Japan’s Nikkei 225 is set to rise after the Reuters Tankan survey showed an increase in business optimism among large Japanese manufacturers.
The Reuters Tankan survey showed an increase in business optimism among large Japanese manufacturers, while confidence among non-manufacturers fell.
The Bank of Japan has also reportedly intervened in the currency market last Thursday and Friday, spending a total of 6 trillion yen over the two days, according to Reuters.Most Asia-Pacific markets were set to rise on Wednesday after the Dow Jones Industrial Average and the S&P 500 closed at record highs overnight as traders become increasingly bullish on interest rate cuts.
The Dow blue-chip index gained 1.85%, closing at 40,954.48, while the broad-based S&P 500 added 0.64% to wrap the day at 5,667.20. Thefutures pointed to a stronger open for the market after the Reuters Tankan survey showed an increase in business optimism among large Japanese manufacturers. The manufacturing index was at +11, up from +6 in the previous month. However, confidence among non-manufacturers dipped from +31 to +27.
The Nikkei's futures contract in Chicago stood at 41,600 and its counterpart in Osaka at 41,500 compared to the previous close of 41,275.08.The Japanese authorities likely intervened in the currency market last Thursday and Friday, spending a total of 6 trillion yen over the two days,is currently at 158.3 against the U.S. dollar. The currency weakened to 161.82 last Wednesday before strengthening to as much as 157.41 the following day.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asia-Pacific markets set to mostly rise after Dow and S&P 500 notch all-time highsJapan’s Nikkei 225 is set to rise after the Reuters Tankan survey showed an increase in business optimism among large Japanese manufacturers.
Read more »
Asia-Pacific markets rebound after S&P 500 hits new highs; Australia rate decision on tapThe RBA is expected to hold rates at 4.35%, but investors will be watching the language used in the monetary policy statement.
Read more »
Asia-Pacific markets higher after S&P 500, Nasdaq close at all-time highTraders in Asia will also look toward Australia's consumer sentiment and business confidence data due later in the day.
Read more »
Asia-Pacific markets set to climb after S&P 500, Nasdaq close at all-timeTraders in Asia will also look toward Australia's consumer sentiment and business confidence data due later in the day.
Read more »
Barry Bonds becomes the 1st player to hit 500 home runs and steal 500 basesThis Date in Baseball, June 23 - Barry Bonds becomes the 1st player to hit 500 home runs and steal 500 bases
Read more »
Barry Bonds becomes first player in MLB history to have 500 homers and 500 stealsToday in Sports, June 23 - Barry Bonds becomes first player in MLB history to have 500 homers and 500 steals
Read more »