Boston Beer Company Inc. Class A
899.39 - 911.34
306.3 - 1091.1
Echofin Members Consensus
Asia Market Asia was trading lower this morning, amid concerns over growing Covid-19 cases worldwide. In Japan, Shin-Etsu Chemical and Japan Exchange Group have dropped 1.9% and 2.1%, respectively. Meanwhile, Z Holdings and Dai-ichi Life Holdings have advanced 4.4% and 4.8%, respectively. In Hong Kong, Wharf Real Estate Investment and Techtronic Industries have fallen 1.8% and 1.9%, respectively. Meanwhile, Anta Sports Products and Hang Lung Properties have risen 0.9% and 1.0%, respectively. In South Korea, Sam Hwa Electric and Korea Line have declined 4.5% and 4.8%, respectively. Meanwhile, Intergis and Hanwha Investments & Securities have jumped 15.2% and 15.7%, respectively. The Nikkei 225 index is trading 0.4% lower at 27,014.8. The Hang Seng index is trading 0.9% down at 27,410.6, while the Kospi index is trading marginally lower at 2,990.0. .
Bank of England lays ground for negative rates. This should worry us all. In a letter to banks today, deputy governor Sam Woods asked firms to detail their “current readiness to deal with a zero Bank Rate, a negative Bank Rate, or a tiered system of reserves remuneration – and the steps that you would need to take to prepare for the implementation of these”. The letter notes that “the financial sector … would need to be operationally ready to implement it in a way that does not adversely affect the safety and soundness of firms”, and explains that “the MPC may see fit to choose various options based on the situation at the time”. It comes after details from the last policy meeting showed that the BoE is actively considering negative rates, whilst Andrew Bailey has been at pains to stress that this does not necessarily mean they will take that route. .
Markets in Asia are trading mostly higher this morning, amid renewed optimism over US stimulus deal. In Japan, Olympus and Tokyo Electron have advanced 3.1% and 3.5%, respectively. Meanwhile, East Japan Railway and Tokyo Electric Power fell 1.2% and 1.3%, respectively. In Hong Kong, Hang Seng Bank and Sino Biopharmaceutical have dropped 1.8% and 2.0%, respectively. Meanwhile, China Construction Bank and Techtronic Industries have added 0.4% and 0.7%, respectively. In South Korea, LG Hausys and Sam Young Chemical have climbed 8.4% and 8.5%, respectively. Meanwhile, Shin Poong Paper Manufacturing and Thelma Therapeutics have declined 3.3% and 4.4%, respectively. The Nikkei 225 index is trading 0.9% higher at 23,636.4. The Hang Seng index is trading 0.8% down at 24,053.7, while the Kospi index is trading 0.3% higher at 2,395.1.
SFTBY, AMZN, NFLX, TSLA, MSFT, GOOG, GOOGL SoftBank builds $1.2B Amazon interest, invests in Tesla, Microsoft, Reuters says SoftBank (SFTBY) has established a stake worth roughly $1.2B in Amazon (AMZN) as the Japanese conglomerate expands its investment activities beyond its recent focus on private startups, Reuters' Sam Nussey reports, citing regulatory filings. The group has also acquire stakes in Netflix (NFLX), Tesla (TSLA), Microsoft (MSFT), and Alphabet (GOOG), Nussey says, noting that the company spend roughly $10B buying shares.
Markets in Asia are trading mostly higher this morning. In Japan, Toho and Terumo have advanced 3.9% and 4.0%, respectively. Meanwhile, Mitsui Fudosan and Isetan Mitsukoshi Holdings have dropped 1.8% and 2.1%, respectively. In Hong Kong, CK Hutchison Holdings and Tencent Holdings have fallen 1.3% and 1.4%, respectively. Meanwhile, Country Garden Holdings and CSPC Pharmaceutical Group have risen 0.8% and 0.9%, respectively. In South Korea, Sam-A Aluminium and Intergis have jumped 10.6% and 14.0%, respectively. Meanwhile, Reyon Pharmaceutical and KG Dongbu Steel have dropped 4.6% and 5.0%, respectively. The Nikkei 225 index is trading 1.9% higher at 23,272.3. The Hang Seng index is trading 0.1% down at 25,215.1, while the Kospi index is trading 0.9% higher at 2,453.9
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