Wall Street firms getting excited over Japan as Nikkei keeps hitting records
From Dow Jones & Company:
Japanese stocks hit a record high as the Nikkei 225 crossed the 35,000 mark for the first time in nearly 34 years. Growth in real wages and a new government tax-free stock investment system are contributing to the strong performance. Tech futures are showing modest gains, Treasury yields are headed lower and crude oil and gold continue to rise. Consumer price inflation is expected to rise, with jobless claims and Fed speakers on the docket. Eleven bitcoin exchange-traded funds will begin trading after a Securities and Exchange Commission green light. Other news includes a proposed buyout, tech job cuts, and Citigroup setting aside $1.3 billion to cover risks in Argentina and Russia. An oil tanker in the Gulf of Oman was boarded by “unauthorized men” wearing military uniforms. Household net worth as a share of disposable income is at an all-time high, which could boost consumer spending. The top-searched tickers on MarketWatch include Tesla, Nvidia, Infosys, and GameStop. In random reads, learn what space really smells like and how an heiress is seeking 50 random people to help her give away $27.4 million.
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