Nikkei May Rise After Strong U.S. Jobs Data

2343 GMT — Japanese stocks could rise after strong U.S. jobs data brightened the global economic outlook and weakened the yen. Nikkei futures open up 390 points at 31975 on the SGX. USD/JPY is at 140.20, up sharply from 138.88 as of Friday’s Tokyo stock-market close. Investors are focusing on economic data as well as crude-oil prices after Saudi Arabia said it would cut 1 million barrels of oil output a day as part of a deal between OPEC and its allies. The Nikkei Stock Average rose 1.2% to 31524.22 on Friday. (kosaku.narioka@wsj.com))

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