Arab Today, arab today nikkei falls 054 on profit taking after market\s rise concerns about us consumers
Last Updated : GMT 20:57:38
Arab Today, arab today
Arab Today, arab today

Nikkei falls 0.54% on profit taking after market\'s rise, concerns about US consumers

Arab Today, arab today

Arab Today, arab today Nikkei falls 0.54% on profit taking after market\'s rise, concerns about US consumers

Tokyo - XINHUA

Tokyo stocks lost ground Wednesday, with the benchmark Nikkei stock index dropping 0.54 percent as concerns about consumer confidence in the United States following the market's rise yesterday, saw investors look to secure profits rather than chase riskier assets higher. Local traders said that data showing that U.S. consumer confidence fell slightly in February, owing to fears about the outlook for business conditions and jobs in the near future, urged some investors to take profits following the market's closing high a day earlier and ahead of U.S. GDP data out soon and slew of marcroeconomic data, including CPI, due out from Japan Friday. The U.S.Conference Board said Tuesday that its confidence index slipped to 78.1 this month, down from 79.4 in January, with Lynn Franco, director of economic indicators at the Conference Board stating that, "Consumers believe the economy has improved, but they do not foresee it gaining considerable momentum in the months ahead." Consumer sentiment in the world's largest economy is a closely watched barometer for indications of the impact of spending on the economy, which accounts for around 70 percent of its entirety. But brokers here said that some investors were taking a broader view, and eyeing the U.S. Fed's plans to continue to taper its stimulus measures and the Bank of Japan's moves to possibly further ease its monetary policy as the nation faces a consumption tax hike from 5 to 8 percent in April and inflation goal target of 2 percent in two years. Toshikazu Horiuchi, an equity strategist at IwaiCosmo Securities Co., noted that the market's rise was prevented Wednesday, but added that its downside was firm on current moves from the central banks. He added that stocks here are not overvalued when taking into account some fairly robust corporate earnings results of late. Other analysts noted that some investors were risk adverse as the yen didn't significantly fall against its major counterparts.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today nikkei falls 054 on profit taking after market\s rise concerns about us consumers Arab Today, arab today nikkei falls 054 on profit taking after market\s rise concerns about us consumers

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today nikkei falls 054 on profit taking after market\s rise concerns about us consumers Arab Today, arab today nikkei falls 054 on profit taking after market\s rise concerns about us consumers

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%

GMT 06:20 2017 Tuesday ,16 May

Tadawul index climbs 0.6%

GMT 13:43 2017 Monday ,15 May

Oman share index declines marginally
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday