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Tokyo: Stocks open 0.34% higher


[TOKYO] Tokyo stocks opened 0.34 per cent higher on Tuesday after European stocks rose on an expected stimulus move by the European Central Bank.

The Nikkei 225 index at the Tokyo Stock Exchange gained 57.36 points to 17,071.65 at the start.

Europe's main stock markets closed higher Monday, with the ECB forecast to announce fresh stimulus measures this week.

London's benchmark FTSE 100 index climbed 0.54 per cent while Frankfurt's DAX 30 grew 0.73 per cent.

There was no US trading Monday for a national holiday.

Markets are rife with speculation that the ECB will launch a bond-buying stimulus programme at a policy meeting on Thursday.

The euro was weak ahead of the big event.

The euro bought US$1.1597 and 136.50 yen early Tuesday compared with US$1.1630 and 136.69 yen in London late Monday.

The dollar was 117.69 yen against 117.53 yen in European trade.


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