The TSE Growth Market 250 Index futures are expected to remain resilient today despite caution over interest rates. U.S. stocks ended lower, while overnight trading ended at 793 points.
U.S. markets ended lower today, with the Dow down $271.86 and the Nasdaq falling 77.07 points. Concerns grew that interest rates could rise again amid higher crude oil prices and strong employment data, strengthening expectations for a September rate hike.
Against this backdrop, the TSE Growth Market 250 Index futures were expected to remain resilient today despite caution over interest rates, with the possibility of renewed interest in domestic-demand stocks and software-related stocks. While developments in Japan’s long-term interest rates require close attention, short-term funds are also expected to flow in from the stagnant Prime Market.
The TSE Growth Market 250 Index futures ended overnight trading at 793 points, down 5 points from the previous business day’s daytime close. The upside target was set at 805 points and the downside target at 785 points.
Based on these factors, some market participants reportedly expect buying on dips to gain momentum, although the specific price trajectory will depend on market conditions going forward.