News of individual stocks that you should read before starting work this morning:
A new rotation
In the US stock market, one rotation ended with a significant decline last week, and a new rotation began.RotationIndeed, while high-tech stocks and consumer discretionary stocks took a hit, the utilities and real estate sectors were the best performing sectors in the S&P 500 last week.
These stocks, which offer high dividends, are preferred by investors in a situation where government bond yields are declining. Eric Diton, President and Managing Director of Wealth Alliance, said, "What you should buy are high-dividend stocks." The current market has become a difficult game for traders because risk assets have excessively anticipated a rate cut.
Even after a two-day sharp drop last week, the stock market is still more than 30% higher than its level at the end of October last year. It is clear that there is still excessive enthusiasm in stock prices, which could be released at some point.
Almost halved
As part of the large-scale stock sell-off in the second quarter, the investment and insurance company Berkshire Hathaway, led by renowned investor Warren Buffett, has reduced its holdings of Apple shares by nearly 50%.As a result, Buffett's cash holdings have increased to a record high of $276.9 billion (about ¥40.57 trillion).During the second quarter, Berkshire sold a total of $75.5 billion worth of stocks. Edward Jones' Jim Shanahan pointed out that this could be seen as a new sell signal.
Is it to avoid sanctions?
Satellite photos have revealed that a large ship is docking at the Arctic LNG 2 liquefied natural gas (LNG) export plant in the Arctic Circle.
It is believed that they are trying to export LNG in order to escape US sanctions.
Russia's independent natural gas company, Novatek, which leads the same plant, has not commented on the docking of large ships and their images, nor has it confirmed that LNG is being exported. Satellite images also capture flames in neighboring facilities, indicating the possibility of flaring to dispose of excess gas.
Toward promoting consumer spending.
The Chinese governmentannounced priority measuresto promote individual consumption.
Weak domestic demand continues to weigh on the country's economy.
According to a statement posted on the central government's website, the State Council has designated 20 important steps, including exploring the possibility of expanding basic consumption in areas such as catering, housekeeping services, and elderly care, and considering promoting new types of consumption. The authorities are also considering supporting the development of unmanned retail stores and self-pickup lockers, as well as the growth of e-sports and live streaming e-commerce.
Extreme right-wing riots.
Protests by far-right extremists in England and Northern Ireland.The protests escalated into riots.More than 100 people were detained.
In the unrest that took place in Blackpool and Bristol on the 3rd, the police were attacked and injured.
The chaos continued on the 4th, with the police being attacked in Roselam in northern England and the hotel also being affected. Tensions have been rising in the UK since the incident on July 29, in which three girls were fatally stabbed at a dance party held in Southport.
After the incident, some right-wing accounts with influence on social media platform X spread false information that the culprit was an asylum seeker or refugee. This false information fueled protests by far-right extremists.
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