Morning Report | Will Tesla and Ford Partner for EV Charging Will the Tokyo Stock Market Continue to Grow
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Here are the key points of this morning's first report:
● [Tokyo Stock Exchange Rate Forecast Range] 37,700 yen - 31,100 yen
● Tesla and Ford partner for EV charging
● German and Dutch authorities, where Tesla is sluggish, scrutinize due to insufficient data including “autopilot”
● Intel's backwards depreciation and NVIDIA's good financial results raise concerns on the contrary
● President Biden presents a plan to freeze spending for 2 years - negotiations will be settled
● Wall Street reconsiders pessimistic US stock market outlook - anxiety about missing opportunities spreads
Market Overview
In the US stock market on the 25th, the NY Dow Jones Industrial Average fell to 32,764 dollars 65 cents, 35 dollars 27 cents lower than the previous business day. The Nasdaq Composite Stock Price Index was 12,698.094, up 213.932 points from the same period. Will the Tokyo stock market continue to grow on the 26th?
Top news
Tesla and Ford partner to charge EVs
Major US electric vehicle (EV) company $Tesla (TSLA.US)$Within the United States, rice $Ford Motor (F.US)$Tesla's quick charging facility “supercharger” network will be opened to customers. The chief executives (CEOs) of both companies made a joint announcement on the 25th. With this partnership, Ford customers will be able to use more than 12,000 “superchargers” from the beginning of 2024. Also, Ford will adopt Tesla's charging port.
Tesla is sluggish German and Dutch authorities scrutinize due to insufficient data including “autopilot”
Entering the end of NY time $Tesla (TSLA.US)$There is a movement where growth is sluggish. It was reported from the German and Dutch authorities that they are being scrutinized about the possibility that personal data, including the company's driver assistance product “Autopilot,” is inadequate. The German newspaper Handelsblat reported. The company's unidentified lawyer's statement that the person who turned from a former employee to a whistleblower may be the source of information is quoted.
On the contrary, concerns are growing due to Intel's good financial results with a retrograde depreciation and NVIDIA
Today $NVIDIA (NVDA.US)$Purchases have swelled across the board in response to the financial results of semiconductor-related stocks, $Intel (INTC.US)$Sales have intensified and it has become retrograde depreciation. There is growing concern at Intel that corporate data center budgets are shifting from central processing units, which are the company's strengths, to graphics processing devices that NVIDIA monopolizes. NVIDIA CEO Juan stated at the financial results briefing that “the computer industry is at the beginning of the reorganization of data centers around the world.”
Mr. Wood's flagship ETF relinquishes NVIDIA stock - before market capitalization increased by 78 trillion yen
Cathy Wood's flagship exchange-traded fund (ETF) is a US semiconductor manufacturer, $NVIDIA (NVDA.US)$I sold all of my shares in the first half of January. This was before the company and major high-tech stocks in the same industry skyrocketed due to the artificial intelligence (AI) boom.
US debt ceiling talks postponed after Memorial Day
The US House of Representatives went into recess to coincide with the weekend of War Dead Officers and Soldiers Day (Memorial Day, 29th) without an agreement on raising the US federal government's debt ceiling. The White House and the Republican Party leadership in the House of Representatives have been unable to easily agree on the scale of government spending, and this is the biggest hurdle to reaching a debt negotiation agreement.
President Biden says negotiations will be settled - presents a plan to freeze spending for 2 years
On the afternoon of the 25th, US President Biden expressed recognition that productive discussions were being held over the federal debt ceiling and spending, and negotiations would be concluded. President Biden stated at the White House that he presented a plan to freeze spending for 2 years.
Wall Street reconsiders pessimistic US stock market outlook - anxiety about missing opportunities spreads
Strategists and portfolio managers who anticipated that the US stock market would remain almost flat in 2023 are changing this view. This is because it has changed to anxiety about missing an opportunity if it rises. Andrew Slimmon, senior portfolio manager at Morgan Stanley Investment Management, believes that his recent view that the S&P 500 stock price index will end December around 4200 is now too low.
US GDP does not show an immediate recession
Jay Bryson and Shannon Seeley of Wells Fargo expressed the view that although the United States has not fallen into recession, there is a possibility that it will fall by the end of the year. The gross domestic product (GDP) for the January-March fiscal year increased 1.3% in terms of an annualized rate compared to the previous fiscal year, and was revised upward from the 1.1% increase in the preliminary report. However, both sides stated that “the overall flow of the economy has hardly changed,” and “the data obtained for the January-March fiscal year is at a level below the trend, but it shows continued economic growth.”
Tokyo Stock Exchange Rate Forecast
Is the stock exchange rate forecast for the 26th = continued growth, or high-tech stock buybacks due to the strong NASDAQ and the depreciation of the yen
Key Market Events
Main market events on the 26th
Foreign substitutes
● [Tokyo Stock Exchange Rate Forecast Range] 37,700 yen - 31,100 yen
● Tesla and Ford partner for EV charging
● German and Dutch authorities, where Tesla is sluggish, scrutinize due to insufficient data including “autopilot”
● Intel's backwards depreciation and NVIDIA's good financial results raise concerns on the contrary
● President Biden presents a plan to freeze spending for 2 years - negotiations will be settled
● Wall Street reconsiders pessimistic US stock market outlook - anxiety about missing opportunities spreads
Market Overview
In the US stock market on the 25th, the NY Dow Jones Industrial Average fell to 32,764 dollars 65 cents, 35 dollars 27 cents lower than the previous business day. The Nasdaq Composite Stock Price Index was 12,698.094, up 213.932 points from the same period. Will the Tokyo stock market continue to grow on the 26th?
Top news
Tesla and Ford partner to charge EVs
Major US electric vehicle (EV) company $Tesla (TSLA.US)$Within the United States, rice $Ford Motor (F.US)$Tesla's quick charging facility “supercharger” network will be opened to customers. The chief executives (CEOs) of both companies made a joint announcement on the 25th. With this partnership, Ford customers will be able to use more than 12,000 “superchargers” from the beginning of 2024. Also, Ford will adopt Tesla's charging port.
Tesla is sluggish German and Dutch authorities scrutinize due to insufficient data including “autopilot”
Entering the end of NY time $Tesla (TSLA.US)$There is a movement where growth is sluggish. It was reported from the German and Dutch authorities that they are being scrutinized about the possibility that personal data, including the company's driver assistance product “Autopilot,” is inadequate. The German newspaper Handelsblat reported. The company's unidentified lawyer's statement that the person who turned from a former employee to a whistleblower may be the source of information is quoted.
On the contrary, concerns are growing due to Intel's good financial results with a retrograde depreciation and NVIDIA
Today $NVIDIA (NVDA.US)$Purchases have swelled across the board in response to the financial results of semiconductor-related stocks, $Intel (INTC.US)$Sales have intensified and it has become retrograde depreciation. There is growing concern at Intel that corporate data center budgets are shifting from central processing units, which are the company's strengths, to graphics processing devices that NVIDIA monopolizes. NVIDIA CEO Juan stated at the financial results briefing that “the computer industry is at the beginning of the reorganization of data centers around the world.”
Mr. Wood's flagship ETF relinquishes NVIDIA stock - before market capitalization increased by 78 trillion yen
Cathy Wood's flagship exchange-traded fund (ETF) is a US semiconductor manufacturer, $NVIDIA (NVDA.US)$I sold all of my shares in the first half of January. This was before the company and major high-tech stocks in the same industry skyrocketed due to the artificial intelligence (AI) boom.
US debt ceiling talks postponed after Memorial Day
The US House of Representatives went into recess to coincide with the weekend of War Dead Officers and Soldiers Day (Memorial Day, 29th) without an agreement on raising the US federal government's debt ceiling. The White House and the Republican Party leadership in the House of Representatives have been unable to easily agree on the scale of government spending, and this is the biggest hurdle to reaching a debt negotiation agreement.
President Biden says negotiations will be settled - presents a plan to freeze spending for 2 years
On the afternoon of the 25th, US President Biden expressed recognition that productive discussions were being held over the federal debt ceiling and spending, and negotiations would be concluded. President Biden stated at the White House that he presented a plan to freeze spending for 2 years.
Wall Street reconsiders pessimistic US stock market outlook - anxiety about missing opportunities spreads
Strategists and portfolio managers who anticipated that the US stock market would remain almost flat in 2023 are changing this view. This is because it has changed to anxiety about missing an opportunity if it rises. Andrew Slimmon, senior portfolio manager at Morgan Stanley Investment Management, believes that his recent view that the S&P 500 stock price index will end December around 4200 is now too low.
US GDP does not show an immediate recession
Jay Bryson and Shannon Seeley of Wells Fargo expressed the view that although the United States has not fallen into recession, there is a possibility that it will fall by the end of the year. The gross domestic product (GDP) for the January-March fiscal year increased 1.3% in terms of an annualized rate compared to the previous fiscal year, and was revised upward from the 1.1% increase in the preliminary report. However, both sides stated that “the overall flow of the economy has hardly changed,” and “the data obtained for the January-March fiscal year is at a level below the trend, but it shows continued economic growth.”
Tokyo Stock Exchange Rate Forecast
Is the stock exchange rate forecast for the 26th = continued growth, or high-tech stock buybacks due to the strong NASDAQ and the depreciation of the yen
Key Market Events
Main market events on the 26th
Foreign substitutes
Distribution source: Dow Jones, MINKABU, Bloomberg, Wells Advisors
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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