Sumitomo Mitsui Financial Group shares were recently 4.2% higher, Dai-ichi Life Holdings shares were up 4.3% and Resona Holdings shares were 5.3% higher. The benchmark Nikkei Stock Average was recently down 0.3% at 32514.55.
Voters Feel Better About the Economy, but Few Credit Biden, Polls Find
Voters have a slightly rosier view of the economy now that inflation is easing. Few are giving President Biden credit for the improvement.
That is the takeaway from the latest Wall Street Journal poll and other surveys that show Americans' outlook has brightened in recent months. Democrats and independent voters are driving the shift in more positive perceptions of the economy as the Biden campaign highlights ebbing risks that the U.S. will tip into a recession.
Hard-Line Conservatives Talk Tough, and Government Shutdown Looms
WASHINGTON-House dissidents say they're serious this time.
After putting Kevin McCarthy through 15 ballots to win the House speakership, a group of hard-line Republicans has wrestled with how aggressively to respond to what they call his failure to keep the promises he made. The dissidents shut down the floor in June to protest a debt-ceiling deal with President Biden. In July, the faction blocked a floor vote on one of 12 annual spending bills, complaining that GOP leaders had relied on gimmicks to reach McCarthy's commitment to cut spending to fiscal 2022 levels.
Trump's Truth Social Challenge Now Is to Get a Deal Done
Donald Trump's media company is pushing to complete a lucrative deal to go public, but it faces pressure from a slowdown in growth and the former president's return to mainstream social media.
Truth Social's parent company is trying to go public through a merger with a special-purpose acquisition company. The transaction could value Trump Media & Technology Group at more than $1 billion and generate a windfall of hundreds of millions of dollars. Trump would own about half the public company as its chairman.
Xi's Tight Control Hampers Stronger Response to China's Slowdown
Xi Jinping has placed the Communist Party-and himself-in greater command of China's economy over the past decade. Now his centralization of power is delaying the country's response to its worst economic slowdown in years.
Officials in charge of day-to-day economic affairs have been holding increasingly urgent meetings in recent months to discuss ways to address the deteriorating outlook, people familiar with the matter said.
Write to paul.larkins@dowjones.com TODAY IN CANADA
Earnings:
NanoXplore 4Q
Stocks to Watch:
Brookfield Asset Management is partnering with France's Societe Generale to set up a private-debt fund worth $10.70 billion over the next four years, a move the companies say will significantly increase their financing footprint while addressing growing demand for private debt. Read more .
Vecima Networks Enters Warrant Agreement With Charter Communications; Charter May Buy Up to 361,050 Shrs at Exercise Price Equal to C$17.09 a Warrant Until Jan. 1, 2031; Warrants Subject to Charter Meeting Spending Targets
Expected Major Events for Monday
06:00/JPN: Aug Preliminary Machine Tool Orders
08:00/ITA: Jul Industrial Production
23:01/UK: 4Q Manpower UK Employment Outlook Survey
All times in GMT. Powered by Kantar Media and Dow Jones.
Expected Earnings for Monday
Bowlero Corp (BOWL) is expected to report for 4Q.
Casey's General Stores (CASY) is expected to report $3.45 for 1Q.
Charah Solutions Inc (CHRA) is expected to report for 2Q.
Crossroads Impact Corp (CRSSD) is expected to report for 3Q.
EVI Industries Inc (EVI) is expected to report for 4Q.
Frequency Electronics (FEIM) is expected to report for 1Q.
FuelCell Energy Inc (FCEL) is expected to report for 3Q.
Matrix Service (MTRX) is expected to report $-0.21 for 4Q.
Mission Produce Inc (AVO) is expected to report for 3Q.
Optical Cable (OCC) is expected to report for 3Q.
Oracle Corp (ORCL) is expected to report $0.69 for 1Q.
SeaChange International Inc (SEAC) is expected to report for 2Q.
Sigmatron International Inc (SGMA) is expected to report for 1Q.
Silver Bull Resources is expected to report for 3Q.
Skillsoft Corp (SKIL) is expected to report for 2Q.
Tattooed Chef Inc (TTCFQ) is expected to report for 2Q.
Wall Financial is expected to report for 2Q.
Powered by Kantar Media and Dow Jones.
ANALYST RATINGS ACTIONS
ABM Industries Cut to Hold From Buy by Deutsche Bank
Adobe Raised to Buy From Neutral by Mizuho
Clarivate Cut to Underweight From Equal-Weight by Barclays
ConocoPhillips Raised to Buy From Hold by Erste Group
CSX Corp Raised to Buy From Neutral by B of A Securities
Delek Logistics Partners Raised to Neutral From Sell by Citigroup
DigitalOcean Cut to Underperform From Buy by B of A Securities
Essex Property Cut to Neutral From Buy by Citigroup
First Solar Raised to Buy From Hold by Deutsche Bank
First Solar Raised to Outperform From Neutral by Pickering Energy Partners
Gatos Silver Raised to Buy From Hold by Canaccord Genuity
Gatos Silver Raised to Buy From Hold by Canaccord Genuity
Gilead Sciences Raised to Buy From Neutral by B of A Securities
Nike Cut to Hold From Buy by Erste Group
Omega Healthcare Raised to Buy From Neutral by Mizuho
Spruce Biosciences Raised to Outperform From Market Perform by SVB Leerink
Summit Materials Cut to Peer Perform From Outperform by Wolfe Research
Vir Biotechnology Cut to Neutral From Buy by B of A Securities
This article is a text version of a Wall Street Journal newsletter published earlier today.
(END) Dow Jones Newswires
09-11-23 0614ET
