GO
Loading...

Market to Watch: New Nikkei Bull?

Japan's stock market is in a "prime uptrend" and is going into a new bull market due to the resilience of the country's economy, Robin Griffiths, technical strategist at Cazenove Capital said Monday.

The Nikkei 225 Average is in a "prime uptrend," Griffiths told CNBC. "It's made a base and it's broken the downtrend line… It's going into a new bull market."

"It's (Japan) got a very resilient economy; able now to do business with Asia, and not rely so much on just selling stuff to the West," he added.

On Monday, the Nikkei was down nearly 1 percent, after having closed above the 10,000 level last week for the first time in 8 months.

Contact Europe News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    › Learn More

Europe Video

  • Andy Newland, managing director at Tony Fresko, explains how the use of new technology is helping move this ice cream truck company from a "paper-based business" to a "21st century" business.

  • Jonny Forsyth, global drinks analyst at Mintel, comments on Heineken and Carlsberg's earnings, and says Carlsberg is now suffering from its heavy exposure to Russia.

  • DeAnne Julius, chairman at Chatham House and Karen Ward, senior global economist at HSBC, discuss the dissent within the Bank of England regarding the timing of an interest rate hike.