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
Japanese stocks closed slightly lower on Thursday, as trading resumed after a holiday. Investors remained cautious after a senior Japanese currency official emphasized that the government remains vigi...
Japanese stocks have hit record highs again in recent days, driven by political optimism following Prime Minister Sanae Takaichi's landslide victory and expectations of a more aggressive economic agen...
The Nikkei closed at another record high, continuing its rally after hitting an all time high in the previous session. This increase was driven by market optimism regarding the policy direction of Jap...
Japanese stocks rose sharply in Tokyo after Prime Minister Sanae Takaichi's victory in Sunday's election fueled expectations of increased government spending. This optimism immediately lifted the Nikk...
Japanese stocks closed the week in the green after a Reuters survey signaled the Japanese economy is likely to return to growth in the fourth quarter of 2025. This optimism is supported by solid corpo...
Oil prices stabilized on Thursday (February 12th), as the market reassigned a risk premium to US-Iran tensions despite US inventory data showing swelling domestic supplies. This movement confirms one thing: geopolitical headlines are still more...
Gold prices weakened slightly on Thursday (February 12th), as more solid US employment data reduced market confidence in an imminent Federal Reserve interest rate cut. The strong employment data prompted market participants to shift expectations of...
The Hang Seng Index reversed its downward trend in Hong Kong on Thursday (February 12th), weakening by around 0.9% to around 27,000 after a strong session earlier. This decline halted the momentum of the short term rally, as investors began to...