16954
Tokyo Investors Look to Economy
World Economy

Tokyo Investors Look to Economy

Japanese growth data and a central bank meeting will be in focus for Tokyo investors next week, as the country wraps up its latest earnings season.
Kicking off the week, machinery orders — a leading indicator of capital spending — will be released Monday while January-March gross domestic product figures are due Wednesday, after Japan limped out of a brief recession in the last three months of 2014, NewsNow reported.
The Bank of Japan (BoJ) is also holding a two-day meeting with governor Haruhiko Kuroda slated to meet the press on Friday as investors look for more clues about another round of expansion to the BoJ’s monetary easing plan.
Speculation has been rising that a weak economy including tepid inflation would force policymakers to further ease policy, with the latest data showing consumer confidence remained weak in April.
“The focus of the Tokyo market is likely to move to economic fundamentals from corporate earnings,” Daiwa Securities said in a note. “January-March GDP to be released on Wednesday will likely provide a key focus,” it added.
On Friday, the Nikkei 225 stock index at the Tokyo Stock Exchange rose 0.83 percent or 162.68 points to finish at 19,732.92, for a weekly gain of 1.82 percent.
The Topix index of all first-section shares climbed 0.98 percent, or 15.62 points, to 1,607.11. It rose 1.21 percent over the week.
The rise came as Japan finishes a relatively upbeat reporting season and after Wall Street supplied a strong lead, with the broad-based S&P 500 bolting to a fresh record-high close Thursday, led by strong gains in Apple, Facebook and other technology stocks.
It rose 1.08 percent to end at 2,121.10. The Dow gained 1.06 percent and the Nasdaq jumped 1.39 percent.
 

 

Short URL : http://goo.gl/zGIrXT

You can also read ...

Debt to GDP ratios across the OECD averaged 73% last year and its members are set to borrow $14.67 trillion from the markets this year.
The world economy is at risk from a rising tide of government...
US has accused ABLV of money laundering and breaching  sanctions on North Korea.
The European Central Bank said Saturday it has determined that...
S&P Ups Russia to Investment Grade
Russia received a long-awaited upgrade to its sovereign rating...
China’s Geely Buys $9 Billion Daimler Stake
The founder of Zhejiang Geely Holding Group Co. has...
Mexico Hosts 39 Million Tourists, Earns $21 Billion
Mexico saw record revenues from international tourism in 2017...
Thorny issues such as content rules for  cars remain unsolved.
It’s looking increasingly likely Nafta talks will extend...
Peru Deficit Narrows
Peru had a current account deficit of 1.3% of the gross...
Manafort Indictment Spells Trouble for Bankers
Recently filed federal charges against President Donald Trump’...

Trending

Googleplus