UPDATE 3-Capex drives Japan's fastest expansion since 2016, seen backing growth [Reuters]
Sumitomo Mitsui Financial Group Inc Unsponsored American Depositary Shares (Japan) (SMFG)
US:NYSE Investor Relations:
smfg.co.jp/english/investor
Company Research
Source: Reuters
Capex drives Japan's fastest expansion since 2016, seen backing growth | Reuters 4 Min Read TOKYO (Reuters) - Heavy capital spending in the second quarter drove Japan’s economy to its fastest growth since 2016, underscoring the view that capex continues to back the economy even as trade tensions and a string of natural disasters pose risks to the outlook. Revised Cabinet office data out on Monday showed the economy grew an annualized 3.0 percent in April-June, handily beating economists’ median estimate for 2.6 percent gain and the initial estimate of a 1.9 percent expansion. It was the fastest expansion since first-quarter 2016. The economy’s improved performance should be a relief for policymakers worried over fallout from a trade war between the United States and China, which could derail global growth and in turn damage Japan’s export-reliant economy. Capital expenditure has been a bright spot in Japan’s economy, the world’s third largest, although companies remain cautious about
Show less
Read more
Impact Snapshot
Event Time:
SMFG
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SMFG alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SMFG alerts
High impacting Sumitomo Mitsui Financial Group Inc Unsponsored American Depositary Shares (Japan) news events
Weekly update
A roundup of the hottest topics
SMFG
News
- BOJ's Hawkish Member Eyes Steady Rate Hikes for Normalization [BNN Bloomberg (Canada)]BNN Bloomberg
- BOJ Tankan to show Q1 manufacturers' optimism eased slightly, services improved - Reuters poll [Reuters]Reuters
- Japan's Nikkei Hits New High; Yen Holds Near Record Low [Yahoo! Finance]Yahoo! Finance
- Top Japan banks weigh first rate hikes on ordinary deposits in 17 years after BOJ [Reuters]Reuters
- Ex-BOJ Official Sees Chance Pay Results to Prompt March Hike [BNN Bloomberg (Canada)]BNN Bloomberg
SMFG
Sec Filings
- 3/27/24 - Form 6-K
- 3/27/24 - Form 6-K
- 3/25/24 - Form 6-K
- SMFG's page on the SEC website