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Nikkei Drops Back Ahead Of US Jobs Data

ByFX Solutions
AuthorJames Chen
Published 11/07/2013, 06:14 AM
Updated 01/01/2017, 02:20 AM

Today's (November 7th) trading session saw the Nikkei index slip back after two days of growth.

Investors were cautious ahead of the release of the latest jobs data from the US, which usually has an impact on global markets.

According to a report by Reuters, the Nikkei fell by 0.8 per cent to 14,228.44 points after a choppy session of trading. The broader Topix index was down by 0.6 per cent today.

Jobs data is set to be released tomorrow and will be an indication over whether or not the US is ready to amend its quantitative easing programme.

The Federal Reserve has stuck to its current monetary policy for longer than some analysts had expected, but investors are worried markets could be hit when the tapering process begins.

Today's 0.8 per cent loss for the Nikkei cancels out the 0.8 per cent gain that was recorded by the index during yesterday's trading session.

Learn about the Asian markets and CFD trading at City Index

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