Real-time News
Market news: Japans ruling coalition will postpone the parliamentary session to October 20 or later.On October 8, DBS Group Research analyst Eugene Leow commented that the steepening Japanese government bond yield curve may attract investors seeking to tactically increase duration exposure. The senior interest rate strategist noted that the yield spread between 10-year and 30-year Japanese government bonds is currently near 160 basis points, a high level. He believes this steepening largely reflects the markets view that Japanese authorities may be more concerned with yield fluctuations in bonds with maturities of 10 years or less. However, he believes that this yield premium for ultra-long-term bonds may be too high. He added that the results of Tuesdays 30-year Japanese government bond auction showed that investors are willing to take on long-term risk if yields are high enough.JPMorgan Chase: Raised Dell (DELL.N) price target from $145 to $165.On October 8th, copper prices fell as Federal Reserve officials warned against rapid monetary easing, undermining the logic of boosting metals demand. Neel Kashkari was the latest official to issue such a warning, stating that US interest rates should not be cut sharply while inflation remains high. Generally speaking, falling interest rates encourage investors to buy non-interest-bearing assets such as copper. Copper prices on the London Metal Exchange have risen sharply in recent weeks, driven both by traders expectations of possible Fed easing and by supply constraints caused by the closure of major mines. Copper futures are currently nearing their all-time highs reached in 2024. Citigroup analysts believe that copper prices are expected to reach $12,000 per ton in the first half of next year, driven by positive macroeconomic trends such as reduced supply and a weakening dollar. However, analysts also point out that copper prices should gradually decline in 2026 as previously idled mines resume production.On October 8th, Monster Charging (EM), the "first shared power bank stock," filed documents with the U.S. Securities and Exchange Commission, revealing that its board of directors rejected Hillhouse Capitals high-premium acquisition offer and continued its acquisition with Xinchen Capital, sparking market attention. Public information indicates that Hillhouse Capital issued a preliminary, non-binding privatization proposal on August 15th, offering $1.77 per ADS, approximately 40% higher than the $1.25 per ADS previously agreed upon by Monster Chargings management and a consortium formed by Xinchen Capital. As a result, Monster Chargings stock price has risen significantly since mid-August and currently remains above $1.30. In January of this year, Xinchen Capital and Monster Chargings management jointly launched a $1.25 per ADS privatization offer. Notably, this price is significantly lower than the approximately $1.63 per ADS cash asset value disclosed in Monster Chargings 2024 annual report and represents a discount of over 85% from the companys IPO price of $8.50. To date, the Monster Charging board of directors has not provided detailed information or explanation for its rejection of the higher offer.
