2023-11-06 00:55:04
Tokyo (awp/afp) – The Tokyo Stock Exchange climbed sharply on Monday in the first trades, encouraged by the latest monthly employment figures in the United States, which are in line with the soft landing of the American economy sought by the Fed.
The flagship Nikkei index gained 2.07% to 32,611.91 points around 00:40 GMT and the broader Topix index gained 1.54% to 2,358.05 points.
Job creation slowed more than expected in October in the United States, according to official figures released last Friday, and the unemployment rate in the country increased slightly.
This slowdown in the labor market is good news for investors, who hope that this context will encourage the American Federal Reserve (Fed) to stop its cycle of monetary tightening.
Automotive and semiconductor fit
All Japanese car manufacturers were doing very well on the stock market Monday morning: Toyota notably gained 3.33% around 00:40 GMT, Honda 2%, Nissan 1.87% and Suzuki 2.76%.
Japanese players in the semiconductor sector were also popular with investors: Renesas soared 6.81%, Advantest jumped 5.72% and Tokyo Electron gained 2.49%.
Oil rises
Black gold prices rebounded somewhat after falling at the end of last week, as Russia and Saudi Arabia reaffirmed that they would maintain their planned production cuts until the end of the year.
Around 00:30 GMT the barrel of American WTI regained 0.78% to 81.14 dollars and the barrel of Brent from the North Sea advanced 0.55% to 85.36 dollars.
On the foreign exchange market, the dollar rose slightly against the yen (+0.15% to 149.60 yen around 00:30 GMT) but therefore remained below the symbolic bar of 150 yen, below which it fell again on Friday against the backdrop of a accumulation of signs of slowdown in the American economy, including the latest monthly employment report.
The euro was worth 160.43 yen, an almost stable rate (+0.08%), and was trading for 1.0727 dollars (-0.03%).
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