Tokyo stocks open flat ahead of key US data | Malay Mail

The benchmark Nikkei 225 index inched up 0.77 points to 22,418.92 in early trade, while the broader Topix index was up 1.33 points, or 0.09 per cent, at 1,551.21. — Reuters pic

The benchmark Nikkei 225 index inched up 0.77 points to 22,418.92 in early trade, while the broader Topix index was up 1.33 points, or 0.09 per cent, at 1,551.21. Wall Street stocks pushed higher on hopes of fresh stimulus from Washington, with the tech-rich Nasdaq leading the major US indices, finishing at its fourth straight all-time record to close above 11,000 points for the first time.In Tokyo, Nintendo was up 4.08 per cent at ¥51,200 after it said it made a bumper US$1 billion net profit in the first quarter, with gamers stuck at home during the coronavirus pandemic driving extraordinary demand for the industry.

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US job market recovery appears to be slowing, services sector powering ahead | Malay MailWASHINGTON, Aug 6 — US private employers hired far fewer workers than expected in July as companies exhausted loans to help with wages and new Covid-19 infections flared up across the country, supporting the view that the nascent economic recovery was faltering. While other data yesterday showed...
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