The Nikkei was down today (June 18th) at the end of a choppy session on the Asian stock market.
After rising by 2.7 per cent yesterday, it fell away by 0.2 per cent today, but was still able to remain above 13,000 at the end of the day.
According to a report by Reuters, investors are eagerly awaiting a release from the US Federal Reserve – which is due to come out tomorrow – and this is set to have a major impact on the state of markets all over the world.
Yesterday's gains for the index were down to investors hunting for bargains after the Nikkei recorded four weekly drops in a row.
Last month, it had set new five-and-a-half year highs, but the index has since fallen away as investors took their profits out of the market.
Exporters are among those to have got the Nikkei off to a solid start, but it is still possible the index will drop off in the next three days to record a fifth weekly drop in succession.
Learn about the Asian markets and CFD trading at City Index
GAIN Capital UK Limited (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.
No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.