Japanese stocks continue to rise, buoyed by a strong US economy and a weak yen, sensitive to the economy and high in finance.
September 2, 2024 7:48 JST (excerpt)
The Tokyo stock market is expected to continue to rise on the 2nd. The US economic indicators, such as personal consumption expenditures (PCE), suggested the resilience of consumption and the dampening of inflation, and the weak yen in the foreign exchange market is well received. Automobiles, electronics, and other export-related materials are being bought, with rising US interest rates and a high in financial stocks, banks and insurance companies are likely to rise as well.
The settlement price of the Nikkei 225 futures (yen-denominated) on the Chicago Mercantile Exchange (CME) was 39,890 yen, which is 280 yen higher than the normal trading closing price (38,710 yen) on the Osaka Exchange.
US stocks are up - the yield on the 10-year US Treasury bond has risen to 3.9%, an increase of 4 basis points.
The Tokyo stock market is expected to continue to rise on the 2nd. The US economic indicators, such as personal consumption expenditures (PCE), suggested the resilience of consumption and the dampening of inflation, and the weak yen in the foreign exchange market is well received. Automobiles, electronics, and other export-related materials are being bought, with rising US interest rates and a high in financial stocks, banks and insurance companies are likely to rise as well.
The settlement price of the Nikkei 225 futures (yen-denominated) on the Chicago Mercantile Exchange (CME) was 39,890 yen, which is 280 yen higher than the normal trading closing price (38,710 yen) on the Osaka Exchange.
US stocks are up - the yield on the 10-year US Treasury bond has risen to 3.9%, an increase of 4 basis points.
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