Japanese equities see flat moves
Japanese stock market saw flat moves amid tepid economic cues today. The trade fuelled rally gave up and Asian indices turned lower too. The benchmark Nikkei 225 index ended flat after hitting three-month high earlier this week. Some upside was seen in sectors like in the Real Estate, and Banking but overall, it was a tepid outing for Japanese stocks. Japans economy contracted 0.2% quarter-on-quarter in Q1 2025, reversing a 0.6% gain in Q4. On an annualized basis, GDP fell 0.7%, marking the first yearly fall in a year. Net trade was the biggest drag, subtracting 0.8 percentage points, as exports fell 0.6% and imports jumped 2.9%. Private consumption, which makes up over half of the economy, was flat, while government spending also stagnated after three consecutive quarters of growth. Japan's industrial production rose 0.2% in March 2025. This marked a softening after a 2.3% gain in February. On a yearly basis, output increased 1.0%, the third consecutive annual rise.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
United News of India
an hour ago
- United News of India
Sensex Zooms by 1,046.30 points
Mumbai, Jun 20 (UNI) Snapping three consecutive sessions of losses, the BSE Sensex on Friday surged by 1,0436 points to close at 82,408.17. Today's surge is seen as the result of gains in Asian markets and renewed foreign fund inflow, a trader explained. Markets sentiments turned bullish after the US President Donald Trump announced that he will decide in the next two weeks whether or not to get involved in the Iran-Israel conflict. This announcement eased crude oil prices improving investor sentiments, the trader added. National Stock Exchange (NSE) too advanced by 319.15 points to settle at 25,112.40. The Sensex opened marginally lower at 81,354,85 against its previous close of 81,361.87 .66 Sensex recorded an intra day high of 82,641.54 and low of 81,323.20. The NSE registered a day's high at 25,132.80 and a day's low at 24,738.10 Mid-cap rose by 1.20 pc and the Small-cap advanced by 0.22 pc. The market breadth stayed strong on Friday. The BSE witnessed 2,469 shares rising and 1,471 shares falling. A total of 151 shares remained unchanged. All Sectoral indices ended the Session in green with Telecom being the Top Sectoral gainer up by 2.73 pc Other Sectoral gainer were Commodities by 0.54 pc. Energy By 0.99 pc, FMCG by 0.52 pc, Financial by 1.35 pc, Health Care by 0.78 pc, Industrial by 1.21 pc, IT by 0.65 pc, Utilities by 1.62 pc, Auto by 0.84 pc, Bankex by 1.15 pc, Capital Goods by 1.17 pc, Consumer Durables by 0.84 pc, Metals by 1.10 pc, Oil & Gas bty 0.61 pc, Power by 1,46 pc , Realty by 2.22 pc and Teck by 1.42 pc Among the 30 scrips, 27 advanced while 3 declined. Notable gainers were Bharti Airtel by 3.17 pc to Rs 1,935.00, Nestle India by 2.98 pc to Rs 2,388.20, M&M by 2.86 pc to Rs 3,180.20, Power Grid by 2.18 pc to Rs 292.55, Reliance by 2.16 pc to Rs 1,462.65, NTPC by 1.70 to RS 33.35 and Eternal by 1.60 pc to Rs 253.40. The losers were Axis Bnak by 0.16 pc to Rs 1,215.00, Ultra tech by 0.07 pc to Rs 11,399.70 and Maruti by 0.02 pc to Rs 12,803.00. US Dow Jones futures were up by 0.56 pc, European shares advanced on Friday, FTSE by 0.47 pc, CAC by 0.58 pc and DAX by 0.95 pc Most Asian markets ended higher as investors assessed China data and monitored escalating tensions between Israel and Iran. Nikkei was 225 down by 0.22 pc, Straits Times rose by 0.28 pc, Hang Seng advanced by 1.24 pc and Kospi by 1.46 pc. UNI JS RKM
Economic Times
3 hours ago
- Economic Times
US stocks open higher with Trump's Middle East decision in focus
U.S. stocks are drifting higher on Friday in their return to trading following the Juneteenth holiday. ADVERTISEMENT The S&P 500 was up 0.4% in early trading and adding to its modest gain for the week. The Dow Jones Industrial Average was up 162 points, or 0.4%, as of 9:35 am. Eastern time, and the Nasdaq composite was 0.6% higher. Treasury yields were also edging higher in the bond market after President Donald Trump said he will decide within two weeks whether the U.S. military will get directly involved in Israel's fighting with Iran. The window offers the possibility of a negotiated settlement over Iran's nuclear program that could avoid increased fighting. The conflict has sent oil prices yo-yoing because of rising and ebbing fears that it could disrupt the global flow of crude. Iran is a major producer of oil and also sits on the narrow Strait of Hormuz, through which much of the world's crude passes. On Wall Street, Kroger jumped 6.8% to help lead the market after the grocer reported a better profit for the latest quarter than Wall Street had forecast. It also raised its forecast for an underlying measure of revenue for the full year. Chief Financial Officer David Kennerley said it's seeing positive momentum, but it's still seeing an uncertain overall economic environment. CarMax rose 4.6% after the auto dealer reported a stronger profit for the latest quarter than analysts expected. The company said it sold nearly 6% more used autos during the quarter than it did a year earlier. ADVERTISEMENT On the losing end of Wall Street was Smith & Wesson Brands, the maker of guns. It tumbled 15.3% after reporting profit and revenue for the latest quarter that fell just shy of analysts' Financial Officer Deana McPherson said 'persistent inflation, high interest rates, and uncertainty caused by tariff concerns' have been hurting sales for firearms, and the company expects demand in its upcoming fiscal year to be similar to this past year's, depending on how inflation and Trump's tariffs play out. ADVERTISEMENT A spate of companies has been adjusting or even withdrawing their financial forecasts for the year because of all the uncertainty that tariffs are creating for their customers and for their suppliers. Everyone is waiting to see how big the tariffs will ultimately not just corporate America. The Federal Reserve has been keeping its main interest rate on hold this year, with its latest such decision coming earlier this week, because it's waiting to see exactly by how much tariffs will grind down on the economy and push up inflation. ADVERTISEMENT In the bond market, Treasury yields edged higher. The yield on the 10-year Treasury rose to 4.41% from 4.38% late Wednesday. The two-year yield, which more closely tracks expectations for what the Fed will do, was holding at 3.94%.In stock markets abroad, indexes rose across much of Europe after finishing mixed in Asia. ADVERTISEMENT Tokyo's Nikkei 225 index edged 0.2% lower after Japan reported that its core inflation rate, excluding volatile food prices, rose to 3.7% in May, adding to challenges for Prime Minister Shigeru Ishiba's government and the central bank. (You can now subscribe to our ETMarkets WhatsApp channel)
The Hindu
3 hours ago
- The Hindu
Stock indices gain 1.3%, mirroring Asian markets
Benchmark stock indices broke their three-day losing streak and gained 1.3%, buoyed by robust Asian market performance and advancing U.S. futures. Despite opening marginally lower, the indices swiftly moved upwards and sustained momentum throughout the trading session. The S&P BSE Sensex closed at 82,408 points, up 1,046 points, or 1.29%, led by gains in heavy height stocks. Bharti Airtel gained 3.27%, M&M and PowerGrid gained 2.93% and 2.38%, respectively while Reliance and Nestle surged 2.16% and 1.97% respectively. The NSE Nifty-50 index, too, gained 319% or 1.29% to close at 25,112 points. 'Market sentiment experienced a pronounced bullish shift following President Donald Trump's announcement that he would determine within the forthcoming two weeks whether the United States would intervene in the Iran-Israel conflict. This geopolitical development provided the catalyst for renewed investor confidence,' said Devarsh Vakil, head of Prime Research, HDFC Securities. 'The return of optimistic sentiment to Dalal Street manifested in a comprehensive buying surge, as bulls initiated broad-based accumulation across sectors. This renewed appetite for risk assets propelled both flagship equity benchmarks — the Nifty 50 and Sensex — to rally in excess of 1% during Friday's trading session, underscoring the market's renewed vigour and investor conviction,' he added. Nifty Midcap 100 Index gained by 1.46%, while the Nifty Smallcap 100 Index rose over 1%. Market breadth turned positive after seven days, with advancing stocks sharply outpacing declining ones, as indicated by a BSE advance-decline ratio of 1.67, highest since June 9. The buying was broad-based, with all sectoral indices ending in the green. Amongst them, realty, PSU banks, metal, and auto sectors were the major outperformers, leading the charge from the front. All major sectoral indices ended in the green, indicating widespread optimism. Notable gains were seen in metal, PSU bank, realty, power, telecom, and capital goods, with each sectoral index rising between 1% and 2%.
