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February 18th - Japans exports saw their fastest growth in over three years, primarily driven by significant increases in chip exports to Asia and automobile exports to the European Union. The Ministry of Finance reported on Wednesday that total exports in January rose 16.8% year-on-year, the largest increase since November 2022, exceeding the median analyst forecast of 13%. Overall shipments of semiconductors and other electronic components grew by nearly 40%, with exports to China surging 51.7%. Regionally, exports to China increased by 32%, exports to the EU by 29.6%, while exports to the US declined by 5%. The data for China was affected by the Lunar New Year holiday, which fell in January last year. Automobile exports to the US decreased by 9.9% in value, while the number of automobiles exported decreased only slightly by 0.8% year-on-year. This disparity indicates that Japanese automakers continue to sacrifice profits by lowering prices to maintain market share in the US. This strategy leads to narrowing profit margins and may limit companies ability to raise wages domestically, posing a related risk.NVIDIA: Tech Mahindra is deploying a large telecom model to support autonomous network operations with the help of NVIDIA’s Network Infrastructure Manager (NIM).Nvidia: Partnering with next-generation cloud providers YOTTA, L&T, and E2E Networks.Nvidia: Partners with venture capital firms including Peak XV, Elevation Capital, and Accel India to identify and fund artificial intelligence startups.Head of the IMF delegation to Japan: In our forecast, we assume that the Bank of Japan will raise interest rates twice this year and once more in 2027.

Increases in Dow Futures and Inflation Concerns

Charlie Brooks

Jul 15, 2022 10:28

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Futures for U.S. equities were trading higher on Thursday evening, as key benchmark averages ended the regular session in a mixed way amid stronger-than-expected producer price data and disappointing profit reports from major banking institutions.


Dow Jones Futures increased 0.2 percent by 7:00 p.m. ET (11:00 p.m. GMT), while S&P 500 Futures and Nasdaq 100 Futures both rose 0.3 percent.


In extended trading, Pinterest Inc (NYSE:PINS) shares surged 15.8 percent following a Wall Street Journal article revealed Elliott Management's 9 percent stake.


Prior to the end of the day, investors will focus on June's retail sales, import and export prices, the June industrial production report, and preliminary July consumer sentiment data. Wells Fargo & Company (NYSE:WFC) and Citigroup Inc (NYSE:C) are expected to deliver their quarterly earnings results in the interim.


During Thursday's usual trading day, the Dow Jones Industrial Average fell 142.6 points, or 0.5 percent, to 30,630.2, the S&P 500 fell 11.4 points, or 0.3 percent, to 3,790.4, and the NASDAQ Composite increased just 3.6 points to 11,112.1.


Morgan Stanley (NYSE:MS) declined 0.4% after reporting Q2 EPS of $1.44 vs $1.57 forecasted and sales of $13.13 billion versus $13.39 forecasted.


JPMorgan Chase & Co (NYSE:JPM) fell 3.5 percent after announcing Q2 earnings per share of $2.76 compared to $2.94 forecasted and revenue of $30.72 billion compared to $31.84 forecasted.


In terms of data, producer prices increased by 11,3 percent year-over-year in June as energy prices jumped, adding to concerns of rapid rate hikes after the CPI result surpassed expectations in the previous session.


On the bond markets, the 10-Year United States interest rate was 2.958%.


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