The jump in oil raises questions about the outlook for U.S. inflation and rates. That's negative for shares, especially for companies that rely on external demand.
More Quotes from Yutaka Miura:
There's greater concern now about further U.S. interest rate increases and that will dampen the overall Japanese market. Natural resources-related shares may rise, but hi-tech and autos may fall on concern about reduced overseas demand.Yutaka Miura
Investors may take a wait-and-see stance until the Bank of Japan comes out with its policy statement.
Yutaka Miura
The market was encouraged by Friday's gains in U.S. stocks. Carrying over late last week's strong market sentiment, players tested higher prices.
Yutaka Miura
The market took a breather as investors believed share prices surged too far, too fast in recent sessions. Most market participants were also taking to the sidelines before the release of US employment data later today.
Yutaka Miura
There are things to watch later this week. Monthly CPI data is due on Friday and industrial output data on Wednesday.
Yutaka Miura
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