Heightened tensions in the Middle East have focused attention in financial markets this week on concerns over crude oil supplies and market trends. The Nikkei Average is expected to trade around ¥65,000.
Financial markets this week are expected to focus on escalating tensions in the Middle East and movements in crude oil prices. Market participants are said to be monitoring the stability of crude oil supplies while also keeping a close watch on developments in the foreign exchange and bond markets.
The Nikkei Average, an average of 20,250 stocks, is expected to trade around ¥65,000, according to some views. As a result, sentiment in the equity market could move depending on developments in the Middle East.
In the foreign exchange market, the yen is expected to trade in a range of ¥155–¥159 to the dollar, while the yield on newly issued 10-year government bonds is reportedly expected to move in the 2.9% range.
Developments in the Middle East and the resulting movements in crude oil prices are expected to remain the focus of market trends, with market participants continuing to monitor the responses across markets.