Economy
In reply to the discussion: STOCK MARKET WATCH - Friday, 6 January 2012 [View all]Ghost Dog
(16,881 posts)TOKYO, Jan 6 (Reuters) - Japan's Nikkei average lost 1 percent on Friday as the euro zone debt crisis weighed on sentiment, countering higher expectations for an improving U.S. labour market after recent data signalling a more resilient U.S. economy.
Shoji Hirakawa, chief strategist at UBS, said the impact of the euro's weakness on Japanese exporters' earnings was relatively small as the region accounts for only 5-10 percent of their total sales and profits, but it hurt market sentiment...
... Investors will be eyeing U.S. nonfarm payrolls data, due out at 1330 GMT, for further clarity on the state of the U.S. economy. Economists in a Reuters survey forecast 150,000 jobs were created last month, up from 120,000 new jobs in November.
Data on Thursday showed U.S. private employers added 325,000 jobs in December, more than double the figure economists had expected.
/... http://uk.reuters.com/article/2012/01/06/markets-japan-stocks-idUKL3E8C60RL20120106