In today’s briefing:
- Ohayo Japan | Nikkei Outpaces Global Stocks; Busy Week Ahead
- Crisis in the Red Sea, if This Persists, We May Need to Rethink About Victory over Inflation
Ohayo Japan | Nikkei Outpaces Global Stocks; Busy Week Ahead
- In the upcoming week, market focus includes U.S. retail sales, bank earnings, Davos discussions on global economic challenges, China’s GDP figures, and volatile oil prices amid geopolitical tensions.
- Fujitsu faces scrutiny in Britain regarding potential compensation for post office operators falsely accused of embezzlement due to glitches in its accounting system from the 1990s into the 2010s.
- Yaskawa’s 9M financials show a 6% YoY net profit decline at 34bn yen. Motors and robotics, witnessed profit growth despite Chinese economic uncertainties. Orders may be bottoming
Crisis in the Red Sea, if This Persists, We May Need to Rethink About Victory over Inflation
- The U.S. and the UK have struck multiple military assets across Yemen in a bid to cripple the Houthis’ ability to target commercial ships and to send “a clear message”
- The Houthis are a battle-hardened regime, they are still around after an eight-year war with Saudis and the U.A.E, and chances are attacks over the Red Sea will increase
- Shipping rates have soared, and air freight will likely follow soon. Bad news for the flight against inflation
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