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Nikkei set to rally on hopes of Fed, ECB stimulus
TOKYO, July 30 (Reuters) - Japan's Nikkei share average is expected to open sharply higher on Monday, boosted by increasing expectations that the U.S. Federal Reserve and the European Central Bank may offer further stimulus. The Nikkei was likely to trade between 8,600 and 8,700, strategists said, after rallying 1.5 percent to 8,566.64 on Friday to break above its five-day moving average at 8,474.41. Nikkei futures in Chicago closed at 8,685 on Friday, up 1.5 percent from the Osaka close ...
Published By: Reuters (Company news) - Monday, 30 July, 2012
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