Nikkei buoyed by risk appetite after FBI clears Clinton - News Summed Up

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Nikkei buoyed by risk appetite after FBI clears Clinton


TOKYO (Nov 7): Japan's Nikkei share average rose on Monday, buoyed by a recovery in global risk appetite after news that U.S. Democratic presidential candidate Hillary Clinton will not face charges for the latest probe into her use of a private email server. "We had U.S. employment data on Friday, which is usually a major focus, but this time, the reaction was muted," she said. But it was Monday's Clinton news that sent the U.S. dollar up more than 1 percent against the perceived safe-haven yen . Monday's move puts the Nikkei on track for an upside target of 17,300 said Yutaka Miura, senior technical analyst at Mizuho Securities. The broader Topix was up 1.1 percent at 1,361.68, while the JPX-Nikkei Index 400 also added 1.1 percent to 12,201.90.


Source: The Edge Markets November 07, 2016 03:39 UTC



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