Archive | October 15, 2007

Nikkei Weekly Outlook

After reviewing a Nikkei Shimbun report on what to expect this week, it seems the outlook from within is not so bullish and more of a let’s wait and see what happens with U.S. earnings and other external factors. The 17,500 level will be a psychological point of resistance for the Nikkei 225. One issue [...]

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Nikkei -0.7%, TOPIX -1.1% on Profit-taking, Broader Asia Weakness

Japan market summary for Friday (Oct. 12) Nikkei 225 Stock Average: -127.81 (-0.7%) to 17,331.17 Nikkei 225 futures Osaka: -190 (-1.1%) to 17,340, Singapore (SGX) -140 (-0.8%) to 17,350, Chicago (CME) *10/11 +120 (+0.7%) to 17,400 TOPIX: -18.04 (-1.1%) to 1,659.48; Advancers 333 x decliners 1,319 (unch. 73), New highs 33 x new lows 14; [...]

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