Take Home: Tokyo investors eye earnings
Economists are bracing for release of December trade data.
TOKYO:
Tokyo investors will keep a close eye on Japanese corporate earnings next week with Nintendo, Honda and Japan Airlines among those reporting, while economic data will also be in focus. Economists are bracing for release of December trade data, which is expected to show a ballooning deficit after a record shortfall in November fuelled by Japan’s soaring energy bills. Dealers will also keep a close eye on US housing and GDP figures, as well as a Federal Reserve policy meeting to see if it announces further cuts to its stimulus programme. The yen benefited as a safe-haven currency as US shares sank, following a weak report on Chinese manufacturing activity and lackluster US corporate earnings. Banking giant HSBC said preliminary results showed manufacturing activity in China contracted sharply in January.
Published in The Express Tribune, January 26th, 2014.
Tokyo investors will keep a close eye on Japanese corporate earnings next week with Nintendo, Honda and Japan Airlines among those reporting, while economic data will also be in focus. Economists are bracing for release of December trade data, which is expected to show a ballooning deficit after a record shortfall in November fuelled by Japan’s soaring energy bills. Dealers will also keep a close eye on US housing and GDP figures, as well as a Federal Reserve policy meeting to see if it announces further cuts to its stimulus programme. The yen benefited as a safe-haven currency as US shares sank, following a weak report on Chinese manufacturing activity and lackluster US corporate earnings. Banking giant HSBC said preliminary results showed manufacturing activity in China contracted sharply in January.
Published in The Express Tribune, January 26th, 2014.