Japan’s
Topix index rose for a fourth day, following U.S. equities higher, as
investors awaited a Bank of Japan policy decision. Precision-instrument
and drug makers led the advance.
The
Topix added 0.5 percent to 1,647.03 as of 9:18 a.m. in Tokyo after
climbing 3.7 percent the previous three days. The Nikkei 225 Stock
Average rose 0.5 percent to 20,482.44. The Standard & Poor’s 500
Index advanced for a fourth day on Tuesday as weak U.S. retail sales
damped prospects for a September interest-rate increase.
Fed
Chair Yellen addresses Congress for her semi-annual monetary policy
testimony on Wednesday with traders paring rate-rise bets after a report
showed sales at U.S. retailers unexpectedly dropped in June, upending
optimism about the strength of the rebound in consumer spending in the
second quarter.
All
but two of 35 economists surveyed by Bloomberg expect the BOJ to keep
policy unchanged when it concludes its two-day meeting today. More than a
third of analysts in a separate survey said they don’t expect the
Japanese central bank to ease more in the future.
Source : Bloomberg
0 komentar :
Post a Comment