The Tokyo market is set to see sustained buying across blue-chip stocks on the 15th, with the Nikkei Stock Average likely to surge into the 58,000 yen range. Depending on the session's momentum, the index could approach its all-time high of 58,850.27 yen set on Feb. 27. On the previous day, Asian markets rallied broadly, a risk-on sentiment that carried into European trading as Germany’s DAX and France’s CAC 40 both rose over 1%. Speculation regarding behind-the-scenes peace negotiations between the U.S. and Iran has bolstered bullish sentiment. As inflation fears from surging oil prices receded, global long-term interest rates declined, easing valuation concerns for equities. The tech-led rally in U.S. stocks continued, with the Nasdaq Composite Index gaining nearly 2% for its 10th consecutive advance. Positive sentiment was further supported by reports that President Trump suggested peace talks could resume in Pakistan within two days. Falling WTI crude oil futures also improved the outlook for corporate earnings. In Tokyo, the risk-on environment is expected to persist. Market focus is shifting to the Bank of Japan (BOJ) monetary policy meeting on April 27-28. While global economic cooling makes rate hikes difficult, the BOJ faces a dilemma given persistent yen depreciation. Consequently, the market remains sensitive to the newly issued 10-year JGB yield.

In the U.S. market on the 14th, the Dow Jones Industrial Average rose 317.74 points to 48,535.99, while the Nasdaq Composite Index gained 455.34 points to 23,639.08.

Today’s economic calendar includes Japan's Feb. machinery orders and March visitor arrivals. The U.S. will release March import and export price indices, the April NY Fed manufacturing index, the April NAHB housing market index, the Federal Reserve's Beige Book, and Feb. Treasury International Capital (TIC) data. Thailand’s markets are closed for a holiday.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.