Tokyo Stock Exchange Trades Higher Amid Caution over US Inflation Figures

2023-09-13 01:19:04

The Tokyo Stock Exchange was trading slightly higher on Wednesday September 13 morning, in a market dominated by investor caution before the publication of inflation figures in the United States. The flagship Nikkei index gained 0.21% to 32,845.77 points around 00:50 GMT and the broader Topix index gained 0.15% to 2,383.51 points.

The New York Stock Exchange had finished lower the day before, weighed down by technologies and waiting before the CPI index for August, expected on Wednesday and which according to economists’ forecasts should see a rebound in inflation.

Boeing suppliers are struggling

Some Japanese suppliers of Boeing saw their shares fall following the announcement on Tuesday by the American manufacturer of a slowdown in August in deliveries of its flagship aircraft, the 737: the Japanese specialist in interior fittings and sanitary facilities for aircraft Jamco lost 0.68 %, industrial conglomerate Kawasaki Heavy Industry 0.63% and carbon fiber composite materials supplier Toray 0.7%.

The yen in decline

The yen fell once morest the dollar, which was worth 147.27 yen around 00:55 GMT once morest 147.08 yen on Tuesday at 21:00 GMT. The euro also progressed once morest the Japanese currency, with one euro trading for 158.47 yen compared to 158.17 yen the day before. The European currency was also trading at 1.0760 dollars once morest 1.0754 dollars on Tuesday.

Oil prices were almost stable: around 00:45 GMT the barrel of WTI was worth 88.94 dollars (+0.11%) and that of Brent from the North Sea gained 0.05% to 92.11 dollars.

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