[Tokyo 26th Archyde.com]–The Nikkei Stock Average is expected to rebound in today’s Tokyo stock market. The Nikkei 225 is expected to be the first to buy, centered on stocks, following the surge in Nasdaq Composite on the US stock market the day before. However, there is growing concern that strict regulations will be placed in Beijing, China due to the spread of the new coronavirus infection, and the shadow of the economic slowdown flickers.
In addition to the long holidays in Japan, there is also a mood to identify the meetings of the central banks of Japan and the United States, and it is expected that the development will be reluctant to pursue the upside.
The expected range of the Nikkei average is 26,600 yen to 26,900 yen.
The Nasdaq Composite surged in the US stock market on the 25th of the week. Buys for growth stocks swelled towards the end of the deal following Twitter agreed to buy electric vehicle (EV) giant Tesla CEO Elon Musk. Twitter rose 5.7%.
The dollar / yen pair was around 128.00 yen in the morning, and the yen has tended to appreciate slightly from 128.54 as of 3:00 pm the day before. Chicago’s Nikkei average futures June contract (yen denominated) liquidation price is 26,795 yen, which is regarding 200 yen higher than the previous day’s spot closing price. In the crude oil futures market, US WTI futures fell below $ 100 once more at the $ 98 level per barrel.
The market says, “Although crude oil prices are showing calm, there are concerns regarding a decline in demand due to the global economic slowdown. This is not a good sign” (domestic securities). In the Hong Kong / Shanghai stock market, regulations due to the spread of the new coronavirus are anaerobic and the situation is rapidly deteriorating, which tends to weigh Japanese stocks. “While there is a risk that Chinese stocks will continue to fall, it is difficult to buy aggressively in Japan because it is before the holidays,” he said.
In the main schedule, in addition to the announcement of the active job openings-to-applicants ratio (Ministry of Health, Labor and Welfare) in March, FANUC, Canon and Nomura Real Estate Holdings will announce the corporate financial results. In the United States, in addition to the Consumer Confidence Index (Conference Board) in April, Alphabet, GM, Microsoft and Texas Instruments are preparing to announce their financial results.
Previous business day closing price Year-to-date high price Year-to-date low
Nikkei 225 26590.78 29388.16 24681.74
– 514.48 January 5, 2022 March 9, 2022
Chicago Nikkei Average Futures Limit 26795 (yen denominated)
