In today’s briefing:
- Ohayo Japan | Wall Street Mixed as Inflation Pressures Mount, Bank Earnings Disappoint
- Japan Morning Connection: Only Tech in the Green After Dovish Stance Against AI Chips to China
- Cooling Inflation Opens the Door: Is RBI Ready to Cut Rates Further?
Ohayo Japan | Wall Street Mixed as Inflation Pressures Mount, Bank Earnings Disappoint
- The Nasdaq rose 0.18% to a new high, supported by a 4% gain in Nvidia following optimism over resuming GPU sales to China.
- Treasury yields climbed, with 30-year yields reaching 5% and breakeven rates at 20-week highs; yesterday, 10-year JGB yield rose above 1.59%, highest since 2008.
- Nissan Motor will discontinue production at its Oppama Plant in Yokosuka
Japan Morning Connection: Only Tech in the Green After Dovish Stance Against AI Chips to China
- NVDA and AMD saving the market after weak banks earnings set a sour tone.
- Chips news a big win for demand for Samsung memory which should play well for Micronics.
- Apple cutting a manufacturing deal with MP Materials reiterates importance of rare earths access.
Cooling Inflation Opens the Door: Is RBI Ready to Cut Rates Further?
- India’s June CPI inflation fell to 2.1%, well below forecasts, driven by easing food prices and stable core inflation components.
- Real interest rates have widened, creating clear space for RBI to ease policy, though upside risks may delay immediate action.
- A gradual rate cut cycle appears likely in H2 FY26, contingent on sustained disinflation, global cues, and stable core pressures.
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