Latest news with #TapasStrickland
Yomiuri Shimbun
2 hours ago
- Business
- Yomiuri Shimbun
Japan's Nikkei Stock Average Rises Ahead of BOJ Policy Decision
TOKYO, July 31 (Reuters) – Japan's Nikkei share average gained in early trading on Thursday as market participants focused on the Bank of Japan's policy statement due later in the day for interest rate clues. The Nikkei .N225 rose 0.5% to 40,842.88 by 0058 GMT. The broader Topix .TOPX gained 0.4%. The BOJ is widely expected to keep interest rates steady at 0.5%, but investors will search for hints in the policy statement and accompanying quarterly outlook report on when the central bank is likely to resume rate hikes. The central bank's decision does not come at a specified time, but usually comes some time after 0200 GMT, with Governor Kazuo Ueda giving a press conference from 0630 GMT. Traders have firmed up bets for the BOJ to resume raising rates from as early as October since Tokyo reached a long-awaited trade agreement with Washington earlier this month, removing a degree of uncertainty from the economic outlook. 'A hike by the end of the year is becoming more priced by markets,' Tapas Strickland, head of market economics at National Australia Bank, said in a podcast. 'If that tentative trade deal with the U.S. holds, then that should provide a little bit more confidence for the economy, just given where inflationary pressures are at the moment.' On Thursday, shares of companies that benefit from a drop in copper prices outperformed, with Fujikura 5803.T and Furukawa Elecric 5801.T each rallying about 6%. Earnings also lifted some stocks, with Kyocera 6971.T jumping 8.4%, while Nissan Motor7201.T rose more than 3%. At the other end, Panasonic Holdings 6752.T slumped 3.5%, and chip-testing equipment maker Advantest 6857.T lost 2.4%, extending declines to a fourth straight session.
New Straits Times
2 hours ago
- Business
- New Straits Times
Japan's Nikkei rises ahead of BOJ policy decision
TOKYO: Japan's Nikkei share average gained in early trading on Thursday as market participants focused on the Bank of Japan's policy statement due later in the day for interest rate clues. The Nikkei rose 0.5 per cent to 40,842.88 by 0058 GMT. The broader Topix gained 0.4 per cent. The BOJ is widely expected to keep interest rates steady at 0.5 per cent, but investors will search for hints in the policy statement and accompanying quarterly outlook report on when the central bank is likely to resume rate hikes. The central bank's decision does not come at a specified time, but usually comes some time after 0200 GMT, with Governor Kazuo Ueda giving a press conference from 0630 GMT. Traders have firmed up bets for the BOJ to resume raising rates from as early as October since Tokyo reached a long-awaited trade agreement with Washington earlier this month, removing a degree of uncertainty from the economic outlook. "A hike by the end of the year is becoming more priced by markets," Tapas Strickland, head of market economics at National Australia Bank, said in a podcast. "If that tentative trade deal with the US holds, then that should provide a little bit more confidence for the economy, just given where inflationary pressures are at the moment." On Thursday, shares of companies that benefit from a drop in copper prices outperformed, with Fujikura and Furukawa Elecric each rallying about 6 per cent. Earnings also lifted some stocks, with Kyocera jumping 8.4 per cent, while Nissan Motor rose more than 3 per cent. At the other end, Panasonic Holdings slumped 3.5 per cent, and chip-testing equipment maker Advantest lost 2.4 per cent, extending declines to a fourth straight session.
Wall Street Journal
24-07-2025
- Business
- Wall Street Journal
Asian Currencies Consolidate; Risk Appetite May Buoy
0030 GMT — Asian currencies consolidate against the dollar in the morning session, but may be buoyed by risk appetite following recent U.S. trade deals with other countries. The U.S.-Japan trade deal boosts risk sentiment, NAB's Tapas Strickland says in a commentary. There are also growing expectations of a similar deal between the U.S. and EU, the head of Market Economics adds. The EU is negotiating an outline trade agreement with the Trump administration for 15% tariffs on most of its exports to the U.S. USD/KRW edges 0.1% lower to 1,373.65, while USD/TWD is 0.2% higher at 29.30, FactSet data show. (
Wall Street Journal
04-07-2025
- Business
- Wall Street Journal
Asian Currencies Consolidate Amid Mixed Signals
0046 GMT — Asian currencies consolidate against the dollar in the morning session amid mixed signals. On the one hand, the U.S. nonfarm payrolls report released overnight was much stronger than consensus, NAB's Tapas Strickland says in a commentary. On the other hand, however, pricing for Fed rate cuts was trimmed, with now 51.4bps worth of cuts for 2025 versus 65.0bps on Wednesday, the head of Market Economics says. 'As for meeting timing, a September cut is priced at 18.1bps (or 72% priced) from 29.1bps on Wednesday,' Strickland adds. USD/KRW is up 0.2% at 1,366.50, and AUD/USD is 0.1% higher to 0.6573, LSEG data show. (
ABC News
23-06-2025
- Business
- ABC News
Muted market reaction following US strikes on Iran
Head of market economics at NAB, Tapas Strickland says markets haven't reacted a lot since the US attacked Iran's nuclear facilities because its retaliation options are limited. #abcbusiness
