The Tokyo Stock Exchange started in the green on Monday, encouraged by the deceleration of US inflation in April according to data published on Friday, while household consumption in the United States also slowed but less than expected.
The flagship Nikkei index gained 1.4% to 27,157.88 points around 00:35 GMT and the broader Topix index gained 1.18% to 1,909.53 points.
The New York Stock Exchange concluded its first week of increases in two months on Friday, driven by auspicious American indicators.
Consumer prices in the United States climbed 6.3% year on year in April, compared to 6.6% in March, according to the Commerce Department’s PCE index, which is the preferred measure of the United States Federal Reserve. (Fed) to judge inflation.
Affected by inflation, American households certainly slowed down their spending in April over one month (+0.9% against +1.4% in March), but analysts were expecting a greater slowdown.
On the side of values
BIG CONTRACT FOR JGC HOLDINGS: the title of the Japanese engineering group JGC Holdings jumped 3.76% to 1,792 yen. According to information from the economic daily Nikkei, the company has won a contract worth around 300 billion yen (2.2 billion euros) from the oil giant Saudi Aramco to build facilities to separate gas natural crude oil.
On the side of oil and currencies
The oil market was up slightly Monday morning in Asia. After 12:15 a.m. GMT, the price of a barrel of American WTI gained 0.43% to 115.56 dollars and that of a barrel of Brent from the North Sea gained 0.27% to 119.75 dollars.
On the foreign exchange market, the yen fell moderately against the dollar, at the rate of one dollar for 127.22 yen around 0030 GMT against 127.11 yen on Friday at 2100 GMT.
The euro/yen rate also varied little, with one euro trading for 136.53 yen against 136.46 yen at the end of last week.
The euro was almost stable against the greenback, at the rate of one euro for 1.0732 dollars against 1.0735 dollars on Friday.
etb/roc