Japan’s Nikkei stock average is predicted to witness further declines in the Tokyo stock market today. With the closure of the US market on the 4th of July and absence of foreign cues, investors are eagerly awaiting the release of US June employment statistics on the 7th. Consequently, profit-taking selling is expected to take precedence, resulting in a possible drop below the previous day’s closing price of 33,422.52. However, trading volume might remain thin during this period.
The projected trading range for the Nikkei average is anticipated to be between 33,000 yen and 33,300 yen. Evening trading on the Osaka Exchange indicates Nikkei Stock Average futures at 33,170 yen, suggesting a struggle in the low range of 33,000 yen after the onset of the ongoing decline.
A domestic securities strategist mentioned, “There is a sense of caution regarding the high price due to its rapid surge.”
Independence Day led to the closure of US markets on Monday, while investors in the European market adopted a cautious approach amidst concerns over a potential recession and uncertainty regarding interest rate trends.
Today, the minutes of the Federal Open Market Committee (FOMC) meeting held on June 13-14 will be released in the United States. Additionally, China will publish the service sector PMI (Caixin) for June. Japan will witness the debut listing of Bleach on the growth market.
Closing price of the previous business day:
– Nikkei Average: 33,422.52
– High price since the beginning of the year: 33,772.89
– Low price since the beginning of the year: 25,661.89
Chicago Nikkei Stock Average Futures Close:
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TOKYO (Reuters) – Japan’s Nikkei stock average is expected to continue falling on the Tokyo stock market today. While the US market is closed on the 4th and foreign cues are lacking, there is also a mood to see the content of US June employment statistics due on the 7th, and profit-taking selling is likely to have priority. . The Nikkei Stock Average is likely to slide below the previous day’s closing price (33,422.52 = 4th) amid thin trading.
The expected range for the Nikkei average is 33,000 yen to 33,300 yen.
Nikkei Stock Average futures in evening trading on the Osaka Exchange are at 33,170 yen, and the Nikkei Stock Average is expected to struggle in the low range of 33,000 yen after the start of the ongoing decline.
A domestic securities strategist in the market said, “There is a sense of caution about the high price because of the rapid rise.
US markets were closed on Monday for Independence Day. In the European market, investors’ cautious stance pressed ahead against a backdrop of recession fears and uncertainty about the direction of interest rates.
Today, the minutes of the Federal Open Market Committee (FOMC) meeting (June 13-14) will be released in the United States, and the service sector PMI (Caixin) for June will be released in China. In Japan, Bleach will be newly listed on the growth market.
Closing price of the previous business day High price since the beginning of the year Low price since the beginning of the year
Nikkei Average 33422.52 33772.89 25661.89
-330.81 2023/6/19 2023/1/4
Chicago Nikkei Stock Average Futures Close
#Todays #stock #outlook #continued #decline #mood #start #thin #trading #Reuters
