Tokyo stocks extend gains on U.S. market strength Sorry, but your browser needs Javascript to use this site. If you re not sure how to activate it, please refer to this site: https://www.enable-javascript.com/
Jiji Feb 3, 2021
Tokyo stocks advanced for the third consecutive session on Wednesday, thanks to an overnight rise on Wall Street.
The 225-issue Nikkei average surged 284.33 points, or 1.00%, to close at 28,646.50, after jumping 271.12 points on Tuesday.
The Topix index of all first section issues ended 24.07 points, or 1.30%, higher at 1,871.09 following a 17.18-point rise the previous day.
The Tokyo market spurted from the outset of Wednesday’s trading, reflecting avid buying on the back of rises in key U.S. stock indexes Tuesday, with the Nikkei gaining over 300 points briefly in the morning.
Following
ISM Services Purchasing Managers Index December Preview: Business optimism is fine but the dollar needs jobsANALYSIS |
1/6/2021 11:01:57 PM GMT
Service sector expansion expected to slow in December.
Manufacturing PMI was stronger that forecast, employment higher in December.
Labor economy under pressure from closures, business looks ahead.
Dollar is tied to the success of job creation.
The US employment recovery is threatening to grind to a halt under the impact of California s strict lockdown and more moderate restrictions in other states but the business community is planning for the expansion that awaits the end of the pandemic.
Purchasing Managers Indexes (PMI) from the Institute for Supply Management (ISM) are expected to maintain an optimistic outlook in December with the general measure slipping to 54.5 from 55.9 in November. The Employment Index is forecast to drop to 50.7 from 51.5 while the New Orders
Automatic Data Processing Raises FY21 Outlook
ROSELAND (dpa-AFX) - While reporting its financial results for the second quarter on Wednesday, Automatic Data Processing, Inc. (ADP) raised its outlook for fiscal 2021 bookings, retention, revenue, margin, and earnings per share.
The company now projects fiscal 2021 revenue growth of 1 percent to 3 percent, earnings per share growth of 1 percent to 5 percent, and adjusted earnings per share in a range of decline of 2 percent to growth of 2 percent.
Earlier, the company projected full-year revenue growth in a range of decline of 1 percent to growth of 1 percent, and adjusted earnings per share to decline in a range of 7 percent to 3 percent.
Automatic Data Processing s Debt Overview benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.