Nikkei Heikin Averages Rise幅最大
April 1, 2021 (Thursday), sunny Cloudy
・Hitachi <6501> [Close 5,004 yen] on the 31st, decided to acquire the U.S. IT giant GlobalLogic. Acquisition price: 9.6 billion USD (about 1.3 trillion yen).
Aiming to transform from a manufacturer handling from industrial equipment to consumer electronics to a digital company by leveraging data.
Will invest the largest-ever 1 trillion yen in the electronics industry to rapidly advance the global expansion of its IT business, which has lagged.
・Prime Minister Yoshihide Suga on the 31st announced his intention to apply the “Priority Measures to Prevent the Spread of the Virus” to Osaka, aligned with the state of emergency.
He will consult with other municipalities where infections are spreading and formally decide the target areas on the 1st.
・A world without pandemics: to prevent recurrence (2) the “industrial revolution” that strikes workers — broadly into a digital wealthy society
A game where the wealth cannot be widely distributed in society will eventually reach a dead end somewhere.
While raising individuals’ skills to 21st-century standards, how to build a framework that allows everyone to enjoy the benefits of the digital revolution?
Government and corporate wisdom are being tested.
・Asia-Pacific region is seeing a surge of fast-growing companies that could become the next unicorns (unlisted firms valued at $1 billion or more).
Among the top 500 companies by revenue growth in the region, about 40% posted average annual growth rates above 50%.
The survey targeted more than 650 companies headquartered in 13 countries and regions in the Asia-Pacific region excluding China, including Japan, India, and six Southeast Asian countries.
U.S. dollar revenue in 2016 over $100,000 and by 2019 over $1,000,000, with the CAGR of small and medium-sized enterprises.
Leading is Carro, a Singapore-based online used-car marketplace, with a CAGR over 400%.
・World Economic Forum (WEF) on March 31: Japan ranks 120th out of 156 countries on the Gender Gap Index measuring gender equality in each country.
As before, it remains the lowest among advanced economies.
In business, the share of women in managerial and professional occupations is 14.8% currently, lagging behind the United States (40.7%) and Norway (34.5%).
・U.S. pharmaceutical giant Pfizer on the 31st announced 100% efficacy in trials for the new coronavirus vaccine in subjects aged 12–15, developed jointly with BioNTech of Germany.
・Discussions on decarbonization have started in earnest in Japan as well.
To achieve net-zero greenhouse gas emissions by 2050, a reduction target well above 40% by 2030 is necessary.
Accelerated expansion of renewable energy, introduction of emissions trading schemes, and rapid technological investments are required to achieve it.
・The Biden administration on the 31st proposed to Congress an infrastructure plan worth $2 trillion over eight years.
As a funding source, it proposes raising the federal corporate tax rate from 21% to 28% and other corporate tax increases.
The opposition party opposes tax increases, and congressional deliberations are certain to be contentious.
・The financial markets in fiscal 2020 were a year of records.
The Nikkei Stock Average rebounded from a sharp decline due to the spread of COVID-19, with an annual gain of 54%, the largest in 48 years.
Companies strengthened defensive stances and raised funds from the market; domestic corporate bond issuance reached a record high for two consecutive years.
Share buybacks declined, and businesses sold shares for the first time in a decade.
・Eurostat on the 31st reported that consumer price inflation in the euro area in March (flash estimate) rose 1.3% year over year.
As energy prices rise in anticipation of global economic recovery, the year-on-year rate exceeding 1% is the highest since February 2020 before the pandemic.
By year-end, ECB is expected to approach the 2% target, potentially increasing pressure on interest rates.
・Yokohama Bank <7186> [Close 449 yen] Shichijo Bank <8341> [Close 1,561 yen] Hokuhoku Bank (Hokuhoku FG) <8377> [Close 1,029 yen], and four other regional banks will
switch their core systems to highly versatile open-type systems in 2024.
It will be the first time multiple regional banks jointly embark on an open system.
・Regarding losses of major financial institutions tied to U.S. investment firm Archegos Capital Management, the U.S. Securities and Exchange Commission (SEC) has begun collecting information from financial institutions.
A pattern has emerged of luring risk-prone individuals for large brokerage fees, and regulators are watching the situation closely.
Bill Hwang, founder of Archegos, had previously been prosecuted by authorities for insider trading of Chinese stocks in 2012.
Archegos, which incurred losses on trades of U.S. media giant stocks, faced additional collateral demands from multiple financial institutions.
According to sources, on the 25th, to prevent sudden market disruption due to a possible collapse, Goldman Sachs and Credit Suisse,
Nomura <8604> [Close 581.4 yen] Morgan Stanley and others attended talks with the Hwang group,
and after the meetings some financial institutions reportedly notified Archegos of a default and moved to seize collateral.
・As of 4:00 p.m. on March 31, global COVID-19 infection numbers (deaths) compiled by Johns Hopkins University: world total 128,224,700 (117,62)
United States 30,393,702 (960) Brazil 12,658,109 (3,780) India 12,149,335 (354) France 4,646,014 (381) Russia 1,186,078 (404) United Kingdom 4,355,867 (55)
Italy 3,561,012 (529) Turkey 3,277,880 (155) Spain 3,275,819 (106) Germany 2,818,630 (250) Colombia 2,397,731 (176) Argentina 2,332,765 (125)
From here, published in [Colo Morning Premium]
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