Japanese core machinery orders up in November
by Elaine Frei
Equities markets in Tokyo were up on Monday, with the Nikkei 225 adding 0.9 percent to 17,209.92 and the Topix index ending 1.1 percent higher to 1,704.58. The Topix was helped by new data showing that core machinery orders in the private sector were up 3.8 percent in November. The new numbers helped not only the construction machinery sector but also the banking sector, as the data raised the chances that the Bank of Japan will raise interest rates when it meets later this week.
The banking sector was 2 percent higher as a whole, with Mitsubishi UF up 1.3 percent to ¥1,530,000. Sumitomo Trust & Banking added 2.8 percent to ¥1,325, while SMFG gained 3.3 percent to ¥1,270,000.
The news that Shinko Securities and Mizuho Securities will merge promoted more consolidation speculation in the securities sector, which added 2.7 percent on the session. Daiwa Securities was 3.4 percent higher to ¥1,394. Meanwhile, Nikko Cordial gained 3.3 percent to ¥1,309 after it was learned that Canadian investment management firm Mackenzie Financial has become its largest shareholder.
In the construction machinery sector, Fanuc added 1.5 percent to ¥11,350, while Komatsu was up 1.7 percent to ¥2,365.
Among export-focused stocks, Sharp was 0.4 percent higher to ¥1,992, while Honda gained 1.7 percent to ¥4,690.
Discuss this in the Finance Markets forums
Story link: Japanese core machinery orders up in November
Add to Bookmarks:
Related financial stories to: Japanese core machinery orders up in November
- Japanese equities down on chip-related shares
- US core CPI up only 0.1 percent in October; dollar strengthens
- Production orders imply a slowdown ion US manufacturing
- Japanese equities markets continue to climb
- Japanese equities markets hit high
- Barclays buys core Lehman assets for £1bn
- Topix index adds 1.5 percent in Tokyo
- Japanese markets down slightly; some sectors buck trend
- New orders for UK’s industrial output fall to 3-year low
- Venezuela’s Chavez orders currency reform in Venezuela
Previous: « Crude oil prices mixed at early afternoon
Next: European oil sector makes gains »
Visited 266 times, 1 so far today
