Chief Stock Market Correspondent, EMEA
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May 21, 2013

Nikkei slips from 5-1/2-year high as yen weakness put on hold

TOKYO (Reuters) – Japan’s Nikkei average eased from a 5-1/2-year high on Tuesday after Wall Street gave up earlier gains to end flat and the dollar slipped against the yen on caution before U.S. Federal Reserve Chairman Ben Bernanke fronts a Congressional hearing.

The Nikkei .N225 slipped 0.2 percent to 15,337.42. The benchmark has rallied 47.5 percent this year, and it has risen 8 percent since May 9, when the dollar broke above the 100-yen mark.

May 7, 2013

Nikkei rallies above 14,000 for first time since June 2008

TOKYO (Reuters) – Japan’s Nikkei average soared 2.8 percent on Tuesday morning to break above 14,000 for the first time since June 2008 as the market played catch-up from an extended holiday, with last week’s strong U.S. jobs data easing concerns over the health of Japan’s biggest export market.

The Nikkei .N225 was up 378.71 points at 14,072.75 after closing for public holidays on Friday and Monday. Tuesday’s rally took the benchmark above 13,988, the 61.8 percent retracement of its slide from February 2007 to October 2008.

May 3, 2013

Advisory: Nikkei suffers longest losing streak since November

TOKYO, May 2 (Reuters) – Japan’s Nikkei average fell for a fourth straight session on Thursday, its worst losing streak since November, just before Prime Minister Shinzo Abe began promising to revive growth, dubbed as “Abenomics” that has spurred a massive stock rally.

The Nikkei lost 0.8 percent to end at 13,694.04 points, a one-week low, after weak U.S. data heightened worries about the recovery in the world’s largest economy.

May 2, 2013

Nikkei suffers longest losing streak since November

TOKYO (Reuters) – Japan’s Nikkei average fell for a fourth straight session on Thursday, its worst losing streak since November, just before Prime Minister Shinzo Abe began promising to revive growth, dubbed as “Abenomics” that has spurred a massive stock rally.

The Nikkei .N225 lost 0.8 percent to end at 13,694.04 points, a one-week low, after weak U.S. data heightened worries about the recovery in the world’s largest economy.

May 1, 2013

Nikkei slips for third straight day; Sharp, Tokyo Electron sag

TOKYO (Reuters) – Japan’s Nikkei average fell on Wednesday after posting its best April performance in 20 years, with Sharp Corp (6753.T: Quote, Profile, Research) and semiconductor equipment maker Tokyo Electron Ltd (8035.T: Quote, Profile, Research) tumbling on disappointing earnings news.

Gains in Fujifilm Holdings Corp (4901.T: Quote, Profile, Research) and Kao Corp (4452.T: Quote, Profile, Research) after their quarterly earnings helped cap losses.

Apr 30, 2013

Nikkei slips, still set for best April in 20 years

TOKYO (Reuters) – The Nikkei average eased on Tuesday following weak earnings guidance from Fanuc Corp and Honda Motor (7267.T: Quote, Profile, Research), although it remains on track for its best April performance in 20 years on the back of sweeping stimulus measures unveiled this month.

The Nikkei slipped 0.4 percent to 13,833.28. The benchmark has risen 11.5 percent this month and is heading for its best April performance since 1993, largely driven by the Bank of Japan’s plans to inject $1.4 trillion into the world’s third-largest economy in less than two years to revive growth.

Apr 26, 2013

Nikkei slips from near five-year highs, Advantest sinks

TOKYO (Reuters) – Japan’s Nikkei share average retreated from a near five-year high, ahead of the outcome of the Bank of Japan meeting, hurt by disappointing earnings from companies like Advantest Corp (6857.T: Quote, Profile, Research, Stock Buzz) and M3 Inc (2413.T: Quote, Profile, Research, Stock Buzz).

The Nikkei .N225 slipped 0.1 percent to 13,914.68 after trading as high as 13,983.87 earlier in the session, hitting its highest level since June 2008 and within sight of the 14,000-mark.

Apr 24, 2013

Nikkei hits nearly 5-year highs on soft yen, robust U.S. earnings

TOKYO (Reuters) – Japan’s Nikkei share average climbed to its highest level in nearly five years on Wednesday on robust U.S. company earnings and as the yen resumed its downward slide towards 100 to the dollar.

The benchmark Nikkei has surged 58 percent and the yen has weakened 24 percent versus the dollar since mid-November, when Shinzo Abe, who became prime minister in December, promised bold monetary and fiscal expansionary policies during his election campaign.

Apr 23, 2013

Nikkei slips after weak China PMI data, pause in yen weakness

TOKYO (Reuters) – Japan’s Nikkei share average slipped on Tuesday as weak China manufacturing data heightened concerns over global growth, while investors cashed in some of the recent gains after the yen’s slide towards 100 to the dollar stalled.

The underlying mood, however, remained positive after Bank of Japan shocked the financial markets on April 4 by promising to inject $1.4 trillion into the world’s third-largest economy to revive growth, helping to limit losses on the Nikkei.

Apr 22, 2013

Nikkei hits highest close in nearly five years

TOKYO (Reuters) – The Nikkei average climbed 1.9 percent to its highest close in almost five years on Monday, as the yen weakened after the Group of 20 leading economies stopped short of criticising Japan’s expansionary monetary policies.

Major exporters charged higher as the dollar firmed against the yen to within a whisker of 100 after the G20 simply said in a communique after a two-day meeting it would be “mindful” of possible side effects from extended periods of monetary stimulus.

    • About Dominic

      "I am head of the European stock markets team based in London. Before that, I was with Reuters Hong Kong for more than 10 years, covering politics, banking, macro-economy and Asian G-3 currency bonds and credit."
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