Japan Stock Market May Extend Tuesday's Gains

RTTNews | 10 days ago
Japan Stock Market May Extend Tuesday's Gains

(RTTNews) - The Japan stock market on Tuesday wrote a finish to the three-day losing streak in which it had dropped more than 530 points or 1.4 percent. The Nikkei 225 now sits just above the 38,790-point plateau and it's expected to see additional support on Wednesday.

The global forecast for the Asian markets is upbeat following news of a ceasefire between Israel and Iran. The European and U.S. markets were up and the Asian bourses figure to follow that lead.

The Nikkei finished sharply higher on Tuesday following gains from the financial shares and technology stocks, although the automobile producers were soft.

For the day, the index accelerated 436.47 points or 1.14 percent to finish at 38,790.56 after trading between 38,665.61 and 38,990.11.

Among the actives, Nissan Motor stumbled 2.55 percent, while Mazda Motor eased 0.06 percent, Toyota Motor dipped 0.14 percent, Honda Motor retreated 1.14 percent, Softbank Group surged 5.58 percent, Mitsubishi UFJ Financial jumped 1.68 percent, Mizuho Financial collected 2.58 percent, Sumitomo Mitsui Financial and Mitsubishi Electric both strengthened 1.23 percent, Sony Group rallied 1.53 percent, Panasonic Holdings spiked 1.87 percent and Hitachi accelerated 1.99 percent.

The lead from Wall Street is positive as the major averages opened solidly higher and remained in the green throughout the trading day, ending near session highs.

The Dow jumped 507.24 points or 1.19 percent to finish at 43,089.02, while the NASDAQ rallied 281.56 points or 1.43 percent to close at 19,912.53 and the S&P 500 improved 67.01 points or 1.11 percent to end at 6,092.18.

The continued strength on Wall Street came after news that a ceasefire between Israel and Iran is now in effect. While both sides have accused each other of violating the ceasefire, traders appeared to remain optimistic about easing tensions in the Middle East.

Meanwhile, traders largely shrugged off comments from Federal Reserve Chair Jerome Powell indicating the central bank will remain on hold despite pressure from Trump to lower interest rates.

On the U.S. economic front, the Conference Board released a report showing an unexpected deterioration by consumer confidence in the month of June.

Closer to home, Japan will see May numbers for corporate service prices and April figures for the leading and coincident indexes later today. Corporate service prices are expected to climb 3.1 percent on year, steady from the April reading. The leading index is expected to slip 4.2 percent on month after easing 0.1 percent in March. The coincident index is tipped to fall 0.3 percent after shedding 1.4 percent a month earlier.

read more
TSX Settles Roughly Flat

TSX Settles Roughly Flat

The Canadian stock market ended flat on Friday, amid uncertainty on US-Canada trade deal even as July 9 deadline set by the US President for tariff agreement is fast approaching.
RTTNews | 11h 48min ago
Swiss Market Ends Slightly Down

Swiss Market Ends Slightly Down

After languishing in negative territory till a little before the final hour of the day's trading session, the Switzerland market managed to emerge into positive zone on Friday but failed to hold firm and eventually settled with a marginal loss.
RTTNews | 18h 32min ago
TSX Up Marginally After Posting New Record High

TSX Up Marginally After Posting New Record High

The Canadian market is up marginally a little past noon on Friday with investors largely making cautious moves on weak private sector activity report, and amid uncertainty about Trump administration's tariff moves.
RTTNews | 20h 0min ago
German Factory Orders Log Bigger-Than-Expected Fall

German Factory Orders Log Bigger-Than-Expected Fall

Germany's factory orders declined more than expected in May on falling demand from both the domestic market and other euro area economies, official data revealed on Friday. Factory orders decreased 1.4 percent from a month ago, Destatis reported. Orders were expected to drop 0.2 percent after an upwardly revised 1.6 percent rise in April. Orders declined for the first time in four months.
RTTNews | 23h 29min ago
Bay Street Headed For Weak Start

Bay Street Headed For Weak Start

Canadian shares are likely to open on a negative note Friday morning, tracking weak European stocks and lower crude oil prices. Concerns about tariffs may weigh down on sentiment. Trading volumes are likely to remain thin as the U.S. market is closed for Independence Day holiday.
RTTNews | 23h 52min ago
UK Construction Sector Contraction Slowest In 6 Months

UK Construction Sector Contraction Slowest In 6 Months

UK construction activity declined at the slowest pace since the current period of contraction began in January, survey results from S&P Global showed on Friday. The headline construction Purchasing Managers' Index rose to 48.8 in June from 47.9 in May. The expected score was 48.6. Any reading below 50.0 indicates an overall reduction in construction activity.
RTTNews | 23h 59min ago