In today’s briefing:
- Ohayo Japan | US Stocks Slip Ahead of Fed
- There Is Now a Real Drag on Japanese Consumer Markets: Labour
- Singapore Market Roundup (08-Dec-2025): DBS: Singapore hotels nearing market equilibrium.
- US Banks – Further Accelerating Loans 5.4% YoY, Benign 0.56% LLR YoY, Credit Conditions Very Good
- Exencial Industry Tidings 08/12/2025
Ohayo Japan | US Stocks Slip Ahead of Fed
- US stocks eased ahead of the Fed meeting as rate-cut expectations rose, while Warner Bros. Discovery surged on a hostile bid, Netflix fell.
- Nvidia rose after Trump said the U.S. will allow H200 AI chip exports to China with per-chip fees, despite concerns over aiding China’s military
- Nintendo shares have pulled back despite strong early Switch 2 traction and raised guidance, with holiday data and upcoming catalysts suggesting potential for further forecast upgrades.
There Is Now a Real Drag on Japanese Consumer Markets: Labour
- The labour shortage is fast becoming a serious economic burden and not just a statistical conundrum.
- There are now growing numbers of consumer-facing SMEs going out of business because of staff shortages while bigger firms are cutting back services and stores.
- PM Takaichi is signalling a reduction in immigration, so the country needs other solutions if it is to avoid significant contraction in consumer markets.
Singapore Market Roundup (08-Dec-2025): DBS: Singapore hotels nearing market equilibrium.
- DBS: Singapore hotels are moving towards market equilibrium.
- SAC Capital rates Lincotrade & Associates as ‘buy’ with a target of 30.1 cents.
- Lim & Tan Securities raises Lum Chang Creations’ TP to 70 cents, adds to top picks.
US Banks – Further Accelerating Loans 5.4% YoY, Benign 0.56% LLR YoY, Credit Conditions Very Good
- US banks show continued strength and the overall economy, from the weekly balance sheet data and the CP market
- Total loans continue to accelerate in most recent week to 5.4% and loan loss reserves show almost no growth, for many weeks
- CP growth rate is less, but it remains high at 26% and this is a good sign of industrial demand for working capital
Exencial Industry Tidings 08/12/2025
- Indian fertiliser companies form JV with Uralchem Group to set up urea plant in Russia
- Passenger vehicle retail sales jump 20% in November 2025 amid lower inventory
- India reaches 50 % installed power capacity from non-fossil sources
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