Bank of America: Japanese equities could rise further by year-end

Gelonghui, June 24 | Strategists at Bank of America Global Research stated that Japanese equities could have more upside potential by year-end than previously expected. They cited key drivers including stronger-than-anticipated demand for artificial intelligence and an increased likelihood that the Strait of Hormuz remains open. Additionally, the growth in corporate return on equity (ROE) has become a focal point for the market. They noted, “The previous improvement in ROE was primarily driven by margin expansion, but as the manufacturing cycle recovers, leverage expansion will gradually replace it as the new driver.” Bank of America revised its year-end forecast for the Nikkei 225 Index upward from 67,000.

Gelonghui FinanceJun 24 09:44

The Nikkei 225 index surpassed the 72,000 mark for the first time, driven by the AI boom.

Japan's stock market surpassed the 72,000 mark for the first time on Monday, as strong investor enthusiasm for artificial intelligence (AI) outweighed uncertainties surrounding U.S.-Iran peace negotiations. The Nikkei 225 index rose 1.4% in early trading to 72,247.21 points, after earlier touching an intraday record high of 72,269.64 points. The broader Topix index gained 1.1%, reaching 4,089.59 points. According to a Friday report by the Nikkei, Japan plans to set a target of approximately $2.3 trillion in combined public and private investment by 2040 across 17 strategic sectors, as part of Prime Minister Sanae Takaichi’s new growth strategy. Qatar and Pakis

Global Markets UpdateJun 22 09:59

The U.S. Dollar Index rose above 101, hitting a new high in over a year, while gold prices plunged by as much as 2%, and Japanese and South Korean stock markets turned lower.

Waller delivered a more hawkish-than-expected signal, compounded by safe-haven support stemming from the cancellation of U.S.-Iran talks, fueling strong bullish momentum for the dollar. Technical analysts noted that the sustainability of this breakout significantly exceeds that of multiple short-lived rallies seen over the past year.

Golden10 DataJun 19 13:39

Prospects for the Persian Gulf lifted Wall Street in pre-market trading; Asian markets rose while European markets were weaker.

Wall Street futures rose before the Thursday market open, after U.S. President Donald Trump and Iranian President Masoud Pezeshkian signed a memorandum of understanding on Wednesday to end hostilities in the Persian Gulf. West Texas Intermediate crude oil fell 1.9% in pre-market trading to $75.35 per barrel, as markets anticipated tankers would soon resume transit through the Strait of Hormuz. In futures trading, the S&P 500 gained 0.8%, the Nasdaq rose 1.5%, and the Dow Jones increased by 0.4%. U.S. stock markets will be closed on Friday for a holiday. Asian markets mostly advanced overnight, with Tokyo's Nikkei 225 index rising 1

AASTOCKSJun 18 19:12

JPMorgan has raised its year-end target for the Nikkei 225 to 75,000.

Gelonghui, June 18 | JPMorgan: Raised the year-end 2026 target for the Nikkei 225 Index to 75,000 points from the previous target of 70,000 points. Also raised the year-end 2026 target for Japan's TOPIX index to 4,400 points from the prior target of 4,300 points.

Gelonghui FinanceJun 18 18:40

The U.S. and Iran sign a memorandum of understanding; Nikkei and Korean stocks hit record highs!

Conflict could trigger a global depression.

Gelonghui FinanceJun 18 08:18