*10:00JST next quotes in the notable 3 points:Powell Chairman congressional testimony,Softbank G earnings,US retail sales
■Tokyo Stock Market Outlook
Expected range: upper limit 24200-lower 23500 yen
Next week’s Nikkei average is,wait and see mood having everyone fit and expected to expand. 2 on the 1st week of the Nikkei Stock Average in the United States NY down to the main 3 Index record update values and stimulated in the form of significantly rebounded. However, this year the maximum on width(554.03 appreciation of the yen)to record for 6 days is a psychological milestone for 24000 yen, and 4. 63 yen and focus on the bounce that have been. More of the Dow’s rise, and 1 dollar=110 yen to the continued depreciation of the yen and external factors rise in the duration of the expected leave, the upper limit to follow is the material shortage is becoming. Been extended for the Spring Festival is the Chinese mainland in economic activity will resume from the new corona virus the effect of continued concern. 7 as of the date of,in China, and its 34 cities in the blockade and travel regulations are implemented. Initially 11 days from 13 days in and have been blockade and regulations(corporate activities)may be extended, the impact will again be on the alert this way. 10 announcement of China 1 Production those prices and China 1 on consumer prices, 12 announcement of Japan of 1 July Machine Tool Orders, 14 days for the Tokyo market over turned out after the US and 1 month in retail sales,the impact indicators of this should be monitored carefully. Schedule in next week for 11 days of public holidays across only 4 working days next week on the 17th is Washington’s birthday in the U.S. market is a 3 Day weekend that weekend, from the aggressive buying is expected to. However, a new type of coronavirus-infected individuals in Japan, it was confirmed that 1 on 15 October, and next week in almost 1 months to. The Nikkei Stock Average is 23000 yen approaching and I Increased can be confirmed, and excessive, where the fate of the next tranche of anxiety is receding. Also, 10 days be filed with the Trump of US administration by 2021 fiscal year budget proposal contents will be in the stock market to a positive work likely would.
In addition, 新型肺炎 by impact factored in, and Day 4 of the Sony<6758>Followed by 6 day Toyota this fiscal year and benefit plan has been raised. General corporate earnings are still spotty from the bright parts are out that’s for sure. In this situation, the earnings announcement is next week in the round. 10 days Toray<3402>Mitsubishi Estate<8802>On the 12th, Softbank G, business<6723>And 13 Rakuten<4755>Nissan<7201>,The<6740>And 14 click HD<6098>Toshiba<6502>In Japan, the postal<6178>The company is scheduled to be announced. 5G(the next generation communication standard)of the business is in full swing ahead of the Softbank G and Rakuten’s trends can be expected. Operations continued to clue and ransacked the quote of the deployment center and the like.
The main economy related schedule,10 days to 1 month Economy Watchers survey,12 months and 2019 international balance of payments,11 the day Tokyo market closed(Day), 12 October to 1 November Machine Tool Orders, 13 September to 1 October Domestic Corporate Goods Price Index,14 October to 12 November Tertiary Industry Activity Index,options SQ (special liquidation index), respectively scheduled. On the other hand, overseas in 10 days in China 1 Production those prices, the Chinese 1 month change in the CPI on the 11th, Powell Federal Reserve (FED)Chairman’s congressional testimony,14 November rice to 1 month retail sales as expected. In addition to this, 10 days is the US President 2021 fiscal year budget proposal to be published.
■The foreign exchange market prospects
Next week the dollar・yen is sluggish. 2 month 11 day scheduled for Powell to Federal Reserve (FED)Chairman’s congressional testimony has been the focus of attention, the novelty of the virus in the U.S. economy to consider the impact of economic prospects and the rate hike about the careful attitude for the show may be. China new type of corona virus infection early end to the expectations of and vaccine development against the background of the U.S. stocks will rise again if risk appetite by Yen selling is predominant and it is announced next week of 1 on the Consumer Price Index and the 1 month retail sales is below market expectations, if the risk appetite by buying dollars or suppressed it.
In China, such as the new coronavirus infection of the damage is not expanding, and by 2020 China’s economic slowdown is inevitable, the perception is growing that the rise of the dollar to suppress part of the reason seems. Announced that China and the country’s trading relationships with the Asian countries economic indicators such as the impact of the case,the investor’s risk tolerance is reduced for the time being.
■Next week the attention of the schedule
2 month 10 days(Month): Day・personal loans・housing funds, the economy watchers survey, while the Consumer Price Index・Producer Price Index, Switzerland・Turkey・unemployment rate, US・budget proposal due to be released, Switzerland・Consumer Price Index, etc
2 November 11 (Tuesday): domestic stocks for the holidays closed(national Foundation day),Ying・industrial production・GDP preliminary estimates・merchandise trade balance, South Africa・unemployment rate, Powell FED the Chairman of the House Financial Committee in semiannual testimony before Congress, etc
2 on May 12 (Wed): Day・machine tool sales,NZ・New Zealand Reserve Bank (the Central Bank) is the interest rate announcement, Taiwan, Malaysia, GDP, Eurozone industrial production,US・budget balance,Powell and rice FED chair the Senate Banking Committee in Year 1 of the degree of congressional testimony, etc
2 月 13 日 (Thursday): the day・the Domestic Corporate Goods Price Index,German CPI,US・CPI core index, the International Energy Agency(IEA)monthly report, etc
2 on 14 October (Fri):German GDP, Eurozone trade balance,US retail sales and import price index・business inventories,US-China mutual tariff reductions, such as《SK》