The Nikkei Average is expected to range from ¥61,000 to ¥65,000 next week, with developments in the US midterm elections, jobs data and Apple's earnings among the market factors in focus.
The Japanese market is expected to remain volatile next week against the backdrop of political events in the United States and earnings announcements by major companies. The US midterm elections will be held on 3 November, the ISM Manufacturing PMI, ADP employment report and ISM Services PMI will be released on the 4th, and the October jobs report will be released on the 6th. Attention will also focus on developments in long-term interest rates in Japan and the United States, as well as expectations for monetary policy in both countries.
In Japan, Kyocera, Mitsubishi Corp., Toyota Motor, Nippon Steel, Nintendo and other companies are scheduled to announce earnings next week. In the United States, Apple, Qualcomm and other companies are expected to attract investor attention with their earnings. AI- and semiconductor-related stocks may remain a market focus. MabGenesis, Allganize Holdings and LTV-X are also scheduled to conduct IPO listings next week.
The summary of the Bank of Japan's monetary policy meeting, developments in crude oil prices and foreign exchange markets, and trends in long-term interest rates could also affect market sentiment. Depending on the earnings results, individual stocks may undergo adjustments and the destinations of fund flows may change.
Key events next week include the US midterm elections, jobs data, ISM indexes, earnings announcements and IPO listings. Market participants are expected to assess these indicators and corporate earnings trends, resulting in stock selection and shifts in investor interest.