The Tokyo Stock Exchange starts the week up – 07/04/2022 at 02:34

The Tokyo Stock Exchange rose Monday morning, following in the footsteps of Wall Street, which concluded on Friday on the rise a sluggish week before a long three-day weekend.

The flagship Nikkei index gained 1% to 26,195.03 points around 00:30 GMT and the broader Topix index advanced 1.2% to 1,867.18 points.

The New York Stock Exchange, which experienced its worst semester since 1970 between January and June, was supported on Friday by a buying current despite the publication of figures showing that growth in manufacturing activity fell in June to its fastest pace. low since June 2020.

“The Japanese market is expected to see some ups and downs this week,” Okasan Online Securities commented in a note, saying “growing concerns about the US economy entering a recession will limit stock prices” on both sides. of the Pacific.

On the side of values

Japan Airlines (+0.39% to 2,296 yen) is considering replacing its fleet of Boeing 737 short-haul airliners with more modern and fuel-efficient aircraft, according to information from the Bloomberg agency.

JAL, which operates 45 Boeing 737s with an average age of 12.5 years, would hesitate to replace them between 737 Max and Airbus A320neo and would consider ordering 30 to 50 aircraft, according to the same source.

On the side of oil and currencies

The oil market was down: around 00:20 GMT the barrel of American WTI dropped 0.31% to 108.09 dollars and the barrel of Brent from the North Sea lost 0.32% to 111.27 dollars.

The yen rose against the dollar, at the rate of one dollar for 134.93 yen around 00:30 GMT against 135.21 yen on Friday at 21:00 GMT.

The Japanese currency was relatively stable against the euro, which was worth 140.90 yen against 140.81 yen at the end of last week.

And the euro was gaining ground against the greenback, trading for $1.0443 against $1.0414 on Friday at 9:00 p.m. GMT.


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