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    Market Report - Upbeat Start to 2010

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    NTDTelevision

    by NTDTelevision

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    In today’s market report… the first day of trading of 2010 began on an upbeat note, with Japanese stocks leading Asian equities higher.

    A weaker yen boosted exporters and new government support for struggling Japan Airlines helped push the Nikkei higher.

    Investors focused on bullish indicators, such as manufacturing employment in South Korea at the highest level since January 2008.

    And ignored the few bearish ones, like a much larger-than-expected fourth-quarter contraction of Singapore's economy.

    The main event of the week will be the U.S. payrolls numbers on Friday with expectations of a 20,000 decline in December, though some analysts are predicting the first jobs growth in two years.