Nikkei up, Europe fears ease, yen and US data help

TOKYO, Dec 2 (BestGrowthStock) – Japan’s Nikkei average jumped almost
2 percent and at one point hit a fresh five-month high on
Thursday, encouraged by talk of bold steps to resolve the EU’s
debt crisis, strong U.S. economic data and a softer yen.

Speculation grew that the European Central Bank could step up
its purchases of government debt and a U.S. official told Reuters
that Washington would support the boosting an EU rescue facility
via IMF funds, lifting U.S. stocks (Read more about the stock market today. ) on Wednesday.

The Nikkei (.N225: ) made its biggest daily gain in two weeks
closing up 1.8 percent or 180.47 points at 10,168.52. At one
stage it jumped 2 percent, hitting a fresh five-month intraday
high of 10,187.59. The broader Topix index (.TOPX: ) was 1.3
percent higher at 877.21.
(Reporting by Antoni Slodkowski; Editing by Michael Watson)

Nikkei up, Europe fears ease, yen and US data help