stability in Asian stock markets; Inflation in Japan rose to 2.6% in July

The current report of the Tel Aviv Stock Exchange: the important updates, the prominent stocks, the bonds and the analysts’ updates

07:15 – Following Quiet trading on Wall Street yesterday, Asian stock markets are also trading stably this morning: Nikkei is up 0.1%, Hang Seng is up 0.5% and Shanghai is trading around the opening point. So is the Australian Stock Exchange. The Kospi index in South Korea is down 0.4%.

The main macro figure in Asia today concerns inflation in Japan which rose from 2.4% in June to 2.6% in July. This is compared to an expected 2.2%, and above the central bank’s target of 2%. Consumer prices, which do not include food and energy items, rose at an annual rate of 1.2%. However, the Central Bank of Japan stated that it will continue its accommodative monetary policy since this is an increase mainly due to temporary factors, including the increase in the price of energy products and raw materials.

Among the prominent shares in trading in Japan today are Nissan which is up 1.5%, Suzuki – 1.1%, Nikon – over 2% as well as Sony, Sharp and Olympus – over 1%.

Trading on Wall Street closed stable yesterday as investors try to estimate what the rate of interest rate increases will be in the US. This is against the background of the words of the Fed President in St. Louis, James Bullard, who said that he is inclined to support a 0.75% increase at the next meeting of the central bank. Dow C Vence rose less than 0.1%, while the Nasdaq and S&P 500 gained 0.2%.