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CautiousInvestor.
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- 16 Aug '23 at 2:29 pm #64126
CautiousInvestor
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17 Aug '23 at 8:48 am #64136Truman
ParticipantEquity indices in the Asia-Pacific region ended Thursday on a mostly lower note.
Japan’s Nikkei: -0.4%,
Hong Kong’s Hang Seng: UNCH,
China’s Shanghai Composite: +0.4%,
India’s Sensex: -0.6%,
South Korea’s Kospi: -0.2%,
Australia’s ASX All Ordinaries: -0.6%.17 Aug '23 at 8:48 am #64137Truman
ParticipantJapan’s June Core Machinery Orders 2.7% m/m (expected 3.6%; last -7.6%); -5.8% yr/yr (expected -5.5%; last -8.7%)
June Tertiary Industry Activity Index -0.4% m/m (expected -0.2%; last 1.2%).July trade deficit JPY560 bln (expected deficit of JPY660 bln; last deficit of JPY540 bln).
July Imports -13.5% yr/yr (expected -14.7%; last -12.9%) and Exports -0.3% yr/yr (expected -0.8%; last 1.5%)ast 0.2%)
Japan’s exports fell 0.3% yr/yr in July, representing the first decrease in 29 months due to weak demand from China while exports to the U.S. reached a record.17 Aug '23 at 8:49 am #64138Truman
ParticipantSouth Korea’s July Import Price Index -13.5% yr/yr (expected -20.8%; last -16.1%) and Export Price Index -12.8% yr/yr (expected -16.5%; last -15.0%)
17 Aug '23 at 8:49 am #64139Truman
ParticipantSingapore’s July trade surplus $6.49 bln (last surplus of $5.851 bln).
July non-oil exports -3.4% m/m (expected 2.6%; last 5.2%); -20.2% yr/yr (expected -16.5%; last -15.6%)Hong Kong’s July Unemployment Rate 2.8%, as expected (last 2.9%)
17 Aug '23 at 8:50 am #64140Truman
ParticipantAustralia’s July Employment Change -14,600 (expected 15,000; last 31,600) and full employment change -24,200 (last 38,000).
July Unemployment Rate 3.7% (expected 3.6%; last 3.5%) and participation rate 66.7% (expected 66.8%; last 66.8%)Australia reported its first month of job losses since April, fueling calls for the Reserve Bank of Australia to refrain from raising rates again.
17 Aug '23 at 8:51 am #64141Truman
ParticipantNew Zealand’s Q2 Input PPI -0.2% qtr/qtr (expected 0.2%; last 0.0%) and Output PPI 0.2% qtr/qtr (expected 0.7%; last 0.2%)
17 Aug '23 at 8:51 am #64142Truman
ParticipantJapan’s 20-yr debt sale was met with dismal demand.
17 Aug '23 at 8:51 am #64143Truman
ParticipantMajor European indices trade near their flat lines.
STOXX Europe 600: -0.2%,
Germany’s DAX: UNCH,
U.K.’s FTSE 100: -0.2%,
France’s CAC 40: UNCH,
Italy’s FTSE MIB: -0.1%,
Spain’s IBEX 35: UNCH.17 Aug '23 at 8:52 am #64144Truman
ParticipantEurozone’s June trade surplus EUR23.0 bln (expected surplus of EUR18.3 bln; last deficit of EUR300 mln)
Spain’s June trade deficit EUR2.36 bln (expected deficit of EUR4.31 bln; last deficit of EUR3.11 bln)17 Aug '23 at 8:52 am #64145Truman
ParticipantNorges Bank raised its deposit rate by 25 bps to 4.00% and indicated that another rate hike is likely to take place in September.
European Central Bank policymaker Kazaks said that any additional rate hikes would be small.
17 Aug '23 at 8:52 am #64146Truman
ParticipantBritish Prime Minister Sunak said he is committed to maintaining the government’s plan for raising state pensions, even though this could result in a double-digit increase.
17 Aug '23 at 8:53 am #64147Truman
ParticipantCisco (CSCO 54.24, +1.28, +2.4%): beats by $0.08, beats on revs; guides OctQ EPS above consensus, revs in-line; guides FY24 EPS in-line, revs in-line
Synopsys (SNPS 435.00, +6.79, +1.6%): beats by $0.14, reports revs in-line; guides Q4 EPS above consensus, revs in-line; guides FY23 EPS above consensus, revs in-line; announced last night Sassine Ghazi to assume President and CEO Role Jan. 1, 2024
Wolfspeed (WOLF 44.51, -8.66, -16.3%): misses by $0.22, beats on revs; guides SepQ EPS below consensus, revs in-line
Paycor (PYCR 22.00, -0.87, -3.8%): beats by $0.03, beats on revs; guides SepQ revs below consensus; guides FY24 revs in-line
17 Aug '23 at 8:53 am #64148Truman
ParticipantWalmart (WMT 160.72, +1.44, +0.9%): beats by $0.13, beats slightly on EPS; guides Q3 EPS in-line, revs above consensus; raises FY24 guidance; Q2 US comps 6.4%
Tapestry (TPR 33.90, -0.43, -1.3%): misses by $0.02, misses on revs; guides FY24 EPS below consensus, revs below consensus
17 Aug '23 at 8:54 am #64149Truman
ParticipantAdobe (ADBE 524.00, +9.51, +1.9%): upgraded to Buy from Neutral at BofA Securities
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