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Despite soaring stock markets, IPO activity remains sluggish, with many international exchanges experiencing a drought. The disconnect stems from a lack of compelling companies and a shift in investor preference towards stable cash flows over speculative ventures. While some emerging markets show signs of life, overall, the IPO landscape is parched, reflecting deeper systemic issues.
This document is intended solely for Relevant Persons regarding investment activities related to the Company's securities, which are not available to the general public. It emphasizes the risks associated with investments and clarifies that no public offering will occur in jurisdictions requiring registration, including the U.S., Canada, Australia, and Japan. Forward-looking statements are subject to uncertainties, and the Company disclaims any obligation to update these statements.
Japan's Finance Minister Katsunobu Kato has heightened the urgency of monitoring currency fluctuations as the yen reaches a near three-month low against the dollar. He expressed concerns over "one-sided, rapid moves" in the forex markets and emphasized vigilance against speculative trading.
Asian stocks declined, with Japanese, South Korean, and Australian shares falling, while Hong Kong stock futures also dropped. The yen steadied after reaching its weakest level against the dollar since July. Futures for the Nasdaq 100 rose, buoyed by strong earnings from Tesla, as traders adjusted expectations for Federal Reserve rate cuts amid rising Treasury yields. The term premium on 10-year Treasury notes reached its highest since November.
Seven & i Holdings Co. plans to split into two entities and expand internationally, aiming for group revenue of ¥30 trillion ($197 billion) by the 2030 fiscal year, nearly doubling from ¥17.7 trillion in 2023. CEO Ryuichi Isaka highlighted the strategy's focus on enhancing convenience-store operations abroad amid interest from Alimentation Couche-Tard Inc.
Asia markets are poised to open lower following declines on Wall Street, with South Korea narrowly avoiding a technical recession as its GDP grew 0.1% in Q3. The country has announced a financial support program of 75.9 trillion won to aid businesses affected by high interest rates. Meanwhile, U.S. crude oil prices fell over 1% due to a significant increase in stockpiles, reflecting a cautious economic outlook amid rising consumer price sensitivity.
Bank of Japan Governor Kazuo Ueda expressed concerns over the timing and scale of future interest rate hikes, emphasizing that determining the appropriate normalization of Japan's monetary policy is a constant challenge for him. He stated, “That keeps me awake 24/7,” during a recent event in Washington.
The Bank of Japan is expected to maintain its benchmark interest rate during the upcoming meeting on October 31, with most economists predicting a hike in December or January. A recent survey indicates that 53% anticipate a rate increase in December, while expectations for January have risen to 32%.
The upcoming US election poses significant implications for markets, with a Trump victory likely leading to US equity outperformance and potential tariff risks, while a Harris win could favor emerging markets. A Republican sweep may drive yields higher due to increased deficits, despite a healthy economy. Overall, risk assets are expected to perform well in 2024, regardless of the election outcome.
trivago's stock (NASDAQ: TRVG) has received a new price target of $1.95 from UBS Group, down from $2.25, maintaining a "neutral" rating. Analysts have mixed opinions, with three holding and two giving a buy rating, while the consensus price target stands at $2.68. The company reported earnings of ($0.01) per share, matching expectations, with revenue of $127.62 million for the quarter.
JPN
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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