Nikkei tracks Wall St higher, hopes for U.S. rate cuts lift mood

Thursday, 4 July 2019 10:31 WIB

Saham JepangIndeksTopixIndeksNikkei 225


Japan's Nikkei rose on Thursday morning, tracking gains Wall Street made on expectations the U.S. Federal Reserve would start cutting interest rates after some indicators signalled a slowdown in the economy.

The Nikkei share average was up 0.3% to 21,699.93 at the midday break. With U.S. financial markets closed for a national holiday on Thursday, trading will likely be thin, analysts said.

Data on Wednesday showed the U.S. trade deficit jumped to a five-month high in May while there was a slowdown in services sector activity in June.

The broader Topix rose 0.5% to 1,587.68. Advancing issues outnumbered declining ones 1,496 to 539.

Source : Reuters


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