
The Tokyo Stock Exchange climbed today with firmness and ended at its best level of the year, aupada by the euphoria of the energy sector following the decision of OPEC to cut production of crude oil and the weakness of the yen against the dollar.
The Nikkei index, gained 13,84 points, 0.94 percent, and closed at 1.483,27 units
So the Nikkei surpassed the highest closing so far of 2016, registered on 4 January(first day of the year of negotiation of the frequent Park), when the session ended at18.450,98 points.
The optimism was the predominant note of the day after the results of the meetingheld on the eve in Vienna of the Organization of petroleum exporting countries's (OPEC), which decided to cut production to end volatility in energy markets.
This measure "surprised the market, since investors were doubtful about the abilityof OPEC to close an agreement", explained analyst Hiroaki Kuramochi, Fujitomi signature, in statements to the local agency Kyodo.
To this they added positive data on employment in the United States and the continued depreciation of the yen against the dollar, a trend that benefits Japanese exporter muscle since it increases their revenue to repatriate them and makes Japanese companies more competitive abroad.
Green was today put in the lower 114 yen, its highest level in nine months and a half, after purchasing on the eve in the high strip of the 112 yen.
The largest gains of the day went to the oil sector promoted by good prospects which opens the OPEC decision, as they reflect Japan Petroleum Exploration
They also highlight rises exporters of Japanese like Suzuki Motor and Isuzu Motors.
All sectors listed in the first section today recorded profits, led by mining, oil and coal, and with the exceptions of the air transport and fishing.
A total of 1,137 values progressed in the first section, against the 735 that recoiled and the 118 who ended the day unchanged.
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