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Stock impact report

Japan's Nikkei edges up on corporate outlook optimism [Financial Post (Toronto, Ontario, Canada)]

Mitsubishi UFJ Financial Group, Inc. (MUFG) 
Company Research Source: Financial Post
The Nikkei share average rose 0.23% to 28,241.09 by the midday break, after opening lower. The broader Topix inched up 0.05% to 1,948.16. On Friday, the S&P 500 and Nasdaq ended lower, while the Dow Jones Industrial Average gained, after a solid jobs report torpedoed recent optimism that the Federal Reserve might let up its aggressive campaign to reign in decades-high inflation. Data showed U.S. employers hired far more workers than expected in July, the 19th straight month of payrolls expansion, with the unemployment rate falling to a pre-pandemic low of 3.5%. Investors are now awaiting June U.S. consumer prices report due on Wednesday, which could see a slight pullback in headline growth, but likely a further acceleration in core inflation. “Wall Street had a mixed reaction to the payroll data so it is hard for investors to make an active bets in Japan. They are awaiting for the U.S. CPI data before making any active bets,” said Takatoshi Itoshima, strategist at Pictet Asset Man Show less Read more
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