2023-04-17 01:01:22
The Tokyo Stock Exchange started Monday on a hesitant note, with comfortable quarterly results from major US banks only partially offsetting contrasting US indicators, which had pulled Wall Street down on Friday.
After a slight start to the rise, the flagship Nikkei index yielded 0.11% to 28,463.23 points around 00:45 GMT while the broader Topix index floated (+0.07% to 2,020.19 points).
Retail sales in March in the United States in particular fell more sharply than expected and other American indicators published on Friday were mixed. But that shouldn’t cause the US Federal Reserve (Fed) to stop raising rates for the time being.
On the other hand, four of the largest US banks including JPMorgan Chase and Citigroup delivered strong quarterly results on Friday thanks in part to rising interest rates, and seem to have been barely affected by the turmoil of the past month. in their sector.
This in turn benefited shares of major Japanese banks on Monday morning.
On the side of values
PANASONIC: the Panasonic title gained 2.28% to 1,273.5 yen. According to the daily Nikkei, the group plans to build a third battery factory for electric vehicles in the United States, this time in Oklahoma, which would represent a new investment of several billion dollars.
Panasonic is already a major Tesla partner in batteries, and in early April the Wall Street Journal reported that it would be in talks with automakers Stellantis and BMW regarding electric collaborations in North America.
On the side of currencies and oil
The dollar was stable once morest the yen, at a rate of one dollar for 133.79 yen around 0030 GMT, as on Friday at 2100 GMT.
The European currency fell very slightly to 146.94 yen once morest 147.07 yen at the end of last week.
One euro was worth 1.0985 dollars once morest 1.0992 dollars on Friday at 9:00 p.m. GMT.
Oil prices stagnated around 00:20 GMT, both for the barrel of American WTI (+0.01% to 82.53 dollars) and for the barrel of Brent from the North Sea (+0.02% to 86.33 dollars ).
etb/jnd
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