The Nikkei Average is expected to extend its sharp advance in today's Tokyo stock market. The sharp fall in crude oil futures and gains in US stocks have been cited as positive factors, with expectations that the index will move toward a recovery to the ¥60,000 range.
The Nikkei Average is expected to extend its sharp advance in today's Tokyo stock market, with the sharp fall in crude oil futures and the broad gains in the 3 major indexes in the previous day's US stock market cited as positive factors. The market is therefore expected to gain upward momentum, with buying by investors likely to prevail.
Market participants are focused on movement toward a recovery to the ¥60,000 range, and developments ahead are being watched.