The Nikkei Slips, Hurt By Data Factory Japan

Japanese stocks slipped on Monday, hurt by industrial output data weak domestic and anxiety about the US Federal Reserve will probably Raise interest rates next month, although there are uncertainties over China lead global economic slowdown.

Nikkei index down about 1.5% at 18 910 in trading this morning, stop reinforcement for the last three days. For this month, Japan's benchmark index has fallen by 8.2% so far and get ready for the biggest monthly decline since January 2014.

For this week, analysts expect the Nikkei will move the range of 19,000 level, but all will depend on economic data, and the performance of global financial markets.

Investors are awaiting China's manufacturing PMI index data from Caixin and US manufacturing data to be released on Tuesday. The data will be followed by the crucial US jobs data on Friday.

This morning, economic data showed that Japan's industrial production unexpectedly fell by 0.6% in July, in a sign that the slowdown overseas and the high amount of inventory still weigh on production.

0 Response to "The Nikkei Slips, Hurt By Data Factory Japan"

Thanks for give comment.