Kontakperkasa Futures – Japanese stocks rose for a second day this week as real-estate shares and precision instrument makers led gains.
The Topix index added 0.3 percent to 1,591.92 as of 9:03 a.m. in Tokyo, with three stocks rising for every two that fell. The Nikkei 225 Stock Average advanced 0.3 percent to 19,773.97.
The Topix’s relative strength index was at 75 on Tuesday, above the 70 level some traders say indicates shares have risen too fast and are poised to drop.
E-mini futures on the Standard & Poor’s 500 Index were little changed after the underlying equity measure lost 0.6 percent on Tuesday in New York as a report on consumer prices showed signs inflation is picking up.
The cost of living in the U.S., excluding food and fuel, rose 0.2 percent in February, the first gain in four months, as fuel costs stabilized. Federal Reserve Chair Janet Yellen signaled last week that the central bank is in no hurry to raise interest rates after policy makers dropped a pledge to be patient on tightening monetary policy.
Source : Bloomberg