Japan’s trade deficit is predicted to narrow in June from 1.2 trillion yen, or $7.7 billion, to 240 billion yen.
Japan's trade deficit is predicted to narrow from 1.2 trillion yen, or $7.7 billion, to 240 billion yen.The tech-heavy index slid 2.77% to end at 17,996.92 as investors continued to favor rate-sensitive stocks over big tech names amid optimism on possible rate cuts following Fed Chair Jerome Powell's caution on keeping rates higher for longer.Economists polled by Reuters expect exports from Japan to have risen 6.4% year on year in June, slower than the 13.
Imports are expected to have grown 9.3% year on year last month, compared to 9.5% in May.futures pointed to a weaker open for the market, with the futures contract in Chicago at 40,330 and its counterpart in Osaka at 40,250 compared to the previous close of 41,097.69.Hang Seng indexadded 243.60 points, or 0.59%, to end at 41,198.08. This is the first time the index closed beyond 41,000. The broad S&P 500 shed 1.
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