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Japanese stocks climb as Europe anticipates
The Japanese Nikkei index rose by 0.83% to close at 67,524.06 points, supported by electronics chip stocks and a 3.68% increase in South Korean company shares. Investors are anticipating the release of US inflation data today, which will influence the Federal Reserve's stance on interest rates. Additionally, oil prices increased following disruptions in navigation through the Strait of Hormuz, with Brent crude rising to $89.66 per barrel and West Texas Intermediate reaching $83.92, before profit-taking pared some gains. In European markets, the Stoxx 600 index saw little change as investors awaited US inflation figures and their potential impact on interest rate hike decisions.
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