Japan stocks rebound after upbeat U.S. NFP report suggests Fed’s ready for rate hike

Kelvin Ching Updated onDecember 7, 2015

japan stocks rebound after upbeat u s nfp report suggests feds ready for rate hike 116571

Dec 7 Japanese stocks rebounded on Monday after upbeat U.S. jobs data suggested the world’s biggest economy is in a strong position to sustain an expected Federal Reserve rate hike this month, boosting sentiment in the broader market.

The Nikkei share average gained 1 percent to end the day at 19,698.15, recovering just under half of the 2.2 percent the benchmark index shed on Friday.

The broader Topix added 0.7 percent to close at 1,585.21 with all but five of its 33 subsectors in positive territory.

Kelvin Ching

I'm a professional Forex trader and I have been trading for over 7 years. I was a series 3 broker and a registered CTA with the NFA, the main regulatory agency in the United States, and I have been involved at the highest levels in commodity trading. I also have a background in Information Technology, graphics design, and programming... I'm the co-founder of CurrencyNewsTrading.com, a site dedicated to fundamental analysis and news trading.