US market outlook: solid even one year after the US GDP interest rate hike, the Dow average started higher at $38.67
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Market Overview
At the start of the US market, the Dow Jones Industrial Average, which consists of blue-chip stocks, started at $35558.79 at $38.67, and the Nasdaq Composite Stock Price Index, which has a high ratio of high-tech stocks, rose 191.88 points at 14319.16. The S&P 500 average, which consists of 500 stocks that are large US stocks, is 4598.26, a 31.51 point increase.
At the start of the US market, the Dow Jones Industrial Average, which consists of blue-chip stocks, started at $35558.79 at $38.67, and the Nasdaq Composite Stock Price Index, which has a high ratio of high-tech stocks, rose 191.88 points at 14319.16. The S&P 500 average, which consists of 500 stocks that are large US stocks, is 4598.26, a 31.51 point increase.
Top news
Is it solid even 1 year after the US GDP increased by 2.4% from April to June and interest rates were raised
The preliminary real gross domestic product (GDP, seasonally adjusted) value for the April-6 fiscal year announced by the U.S. Department of Commerce on the 27th was a 2.4% increase in terms of an annualized rate compared to the previous fiscal year. It exceeded the forecast of a 2.0% increase. A slowdown in the economy has been avoided even if one year has passed since interest rate hikes began.
Is it solid even 1 year after the US GDP increased by 2.4% from April to June and interest rates were raised
The preliminary real gross domestic product (GDP, seasonally adjusted) value for the April-6 fiscal year announced by the U.S. Department of Commerce on the 27th was a 2.4% increase in terms of an annualized rate compared to the previous fiscal year. It exceeded the forecast of a 2.0% increase. A slowdown in the economy has been avoided even if one year has passed since interest rate hikes began.
Additional interest rate hikes are a tailwind for dollar bearish groups, the FRB's stance that depends on data
It appears that there is room for further decline in the US dollar. The US monetary authorities, which decided to raise interest rates by 0.25 points on the 26th, said that further interest rate increases depended on data, and as the current tightening cycle was nearing the end, traders deepened their confidence. The financial authorities, led by Federal Reserve (FRB) Chairman Powell, emphasized that the next move depends on future economic data.
It appears that there is room for further decline in the US dollar. The US monetary authorities, which decided to raise interest rates by 0.25 points on the 26th, said that further interest rate increases depended on data, and as the current tightening cycle was nearing the end, traders deepened their confidence. The financial authorities, led by Federal Reserve (FRB) Chairman Powell, emphasized that the next move depends on future economic data.
Is the Fed a long way off defeating inflation and declaring victory
James McCann, the deputy chief economist of Aberdeen, has stated that although there are promising movements in recent price trends, it is still a long way before the US Federal Reserve (Fed) can declare victory in the fight against inflation.
James McCann, the deputy chief economist of Aberdeen, has stated that although there are promising movements in recent price trends, it is still a long way before the US Federal Reserve (Fed) can declare victory in the fight against inflation.
There is a possibility that 10-year US bond yields will drop 150 bps next year - Jupiter
The US Federal Reserve System will turn to interest rate cuts to support the decelerating US economy, and there is a possibility that 10-year US bond yields will drop by a maximum of 150 basis points (bp, 1 bp = 0.01%) by the end of next year. Jupiter Asset Management showed this point of view.
The US Federal Reserve System will turn to interest rate cuts to support the decelerating US economy, and there is a possibility that 10-year US bond yields will drop by a maximum of 150 basis points (bp, 1 bp = 0.01%) by the end of next year. Jupiter Asset Management showed this point of view.
Know more than anywhere else [MetaQ2 financial results summary]
The rice that runs Facebook $Meta Platforms(META.US$announced Q2 (April-6) financial results on the 26th. Demand for advertising rebounded, resulting in a significant increase in sales for the first time in over a year. In response to that result, Meta's stock price rose 7% overtime.
The rice that runs Facebook $Meta Platforms(META.US$announced Q2 (April-6) financial results on the 26th. Demand for advertising rebounded, resulting in a significant increase in sales for the first time in over a year. In response to that result, Meta's stock price rose 7% overtime.
moomoo news~ Zoe
Distribution source: Bloomberg, Nihon Keizai Shimbun, Dow Jones
Distribution source: Bloomberg, Nihon Keizai Shimbun, Dow Jones
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