The Tokyo stock benchmark remains in the robust uptrend channel which has contained trade since October 27 last year. That channel encompasses this week’s rise to new 26-year highs. Incidentally that rise seems to have validated a channel top which, without it, might have looked a little spurious. November 9’s intraday high used to mark not only that channel top but the only foray toward it since the formation was initiated. However, January’s ...
The Nikkei 225 has powered up to 26-year highs this week and this is only the latest chapter of an astonishing run higher which began in early September. Fundamentally the Tokyo equity benchmark’s vigour is partly explained by the return of Prime Minister Shinzo Abe in October’s snap election. A better-than-expected second-quarter earnings season has also helped. Around 62% of listed companies managing to beat estimates, with heavyweights like ...
The New York Stock Exchange in 1908