Today’s stock outlook = ups and downs, difficult clues due to US holidays European stock prices and yen depreciation support | Reuters

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[Tokyo 31st Reuters]–The Nikkei Stock Average is expected to move up and down in today’s Tokyo stock market. While the US market was closed, stock prices rose in Europe in anticipation of economic revitalization by releasing the lockdown in China. The depreciation of the yen also helps. However, inflation concerns are growing in the euro area as well, and the European Central Bank (ECB) is also wary of a sharp rate hike, so it seems difficult to get a sense of direction.

The expected range of the Nikkei average is 27,200 yen to 27,500 yen.

The European stock market on the previous day continued to grow and closed. Following the announcement by the city of Shanghai, China, that it has announced a policy to lift the lockdown (city blockade), it temporarily hit a high for the first time in about a month. The US market was closed on Memorial Day holidays.

Japanese stocks are expected to move steadily against the backdrop of the rise in European stocks and the depreciation of the yen compared to the trading hours of the previous day. The strong performance of US stock futures in after-hours trading is also likely to help.

In the market, there is a voice saying, “If you manage to sell back, it will be easier to settle in the 27,000 yen range” (Masahiro Ichikawa, Chief Market Strategist, Sumitomo Mitsui DS Asset Management).

Industrial production will be announced in April in Japan today. In China, the manufacturing PMI will be announced in May. With few clues during trading hours, the reaction of Chinese stocks is also of interest. In the United States, the March S & P Case-Shiller Home Price Index and the May Consumer Confidence Index have been announced.

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Previous business day closing price Year-to-date high price Year-to-date low

Nikkei 225 27369.43 29388.16 24681.74

+587.75 January 5, 2022 March 9, 2022

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