Japanese shares touched a 34-year peak on Tuesday, while European stocks and S&P 500 futures slipped as investors waited for a U.S. inflation report that could shape Federal Reserve policy.
Treasuries and the dollar were little changed before the inflation numbers. Bitcoin remained just above $50,000 after crossing the threshold for the first time in over two years, thanks to inflows into exchange-traded funds backed by the digital asset.
Japan’s Nikkei (.N225) continued to advance, climbing to 38,010 on Tuesday, not far from the record high of 38,957 the benchmark touched on Dec. 29, 1989. The Nikkei has gained more than 13% so far this year, after rising 28% in 2023.
Fidelity Japan Trust PLC (LON:FJV) aims to be the key investment of choice for those seeking Japanese companies exposure. The Trust has a ‘growth at reasonable price’ (GARP) investment style and approach – which involves identifying companies whose growth prospects are being under-appreciated or are not fully recognised by other investors.