The markets are catching on to Trump's tampering: economist
There is a “dangerously circular” dynamic at play that is causing President Donald Trump’s Iran War to last far longer than anyone — including the president — has suggested, and it involves oil.The Atlantic‘s Rogé Karma argues that when the price of oil gets too high, Trump declares the war is near
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Sugar stocks fall up to 7% on export ban; analysts see limited long-term impact
Sugar company shares dropped Thursday after India banned sweetener exports.此举是在国内糖价上涨以及对农作物产量的担忧之后做出的。尽管面临短期挑战,分析师仍认为该行业的中长期前景乐观。 Capacity expansion for ethanol blending is expected to support future production and sales, mitigating the impact of export restrictions.
NAV倍率1倍割れが長期化するJ-REIT市場。回復の道筋は?
在J-REIT(房地产投资信托)市场,作为估值指标之一的NAV比率(相当于股票估值中的PBR)自2022年12月以来一直低于1倍,并且与理论解散价值(NAV:资产净值)相比持续被低估(图1)。然而,实现这一目标的障碍相当高。根据Nissay研究所的展望1,在主要情景下,预计未来五年DPU增速将保持持平。此外,尽管股息收益率(4.9%)足够高,但与当前10年期国债收益率的利差为2.6%,与历史平均水平(3.5%)相比已经较低。利率上行压力依然强劲,预计借贷成本将持续上升,投资者要求的收益率仍将维持较高水平。在这种市场条件下,J-REIT 公司需要比以往更加积极主动。具体而言,可以利用整个市场总计