Japanese shares rebounded on Thursday
2018-03-08 07:45 am | Resource: NEWS | No Views : 42
The Nikkei <.N225> was down 0.54 percent at 21,368, after rising 1.11 percent earlier in the day. The broader Topix index gained 0.35 percent to 1,705, although turnover was the lowest in almost two weeks.
Investors grew in shares such as Nintendo, which rose 4.1 percent, and Murata Manufacturing, which gained 2.5 percent.
The Topix growth index was up 0.56 percent, outperforming only 0.14 percent, Mitsubishi fell 0.9 percent and Mitsui & Co. fell 0.4 percent.
Japan's revised GDP data showed that the economy grew by 1.6 per cent a year, more than the initial estimate of 0.5 per cent, in the last quarter of 2017, owing to the revision of capital expenditure and upward inventory
A survey of the people's assessment of the Japanese economy unexpectedly fell in February to the lowest level in 10 months, according to survey figures from the Cabinet Office Thursday.
The current survey of economic observers fell to 48.6 in February from 49.9 in January, while economists expected the index to improve to 50.5.
Moreover, the last reading was the lowest since April of last year, at 48.5 points, and any reading above 50 indicates optimism and a score of less than 50 indicates pessimism.
The outlook index fell to 51.4 in February from 52.4 in the previous month. It was expected to drop to 51.7
Time frame Used - four hours The NASDAQ 100 is moving in a bullish direction in the near term The NASDAQ faces 100 resistance around 7154 and the NASDAQ is down to the 7000 level, trying to consolidate above this level In view of the technical indicators The RSI and the Stochastic are indicating to the arrival of indicators to start the recovery of indicators Therefore we expect that…
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