Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    Outskill Genai
    HomeNewsBusinessMarketsNikkei hits 8-mth high as US data brightens outlook

    Nikkei hits 8-mth high as US data brightens outlook

    Japan's Nikkei average rose to its highest level in nearly eight months on Thursday after the dollar jumped against the yen following surprisingly strong data on US private-sector jobs that added to evidence the US economy is on a recovery path.

    January 06, 2011 / 09:16 IST

    Japan's Nikkei average rose to its highest level in nearly eight months on Thursday after the dollar jumped against the yen following surprisingly strong data on US private sector jobs that added to evidence the US economy is on a recovery path.


    The ADP Employer Services report showed US private employers added 297,000 jobs in December, the largest increase on record and exceeding market expectations for a gain of 100,000.


    The benchmark Nikkei was up 1% or 106.48 points at 10,491.91.

    The broader Topix index gained 1% to 920.74.

    first published: Jan 6, 2011 08:48 am

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347