Japanese shares rebounded on Thursday
2018-03-08 07:45 am | Resource: NEWS | No Views : 239
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 bearish direction in the near term. The bears managed to control the movement of the NASDAQ 100 index to retreat to the 6590 level as it faced resistance and selling pressure around the important resistance level of 7100 which pushed it back down again. In view of the technical indicators Both the RSI and Stochastic are indicating…
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