In today’s briefing:
- Smartkarma Webinar | Disclosures and Governance in Indian Banks
- Ohayo Japan| AI Bid; Strong GDP->more Hikes? Stocks Drop; NUGGET: Steel Decarb-Advantage Tokyo Steel
- China Lithium Futures Bounce Back From Debut Bloodbath
Smartkarma Webinar | Disclosures and Governance in Indian Banks
- In the next installment of our Webinar Wednesdays, we go live with Smartkarma Insight Provider Hemindra Hazari
- He will be sharing with us more about Disclosures and Governance in Indian Banks.
- From current opportunities, to what we can expect next in the space, join us as we get the full picture from Hemindra.
The webinar will be hosted on Wednesday, 2 August 2023, 17:00 SGT/HKT.
Hemindra Hazari is a Securities & Exchange Board of India (SEBI) registered research analyst with over 25 years experience in the Indian capital markets with a specialization in banking and economy research and has managerial experience of establishing profitable equities business, leading and mentoring analysts. He has worked with prominent foreign and domestic capital market firms such as UBS, Societe Generale, HSBC, ASK Raymond James and Karvy Stock Broking and is a regular guest on business media channels and is respected for his non-consensus view on stocks and the market.
Ohayo Japan| AI Bid; Strong GDP->more Hikes? Stocks Drop; NUGGET: Steel Decarb-Advantage Tokyo Steel
- OVERSEAS. SOX 1.9% bid as Generative AI drives bid for semis/tech hardware; Booming US Economy as GDP prints 2.4% driving yields higher; But USD weaker vs Yen on BOJ.
- JAPAN. NKY Futures -1% vs Cash; USDJPY 139. 5; Really all about the BOJ as the Nikkei broke news on potential YCC tweak; Earnings deluge: -ve Shin-etsu; Fujitsu.
- NUGGET. Tokyo Steel has more advantages than meets the eye. No need for the massive capex in the crucial process that Nippon Steel or JFE needs to put out. Bullish.
China Lithium Futures Bounce Back From Debut Bloodbath
- China’s lithium futures clawed back some lost ground Tuesday after two straight days of declines in a brutal debut for the contracts, with the most-traded contract holding above the key psychological threshold of 200,000 yuan per ton ($28,010).
- The lithium carbonate contract for January delivery on the Guangzhou Futures Exchange rebounded 6.9% from Monday to close at 225,900 yuan per ton, data from the bourse showed.
- Futures for February to July delivery rose between 7.2% and 8.5% on Tuesday, closing between 191,350 yuan and 213,800 yuan per ton.
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