Today's stock outlook = weak, US tightening caution smoldering European gas concerns also weighed

[TOKYO (Archyde.com)]- Today’s Tokyo stock market is expected to weaken the Nikkei Stock Average. Employment data in the U.S. market last weekend did not cause major turbulence, but concerns over monetary tightening and an economic recession continued to smolder, and stocks fell on fears over gas supplies to Europe. will weigh on Japanese stocks. On the other hand, the weakening yen is likely to support the market.

The expected range for the Nikkei Stock Average is 27,400 yen to 27,800 yen.

Last weekend, the US stock market fell all three major indexes. The August jobs report showed that the labor market may be starting to loosen, but it fell into negative territory amid lingering fears of a US tightening and recession. Russia’s state-owned Gazprom said it had found an oil leak in a major gas turbine and said it would not resume gas supply to Europe through Nord Stream 1 until the problem was resolved.

The Nikkei average on the 5th is expected to lead to selling in the form of disgust of the US stock price decline. Mitsunari Akino, director of Ichiyoshi Asset Management, said that the U.S. employment statistics were not bad for the market. It is said that it is difficult to accept.

On the other hand, the dollar/yen pair is at the 140 yen level, and the yen’s depreciation is expected to support Japanese stocks. With the US consumer price index (CPI, 13th) next week and the US Federal Open Market Committee (FOMC, 20th-21st) scheduled next week, it is expected that the situation will continue to be difficult to move.

The US market will be closed today for Labor Day. In addition to the announcement of the new leader of the British ruling Conservative Party, a ministerial meeting of the Organization of the Petroleum Exporting Countries (OPEC) will be held. In terms of economic data, there is a release of Eurozone retail sales for July.

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 27650.84 29388.16 24681.74