Japan's equities rose on Friday after data showed inflation in July eased, reinforcing expectations for a potential Bank of Japan rate hike in the coming months.
The Nikkei opened slightly higher by 19.64 points to 42,629.81.
Japan's inflation in July eased, with the core CPI, which does not count fresh food items, up 3.1% over the same month in the previous year after a 3.3% gain in June, data by Statistics of Japan showed on Friday.
Including all items, the reading also moderated to 3.1% compared to 3.3% in June, and marked the lowest since November 2024.
Elsewhere, US stocks and bonds fell as traders pared back wagers on imminent Federal Reserve interest-rate cuts, a move prompted by signs of strength in the US economy.
This shift occurred as central bankers and economists gathered for the Fed's symposium in Jackson Hole, Wyoming, ahead of Chair Jerome Powell's highly anticipated speech on Friday.
Source: MTN newswires
The Nikkei 225 index closed up 4.8% to 47,944.76 on Monday (October 6), posting its biggest daily surge since April. The rise was led by heavy industry and electronics stocks, which benefited from exp...
Japanese stocks surged nearly 3% in early trading Monday after pro-stimulus politician Sanae Takaichi won the Liberal Democratic Party leadership election. This victory paves the way for Takaichi to b...
The Nikkei 225 jumped 1.85% to close at 45,769, while the broader Topix rose 1.35% to 3,129 on Friday, with the Nikkei finishing at a fresh record as enthusiasm for artificial intelligence drove Japan...
Japanese stocks are expected to move higher on Friday, following Wall Street's record-breaking rally, fueled by OpenAI's latest funding and eye-catching valuations. Nikkei futures on SGX rose 35 point...
The Nikkei 225 Index climbed 0.87% to close at 44,937 on Thursday, snapping a four-day losing streak and tracking strong gains on Wall Street, with chip-related stocks driving the rebound. Despite co...
Gold surged past $3,900 per ounce for the first time on Monday (October 6th). This surge occurred as investors sought a safe haven amid the weakening Japanese yen and the US government shutdown. The uncertain situation has made gold once again...
European stocks moved steadily at the start of the week, while the French CAC 40 index fell 0.7%. This decline occurred after President Emmanuel Macron appointed a new cabinet that remained largely unchanged. This decision drew strong criticism...
The Nikkei 225 index closed up 4.8% to 47,944.76 on Monday (October 6), posting its biggest daily surge since April. The rise was led by heavy industry and electronics stocks, which benefited from expectations of new fiscal stimulus after Sanae...
The business activity in the US service sector stagnated in September, with the Institute for Supply Management's (ISM) Services Purchasing Managers...
European stocks closed mostly higher to extend the positive momentum this week on strength in healthcare and luxury brands. The Eurozone's STOXX 50...
Wall Street's main indexes opened higher on Friday as optimism about an imminent interest-rate cut by the Federal Reserve boosted sentiment in the...
If it just seems like the first Friday of the month wasn't the same without being able to pore through the Bureau of Labor Statistics' hotly watched...