“Tokyo Stock Exchange gains slightly as tech giants’ results approach”

2023-04-24 00:48:03

Tokyo (awp / afp) – The Tokyo Stock Exchange was up slightly on Monday morning, mirroring Wall Street’s weak progress on Friday before the results announcements from the American tech giants and a decision from the Central Bank (Fed).

The Nikkei index of 225 star stocks gained 0.27% to 28,641.97 points around 00:35 GMT and the broader Topix index rose 0.3% to 2,041.09 points.

The New York Stock Exchange remained cautious on Friday in a context of nervousness before the announcements planned this week for the results of Microsoft, Alphabet, Meta or Amazon.

On the side of values

ANA: the first Japanese company ANA Holdings (+ 3.03% to 2,937.5 yen) on Friday raised its annual forecast for net and operating profits thanks to the resumption of business and tourist travel to Japan following the reopening Japanese borders, as well as lower fuel costs than previously estimated and the rise of the yen.

For its entire financial year ended March 31, the company, which is due to announce its results on Thursday, now expects a net profit of 89 billion yen (604 million euros) once morest 60 billion yen until here, and an operating profit of 120 billion yen compared to 95 billion yen previously. Its sales forecast is unchanged at 1.710 billion yen.

On the side of currencies and oil

The yen appreciated once morest the dollar, which was worth 134.01 yen around 0035 GMT once morest 134.16 yen on Friday at 2100 GMT.

The Japanese currency also strengthened once morest the euro, which was trading for 147.24 yen once morest 147.38 yen at the end of last week.

The euro was stable at $1.0987 once morest $1.0986 on Friday.

The oil market fell: around 00:25 GMT the barrel of American WTI yielded 0.45% to 77.52 dollars and the barrel of Brent from the North Sea lost 0.39% to 81.34 dollars.

mac/lpa

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