Today’s Tokyo stock market is expected to trade weakly, with stronger expectations for a U.S. rate hike following the September CPI expected to weigh on investor sentiment.
The Nikkei 225 is expected to trade weakly in today’s Tokyo stock market, with market participants focused on assessing the morning session.
Views are spreading that expectations for consecutive U.S. rate hikes will intensify following the details of the U.S. September consumer price index (CPI) released on 14 October.
As a result, the market is said to be reacting negatively to the renewed strengthening of expectations for U.S. rate hikes, making investors more likely to adopt a cautious stance.