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Nikkei may open steady, investors await U.S. jobs data for Fed clues
2013年7月5日 / 凌晨12点05分 / 4 年前

Nikkei may open steady, investors await U.S. jobs data for Fed clues

TOKYO, July 5 (Reuters) - Japan's Nikkei share average is
likely to open steady on Friday, supported by strong commitments
to dovish policies by the European Central Bank and the Bank of
England, while trepidation ahead of a crucial U.S. jobs report
could sideline investors.
    Strategists said the Nikkei is likely to trade
between 13,900 and 14,200, and don't expect to see big moves
with the U.S. holiday on Thursday depriving markets of an early
lead from Wall Street.
    The Nikkei slipped 0.3 percent to 14,018.93 on Thursday,
while the broader Topix index shed 0.3 percent to
1,170.71.
     "Investors are waiting for U.S. jobs data today. Although a
sense of 'wait-and-see' is going to prevail, I think stocks will
have solid downside support and may gain," said Masayuki
Doshida, senior market analyst at Rakuten Securities. 
    "The continued weak yen trend should also offer support to
the equity market."
    The Japanese currency was last traded at 100.25 yen
to the dollar.
    The ECB and the BoE on Thursday committed to supporting
their economies in the face of a withdrawal by the U.S. Federal
Reserve from its money-printing programme. 
 
    The U.S. jobs data will be closely watched for signals on
the health of the world's largest economy and implications for
the Fed's future course of policy stimulus.
    The Fed stimulus concerns and slowing growth in China were
key drivers behind the Nikkei's recent sharp selloff that at one
point saw it slump into bear market territory. However, the
market is still up 13 percent since the Bank of Japan announced
radical monetary stimulus on April 4 and has risen 35 percent
this year.
                                  
> European stocks rally on ECB, BoE stimulus pledges 
> Euro falls to 5-wk low vs dlr after Draghi's guidance 
> U.S. prices slip while nervously awaiting jobs data    
> Gold dips as ECB weighs on euro; eyes on U.S. data    
> Oil dips towards $105 as supply concerns ease          

    STOCKS TO WATCH
    --SEVEN AND I HOLDINGS CO LTD 
    Seven and I Holdings, owner of the 7-Eleven convenience
store chain, posted a 9.5 percent rise in first-quarter profit,
which was its highest on record for the traditionally dull
March-May period. 
    --FAMILYMART CO LTD 
    FamilyMart, the third-largest convenience store operator, on
Thursday left its operating profit forecast for the year to next
February unchanged at 45.1 billion yen, while profit for its
first quarter fell 6.9 percent. 
    --PANASONIC CORP 
    Japan's Panasonic plans to shut down its sole European solar
cell plant next March and dismiss about 500 workers at the
factory, the Nikkei business daily reported.

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