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Nikkei Edges Down in Choppy Trade [FOX Business Network]

MIZUHO FINANCIAL GROUP (MFG)  More Company Research Source: FOX Business Network
US:NYSE Investor Relations: mizuho-fg.com/investors/index.html
PDF Japan's Nikkei edged down in choppy trade on Friday, as investors awaited the release of the U.S. monthly jobs report that will set the tone for the Federal Reserve's policy outlook, while bank stocks outperformed on higher yields. Continue Reading Below The Nikkei dropped 0.4 percent to 18,843.67 points in mid-morning trade after flirting with positive territory. The benchmark index has fallen 3.2 percent so far this week. U.S. nonfarm payrolls data is due out later on Friday and is expected to show employers added 175,000 jobs in January, according to the median of 102 economists polled by Reuters. The market was also closely watching individual earnings releases, with sentiment so far generally positive, analysts said. Many companies have raised their full-year profit forecasts due to a weakening yen. "So far, investors seem happy with companies' third quarter earnings," said Yutaka Miura, a senior technical analyst at Mizuho Securities. But he also [Read more]

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