FAST RETAILING CO LT Stock News

Futures Tread Water Ahead Of FOMC Mintues As Russia Forgets To Invade Ukraine The global rally stalled on Wednesday, and U.S. index futures were flat, treading water after a quiet overnight session, ahead of today''s FOMC minutes which some hope will unveil more detail on the Fed''s upcoming rate hike and QT, while also weighing the risks from the Ukraine tensions against inflation and tighter monetary policy. S&P 500 futures were flat and Nasdaq futures were little changed by 7:15 a.m. in New York, trimming earlier gains after NATO Sec. Stoltenberg pushed back on claims of Russian troop withdrawals, adding he is yet to see signs of a de-escalation. Treasury yields, bitcoin, gold and the dollar were also all flat. Oil recovered after the biggest one-day loss this year as worries about potential disruptions to commodity supplies eased. Making a mockery of the Deep State/CIA/CNN which predicted that a Russian invasion would take place today, the Russian defense ministry announced more troops were returning to their bases after maneuvers ended in Crimea, while western officials remained cautious.

Global Markets Slide On Mounting Ukraine Tensions US index futures and global stocks extended their Friday losses on Monday, as worries about growing geopolitical conflict in Ukraine sparked concerns about global economic growth and adding to concerns about inflation and the prospect of aggressive Fed rate hikes to tame it. Nasdaq futures were down 1.2% by 715 a.m. ET after earlier sliding as much as 1.5%. S&P 500 futures slipped 0.8%, setting up the benchmark U.S. index to fall further from a two-week low reached on Friday. Treasury yields dropped further from a multi-year high hit on Friday and gold rose, while bitcoin extended its sharp decline from Friday. Focal points Monday include comments by St. Louis Fed President James Bullard at 8:30am ET. Airline stocks slid in premarket trading, following European peers lower, as growing concerns about geopolitical risks over Ukraine ripple through global markets. Lockheed Martin Corp. scrapped its bid to buy Aerojet Rocketdyne Holdings Inc. after the Federal Trade Commission sued to block the deal.

TOKYO: Japan''s Nikkei index fell on Monday by its most in nearly three weeks, dragged down by technology stocks, on investor concerns over escalating tensions surrounding Ukraine and broadening inflationary risks. The Nikkei share average lost 2.23% to close at 27,079.59, posting its biggest daily percentage drop since Jan. 27 and touching below the 27,000 level for the first time since Jan. 31. The broader Topix lost 1.63% to 1,930.65. "Because the market was closed (in Japan) on Friday, today''s market was hit by two separate negative news that happened last week - tensions surrounding Ukraine and Russia, and the sharp rise in US consumer prices," said Shuji Hosoi, a senior strategist at Daiwa Securities. "If the Ukraine situation gets worse, the market could fall further." Tokyo stocks close higher with eyes on US data Wall Street ended sharply lower on Friday for the second straight session, as investors fretted about deepening tensions between Russia and the West over Ukraine, US inflation and prospects of aggressive interest rate hikes by the Federal Reserve.

TOKYO: Tokyo stocks opened higher on Thursday after solid gains on Wall Street as investor sentiment improves ahead of a key inflation reading later in the day. The benchmark Nikkei 225 index rose 0.82 percent, or 226.24 points, to 27,806.11 at the open, while the broader Topix index added 0.56 percent, or 11.00 points, to 1,963.22. "Selling is likely to be dominant (in the Japanese market) after gains of US shares," Mizuho Securities said in a note. "But after completing a round of buying, a wait-and-see mood will spread ahead of the US inflation report and Japan''s three-day weekend," the investment bank predicted. Tokyo stocks close higher with eyes on earnings In New York, the Dow Jones Industrial Average finished up 0.9 percent. The S&P 500 gained 1.5 percent, while the tech-rich Nasdaq index jumped 2.1 percent. The dollar exchanged hands in Asian trade at 115.60 yen against 115.52 yen on Wednesday in New York. In Tokyo trading, tech shares were higher, with Tokyo Electron, which produces tools to build semiconductors, gaining 2.45 percent to 57,510 yen and chip-testing equipment maker Advantest jumping 3.96 percent to 9,710 yen.

Futures Tread Water Amid Peripheral Bond Rout As Key CPI Print Looms U.S. index futures swung around in a volatile, illiquid overnight session, and at last check were flat despite traders'' concerns about growing fireworks in the European bond market where Italian and Greek bond plunged amid fears of ECB rate hikes as soon as October, while waiting for Thursday''s key CPI data and further corporate earnings. S&P 500 futures were up 2 points or 0.05%, Nasdaq futures were up 26 points or 0.18% and Dow futures were up fractionally as markets now expect more than five quarter-point Federal Reserve interest-rate hikes in 2022 to keep inflation on check following a strong U.S. jobs report. Treasury yields and the dollar were stable, while the euro snapped a six-day strengthening run. WTI crude fell after last week''s rally. Chinese shares climbed on their return from a weeklong holiday. Bitcoin extended its recovery surge. In the premarket, Peloton was in focus, soaring 27% on reports it''s evaluating interest from potential suitors including Amazon and Nike.

Futures Reverse Overnight Gains As Amazon Euphoria Fizzles We warned last night that the surge in futures following the huge bounce in Amazon stock wouldn''t last (simply because a closer read of the company''s earnings left a lot to be desired) and sure enough, in the overnight (extremely illiquid) session, 500 futures erased gains of as much as 1.3% to trade 0.1% lower, or 10 points, to 4,460 as European stocks extend their decline as inflation and monetary tightening outweighed earnings optimism. Meanwhile, Nasdaq 100 futures pared much of their gains, trading just 0.5% higher after earlier rising more than 2%, one day after the index had the worst day since September 2020. The VIX increased for a third day Friday, hovering just below 26. The dollar dropped as the EUR surge continued, following yesterday''s unexpectedly hawkish comments from Lagarde ... while oil was on course for a seventh weekly advance with Brent rising Relief, as brief as it was, was welcome after a 4.2% crash in the Nasdaq 100 Index on Thursday, its biggest since 2020, fueled by a 26% rout in Meta Platforms following disappointing results.

Futures Recover From Wednesday Rout As Yields, VIX Stabilize Whereas the stock plunge on Tuesday could be blamed on surging rates, the repeat tumble on Wednesday took place as Treasury yields dropped sharply, so with markets at a loss how to read rate signals, so far this morning S&P e-mini futures have rebounded by 23 points ot 0.5% from yesterday''s low just above 4,500 - a key support level according to JPMorgan - as volatility eased and global bond yields appear to have stabilize for now, and hours after China''s latest easing measure when Beijing lowered mortgage lending benchmark rates on Thursday as monetary authorities step up efforts to prop up the slowing economy. 10Y Treasuries rose from session lows, last trading at 1.84%, European stocks fluctuated as the dollar index was little changed and crude oil slipped after a three-day rally as gold held around a two-month high. China''s cut to the one-year and five-year loan prime rates (LPR) which lowered the one-year LPR by 10 basis points to 3.70% from 3.80% - the second consecutive monthly cut - and the five-year LPR by 5 basis points to 4.60% from 4.65%, its first cut since April 2020. ... followed surprise cuts by China''s central bank on Monday to its short- and medium-term lending rates, and came days after the central bank''s vice governor flagged more moves ahead.

Futures Slide After Disappointing JPMorgan Earnings, Tech Rout Worsens After trading flat for much of the overnight session, S&P futures slumped to session lows shortly after JPM reported earnings that disappointed the market (see our full write up here ) and were last trading down 30 points or 0.64%, with Dow futures down 0.3% and Nasdaq futures taking on even more water as the "sell tech" trade was back with a bang. Treasury yields rose 3bps to 1.74% and the dollar reversed an overnight loss. The VIX jumped above 20 and was last seen around 21. The Nasdaq 100 fell to the lowest in almost three months yesterday as tech came under pressure after Fed Governor Lael Brainard said officials could boost rates as early as March. It looks like the selling will continue today. Market sentiment has been shaken by concerns over the prospect of imminent Fed tightening along with record global Covid-19 infection rates, but we dont expect either of these factors to end the equity rally, said UBS Wealth Management CIO Mark Haefele in a note. The fourth-quarter U.S. earnings season, which started this week, could turn investor attention back to strong fundamentals. JPMorgan shares dropped in premarket trading after revenues and EPS beat thanks to a $1.8 billion reserve release while FICC trading revenue missed expectations even as its dealmakers posted their best quarter ever and Chief Executive Officer Jamie Dimon gave an upbeat assessment of prospects for growth.

Japan's Fast Retailing, owner of clothing brand Uniqlo, said on Wednesday its first-quarter operating profit rose 5.6% from the year earlier period, boosted by sales in South Asia, North America and E

Futures Rebound As Fed-Induced Rout Finally Eases After yesterday''s miraculous tech recovery which saw gigacaps drop as much as 4% before recovering all losses and closing green, Nasdaq futures led gains among U.S. stock-index futures, hinting at further relief for technology stocks as Treasury yields retreated in early trading but have since steadied around 1.75%, unchanged from Monday. Nasdaq futures rose as much as 0.7%, while S&P 500 and Dow Jones contracts were also higher by about 0.4% ahead of Powells Senate confirmation hearing for second term as Fed chair which begins at 10am and where the Fed chair is expected to put on a dovish mask and walk back some of the recent hawkish commentary. Dip-buyers rescued the Nasdaq from a fifth session of declines on Monday after Marko Kolanovic urged JPM clients to buy the dip, writing that yields aren''t too high and the Fed''s won''t derail the economys rebound. We view the recent equity volatility as an adjustment to the Feds incrementally more hawkish stance, rather than a sign that the Fed is about to bring the recovery and the equity rally abruptly to an end, Mark Haefele, chief investment officer at UBS Global Wealth Management, said in a note. We now expect three Fed rate hikes this year, starting as soon as March. We are looking for opportunities to raise our weighting in stocks in 2022, according to Luca Paolini, chief strategist at Pictet Asset Management, whose firm has a neutral stance on equities. The global recovery remains resilient, thanks to a strong labor market, pent-up demand for services and healthy corporate balance sheets. In his second term confirmation hearing before the Senate Banking Committee at 10am ET today, Fed Chair Jerome Powell will say the central bank will keep inflation from becoming entrenched, but the post-pandemic economy may look different from previous expansions.

Futures Steady After Fed-Inspired Rout As Tech, Bitcoin Slide Continues US equity futures were little changed after earlier swings as traders digested hawkish Fed minutes that sparked a global stock rout on Wednesday. As discussed yesterday, minutes from the Feds December meeting showed a growing preference for a faster path of rate hikes and a shrinking of the banks balance sheet (one which would lead to yet another market crash and even more stimulus). However, while rising rates is terrible news for tech and high duration names, it''s good news for the value sector, and investors bet while the Fed''s faster-than-expected policy tightening (which will lead to faster than expected easing) may crimp highly valued technology stocks it will offer opportunities in other equity sectors, and sure enough with Nasdaq futures bombing again, energy names like Exxon are at 2 year highs. Treasury yields extended a spike, with the 10Y rising to 1.75%, the dollar was unchanged and bitcoin''s plunge continued even though the selling in stocks has subsided.

TOKYO: Japanese shares struggled for direction on Wednesday, as a rally in chip and other tech-related stocks following a strong Wall Street session overnight offset weakness in Toyota and its group companies, and retailers including Uniqlo-owner Fast Retailing. The Nikkei share average ended the morning session up 0.11%, while the broader Topix was unchanged. "With few drivers to trade off, there''s no real sense of direction to the market," said a market participant at a domestic securities firm. Sharp and Sony were among the Nikkei''s top percentage gainers, climbing 3.59% and 2.55% respectively. Tokyo Electron was the biggest mover by index points, adding 0.69%, while fellow chipmaker Advantest advanced 1.12%. Startup investor SoftBank Group rose 0.87%. Overnight, the US Nasdaq 100 rallied 2.29%, and the Philadelphia SE Semiconductor index jumped 3.35%. The Nikkei''s biggest mover was Shinsei Bank with a 7.17% gain after SBI Holdings, which recently completed a tender offer for Shinsei, said it''s worth pursuing the option of taking it private.

TOKYO: Japanese shares ended lower as cautious investors refrained from placing big bets ahead of meetings by the US Federal Reserve and other central banks, while the spread of the Omicron coronavirus variant also dented risk appetite globally. The Nikkei closed 0.73% lower at 28,432.64, while the broader Topix gave up early gains to end 0.22% weaker at 1,973.81. "Caution grew among investors as lesser time remained until they hear the outcome of the FOMC meeting, which could set a path for accelerated tapering and rate increase," said Kentaro Hayashi, senior strategist at Daiwa Securities, referring to the Federal Open Market Committee. "Monetary tightening brings headwinds for the stock market." The US Fed on Wednesday is expected to signal a faster wind-down of asset purchases, while the European Central Bank, the Bank of England and the Bank of Japan will also meet to discuss normalizing their own monetary policies. Wider Asian equities also declined after British Prime Minister Boris Johnson warned of a "tidal wave" of new Omicron cases, and the World Health Organization said it poses a "very high" global risk.

TOKYO: Tokyo stocks closed higher on Monday as investors took heart from US rallies and digested the Bank of Japan''s key business confidence survey. The benchmark Nikkei 225 index advanced 0.71 percent, or 202.72 points, to end at 28,640.49, while the broader Topix index added 0.13 percent, or 2.65 points, to 1,978.13. According to the Bank of Japan''s latest quarterly Tankan business survey, major manufacturers remain cautious about the economy''s trajectory. The survey, released 10 minutes before the opening bell, showed business sentiment in Japan was flat for the quarter as pandemic concerns lingered. While rallies on Wall Street supported Japanese shares, some investors took a wait-and-see approach ahead of the US Federal Reserve''s meeting later this week, Okasan Online Securities said. The dollar fetched 113.52 yen in Asian trade, against 113.37 yen in New York on Friday. In Tokyo trading, Uniqlo operator Fast Retailing jumped 2.58 percent to 69,760 yen while SoftBank Group rose 0.

Fast Retailing Co., Ltd. (OTCMKTS:FRCOY) Equities researchers at Jefferies Financial Group issued their FY2025 earnings per share (EPS) estimates for shares of Fast Retailing in a research report issued to clients and investors on Thursday, December 9th. Jefferies Financial Group analyst M. Allen forecasts that the company will post earnings of $2.43 per share []