The Traderszone Network

Japanese shares look to continue the momentum
The Nikkei 225 slumped hard at the open on Monday and again in early trading on Tuesday. Both times it reversed to close near the high of the day.

Applied Materials has seen a huge jump in orders for OLED manufacturing equipment, Image source: Applied Materials.

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This article is published in collaboration with Scutify, where you can
find real-time markets a

This article is published in collaboration with Scutify, where you can
find real-time markets a

April current accounts:
– Prior was 2.98T yen
– Trade surplus 697 billion yen vs 919 billion yen expected
The strong yen looks like it’s eating into Japanese trade but it’s still one of the better reports of the past two years.

Image source: Getty Images.

What: Shares of F5 Networks (NASDAQ: FFIV) were having a quiet Tuesday afternoon, edging less than 1% higher until 3:30 p.m. ET. That’s when Reuters published a report saying that F5 has enlisted a major investment bank to help it find a buyer. Share prices immediately spiked as much as 13.5% higher.

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GDP revisions from Japan
– GDP up 0.5% q/q, as expected, from 0.4%
– Nominal GDP +0.6% q/q, as expected, from 0.5%
– GDP deflator +0.9%, as expected
– Private consumption unrevised at 0.9%
These numbers were very close to expectations. There are some indications that solid growth will continue in Q2.