Japanese equity markets reflecting the down and up and down of USDJPY
- Topix closed +0.06 at 1469.42
- USDJPY nudging up again and posting 112.84. Offers/res still lurking at 113.00
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SpaceX eyes $75B IPO, $1.75T valuation. High P/S ratio of 110x, but analysts see justification.
ET yields 7%, trades below target, P/E 11.5, PEG 0.64. Mid-teens returns expected.
NEXT jumps 11% on insider buys & rising LNG demand amid Mideast conflict. Board member bought shares at $7.07.
Hormuz blockade risks soaring Brent crude to $150+. WTI discounts widen as Asia scrambles for supply.
Micron's 196% revenue jump & 74.9% gross margin can't stop fears of cyclicality. Stock trades at 8x forward P/E, but a 30-50% fall is possible.
Fed’s Barr warns a sustained energy shock could lift inflation expectations and entrench price pressures, arguing the Fed should remain patient as markets scale back expectations for rate cuts.
JPM's new private credit fund offers 7.5% redemptions, balancing yield with liquidity for investors.
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