[Tokyo 28th Archyde.com]–The Nikkei Stock Average is expected to be unstable in today’s Tokyo stock market. US stocks rebounded sharply last weekend, but following that, Europe and the United States agreed to exclude some Russian banks from the SWIFT (International Interbank Communication Association), a remittance and settlement system between international banks, and the world economy. There is a view that the mood to determine the impact on the economy will increase. The ceasefire negotiations between Ukraine and Russia are expected to support the market if progress is made, including its feasibility.
The expected range of the Nikkei average is 26,200 yen to 26,800 yen.
In the US market on the 25th of the previous weekend, the possibility of a ceasefire negotiation between Ukraine and Russia was well received, and the three major stock price indexes rose significantly. However, following that, negotiations did not come to fruition, and Russia’s military operations in Ukraine continued.
On the other hand, it was reported that Europe and the United States have agreed to exclude some Russian banks from SWIFT. Japan also decided to participate. In the stock market, there is a growing mood to assess the impact on the global economy. “The heightened uncertainty may lead to some movement to return the rise last weekend,” said Shingo Ide. There is a view that it is a stock strategist).
Japanese stocks are expected to be easily shaken by trends in crude oil prices and US stock futures. At the moment, CFD Dow futures are down regarding $ 450 from the spot closing price last weekend. WTI crude oil futures are up regarding $ 5 to around $ 97. It is also conscious that Japanese stocks may fall below the psychological milestone of 26,000 yen once more if the selling momentum gains momentum.
Ukrainian President Oleksandr Zelensky announced on the 27th that he will hold talks with the Russian negotiating team at the Belarusian border without any preconditions. Some say that it is unclear, including the feasibility of negotiations, but it is believed that “if there is progress, it can be a source of support for the market” (Mr. Ide).
Last business day closing price Last year’s high price Last year’s low price
Nikkei 225 26476.50 30795.78 25775.64
+505.68 September 14, 2021 February 24, 2022
Chicago Nikkei Average Futures Limit 26980 (yen denominated)