TSE Regular Trading, US Retail Sales Contraction, and Citizen Watch Guidance Upgrade
Three Key Market Drivers Today
On August 14, US markets closed modestly lower, with the Nasdaq falling 0.28% to 26,729.16, the S&P 500 dipping 0.17% to 7,785.76, and the Dow falling 0.20% to 53,732.41.
US July retail sales unexpectedly declined 0.6% MoM, signaling moderating consumer demand while easing interest rate hike expectations.
Citizen Watch revised full-year operating profit up to 40.5 billion yen and lifted dividends, Dentsu Group returned to operating profit, and GMO Internet Group posted record interim results.
The Tokyo Stock Exchange conducts regular trading on August 17. Covering disclosures from 15:30 JST on August 14 to 05:30 JST on August 17, we review Bank of Japan foreign exchange conditions, the three major US indices on August 14, US macro data, and TSE Prime post-close disclosures based on primary sources.
Japan Markets
TSE Regular Trading on August 17
August 17 is not a market holiday on the JPX calendar, and the TSE conducts regular trading.
FX, Rates & Macro
US July Retail Sales Dip 0.6%
US retail sales for July decreased 0.6% from the previous month, reflecting cooling consumer momentum.
US Markets
Final closing values for August 14 are used over the weekend.
NASDAQ-100
NDX · Close
30,046.14
−38.36−0.13% (down)
NASDAQ Composite
COMP · Close
26,729.16
−73.86−0.28% (down)
PHLX Semiconductor
SOX · Close
12,417.05
−38.95−0.31% (down)
US Stocks Ease Modestly to Close Week
On August 14, US stocks moved narrowly lower with the Dow falling 107.50 dollars and the S&P 500 down 13.20 points.
Prime Companies
CITIZEN WATCH CO., LTD. (7762)
Q1 Operating Profit Up 110.9%; Full-Year Forecast and Dividend Lifted
Citizen Watch reported Q1 operating profit of 9.91 billion yen (up 110.9% YoY) and revised upward its full-year operating profit forecast to 40.5 billion yen, raising annual dividend guidance to 53 yen.
Dentsu Group Inc. (4324)
Turnaround to Operating Profit and Net Profit in Q2
Dentsu Group reported Q2 net revenue of 288.0 billion yen and operating profit of 18.91 billion yen, returning to profitability from the prior-year loss, supported by 5.4% organic growth in Japan.
GMO Internet Group, Inc. (9449)
Record High Interim Results; Full-Year Forecast Kept Undisclosed
GMO Internet Group posted record first-half net sales of 158.65 billion yen (up 11.2% YoY) and operating profit of 34.20 billion yen (up 17.1% YoY), driven by growth in Internet infrastructure and finance.
Article Information10 sources1 correction
Correction History
Sources
Japan Exchange Group (JPX)Primary source
NYSEPrimary source
NasdaqPrimary source
Nasdaq Global IndexesPrimary source
Nasdaq Global IndexesPrimary source
Nasdaq Global IndexesPrimary source
ReutersSecondary source
TDnet / Citizen WatchPrimary source(Source in Japanese)
TDnet / Dentsu GroupPrimary source(Source in Japanese)
TDnet / GMOPrimary source(Source in Japanese)
Disclaimer
Market Flow presents curated public information for reference and does not provide investment advice or recommendations regarding financial instruments. It does not recommend the purchase or sale of specific financial products, nor does it provide independent future forecasts.