Nikkei rallies on weaker yen, surprise OPEC deal



* Nikkei still seen rangebound, capped by investors' profit-taking
* Oil company shares jump as crude oil futures rally
Japan's Nikkei share average rose more than 1 percent on Thursday as investors took heart from a weaker yen and rallying oil prices after OPEC's unexpected agreement to trim crude output.
The Nikkei stock index was up 1.4 percent at 16,699.18 at the end of the morning session.
The Organization of the Petroleum Exporting Countries agreed on Wednesday to limit its production to a range of 32.5-33.0 million barrels per day (bpd) in talks held on the sidelines of an energy... read more

 
29 September 2016 in World News, Views: 34
Source: Reuters
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