Home » today » Business » Tokyo closes lower, investors cautious

Tokyo closes lower, investors cautious

The Nikkei star index lost 1.00% to 22,880.62 points, while the expanded Topix index fell 0.90% to 1,599.20 points.

The Tokyo Stock Exchange ended lower on Thursday, as the lack of new market events discouraged investment.

The Nikkei star index lost 1.00% to 22,880.62 points, while the expanded Topix index fell 0.90% to 1,599.20 points.

Wall Street’s close in the red on Wednesday weighed on Japanese stocks, but some investors were looking for bargains, said analyst Yoshihiro Ito of Okasan Online Securities.

“Since there is no particular reason to sell, the decline in the Nikkei is the result of short-term speculative actions,” he added in a note.

The New York Stock Exchange ended down Wednesday the day after new records, losing ground while the American Central Bank (Fed) was, in a document, shown to be particularly cautious about the health of the United States economy .

The minutes of the last meeting of the Fed’s monetary policy committee pointed out that “the uncertainty surrounding the economic outlook (remains) very high, with the trajectory of the economy heavily dependent on that of the virus” and the adoption of a new aid plan.

The White House and the elected Democrats of Congress have been discussing for several weeks new aid measures for businesses and households, as well as for local communities and schools, without reaching an agreement.

On the side of values

PANASONIC: the title of the Japanese electronic conglomerate rose 1.51% to 940 yen during the session. According to information from the business daily Nikkei on Wednesday, the Japanese are about to invest more than $ 100 million to increase the production capacity of electric batteries for Tesla vehicles at its plant in Nevada, operated with the American manufacturer of electric cars .

On the currency and oil side

The yen was stable against the dollar, with a dollar worth 106.12 yen around 07:00 GMT, as on Wednesday at 21:00 GMT.

The European currency observed the same trend against the yen, a euro worth 125.62 yen against 125.63 yen the day before.

The greenback was hardly moving against the euro either, with a euro trading for $ 1.1839 against $ 1.1838 on Wednesday at 9 p.m. GMT.

Oil prices were down slightly the day after the monthly meeting of OPEC + ministers, who on Wednesday maintained their agreement to cut production, recalling the importance of strict compliance with these commitments to rebalance the oil market. black gold suffering the impact of the health crisis.

Around 07:00 GMT the price of a barrel of US crude WTI lost 1.02% to 42.49 dollars and that of a barrel of Brent from the North Sea fell by 0.82% to 45 dollars.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.