In today’s briefing:
- Ohayo Japan | Inflation Data Fuels Fed Rate-Cut Hopes
- Japan Morning Connection: Record Defense Budget and Nikkei Rebalance Set to Boost Related Stocks
Ohayo Japan | Inflation Data Fuels Fed Rate-Cut Hopes
- U.S. stocks closed a volatile week and month on a positive note; The Dow Jones rose 0.6%, the S&P 500 gained 1%, and the Nasdaq added 1.1%
- Tokyo’s core inflation accelerated to 2.4% in August, exceeding expectations and the Bank of Japan’s 2% target
- Cboe Global Markets is acquiring a 14.8% stake in Japannext, a proprietary trading system provider, from SBI Holdings
Japan Morning Connection: Record Defense Budget and Nikkei Rebalance Set to Boost Related Stocks
- News Intel may be looking to restructure and even sell its fab business, a slight negative for Japanese SPE suppliers.
- Japan upping defence budget to a record high a positive for related names, including KHI which has been excessively weak on the news it fabricated data for marine engine business.
- Nikkei Inc. is expected to announce results for 30th September rebalance today or tomorrow which may see big buying for the likes of Ryohin Keikaku, NRI and possibly one other.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
