The Nikkei Stock Average is expected to strengthen today on the Tokyo stock market, following the rise in stock prices in the US market last weekend. This positive trend is likely to prompt investors to buy Japanese stocks first. Furthermore, the release of US economic indicators on the 30th, revealing a slowdown in inflation, has alleviated concerns regarding prolonged monetary tightening.
However, there remains a sense of caution surrounding the high price of Japanese stocks. Some market analysts believe that selling now, in anticipation of a return after this cycle ends, will prevent stocks from reaching their peak value.
The projected range for the Nikkei Stock Average today is between 33,200 yen and 33,500 yen.
Previous closing price: 33,189.04 yen
Highest price since the beginning of the year: 33,772.89 yen
Lowest price since the beginning of the year: 25,661.89 yen
It is noteworthy that Chicago Nikkei Stock Average Futures are currently denominated at 33,435 yen.
-45.10 (Change)
June 1, 2023 (Date)
January 4, 2023 (Date)
To summarize, the Nikkei Stock Average is expected to experience positive momentum today. The release of US economic indicators has provided reassurance, while cautiousness persists over the high valuation of Japanese stocks. These factors will likely influence trading decisions in the Tokyo stock market.
TOKYO (Reuters) – The Nikkei Stock Average is expected to strengthen today on the Tokyo stock market. As stock prices in the US market rose last weekend, Japanese stocks are likely to be bought first. US economic indicators published on the 30th indicated a slowdown in inflation, easing excessive concerns about prolonged monetary tightening. On the other hand, there is a deep sense of caution about the high price of Japanese stocks, and it is believed that selling while waiting for a return after the end of the round will easily prevent the highest price.
The expected range for the Nikkei Stock Average is 33,200 yen to 33,500 yen.
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 33189.04 33772.89 25661.89
-45.10 2023/06/1 2023/01/0
9 4
Chicago Nikkei Stock Average Futures 33435 (Yen denominated)
#Todays #stock #outlook #strong #easing #excessive #concerns #prolonged #tightening #Reuters
