In today’s briefing:
- Japan Weekly | Dow Jones Hits 40,000 Amidst Rate Cut Expectations
- China Railway Stocks Back on Track
- GEMWeekly (17 May 2024): China, India, Malaysia Macro; NetEase, Kakao, Prosus, Naspers
Japan Weekly | Dow Jones Hits 40,000 Amidst Rate Cut Expectations
- Friday marked a historic milestone as the Dow soared past the 40,000 mark for the first time, buoyed by promising data that supported expectations of Fed interest rate cuts
- Nvidia’s financial results announcement on the 22nd is the key event to watch in the coming week
- Shares in Isetan Mitsukoshi rose by over 20% after reporting FY23 operating profit up 83.6% to ¥54.3bn, driven by strong department store sales and cost reforms.
China Railway Stocks Back on Track
- China has unveiled measures to emphasize a major push for passenger and freight movement by railroad
- Rolling stock companies play catch-up from the COVID under-investment years
- High speed freight trains on near term horizon to compete with highway for e-commerce business
GEMWeekly (17 May 2024): China, India, Malaysia Macro; NetEase, Kakao, Prosus, Naspers
- The Global Emerging Markets Weekly summarizes the key news and related developments impacting the largest countries and constituents of the Global Emerging Markets equity indices.
- Macro data points: Chinese loan growth, inflation, and economic activity data. Indian inflation. Malaysian GDP growth.
- Companies mentioned:NetEase (9999 HK), Kakao Corp (035720 KS), Prosus NV (PRX NA), Naspers (NPN SJ)
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