City Tokyo Financial News

By Leika Kihara and Takahiko Wada

TOKYO (Reuters) — Japan's economy likely shrank slightly less than initially estimated in July-September, reflecting an expected upward revision in private sector capital investment, a Reuters poll showed on Tuesday.

dollar regained some ground on Tuesday and hovered near a one-week high against major peers, while bitcoin extended its momentum on optimism that U.S. regulators could soon approve exchange-traded spot bitcoin funds. The greenback rose marginally against the yen in early Asia trade to 147.23, helped by a slowdown in core consumer inflation in Tokyo that put downward pressure on the Japanese currency. The euro, meanwhile, languished near a three-week low hit on Monday and last traded $1.0840, while the dollar index stood near a more than one-week high and was last at 103.59. Analysts say the greenback's move higher was in part due to a reversal of its heavy selloff in recent weeks, which saw the dollar index falling some 3% in November, its steepest monthly decline in a year. «I think it's maybe just a little bit of a reassessment as to the U.S.

Investing.com-- Consumer inflation in Japan’s capital eased more than expected in November and came closer to the Bank of Japan’s target range as food prices eased further from highs seen earlier this year, while import costs also stabilized. 

Asian shares are mixed as investors await a slew of U.S. economic data set for release later in the week

By Makiko Yamazaki and Ritsuko Shimizu

Tata Power, GAIL, LIC, Suzlon, Eicher Motors, Hero MotoCorp, among others, will be in focus in today's trade.On Friday, the Nifty50 surged to a fresh all-time high higher-than-expected GDP data and positive interest outlook in the US.At close, the Sensex was up 492.75 points, while the Nifty added 134.70 points to end at 20,267.90.GIFT Nifty futures rose 145 points, or 0.70%, to 20,638.50, indicating a strong open for Indian markets.Asian shares started strong on Monday while gold hit another record high in a busy week for economic data that will test market wagers for early and aggressive rate cuts from major central banks next year.Hong Kong stocks opened slightly higher Monday morning following a positive lead from Wall Street, with traders keeping tabs on a court hearing over a creditor request to wind up battered developer China Evergrande.Australian shares on Monday hit their highest in 2-1/2 months, as traders found comfort in signs that the U.S. central bank was done with its monetary tightening, while investor focus was also on the Reserve Bank of Australia's policy meeting due this week.The S&P/ASX 200 index was up 1.2% at 7,157.700 points, as of 0052 GMT, hitting its highest level since Sept.

Today, markets will react to the results of four state assembly elections, where BJP has won three states. «With the results of state elections giving a big victory to BJP in three states, we expect markets to open with a gap up of at least 200-250 points on Monday. Further, the gains may be cemented and we won't be surprised to see Nifty closer to the 22,000 levels before the general elections in 2024,» said Manish Chowdhury, Head of Research, StoxBox. Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a positive start GIFT Nifty on the NSE IX traded higher by 144.5 points, or 0.71 per cent, at 20,638, signaling that Dalal Street was headed for positive start on Monday.

TOKYO (Reuters) — Toyota Motor (NYSE:TM) said on Monday it would increase its line-up of battery electric vehicles in Europe to six models by 2026 and it expected such vehicles to make up more than 20% of new car sales in the region by then.

For sure, key U.S. jobs data will test the exuberance, while Australia's central bank could reinforce a view that rates have peaked. Here's your week ahead in financial markets from Ira Iosebashvili in New York, Kevin Buckland in Tokyo, Naomi Rovnick and Marc Jones in London and Yoruk Bahceli in Amsterdam. SANTA'S BEEN Christmas has come early with global stocks posting their best monthly performance in three years in November and global investment-grade bonds returning almost 4% — the best month on record going back to 1997. Now, the early Santa rally risks running into a central bank Grinch. Markets price rate cuts as early as the first half of 2024.

LONDON (Reuters) — Festive cheer has come early to world markets (bar those dollar bulls) on growing certainty that central banks will start slashing interest rates next year.

By Leika Kihara

" Overall we expect a positive trend to continue in the market. Auto stocks will be in focus as OEMs will announce their monthly sales data on Friday," said Siddhartha Khemka, Head — Retail Research, Motilal Oswal. Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a muted start GIFT Nifty on the NSE IX traded lower by 12.5 points, or 0.06 per cent, at 20,326, signaling that Dalal Street was headed for muted start on Friday.

By Takaya Yamaguchi and Leika Kihara

Stardew Valley, the popular game, is hitting the road with its first-ever concert tour, "Festival of Seasons," organized by ConcernedApe. With an initial 14 shows in the United States, Canada, the United Kingdom, Australia, and Southeast Asia, the tour expanded to 36 cities across 12 countries. The concert promises an intimate experience with fresh arrangements of the game's beloved soundtrack. Fans eagerly anticipating the tour can now find details on dates, cities, and ticket sales.

By Tomo Uetake

By Sam Nussey and Miho Uranaka

Toyota is selling a part of its stake in components maker Denso to raise cash for its drive toward electric vehicles and other innovations

IIFL Finance on Wednesday raised $50 million in three-year external commercial borrowing (ECB) from Japan's Mizuho Bank. The loan, priced at 120 basis points over Tokyo overnight average rate (Tonar), will be used for onward retail lending. One basis point is 0.01 percentage point. Tonar is at a negative 0.1%.

TOKYO : A crew member who was recovered from the ocean after a US military Osprey aircraft carrying six people crashed Wednesday off southern Japan has been pronounced dead, coast guard officials said. The cause of the crash and the status of the five others on the aircraft were not immediately known, coast guard spokesperson Kazuo Ogawa said. Initial reports said the aircraft was carrying eight people, but the US military later revised the number to six, he said.

TOKYO (Reuters) — A group of Sri Lanka's creditor nations are likely to reach an agreement on debt relief and an extension of repayment deadlines for the South Asian nation, Japan's Jiji News reported on Wednesday, without naming a source or giving any details.