[Nikkei Stock Average TOPIX (table)]
Nikkei average; 38173.22; +119.09
TOPIX; 2738.46; +12.26
[Snuggle Overview]
The Nikkei Average on the 31st rebounded 119.09 yen to 38173.22 yen for the first time in 4 days and began trading. The US stock market continued to decline on the 30th the day before. The Dow average closed at 38111.48 dollars, which depreciated 330.06 dollars, and the Nasdaq closed at 16737.08, which fell 183.50 points. Sales, which were disgusted by Salesforce's weak financial results, became heavy, and then fell after being close. In response to the opinion of former governor Dudley of the NY Federal Reserve Bank, sales that were wary of additional interest rate hikes also strengthened in part, and continued to fall. In addition to the gross domestic product (GDP) for the January-March fiscal year being revised downward as expected, private consumption was also weak, and sales were wary of the PCE price index, which is about to be announced the next day, and the market price remained soft throughout the day. When President Williams of the NY Federal Reserve pointed out in his lecture that interest rate hikes were not his basic scenario, sales receded, the market price stopped falling, and it ended.
Buying took precedence in the Tokyo stock market today. The fact that the rise in long-term US interest rates came to an end yesterday in overseas markets supported stock prices in the Tokyo market. Also, since the Nikkei Average continued to fall by more than 800 yen for 3 days until yesterday, it was easy for long-awaited purchases to enter. Meanwhile, the fall in major indices in the US stock market yesterday weighed on stock prices in the Tokyo market. Also, since the PCE price index, which is said to be emphasized by the US Federal Reserve (Fed) as a price index, will be announced tonight in the United States, there was also a trend of refraining from aggressive purchases in order to determine this, but buying was dominant during the donation stage. Note that the complete unemployment rate (seasonally adjusted value) for April, which was announced before the start of trading, was 2.6%, which was flat compared to the previous month. The median market forecast compiled by QUICK was 2.6%. Also, the ratio of effective job offers in April (seasonally adjusted value) was 1.26 times, down 0.02 points from the previous month. The median market forecast compiled by QUICK was 1.28 times higher. As for the Tokyo Metropolitan Consumer Price Index (CPI/mid-term preliminary value) for May, which was also announced before the start of trading, the composite index excluding fresh food rose 1.9% from the same month last year. The median market forecast compiled by QUICK was up 1.9% from the same period. Also, the preliminary industrial production index (seasonally adjusted) value for April fell 0.1% from the previous month. The median private sector forecast compiled by QUICK was up 0.9% from the same period.
By sector, petroleum and coal products, real estate, electric/gas industry, precision equipment, transportation equipment, etc. are rising at a high rate of price increase, while shipping and mining industries are falling in price. Nintendo ＜7974＞, HOYA ＜7741＞, Pana HD ＜6752＞, Sony G ＜6758＞, ITOCHU ＜8001＞, Toyota ＜7203＞, ASICS ＜7936＞, Denso ＜6902＞, Daiichi Sankyo ＜4568＞, Canon ＜7751＞, Honda ＜7267＞, SoftBank G＜9984＞, MS&AD ＜8725＞, etc. have risen. Meanwhile, Kawasaki Ships ＜9107＞, Toelec ＜8035＞, TOWA ＜6315＞, screen HD ＜7735＞, DISCO ＜6146＞, Advantest ＜6857＞, Yusen ＜9101＞, Lasertech ＜6920＞, OLC ＜4661＞, Hokkaido Electric Power ＜9509＞, Socionext ＜6526＞, Odakyu ＜9007＞, etc. have declined.