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Nov. 29, 2004, 6:36 p.m. EST

Tokyo stock indexes expected flat

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By Osamu Tsukimori, CBS

TOKYO (CBS.MW) -- Japanese stock indexes are expected to trade in a tight range Tuesday as investors may stay on the sidelines, carefully watching the movements in currencies.

"Following a sharp rise yesterday, Japanese shares are expected to meet with upward resistance ahead of a slew of important U.S. factors, Intel's update on Thursday and the U.S. jobs report on Friday," said Hiroyuki Nakai, chief strategist at Tokai Tokyo Research Center in Tokyo.

On Tuesday, E-Trade Securities , Japan's largest online broker by accounts and assets under management, will debut on the Jasdaq market for start-ups.

E-Trade Securities, owned by Softbank Investment Corp. /zigman2/quotes/200067066/delayed JP:8473 -4.02% , has a licensing agreement with U.S.-based E Trade Financial Corp. /zigman2/quotes/210213433/composite ET +3.66%

On Monday, the Nikkei Average gained 1.3 percent to 10,977.89, while the broader Topix rose 1.1 percent to 1,103.60. Nikkei 225 futures expiring in December closed at 10,925 in Chicago.

On Monday, the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +1.47% closed down 0.4 percent, while the Nasdaq Composite Index rose 0.2 percent.

The dollar traded at 102.90 yen, compared with 102.85 yen late Monday in the United States.

On Monday, crude for January delivery rose 32 cents to close at near a four-week high of $49.76 a barrel on the New York Mercantile Exchange as the start of the holiday season rekindled concern about heating-oil supplies and traders assessed mixed indications on OPEC's next output decision. See Futures Movers.

JP : Japan: Tokyo
¥ 2,675.00
-112.00 -4.02%
Volume: 4.16M
May 16, 2022 3:00p
P/E Ratio
Dividend Yield
Market Cap
¥683.38 billion
Rev. per Employee
$ 11.05
+0.39 +3.66%
Volume: 18.99M
May 13, 2022 4:00p
P/E Ratio
Dividend Yield
Market Cap
$34.10 billion
Rev. per Employee
US : Dow Jones Global
+466.36 +1.47%
Volume: 388.52M
May 13, 2022 4:57p

Osamu Tsukimori is a reporter for CBS based in Tokyo.

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