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    9984   JP3436100006

SOFTBANK GROUP CORP.

(9984)
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Stimulus still the name of the game

09/07/2021 | 02:59am EDT

Sept 7 - A look at the day ahead from Danilo Masoni.

 

Strong trade data from China, speculation the Fed might push back tapering its bond purchases after last month's lacklustre job creation and the prospect of more stimulus in Japan are making for another risk-on session.

World stocks have notched their eighth consecutive day of gains to lifetime peaks in Asian hours, while Wall Street futures point to near record openings after the long Labor Day weekend.

Japan's Topix index, having powered to 31-year highs after Prime Minister Suga's abrupt departure, got an extra fillip as Fumio Kishida, a contender to succeed Suga, called for a 30 trillion-yen stimulus package ($273 billion)

Australia's central bank, meanwhile, stuck with plans to trim its bond buying programme but in a dovish concession it extended the programme to at least mid-February. Next up on the central banking front is Thursday's ECB meeting, where a possible decision to slow bond purchases have lifted bond yields to around seven-week highs.

On currency markets, the Australian dollar slipped 0.3% after the RBA's decisiion to extend its stimulus programme, while the yuan firmed modestly after data showing an unexpected 25.6% pick-up in Chinese exports last month.

And on the corporate news front, eyes on Allianz after regulators reportedly launched an investigation into Germany's No.1 financial company following the demise of some of its U.S. investment funds. Deutsche Telekom shares rose 2% premarket after the sale of its Dutch unit while it also struck a share-swap deal with Softbank to up its stake in U.S. unit T-Mobile.

 

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

-China's Aug exports growth unexpectedly picks up speed in boost to economy -Australia's central bank sticks to tapering, but extends timeline - Aluminium prices stay near 10-year peaks after Guinea coup. -Emerging markets: Argentina central bank - UK consumer spending rose by 15.4% last month compared with August 2019 -German industrial output/ZEW sentiment -Auctions: US Treasury 3-year notes; T-bills, 12-month, 6-month, 3-month

(Reporting by Danilo Masoni; editing by Sujata Rao)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ALLIANZ SE 1.12% 198.6 Delayed Quote.-1.05%
AUSTRALIAN DOLLAR / CANADIAN DOLLAR (AUD/CAD) -0.06% 0.91695 Delayed Quote.-6.22%
AUSTRALIAN DOLLAR / CHINESE YUAN RENMINBI (AUD/CNY) -0.05% 4.774671 Delayed Quote.-4.84%
AUSTRALIAN DOLLAR / EURO (AUD/EUR) 0.02% 0.6396 Delayed Quote.1.53%
AUSTRALIAN DOLLAR / JAPANESE YEN (AUD/JPY) 0.45% 84.765 Delayed Quote.6.26%
AUSTRALIAN DOLLAR / NEW ZEALAND DOLLAR (AUD/NZD) -0.49% 1.04858 Delayed Quote.-1.57%
AUSTRALIAN DOLLAR / SWISS FRANC (AUD/CHF) -0.16% 0.68415 Delayed Quote.0.66%
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) 0.10% 0.7421 Delayed Quote.-3.64%
BRITISH POUND / AUSTRALIAN DOLLAR (GBP/AUD) 0.50% 1.85275 Delayed Quote.3.83%
BRITISH POUND / CHINESE YUAN RENMINBI (GBP/CNY) 0.47% 8.846455 Delayed Quote.-1.32%
BRITISH POUND / EURO (GBP/EUR) 0.47% 1.1848 Delayed Quote.5.39%
BRITISH POUND / US DOLLAR (GBP/USD) 0.59% 1.3749 Delayed Quote.-0.06%
CANADIAN DOLLAR / AUSTRALIAN DOLLAR (CAD/AUD) 0.04% 1.090572 Delayed Quote.6.64%
CANADIAN DOLLAR / CHINESE YUAN RENMINBI (CAD/CNY) 0.14% 5.2024 Delayed Quote.1.51%
CANADIAN DOLLAR / EURO (CAD/EUR) 0.00% 0.697136 Delayed Quote.8.32%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) -0.01% 0.8079 Delayed Quote.2.90%
DEUTSCHE TELEKOM AG -0.02% 16.526 Delayed Quote.10.50%
EURO / ARGENTINE PESO (EUR/ARS) 0.17% 115.0732 Delayed Quote.11.84%
EURO / AUSTRALIAN DOLLAR (EUR/AUD) -0.04% 1.56269 Delayed Quote.-1.47%
EURO / CHINESE YUAN RENMINBI (EUR/CNY) 0.01% 7.4634 Delayed Quote.-6.37%
EURO / US DOLLAR (EUR/USD) 0.09% 1.16 Delayed Quote.-5.12%
INDIAN RUPEE / AUSTRALIAN DOLLAR (INR/AUD) -0.11% 0.017964 Delayed Quote.1.06%
INDIAN RUPEE / CHINESE YUAN RENMINBI (INR/CNY) -0.15% 0.085772 Delayed Quote.-3.85%
INDIAN RUPEE / EURO (INR/EUR) -0.11% 0.011484 Delayed Quote.2.62%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.06% 0.013331 Delayed Quote.-2.58%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) 0.53% 0.70722 Delayed Quote.-2.01%
NIKKEI 225 1.81% 29068.63 Real-time Quote.5.92%
S&P 500 0.75% 4471.37 Delayed Quote.16.18%
S&P GSCI ALUMINUM INDEX 0.52% 201.6785 Delayed Quote.58.78%
SOFTBANK GROUP CORP. 0.61% 6290 End-of-day quote.-21.94%
T-MOBILE US -1.43% 117.56 Delayed Quote.-12.82%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) -0.03% 6.432 Delayed Quote.-0.97%
US DOLLAR / ARGENTINE PESO (USD/ARS) -0.10% 99.085 Delayed Quote.17.82%
US DOLLAR / AUSTRALIAN DOLLAR (USD/AUD) -0.11% 1.347527 Delayed Quote.3.79%
US DOLLAR / CHINESE YUAN RENMINBI (USD/CNY) 0.00% 6.434 Delayed Quote.-1.31%
US DOLLAR / EURO (USD/EUR) -0.09% 0.862069 Delayed Quote.5.39%
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Analyst Recommendations on SOFTBANK GROUP CORP.
More recommendations
Financials
Sales 2022 6 040 B 52 864 M 52 864 M
Net income 2022 1 310 B 11 464 M 11 464 M
Net Debt 2022 15 330 B 134 B 134 B
P/E ratio 2022 8,26x
Yield 2022 0,70%
Capitalization 10 775 B 94 382 M 94 307 M
EV / Sales 2022 4,32x
EV / Sales 2023 4,04x
Nbr of Employees 58 786
Free-Float 69,3%
Chart SOFTBANK GROUP CORP.
Duration : Period :
SoftBank Group Corp. Technical Analysis Chart | 9984 | JP3436100006 | MarketScreener
Technical analysis trends SOFTBANK GROUP CORP.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 15
Last Close Price 6 290,00 JPY
Average target price 10 325,87 JPY
Spread / Average Target 64,2%
EPS Revisions
Managers and Directors
Masayoshi Son Chairman & Executive President
Yoshimitsu Goto CFO, Director & Senior Managing Executive Officer
Raul Marcelo Claure Chief Operating Officer & Executive Vice President
Tim Mackey Chief Legal Officer & Group Compliance Officer
Masami Iijima Independent Outside Director
Sector and Competitors
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