Dow Jones Leads Blended Nikkei 225 and ASX 200, DBS Boosts Straits Occasions
NIKKEI 225, ASX 200, STRAITS TIMES INDEX OUTLOOK:
- Nikkei 225 index rose in early hours earlier than coming off to 22,400, remaining in a rangebound
- ASX 200 index let go earlier positive factors and consolidated round 6,040
- Singapore’s Straits Occasions Index rose for a 3rd day after robust financial institution earnings
Nikkei 225 Index Outlook:
The Nikkei 225 index opened mildly larger on Thursday however failed to keep up its upward momentum. This got here in distinction to an upbeat US buying and selling session because the Dow Jones index completed 1.39% larger. Sector-wise, ten out of 11 sectors resulted in constructive territory, led by communication companies (+5.68%) and industrials (+3.82%). Defensive shopper staples (-0.50%) was underperforming.
Asia-Pacific markets as we speak are going through a string of key macroeconomic occasions. The Reserve Financial institution of India is predicted to chop charges. Thailand and Taiwan are going to launch CPI knowledge. The Philippines noticed a -16.5% y/y contraction in second-quarter GDP, a lot worse than the -9.4%…