19th December 2011
The Japanese premier exchange has responded well to positive data coming out of the US over the North American country's economy, although a small loss has been seen so far today (December 16th).
Afternoon trading has been kind to the Nikkei, with the index dipping just 0.3 per cent to 8,405.73 and hovering around its weekly average, Reuters reports.
Stronger than expected unemployment data from the US jobs market has helped improve investor confidence around the globe, with the Nikkei now near its 25-day average of 8,484.
"If there is no bad news about Europe, the Nikkei could rise as traders cover short positions ahead of the holiday," Yutaka Miura, senior technical analyst at Mizuho Securities, told the news provider.
Earlier this month, the Nikkei rose to a four-week high following an announcement by French president Nicolas Sarkozy and German chancellor Angela Merkel that the largest members of the EU will do all they can to make the region more stable in the coming months.
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