Nikkei snaps 3-day losing streak as Syria, emerging market concerns abate

TOKYO | Thu Aug 29, 2013 7:19am BST
Aug 29 (Reuters) - Japan's Nikkei share average rose on Thursday, snapping a three-day losing streak led by gains in oil shares, while fears abated that U.S.-led forces would soon launch a military strike on the Syrian government.

The bounce in stocks and emerging market currencies also calmed investors' worries, traders said.

The benchmark Nikkei rose 0.9 percent to 13,459.71, while the broader Topix added 0.2 percent to 1,116.51.

German Unemployment Change 7K -5K -7K

FTSE100 firmly higher at midday with Vodafone leading

CAD Current Account -14.6B -14.9B -14.1B

CAD RMPI m/m 4.2% 1.2% 0.3%

CAD IPPI m/m 0.3% 0.4% 0.3%

USD Prelim GDP q/q 2.5% 2.2% 1.7%

USD Unemployment Claims 331K 330K 336K

USD Prelim GDP Price Index q/q 0.8% 0.7% 0.7%

FTSE100 ends day with solid gains as Syria concerns ease