25 July Nikkei Index Fundamental Analysis: Wall Streets climb on positive earnings


Asian equity markets continued Wall Streets climb on positive earnings, and Japan’s Nikkei 225 index is lifting into 22,600.00. What’s next? This 25 July Nikkei Index Fundamental Analysis reveals.

25 July, GKFX – Hopes are high that China’s government will go through with promises to increase infrastructure spending and commit to tax cuts for both businesses and workers in an effort to stimulate China’s economy and keep it growing, while equities in the US session saw growth thanks to better-than-expected earnings figures for key blue-chip stocks.

Nikkei 225 Fundamental Highlights

Tensions are over trade issues still remain close to the surface however, with a trade delegation from the European Union on their way to the US soon for continued trade talks.

Japan’s Nikkei 225 is up 0.40% for the day, with Tokyo’s Topix index also up about 0.36%, and Hong Kong’s Hang Seng is also up a healthy 0.70% for Wednesday; the Shanghai CSI 300 index is relatively flat for the day at -0.02%, while Australia’s ASX 200 struggles at -0.31% after Wednesday’s early CPI showed inflation continued to lag behind market expectations.

25 July Nikkei Index Fundamental Analysis

This week’s recovery from Monday’s swing low at 22,340.00 is due to hit resistance at the previous week’s opening gap of 22,700.00, while a successful push will see last week’s highs at 22,950.00, with more serious support coming from the last H4 swing low at 21,760.00.

Disclaimer

This article 25 July Nikkei Index Fundamental Analysis was written by analysts at GKFX. The information provided herein is for general informational and educational purposes only. It is not intended and should not be construed to constitute advice.

If such information is acted upon by you, then this should be solely at your discretion, and GKFX will not be held accountable in any way.

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