Nikkei reaches six-year closing high

<p>The Nikkei has closed at its highest level in six years.</p>

The Nikkei ended today (December 3rd) at a new six-year closing high for the index.

After getting the new week off to a slow start by slipping 0.04 per cent in yesterday's session, the Nikkei recorded a 0.6 per cent gain to end the day at 15,749.66, reports Reuters.

That was its highest closing mark since December 2007 and represented the latest milestone reached by the index, which is up by around 50 per cent for the year.

Last month was also the Nikkei's strongest November performance since 2005, indicating the strong progress being made by the market at the present time.

There was also an increase in the value of the broader Topix index, which was up by 0.3 per cent to close the session at 1,262.54.

It was a busy day on the Topix as 2.69 billion shares changed hands over the course of the session.

Global markets are currently awaiting the release of the latest employment data from the US, which is due to be released on Friday.

Learn about the Asian markets and CFD trading at City Index

Join our live webinars for the latest analysis and trading ideas. Register now

GAIN Capital UK Limited (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.