The Nikkei share average rose 0% to 17,234.98. Japanese stocks rose for a fifth straight day on Tuesday as growing expectations of an imminent U.S. interest rate hike helped the dollar hold onto recent gains against the yen, supporting exporter shares. Turnover on the broader market hit a more than one month high. Analysts say U.S. index provider MSCI’s review of the component stocks of some of its indexes, which include Japanese counters, led to increased trading activity of such stocks.
Natural Gas soared 2%, to trade at $2.260. U.S. natural gas futures rallied sharply on Tuesday, as forecasts for the coming week turned warmer, boosting near-term demand expectations for the heating fuel. Forecasts originally called for mild summer weather during the period. Natural gas prices have closely tracked weather forecasts in recent weeks, as traders try to gauge the impact of shifting outlooks on early summer cooling demand. Gas use typically hits a seasonal low with spring’s mild temperatures, before warmer weather increases demand for gas-fired electricity generation to power air conditioning.
Coca-Cola’s (KO) 8% drop was the biggest drag on the consumer staples index. McDonald’s (MCD) was off almost 1%.Disney (DIS), another Dow component, was down 1.3%. The studio’s latest release, “Alice through the Looking Glass”, received poor reviews.
Interest for tomorrow Wednesday 1/06/2016
Dividends
Bank of America (BAC): Cash Amount: 0.05. Yield: 1.36%. Declaration Date: 27/04/2016. Record Date: 03/06/2016.Payment Date: 24/06/2016.
Currency Pairs
AUD
Highly important announcement
04:30am (GMT +2:00 Jerusalem) GDP QoQ Q1. Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy’s health. Previous announcement at 02/05/2016 changed the indicator by 6%.
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