Nikkei Falls 0.7% as Investors Await Key U.S. Economic Data
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 16 2024
0mins
Source: WSJ
Japan's Nikkei Stock Performance: The Nikkei Stock Average closed 0.7% lower at 38911.19, influenced by investor anticipation of key U.S. economic data, including retail sales and jobless claims; notable declines were seen in Fujikura, MonotaRO, and Bandai Namco Holdings.
New Zealand's NZX-50 Recovery: The NZX-50 rebounded with a 1.0% increase to 12768.54 after a significant drop, driven by gains in utility, infrastructure, and consumer stocks, with large-cap energy companies showing positive performance.
Analyst Views on MCY
About MCY
Mercury General Corporation is an insurance holding company engaged in writing personal automobile insurance business. The Company writes homeowners, commercial automobile, commercial property, mechanical protection and umbrella insurance. Its automobile coverage includes collision, property damage, bodily injury, comprehensive, personal injury protection, underinsured, and uninsured motorists, and other hazards. Its homeowners’ coverage includes dwelling, liability, personal property, and other coverages. It offers standard, non-standard and preferred private passenger automobile insurance. It also offers homeowners insurance in approximately 10 states, commercial automobile insurance in approximately four states, and mechanical protection insurance in various states. Its subsidiaries include Mercury Casualty Company, California Automobile Insurance Company, Orion Indemnity Company, American Mercury Insurance Company, Animas Funding LLC, and Mercury Insurance Company of Illinois.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
