【Morning report】Probability of rate cut in December rises to 83% AMD to reduce workforce by 4% to strengthen AI.
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Here is the key point of this morning report.
Tokyo stock market forecast range: ¥8,600,000 - ¥9,100,000 (closing price on the 13th is ¥8,721,66).
US CPI rose by 2.6% in October, in line with expectations.
Expectations for rate cuts in December are growing stronger.
AMD to reduce workforce by 4% to strengthen AI.
Home Depot sees impact of Trump tariffs on retail industry's earnings.
Amazon to counteract Temu and SHEIN with the new "Hole" for selling low-priced products.
Cisco's earnings call sees little movement in stock price after hours.
- Moomoo news: Julie
US CPI rose by 2.6% in October, in line with expectations.
Expectations for rate cuts in December are growing stronger.
AMD to reduce workforce by 4% to strengthen AI.
Home Depot sees impact of Trump tariffs on retail industry's earnings.
Amazon to counteract Temu and SHEIN with the new "Hole" for selling low-priced products.
Cisco's earnings call sees little movement in stock price after hours.
- Moomoo news: Julie
Market Overview
◇The U.S. market on the 13th was mixed. The major indices moved little around the previous day's closing prices, but the SOX index fell by 2%. The October CPI was as expected (2.6%), bringing a sense of relief, but with revived expectations for a rate cut, the yield on the 10-year Treasury bonds rose. The Trump trend also showed strong fluctuations. Bitcoin surpassed $0.09 million for the first time, but profit-taking was dominant in other Trump-related stocks.
◇The Tokyo stock market on the 14th saw buying across a wide range, including leading stocks, and the Nikkei average is expected to rebound. The previous day saw a sharp decline of over 600 yen in the afternoon, but today's movements are focusing on rebounds, with the possibility of targeting a recovery to the 90,000 yen level.
◇The Tokyo stock market on the 14th saw buying across a wide range, including leading stocks, and the Nikkei average is expected to rebound. The previous day saw a sharp decline of over 600 yen in the afternoon, but today's movements are focusing on rebounds, with the possibility of targeting a recovery to the 90,000 yen level.
Top News
US CPI rose by 2.6% year-on-year in October, matching expectations.
The Consumer Price Index (CPI, seasonally adjusted) for October, announced by the US Department of Labor on the 13th, rose by 2.6% compared to the same month last year. The growth rate accelerated from September's 2.4%, but matched market expectations.
US CPI rose by 2.6% year-on-year in October, matching expectations.
The Consumer Price Index (CPI, seasonally adjusted) for October, announced by the US Department of Labor on the 13th, rose by 2.6% compared to the same month last year. The growth rate accelerated from September's 2.4%, but matched market expectations.
Expectations of a rate cut in December are strengthening once again.
Following the CPI meeting market expectations in October, speculation of a rate cut in December is strengthening once again.
In the swap market, the probability of a 0.25% rate cut by the FOMC in December was expected to be 58.7% before the CPI announcement, but has risen to 82.5% after the announcement.
Following the CPI meeting market expectations in October, speculation of a rate cut in December is strengthening once again.
In the swap market, the probability of a 0.25% rate cut by the FOMC in December was expected to be 58.7% before the CPI announcement, but has risen to 82.5% after the announcement.
AMD to reduce workforce by 4% to strengthen focus on AI.
According to CRN, $Advanced Micro Devices (AMD.US)$ Will implement about 4% reduction in workforce. AMD's spokesperson stated to CRN, "As part of aligning our resources with the greatest growth opportunities, we have taken targeted measures that unfortunately will result in approximately 4% reduction in our global workforce."
BI analysts believe that personnel reduction is likely a reallocation of resources to focus on more growth-oriented areas, such as AI data center CPUs, GPUs, network products, etc. AMD is making efforts to narrow the gap with $NVIDIA (NVDA.US)$ and in the AI field.
According to CRN, $Advanced Micro Devices (AMD.US)$ Will implement about 4% reduction in workforce. AMD's spokesperson stated to CRN, "As part of aligning our resources with the greatest growth opportunities, we have taken targeted measures that unfortunately will result in approximately 4% reduction in our global workforce."
BI analysts believe that personnel reduction is likely a reallocation of resources to focus on more growth-oriented areas, such as AI data center CPUs, GPUs, network products, etc. AMD is making efforts to narrow the gap with $NVIDIA (NVDA.US)$ and in the AI field.
ホームデポ、トランプ関税が小売業の収益に影を落とす
● $Home Depot (HD.US)$ の経営陣は決算説明会で、関税をめぐって何が起きても「業界全体に影響を与える」と述べた。同社は商品の半分以上を国内または北米の他の地域から調達しているが、トランプ関税の「影響は確実にある」と認めた。同時に「当社のチームは以前にもこのような経験をしている」とし、「これまでと同様に、新たな関税も乗り切れると予想している」と述べた。
Regarding the residential renovation market, it is necessary to overcome the current macroeconomic uncertainty and interest rates that are squeezing the demand for housing renovations. However, the market will return to equilibrium, and renovations are expected to return to equilibrium as well. It is believed that it has not reached that point yet.
● $Home Depot (HD.US)$ の経営陣は決算説明会で、関税をめぐって何が起きても「業界全体に影響を与える」と述べた。同社は商品の半分以上を国内または北米の他の地域から調達しているが、トランプ関税の「影響は確実にある」と認めた。同時に「当社のチームは以前にもこのような経験をしている」とし、「これまでと同様に、新たな関税も乗り切れると予想している」と述べた。
Regarding the residential renovation market, it is necessary to overcome the current macroeconomic uncertainty and interest rates that are squeezing the demand for housing renovations. However, the market will return to equilibrium, and renovations are expected to return to equilibrium as well. It is believed that it has not reached that point yet.
アマゾン、低価格商品販売の「ホール」新設 TemuやSHEINに対抗
$Amazon (AMZN.US)$ は自社のアプリで、20ドル（約3080円）以下の商品に特化した新たなセクションを立ち上げた。低価格の中国ECプラットフォームのTemuやSHEINとの競争激化をかわす狙い。アマゾンはこの新サービス「アマゾンホール」を米国の一部顧客向けに13日に開始したと述べた。
$Amazon (AMZN.US)$ は自社のアプリで、20ドル（約3080円）以下の商品に特化した新たなセクションを立ち上げた。低価格の中国ECプラットフォームのTemuやSHEINとの競争激化をかわす狙い。アマゾンはこの新サービス「アマゾンホール」を米国の一部顧客向けに13日に開始したと述べた。
Cisco Systems reported earnings after hours with little movement in stock price.
$Cisco (CSCO.US)$ Following the closing, they announced their Q1 earnings (August-October) exceeding expectations in both earnings per share and revenue. They also provided guidance which surpassed expectations for the second quarter, and raised their outlook for the fiscal year 2025. This suggests increased spending by customer companies on computer infrastructure.
$Cisco (CSCO.US)$ Following the closing, they announced their Q1 earnings (August-October) exceeding expectations in both earnings per share and revenue. They also provided guidance which surpassed expectations for the second quarter, and raised their outlook for the fiscal year 2025. This suggests increased spending by customer companies on computer infrastructure.
ADR japan stock ranking - japan post and others overall inclined to buy
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Key Market Events
Source: Dow Jones, MINKABU, Bloomberg, Wealth Advisor, Fisco
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