In today’s briefing:
- Ohayo Japan: Oil Bubbles Higher but Stocks Quiet Ahead of Fed Meeting
- China Housing – Weekly Data Does Not (Yet) Show Impact Of Policy Easing
- China TMT Update-U/ATAT/LI-Unity to Adjust Fees/Pre-Booking Travel on National Day/New Wenjie M7
- Inaugural Industry Report Tracks Stocks, Fundamentals, and Economic Drivers
- The Highlights – Cannabis News for the Week Ending September 15, 2023
- Weekly Sustainable Investing Surveyor Week Ended September 15, 2023
Ohayo Japan: Oil Bubbles Higher but Stocks Quiet Ahead of Fed Meeting
- OVERSEAS: US stocks marginally higher; oil rises to almost $95/bbl; market expects Fed to remain on hold this week, while economists expect a hike
- JAPAN: Topix earnings expected to rise by 4-7% this year; shortage of qualified independent directors (especially women) becoming an issue; potential job cuts at 7&I
- JAPAN X: Global offshore wind projects facing cost pressures but Japan’s latest bids are done. Results by year end; trading companies and heavies likely biggest beneficiaries
China Housing – Weekly Data Does Not (Yet) Show Impact Of Policy Easing
- The weekly data for new home sales for 18 cities with consistent data to the week ending September 10 does not show pickup signs, despite some media buzz after easing
- But we expect the impact to start showing in the next weeks
- In the meantime, using weekly metrics as predictors of the direction of the national monthly figures, suggests no real improvement YTD y/y so far for Sep
China TMT Update-U/ATAT/LI-Unity to Adjust Fees/Pre-Booking Travel on National Day/New Wenjie M7
- U:Unity to Adjust Previously Established Runtime Fees Due to Developer Pressure (/)
- ATAT： Pre-booking travel volume on National Day continue to ramp up（+）
- LI: New Wenjie M7 order volume exceeded expectations, continuing to threaten LI (-)
Inaugural Industry Report Tracks Stocks, Fundamentals, and Economic Drivers
Herein we inaugurate the WTR Furniture/Furnishings Weekly. Under “Statistics”, we recap stock price performance for select issues in three sectors: Commercial/Contract Furniture, Residential Manufacturers & Suppliers, and Home Goods Retailers.
Inside, we present data on company operating performance and valuation. Pertinent economic data/charts to furniture/furnishings issues follow.
This front-page column, and additional text, if needed, will be devoted to news tidbits.
The Highlights – Cannabis News for the Week Ending September 15, 2023
Global equities were fairly flat this week, with the MSCI World Index +0.40% and the S&P -0.48%.
The NASDAQ was down 0.39%, while the small-cap Russell 2000 dropped 0.17%.
Rising oil prices boosted value stocks, while Apple’s uninspiring new product introductions weighed on the tech sector.
Weekly Sustainable Investing Surveyor Week Ended September 15, 2023
- The WTR Sustainable Index outperformed the broader market, rising 0.8% W/W versus the S&P 500 Index (down 0.2%), the Russell 2000 Index (down 0.2%), and the Nasdaq Index (down 0.5%).
- Energy Technology (15.0% of the index) contributed to the index’s outperformance, rising 1.2%, while Industrial Climate and Ag Technology (45.3% of the index) was down 2%, ClimateTech Mining was up 2.6%, and Advanced Transportation Solutions was up 3.7%.
- Top 10 Performers: MULN, CMC, FFIE, NKLA, CRGE, WUC, NNOMF, XOS, AZRE, CPTN
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