In today’s briefing:
- India’s Steel Market Turns Constructive, With Imports Emerging as the Wildcard
- Japan Weekly Strategy | Oil Back Above $100; Refiners Gain, Long-Duration Growth Lags
- AUCTUS ON FRIDAY – 11.09.2026
- European Software: Q2 2026 Takeaways – Big Guys Are Holding Up Well
- Exencial Filings Daily – 11-09-2026
- Exencial Morning Charts – 11-09-2026
India’s Steel Market Turns Constructive, With Imports Emerging as the Wildcard
- The steel market is tightening fast: demand is running ahead of production, while higher coking coal costs strengthen the case for price hikes.
- Export momentum is broadening mills’ demand pool, with Asian markets emerging as an increasingly important outlet for Indian steelmakers.
- Imports are the catch: rising Chinese inflows could put a ceiling on domestic prices, limiting how far mills can push realizations.
Japan Weekly Strategy | Oil Back Above $100; Refiners Gain, Long-Duration Growth Lags
- Japanese equities sold off this week as an old-fashioned energy shock drove the market.
- WTI crude rose 10% to >$100 as the US-Iran conflict escalated
- The 10-year JGB yield rose a further 8bp to 2.98%, near multi-decade highs. The Nikkei 225 fell 1.6%
AUCTUS ON FRIDAY – 11.09.2026
- AUCTUS PUBLICATIONS ________________________________________ Criterium Energy (CEQ CN)C; Target price of C$0.40 per share: Facility sharing contract signed – Criterium has signed a facility sharing agreement with Jindi, granting access to the 30 mmcf/d TRGP and 60 km pipeline to the Sekernan gas sales point.
- This represents the last commercial hurdle to reach first gas.
- Corcel (CRCL LN)C; Target price of 1.40p per share: Angola approves increased position in KON-16.
European Software: Q2 2026 Takeaways – Big Guys Are Holding Up Well
- European growth remains subdued, but large-cap software vendors are proving resilient, with Top 10 lfl revenue growth reaching 9.7%, versus 3.0% for the broader market.
- North America continues to outperform Europe, with lfl revenue growth accelerating to 13.3% and reaching 25.9% among the ten largest software companies.
- Software M&A remains strong but concentrated, with USD 145bn of transactions above USD 200m year-to-date, driven primarily by strategic buyers rather than private equity.
Exencial Filings Daily – 11-09-2026
- AED, CAD, GBP, EUR, CHF, USD; up to USD 3,000/transaction (notes)
- No critical or major observations; plant ~30% of international business
- Magnet winding wires; 28,800 MTPA; valid till 31 Aug 2027
Exencial Morning Charts – 11-09-2026
- India’s 178 big reservoirs are 70.7 percent full, a fifth less water than a year ago, with the South at just 54.5 percent.
- Brent closed back above $100 on 9 September, 110 days after its March crossing and up about 65 percent since January.
- BSE mainboard IPOs are near 62 by 8 September, matching the 2021 boom and chasing 2025’s record of about 103.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
