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3 is a Charm, Nikkei Finally Extends a Monday Rally into Weekly Gain

June 1st, 2007 · No Comments

Not too shabby here and well overdue (the third week with a Monday rally, the prior two ending flat/down) considering the strength in global equities. Profit taking next week? Likely. To what extent??

* Nikkei 225 Stock Average: +83.13 (+0.5%) to 17,958.88; 18,017 intra-high, first time to break 18,000 since 2/27 [+2.7% on the week]
* Nikkei 225 futures Osaka: +90 (+0.50%) to 17,950
* TOPIX 1st Section: +12.20 (+0.7%) to 1,767.88; Advancers 1,021 x decliners 572 (unchanged 139), new highs 115 vs. new lows 14
* JASDAQ: +0.26 (+0.32%) to 81.04
* Yen/US$: last trading around 122, a multi-month low for the yen (high for the dollar)

Tags: Market Summary

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