Tokyo stocks are expected to have a risk-off tone on the 13th, with the Nikkei Average set to fall for a fourth straight session. The previous weekend's rally in European stocks did not continue, and rising crude oil prices and declines in U.S. semiconductor stocks are expected to weigh on the market.
On the 13th, following a 3-day weekend, Tokyo stocks are expected to have a risk-off tone, with the Nikkei Average set to fall for a fourth straight session. European stocks rose broadly the previous day, while long-term interest rates were generally on a downward trend except in the United Kingdom and France, but selling pressure is expected to intensify at the Tokyo market open.
Today's outlook points to rising crude oil prices and declines in U.S. semiconductor stocks as headwinds for Japanese equities. This may limit any rebound driven by short covering and result in the market continuing its downward trend.
Developments in European markets are expected to provide directional clues, and market conditions may change depending on subsequent news and trends in economic indicators in Japan and overseas.