By Ayai Tomisawa
TOKYO Mon May 9, 2011 9:47pm EDT
TOKYO (Reuters) - Japan's Nikkei share index edged down with Tuesday, damage by the lower inside Greece's credit score that will outweighed gains around commodity-linked stocks around the backside associated with higher antique watches along with oil prices.
Investors keep on being largely to the sidelines ahead regarding more business enterprise and earnings coming from significant companies, like bellwether Toyota Motor (7203.T), which will information on Wednesday.
Standard and also Poor's lower Greece's rating for you to B from BB-, pulling this even more towards unhealthy territory upon concerns a personal debt restructuring can be increasingly likely. Moody's vulnerable to help minimize the country's rankings by simply several notches.
"The impression through Greece's downgrade is just not that will big, but it really is not serving entrepreneur appetite," stated Fujio Ando, senior running overseer at Chibagin Asset Management.
"If firms for instance Toyota don't release estimations just for this economic year, level of resistance for your Nikkei could store organisation close to 9,900 until eventually you can find more symptoms of any recovery around earnings soon after this kind of year."
The benchmark Nikkei 6502.T
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