To read further, please register free and login
[s2If !current_user_can(access_s2member_level1)][lwa][/s2If] [s2If current_user_can(access_s2member_level1)]

Market Update: Japanese Shares Trade Higher in Early Deals
The NIKKEI 225 added 144.5 points or 0.5% to 29086.02 on Monday, following losses of 0.7% in the previous week as investors proved optimistic on riskier assets after weaker than expected US jobs data last week eased some fears about the economy running too hot and stoking inflation. Local 10-year bond yields eased to 0.076% while US 10-year rates were at 1.567%. Sentiment was also lifted as G7 finance ministers reached a historic agreement to reform the global tax system ahead of the highly anticipated G7 leaders’ summit, backing a US proposal that calls for corporations around the world to pay at least a 15% tax on earnings. Among last weeks data, household spending in Japan surged 13% in real term yoy in April, the steepest rise since data became available in January 2001 and amid base effects from 2020’s sharp fall due to the initial impact of the COVID-19 crisis. [/s2If]
Join Our Telegram Group