Nikkei falls on profit-taking in Olympics-related shares

Fri Sep 6, 2013 7:14am BST
TOKYO, Sept 6 (Reuters) - Japan's Nikkei share average fell
on Friday, snapping a four-day winning streak, as investors
opted to book profits from a recent sharp rally in real estate
and construction firms as doubts emerged on Tokyo's chances of
winning its bid to stage the 2020 Summer Olympics.

The benchmark Nikkei dropped 1.5 percent to
13,860.81, after climbing 5.1 percent over the past four trading
days. The index was still up 3.5 percent on the week and has
gained 33 percent this year.

The broader Topix shed 0.9 percent to 1,147.82.
Trading was fairly light, with 2.24 billion shares changing
hands, as many investors stayed on the sidelines ahead of key
events, including U.S. jobs data and a decision on Tokyo's
Olympics bid this weekend.

German Trade Balance 14.5B 15.9B 15.8B

French Trade Balance -5.1B -4.5B -4.5B

GBP Halifax HPI m/m 0.4% 0.7% 0.9%

FTSE100 slightly lower in early trade as the miners retreat

GBP Manufacturing Production m/m 0.2% 0.3% 1.9%

GBP Consumer Inflation Expectations 3.2% 3.6%

GBP Trade Balance -9.9B -8.2B -8.1B

GBP Industrial Production m/m 0.0% 0.2% 1.1%

OXP
bounce from support

German Industrial Production m/m -1.7% -0.3% 2.4%

FTSE100 moves slightly lower in cautious midday trade

CAD Employment Change 59.2K 21.2K -39.4K

CAD Unemployment Rate 7.1% 7.2% 7.2%

CAD Labor Productivity q/q 0.5% 0.3% 0.2%

USD Non-Farm Employment Change 169K 178K 162K

USD Unemployment Rate 7.3% 7.4% 7.4%

USD Average Hourly Earnings m/m 0.2% 0.2% -0.1%

CAD Ivey PMI 51.0 52.6 48.4

FTSE100 ends modestly higher, shrugging off Syria woes

Hope you all have a great weekend.

G.