In today’s briefing:
- Good Morning Japan | Inflation Slain? = Buy Everything Rally
- Cosmetics-Makers Slash Double 11 Marketing Budgets as Consumer Spending Slumps
Good Morning Japan | Inflation Slain? = Buy Everything Rally
- Good Morning Japan: We strive to provide the best macro, stock and thematic overnight news that will impact the trading day in Japan. Like this ? Feedback appreciated !
- BUY EVERY RALLY: Equities, USD, Yen – market now priced in peak CPI and Fed Pivot. Still, we have a ways to go.
- NKY to up 1.8% vs cash; Yen now 141 handle – not positive for all companies; Buybacks continue at a torried pace; Machine Tools -YoY. Negative Fanuc
Cosmetics-Makers Slash Double 11 Marketing Budgets as Consumer Spending Slumps
- China’s cosmetics companies are just one sector to have cut marketing budgets for this year’s “Double 11” shopping season as retail spending continues to dwindle and logistics services suffer amid Covid-19 outbreaks.
- Merchants are focusing on sales growth during the annual e-commerce bonanza instead of spending vast sums on marketing and promotional campaigns.
- The Double 11 event, also known as “Singles’ Day,” is one of the biggest money-earners in the retail calendar.
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