Japanese Nikkei Index Surges 3% and Sets New Record

The stock markets in China are closed on Tuesday for the Chinese New Year, while the Nikkei in Japan is up about 3% at this hour, reaching a new record high of 38,000. The Kospi index also rises by 0.8%. Meanwhile, US futures are trading slightly lower this morning.

Last night on Wall Street, the main indices closed in a mixed trend. The Nasdaq fell 0.3%, the S&P500 lost 0.1%, and the Dow Jones added 0.3%, breaking an all-time high. The Israeli company Beamr saw its shares jump by 7.5% after Piper Sandler upgraded their recommendation on the stock to ‘overweight’ from ‘neutral’.

In the US government debt market, the 10-year bond yield fell slightly last night and traded around 4.16%. The two-year bond yield was 4.47%. This morning, oil prices are trading slightly higher with a Brent barrel costing $82 dollars. Dr. Michael Bafman, Bank Leumi’s chief economist, predicts that volatility in oil prices will remain relatively high due to security events in the Middle East.

Today’s data releases include unemployment figures in Great Britain and consumer price index data in Switzerland, as well as inflation data expected to be published at 15:30 Israel time in the USA.

By Editor

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