Table of Contents:
Performance of the Tokyo Stock Exchange
The Tokyo Stock Exchange closed the trading day with an almost stable trend, highlighted by a slight increase of 0.01% in the Nikkei index, which reached 39,372.23 points. This result, although modest, reflects a climate of caution among investors, waiting for crucial economic data that could influence global markets
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Featured sectors
During the day, Topix registered a more consistent increase, closing at 2,749.31 points with an increase of 0.29%.
Among the sectors that have shown a positive performance, defense stocks stand out, with companies such as Mitsubishi Heavy Industries and Kawasaki Heavy Industries seeing a significant increase in their prices. On the contrary, the utility sector declined, highlighting some volatility within the market
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Expectations for inflation in the United States
Investors are waiting for the estimates of inflation in the United States for the month of November, a figure that could have repercussions on global markets. The publication of this information is expected with great interest, since inflation is a key indicator for monetary policy decisions by the Federal Reserve. Higher than expected inflation could lead to a tightening of monetary policy, negatively affecting equity markets
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Currency market and yen/dollar exchange rate
The expectant mood is also reflected in the currency market, where the Japanese currency showed a slight recovery against the dollar. After hitting the 152 yen per dollar mark the previous evening, the current exchange rate stands at around 151.5. This recovery could be seen as a sign of stability, but investors remain cautious, closely monitoring economic news coming from the United States
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Inditex and sales in the third quarter
In a complex economic environment, global companies are also facing significant challenges. Recently, Inditex, owner of Zara, reported lower than expected sales in the third quarter, despite a promising start to the holiday season. This data highlights that even retail giants are not immune to market fluctuations and changes in customer consumption habits
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