The Nikkei 225 around 19–23 is expected to see buying accompanied by a technical rebound, while oil prices are expected to test the upside amid supply concerns. The runoff in Brazil’s presidential election is expected to be held on the 25th.
The Nikkei 225 is likely to test a rebound on 19–23, with a technical rebound expected from significantly adjusted levels and buying anticipated on the back of earnings results.
In the oil market, prices may test the upside as supply concerns intensify, and some expect them to rise above $100 again.
Brazil is scheduled to hold a runoff in its presidential election on the 25th. The contest between incumbent President Lula and Senator Bolsonaro is expected to affect global food security and resource policy.