Nikkei jumps 5.8 per cent on ECB easing signal, oil prices rebound

Tokyo, Rabi’II 12, 1437, Jan 22, 2016, SPA — Japan’s benchmark Nikkei 225 Stock Average bounced back Friday for the first upswing in three days, bolstered by a hint of fresh monetary stimulus by the European Central Bank and a rebound in crude oil prices, dpa reported.
The Nikkei gained 941.27 points, or 5.88 per cent, to end at 16,958.53 after falling 2.43 per cent Thursday.
The broader Topix index was up 72.7 points, or 5.59 per cent, at 1,374.19 after losing 2.8 per cent the day before.
For the week, the Nikkei fell 1.11 per cent and the Topix lost 2.02 per cent.
On Thursday, European Central Bank chief Mario Draghi insisted there were “no limits” to what the ECB will do to meet its inflation target and spur economic growth.

09:58 LOCAL TIME 06:58 GMT