Today's stock market outlook: Range-bound trading expected, with elevated crude oil prices capping gains; rebound in U.S. AI stocks provides support

The story

The Nikkei is expected to trade in a back-and-forth range on the Tokyo stock market today, with views that elevated crude oil prices will cap gains.

AI-related stocks rebounded in the US market, and this is expected to influence activity in Japanese equities.

Overall, the article suggests that the opposing forces of high oil prices and movements in US AI stocks will have a significant impact on the Nikkei.

At a glance

Nikkei outlookThe Tokyo market is expected to trade in a back-and-forth range today

Crude oilElevated prices are expected to cap gains

US AI stocksA rebound is seen as a factor supporting the market

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