TOKYO, Dec 09 (News On Japan) –
Last week, the Nikkei Stock Average prolonged its beneficial properties for 4 consecutive days from the beginning of the week, briefly surpassing the 39,600-yen mark, demonstrating regular progress.
Hiroki Takashi of Monex Securities remarked, “The primary driver has been U.S. stocks. Major indices have been hitting record highs across the board. This surge in semiconductor stocks has also led to increased buying of Japanese semiconductor companies, which contributed to the Nikkei’s upward momentum.”
This week, the market’s consideration shifts to U.S. inflation information, a key issue influencing potential fee cuts.
Hiroki added, “On Wednesday, the 11th, the U.S. Consumer Price Index (CPI) will be released. While the growth rate is expected to remain flat, if the results align with market expectations, it would virtually guarantee a rate cut during next week’s FOMC (Federal Open Market Committee). However, if the yen strengthens against the dollar, there is a risk of some selling pressure on Japanese stocks, so caution is needed.”
Source: ANN