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Japanese shares inch higher, Toshiba up after ouster of board directors
  + stars: | 2021-06-14 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: +2 min
TOKYO, June 14 (Reuters) - Japanese shares rose on Monday as cyclicals such as tyre makers and shippers led gains on global recovery hopes, while Toshiba rose after the company said two of its board directors will retire amid its governance crisis. “Japanese shares are still trailing behind global shares, as earnings recovery is expected to be delayed. Shippers were the top gainers, with Nippon Yusen up 2.3%, followed by tyre makers, among which Bridgestone rose 1.3% and Yokohama Rubber jumped 2.9%. Toshiba gained 2.7% after the conglomerate, which is facing a deepening crisis over corporate governance, said it would change its board director nominees for an upcoming shareholders meeting and its two board directors would retire. Growth-oriented shares outperformed as fall in U.S. bond yields boosted their U.S. peers.
Persons: , Hiroshi Watanabe, Keyence, Kobe Bussan, MUFG, Junko Fujita, Shailesh Kuber Organizations: Toshiba, Nikkei, Nasdaq, Sony Financial Holdings, Nippon Yusen, Bridgestone, Yokohama Rubber, Kobe, U.S, Treasury, Mizuho Financial Group Locations: TOKYO, U.S
TOKYO, June 14 (Reuters) - Japanese shares rose on Monday led by tyre makers and shippers, following the weekend’s solid finish on Wall Street, though gains were capped as investors remained cautions ahead of the U.S. Federal Reserve’s meeting this week. The Nikkei share average gained 0.37% to 29,055.20 by 0203 GMT, after trimming gains of as much as 0.9% earlier in the session. The broader Topix rose 0.19% to 1,957.89. Investors tend to book profits in such an environment,” said Masahiro Ichikawa, chief market strategist at Sumitomo Mitsui DS Asset Management. Sumitomo Mitsui Financial Group fell 0.2% and Mizuho Financial Group lost 0.77%.
Persons: , Masahiro Ichikawa, Fanuc, Junko Fujita, Shailesh Kuber Organizations: U.S, U.S . Federal, Nikkei, Sumitomo Mitsui DS Asset Management, , , Nasdaq, Bridgestone, Yokohama, Toyo Tire, Shipping, Nippon, Mitsui OSK Lines, Treasury, Sumitomo Mitsui Financial Group, Mizuho Financial, Toshiba, Nintendo, Itochu Locations: TOKYO, U.S ., Japan, Asia, ” U.S
Japanese shares edge down as tech stocks weigh
  + stars: | 2021-06-11 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
TOKYO, June 11 (Reuters) - Japanese shares inched down in seesaw trading on Friday as technology stocks pulled back from early gains, with investors remaining cautious about the pace of domestic economic recovery. The Nikkei share average inched down 0.06% to 28,939.16 by 0225 GMT, while the broader Topix was down 0.23% to 1,952.24. “Japan’s technology stocks are bought as the Nasdaq’s gain and the fall in U.S. interest rates lifted investor sentiment,” said Jun Morita, general manager of the research department at Chibagin Asset Management. Airlines declined the most, while financial firms and real estate firms also fell. Technology firms advanced, with a medical platform M3 Inc rising 2.18%, Advantest gaining 0.48% and Tokyo Electron edging up 0.17%.
Persons: , Jun Morita, Yutaka Miura, Drugmaker Eisai, Junko Fujita, Ramakrishnan Organizations: Nikkei, Chibagin Asset Management, Mizuho Securities, Federal Reserve, Airlines, Technology, Toshiba Locations: TOKYO, United States, Tokyo
FILE PHOTO: U.S. one dollar banknotes are seen in front of displayed stock graph in this illustration taken February 8, 2021. Currency markets had been sluggish all week in anticipation of the data, but when it came in above expectations, there was little market reaction. The dollar index edged lower in the Asian session but picked up later in the day. The British pound, Canadian dollar, Australian dollar and New Zealand dollar are currencies that may gain against a weaker U.S. dollar, Jones said. ING strategists wrote in a note to clients that the “glut of liquidity” from central banks was driving a search for “carry”.
Persons: Dado Ruvic, Neil Jones, , Jones, bitcoin, Mizuho’s Jones Organizations: REUTERS, Federal Reserve, UBS, European Central Bank, U.S ., ECB, Mizuho, Fed, , New Zealand, ING, ” ING, Seven Locations: cryptocurrencies, Carbis
Japanese bank risk appetite rises late
  + stars: | 2021-06-11 | by ( ) www.reuters.com sentiment -1.00   time to read: +1 min
Mitsubishi UFJ Financial Group, Inc. (MUFG) President and Group CEO Hironori Kamezawa speaks during an interview with Reuters in Tokyo, Japan July 9, 2020. Mitsubishi UFJ Financial (8306.T) is now planning a $9 billion fund to invest in credit, stocks and other assets in its latest effort to bolster returns, Bloomberg reports. Collectively the Japanese system is sitting on almost $3 trillion in surplus funds, even with negative domestic benchmark interest rates. In 2019 it bought a $6 billion-plus book of aviation loans from Germany’s DZ Bank, plus took control of Indonesia’s Bank Danamon for $3.5 billion. With higher returns come higher risks.
Persons: Hironori Kamezawa, Issei Kato, Jennifer Hughes Organizations: Mitsubishi UFJ Financial, Inc, Reuters, REUTERS, Mitsubishi UFJ, Bloomberg, Germany’s DZ, Indonesia’s Bank, Mizuho Financial, Big Tech Locations: Tokyo, Japan, France
read more"The Fed is getting some traction on its message that the inflation pressures are transitory," said Colin Asher, senior economist at Mizuho in London. Fed officials have repeatedly tamped down fears of inflation running persistently higher than its 2% target, while pointing out they have tools to keep it under control. The statement following the Fed policymakers' regular meeting next week and comments from Fed Chair Jerome Powell will be closely watched for the central bank's latest view on inflation. A widely watched barometer of inflation expectations, the breakeven inflation rate (BEI) for 10-year Treasury Inflation Protected Securities , measuring the difference between 10-year TIPS real yields and the 10-year note yield, was at 2.35%, near a two-month low of 2.326% hit on Wednesday. That indicates that markets do not see inflation averaging much over the Fed's 2% target over the next decade.
Persons: Colin Asher, Jerome Powell, Peter Rutter, Joseph LaVorgna, Mark Grant, Organizations: Federal, Treasury, Thursday's Labor Department, Mizuho, Fed, Royal London Asset Management, Securities, Riley, Labor Department, Thomson Locations: U.S, London, Americas, New York, Fort Lauderdale , Florida
S&P 500 headed for record high as inflation seems temporary
  + stars: | 2021-06-10 | by ( Stephen Culp | ) www.reuters.com + 0.00   time to read: +3 min
(Reuters) - Wall Street stocks rose on Thursday, with the S&P 500 on course to hit an all-time closing high, as the much-anticipated consumer price index report signaled that the current inflation wave will be transitory. REUTERS/Brendan McDermidAll three major U.S. stock indexes were higher, with market-leading megacap stocks putting the Nasdaq out front. The Dow Jones Industrial Average rose 126.15 points, or 0.37%, to 34,573.29; the S&P 500 gained 25.09 points, or 0.59%, at 4,244.64; and the Nasdaq Composite added 108.76 points, or 0.78%, at 14,020.51. Among the 11 major sectors of the S&P 500, healthcare enjoyed the largest percentage gains. The S&P 500 posted 57 new 52-week highs and no new lows; the Nasdaq Composite recorded 92 new highs and 11 new lows.
Persons: Brendan McDermid, , Colin Asher, ” Asher, Joe Biden’s, decliners Organizations: Reuters, New York Stock Exchange, REUTERS, Nasdaq, Labor, Mizuho, U.S . House, Dow Jones, Treasury, GameStop Corp, Clover Health Investments Corp, AMC Entertainment Holdings, Beyond Inc, GEO Group, Boeing Co, United Airlines, Boeing, Airbus, Pfizer Inc, NYSE Locations: St, New York City, U.S, London, United
"The Fed is getting some traction on its message that the inflation pressures are transitory," said Colin Asher, senior economist at Mizuho in London. Fed officials have repeatedly tamped down fears of inflation running persistently higher than its 2% target, while pointing out they have tools to keep it under control. The statement following the Fed policymakers' regular meeting next week and comments from Fed Chair Jerome Powell will be closely watched for the central bank's latest view on inflation. A widely watched barometer of inflation expectations, the breakeven inflation rate (BEI) for 10-year Treasury Inflation Protected Securities , measuring the difference between 10-year TIPS real yields and the 10-year note yield, was at 2.35%, near a two-month low of 2.326% hit on Wednesday. That indicates that markets do not see inflation averaging much over the Fed's 2% target over the next decade.
Persons: Colin Asher, Jerome Powell, Peter Rutter, Joseph LaVorgna, Mark Grant, Organizations: Federal, Treasury, Thursday’s Labor Department, Mizuho, Fed, Royal London Asset Management, Securities, Riley, Labor Department, Thomson Locations: U.S, London, Americas, New York, Fort Lauderdale , Florida
UPDATE 1-Greece follows Italy in selling debt ahead of ECB
  + stars: | 2021-06-09 | by ( Yoruk Bahceli | ) www.reuters.com + 0.00   time to read: +3 min
Greece, the bloc’s most indebted state, received 29 billion euros of demand for the re-opening of a 10-year bond on Wednesday that will raise 2.5 billion euros, its debt management agency said. That follows a sale by Italy, which raised 10 billion euros from a 10-year syndicated bond on Tuesday, receiving 65 billion euros of demand. Portugal raised 1 billion euros from six and 10-year bonds, paying a lower yield than at the previous auction of the bonds. Germany’s 10-year yield, the benchmark for the bloc, was down 3 basis points to -0.25%. Mizuho analysts told clients markets were likely to de-risk on Wednesday ahead of the ECB meeting, supporting longer-dated bonds for the time being.
Persons: , Benjamin Moulle, ” Moulle, Yoruk Bahceli, Emelia Sithole, Jan Harvey Organizations: ECB, European Central Bank, Credit, CIB, European Union, Mizuho Locations: Greece, Southern, Italy, Germany, Portugal
UPDATE 2-Greece follows Italy in selling debt ahead of ECB
  + stars: | 2021-06-09 | by ( Yoruk Bahceli | ) www.reuters.com + 0.00   time to read: +3 min
Greece, the bloc’s most indebted state, received 30.5 billion euros of demand for the re-opening of a 10-year bond on Wednesday that raised 2.5 billion euros, its debt management agency said. That follows a sale by Italy, which raised 10 billion euros from a 10-year syndicated bond on Tuesday, receiving over 67 billion euros of demand. Portugal raised 1 billion euros from six and 10-year bonds, paying a lower yield than at the previous auction. Germany’s 10-year yield, the benchmark for the bloc, was down 2.5 basis points to -0.25%. Mizuho analysts told clients markets were likely to de-risk on Wednesday ahead of the ECB meeting, supporting longer-dated bonds for the time being.
Persons: , Benjamin Moulle, ” Moulle, Yoruk Bahceli, Kirsten Donovan Organizations: ECB, European Central Bank, Credit, CIB, European Union, Mizuho Locations: Greece, Southern, Italy, Frankfurt, Germany, Portugal
Most of the region's currencies were flat to slightly lower, with the Taiwan dollar down 0.2%. The inflation we are seeing ... is just transitory," Robert Carnell, the Asia-Pacific head of research for ING, said. Shanghai's composite index edged higher, while the yuan gained 0.1%, in line with the broader region. Philippine stocks stood out from a mixed picture in Asia with a 1.4% jump, as both imports and exports surged in April off lower bases last year. The trade deficit came in at $2.73 billion, with ING saying the Philippine current account surplus may move closer to a deficit by year-end.
Persons: Robert Carnell, Nikhil Kurian, Simon Cameron, Moore, Devika Organizations: China PPI, ING, PPI, Mizuho Bank, Ayala Corp, Ayala Land Inc, Jollibee Foods Corp Locations: China, Taiwan, Asia, Pacific, Philippine, Philippines, Indonesia, Japan, India, Malaysia, Singapore, Thailand, Bengaluru
Dealers said the spot yuan continued to swing around the 6.4 per dollar level, with many investors taking a "wait-and-see" approach ahead of Thursday's U.S. inflation data and European Central Bank (ECB) meeting. In the spot market, onshore yuan opened at 6.3975 per dollar and was changing hands at 6.3949 at midday, 61 pips firmer than the previous late session close. The spot yuan kept to tight range of about 50 pips, while trading volume shrank to $12.17 billion at midday, down from a normal half-day volume of about $15 billion. Negative number indicates that spot yuan is trading stronger than the midpoint. OFFSHORE CNH MARKET Instrument Current Difference from onshore Offshore spot yuan 6.3942 0.01% * Offshore 6.551 -2.37% non-deliverable forwards ** *Premium for offshore spot over onshore **Figure reflects difference from PBOC's official midpoint, since non-deliverable forwards are settled against the midpoint.
Persons: Ken Cheung, Winni Zhou, Andrew Galbraith, Simon Cameron, Moore Organizations: Federal Reserve, Dealers, European Central Bank, People's Bank of China, Mizuho Bank, PPI, CPI, Thomson Locations: SHANGHAI, Thursday's U.S, Hong Kong, Russia
In China, the world's second largest economy, producer prices rose at their fastest annual pace in over 12 years in May, largely due to higher commodity prices, but that didn't translate into much higher consumer prices. The producer price index (PPI) increased 9% from a year earlier, versus a 8.5% forecast in a Reuters poll and the 6.8% rise in April. Meanwhile, the consumer price index (CPI) rose 1.3%, slower than the 1.6% expected. Shanghai's composite index rose 0.4%, while the yuan gained 0.1%. Philippine stocks rose 1.5%, amid a mixed picture in Asia, as both imports and exports surged in April off lower bases last year.
Persons: Robert Carnell, Nikhil Kurian, Simon Cameron, Moore Organizations: China PPI, Federal Reserve, U.S ., ING, PPI, Ayala Corp, Jollibee Foods Corp Locations: China, Philippine, U.S, Asia, Pacific, Mizuho, Philippines, Indonesia, Japan, India, Malaysia, Singapore, Taiwan, Thailand, Bengaluru
Stronger midpoint lifts China's yuan ahead of U.S. inflation data
  + stars: | 2021-06-08 | by ( Reuters Staff | ) www.reuters.com + 0.00   time to read: +3 min
SHANGHAI, June 8 (Reuters) - China's yuan firmed on Tuesday after the central bank set a stronger midpoint for the currency's daily trading band and as the dollar remained subdued after slightly weaker-than-expected payrolls data last week. With the yuan closely tracking moves in the dollar index, investors await U.S. consumer price data on Thursday for more clues as to the direction of Federal Reserve policy. Spot yuan opened at 6.3907 per dollar and trimmed its advance to change hands at 6.3919 at midday, 45 pips stronger than Monday's late session close. Negative number indicates that spot yuan is trading stronger than the midpoint. OFFSHORE CNH MARKET Instrument Current Difference from onshore Offshore spot yuan 6.3894 0.04% * Offshore 6.5455 -2.36% non-deliverable forwards ** *Premium for offshore spot over onshore **Figure reflects difference from PBOC's official midpoint, since non-deliverable forwards are settled against the midpoint.
Persons: Joe Biden's, Donald Trump, Ken Cheung, Andrew Galbraith, Xiao Han, Jacqueline Wong Organizations: Federal Reserve, U.S, People's Bank of China, Mizuho Bank, China CPI, PPI, Thomson Locations: SHANGHAI, China, Hong Kong, Beijing
Oil falls again amid concerns over demand rebound
  + stars: | 2021-06-08 | by ( ) www.cnbc.com sentiment -1.00   time to read: +1 min
An oil tanker docks at a 300,000-ton crude oil terminal in Yantai, east China's Shandong Province, May 17, 2021. Oil prices lost more ground on Tuesday as concerns about the fragile state of the global recovery in demand for crude and fuels were heightened by data showing China's oil imports fell in May. "Chinese oil imports at a five-month low ... would tend to confirm weakness in the Asia market," said Bob Yawger, director of energy futures at Mizuho Securities. China's crude imports were down 14.6% in May, from a high level a year earlier, with daily arrivals at the lowest level this year, as maintenance at refineries limited demand for oil purchases. But major oil importers like India have been going through waves of infections that continue to threaten the expected pickup in global demand in the second half of this year.
Persons: Brent, Bob Yawger Organizations: Mizuho Securities, Organization of, Petroleum Locations: Yantai, Shandong Province, U.S, Asia, India
The deal includes a $31.5 billion bridge, $10 billion in term loans, and a $6 billion credit line. The new company will sell the bridge loan throughout the debt capital markets, sources tell Insider. Spokespersons for AT&T, Goldman Sachs, and JP Morgan were not immediately available to respond to a request for comment. The debt includes a $31.5 billion bridge loan, $10 billion in term loans, and a $6 billion revolving credit line. Beer brewer AB InBev's $75 billion loan that funded its merger with peer SABMiller in 2015 is the largest so far, followed by a $61 billion bridge loan for Verizon Communications' purchase of Verizon Wireless in 2013.
Persons: Goldman Sachs, JP Morgan, SMBC, Banks, Aryeh Bourkoff, LionTree, Kurt Simon, John Waldron, SABMiller Organizations: Warner Bros Discovery, Discovery, Disney, Netflix, JPMorgan, Bank of America, Barclays, BNP, Citi, Credit Suisse, Deutsche Bank, Mizuho, Royal Bank of Canada, Santander, Scotiabank, TD Bank, Truist, ING, PNC Bank, Fifth Third Bank, US Bank, London, Federal Reserve, LionTree Advisors, Beer, InBev's, Verizon Communications, Verizon Wireless Locations: Maltese, Wall, Commerzbank, MUFG, Wells, Refinitiv
UPDATE 1-Brazil's real closes at year high, now eyes 5.00 per dollar
  + stars: | 2021-06-04 | by ( Jamie Mcgeever | ) www.reuters.com sentiment -0.95   time to read: +2 min
The real’s second week of solid appreciation coincided with surprisingly upbeat first quarter gross domestic product data on Tuesday, which sparked a wave of upward revisions to 2021 growth forecasts to as high as 5.5%. The real closed trading on Friday at 5.0360 per dollar , its strongest close since June 10 last year and up almost 1% on the day. Luciano Rostagno, chief strategist at Mizuho in Sao Paulo, noted that the real outperformed its peers for the second week in a row. The next major resistance level to watch for is the 5.00 per dollar level, which was resistance that capped the rally in December,” Rostagno said. The real is now up around 2.5% year to date, closely tracking the move in interest rate spreads, a close barometer of the fiscal concerns which play a key role in the exchange rate.
Persons: Luciano Rostagno, ” Rostagno Organizations: Mizuho Locations: BRASILIA, Sao Paulo
REUTERS/Brian Snyder/File PhotoU.S. regulators are slated to decided by Monday whether to approve Biogen Inc's (BIIB.O) controversial Alzheimer's disease drug, and Wall Street analysts and industry observers are deeply divided on its chances of making it over the finish line. The Food and Drug Administration decision will impact not only Biogen and its partner Eisai Co Ltd (4523.T), but other drugmakers developing Alzheimer's drugs such as Eli Lilly and Co (LLY.N). Oppenheimer last month raised to 50% from 33% its odds for an aducanumab approval, citing comments from Biogen that it is preparing for a commercial launch. "If the FDA approves aducanumab, (Biogen) could go to circa $400, and if not, to circa $200," Mizuho Securities analyst Salim Syed said in a recent research note. Aducanumab was studied in patients with early disease who test positive for a component of amyloid brain plaques.
Persons: Brian Snyder, Biogen, Biogen's, Eisai, Eli Lilly, aducanumab, Dr, Joanne Pike, Oppenheimer, Salim Syed, Geoff Meacham, Umer Raffat, Biden, Janet Woodcock, BofA's Meacham, Aducanumab Organizations: REUTERS, Wall Street, Drug Administration, FDA, Alzheimer's Association, Reuters, Mizuho, Bank of America Securities, ISI, Thomson Locations: Cambridge , Massachusetts, U.S, United States
Regional equities were largely muted, though Malaysian shares lost nearly a percent as the country grapples with a surge in coronavirus infections and fresh lockdowns. "We see prospect for a bigger bounce in the U.S. dollar over the short term against Asian FX, assuming that payrolls are not overly weak." Indonesian stocks snapped a six-day winning streak, while the rupiah depreciated 0.3% to its lowest in a week. India's central bank is expected to keep interest rates at record lows and reiterate its commitment on liquidity later on Friday. But (it) will probably stay on hold with regards to headline policy tools," Mizuho bank said in a note.
Persons: S.Korea's, Sameer Manekar, Mitul Kotecha, Malaysia's, Maybank, India's, ines, Kim Coghill Organizations: South Korean, Federal Reserve, Malaysian, U.S, TD Securities, U.S ., FX, Reserve Bank of India, c.bank, COVID, JK Locations: Philippines, United States, U.S, Asia, Europe, Kuala Lumpur, Malaysia, Japan, Mizuho, Vietnam, China, India, Taiwan, Bengaluru
Japan's economy likely shrank less than initially estimated in Q1
  + stars: | 2021-06-04 | by ( Leika Kihara | ) www.reuters.com sentiment -1.00   time to read: +2 min
Japan's economy likely shrank slightly less than initially estimated in the first quarter, a Reuters poll showed, though state of emergency curbs to combat the coronavirus pandemic are seen keeping any rebound in the current quarter modest. Revised gross domestic product (GDP) data will likely show the world's third-largest economy shrank an annualised 4.8% in January-March, less than a preliminary reading of a 5.1% drop, according to economists polled by Reuters. read moreThe government will release revised January-March GDP data on June 8 at 8:50 a.m. (June 7, 2350GMT). Japan's wholesale prices likely rose 4.5% in May from a year earlier after jumping 3.6% in April, according to the poll. The Bank of Japan will release the wholesale price data on June 10 at 8:50 a.m. (June 9, 2350GMT).
Persons: Saisuke Sakai Organizations: Reuters, Mizuho Research & Technologies, Bank of Japan, Thomson Locations: Japan
Mizuho Securities on why the bank is bullish on Baidu's cloud business
  + stars: | 2021-06-04 | by ( ) www.cnbc.com sentiment -0.98   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMizuho Securities on why the bank is bullish on Baidu's cloud businessJames Lee of Mizuho Securities discusses how Chinese search giant Baidu is working to grow its cloud business and allow third party developers to customize their solutions to better compete against rivals like Amazon Web Services and Google Cloud.
Persons: James Lee Organizations: Mizuho Securities, Baidu, Amazon Web Services, Google
Long bets on yuan near six-month high; ringgit bears firm
  + stars: | 2021-06-03 | by ( Shashwat Awasthi | ) www.reuters.com + 0.00   time to read: +3 min
REUTERS/Dado Ruvic/IllustrationBullish bets on the Chinese yuan hit a near six-month high after a rally against the U.S. dollar, a Reuters poll showed on Thursday, while investors were long on most Asian currencies as nations ramped up their COVID-19 vaccination plans. After turning bearish on several units last month, market participants were now long on Singapore dollar , the Taiwanese dollar and the South Korean won , according to a fortnightly poll of 12 respondents. read moreThe Indian rupee , Asia's best performing currency in May, saw bullish positions firm to their highest since Feb 25. The poll uses estimates of net long or short positions on a scale of minus 3 to plus 3. The survey findings are provided below (positions in U.S. dollar versus each currency):Our Standards: The Thomson Reuters Trust Principles.
Persons: Dado Ruvic, Malaysia's ringgit, China's, Long, Radhika Rao Organizations: REUTERS, U.S ., Singapore, South Korean, FX, COVID, DBS, Investors, Malaysian, Thomson Locations: Malaysia, India, Mizuho, South Korea, Singapore, Thailand, Taiwan, Philippine
TOKYO, June 2 (Reuters) - Japanese shares advanced on Wednesday as the hospitality sector gained after accelerating vaccinations boosted economic reopening hopes, while shares of carmakers scaled new highs due to stronger global demand. The Nikkei share average rose 0.46% to 28,946.84, while the broader Topix gained 0.85% to 1,942.50. Railway companies were among the best performers, with West Japan Railway jumping 5.0% and East Japan Railway soaring 3.9%. The real estate sector was another strong performer, with Sumitomo Realty & Development adding 4.0% while Mitsui Fudosan rose 3.9%. Honda Motor rallied 4.2% to hit a three-year high, while Toyota Motor extended its uptrend to scale a record high.
Persons: , Nobuhiko, Drugmakers, Hideyuki Sano Organizations: Nikkei, Mizuho Securities . Railway, West Japan Railway, East Japan Railway, ANA Holdings, Japan Airlines, Sumitomo Realty, Mitsui, Honda Motor, Toyota, Nitori Holdings, Ono Pharmaceutical Locations: TOKYO, Japan
Lack of interest in trading bitcoin, says Mizuho Securities' Dolev
  + stars: | 2021-06-02 | by ( ) www.cnbc.com sentiment -1.00   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLack of interest in trading bitcoin, says Mizuho Securities' DolevDan Dolev, Mizuho Securities managing director, joins 'Power Lunch' to discuss Mizuho's survey results, why he says interest in trading bitcoin has fallen and why the price of the cryptocurrency could fall, as well.
Persons: Dan Dolev Organizations: Mizuho Securities
Sterling hit its highest level since April 2018 of $1.4250 during the Asian session against the dollar, with analysts attributing it to positive global investor sentiment towards the UK economic recovery. Well into the London session after a long weekend, sterling reversed its course to edge 0.2% lower at $1.4183 versus the dollar at 0848 GMT. The stage is set for the pound to push higher I would suggest,” said Neil Jones, head of FX Sales at Mizuho Bank. He said house price data, which surprised in the upside, also helped to keep optimism around the British currency. Sterling is one of the best performing G10 currencies versus the dollar this year, up almost 4% year-to-date.
Persons: Sterling, , Neil Jones, Vlieghe, Subhranshu Sahu Organizations: “ Overseas, Mizuho Bank, Nationwide, Britain, Bank of England Locations: London, British
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