The Tokyo stock market is expected to favor risk-taking on 5 October. Against a backdrop of expectations that employment data will dampen expectations for an early rate hike in the United States, the Nikkei Average is expected to move toward the upper ¥69,000s. European stocks were broadly firm, with Germany’s DAX rebounding 1.2%.
The Tokyo stock market is expected to favor risk-taking on 5 October, with the Nikkei Stock Average expected to recover its decline from the previous week and move toward the upper ¥69,000s. Readers will be watching the Nikkei’s movements along with the key points for the next trading session.
Although overseas markets at the end of the previous week showed strong signs of correction, European stocks were generally firm, and Germany’s DAX rebounded sharply, gaining 1.2%.
Following the release of employment data, expectations are spreading that an early rate hike in the United States will become less likely, while expectations for higher interest rates in Japan are easing.
Market participants are watching upcoming US economic data and developments in European markets.