2023-11-27 00:55:05
Tokyo (awp/afp) – The Tokyo Stock Exchange began the week on a bullish note on Monday in the wake of the progression of the Dow Jones on Wall Street, investors in Japan also showing themselves reassured by the solidity of consumption in the United States .
The flagship Nikkei index gained 0.25% to 33,710.54 points around 00:45 GMT and the broader Topix index gained 0.21% to 2,395.85 points.
The day of “Black Friday”, the annual shopping holiday, this year saw a record online sales in the United States, which reached 9.8 billion dollars (+7.5% over one year) according to the specialist of e-commerce Adobe Analytics.
“Many Japanese investors feared that American consumption would collapse at the end of the year”, but if it remains strong this might lead to “relief buying” on the Japanese market, commented Shoji Hirakawa of Tokai Tokyo Research Institute, cited by the Bloomberg agency.
The yen falls
The yen fell once morest the dollar, which was worth 149.65 yen around 00:45 GMT once morest 149.44 yen on Friday at 9:00 p.m. GMT.
The euro was trading for 163.57 yen compared to 163.48 yen at the end of last week, and was almost stable once morest the greenback, at a rate of one euro for 1.0931 dollars (-0.08%).
The oil market started to rise once more on Monday morning in Asia, following falling at the end of last week following the postponement of a ministerial meeting of the OPEC+ group.
Around 00:40 GMT the barrel of American WTI regained 0.16% to 75.66 dollars and that of Brent from the North Sea regained 0.21% to 80.75 dollars.
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