Morning Report | Be wary of deposit outflows, is the Tokyo stock market going back and forth with a 20% depreciation of the US Bank PackWest stock market
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Here are the key points of this morning's first report:
● [Tokyo Stock Exchange Rate Forecast Range] 28,900 yen to 29,200 yen
● Be wary of America's Jigin Pak West shares 20% depreciation and 10% deposit outflow
● US Twitter hires new CEO = Mr. Musk
● Discussions between Mr. Biden and congressional executives on the US debt ceiling issue are postponed to next week
● Aim to get advertisers off TV on YouTube and the NFL
Market Overview
In the US stock market on the 11th, the NY Dow Jones Industrial Average continued to fall for 4 days to 33,309 dollars 51 cents, which is 221 dollars 82 cents lower than the previous business day. The Nasdaq Composite Stock Price Index was 12,328.507, up 22.065 points from the same period. The Tokyo stock market on the 12th is a development where buying and selling intertwined, and the Nikkei Stock Average is around 29,000 yen, and price movements are expected to go back and forth even though they are weak.
Top news
Is US inflation decelerating at an insufficient pace for early interest rate cuts
Louis Naverier of Naveria & Associates stated in the report that the inflation rate measured by the consumer price index (CPI) “is likely to decelerate to a pace of 3% per annum by July after the 2023/6 CPI is announced.” It is said that the base effect due to comparison with the previous year was taken into account. It was pointed out that “the 3% inflation rate is not low enough for the US Federal Reserve (Fed) to lower policy interest rates, but the CPI annual rate of increase will probably approach the Fed's inflation target of 2% by November, and there is a possibility that the Fed will be convinced that interest rates will be cut in December.”
US Twitter hires new CEO = Mr. Musk
US Twitter Chief Executive Officer Elon Musk (CEO) said on the 11th that he has hired a CEO to succeed him. The name has not been revealed. Musk said, “She will start her duties in 6 weeks!” and tweeted. Mr. Musk himself, who has served as CEO since acquiring the company in October last year, changed to executive chairman and chief technology officer (CTO) and stated that he will concentrate on supervisory work related to products and software.
US debt ceiling issue, discussions between Mr. Biden and congressional executives postponed to next week = related sources
President Joe Biden, who was scheduled to discuss the path for raising the US government debt ceiling on the 12th, and congressional executives postponed discussions to the beginning of next week. Multiple people involved who are familiar with the situation have made it clear. It is said that this is to increase negotiation time for the administrative offices of both sides.
YouTube aims to get advertisers off TV in NFL
metres $Alphabet-C(GOOG.US$YouTube (YouTube), a video posting site under its umbrella, will hold a presentation at UPFRONT (pre-sale event for ad slots that sign an annual contract) next week. The aim is to attract major companies that are regular TV commercials by utilizing the exclusive rights of the US pro football NFL's “NFL Sunday Ticket.”
Minneapolis Fed President Keeps a Closer Look at the Interactions of Inflation and Interest Rates
US Minneapolis Area Federal Reserve President Neil Kashkari said on the 11th that he is closely monitoring the interaction between inflation and interest rate policies and what kind of strain it will cause to the banking system.
Be wary of America's Jigin Pack West shares 20% depreciation and 10% deposit outflow
The market is once again intensifying concerns about the Bank of America's deposit outflow. Of the California Regional Bank of the United States $パックウェスト・バンコープ(PACW.US$Since it was revealed that deposit balances as of the 11th and 5th had decreased by 10% compared to the previous week, the company's stock price fell 23% from the previous day on the 11th.
Tokyo Stock Exchange Rate Forecast
Is the stock exchange rate forecast for the 12th = a development of going back and forth, or be wary of the depreciation of the Bank of America and the Caribbean
Key Market Events
Main market events on the 12th
Forex
● [Tokyo Stock Exchange Rate Forecast Range] 28,900 yen to 29,200 yen
● Be wary of America's Jigin Pak West shares 20% depreciation and 10% deposit outflow
● US Twitter hires new CEO = Mr. Musk
● Discussions between Mr. Biden and congressional executives on the US debt ceiling issue are postponed to next week
● Aim to get advertisers off TV on YouTube and the NFL
Market Overview
In the US stock market on the 11th, the NY Dow Jones Industrial Average continued to fall for 4 days to 33,309 dollars 51 cents, which is 221 dollars 82 cents lower than the previous business day. The Nasdaq Composite Stock Price Index was 12,328.507, up 22.065 points from the same period. The Tokyo stock market on the 12th is a development where buying and selling intertwined, and the Nikkei Stock Average is around 29,000 yen, and price movements are expected to go back and forth even though they are weak.
Top news
Is US inflation decelerating at an insufficient pace for early interest rate cuts
Louis Naverier of Naveria & Associates stated in the report that the inflation rate measured by the consumer price index (CPI) “is likely to decelerate to a pace of 3% per annum by July after the 2023/6 CPI is announced.” It is said that the base effect due to comparison with the previous year was taken into account. It was pointed out that “the 3% inflation rate is not low enough for the US Federal Reserve (Fed) to lower policy interest rates, but the CPI annual rate of increase will probably approach the Fed's inflation target of 2% by November, and there is a possibility that the Fed will be convinced that interest rates will be cut in December.”
US Twitter hires new CEO = Mr. Musk
US Twitter Chief Executive Officer Elon Musk (CEO) said on the 11th that he has hired a CEO to succeed him. The name has not been revealed. Musk said, “She will start her duties in 6 weeks!” and tweeted. Mr. Musk himself, who has served as CEO since acquiring the company in October last year, changed to executive chairman and chief technology officer (CTO) and stated that he will concentrate on supervisory work related to products and software.
US debt ceiling issue, discussions between Mr. Biden and congressional executives postponed to next week = related sources
President Joe Biden, who was scheduled to discuss the path for raising the US government debt ceiling on the 12th, and congressional executives postponed discussions to the beginning of next week. Multiple people involved who are familiar with the situation have made it clear. It is said that this is to increase negotiation time for the administrative offices of both sides.
YouTube aims to get advertisers off TV in NFL
metres $Alphabet-C(GOOG.US$YouTube (YouTube), a video posting site under its umbrella, will hold a presentation at UPFRONT (pre-sale event for ad slots that sign an annual contract) next week. The aim is to attract major companies that are regular TV commercials by utilizing the exclusive rights of the US pro football NFL's “NFL Sunday Ticket.”
Minneapolis Fed President Keeps a Closer Look at the Interactions of Inflation and Interest Rates
US Minneapolis Area Federal Reserve President Neil Kashkari said on the 11th that he is closely monitoring the interaction between inflation and interest rate policies and what kind of strain it will cause to the banking system.
Be wary of America's Jigin Pack West shares 20% depreciation and 10% deposit outflow
The market is once again intensifying concerns about the Bank of America's deposit outflow. Of the California Regional Bank of the United States $パックウェスト・バンコープ(PACW.US$Since it was revealed that deposit balances as of the 11th and 5th had decreased by 10% compared to the previous week, the company's stock price fell 23% from the previous day on the 11th.
Tokyo Stock Exchange Rate Forecast
Is the stock exchange rate forecast for the 12th = a development of going back and forth, or be wary of the depreciation of the Bank of America and the Caribbean
Key Market Events
Main market events on the 12th
Forex
Distribution source: Dow Jones, MINKABU, Weiss Advisor, Nihon Keizai Shimbun
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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