Nikkei holds onto recent gains, U.S. data supports

TOKYO, Dec 3 (BestGrowthStock) – Japan’s Nikkei share average (.N225: )
held onto recent gains on Friday as U.S. retail and housing data
raised hopes for a swifter recovery in the world’s biggest
economy while concerns about Europe’s debt crisis eased.

Stronger-than-expected November same-store sales from U.S.
retailers, a sharp jump in pending home sales, and a better
labour market became the latest signs that the U.S. economic
recovery is on track and a double-dip recession less likely.

The Nikkei (.N225: ) ended flat holding on to its Thursday’s
gains of almost 2 percent, adding 0.1 percent or 9.8 points to
10,178.32 in light trade.

At one stage it hit a six-month intraday high of 10,254.00
but gave up earlier gains on profit-taking, market players said.

The broader Topix index (.TOPX: ) was 0.2 percent higher at
(Reporting by Antoni Slodkowski; Editing by Edwina Gibbs)

Nikkei holds onto recent gains, U.S. data supports