Asian stocks may fall; Japanese banks may lead – MarketWatch- About: Stock Trading News
Nikkei 225 Stock Average futures expiring in September last traded at 17,145 on Chicago Mercantile Exchange, down from Monday’s close of 17,280 in Osaka Stock Exchange and 17,350 on the Singapore Exchange, suggesting a weak start for their underlying index on Wednesday. Share prices of Japanese major banks “are likely to correlate to changes in net profit over the near term,” said Merrill Lynch analysts Yoshinobu Yamada and Tatsuya Kubo in a research note. Japan’s largest oil company reported an 84% jump in April-June profit, helped by crude oil inventory valuation profits and cost-cutting, according to Dow Jones Newswires. Asian stocks may fall; Japanese banks may lead – MarketWatch Intraday data provided by Comstock , a division of Interactive Data Corp. Historical and current end-of-day data provided by FT Interactive Data . Dow Jones IndexesSM from Dow Jones & Company, Inc. read more
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