[Tokyo 29th Reuters]–The Nikkei Stock Average is expected to start ahead of buying on the Tokyo Stock Exchange today. The Japanese stock market is likely to move steadily in response to the sharp rise in US stocks yesterday. It is expected that there will be a recovery of the milestone of 28,000 yen, but it is easy to make profit-taking sales ahead of the weekend, and it is expected that the growth will be sluggish after the rise. The dollar / yen pair is swinging in the direction of yen appreciation, which could weigh on export-related stocks.
The expected range of the Nikkei average is 27,700 yen to 28,100 yen.
The US stock market continued to grow, with all three major stock indexes closing at over 1%. With the second quarter gross domestic product (GDP) shrinking for the second consecutive quarter, it is observed that the Federal Reserve does not need to raise rates as aggressively as some expect. Spread. The US Department of Commerce announced on the 28th that the real GDP preliminary figures for the second quarter were 0.9% lower than the previous quarter on an annualized basis.
In today’s Japanese stock market, it is expected that it will take over the trend of rising US stocks and start steadily, and it is likely that it will temporarily recover the milestone of 28,000 yen. However, in the market, “US stocks are not rising due to the good economic situation, but stock prices have risen as US interest rates have fallen due to the economic downturn” (Mizuho Securities Senior Technical Analysts, Yutaka Miura) Some pointed out that it was unclear whether aggressive buying would continue. After the recovery of 28,000 yen, profit-taking sales will become dominant, and it is expected that the development will be in conflict with 27,900 yen.
In addition, the dollar / yen pair is currently in the low 134 yen range, and the yen is on the rise, which is likely to weigh on export-related stocks. It was also pointed out that the number of new infections with the new coronavirus is increasing rapidly in Japan, and that it may remain weak mainly in the service industry.
Meanwhile, US stock futures are rising following the announcement of good financial results by US Apple and US Amazon.com on the 28th, “High-tech stocks with high prices in the Japanese stock market are also developing strongly. That’s right “(Mr. Miura).
In Japan, the main schedule is to announce consumer prices in July Tokyo (Ministry of Internal Affairs and Communications), effective job openings-to-applicants ratio in June (Ministry of Health, Labor and Welfare), unemployment rate in June (Ministry of Internal Affairs and Communications), and Sony. Group, DENSO, Mizuho Financial Group, Sumitomo Mitsui Financial Group, etc. will announce their financial results.
Overseas, personal income and consumer spending (Ministry of Commerce) in June and the University of Michigan Consumer Confidence Index confirmed figures in July will be announced in the United States.
Previous business day closing price Year-to-date high price Year-to-date low
Nikkei average 27815.48 29388.16 24681.74
+99.73 2022/01/0 2022/03/0
5 9
Chicago Nikkei Average Futures Limit 27850 (yen denominated)
