Japan’s Tankan Large Manufacturing Index rises to 22 in Q2 vs. 16 expected
The Bank of Japan’s (BoJ) Tankan survey of business sentiment surged significantly past market forecasts in the manufacturing sector. Japan’s Tankan Large Manufacturing Index climbed to 22 in the second quarter (Q2) from 17 in the previous reading, stronger than the market expectation of 16.
Meanwhile, Japan’s Tankan Non-Manufacturing Index rose to 37 in Q2, versus 36 prior. This figure came in above the market consensus of 35.
Market reaction
At press time, the USD/JPY pair trades 0.06% higher at around 162.66.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
High interest rates are not the "end" of US stocks? Is profitability the real key?
JPMorgan believes that profit growth is the key factor determining the resilience of U.S. stock valuations. Data since 1950 shows an "inverted U-shaped" relationship between the 10-year U.S. Treasury yield and S&P 500 valuations. Based on current profit levels, yields would need to reach about 5%-6% to significantly compress valuations. As long as profit growth remains above 15%, there is still room for valuations to be re-rated. If the yield curve steepens in a bear market, cyclical sectors such as energy and financials will benefit more; if it flattens, technology stocks will have a relative advantage.
The "Outlier" Investment Art in the New Era of Berky
Chevron (CVX.US) explores alternative hedging for Middle East supply disruptions: targets Argentina and the Mediterranean to drive global LNG growth, seeks deal with India
Chevron is focusing on Argentina and the Mediterranean region, seeking global growth in liquefied natural gas, and plans to reach an agreement with India.
Expert Drops a Bullish Yet Scary Prediction for ETH Price in 2027, $10,000 ATH to $800 Black Swan Event?
Crypto prices
More
