[Tokyo 20th Archyde.com]–The Nikkei Stock Average is expected to test higher on the Tokyo Stock Exchange today. Japanese stocks are likely to buy ahead, favoring the sharp rise in stock prices in the US market as concerns over excessive inflation ease. As the settlement season begins in Japan and corporate settlements in Japan and the United States continue, it is expected that the outlook for the pattern will strengthen following the purchase cycle.
The expected range of the Nikkei average is 27,000 yen to 27,500 yen.
The US stock market closed at a significantly higher price the day before. Investors worried that high inflation and the tightening of the Federal Reserve will put pressure on corporate profits, given a series of higher-than-expected corporate earnings following major banks.
“In addition to the recent calming expected inflation rate, the downward trend in gasoline prices has become clearer, and the excessive sense of caution regarding inflation has eased,” said Masahiro Ichikawa, chief market strategist at Sumitomo Mitsui DS Asset Management.
The Nikkei 225 is expected to take the lead in buying in response to this trend. The fact that the stock price of Netflix, a major US video distribution service, rose 7% in following-hours trading following the announcement of financial results is also likely to support Japanese stocks.
Nidec’s financial results are scheduled to be announced, and domestic companies will also enter the financial results season. According to Mr. Ichikawa, the market said, “If we don’t have a clear view of US inflation and the economy, we can’t give strong guidance to companies. It may not be a big factor to boost stock prices.” Is done.
The Bank of Japan’s monetary policy meeting will be held until the 21st. In the United States, Tesla will announce its financial results in addition to the announcement of the number of used homes sold in June.
Previous business day closing price Year-to-date high price Year-to-date low
Nikkei average 26961.68 29388.16 24681.74
+173.21 2022/01/05 2022/03/09
Chicago Nikkei Average Futures Limit 27365 (yen denominated)
