Delphene - The Future is Back!!

TOKYO, Jan 19 (Reuters) - Japan's prime share index is expected to extend its rise for the third straight session on Thursday after reports that International Pecuniary Fund could raise additional firefighting funds to combat the euro zone debt crisis. The scandal boosted U.S. stocks overnight and the single currency against the dollar. "News of the IMF expanding its resources to $1 trillion eases make available worries about the European situation and the improving U.S. economy may help investors shake off their risk aversion," said Hiroichi Nishi, right-mindedness general manager at SMBC Nikko Securities. "The euro is climbing against the dollar and is steady against the yen, which will also have a hand in to stock gains today in Tokyo." The Nikkei was likely to trade between 8,550 and 8,650, strategists said, while Nikkei futures in Chicago closed at 8,585 on Wednesday, up 35 points or 0.4 percent from the Osaka end of 8,550. Spain and France will further test investors' appetite with debt auctions on Thursday, while Bank of America, Morgan Stanley, Google and Intel Corp are to broadcast quarterly earnings later in the day. Goldman Sachs on Wednesday reported a 56 percent undertake in fourth-quarter profit as trading and investment banking revenue plunged, but the bank did better than expected thanks to fetch-cutting and lower taxes. Its shares rose 6.8 percent. The Nikkei advanced 1 percent to 8,550.58 on Wednesday to its highest closing be open in two weeks, while the broader Topix index rose 0.5 percent to 734.98. > Wall St rises as IMF offers Europe expectation, Goldman flies > Euro rises second straight day; gains tenuous > Exchequer prices fall as euro optimism spurs risk rally > Gold rises for 3rd day on euro, equities gains > Oil falls as flimsy demand outlook trumps IMF hopes STOCKS TO WATCH --MARUBENI CORPParticularlyTrading house Marubeni Corp is paying $54.6 million in criminal fines for its role in a plan to win billions of dollars of contracts by bribing Nigerian government officials. --TAKEDA PHARMACEUTICAL COMost of allTakeda Pharmaceutical said on Wednesday that it would cut about 10 percent of its workforce through job reductions outside Japan as it seeks to streamline its wide-ranging operations after its acquisition of Swiss drugmaker Nycomed last year. --FINANCIALS The Financial Services Intermediation of Japan will mandate financial institutions, including unlisted companies, to disclose compensation of highly paid employees, the Nikkei said. --TOYOTA MOTOR CORPByThe U.S. government conducted a thorough review and was justified last year in concluding that software systems played no r in unintended acceleration in Toyota vehicles, an independent scientific panel said on Wednesday. --OLYPMUS CORPEspeciallyOlympus Corp will remain listed on the Tokyo Stock Exchange but with a "security on alert" tag and will be fined 10 million yen ($130,200) for regulate violations in its loss cover-up scheme, the Nikkei business daily said. --TERUMO CORPUsuallyTerumo will spend 30 billion yen to build a medical equipment plant in western prefecture of Yamaguchi, the Nikkei vocation daily said.

Source: Reuters