Nikkei hits one-month low

<p>The Nikkei is at its lowest point for a month.</p>

The Nikkei has dropped to a one-month low today (November 8th) after sustaining heavy losses over the course of the session.

It fell by one per cent to end the week at 14,086.80, but this was a recovery of sorts as it had gone to as low as 14,026.17 earlier in the day.

This means the Nikkei lost 0.8 per cent over the course of the week, as investors grew cautious ahead of the release of the latest jobs data from the US, Reuters reports.

The Topix fell by 0.7 per cent to 1,176.42 in trading today, making it a bad day all round.

It had been a good start to the week for the Nikkei, but the one per cent loss today follows on from the 0.8 per cent dip for the index recorded yesterday.

Investors will now be keenly awaiting the release of the US jobs data later today.

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.