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    7269   JP3397200001

SUZUKI MOTOR CORPORATION

(7269)
  Report
Delayed Japan Exchange  -  02:00 2022-09-26 am EDT
4688.00 JPY   -3.48%
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Marketmind: Looking at the bright side of markets

06/07/2022 | 03:17am EDT
A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City

A look at the day ahead in markets from Sujata Rao

It's a pretty eventful day in markets. U.S. 10-year yields are back above 3%, lifting the dollar to two-week highs. Then, the yen plumbed new 20-year lows, Australia upped interest rates by a half-point and the pound has fallen after a ruling party confidence vote failed to dislodge Prime Minister Boris Johnson.

U.S. and European equities are predictably under pressure.

Yet, look behind the surface and there are some positives.

The yield boost is due in large part, not to a fresh upsurge in inflation fears, but in anticipation of the $96 billion in new Treasury bonds hitting markets this week.

More importantly, the China re-opening trade is in full swing, with Beijing following Shanghai's example in further relaxing COVID curbs,

So Shenzen blue-chips are near seven-week highs, while U.S.- listed Chinese shares are set for a fourth week of gains, lifted too by thawing trade ties with Washington.

JPMorgan (bullish on Chinese stocks) estimate that areas accounting for some 10% of Chinese GDP are now affected by lockdowns, versus 40% back in April.

In nearby Japan, the yen's fall provoked verbal intervention again from finance minister Suzuki -- its weakness was being monitored with "a sense of urgency" he said -- a message diluted immediately by Bank of Japan governor Haruhiko Kuroda's reiteration that ultra-easy monetary policy would continue.

But Kuroda is fast becoming an outlier. The Reserve Bank of Australia wrong-footed investors with a 50 basis-point rate hike, its biggest move in 22 years. Rates are now at 0.85%, and raising them to 2.5% -- the level Governor Philip Lowe has previously flagged as Australia's neutral rates -- means a hectic tightening cycle is ahead.

Finally, UK PM Johnson will remain in Downing Street for now, having scraped through Monday's vote. The pound is down 0.7% as attention focuses again on the dire state of the economy; another sharp fall in UK retail sales means investors may be re-assessing how much longer the Bank of England can keep raising interest rates.

Key developments that should provide more direction to markets on Tuesday:

-Japan household spending falls faster than expected

-Final PMIs everywhere

-Euro zone Sentix index

-Chile to hike interest rates 75 bps to 9%

-Central Bank of Argentina meets

-U.S. trade balance

-U.S. 3-year note auction

(Reporting by Sujata Rao)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / JAPANESE YEN (AUD/JPY) -0.54% 93.247 Delayed Quote.12.02%
BRITISH POUND / JAPANESE YEN (GBP/JPY) -0.50% 154.161 Delayed Quote.-0.11%
BRITISH POUND / US DOLLAR (GBP/USD) -1.33% 1.06511 Delayed Quote.-19.80%
CANADIAN DOLLAR / JAPANESE YEN (CAD/JPY) -0.52% 105.169 Delayed Quote.15.81%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) -1.35% 0.7261 Delayed Quote.-7.03%
EURO / ARGENTINE PESO (EUR/ARS) -0.41% 140.4823 Delayed Quote.20.74%
EURO / JAPANESE YEN (EUR/JPY) -0.02% 138.964 Delayed Quote.6.16%
EURO / US DOLLAR (EUR/USD) -0.85% 0.96019 Delayed Quote.-14.81%
INDIAN RUPEE / JAPANESE YEN (INR/JPY) 0.46% 1.773804 Delayed Quote.14.18%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.45% 0.012252 Delayed Quote.-8.35%
JAPANESE YEN / SWISS FRANC (JPY/CHF) 0.48% 0.6874 Delayed Quote.-13.65%
NEW ZEALAND DOLLAR / JAPANESE YEN (NZD/JPY) -1.13% 81.464 Delayed Quote.4.59%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) -1.95% 0.5629 Delayed Quote.-15.97%
SUZUKI MOTOR CORPORATION -3.48% 4688 Delayed Quote.9.66%
US DOLLAR / ARGENTINE PESO (USD/ARS) 0.56% 146.26 Delayed Quote.41.64%
US DOLLAR / JAPANESE YEN (USD/JPY) 0.84% 144.729 Delayed Quote.24.56%
All news about SUZUKI MOTOR CORPORATION
09/21Suzuki Motor Corporation Announces Resignation of Lisa Yamai as Director
CI
09/16Airtel and IBM to Work Together to Bring Secured Edge Cloud Services to Indian Enterpri..
AQ
09/14Maruti Suzuki collaborates with Indian Oil Corporation; To offer enhanced benefits to o..
AQ
09/12Suzuki Signs Agreements with Two Indian Institutes of Management- Research in Business ..
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09/12Suzuki Invests in Applied EV; Accelerate the software development for next generation m..
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09/12Applied Electric Vehicles Pty Ltd announced that it has received funding from Suzuki Mo..
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09/05Maruti Suzuki Production Volume : August 2022
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09/02Suzuki to Provide Support for Pakistan
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08/31Suzuki Starts Biogas Demonstration Project in India
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08/30Maruti Suzuki commemorates '40 years of Suzuki's partnership with the people of India'
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More news
Analyst Recommendations on SUZUKI MOTOR CORPORATION
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Financials
Sales 2023 4 297 B 29 767 M 29 767 M
Net income 2023 191 B 1 326 M 1 326 M
Net cash 2023 602 B 4 170 M 4 170 M
P/E ratio 2023 12,0x
Yield 2023 2,25%
Capitalization 2 277 B 15 898 M 15 772 M
EV / Sales 2023 0,39x
EV / Sales 2024 0,34x
Nbr of Employees 69 193
Free-Float 85,1%
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Technical analysis trends SUZUKI MOTOR CORPORATION
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 17
Last Close Price 4 688,00 JPY
Average target price 5 640,63 JPY
Spread / Average Target 20,3%
EPS Revisions
Managers and Directors
Toshihiro Suzuki Senior Manager-Products Planning
Osamu Honda Representative Director & Technical Supervisor
Toshiaki Hasuike Director, VP, Head-Production & Technology
Kinji Saito Director & Senior Managing Executive Officer
Takanori Suzuki Director & Senior Managing Executive Officer
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