While major Japanese and US stock indices rose on the bullish and bearish factors for 11/10, rising US long-term interest rates and concerns over US-China tariffs were cited as points to watch.
The Nikkei Stock Average rose to 58775.50, recording a gain of +1340.73. The Dow Jones Industrial Average stood at 52389.75, up +1104.02, while the Nasdaq Composite rose to 25253.14, up +673.71, and the SOX Index rose to 10033.93, up +643.68. Chicago Nikkei 225 futures rose to 60935, up +1965. Active share buybacks and the Tokyo Stock Exchange's request for companies to enhance corporate value were also cited as bullish factors.
Rising US long-term interest rates were cited as a bearish factor, along with the Trump administration's tariff policies and concerns over an economic slowdown in China.
Points to watch include September household spending; the September balance of payments, including the current account; October bank lending trends, including the year-on-year change for credit unions; October lending trends for all banks; the main opinions from the Bank of Japan Monetary Policy Meeting held on 29 and 30 October; the current assessment and outlook assessment in the October Economy Watchers Survey; RECEPTIONIST's new listing on the TSE Growth market; publication of the COPOM minutes; October US CPI; China's October trade balance; speeches and dialogues by various US Federal Reserve officials; and the EU Economic and Financial Affairs Council.
《FA》Provided by Fisco