Equity Derivatives Broker - Delta One Japan, Vantage Capital Markets Japan

François-Xavier Pustoc'h

Equity Derivatives Broker - Delta One Japan

Independent Financial Broker

Vantage Capital Markets Japan

We provide world class financial solutions to our extensive institutional client base including rapidly growing corporations, leading investment banks, commercial banks, asset managers, private equity funds, family offices and hedge funds.

Our services include capital market offerings and placements, wholesale brokerage and execution of cash and derivative products (both listed and OTC) across a range of asset classes.

VCM has offices in London, Hong Kong, Tokyo and Dubai from where we service our global client base. Our strength lies in the experience and quality of our teams, supported by excellent operations and infrastructure.

Macroeconomics

<ul><li>Japanese Equities down 9.77% vs. World -2.81% and US -5.21%.</li><li>Japan Sectors: Nonferrous Metal down 20.0%, Oil &amp; Coal Products -17.89%, Banks 22.29%</li><li>JPY 10Y Rates down 40bps, ITRAXX Japan 5Y going up 9.64pt at 65.80</li></ul>

Japanese Equities down 9.77% vs. World -2.81% and US -5.21%.Japan Sectors: Nonferrous Metal down 20.0%, Oil &amp; Coal Products -17.89%, Banks 22.29%JPY 10Y Rates down 40bps, ITRAXX Japan 5Y going up 9.64pt at 65.80

Weekly Macroeconomic Report (April 4th, 2025)

<ul>
<li>Japanese Equities down 6.3% vs. World -1.61% and US -2.49%. Chinese Equities almost unchanged while Korea and Taiwan down around 4.5%.</li>
<li>Japan Sectors: Nonferrous Metal down 12.22%, Oil &amp; Coal -9.49%, Banks -7.93% </li>
<li>JPY 5Y Rates down 8bps, ITRAXX Japan 5Y going up 2.37pt at 57.37</li>
</ul>


Japanese Equities down 6.3% vs. World -1.61% and US -2.49%. Chinese Equities almost unchanged while Korea and Taiwan down around 4.5%.
Japan Sectors: Nonferrous Metal down 12.22%, Oil &amp; Coal -9.49%, Banks -7.93% 
JPY 5Y Rates down 8bps, ITRAXX Japan 5Y going up 2.37pt at 57.37


Weekly Macroeconomic Report (April 2nd , 2025)

Equity Derivatives

TSE Tokyo Price Index TOPIX / Equity Derivatives

<ul><li>The Nikkei 225/TOPIX ratio is underperforming due to the rally in banks and insurance stocks.</li><li>The TPNBNK/TOPIX ratio has returned to its 2013 level.</li><li>The TSEREIT/TOPIX ratio is now trading at a 15-year low.</li></ul>

The Nikkei 225/TOPIX ratio is underperforming due to the rally in banks and insurance stocks.The TPNBNK/TOPIX ratio has returned to its 2013 level.The TSEREIT/TOPIX ratio is now trading at a 15-year low.

<ul>
<li>Japanese Equities up 1.8% vs. World +1.22% and US +2.89% while HSCE was down 6.1%.</li>
<li>Japan Sectors: Real Estate up 6.22%, Mining +4.66%, Banks +4.20%</li>
<li>JPY 5Y Rates up 5bps, ITRAXX Japan 5Y jumped 4.3 pt.</li>
</ul>


Japanese Equities up 1.8% vs. World +1.22% and US +2.89% while HSCE was down 6.1%.
Japan Sectors: Real Estate up 6.22%, Mining +4.66%, Banks +4.20%
JPY 5Y Rates up 5bps, ITRAXX Japan 5Y jumped 4.3 pt.


Weekly Macroeconomic Report (26 March 2025)

<ul>
<li>Past performances of NKY and TPX are showing some strength at the end of calendar year and weakness around the summer.</li>
<li>April &amp; May are positive months for Japan Equities in average.</li>
<li>USDJPY showing positive returns from March to June in average.</li>
</ul>


Past performances of NKY and TPX are showing some strength at the end of calendar year and weakness around the summer.
April &amp; May are positive months for Japan Equities in average.
USDJPY showing positive returns from March to June in average.


Japan

The Nikkei-225 Stock Average is a price-weighted average of 225 top-rated Japanese companies listed in the First Section of the Tokyo Stock Exchange. The Nikkei Stock Average was first published on May 16, 1949, where the average price was ¥176.21 with a divisor of 225. 

Nikkei 225 (NKY INDEX)

Weekly Macroeconomic Report (April 4th, 2025)

Japanese Equities down 9.77% vs. World -2.81% and US -5.21%. Japan Sectors: Nonferrous Metal down 20.0%, Oil & Coal Products -17.89%, Banks 22.29%

Vantage Capital Markets Japan

Weekly Macroeconomic Report (April 2nd , 2025)

Japanese Equities down 6.3% vs. World -1.61% and US -2.49%. Chinese Equities almost unchanged while Korea and Taiwan down around 4.5%. Japan...

Vantage Capital Markets Japan

Japan Equity Indices Vs. TOPIX Ratios

The Nikkei 225/TOPIX ratio is underperforming due to the rally in banks and insurance stocks. The TPNBNK/TOPIX ratio has returned to its 2013 level.

Vantage Capital Markets Japan

Weekly Macroeconomic Report (26 March 2025)

Japanese Equities up 1.8% vs. World +1.22% and US +2.89% while HSCE was down 6.1%. Japan Sectors: Real Estate up 6.22%, Mining +4.66%, Banks...

Vantage Capital Markets Japan

Japan Equities Seasonality

Past performances of NKY and TPX are showing some strength at the end of calendar year and weakness around the summer. April & May are...

Vantage Capital Markets Japan