JLABS Singapore, in collaboration with the Singapore Economic Development Board, is accelerating early-stage bioscience innovations, having onboarded 35 companies in its first year. The incubator focuses on precision medicine and has seen notable successes, including VerImmune's $4.5 million funding and Vivo Surgical's WIPO Global Award. With a robust ecosystem and strong investor relations, JLABS aims to transform healthcare solutions in Asia.
The Veterinary Healthcare For Livestock Animals market is poised for significant growth, driven by strategic collaborations, product innovations, and technological advancements among key players like Zoetis and Merck Animal Health. Comprehensive research highlights market dynamics, opportunities, and challenges across various regions, aiding stakeholders in informed decision-making. The report also details market segmentation by animal type, product type, and distribution channels, projecting trends up to 2032.
EUR/JPY and USD/JPY have declined due to rising inflation in Japan, which heightens the possibility of a Bank of Japan rate hike. Meanwhile, AUD/USD is recovering from its November low, with resistance levels noted at ¥161.49-¥162.45 for EUR/JPY and ¥151.95 for USD/JPY.
The French government faces the challenge of crafting a budget that balances market confidence with political stability, as its unsustainable deficit looms. Meanwhile, Japan's inflation is driven by food and fuel costs, with weak retail sales indicating subdued domestic demand. In the Eurozone, inflation expectations remain steady, while the UK sees strong real household income reducing reliance on consumer credit.
SMI is up in pre-market trading as US futures rise following the holiday break, while the dollar weakens against the franc. The yen surged to a six-week high of 150 per dollar after Tokyo's inflation data exceeded expectations, increasing speculation of a Bank of Japan interest rate hike next month. Analysts note that rising inflation and strong monthly activity bolster the likelihood of this move in December.
Japanese corporate borrowers are accelerating bond sales amid rising speculation that the Bank of Japan may increase interest rates next month. Major telecom firm KDDI Corp. led the charge with a ¥210 billion ($1.4 billion) bond sale, while Daiwa Securities and Panasonic were also among the eight issuers active in the market.
Japan's Prime Minister Shigeru Ishiba is poised to unveil his policy vision in parliament, seeking approval for a ¥13.9 trillion ($92 billion) extra budget aimed at stimulating the economy. Following early policy inconsistencies and challenges at international summits, Ishiba aims to address rising living costs and prepare for the incoming US administration under President-elect Donald Trump.
The yen strengthened past the significant 150 level against the dollar, driven by expectations of a narrowing yield gap between the US and Japan. Following stronger-than-anticipated Tokyo consumer price data, the currency surged nearly 1% to 149.999, marking its highest level since October. This movement was likely intensified by low liquidity due to the US markets being closed for Thanksgiving.
Asia-Pacific markets are poised to open mostly lower as investors digest Tokyo's November inflation rate of 2.6%, up from 1.8% in October, and South Korea's industrial production increase of 2.3% year-on-year in October. Japan's Nikkei 225 is expected to decline, while Australia's S&P/ASX 200 has started marginally lower. In contrast, futures for Hong Kong's Hang Seng index indicate a stronger opening.
Mitsubishi UFJ Financial Group Inc. is exploring a bid for Japanese robo-advisory firm WealthNavi Inc. to enhance its financial-technology capabilities. The bank plans to discuss the potential acquisition at an upcoming management meeting, although no decision has been finalized. Reports suggest MUFG may initiate a tender offer.
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