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Japan’s Nikkei and Germany’s DAX share indices both post 19% gains in 2024 – as it happened

www.theguardian.com 30-12-2024 03:40 0.5 Minutes reading

Rolling coverage of the latest economic and financial news

Japan’s blue-chip stock index has ended the year at its highest year-end finish on record, despite a small selloff today.

The Nikkei stock average ended down 386.62 points, or almost 1%, today at 39,894 points.

“There was much optimism in the first half of the year with hope for a favorable cycle in which wages increase in tandem with prices, alongside the weak yen for corporate profits.”

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Manufacturers in the UK cut back output last month at the fastest rate since February, compounding the gloomy picture for the British economy, according to a closely watched survey.

The purchasing managers’ index for manufacturing fell to 47, down from 48 in November – the weakest for 11 months. Any reading below 50 signals a contraction.

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