Hints and tips:
...Traders in the futures market are betting on a range of possible outcomes, while Fed officials are making more precise forecasts. But Tse’s outlook does diverge significantly from the Fed’s....
...The TSE’s ambitions are not just meant for the worst-run Japanese companies, those with a sub-1 price/book ratio....
...“Monetary policy has normalised, deflation appears to have ended, wages are rising again, and we’re in the middle of a massive value unlock programme courtesy of the TSE....
...,” Tse told the Financial Times....
...But they are part of a wider TSE push to get companies to embrace activists....
...If the data continue to show improvement, there is a real chance that the Fed is behind the curve at the moment and that rates have to go up more than expected,” said Calvin Tse, head of Americas macro strategy...
...European futures pointed higher on Tuesday morning, with contracts for the FTSE 100 and EuroStoxx 50 up 0.4 per cent and 0.5 per cent, respectively....
...Calvin Tse of BNP Paribas argues that, should the Fed reach its projected peak policy rate — 4.75 per cent at present — the inversion could grow much deeper. Tse’s argument is historical....
...Are companies underinvesting, boosting profits (and management pay) at the cost of future growth? This is the view of the economist Andrew Smithers....
...But interest rate expectations in the futures market on Tuesday were little moved....
...Treasuries futures markets point to the Fed’s benchmark policy rate peaking in May at 4.9 per cent before falling back to 4.4 per cent by the end of 2023....
...However about 300 companies that do not meet that requirement have been allowed to join by submitting an open-ended plan to meet the standards at some unspecified point in the future....
...“The Fed wants to and needs to create material slack in the economy and in labour markets before saying ‘job done’,” Calvin Tse of BNP Paribas told us....
...Amid the turmoil, de Bie has kept an eye on the future....
...The TSE, to the consternation of some investors, has not even set a deadline for this....
...Uncertainty over Evergrande’s future has deepened after the Shenzhen-based group failed to meet a deadline for an $83.5m interest payment on a dollar-denominated bond last Friday, triggering a 30-day grace...
...Beyond its nausea-inducing start, the Tokyo-based company, which sells human resources evaluation software to schools and corporations, may have a long and brilliant listed future ahead....
...The situation has left prime minister Yoshihide Suga looking weak and his political future and reform agenda in doubt....
...Dear readers, The future’s tense when prediction is your profession. Lex forecasts what may happen and also sometimes advocates what should happen....
...The return was made possible by a historic change in TSE rules....
...Calls to the TSE on Friday morning went unanswered. The FSA declined to comment on any current or future orders regarding the TSE....
...“The turnover in terms of [Stock] Connect, it’s enormous,” said Louis Tse, managing director at Hong Kong-based brokerage Wealthy Securities....
...The Indian-owned manufacturer’s annual report said it was confident it had access to adequate liquidity and resources to keep operating “for the foreseeable future”....
...The TSE Mothers market for start-ups rallied to a 14-year high in mid-October — 148 per cent higher than its year low in March....
...It only offered two of the three available wholesale licences but said it could grant more in future....
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