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Fri, 26th May 2017

Anirudh Sethi Report

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Archives of “Chevrolet” Tag

Nikkei 225 closes down -0.34% at 19,454.33

Softer tones again to Japanese Nikkei  225 equities 6 Jan

  • broader based Topix closed -0.2% to 1,553.32
  • USDJPY 115.81 after fdailking to holf above 166.00 again. Expect some offers res around 116.00 then 116.20 Some support/bids at 116.50 again with larger into 115.00 still

Trumps threats to tax Toyota’s car imported to US if made in Mexico caused slippage in the auto sector. At one point Toyota shares were down 3% but recovered to -1.7%. Honda fell 1.9%, Nissan 2.2%

Overnight US Market :Dow closed + 60 points.Now 58 points away to kiss 20k

Stocks climbed Wednesday as Wall Street posted a second straight day of gains in the new year and the Dow once again approached the 20,000 milestone.

The Dow Jones industrial average ended up 60 points, or 0.3%, to 19,942.16. The blue-chip index rose has come close to topping 20,000 several times in recent weeks but each time it gets near has pulled back. The Standard & Poor’s 500 index rose 0.6% and the Nasdaq composite index gained 0.9%. Both the S&P 500 and Nasdaq are near their record closing highs.

Stocks maintained their gains following the release of the minutes from the latest Federal Reserve meeting that provided clues to why policymakers raised interest rates in December for only the second time since 2006 and forecast three rate hikes in 2017 instead of the two moves previously anticipated.

Fed officials said they might have to raise interest rates faster than anticipated to prevent rapidly falling unemployment and President-elect Donald Trump’s proposed fiscal stimulus from fueling excessive inflation, according to minutes of the Fed’s December 13-14 meeting.

Benchmark U.S. crude was up 1.8% to $53.24 a barrel in New York. It lost $1.39 on Tuesday.