In today’s briefing:
- OHAYO JAPAN |US Equities Rise as Complacency Reigns; NUGGET: US Debt Limit – What if ?
- China TMT Update (May.16) – 1801HK/1810HK/3690HK: A Review of Meituan’s In-Store Business Strategy
- Mattress Imports : March Imports Bounce 20% Vs. February
- The Highlights : Cannabis News for the Week Ending May 12, 2023
OHAYO JAPAN |US Equities Rise as Complacency Reigns; NUGGET: US Debt Limit – What if ?
- OVERSEAS. SPX up overnight Beta Factors dominated; Still no deal on the US debt limit but markets clearly expect a resolution.
- JAPAN. NKY Futs +0.8% vs Cash; Big earnings day yesterday which saw strong earnings from Megabanks; Bridgstone; and a big BUYBACK from Daiichi Life
- NUGGET. The US Debt Limit – too much complacency ? Markets clearly pricing in 100% probability that this gets resolved..what if..
China TMT Update (May.16) – 1801HK/1810HK/3690HK: A Review of Meituan’s In-Store Business Strategy
- 1801HK: Innovent licensed in KRAS G12C drug obtained NMPA BTD designation but is a late comer（/）
- 1810 HK: Oppo abruptly abandons development of self-developed chips (-)
- 3690.HK: A review of Meituan’s Dazhong Dianping in-store business strategy
Mattress Imports : March Imports Bounce 20% Vs. February
- We track imports for three specific 10-digit Harmonized Tariff System (HTS-10) that define adult mattresses.
- The DoC normally posts detailed HTS import units and customs values on its website ~70 days after the month-end of the month being reported.
- US mattress imports began attracting investor attention after low-cost imports disrupted the production and sales of domestic makers of mattresses, components, and fabric suppliers.
The Highlights : Cannabis News for the Week Ending May 12, 2023
- Global equities fell last week, as investors digested the latest CPI data and debt ceiling news. The MSCI World Index dropped 0.51%, while the S&P 500 fell 0.25%.
- The small-cap Russell 2000 slid 1.00%, while the NASDAQ bucked the trend and gained 0.40%.
- After two strong weeks, cannabis stocks got crushed. The MSOS ETF ended -17.71% and blue-chip operator Trulieve was down 29.02% last week.
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