* Nikkei 225 Stock Average: +121.04 (+0.7%) to 18,261.98, topped 6/21 close high of 18,240, but failed to reach 18,300 intra-day high set 2/26
* Nikkei 225 futures Osaka: +130 (+0.7%) to 18,280, Singapore (SGX) 18275, Chicago (CME) 7/6 — 18,205
* TOPIX: +12.56 (+0.7%) to 1,792.23; Advancers 1,125 x decliners 462 (unchanged 144), New highs 93 x new lows 32; second-lowest full session trading volume ytd
* Jasdaq: +0.18 (+0.2%) to 82.33
Yen weakness persists above 123.5; low trading volume ahead of BoJ rate decision meeting 7/11 – 7/12; July SQ/options expiry Friday
Browsing Posts published on July 9, 2007
nikkei 225
The Wall Street Journal reported over the weekend that Vanguard will soon offer an ETF tracking the MSCI EAFE index, to trade on the AMEX, with an expense ratio of only 0.15% — less than half the cost of Barclays Global Capital’s iShares offering.
The WSJ also notes the explosive growth at BGI, where its iShares ETFs have helped management fees grow nearly 80% y/y in ‘06 to $84 million. BGI has 60% of the U.S. ETF market based on the number of products vs. only 7% for Vanguard. [But,] BGI has 10% of the market based on assets under management, second largest.
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May machinery orders +5.9% sequential vs. consensus estimate of 2.6% and high-end estimate of 5.0%.
Nikkei 225 Stock Average up ~100 yen to ~18,240. Yen also weakening towards 123.5/US$, supporting exporter stocks. Nikkei could test ytd & multi-year intra-day and closing highs above 18,300 and 18,240, respectively.
