2023-05-11 01:08:31
By Le Figaro with AFP
Published update
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The Tokyo Stock Exchange was in slight decline Thursday, May 11 in the morning after the mixed closing the day before on Wall Street, torn between the good news of the slowdown in US inflation and the lack of progress in the debt ceiling file. public. The flagship Nikkei index lost 0.2% to 29,065.08 points around 0040 GMT and the broader Topix index lost 0.22% to 2,081.24 points.
Consumer prices in the United States rose 4.9% year on year in April, against 5% in March according to the CPI index published on Wednesday, the tenth consecutive month of deceleration in inflation in the country. Over one month, however, prices accelerated again, and price increases remained strong in housing, used cars and gasoline at the pump.
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U.S. investors have also been spurred on by the political crisis over the debt ceiling, with Democratic President Joe Biden embroiled in tough negotiations with Republicans blaming them for holding the economy together. “Held hostage”. Joe Biden must convince Republican parliamentarians to vote to raise the maximum public debt ceiling of the United States, while the opposition refuses to do so if the White House does not promise budget cuts in return.
On the side of values
Rakuten: the e-commerce and online services company Rakuten saw its stock jump 3.58% to 694 yen. According to information from the daily Nikkei, Rakuten, whose accounts have been weighed down for years by its investments to develop its own mobile telephone network in Japan, has signed a mutual access agreement with its rival KDDI, which could enable it to significantly reduce its investment costs in the future.
Panasonic: the Panasonic group (+ 2.31% to 1,327 yen) announced Wednesday results above its expectations for its financial year ended at the end of March and formulated optimistic forecasts for 2023/24, counting on an increase in its sales and on tax conditions advantageous in the United States.
On the side of currencies and oil
The yen rose against the dollar, which traded for 134.06 yen around 12:40 a.m. GMT against 134.34 yen on Wednesday at 9:00 p.m. GMT. The Japanese currency also regained ground on the euro, which was worth 147.29 yen against 147.53 yen the day before. The euro was worth 1.0986 dollars against 1.0982 dollars on Wednesday at 9:00 p.m. GMT.
The oil market was growing. Around 00:30 GMT, the barrel of American WTI gained 0.43% to 72.87 dollars and that of Brent from the North Sea advanced 0.38% to 76.70 dollars.
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