The Goldman Sachs analysts believe that the Topix index will touch a high of 2200 points in the short term, a level that will come off as a 3% growth from where it is currently pegged.
European stock markets were higher in pre-trade amid impending Congress vote on the proposed US debt ceiling bill.
Despite China’s uneven economic recovery, Deutsche Bank “remains optimistic” about China for the medium to long term.
The investor community is brewing with optimism as it expects AI to drive profit growth at a time of rising borrowing costs and supply chain problems
China’s economic outlook also affected the stocks of some of the top companies in the country.
Despite the fall off of the US stock futures, there is no doubt that the fight against inflation is yielding a relatively positive fruit in the United States.
The market still remains very tipsy and while the tech sector is largely holding up with backing from technology development, other industries also have to step up in order to be able to stay resilient.
The US Commerce Department’s recent shows that economic growth and GDP have slowed even as Bitcoin struggles to regain $30,000.
There are different segments in the market with different performance outlooks and while the payments ecosystem took a slight hit, the earnings in the banking sector have been mixed across the board.
As the events in the banking ecosystem riled the market, tech stocks that are generally known to power growth underperformed for the month.
With the collapse of SVB, many commentators have been echoing the phrase that no firm is “too big to fail.”
European markets remained flat on Tuesday as all eyes are on Jerome Powell’s imminent congressional statement.
Despite the current outlook, a major resilience play might be in the works for the US stock market in the mid to long term.
The S&P 500 sustained its fourth day of losses following suggestions that the Fed could keep battling inflation aggressively.
The slump in the Nasdaq Composite was fueled by some key stocks that recorded significant losses on Thursday.