The files of inflation and turbulence in the banking sector are on the agenda of the finance ministers of the G7, where on Thursday, the finance ministers and the governors of the central banks of the main industrialized countries of the G7, as well as Representatives from the International Monetary Fund and the World Bank will meet for three days in Niigata, Japan, in This is the final stop before the G7 leaders’ summit in Hiroshima next weekend.
Markets continue to await the outcome of meetings between the White House and Republican members of Congress on the US public debt ceiling, which have so far stalled, threatening the US with default in early June .
market movements
Mazda Motor fell 2.69% after the automaker cut sales and profit forecasts due to production curbs. While mining stock “Sumitomo” plunged 11.73%, after expecting earnings well below analysts’ estimates, amid uncertainty surrounding the Chinese economy and metal prices.
Fujifilm rose 5.88% after results beat market expectations. Ineos dominated energy stocks as oil prices rose, then extended gains after announcing plans to list its metals unit.
The Nikkei index stabilized almost at the end of the day’s trading, as it rose 0.02%, to close at 29,126.72 points. 137 stocks fell in the index, against a rise of 85, and three remained unchanged.
The broader Topix index fell 0.14% to 2,083.09 points.
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