In today’s briefing:
- Ohayo Japan | US Down 2.5% for the Weeka
- Japan Morning Connection: US Down on Trump Tariff Threat but Deadline Extention Will Lift Mood
- Impact Of Contracting NIM On Indian Banks Earnings
Ohayo Japan | US Down 2.5% for the Weeka
- US markets fell due to Trump tariff plans and rising yields; major indices declined ~2.5%, while gold and Bitcoin rose.
- Tokyo stocks closed last week in negative territory, with the Nikkei 225 falling 1.6% as investors grappled with shifting U.S. monetary policy expectations, yen volatility, and geopolitical tensions
- Key Japan corporate news includes SoftBank’s planned ¥43T fund, Nippon Steel’s ¥2T U.S. Steel investment, and proxy votes at Toyota Industries.
Japan Morning Connection: US Down on Trump Tariff Threat but Deadline Extention Will Lift Mood
- Apple tariff threat likely just another scare tactic with markets failing to react excessively.
- May see further Nuclear follow through after Trumps executive order Friday sends related names soaring.
- Live-Action Elden Ring movie another positive angle for Bandai Namco which also has Gundan on the way.
Impact Of Contracting NIM On Indian Banks Earnings
- Indian banks’ average Net Interest Margins fell 21 basis points in FY25, projected to decline another 9 basis points in FY2026 due to RBI rate cuts and deposit competition pressures.
- Robust credit growth continues while deposit growth lags increasing funding costs. Nonperforming Assets for public and private banks are projected to stabilize or decline.
- Contracting margins squeeze core income, public banks may see profit decline FY26 despite stable asset quality aiding earnings.
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