Nikkei breaks 15,000 barrier

<p>The Nikkei is above 15,000 for the first time since 2008.</p>

The Nikkei's strength in recent weeks has continued today (May 15th) and the index has broken through the 15,000 mark for the first time in over five years.

It was January 2008 the last time the index was recorded so high and the Nikkei has been growing at a strong rate since the turn of the year.

This morning's session saw the Nikkei index rise two per cent to 15,096, with carmaker Toyota and consumer electronics giant Sony among the companies to be fueling its growth.

The Nikkei has now grown by 46 per cent since the start of 2013, with the weakening yen believed to have persuaded investors to put their money into stocks and shares.

Earlier in the month, the yen broke through the 100 barrier compared to the US dollar and some analysts have suggested the currency could be set to get even weaker in the coming months.

The dollar has eased by 0.1 per cent to 102.22 yen, but the US currency remains dominant.

Learn about the Asian markets and CFD trading at City Index

Build your confidence risk free
Join our live webinars for the latest analysis and trading ideas. Register now

StoneX Financial Ltd (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.

No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

For further details see our full non-independent research disclaimer and quarterly summary.