Nikkei 225 Stock Average: +91.25 (+0.52%) to 17,748.12 (range: 17,616 – 17,753); highest close since 2/27 — post “China-induced” global sell-off Nikkei 225 Futures (Osaka): +80 (+0.45%) to 17,750 (range: 17,620 – 17,770) TOPIX 1st Section: +12.38 (+0.71%) to 1,745.01 (range: 1,729.40 – 1,745.86); Advancers: 874 x Decliners: 710 (Unchanged: 146); 25/33 sectors posted gains [...]
Archive | May, 2007
Nikkei Trades Slightly Lower After Yesterday’s Rally
The Nikkei 225 Stock Average lost 12.99 yen to 17,656.84. It seems domestic market participants were a bit skeptical of the post-Golden Week rally, but not enough to take profits en masse. Decliners outpaced advancers 917 x 656 on the TOPIX 1st Section, with 157 unchanged. Less than half of the 33 sectors (14) posted [...]
Another Day, Another Dow Market Alert; Nikkei Has No Legs
Here it goes, The Wall Street Journal emailed me a market alert saying: The Dow industrials closed at a record high for the fifth straight trading session and have gained in 24 of the past 27 sessions, the longest stretch with just three down days since 1927. What’s the Nikkei doing after yesterday’s rally? Not [...]
Nikkei 225 Holds onto Gains, Highest Close since April 11
Welcome back from Golden Week! The Nikkei 225 Stock Average gained 2741.91, or 1.58% to 17,669.83 (range: 17,558 – 17,715). N225 futures in Osaka added 1.4% to 17,690 (range: 17,630 – 17,730). TOPIX 1st Section rose 28.81, or 1.69% to 1,733.03 (range: 1,719.70 – 1,735.75). Advancers outnumbered decliners 1,352 x 289 (87 unchanged). The 2nd [...]
U.S. Stocks Going Parabolic?
Could you repeat the question? How about if it’s likened to the Nikkei’s boom (and subsequent bust) in the 80′s? MarketWatch covers newsletter editor Dennis Gartman’s (of the Gartman Letter) warning of U.S. stocks seemingly going parabolic, as the Dow and now the S&P 500 climb higher and higher. He says, “We must remember that [...]
Bulls are Back in Tokyo? Nikkei 225 Off to Strong Start
The Nikkei 225 is up 260 yen, or 1.5% to 17,655 in morning trading. It has traded as high as 17,713. There’s plenty of reasons to be bullish, in general, following the four-day weekend. Look to the U.S. where there’s a new Dow record practically everyday and the S&P 500 hitting 1,500 again. Don’t forget [...]
Nikkei Recoups Yesterday’s Loss; Market Closed Until Monday
Really not a bad way to end the trading week ahead of a four-day weekend. The Nikkei 225 recovered most of yesterday’s losses, gaining 119.94 (+0.69%) to 17,394.92 (range: 17,227 – 17,441). TOPIX 1st Section rallied 10.97 points, or 0.65% to 1,704.22 (range: 1,686.84 – 1,707.05), reclaiming 1,700. Advancers outnumbered decliners 1,001 x 593 (132 [...]
Nikkei Down Triple Digits, Again, TOPIX Can’t Hold 1,700, JASDAQ Rallies
No surprise here. It’s not really news since the Golden Week effect continues. One more day to go and then the markets are closed until Monday. The Nikkei 225 Stock Average lost 125.43 (-0.72%) to 17,274.98 (range: 17,203 – 17,396). N225 futures in Osaka lost 0.75% to 17,280 (range: 17,210 – 17,430). TOPIX 1st Section [...]
What Does the U.S. and Japanese Consumer Have in Common?
Look at these two Bloomberg article headlines: 1. Japan’s Wages Drop, Limiting Consumer Spending Growth 2. Japanese Stocks Decline, Led by Sony, on Slower U.S. Consumer Spending
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