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Prospects for the US market: An atmosphere that wants to determine the whereabouts of the FRB after US employment statistics, the Dow Average starts at 60.04 dollars lower

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moomooニュース米国株 wrote a column · Apr 10, 2023 08:32
Prospects for the US market: An atmosphere that wants to determine the whereabouts of the FRB after US employment statistics, the Dow Average starts at 60.04 do...
Good evening to all Moomoo users!This is tonight's NY stock reading.

Market Overview
The US market started, the Dow Jones Industrial Average composed of excellent stocks fell 60.04 dollars to 33425.25 dollars, and the Nasdaq Composite Stock Price Index, which has a high high-tech stock ratio, fell 112.83 points to 11975.13. The S&P 500 average, which consists of 500 stocks that are large American stocks, fell 19.82 points to 4085.20.
Prospects for the US market: An atmosphere that wants to determine the whereabouts of the FRB after US employment statistics, the Dow Average starts at 60.04 do...

$Dow Jones Industrial Average(.DJI.US)$
$Nasdaq Composite Index(.IXIC.US)$
$S&P 500 Index(.SPX.US)$

Top news
The peak of the FRB's interest rate hike is approaching, and the global tightening cycle is on the horizon
The majority of central banks in each country/region are either close to their peak in the interest rate hike cycle to control inflation, or are at the stage where tightening has already been completed, and it seems that the possibility of suspending future interest rate hikes and switching to monetary easing will also come into view.

US is likely to ease inflationary pressure due to slowing wage growth
According to the US employment statistics for March, the rate of increase in average hourly wages in the past year was 4.2%, which slowed down from 4.6% in February, and fell 4.3% below market expectations, which is a good sign for the US Federal Reserve (Fed).

US Treasury Big Short Reaction - Inexplicable Recession Signals
When banks began to fail, the bond market's reaction was very clear. The yield on 2-year US government bonds fell 1 point on March 3 business days, a major decline since 1982. For traders accustomed to seeing these signals absolutely, the message was clear. The days when inflation was a major threat are over.

YCC and negative interest rates continue to be appropriate, showing an attitude of maintaining the status quo - Governor Ueda
On the night of the 10th, the new governor of the Bank of Japan Kazuo Ueda expressed the view that it is appropriate to continue both the yield curve control (long and short interest rate operation, YCC) policy and the negative interest rate policy.

Apple shipments fell sharply by 40%, and PC manufacturers struggled to resolve COVID-19 special demand
$Apple(AAPL.US)$ The number of personal computer (PC) shipments decreased by 40.5% in January-March (first quarter). It was a tough start to the year for PC manufacturers with unsold inventory.

Tesla to establish new battery storage plant in China
Major US electric vehicle (EV) companies $Tesla(TSLA.US)$ will build a new battery factory in Shanghai, China. China's state-run Xinhua News Agency reported on the 9th.
Distribution source: Bloomberg, Dow Jones
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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