Nikkei rises after strong U.S. jobs data suggests imminent rate hike

domingo 6 de diciembre de 2015 22:22 GYT
 

* Nikkei 225 up 1.5 pct by late morning

* Oil shares fall after OPEC plans to maintain production high

* Takata falls as carmakers ordered to stop using its air bag inflators

By Ayai Tomisawa

TOKYO, Dec 7 (Reuters) - Japan's Nikkei share average rose on Monday after U.S. jobs data suggested that the economy was strong enough to sustain a U.S. Federal Reserve rate hike this month, lifting sentiment in the broader market.

But energy stocks tumbled as oil prices fell on news that the Organization of the Petroleum Exporting Countries was planning to maintain its production near record highs despite depressed prices.

The Nikkei gained 1.5 percent to 19,808.42 points by late morning, after tumbling 2.2 percent on Friday after the European Central Bank dashed expectations for greater stimulus.

On Friday, data showed that U.S. non-farm payrolls increased 211,000 in November, while September and October data were revised to show 35,000 more jobs than previously reported.

"Since the Japanese market saw a deep fall on Friday, the U.S. job data offered a quick chance to buy back," said Takuya Takahashi, a strategist at Daiwa Securities.   Continuación...