Tokyo stocks open higher with eyes on key global events

Tokyo, Dec 9 (AFP/APP): Tokyo stocks opened higher on Monday extending rallies on Wall Street after strong jobs data, as investors closely watched key events this week including central bank meetings and the UK elections. The benchmark Nikkei 225 index climbed 0.34 percent or 79.11 points to 23,433.51 in early trade, while the broader Topix index was up 0.36 percent or 6.11 points at 1,719.47. Investors are eyeing the two-day US Federal Reserve meeting through Wednesday and the British general election on Thursday, Okasan Online Securities said in a commentary. Traders also remain on edge ahead of December 15 — the day on which the US is due to impose tariffs on more goods from China. “For the time being, the Nikkei 225 will likely move in a volatile fashion as key events come one after another,” it said. A partial trade pact with China remains close at hand, a top White House economic aide said Friday, days before another round of US tariffs is due to take effect. “The deal is still close,” National Economic Council Director Larry Kudlow told CNBC. “It is probably even a wee bit closer than when I first made that statement in November.” Kudlow … Continue reading Tokyo stocks open higher with eyes on key global events