- Title: JAPAN: Japanese stocks end the week relatively flat as they await Europe signals
- Date: 22nd October 2011
- Summary: TOKYO, JAPAN (OCTOBER 21, 2011) (REUTERS) EXTERIOR OF TOKYO STOCK EXCHANGE (TSE) BUILDING "TOKYO STOCK EXCHANGE" SIGN TSE MARKET CENTRE VISITORS LOOKING AT TSE MARKET CENTRE MORE OF VISITORS LOOKING AT TSE MARKET CENTRE MORE OF TSE MARKET CENTRE VARIOUS OF TSE STAFF WORKING ELECTRONIC STOCK BOARD ELECTRONIC STOCK BOARD SHOWING NIKKEI AVERAGE AT 8678.89 DOWN 3.26 CIRCULATING ELECTRONIC TICKER
- Embargoed: 6th November 2011 12:00
- Location: Japan, Japan
- Country: Japan
- Topics: Business,Economy
- Reuters ID: LVA84HROZN2G99FPNUU1326GNAPU
- Story Text: The Nikkei ended the week relatively flat on on Friday (October 21) in thin trade, as investors await more signals from leaders working out the details of a plan to contain the euro zone debt crisis.
Germany and France released a statement on Thursday (October 20) saying that European leaders would discuss a global solution to the crisis on Sunday (October 23) but no decisions would be adopted before a second meeting to be held by Wednesday (October 26) at the latest.
The Nikkei slipped 0.04 percent to 8,678.89 and the broader Topix index lost 0.24 percent to 744.21 at the close.
European leaders said they did not expect Sunday's meeting to give an all-cure solution to the euro zone's debt problems, with regional leaders still sharply divided over how to strengthen a euro zone rescue fund.
Paris and Berlin wanted negotiations to start immediately with the private sector for an agreement on the sustainability of Greece's debt, according to the communique.
- Copyright Holder: REUTERS
- Usage Terms/Restrictions: None