Nikkei Verdant, Supported By A Weaker Yen
Japanese stocks opened from the strongest position on Monday, with a sharp drop in the yen has helped lift the Nikkei Average rose about 0.3% at 8:05 pm at 17705 levels, extend rally on Friday the Nikkei rose by 0.8%.
Dollar this morning to move the range 118.90 per yen, only slightly below the highest level reached on Friday after the release of the data and the employment report is above the level of 117.32. levels seen when the Tokyo Stock Exchange last traded.
Stocks that gained in this session include Sharp Corp. shares rally 1.3%, shares of Fuji Electric Co., which gained 2.2%, Seiko Epson Corp. shares rose 1.8%, shares of Honda Motor Co. which rallied 1.2% and Nissan Motor Co., which rose 1.1%.
While the stocks that scored negative results include Nikon Corp which fell 2.5%, Olympus Corp. shares plunged 4.2% (both fell in the background behind the last earnings report and outlook them, Nikon shares have tumbled since Friday), in addition to the Sony shares also slumped about 1% after the stock rallied strongly after reporting earnings.
Euro Hit By German Industry Data
The euro slipped against the US dollar on Friday, after the release of the German data were disappointing and after German Finance Minister Wolfgang Schauble pledged to help Greece out of its financial problems.
The euro hit $ 1.1446 in Asian trading session, it is the daily lows, the currency is currently consolidating in the area of $ 1.1450, down about 0.15% The.
The pair was likely to find support level at $ 1.1302, which is the lowest level on Thursday and short-term resistance at $ 1.1533, its highest level February 3.
Official data showed German industrial production rose 0.1% in December, the results below estimates for a 0.4% rise. Revised November figure to rise 0.1% from 0.1% decline on the previous results.
Euro finds little support after Schauble said that financial difficulties in Greece is the result of problems in the country, but Germany will help to shore up the country.
Schauble speech during a press conference together with colleagues from the Greek Yanis Varoufakis in Berlin on Thursday.
Gold Collapsing US NFP Data Post
Gold prices fell after the US jobs report stronger than expected, last Friday.
On the Comex in New York, gold futures for April delivery fell 1.2 percent to a level of $ 1, 247, 40 ounces, in the aggregate fell 33 percent below the average of 100 days to the present. US nonfarm payrolls rose to a seasonally adjusted 257,000 for January, from 237,000 the previous month.
In 2014, gold posted an annual decline in a row for the first time since 1998 amid a surge in equity and inflation. Public feeling not believe the US recovery that makes many investors see gold as a way to protect wealth during times of uncertainty. During the period of economic expansion, they often sell gold and buy equities.
