Japan Financial News

interest rate differentials weighed on the currency, despite fresh warnings from Japanese officials following two rounds of suspected dollar-selling intervention last week. The Australian dollar hovered close to a two-month high versus its U.S. counterpart with the Reserve Bank of Australia widely expected to keep rates steady later in the day, and traders on watch for a more hawkish stance from Governor Michele Bullock.

Sensex gained 17.39 points to close at 73,895.54, while the Nifty 50 settled 33.15 points, or 0.15%, lower at 22,442.70. Nifty 50 formed a small negative candle on the daily chart beside the long bear candle of previous session. Also Read: Indian stock market: 7 key things that changed for market overnight - Gift Nifty, Japan Services PMI to oil prices “This chart pattern indicates sell on rise opportunity amidst range bound action.

Sensex gained 17.39 points, or 0.02%, to close at 73,895.54, while the Nifty 50 settled 33.15 points, or 0.15%, lower at 22,442.70. “The surge in India VIX by over 70% in the last eight trading sessions from around 10 to its 52-week high near 17 level, indicating increasing nervousness among investors due to the ongoing global uncertainties and Lok Sabha election outcome next month. Hence, markets are likely to remain in a broader range with stock-specific action in the near term," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

Tata Electronics Ltd has started exporting limited quantities of semiconductor chips packaged at a pilot line at its Bengaluru-based research and development centre, people familiar with the matter told ET. These packaged chips are being shipped to some of Tata Electronics' partners in Japan, the US and Europe, the people said. This comes as the Tata group company lays the groundwork for its new chip packaging unit at Morigaon in Assam and a $10 billion chip foundry at Dholera in Gujarat.

Sports manga is one of the leading genres currently followed by fans, and Blue Lock with its first season itself managed to steal hearts. The Blue Lock manga comic itself was one of the biggest-selling series of all time in November 2023 in terms of circulation. Keeping up with that legacy, the first season of the TV series produced by Eight Bit, which was aired between October 2022 to March 2023, also became an insane hit in the sports anime genre.

India is on track to become the third largest consumer market in 2026, overtaking Germany and Japan, as people in the affluent category increase, UBS said in its latest report released Monday. “As of 2023, there were an estimated 40 million people in India (4% share in the population of 15 years and above) in the affluent category (annual income above $10,000), and these will likely more than double in the next 5 years,” UBS said, highlighting 88 million people with over $10,000 annual income by 2028. The investment bank noted that consumption growth will likely remain muted at 4-5% in the current and next fiscal and below the 6.5-7% average annual growth witnessed during FY11 and FY20.

Stocks made small gains in holiday-thinned trading as traders turned their attention to a line-up of central bank speeches this week. 

commerce ministry's arm DGTR has recommended the imposition of anti-dumping duty on imports of a chemical, used for water treatment, from China and Japan to protect the domestic industry from cheap inbound shipments. The Directorate General of Trade Remedies (DGTR) has recommended the duty on 'Trichloro isocyanuric acid' after conducting an investigation on the dumped imports of the chemical from these two countries. «The authority recommends imposition of provisional anti-dumping duty on the imports,» the DGTR's notification has said. Bodal Chemicals Ltd had filed the application for the initiation of an anti-dumping investigation on the imports from China and Japan.

Read the full story here.)Sensex Today Live : Indian markets were expected to start on a positive note, following global peers higher as colling wages in the US firmed up anticipation of a sooner rate cut by the US Federal Reserve.Gift Nifty futures were trading at 22,686, around 200 points ahead of Nifty 50's Friday close of 22,475.Asian stocks rose on Monday on renewed bets that the Federal Reserve would likely ease rates this year, while the yen weakened after a strong surge last week from Tokyo's suspected currency intervention.Trading was thinned in Asia with Japan out for a holiday, though markets in mainland China got off to an upbeat start after returning from an extended break.MSCI's broadest index of Asia-Pacific shares outside Japan edged more than 0.5% higher, while China's blue-chip index gained 1.4%.Chinese shares offshore posted strong gains last week while mainland markets were closed from Wednesday to Friday for the Labour Day holiday.Hong Kong's Hang Seng Index rose 4.7% last week and on Friday clocked its longest daily winning streak since 2018. It was last down 0.2%.The Nasdaq-listed Golden Dragon China Index jumped 5.5% last week.Similarly, in currency markets, the offshore yuan was last roughly 0.1% lower at 7.2013 per dollar, after strengthening more than 1% last week, in part due to a broadly weaker dollar.The People's Bank of China on Monday also lifted its official yuan midpoint to the highest in three weeks, catching up with movements offshore.

Asian stocks rose on Monday on renewed bets that the Federal Reserve would likely ease rates this year, while the yen weakened after a strong surge last week from Tokyo's suspected currency intervention. Trading was thinned in Asia with Japan out for a holiday, though markets in mainland China got off to an upbeat start after returning from an extended break.

Read here: Week Ahead: Q4FY24 Results, FII activity, macro data, global cues among key market triggers this week On Friday, the Indian stock market benchmark indices ended around a percent lower, dragged by profit booking across sectors as well as losses in heavyweight stocks. The Sensex dropped 732.96 points, or 0.98%, to close at 73,878.15, while the broader Nifty 50 settled 172.35 points, or 0.76%, lower at 22,475.85. “Nifty 50 after marking a new high at 22,794 levels, witnessed profit booking and came under pressure.

Demon Slayer Season 4 is set to premiere on May 12, 2024, continuing Tanjiro's journey in the Hashira Training Arc. The anime, known for its gripping narrative, follows Tanjiro as he battles demons in early 1900s Japan, spurred by his sister Nezuko's transformation into a demon.

ALSO READ: Fed's Powell says looming US election will not sway rate decisions On May 7 (Tuesday), a report on consumer credit for March will be released by the US central bank. May 10 (Friday) will see the release of data on preliminary consumer sentiment for May. Following companies are due to report quarterly earnings in the week ahead—Tyson Foods, Vertex Pharmaceuticals, Palantir, Realty Income, Disney, McKesson, Ferrari, GlobalFoundries, Coupang, Electronic Arts, Rivian Automotive, Datadog, Uber Technologies, Anheuser-Busch InBev, Airbnb, Shopify, Arm, Energy Transfer, Trade Desk, Beyond Meat, Affirm, AMC Entertainment, Warner Bros.

Voltas, half of the customer engagements, including demo, installation and service requests, are now handled by bots. This is a massive shift from 2018-19, when 95% of customer calls were handled by human agents. At Japanese home appliances and consumer electronics major Panasonic India, bots handled 20% of the queries when they were introduced in 2020.

Nippon Steel says it has postponed the expected closing of its $14.1 billion takeover of U.S. Steel by three months after the U.S. Department of Justice requested more documentation related to the deal

Gov. Andy Beshear is predicting that his recent economic development trip to Germany and Switzerland will reap more business investments in Kentucky

Benchmark U.S. crude oil for June delivery fell 84 cents to $78.11 per barrel Friday

corporate governance, the economy, etc. Rajeev Agarwal of DoorDarshi Advisors asked Warren Buffett if Berkshire Hathaway is actively seeking opportunities in India. The nonagenarian investor responded with a description of the 'loads of opportunities' India has but left it to future management to decide.

foreign exchange reserves declined for the third week, after having risen for the seventh straight week to hit an all-time high of USD 648.562 billion. As per the latest data released by the Reserve Bank of India (RBI), the country's foreign exchange kitty declined by USD 2.412 billion to USD 637.922 billion in the April 26 week. India's foreign currency assets (FCA), the biggest component of the forex reserves, declined by USD 1.159 billion to USD 559.701 billion, the central bank's weekly statistical data showed.

Also Read | Japan’s Kanda Declines to Say If Authorities Intervened on Yen Yellen acknowledged that the yen had experienced significant shifts in a short period, stating, “We would expect these interventions to be rare and consultation to take place." This statement follows reported actions by Japanese authorities who purportedly entered the market to bolster the yen after it fell beyond 160 to the dollar for the first time in 34 years, and again after comments by Federal Reserve Chair Jerome Powell on U.S. interest rates, the report further added.

Godzilla Minus One is streaming online on Amazon Prime. Though, this is in Japan and not in the US. Ever since the film won many Academy Awards, even beating some Hollywood flicks, such as Mission Impossible: Dead Reckoning Part 1, the US audience is keen to catch this movie. Online Streaming in the US