The Tokyo Stock Exchange rose Monday morning, reassured like Wall Street on Friday by the prospect of a possible deceleration in inflation in the United States.
The flagship Nikkei index gained 0.96% to 26,747.43 points around 00:45 GMT and the broader Topix index increased by 0.82% to 1,882.03 points.
The New York Stock Exchange rose at the end of last week after the publication of a medium-to-long-term inflation indicator in the United States slightly below expectations and optimistic statements from a leader of the American Federal Reserve on the economy.
Today’s Values
AN ACQUISITION PROMOTES SAPPORO: Japanese brewer Sapporo Holdings saw its price rise 2.3% to 3,015 yen, after announcing Friday its intention to acquire American craft brewer Stone Brewing for 168 million dollars. The acquisition will allow Sapporo to use Stone’s facilities to produce its own beer, thereby reducing the logistics costs associated with exporting to the US market.
On the side of oil and currencies
Oil fell Monday morning in Asia: around 00:35 GMT the American barrel of WTI dropped 1.56% to 105.94 dollars and the barrel of Brent from the North Sea lost 1.37% to 111.57 dollars.
On the currency market, the yen regained ground against the dollar, at the rate of one dollar for 134.77 yen around 12:45 a.m. GMT against 135.23 yen on Friday at 9:00 p.m. GMT.
The Japanese currency also rose against the euro, with one euro worth 142.32 yen against 142.71 yen at the end of last week.
The European currency traded for 1.0558 dollars against 1.0553 dollars on Friday.
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