The Nikkei average started off with a sharp rebound. Real consumer spending in September decreased by 1.1%, negative for the second consecutive month due to bad weather.
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Here is an overview of the opening situation in the morning. Thank you.
Market Overview
In today's Tokyo stock market, the Nikkei Stock Average started at 39,783.45 yen, up 402.04 yen from the previous trading day, and the Tokyo Stock Price Index (TOPIX) started at 2,759.80, up 16.72 points.
Market Overview
In today's Tokyo stock market, the Nikkei Stock Average started at 39,783.45 yen, up 402.04 yen from the previous trading day, and the Tokyo Stock Price Index (TOPIX) started at 2,759.80, up 16.72 points.
Top news
Real consumer spending in September decreased by 1.1%, marking a second consecutive month of decline due to adverse weather conditions.
According to the household survey for September announced by the Ministry of Internal Affairs and Communications on the 8th, the consumption expenditure of households with two or more people decreased by 0.28 million 7963 yen in real terms compared to the same month last year, excluding the impact of price fluctuations, a decrease of 1.1%. This marks a second consecutive month of decline. The decrease was attributed to the widespread trend of refraining from buying cars and traveling due to factors such as typhoons, as well as a decrease in air conditioner purchases.
Nissan to cut 20% of global production capacity, reducing 9,000 jobs, considering partial sale of Mitsubishi Motors shares.
$Nissan Motor (7201.JP)$announced on the 7th that it will reduce its global production capacity by 20% and cut 9,000 jobs. $Mitsubishi Motors (7211.JP)$plans to sell up to 10.02% of issued shares totaling approximately 0.1 billion 49 million shares held. The sale will take place at the closing price of 460.6 yen on the 7th and through off-hours trading on the 8th. The buyer will be Mitsubishi Motors Corporation.
Reopening of the US Steel acquisition review by Nippon Steel. President Trump publicly opposes it, while executives emphasize aiming for completion by the end of the year.
The U.S. presidential election is over, $Nippon Steel (5401.JP)$By a major US steel company. $United States Steel (X.US)$and the judgment on the acquisition plan of united states steel has been issued again. The headquarters of United States Steel is located in the battleground state of Pennsylvania, where both the Democratic and Republican camps are politicizing the issue by targeting the votes of labor unions. Takahiro Mori, Vice Chairman and Vice President of Nippon Steel, who is in charge of the acquisition negotiations, stated on April 7th, "The review is progressing quietly under the current administration. There is no political agenda. However, Mr. Trump publicly opposed the acquisition before the election, so it is uncertain whether the acquisition will be approved or not.
U.S. Foreign Exchange Market Summary: The Fed Chair does not suggest stopping interest rate cuts, causing a temporary softening to 152.70 yen.
In the New York foreign exchange market on the 7th, the dollar-yen exchange rate closed with a dollar depreciation and yen appreciation of nearly 1.70 yen compared to the previous day, at around 152.94 yen per dollar. The Euro saw a euro depreciation and yen appreciation of about 0.65 yen, with 1 euro equal to around 165.25 yen.
Source: Various company releases, MINKABU, The Nikkei
-moomoo News by Evelyn
Real consumer spending in September decreased by 1.1%, marking a second consecutive month of decline due to adverse weather conditions.
According to the household survey for September announced by the Ministry of Internal Affairs and Communications on the 8th, the consumption expenditure of households with two or more people decreased by 0.28 million 7963 yen in real terms compared to the same month last year, excluding the impact of price fluctuations, a decrease of 1.1%. This marks a second consecutive month of decline. The decrease was attributed to the widespread trend of refraining from buying cars and traveling due to factors such as typhoons, as well as a decrease in air conditioner purchases.
Nissan to cut 20% of global production capacity, reducing 9,000 jobs, considering partial sale of Mitsubishi Motors shares.
$Nissan Motor (7201.JP)$announced on the 7th that it will reduce its global production capacity by 20% and cut 9,000 jobs. $Mitsubishi Motors (7211.JP)$plans to sell up to 10.02% of issued shares totaling approximately 0.1 billion 49 million shares held. The sale will take place at the closing price of 460.6 yen on the 7th and through off-hours trading on the 8th. The buyer will be Mitsubishi Motors Corporation.
Reopening of the US Steel acquisition review by Nippon Steel. President Trump publicly opposes it, while executives emphasize aiming for completion by the end of the year.
The U.S. presidential election is over, $Nippon Steel (5401.JP)$By a major US steel company. $United States Steel (X.US)$and the judgment on the acquisition plan of united states steel has been issued again. The headquarters of United States Steel is located in the battleground state of Pennsylvania, where both the Democratic and Republican camps are politicizing the issue by targeting the votes of labor unions. Takahiro Mori, Vice Chairman and Vice President of Nippon Steel, who is in charge of the acquisition negotiations, stated on April 7th, "The review is progressing quietly under the current administration. There is no political agenda. However, Mr. Trump publicly opposed the acquisition before the election, so it is uncertain whether the acquisition will be approved or not.
U.S. Foreign Exchange Market Summary: The Fed Chair does not suggest stopping interest rate cuts, causing a temporary softening to 152.70 yen.
In the New York foreign exchange market on the 7th, the dollar-yen exchange rate closed with a dollar depreciation and yen appreciation of nearly 1.70 yen compared to the previous day, at around 152.94 yen per dollar. The Euro saw a euro depreciation and yen appreciation of about 0.65 yen, with 1 euro equal to around 165.25 yen.
Source: Various company releases, MINKABU, The Nikkei
-moomoo News by Evelyn
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