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The Nikkei average starts 220 yen higher, with Sanrio and Nomura among the risers.
[Nikkei Stock Average and TOPIX (Table)] The Nikkei average; 38274.22; +220.55 TOPIX; 2656.14; +11.88 [Opening Overview] On the 5th, the Nikkei average started trading with a rebound of 220.55 yen to 38274.22 yen for the first time in 3 days. The Tokyo market rebounded from the 3-day weekend, following a rise in the US stock market at the end of the previous week with the Dow increasing by 288.73 points and the Nasdaq by 144.77 points. Despite the increase in long-term interest rates, expectations of rate cuts following employment statistics and favorable corporate earnings supported stocks.
Earnings Preview: Kubota (ADR) to Report Financial Results on November 08
$Kubota (ADR)(KUBTY.US)$ is scheduled to release its financial results on November 08 ET. Earnings PreviewAnalysts estimate $Kubota (ADR)(KUBTY.US)$ to post revenue of JPY730.42B for 2024Q3, down 1.05
The AHM AX-15 Mini Excavator, When High Performance and Affordability Come Hand In Hand
Three key points to watch in the morning session ~ The earnings exceeding expectations of US large-cap tech stocks is a supportive factor ~
In the morning session of the 30th, we want to focus on the following three points: ■ Earnings that exceed expectations for large US tech stocks are supportive factors ■ Chubu Electric Power, 2Q operating profit decreased by 41.9% to 142.7 billion yen, upward revision of 25/3 operating profit ■ Focus points for the morning session: Nisshin Tools, ultra-hard cutting tools for stainless steel, introduction of strategic products with double lifespan ■ Earnings that exceed expectations for large US tech stocks are supportive factors. The Japanese stock market on the 30th is likely to develop into a market where buying predominates in a stalemate. On the 29th, the market in the USA saw the Dow Jones Industrial Average rise by 154 points.
Agriculture Display Market Analysis and Forecast 2024-2033, Featuring AGCO, Topcon, Hexagon, Kubota, CLAAS, TeeJet Technologies, Kingtech, 3Rtablet, Kristel Displays and STX Technology Australia - ResearchAndMarkets.com
Toyo Chizu Kogyo, Yamaha Hatsudensho, etc. [List of stock information from newspapers]
Toyowa Industries Co., Ltd. <6203> quadrupled its firearm production in the fiscal year 25, contributing to defense force development (Nikkan Kogyo front page) - ○ Nidec Corporation Sponsored ADR <6594> reorganizes its automobile component business to maximize group synergy (Nikkan Kogyo front page) - ○ Yamaha Motor Co., Ltd. <7272> achieves profitability in its printing leasing business, a first for the full year (Nikkan Kogyo page 3) - ○ Osaka Gas Co., Ltd. <9532> initiates an AI-based estimation of material moisture content, starting system verification (Nikkan Kogyo page 3) - ○ Kubota Corporation <6326> sells its railroad components business in India, focusing on agricultural machinery and construction machinery (Nikkan Kogyo page 3) - ○
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