Monday 9/10 Tokyo trading recap:
* Nikkei 225 Stock Average: -357.19 (-2.2%) to 15,764.97, lowest levels in three weeks
* Nikkei 225 futures Osaka: -360 (-2.2%) to 15,740, Singapore (SGX) -335 (-2.1%) to 15,755, Chicago (CME) *9/7 — -295 (-1.8%) to 15,805
* TOPIX: -31.80 (-2.0%) to 1,525.22; Advancers 201 x decliners 1,457 (unch. 67), New highs 7 x new lows 358, 31/33 sectors posted losses
* Jasdaq: -28.90 (-1.5%) to 1,853.30
* Q2 GDP downward revised to -1.2% (annualized), worse than economists’ average estimate of -0.7%, compared to a preliminary reading of +0.5% — blame a revised -4.8% reading for capex vs. initial estimate of +4.9%; chance of BOJ rate hike on Sept. 19 is now 0%; yen rose 1.5% against US$ (last around 113.4 - 133.5 range) following yen strength from Friday’s disappointing employment data and stock selling
2 responses so far ↓
1 F-Trader // Sep 11, 2007 at 11:15 am
Hi,
I’m an index futures daytrader of the American markets but would really like to get into trading the Nikkei. Do you know if common indicators offered by the NYSE and NASDAQ in the US like TICK, TRIN, etc. also exist for the Japanese markets? Please feel free to comment on my blog. Great site!
F.
2 Daily J » Blog Archive » Surprising Surge in Machinery Orders Saves the Day // Sep 11, 2007 at 8:24 pm
[…] Orders had fallen 10.4% in June. The bullish reading lessens some concerns after Monday’s Q2 GDP downward revision. The Nikkei was down in early trading, by more than 150 points, despite the machinery orders data. […]
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