TOKYO (Reuters) – Today’s Tokyo stock market is expected to see the Nikkei stock average struggle. With the US market closed on the previous day and lacking clues, buying is expected in anticipation of a self-sustaining rebound from the previous day’s decline. On the other hand, with the announcement of the results of the Bank of Japan’s monetary policy meeting tomorrow, it is expected that the situation will gradually increase.
The expected range for the Nikkei Stock Average is 25,700-26,000 yen.
Stock prices continued to rise in the European market on the previous day. The STOXX Europe 600 Index rose 0.5% to 454.6, the highest since April last year. With the warm winter in Europe since the end of last year, expectations are rising for an alleviation of the energy crisis triggered by Russia’s invasion of Ukraine. Sales were thin due to the rice market being closed.
The Nikkei Stock Average has fallen by more than 600 yen since the previous day, and “it wouldn’t be strange if it rose by about 100 yen due to a sense of caution against falling too low,” said Mitsunari Akino, director of Ichiyoshi Asset Management. . Rising European stock prices and a pause in the yen’s appreciation are also likely to support the market.
On the other hand, due to the lack of clues, the Bank of Japan’s monetary policy meeting is scheduled until tomorrow. Ahead of tomorrow’s announcement of the results, “There is no way to move,” said a domestic securities strategist. Thin trading is expected, and it is considered to be easily swayed by futures trends.
In China, October-December 2022 GDP, December retail sales, and industrial production will be announced. In the United States, the NY State Manufacturing Index will be announced in January, and Morgan Stanley and Goldman Sachs will announce their financial results.
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Closing price of the previous business day Highest price since last year Low price since last year
Nikkei Average 25822.32 29388.16 24681.74