{ }
The US dollar has surged 6% since early October, reaching its highest value since 2022, driven by inflation concerns linked to potential punitive tariffs and tax cuts under Trump. However, this strength may be overstated, as the Fed is likely to maintain lower interest rates, and various economic factors could weaken the dollar moving forward. The current appreciation against the Swiss franc may not be sustainable, suggesting a cautious outlook for travelers planning to exchange currency.
Global stocks gained momentum ahead of Nvidia's earnings report, with the company's shares up nearly 200% this year, significantly influencing the S&P 500's record highs. In Japan, BOJ Governor Kazuo Ueda hinted at potential rate hikes but provided no clear timeline, as the yen weakened against the dollar. Meanwhile, U.S. Treasury yields remained elevated amid expectations of less aggressive Federal Reserve rate cuts, with the dollar reaching a one-year high.
K-pop agencies faced challenges in the third quarter, with three of the four largest companies reporting declines in financial performance due to reduced album sales and artist inactivity. However, JYP Entertainment saw a significant rebound thanks to Stray Kids' world tour. Analysts predict a recovery in 2025, driven by the return of major groups like BTS and Blackpink, alongside improved monetization of fandom platforms.
Bank of Japan Governor Kazuo Ueda's recent comments have left the timing of a potential interest rate hike uncertain, contributing to a weaker yen. Ahead of the BOJ's December meeting, Ueda emphasized a data-dependent approach, indicating that future policy adjustments will hinge on economic conditions and price movements.
The dollar is poised to extend its gains, supported by high Treasury yields and a cautious outlook on U.S. rate cuts, while concerns over potential intervention have led to a pullback against the yen. Market participants are on edge ahead of Bank of Japan Governor Kazuo Ueda's speech, which may hint at a possible rate hike in December due to the yen's weakness. Current market expectations suggest a 55% chance of a quarter-point increase to 0.5% at the BOJ's meeting on December 19.
Yen bulls are optimistic about a potential rebound in Japan's currency, anticipating that interest-rate hikes from the Bank of Japan and cuts from the Federal Reserve could push the yen to around 130 against the dollar. However, caution prevails due to the yen's volatility in 2024 and uncertainties surrounding the impact of Donald Trump's possible return to the White House on Fed policy and global markets.
Japan is witnessing a surge in mergers and acquisitions, particularly among small and medium-sized enterprises, driven by an ageing population and a lack of successors. However, rising complaints about dubious buyers and contract breaches have prompted authorities to revise M&A guidelines, urging thorough vetting of buyers and increased transparency from intermediaries. The case of Lucian Holdings, which allegedly misappropriated funds after acquiring a confectionery company, highlights the urgent need for protective measures in the sector.
During a meeting at the APEC Summit in Lima, Xi Jinping urged President Biden to maintain stable U.S.-China relations, emphasizing the importance of cooperation amid concerns over the incoming Trump administration's protectionist policies. Biden highlighted the significance of candid dialogue to prevent miscalculations and conflict, while also pressing Xi to influence North Korea's actions amid rising tensions. The leaders discussed various issues, including China's support for Russia and cybersecurity threats, as they navigated a complex geopolitical landscape.
UBS has downgraded Rohm Co Ltd. from Buy to Neutral, reducing the price target from JPY2,700 to JPY1,500 due to a slowdown in the electric vehicle sector and increased competition in power semiconductors. Despite high inventory levels and soft demand, Rohm's stock is trading at a low price-to-book ratio of 0.6X, indicating it may be undervalued. The company has maintained dividend payments for 33 consecutive years, offering a dividend yield of 3.93%, which may appeal to income-focused investors.
The US dollar has strengthened significantly, climbing 6% since early October, driven by expectations of favorable policies under President Trump's second term. However, there are indications that the dollar may be overshooting its value, with forecasts suggesting a potential decline against the euro and other currencies as economic fundamentals shift. Investors are advised to consider reducing dollar exposure and exploring alternative currency strategies as the market adjusts.
Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings

Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.