But the market tone
may not be set even after the election, as it's not certain that Greece will secede from the eurozone right away, no matter which political party wins, and trading may remain directionless for a little longer," he added.
The fragility of investor sentiment is on display this morning as Thursday's upbeat market tone
has failed to extend to
The general weak housing market tone
was underscored by the median home price, which at $166,500 was 4.
The weaker market tone
is largely due to the expected arrival of additional output from a new Asian production facility during Q4 2010.
The data can often set the market tone
for a week or two, especially at a time when the US Federal Reserve is mulling when to start raising interest rates.
The better labour market tone
was also captured by a survey yesterday showing an acceleration in manufacturing activity in theMid-Atlanticregion, accompanied by a rise in factory jobs.
His comments reflect the market tone
that there should be some sort of resolution to this in the coming days and it is not going to turn out to be a protracted affair," he said.
Looking ahead, Hiroki said trading will likely remain directionless and a market tone
will not be set before going through a slew of key events including Greece's June 17 election and a meeting of European leaders slated for later this month.
Despite a Strongly Negative Market Tone
, Signs of Life Appear
The latest setback in the Nikkei kept traders around the world on edge as investors position themselves for the monthly US nonfarm payrolls report on Friday, often a release that sets the market tone
for a week or two after its release.
They often set the market tone
for a week or two after their release but may garner more attention this month following Thursday's surprise news of the US economic contraction.
jobs data will probably contribute to confirming the market tone