Japan Stock Market Tipped To Open Under Pressure On Monday

RTTNews | hace 71
Japan Stock Market Tipped To Open Under Pressure On Monday

(RTTNews) - The Japanese stock market has moved lower in back-to-back sessions, surrendering more than 900 points or 2.4 percent along the way. The Nikkei 225 now rests just above the 37,120-point plateau and it may extend its losses on Monday.

The global forecast for the Asian markets is weak on concerns over the health of the world economy. The European and U.S. markets were down and the Asian bourses are expected to open in similar fashion.

The Nikkei finished sharply lower on Friday following losses from the financial shares, technology stocks and automobile producers.

For the day, the index tumbled 679.64 points or 1.80 percent to finish at 37,120.33 after trading between 36,864.93 and 37,359.95.

Among the actives, Nissan Motor dipped 0.25 percent, while Mazda Motor retreated 1.32 percent, Toyota Motor tanked 2.81 percent, Honda Motor surrendered 2.60 percent, Softbank Group skidded 1.00 percent, Mitsubishi UFJ Financial tumbled 1.63 percent, Mizuho Financial plunged 2.53 percent, Sumitomo Mitsui Financial stumbled 1.80 percent, Mitsubishi Electric cratered 2.39 percent, Sony Group lost 0.55 percent, Panasonic Holdings rallied 1.21 percent and Hitachi dropped 0.91 percent.

The lead from Wall Street is brutal as the major averages opened lower on Friday and only got worse as the day progressed, ending near session lows.

The Dow plummeted 715.80 points or 1.69 percent to end at 41,583.90, while the NASDAQ tumbled 481.01 points or 2.70 percent to close at 17.322.99 and the S&P 500 dropped 112.37 points or 1.97 percent to end at 5,580.94. For the week, the NASDAQ plunged 2.6 percent, while the S&P lost 1.5 percent and the Dow shed 1.0 percent.

The sell-off on Wall Street came amid concerns about the outlook for the economy following the latest data, including the Federal Reserve's preferred readings on inflation.

While the Commerce Department report showed consumer prices increased in line with economist estimates, core consumer prices rose by slightly more than expected.

Stocks saw further downside after the University of Michigan released revised data showing consumer sentiment deteriorated more than estimated in March.

Oil prices fell Friday, but the most active futures contract still posted a weekly gain amid prospects of tighter supplies following the U.S. sanctions on Iran and Venezuela. West Texas Intermediate Crude oil futures for May settled at $69.36 a barrel, losing $0.56 or 0.8 percent. WTI crude futures gained 1.6 percent in the week.

Closer to home, Japan is scheduled to release a batch of data on Monday, including February figures for industrial production, retail sales, construction orders and housing starts.

Industrial production is expected to rise 1.9 percent on month after dipping 1.1 percent in January. Sales are seen higher by an annual 2.4 percent, easing from 2.4 percent in the previous month. Construction orders were up 12.2 percent on year in January and housing starts fell 4.6 percent.

read more
Eurozone Investor Confidence Strongest In A Year: Sentix

Eurozone Investor Confidence Strongest In A Year: Sentix

Euro area investor morale rose to the highest level in a year in June, driven by the economic recovery in Germany, survey data from the behavioral research institute Sentix showed Tuesday. The investor sentiment index rose to +0.2 in June from -8.1 in May. This was the highest reading since June 2024 and remained well above economists' forecast of -6.0.
RTTNews | hace 2h 2min
Bay Street Likely To Open On Mixed Note

Bay Street Likely To Open On Mixed Note

Canadian shares are likely to open on a mixed note Tuesday morning with investors looking for directional clues as they await the outcome of the U.S.-China trade negotiations.
RTTNews | hace 2h 55min
FTSE 100 Advances; Persimmon, Marks & Spencer Among Top Gainers

FTSE 100 Advances; Persimmon, Marks & Spencer Among Top Gainers

Despite data showing an increase in the nation's unemployment rate, U.K. stocks are up in positive territory a little past noon on Tuesday on selective buying amid some optimism over the ongoing U.S.-China trade talks in London.
RTTNews | hace 3h 29min
CAC 40 Down Marginally In Cautious Trade

CAC 40 Down Marginally In Cautious Trade

French stocks are largely subdued on Tuesday as investors refrain from making significant moves while awaiting the outcome of the ongoing trade talks between U.S. and Chinese officials in London.
RTTNews | hace 4h 14min
Sensex, Nifty End Choppy Session Narrowly Mixed

Sensex, Nifty End Choppy Session Narrowly Mixed

Indian shares fluctuated before ending little changed on Tuesday as investors waited for more details to emerge from the second day of ongoing U.S.-China trade negotiations in London.
RTTNews | hace 4h 57min
Yen Recovers Amid BoJ Rate Hike Speculation

Yen Recovers Amid BoJ Rate Hike Speculation

The Japanese yen recovered from early lows against other major currencies in the European session on Tuesday, as traders speculate that the Bank of Japan (BoJ) will hike interest rates this year.
RTTNews | hace 5h 18min
UK Jobless Rate Rises; Wage Growth Softens

UK Jobless Rate Rises; Wage Growth Softens

The UK unemployment rate rose slightly in the three months to April period and wage growth softened as the rise in social security contribution and the minimum wage started to weigh on the labor market activity. The ILO jobless rate rose to 4.6 percent in the three months to April, as expected, from 4.5 percent in the three months to March, data from the Office for National Statistics revealed T
RTTNews | hace 5h 43min