prices on expectations of good earnings at Japanese companies, while acknowledging a short-term overshoot.
"When we look back on this moment, the 20,000 figure should just be a stop along the road," said Juichi Wako, a senior strategist at Nomura Holdings.
"It wouldn't be surprising if better-than-expected earnings lift the Nikkei to 21,000 or 22,000 by year's end.
"However, above the 20,000 mark, we might begin to hear voices that stocks are a bit overvalued," he told Bloomberg News.
The dollar held steady early Friday after rising on an encouraging US unemployment claims report.
The greenback was at 120.58 yen on Friday, hardly changed from 120.59 yen in New York late Thursday but up from 120.28 yen in Tokyo earlier Thursday.
The US Labor Department reported Thursday that the number of first-time unemployment claims rose last week, but claims filed in the past four weeks fell to a nearly 15-year low, suggesting a stronger labour market.
The robust data stoked speculation about the Federal Reserve's plan to raise ultra-low interest rates, boosting the dollar in a positive move for Japanese exporters.
The euro bought $1.0661 and 128.56 yen on Friday against $1.0659 and 128.55 yen in US trade.
On Thursday big gains in petroleum stocks lifted the US equity market as investors bet on more large energy mergers following Royal Dutch Shell's huge takeover of BG Group.
The Dow Jones Industrial Average rose 0.31 percent while the broad-based S&P 500 gained 0.45 percent.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today tokyos nikkei stock index breaks 20000 level Arab Today, arab today tokyos nikkei stock index breaks 20000 level

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today tokyos nikkei stock index breaks 20000 level Arab Today, arab today tokyos nikkei stock index breaks 20000 level

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Sheraton Grand Hotel reveals its deals

GMT 12:20 2017 Monday ,25 September

Sheraton Grand Hotel reveals its deals
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Iran blocks all Iraqi Kurdistan flights

GMT 13:07 2017 Monday ,25 September

Iran blocks all Iraqi Kurdistan flights
Arab Today, arab today North Korea 'more opaque'

GMT 10:50 2017 Sunday ,24 September

North Korea 'more opaque'
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Conditions growing dire    

GMT 09:22 2017 Monday ,25 September

Conditions growing dire    
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Psychologists help Mexico deal

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:11 2017 Saturday ,23 September

Doctor provides advices to families

GMT 11:11 2017 Sunday ,24 September

The dark side of new tourism hope

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday