Feb 15, 2021
Tokyo share prices are likely to continue rising after the Nikkei index hit the 30,000 threshold Monday, a level not seen since the asset-inflated bubble economy period, as more businesses recover from the coronavirus pandemic fallout.
With major Japanese firms upgrading their earnings outlooks for the year through March, some analysts forecast the 225-issue Nikkei Stock Average will rise as high as 34,000 by the end of this year.
On Monday, the Nikkei ended up 564.08 points, or 1.91%, from Friday at 30,084.15, its highest closing since Aug. 2, 1990, when the Japanese economy was experiencing an asset bubble.
Since the pandemic pushed the Nikkei down to as low as 16,552.83 last March, the benchmark index has nearly doubled, which analysts have attributed to massive monetary easing by central banks and hefty fiscal spending by governments around the world.
(Bloomberg) Rising prospects for a robust federal spending package, coupled with a slowdown in virus infection rates, sent U.S. stocks higher for the sixth straight session. The S&P 500 Index rose 0.7% to an all-time high, spurred by fresh signs the Biden administration is committed to passing a sizable aid bill to address unemployment. An increase in vaccination numbers boosted optimism that the economy will take off later this year. Treasuries started the day lower, but mostly erased losses on speculation recent declines had gone too far with the latest economic data showing some weakness. Commodities prices pointed to renewed optimism in the global economic recovery. Brent oil advanced above $60 a barrel for the first time in more than a year, while copper climbed for a second day and iron ore prices rebounded. Bitcoin jumped to a record after Tesla Inc. bought $1.5 billion of the cryptocurrency. “As people feel safer, investors can expect the economy to experience a rebound tha
The benchmark Nikkei average closed above 29,000 for the first time in 30½ years on Monday, lifted by a continued Wall Street rally on hopes for a large-sc
Tokyo stocks rally on buying on dips and strong U.S. futures Sorry, but your browser needs Javascript to use this site. If you re not sure how to activate it, please refer to this site: https://www.enable-javascript.com/
JIJI Feb 1, 2021
Tokyo stocks bounced back sharply Monday, thanks to buying on dips and a rise in the U.S. index futures, helping the key Nikkei average reclaim 28,000.
The 225-issue Nikkei average of the Tokyo Stock Exchange gained 427.66 points, or 1.55%, to close at 28,091.05, after diving 534.03 points on Friday to close below the psychologically important 28,000 threshold for the first time since Jan. 7.