The Nikkei average started to decline, with an ordinary profit of 15.8 trillion yen in the first half of the fiscal year 24, the largest on a semi-annual basis.
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Here is an overview of the morning market opening. Thank you.
Market Overview
In today's Tokyo stock market, the Nikkei Stock Average started at 39,417.21 yen, down 83.16 yen from the previous trading day, and the Tokyo Stock Price Index (TOPIX) started at 2,738.56, down 3.59 points.
Market Overview
In today's Tokyo stock market, the Nikkei Stock Average started at 39,417.21 yen, down 83.16 yen from the previous trading day, and the Tokyo Stock Price Index (TOPIX) started at 2,738.56, down 3.59 points.
Top News
The primary balance surplus for the first half of fiscal year 2024 was ¥15.8 trillion = Ministry of Finance
According to the preliminary balance of payments with overseas announced by the Ministry of Finance on the 11th of the first half of fiscal year 2024 (April to September), the current account surplus, which shows the trade in goods and services and investment income with overseas, was a surplus of ¥15,824.8 billion. The surplus amount is the largest ever recorded. The current account surplus for September, announced at the same time, was a surplus of ¥1,717.1 billion.
Bank of Japan: "Outlook for additional rate hikes", adopting a wait-and-see approach towards the U.S. economy
On the 11th, the Bank of Japan announced the "main opinions" from the monetary policy decision meeting held on October 30-31. The policy board members evaluated the current price trends as "mostly in line with expectations", considering the reconsideration of the extent of service price hikes. Additionally, taking into account the developments in the U.S. economy including the U.S. presidential election, some comments indicated a "temporary wait-and-see approach with a view to additional rate hikes".
U.S. Foreign Exchange Market Summary: Temporary drop to the 152.80 yen level restrained by declining U.S. interest rates
In the New York foreign exchange market on the 8th, the dollar-yen exchange rate closed trading at around 152.64 yen per dollar, about 30 yen lower compared to the previous day, indicating a dollar depreciation and a yen appreciation. The euro was trading around 163.61 yen per euro, about 1.65 yen lower, indicating a euro depreciation and a yen appreciation.
MUFG focuses on investing in India, with M&A deals worth tens of billions of yen - Executive Director Itagaki
$Mitsubishi UFJ Financial Group (8306.JP)$MUFG is stepping up its investment in india for new growth. In addition to targeting large-scale investment projects, MUFG plans to double the number of employees at its india office, which handles back-office functions worldwide, to around 3,000, and increase the allocation of management resources to group companies.
Source: Various company press releases, MINKABU, Nikkei, Bloomberg
-moomoo News by Evelyn
The primary balance surplus for the first half of fiscal year 2024 was ¥15.8 trillion = Ministry of Finance
According to the preliminary balance of payments with overseas announced by the Ministry of Finance on the 11th of the first half of fiscal year 2024 (April to September), the current account surplus, which shows the trade in goods and services and investment income with overseas, was a surplus of ¥15,824.8 billion. The surplus amount is the largest ever recorded. The current account surplus for September, announced at the same time, was a surplus of ¥1,717.1 billion.
Bank of Japan: "Outlook for additional rate hikes", adopting a wait-and-see approach towards the U.S. economy
On the 11th, the Bank of Japan announced the "main opinions" from the monetary policy decision meeting held on October 30-31. The policy board members evaluated the current price trends as "mostly in line with expectations", considering the reconsideration of the extent of service price hikes. Additionally, taking into account the developments in the U.S. economy including the U.S. presidential election, some comments indicated a "temporary wait-and-see approach with a view to additional rate hikes".
U.S. Foreign Exchange Market Summary: Temporary drop to the 152.80 yen level restrained by declining U.S. interest rates
In the New York foreign exchange market on the 8th, the dollar-yen exchange rate closed trading at around 152.64 yen per dollar, about 30 yen lower compared to the previous day, indicating a dollar depreciation and a yen appreciation. The euro was trading around 163.61 yen per euro, about 1.65 yen lower, indicating a euro depreciation and a yen appreciation.
MUFG focuses on investing in India, with M&A deals worth tens of billions of yen - Executive Director Itagaki
$Mitsubishi UFJ Financial Group (8306.JP)$MUFG is stepping up its investment in india for new growth. In addition to targeting large-scale investment projects, MUFG plans to double the number of employees at its india office, which handles back-office functions worldwide, to around 3,000, and increase the allocation of management resources to group companies.
Source: Various company press releases, MINKABU, Nikkei, Bloomberg
-moomoo News by Evelyn
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