By Pavel Alpeyev
Dec. 3 (Bloomberg) -- Japanese stocks may rise after the yen weakened against the dollar, boosting the value of companies' overseas sales. Honda Motor Co. and Matsushita Electric Industrial Co. may climb.
Gains may be bolstered by speculation U.S. Treasury Secretary Henry Paulson's negotiations for an agreement with banks to fix interest rates on loans to subprime borrowers will help slow credit losses. Paulson will address a housing conference in the U.S. today.
``The worst of subprime-related trouble is mostly behind us, thanks to various efforts by U.S. officials,'' said Ryoji Musha, chief investment officer at Deutsche Securities Inc. in Tokyo. `
Nikkei 225 Stock Average futures expiring in December closed in Chicago at 15,790 on Nov. 30, up from the close of 15,730 in Osaka and 15,710 in Singapore last week. The Bank of New York Japan ADR Index, which tracks the nation's American depositary receipts, was little changed.
Last week, the Nikkei rose 5.3 percent to 15,680.67 and the Topix index gained 6.6 percent to 1,531.88.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment