Nikkei hits one-month high

<p>The Nikkei has got July off to a good start.</p>

The Nikkei has continued its hot streak today (July 1st) with another day of gains that left the index at a one-month high.

For the third day in a row – its best run since May – the Nikkei was up and it finished the first day of the month at 13,852.50.

This meant it gained 1.3 per cent over the course of the day, adding to the strong gains recorded at the end of last week, reports Reuters.

The Nikkei rose today as investors were encouraged by the index's ability to remain strong in the wake of some early profit-taking.

It is only around a week or so since the index dropped below the psychologically important 13,000 level, but the Nikkei has responded strongly in the last three days of trading.

Today's gains of 1.3 per cent for the Nikkei are still much smaller than the 3.5 per cent jump in the value of the index recorded on Friday, however.

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.