modestly lower Japanese market | Nasdaq

(RTTNews) – The Japanese stock market is slightly lower on Tuesday, extending losses from the previous session, with the Nikkei 225 remaining above the 27,600 level, following mixed signals from Wall Street overnight, with traders reserving profits after the recent winning streak ahead of the US Federal Reserve’s monetary policy decision on Wednesday. Japan has also confirmed its first case of monkeypox.

The benchmark Nikkei 225 is down 59.44 points or 0.21% at 27,639.81, after hitting a low of 27,538.39 earlier. Japanese stocks ended significantly lower on Monday.

Market heavyweight SoftBank Group gained nearly 3%, while operator Uniqlo Fast Retailing fell nearly 1%. Among car manufacturers, Honda rose 0.3% and Toyota was stable.

In technology, Advantest rose 0.1%, while Tokyo Electron and Screen Holdings fell 0.4% each. In the banking sector, Mitsubishi UFJ Financial gained almost 1%, while Mizuho Financial and Sumitomo Mitsui Financial gained 0.4% each.

Major exporters are mixed, with Sony and Mitsubishi Electric up 0.5% each, while Canon is down more than 1% and Panasonic is down almost 1%. Among the other big losers, Omron lost almost 3%.

Conversely, JGC Holdings gained nearly 4% and Inpex gained more than 3%, while Idemitsu Kosan and Hitachi Construction Machinery rose nearly 3% each.

In economic news, members of the Bank of Japan’s Monetary Policy Council agreed that the country’s economy has recovered in recent months, minutes of the central bank’s meeting on 16-17 January revealed on Tuesday. June. The bank noted that inflation stabilized around 2%, according to the minutes – mainly due to rising food and energy prices.

During the meeting, the central bank left the key rate unchanged at -0.10% as expected and reaffirmed that it will buy the necessary amount of Japanese government bonds (JGBs) without setting an upper limit so that the 10-year JGB yields remain at around zero percent.

In the currency market, the US dollar is trading in the lower range of 136 yen on Tuesday.

Stocks on Wall Street ended on a mixed note on Monday after a choppy session as investors largely remained cautious, awaiting some key earnings updates, GDP data and policy announcement. Federal Reserve currency.

Major averages ended mixed. The Dow Jones ended with a gain of 90.75 points or 0.28% at 31,990.04, and the S&P 500 ended with a gain of 5.21 points or 0.13% at 3,966.84. , while the Nasdaq ended with a loss of 51.45 points or 0.43% at 11,782.67.

European equities also delivered a mixed performance. Britain’s FTSE 100 climbed 0.41% and France’s CAC 40 gained 0.33%, while Germany’s DAX fell 0.33%.

Crude oil futures rose sharply on Monday as concerns over the outlook for energy demand eased, while dollar weakness ahead of the Fed’s next statement also supported oil prices. raw. West Texas Intermediate crude oil futures for September ended up $2.00 or 2.1% at $96.70 a barrel.

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