In today’s briefing:
- Ohayo Japan | Stocks Gain; Eyes on NFP, Gov’t Shutdown Risk
- Japan Morning Connection: US Higher Despite Upcoming Govt Shutdown and Potential Delayed Jobs Data
Ohayo Japan | Stocks Gain; Eyes on NFP, Gov’t Shutdown Risk
- Equities rose Friday, DJIA +300pts (+0.6%), SPX +0.6%, NDX +0.4%, but weekly losses persisted; Aug core PCE hit 2.9%, markets expect two 25bps Fed cuts.
- Week ahead: Sep NFP Fri expects +150k jobs, 4.3% unemp; labor data, factory orders, construction spending due; Nike Tue EPS $0.28, rev $11B; US govt shutdown risk Tue.
- Nidec files delayed FY25 report due to overseas subsidiary customs duty issues; PwC Japan issues disclaimer opinion amid ongoing improper accounting probe, risking TSE special caution designation.
Japan Morning Connection: US Higher Despite Upcoming Govt Shutdown and Potential Delayed Jobs Data
- US eyeing rules for tech companies to buy 1:1 domestic made chips vs imported. Globalfoundries and Intel both strong.
- Boeing strong after Turkey order, although the big catalyst will be China orders after a 5-year hiatus.
- Musk comments that tesla was busy scaling the Optimus may help Harmonic Drive catch big after woeful perf last week.
💡 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
