The stock market on the 29th may extend its gains. At the same time, reports indicate that a sense of relief may spread after the U.S. FOMC, while concerns over Alphabet's earnings are expected to influence the market.
The outlook for the stock market on the 29th points to the possibility that buying interest in the domestic market will continue. At the same time, it has been suggested that psychological relief following the FOMC decision could push up stock prices, while market participants watch developments in the U.S. market and earnings.
In today's market, the Nikkei Average was trading at 63,954.19, up 685.82 from the previous day, amid expectations that U.S. market trends will influence the direction of the Japanese market. The Dow was reported to be trading firmly at 52,475.10, up 97.53, while the Nasdaq was at 3,681.46, up 33.16. In foreign exchange markets, the U.S. dollar/Japanese yen was around ¥157.77, with the yen's weakening trend continuing.
There are also views that concerns over Alphabet's earnings could cap the market's upside, and reports indicate that the market's direction will depend on its reaction after the FOMC. Attention is focused on further developments.