Today’s stock outlook = small movement, wait-and-see ahead of Fed chairman’s speech | Reuters

TOKYO (Archyde.com) – Today’s Tokyo stock market is expected to see a small move in the Nikkei Stock Average. The Nikkei Stock Average is expected to be offensive and defensive across the milestone of 28,000 yen. US Federal Reserve Board (FRB) Chairman Jerome Powell is scheduled to give a speech this evening, and it is likely that he will take a wait-and-see attitude as he wants to see what he has to say. The sense of caution over China’s zero corona policy is still smoldering, and the trend of Asian stocks continues to be watched.

The expected range for the Nikkei Stock Average is 27,800 yen to 28,200 yen.

Yesterday, the US stock market was mixed. The S&P 500 and Nasdaq Composite fell. Stocks such as Apple and Amazon.com fell as investors waited for a speech by Fed Chairman Jerome Powell on Thursday to get a clue about the prospects for future rate hikes.

Today’s Japanese stock market is expected to take a wait-and-see attitude as investors want to see what Chairman Powell’s speech will be. The Nikkei Stock Average is expected to move slightly, and it is likely to develop around 28,000 yen.

As for trends, high-tech stocks are expected to remain weak. Yesterday in the U.S. market, Apple fell 2% as China’s coronavirus protests were watched closely. Since some high-tech stocks make a large contribution to the index, “The Nikkei Stock Average is susceptible to declines in high-tech stocks, and is likely to weigh on the index,” said Ryuta Otsuka, a strategist at Toyo Securities. a voice is heard.

On the other hand, on the Tokyo stock market yesterday, when the Nikkei 225 fell below 28,000 yen, there was some buying on the dip. It says.

Yesterday’s Chinese and Hong Kong stock markets closed after a sharp rebound, but since the sense of caution has not yet been dispelled, attention will continue to be focused on trends in Asian stocks.

In terms of the main schedule, the October Mining and Industrial Production Bulletin (Ministry of Economy, Trade and Industry) is scheduled to be released in Japan. Overseas, in the United States, the November National Employment Report (ADP) and the mortgage/refinancing application index (American Mortgage Bankers Association) are scheduled to be announced.

Closing price of the previous business day High price since the beginning of the year Low price since the beginning of the year

Nikkei Average 28027.84 29388.16 24681.74

-134.99 2022/01/0 2022/03/0

5 9

Chicago Nikkei Stock Average Futures 27990 (yen denominated)

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