President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move, sources told CNBC Monday.Technologyread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
The meeting comes amid months of stalled trade talks between Washington and New Delhi, resulting in both sides taking retaliatory measures.Asia Politicsread more
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
* Yaskawa Electric's 1Q earnings in focus
* Japan Post hits record low
* Bandai untraded with glut of buy orders on inclusion in Nikkei
TOKYO, July 11 (Reuters) - Japan's Nikkei advanced on Thursday morning after the Federal Reserve chief cemented expectations of a U.S. rate cut later this month, while Japan Post Insurance dived after it admitted mismanagement in handling insurance policies.
The Nikkei share average was up 0.4% at 21,620.21 in midmorning trade.
Nintendo Co soared 3.8% and was the most traded stock by turnover after the company introduced Nintendo Switch Lite, a device dedicated to handheld game play.
On Wednesday, Federal Reserve Chairman Jerome Powell reassured investors about the potential for an interest rate cut later this month. Powell said the central bank stands ready to "act as appropriate" to support a record-breaking leg of U.S. economic growth.
Analysts said that with Powell's remarks confirming market expectations for a rate cut at the Fed's two-day meeting ending July 31, investors' attention switched to Japan Inc's first-quarter earnings results.
"The market had expected a 30 basis U.S. rate cut. There was no surprise to that," said Makoto Kikuchi, the chief executive of Myojo Asset Management. "Investors' focus has shifted to Yaskawa's earnings."
Yaskawa Electric Corp, a motion control equipment maker with exposure in China, usually kicks off the earnings season in Japan and is slated to report its first-quarter results after the market close. Yaskawa's result will be monitored closely by investors as it's seen as an indicator of Chinese demand.
The insurance sector underperformed the market, after Japan Post Insurance Co plunged more than 6% to hit a record low after the company on Wednesday admitted mismanagement in connection with more than 90,000 insurance policies.
Bandai Namco Holdings was untraded with a glut of buy orders after Nikkei Inc said it will add the stock to the Nikkei 225 average.
The broader Topix gained 0.5% to 1,578.52. (Editing by Shri Navaratnam)