JAPAN MARKET
US stocks tick higher as Fed rate cut expectations firm
Stock values are slightly increasing today. Investors are awaiting economic data this week. This data will influence the Federal Reserve's decision on interest rates. AppLovin and Robinhood Markets will join the S&P 500. EchoStar will sell licenses to SpaceX. Japan's economy grew more than expected. Shigeru Ishiba plans to resign. Markets in Europe and Asia are mostly up.
Japan's Topix hits record high, yen and bonds fall on PM Ishiba exit
Japan's Topix share gauge reached a record high, the yen weakened and longer-dated bonds slid on Monday after Prime Minister Shigeru Ishiba's resignation stoked speculation that his successor will raise government spending.
Japan's stressed bond market, stocks brace for PM Ishiba exit reaction
Japan's stressed government bond market and soaring stocks are set for more volatility on Monday after the resignation of fiscal hawk Prime Minister Shigeru Ishiba.
Japan's Topix hits record high, yen falls as PM Ishiba resigns
Following Shigeru Ishiba's resignation, Japan's Topix index reached a record high, while the yen weakened amid speculation that his successor will increase government spending. Sanae Takaichi, a potential candidate known for expansionary fiscal policies, is seen as positive for equities but potentially challenging for the bond market.
GIFT Nifty up 80 points; here's the trading setup for today's session
Equity indices remained flat, buoyed by positive global cues and auto stock purchases. Despite global trade uncertainties, a simplified GST framework and strong domestic macros are expected to support market momentum. Technically, the Nifty may rise towards 25,150-25,250 if it decisively surpasses 24,750, with support at 24,500.
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Asian stocks gain on rate cut optimism, yen dives after Ishiba resigns
Following weak U.S. jobs data, stocks rose amid expectations of Federal Reserve rate cuts, while the dollar weakened. Japan's yen declined due to political uncertainty after Prime Minister Ishiba's resignation, raising concerns about future monetary policy. Gold prices remained near record highs as investors awaited U.S. inflation data and monitored political developments in France.
Volatility risks rise in Japan with the exit of PM Ishiba
Japanese markets brace for instability as Prime Minister Ishiba's departure looms, triggering yen pressure and potential sovereign bond sell-offs. Uncertainty surrounds the fiscal policies of potential successors and the Bank of Japan's rate hike trajectory. Concerns over rising JGB yields could spill over into global debt markets, already sensitive to fiscal pressures.
Sandeep Goyal eyes Dentsu's non-Japanese ad business
Sandeep Goyal is in talks to acquire Dentsu's global business excluding Japan. The advertising giant's global operations are up for sale. Goyal sees this as a valuable opportunity. Dentsu's global business includes 66,000 employees across 143 countries. Goyal believes rebuilding the business into a profitable venture is possible. Major holding companies may not bid. Accenture could be a potential bidder.
LNJ GreenPET, Japan-based Sumitomo Corp sign pact to create robust r-PET value chain
LNJ GreenPET and Sumitomo Corporation partner for recycled plastic in India. The collaboration focuses on r-PET project. Both companies will study the Indian market. Sumitomo will source r-PET flakes. They will work on sales channels. The partnership aims to boost India's circular economy. It will address plastic waste. The collaboration supports sustainable packaging solutions.
5 world market themes for the week ahead
Global markets brace for a week of pivotal economic data from the U.S., China, and Japan, alongside key central bank meetings. Investors are keenly awaiting the U.S. inflation report, influencing potential Federal Reserve rate cuts. Political uncertainties in France and Norway add to the market's cautious sentiment.
Will Fed chair Jerome Powell cut rates following the weak jobs report?
August jobs report marks the fourth consecutive month of cooling labor growth, strengthening the case for a rate cut at the Fed’s September 16–17 meeting. Chair Jerome Powell has already signaled that policymakers are monitoring the slowdown closely.
Dollar holds ground as bonds find footing, jobs data looms
The dollar steadied as bond markets recovered, awaiting crucial U.S. jobs data that could reinforce expectations of a Federal Reserve rate cut. Investors are cautiously optimistic, with many believing the dollar is currently undervalued and poised for a rebound after the anticipated rate cut. Meanwhile, the yen gained ground following details of a finalized U.S.
Asian shares join global rally before US jobs data
Asian shares experienced early gains following a Wall Street rally fueled by signs of a cooling US labor market, reinforcing expectations of Federal Reserve rate cuts. Japan's Nikkei-225 surged after President Trump's trade agreement implementation. Investors are closely watching upcoming jobs data, hoping for a gentle deceleration that prompts Fed action without signaling deeper economic concerns.
Japan's Nikkei rebounds as tech shares mirror Wall Street peers
Japan's Nikkei share average rebounded on Thursday from a nearly one-month low in the previous session, as domestic technology stocks led the rally following overnight gains among U.S. peers.
Japan 30-year auction tests a jittery bond market as global yields surge
Global debt markets are uneasy due to increasing fiscal deficits. Japan's super-long government bond auction is the latest test. Thirty-year bonds are a pain point for Japan, the US, and Europe. Investors demand higher yields for holding longer debt. Japan's Ministry of Finance aims to sell 30-year paper. Political uncertainty and global yield increases affect the JGB market.
Dollar weak as cracks in US labour market spur rate cut bets
The U.S. dollar weakened amidst bond market volatility and concerns over a softening labor market, reinforcing expectations of a Federal Reserve rate cut this month. Weak job openings data and dovish Fed comments spurred a rally in Treasuries, pushing yields lower. Investors are also focused on rising bond yields globally, reflecting concerns about the fiscal health of major economies.
Asian stocks rise as weak US jobs fuel Fed bets
Asian equities rose, mirroring Wall Street's gains, as weak US job openings data fueled expectations of a Federal Reserve interest-rate cut. Markets are pricing in a September cut and anticipating at least two reductions this year.
Euro zone bond yields lower at end of volatile day
Euro zone bond yields were set to finish a volatile day lower on Wednesday, as the recent global selloff eased with help from U.S. labour market data that supported bets on a Federal Reserve rate cut this month.
Japan's budget demands hit record $831 billion as political uncertainty increases
Japan's budget requests for the next fiscal year have reached a record high for the third consecutive year, totaling 122.45 trillion yen, driven by rising debt-servicing costs, defense spending, and social security outlays. Political uncertainty surrounding Prime Minister Ishiba's leadership and potential changes within the LDP are fueling market concerns about fiscal health.
Citibank appoints Kaustubh Kulkarni as co-head of investment banking for Asia-Pacific
Citibank has appointed Kaustubh Kulkarni as co-head of investment banking. He will oversee operations in Japan, North Asia, Australia, and South Asia. Kulkarni will join from JPMorgan. He will be based in Singapore. Vikram Chavali and Deepak Dangayach have also been appointed to key roles. Citi's investment banking revenues increased by 15% in the second quarter.
Japan's super-long bonds fall as PM Ishiba's aide intends to resign
Japanese super-long dated bonds experienced a downturn, pushing yields to unprecedented highs amid renewed concerns about the nation's financial stability. This market reaction followed news of a close aide to Prime Minister Shigeru Ishiba intending to resign. The 30-year JGB yield surged by 8 basis points to 3.28%, while the 20-year JGB yield climbed 7 bps to 2.
GIFT Nifty down 50 points; here's the trading setup for today's session
Equities experienced a slight downturn on Tuesday, reversing earlier gains driven by positive macro data due to profit booking. Investors are keenly awaiting the GST Council meeting. Technically, the daily RSI indicates a bearish trend, with support at 24,500 and resistance at 24,700. The rupee weakened to a record low of 88.15 against the US dollar.
Treasuries stabilize after debt-sale jitters and budget concerns rattle markets
Treasuries stabilized in Asian trading following corporate-debt sales and budget worries that impacted bonds and stocks. US 30-year bond yields remained near 5%, affecting tech shares, while Japan's ultra-long bonds also declined. Investors are navigating economic data, tariffs, Fed policy, and fiscal outlooks as the S&P 500 experiences minimal gains.
Dutch tech giant ASML eyes India partnership as PM Modi pushes for local chipmaking
ASML is exploring opportunities in India as Prime Minister Modi aims to boost domestic chip production. The company plans to expand partnerships with Indian firms, offering advanced lithography solutions. This move aligns with India's ambition to establish a local semiconductor ecosystem, even as ASML faces global trade tensions and export restrictions in key markets like China.
Semicon India 2025: PM Modi hails India’s fab power as key to the world’s biggest change
Prime Minister Narendra Modi inaugurated Semicon India 2025, emphasizing India's commitment to semiconductor self-reliance and global leadership. He highlighted the world's trust in India's potential to shape the semiconductor future, envisioning a comprehensive ecosystem beyond manufacturing. India's semiconductor market is projected to reach $100-110 billion by 2030, driven by national strategies to boost domestic chip production.
Benchmark JGBs rally after auction shows strong demand
Japanese government bonds saw a surge after a successful auction. Demand for the 10-year notes was the highest in almost two years. Bank of Japan official Ryozo Himino suggested further interest rate hikes. Focus is now on the upcoming 30-year bond auction. Political uncertainty and government spending plans are also impacting the market. The 30-year JGB yield increased slightly.
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