^N225 - Nikkei 225
| Previous close | 22,529.29 |
| Open | 22,534.97 |
| Volume | 0 |
| Day's range | 22,285.07 - 22,563.68 |
| 52-week range | 16,358.19 - 24,115.95 |
| Avg. volume | 79,577 |
- Yahoo Finance UK
What to Watch: UK downturn 'worst in G20,' Brexit warning, stocks slide
A daily overview of the top business, market, and economic stories you should be watching today in the UK, Europe, and around the world.
- Bloomberg
Zozo, Square Enix Surge as Investors Eye Nikkei 225 Candidates
(Bloomberg) -- Potential candidates for the Nikkei 225 surged in Tokyo on Thursday as investors took bets on what companies might become the latest to join the blue-chip index.Trading house Itochu Corp.’s plans to buy out its convenience store chain FamilyMart Co. are set to open up a prized slot on the Nikkei 225. It’s the second slot to open up this year, after Sony Corp. decided to buy out fellow Nikkei 225 member Sony Financial Holdings Inc.Some of the candidates to replace FamilyMart jumped, with perennial contender for the gauge Kakaku.com Inc. jumping as much as 14%. Convenience store operator Lawson Inc. added 8.5%, while online mall Zozo Inc., a SoftBank Group Corp. affiliate, added 8.7%.Assuming the FamilyMart offer doesn’t meet regulatory or investor opposition, it is set to run until Aug. 24. Nikkei Inc. may announce the replacement during its periodic rebalancing typically announced in early September.Liquid StockFamilyMart is a member of the “Consumer Goods” sector, which includes not only retail but also fishery, foods, and services. Nikkei typically chooses the most liquid stock in the sector as the replacement, meaning that the candidate doesn’t necessarily have to be a retail chain. Any proposed changes to the Nikkei are confirmed by a committee of academics and market professionals.SMBC Nikko Securities Inc. analysts including Keiichi Ito wrote in a note that as the consumer goods sector is underrepresented in the gauge, it’s “unlikely that a non-consumer goods name would be chosen as a replacement.” In addition to Zozo and Kakaku.com, they saw casual dining chain Skylark Holdings among the leading candidates. Skylark added 4.3%.Nintendo Co., which is in the services category, has frequently been cited as a candidate to join the Nikkei 225 since moving its listing to Tokyo from Osaka. However, predictions it would be chosen in Nikkei’s periodic rebalances have consistently come to naught -- perhaps due to its high share price. Like the Dow Jones industrial average, the Nikkei 225 is price-weighted, so a given company’s share price can determine its impact.While Nintendo has both the liquidity and market representation, SMBC Nikko said “its weighting within the Nikkei 225 would become outsized” if incorporated into the gauge.Junichi Hashimoto, senior quants analyst at Daiwa Securities Co., wrote that Suntory Beverage & Food Ltd. is a possible candidate, coming from the same sector as FamilyMart. In the periodic review, Nippon Kayaku Co. could be removed from the index and replaced by Yakult Honsha Co., he wrote. He also cited Square Enix Holdings as a candidate, with shares surging 9.3% in Tokyo to a record. Suntory Beverage added 3.9%, while Nippon Kayaku fell as much as 5%.In the meantime, investors can speculate on which company will replace Sony Financial. That tender offer runs until July 13, and Tokyo bourse operator Japan Exchange Group Inc. recently approved a rule change which could speed up the announcement of its replacement on the Nikkei 225, which is likely to come before the September review.(Updates throughout with share moves)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Yahoo Finance UK
Gloomy forecasts drag down stock markets
European markets opened lower on Tuesday morning, while futures were pointing to a lower open for Wall Street.
- FX Empire
China Blue Chip Index Hits 5-year High; Australian Shares Tumble as Borders Close
The Australian stock market closed lower as state border closures sparked fear of a second wave that could damage the country’s economic rebound.
- Yahoo Finance UK
Global stocks buoyed after government-backed rally in China
Hints of what chancellor Rishi Sunak could announce later this week have also boosted house building and retail stocks.
- Yahoo Finance UK
What to watch: Ryanair agrees Irish pilot pay cut, consumer confidence improves, and Amigo Loans warns on complaints
A daily overview of the top business, market, and economic stories to watch in the UK, Europe, and abroad.
- Yahoo Finance UK
FTSE 100 melts down as US COVID-19 cases in focus
The United States once again broke a record for the number of daily new COVID-19 cases on Thursday, with 55,000 new incidents confirmed.
- FX Empire
Chinese Factory Activity Impresses, Japan’s Tankan Survey Worsens, First Arrest in Hong Kong
The latest boost to sentiment came from Chinese factory activity gathering steam in June, with the Caixin/Markit manufacturing PMI rising to 51.2.
- Yahoo Finance UK
What to Watch: UK retailers struggling, GDP shock, oil collapse hammers Shell
A daily overview of the top business, market, and economic stories you should be watching today in the UK, Europe, and around the world.
- Yahoo Finance UK
Coronavirus: Stocks tread water as recovery signs offset virus fears
US home sales saw a record jump and Chinese manufacturing PMI showed a fourth straight month of growth despite the global downturn.
- FX Empire
Asia-Pacific Stocks Tumble; Australian Shares Fall to 2-Week Low, Japan Reports Dismal Retail Sales
China said Monday it will impose visa restrictions on U.S. individuals with “egregious conduct” on Hong Kong-related issues, mirroring U.S. sanctions.
- Yahoo Finance UK
What to Watch: Lookers £19m accounting woes, record gilt sale, stocks rise
A daily overview of the top business, market, and economic stories you should be watching today in the UK, Europe, and around the world.
- Yahoo Finance UK
Coronavirus: Stocks rise despite global death toll passing 500,000
European markets closed higher as hopes of recovery outweighed fears over a rising death toll worldwide.
- FX Empire
Asia-Pacific Markets: Hong Kong Down Ahead of New US Sanctions on China; Australia’s Quantas Plunges Over 9%
The United States is imposing visa restrictions on Chinese Communist Party officials believed responsible for restricting freedoms in Hong Kong.
- Yahoo Finance UK
European stock markets bounce even as COVID-19 cases rise in US
The US recorded 39,596 new confirmed cases on Thursday — a new record daily high — and the Texas Governor halted his state’s phased re-opening.
- Yahoo Finance UK
What to Watch: Poundland profits slide, UK grocery sales and PMI leap
A daily overview of the top business, market, and economic stories you should be watching today in the UK, Europe, and around the world.
- Yahoo Finance UK
Mixed signals leave stock markets struggling for direction
Germany's infection rate surged over the weekend, sparking fears of a second COVID-19 wave.
- Yahoo Finance UK
Coronavirus: Markets slide as US states and Beijing fight new spikes
California and Texas have seen daily infection rates hit new highs, while investors also waited on a Bank of England policy meeting on Thursday.
- Yahoo Finance UK
What to watch: Queues form as shops reopen, sharp sell-off for stocks, and BP writes off $17.5bn
A daily overview of the top business, market, and economic stories to watch in the UK, Europe, and abroad.
- Yahoo Finance UK
Coronavirus: Second wave fears spark drive volatility for stocks
Losses of 2% or more were seen for stock markets around the world, amid fears about rising COVID-19 cases in the US and a new outbreak in Beijing.
- FX Empire
Asia-Pacific Stocks Retreat as Second Wave Fears Grows; Chinese Economic Data Misses Expectations
China’s industrial output expanded 4.4% in May from a year earlier but the gain was less than expected, official data showed on Monday.
- FX Empire
Asia-Pacific Shares End Lower as Volatility Looms
China stocks recouped earlier losses, led by tech, as investors cheered Beijing’s pledge to push forward with capital market reforms.
- Yahoo Finance UK
What to watch: Airlines facing 'worst year in history', global economy to slump 6%, HSBC under fire
A daily overview of the top business, market, and economic stories to watch in the UK, Europe, and abroad.
- FX Empire
Asia Pacific Shares Settle Mixed on China Inflation Data Miss, Jitters Ahead of Fed Announcements
Japan’s machinery orders slumped at their quickest pace in nearly two years. Wholesale prices fell at the fastest annual pace in nearly four years.
- Yahoo Finance UK
Stocks mixed ahead of Fed meeting
The Fed is expected to 'step away from its complete focus on crisis prevention towards more traditional goals' at its meeting later today.
