In today’s briefing:
- Good Morning Japan |Fed Hike, Powell Speech ? Equities Beyond as Optimism Abounds,from Spotify to GM
- China’s Micro Loan Market: Key Takeaways from the Jan PMI
Good Morning Japan |Fed Hike, Powell Speech ? Equities Beyond as Optimism Abounds,from Spotify to GM
- OVERSEAS. SPX makes up for yesterday’s loss and more; Markets look past Fed and focus on earnings recovery; Its all about the Pause; GM Beats but CAT misses; Awaiting AAPL
- JAPAN. NKY Futs +0.6% Cash; USDJPY 130.11; Labor Shortages worsening (again), Firms desperate; BYD seeks to Capture JP EV Market; Komatsu Beats; Lasertec Misses.
- DAILY NUGGETS. 6h 37m: The Average Time Spent Using the Internet. Japan the outlier..for the better ?
China’s Micro Loan Market: Key Takeaways from the Jan PMI
- The Jan. PMI readings corroborate what investors had already known over the break. But it is noteworthy that SMEs appear much less upbeat than large corporations.
- SMEs account for 60% of GDP and an even higher proportion of job creation. Policy support has been keeping many of them afloat throughout the pandemic.
- As the deadline on the PBOC’s SME support program is fast approaching, small regional banks may bear the brunt of the impact on the financial system.
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