European gains should take away some of the doomsday mentality, but investors will be jittery wondering how U.S. stocks will react. There's still much selling left undone.
More Quotes from Yutaka Miura:
There's greater concern now about further U.S. interest rate increases and that will dampen the overall Japanese market. Natural resources-related shares may rise, but hi-tech and autos may fall on concern about reduced overseas demand.Yutaka Miura
We should take a step back today, given rising tensions over North Korea and the subsequent fall in New York. And after rising last week for no fundamental reason, we may be due for a fall.
Yutaka Miura
The market was encouraged by Friday's gains in U.S. stocks. Carrying over late last week's strong market sentiment, players tested higher prices.
Yutaka Miura
There are some worries about inflation in the U.S. and the possibility of further rate hikes. Because of those concerns and the slide in U.S. shares, investors in Japan will likely take some profits.
Yutaka Miura
The LDP victory came as a market booster, or at least neutral for the market. But the topside was capped by losses on Wall Street.
Yutaka Miura
There are things to watch later this week. Monthly CPI data is due on Friday and industrial output data on Wednesday.
Yutaka Miura
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