Closing of the Tokyo Stock Exchange
The Tokyo Stock Exchange ended the trading day with an almost stable trend, highlighted by a marginal increase of 0.01% in the Nikkei index, which reached 39,372.23 points. This result reflects a climate of caution among investors, expecting significant economic data that could influence global markets.
In parallel, Topix recorded a more consistent increase of 0.29%, closing at 2,749.31 points.
Defense sector in evidence
During the day, defense sector stocks showed a particular liveliness, with companies such as Mitsubishi Heavy Industries and Kawasaki Heavy Industries recording positive performances. This trend was counteracted by a decline in utilities, highlighting a certain volatility within the market. Investors are closely monitoring economic news, in particular the estimates of inflation in the United States, expected in the month of November, which could have significant repercussions
on global financial markets.
Currency market and future prospects
The expectant mood is also reflected in the currency market, where the Japanese currency showed a slight recovery against the dollar, after reaching the threshold of 152 yen to one dollar the previous evening. Currently, the exchange rate is around 151.5 yen. This recovery could be a sign of confidence on the part of investors, but it remains to be seen how inflation data will influence future decisions. In addition, the focus is also on other economic news, such as the sales of Inditex, owner of Zara, which recorded lower than expected results in the third quarter, despite a promising start to
the holiday season.
Upcoming economic events
Today, key data on inflation in the United States are expected to be published, while tomorrow a meeting of the European Central Bank (ECB) will take place, with a possible cut in interest rates. These events could further influence markets, creating opportunities and risks for investors. In addition, recent news indicates that Zalando, the German online fashion retailer, has agreed to buy the competitor About You Holding SE for about 1.2 billion euros, an operation that could change the dynamics of the online fashion market
in Europe.