Nikkei closes up marginally - ZENMoney

Nikkei closed on a marginally positive note for the week on the back of improved economic sentiment in China and Germany along with strengthening dollar against the yen after the minutes of the Federal Reserve's July meeting indicated support for tapering.

The British BenchMark fell marginally for the week with investors anxious over the prospect of a forthcoming scaling back of US monetary stimulus and as clutch of companies began trading without entitlement to their latest dividend payout. A fall in mining stocks after a fall in Glencore Xstrata on expectations of a writedown on its assets along with profit booking pushed the indicies further downwards. The data coming in from China and Euro zone supported the indicies at lower levels.

In US Markets, Dow fell for the week after the outcome from the minutes from the July's US Federal Reserve's meeting showed growing support for tapering of it bond-buying program along with mixed economic data coming in from US. Mixed earnings from some companies along with data coming in from China and Germany coupled with US home sales data supported the indicies at lower levels.

Source : Equity Bulls

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