Views were expressed that the Nikkei Average could update its record high at year-end. Citigroup Securities equity strategist Sakagami Ryota (阪上 亮太) discussed the possibility on a Radio NIKKEI program.
Citigroup Securities strategist Sakagami Ryota (阪上 亮太) appeared on the Radio NIKKEI program “NIKKEI切り抜きニュース,” broadcast on the 10th, and said the Nikkei Average could update its record high at year-end as fluctuations in US policy become less pronounced, supported by strong corporate earnings.
The program discussed the Democratic Party’s securing majorities in both chambers of Congress in the US midterm elections, while Japanese companies expressed caution over future developments amid policy risks including high tariffs.
The program presented views that overall stock market conditions would stabilize against a backdrop of greater stability in US policy management, and reported that improvements in corporate earnings and expectations for the economic outlook would influence the Nikkei Average.
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