Daily Brief Thematic (Sector/Industry): Ohayo Japan |SPX -1.1% as Equities Start to Heed Debt Risks; NUGGET: JP Autos- Painful EV Transition and more

• OVERSEAS. SPX Closed -1.1% as US Debt Default risks rise; Democrats and Republicans still far apart;  STRONG US new home Sales; Boeing says Supply Chain Resolution will take Time
• JAPAN. NKY Futs -0.9% vs Cash; Japan likely falls 2nd day ; JP Real Wages Fall most in 8 years; S&P Cuts Softbank’s Debt in deeper Junk – Company protests
• NUGGET. Japanese Automaker face massive R&D and Capex spend for years to come as they transition to EVs. Free Cash Flow likely turn negative, and profits stagnate.

In the next installment of our Webinar Wednesdays, we go live with Smartkarma Insight Provider, Alexis Dwek, as he will be sharing with us his insights on the opportunities in Europe equities. Join us, as Alexis shares with us the developing trends in Europe, the opportunities that lie ahead and what’s next for equities in Europe.

The webinar will be hosted on Wednesday, 31 May 2023, 17:00 SGT/HKT.

Alexis Dwek has been covering pan-European companies for close to a decade. With experience in three hedge funds, an underlying emphasis has always been placed on meeting the management teams of companies. Alex is passionate about equities and has been since a young age – ever since he started reading books from investors like Charles Munger, Benjamin Graham, and Warren Buffet.

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