Daily Analysis 10/11 - AMD announces new chip but stock prices fall? How will the Federal Reserve Board interpret the higher-than-expected CPI results?
☆Economic Indicators
Japan
米国
Bitcoin (EFT Flow)
☆Remarks by officials
7:21 AM on the 10thDaily President of the San Francisco Federal Reserve Bank of the United States
"The labor market is shifting to a sustainable pace" "Do not want further deceleration in the labor market"
"I am strongly convinced that the inflation rate is on track to reach the 2% target" "There is a high possibility of implementing 1 or 2 rate cuts by the end of the year"
4:42 PM on the 10th- I heard that the impact of the strong yen on small and medium-sized enterprises is generally positive.
"The Japanese economy has begun to move again. Japan's financial policy is also starting to move". "Japan's financial policy is normalizing".
"Future financial policy depends on the development of prices and financial conditions". "There are multiple real interest rates, all of which are negative".
"Clearly, real interest rates are at a considerably low level". "It is necessary to look at the overall picture of the data at each decision-making meeting". "Information on next year's wage trends is important".
10th 23:33Guo Zhi, President of the Chicago Federal Reserve
"Inflation is as expected, the housing market is improving". "The FRB needs to take a longer-term view".
10th 23:39Barkin, President of the Federal Reserve Bank of Richmond
"Inflation is heading in the right direction" "Inflation is declining but cannot declare victory" "Recognize the risk of lower interest rates pushing up housing demand"
11th, 00:23John Williams, President of the New York Federal Reserve
"The economy is expected to allow further rate cuts by the Federal Reserve" "The inflation rate is expected to fall to 2.25% this year, and to nearly 2% next year"
"GDP for this year is expected to be between 2.25% and 2.50%" "Due to recent rate cuts by the Federal Reserve, the economy is expected to be in good shape"
"The pace and size of future rate cuts will depend on economic data" "The unemployment rate is expected to be around 4.25% in 2025"
11th, 01:54Bostic, President of the Federal Reserve Bank of Atlanta
"The previous stance on interest rates was no longer appropriate". "The 0.50% rate cut in September was fully justified". "Based on the latest inflation and labor market data, the Federal Reserve can become more patient". "There is a possibility of showing the rationale for cutting interest rates at any or all of the remaining meetings". "Regarding the interest rate hold in November, I am definitely open".
"Monthly economic data is expected to become unstable". "There is absolutely no problem skipping rate cuts this year".
☆その他
Common
UN: Gaza temporary ceasefire, Second dose of polio vaccine for children = UNICEF
Catherine Russell, Executive Director of UNICEF, revealed on the 10th that a temporary ceasefire had been agreed in the Gaza Strip of the Palestinian Territories to administer a second dose of polio vaccine to 590,000 children under 10 years old.
Japan
7-Eleven Holdings stock significantly drops, disappointment over non-convenience store business separation plan - downward revision of performance.
Seven & i Holdings (HD) stock continued to decline in trading on the 11th, temporarily falling by 4.6% to 2,218 yen compared to the previous day, marking the largest intraday decline since August 20th. The downward revision of the full-year performance forecast weighed heavily, along with the disappointment from the market regarding the announced separation plan for non-core businesses, focused on the establishment of an intermediate holding company, outside of the convenience store sector, following the acquisition proposal from overseas competitors. The operating profit forecast for this fiscal year, announced by 7-Eleven Holdings on the 10th, was reduced by 142 billion yen from the previous plan to 403 billion yen. The underperformance of the convenience store business resulted in a decrease of about 25% from the previous period's actual results. This figure is significantly below the average forecast of 524 billion yen by 15 analysts surveyed by Bloomberg.
米国
AMD announces a new AI chip, but does not provide the information investors are seeking, leading to a sharp drop in stock.
On the 10th, Advanced Micro Devices (AMD) unveiled a new artificial intelligence (AI) chip at an event in San Francisco. However, without providing the anticipated information regarding customers and performance outlook, the stock price experienced a significant decline, marking the largest drop in about a month.
Bitcoin
Mt. Gox extends redemption deadline until the end of October 25, 2025, possibly easing selling pressure on Bitcoin.
Cryptocurrency exchange Mt. Gox, which went bankrupt in 2014, announced on the 10th that it will change the repayment deadline from October 31, 2024, Japan time to October 31, 2025. While Mt. Gox's repayment could lead to selling pressure on Bitcoin (BTC) and Bitcoin Cash (BCH), there are voices suggesting that the short-term concerns about investor selling pressure have eased with this deadline extension.
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ぴるさん OP : Announcements of individual stocks
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Regarding today's bitcoin and SOXL daily analysis, I will take a break
I'm sorry.
codeOZ(家長) : Being too honest about providing free information.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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