Market activity next week will be closely watched as monetary policy events in Japan, the U.S. and Europe, the U.S. core PCE price index and domestic and overseas earnings announcements gather pace.
U.S. equities fell last week, with higher oil prices putting selling pressure on economically sensitive stocks, but monetary policy events in Japan, the U.S. and Europe will be concentrated next week. In the U.S., the trend in the core PCE price index will be closely watched, while attention will also be paid to the outcomes of meetings of the Bank of Japan, the ECB and the FOMC.
In Japan, earnings announcements from major semiconductor and materials companies, including Shin-Etsu Chemical, Advantest, Renesas Electronics, Ibiden and Tokyo Electron, are scheduled to gather pace, and their results are likely to attract significant market attention.
Market participants expect stock-specific buying to intensify depending on the earnings results, while movements in AI-related and semiconductor stocks could influence the market as a whole.
FANUC has raised its full-year forecast, and orders in the July-September quarter also increased from the previous quarter. Developments surrounding the U.S. midterm elections will also be a focus next week.