Japan Nikkei Breaks 50,000 Mark On Trade-Talk Optimism

Benzinga

Japan’s Nikkei 225 topped 50,000 for the first time amid optimism over U.S.–China trade progress and record U.S. markets. PM Takaichi plans to meet Trump to boost domestic demand and strengthen economic ties.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:03Japan's benchmark Nikkei 225 index breached the 50,000 mark for the first time on Monday,

00:09according to CNBC. The rally followed optimism over US-China trade talks and strong momentum

00:15from US markets. Japanese Prime Minister Sanai Takaichi is expected to meet US President Donald

00:21Trump this week. She is expected to push for expanded domestic demand through a high-pressure

00:26economy, which strategists say could lift Japan out of prolonged deflationary stagnation and help

00:32reduce the US trade deficit. The regional rally was boosted by news that US and Chinese negotiators

00:37have hashed out a framework on several trade issues and that proposed US tariffs on Chinese imports

00:43appear effectively off the table. In the US, all three major averages closed at record highs last

00:49Friday, reinforcing investor optimism about a potential rate cut by the Federal Reserve

00:54and higher equity valuations. For all things money, visit Benzinga.com.

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