Defense tech and aerospace giants Northrop Grumman Corp and L3Harris Technologies led industrials higher, adding 11.4% and 9.9%, respectively. The new record high also comes as oil prices have also jumped in recent months, with Brent crude up 24% since June. That’s as top OPEC+ producers Saudi Arabia and Russia have curbed supplies.
- Interactive daily chart of Japan’s Nikkei 225 stock market index back to 1949.
- We are also frequently conducting custom data collection projects for our clients, ranging from a few hours of work to research projects occupying a full-time team of data scraping specialists.
- There are no economic indicators from the Asian region to consider on Monday.
- On the other hand, China Hongqiao Group, Orient Overseas Intl, and Chow Tai Fook Jewellery experienced decreases of 2.8%, 1.8%, and 1.2% respectively.
This is in contrast to the 0.5% year-on-year rise expected by economists polled by Reuters, but a softer fall compared with the 0.52% decline seen in August. Hong Kong’s Hang Seng index fell 1% in the final hour of trading, while China’s benchmark CSI 300 index ended 1% lower at 3,626.60. The People’s Bank of China left its one-year medium-term lending facility rate unchanged at 2.50%, as expected.
Derived Indexes
Economists polled by Reuters expect a 4.4% year-on-year the tools for forex trading expansion, down from 6.3% in the previous quarter.
The current price is updated on an hourly basis with today’s latest value. The current price of the Nikkei 225 Index as of October 13, 2023 is 32,315.99. Using this information as a benchmark, Investec analysts believe that there is significant growth potential for a London-listed stock that the market may be underestimating.
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“As risk-off sentiment has been spreading, investors have been seeking more defensive positions amid fears of conflict escalating in the Middle East. The FTSE 100 looks set to benefit from higher energy prices with oil and gas prices dipping back but remaining at elevated levels, having jumped sharply over supply concerns. The national average for a gallon of gasoline dropped to $3.628, down 12 cents from a week ago and 22 cents from a month ago, the American Automobile Association said. All sectors ended Monday in the green, led by gains in energy and industrials, which closed higher by 3.5%, and 1.6%, respectively. Oil and natural-gas prices jumped during the day, driven by Hamas’ attack on Israel and Israel’s ensuing battle against the Hamas militants, leading to concerns about the region’s oil supply.
The wholesale price index tracks prices of goods traded between corporations. Meanwhile, consumer discretionary continued its decline, making it the worst-performing sector in the S&P 500. Hong Kong experienced a shortened trading day of just two hours in the previous session due to a typhoon warning. bdswiss forex broker review Hong Kong experienced a shortened trading day of just two hours Monday after the city canceled its morning session due to a typhoon warning. Japan’s Nikkei 225 jumped over 2.4%, leading gains in the region as the country comes back from a public holiday, with the Topix also gaining 2.09%.
News Flow
Global markets are bracing for more volatility, as Israel prepares for a likely ground offensive into Gaza, and hundreds of thousands of Gazans move to the southern part of the Gaza Strip. Concerns over further escalation in the Middle East are keeping investors cautious, more than a week after Hamas’s devastating attack on Israel. The weak growth of Poland’s main trading partners and the gradual recovery of consumption point to an inevitable shrinking of the current account surplus. Poland’s WIG 20 equity index jumped as much as 4.9%, before settling 2.6% higher.
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Logistics company Orient Overseas was a rare decliner on the day, down 3.9%. Asia-Pacific markets were mixed as investors assessed the market impact of the attack on Israel by Palestinian militant group Hamas. Sectors represented in the index include technology, financials, consumer goods, materials, capital goods, transportation, and utilities. In all, the Nikkei index comprises companies from 36 different industries.
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Brent crude oil is trading over $90 per barrel this morning, up from $85 per barrel on 6th October, the day before Hamas’s attack. Fears that the Israel-Hamas war will develop into a regional conflict have pushed up energy prices over the last week. Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.
“Our sense is that the FOMC will need to see core inflation break below 4% and believe it will continue to trend downward to pause and remain on hold for a prolonged period,” Senyek wrote to clients. The reading came in below expectations of a 5.5% increase by economists polled by Reuters, and still remains above central bank’s target of 4%. On a quarter-on-quarter seasonally continuous linear optimization in pulp python adjusted basis, Singapore’s GDP grew 1%, faster than the previous quarter’s 0.1% expansion. Its weak performance was owed to output declines across all manufacturing clusters, with the exception of the transport engineering cluster. Core inflation in the Southeast Asian city-state came in at 3.4% year-on-year for the month of August, easing from July’s figures.
The hotter-than-expected US CPI Report raised bets on a Fed interest rate hike, setting the tone for the Asian session. Japan’s September inflation data is expected on Friday, which will come ahead of the country’s central bank’s monetary policy meeting on Oct. 30 and 31. Asia-Pacific markets started the week on soft footing, with stocks in Tokyo leading declines as investors look ahead to key economic data from China and Japan this week. Overnight in the U.S., all three major indexes reversed losses in the earlier part of the trading day to gain ground. The Dow Jones Industrial Average was higher by 0.59%, while the S&P 500 gained 0.63%. Bear in mind that trading ETFs in their local markets has complications.
The Nikkei is an abbreviation for the Nikkei 225 Stock Average, Japan’s leading and most respected stock index. It is a price-weighted index comprised of the top 225 blue-chip companies in Japan that are traded on the Tokyo Stock Exchange. We provide fundamental financial data on multiple markets around the world and offer unique stock index specific data subscriptions, including historical index constituents & weightings. Rio Tinto (RIO) declined by 0.88%, with Newcrest Mining (NCM) falling by 0.74% on retreating gold prices.
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BHP Group Ltd (BHP) and Fortescue Metals Group (FMG) ended the session up 0.27% and 0.77%. FOMC members Raphael Bostic and Neel Kashkari delivered speeches on Tuesday. FOMC members avoided spooking the markets, supporting an ending to the Fed monetary policy tightening cycle. Oil has climbed on concerns of supply disruptions, with Israel having temporarily closed its Tamar gasfield last week.
The average new asking price rose by 0.5% in the month to 7 October to £368,231, its data shows. However, the price of houses being sold dropped by 0.8% in the 12 months to early October, with the number of agreed house sales down by 17%. Sumitomo Mitsui Financial Group (8316) and Mitsubishi UFJ Financial Group (8306) fell by 1.53% and 2.02%. Among soft commodities, orange juice closed at a record, with November futures rising 0.17% to $3.859 per pound, posting a sixth straight week of gains. China has left its key short-term and medium-term lending rates unchanged, with the 7-day reverse repurchase rate standing at 1.8% and the one-year medium term lending facility rate at 2.5%.
The threat of other nations entering the conflict will remain a headwind. Brent Crude and WTI Crude Oil prices jumped 5.69% and 5.77%, respectively, on Friday. The company will issue 326.5 million shares priced at 12 Hong Kong dollars ($1.53) each, according to the company’s prospectus. Defense stocks surged Monday as the Israel-Hamas conflict sparked concerns of geopolitical instability, making them the broad market index’s biggest gainers as of Monday afternoon. Treasuries all rose in early trading Monday as investors sought what are perceived to be safe ports in a world of increased violence, expanding defense budgets and uncertain inflation. Japan’s benchmark Nikkei 225 surged over 2% on Tuesday, led by gains in energy and distribution stocks.