[TOKYO (Reuters)]- The Tokyo stock market today is expected to have a stronger Nikkei Stock Average. In the US market, it is expected that the stock market will continue to rise due to the speculation about a “twisted Congress” due to the mid-term elections. Although the psychological milestone of 28,000 yen is in sight, after the buying round ends, it seems that it will be difficult to deal with before the release of the US consumer price index (CPI) on the 10th.
The expected range for the Nikkei average is 27,700 yen to 28,100 yen.
The US stock market closed higher. As the mid-term parliamentary elections were voted in, the market was buoyed by the prospect of political deadlock preventing major policy changes. If the Republican Party becomes the majority party in the US mid-term elections and the president’s political party becomes a twisted Congress, it will become difficult to raise large-scale spending that can lead to inflation, and tax increases are assumed to be positive for stock prices.
The Nikkei Stock Average is expected to continue rising on a favorable impression of the rise in US stocks. The day before, stocks sensitive to the economy performed well and the stock price was bought. “If the same trend continues today, there may be a 28,000-yen bid,” said Masahiro Ichikawa, chief market strategist at Sumitomo Mitsui DS Asset Management when asked how to see
Although the position of the mid-term elections is expected to arrive in Tokyo time, there is also a voice that “it is being considered to some extent, and unless there is a big surprise, there will not be any big price movements” (domestic securities strategist) . On the other hand, there is a high level of interest in the CPI as the future of US interest rate hikes. It is also aware that it is difficult to handle, and selling for profit is believed to be likely to occur near the psychological milestone of 28,000 yen.
Today in Japan, the balance of payments for September and the economic survey for October are published. Honda, Nissan Motor, Kubota, etc. are due to announce financial results.
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 27872.11 29388.16 24681.74
+344.47 2022/01/05 2022/03/09
Chicago Nikkei Stock Average Futures 27880 (nominal yen)