The Nikkei was up by 0.8 per cent today (August 19th), after a choppy session to get the week off to a solid start.
Having ended last week badly with a run of losses, the 0.8 per cent rise represents a good comeback for the Nikkei at the start of the new week.
According to a report by Reuters, investors found buying opportunities in oil companies on rising oil futures and this helped the index to record a gain today.
However, many traders are waiting to see what the impact of the minutes of the July meeting of the US Federal Reserve will have on global stocks when they are released later this week.
The Nikkei dropped to as low as 13,589.78 earlier in the day, but recovered to record a 0.8 per cent increase at the close, finishing the session at 13,758.13.
On Friday, the Nikkei had dropped by 0.8 per cent to bring a poor week for the index to an end.
Learn about the Asian markets and CFD trading at City Index
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.