【Morning Report】FRB, additional 0.25 point rate cut, unanimously decided. Chairman Powell stated, even if requested by President Trump, he will not resign.
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Here are the key points of the morning report.
Tokyo stock market expected range: ¥9,300,000 to ¥9,800,000 on the 7th (closing price on the 7th was ¥9,381,041).
FRB unanimously decided to lower interest rates by 0.25 points.
Results of the U.S. presidential election have no immediate "impact on FRB policy," according to Chairman Powell.
Chairman Powell will not resign even if requested by President Trump.
Bank of England cuts policy interest rates by 25 basis points to 4.75%.
Rebound, vigilance against strengthened sanctions by the future Trump administration = NY crude oil overview.
Lyft Inc. significantly higher in response to earnings, with 'Price Lock' feature performing well.
Under Armour soars, profit increase for July-September quarter, full-year forecast revised upwards.
moomoo News Kei
Tokyo stock market expected range: ¥9,300,000 to ¥9,800,000 on the 7th (closing price on the 7th was ¥9,381,041).
FRB unanimously decided to lower interest rates by 0.25 points.
Results of the U.S. presidential election have no immediate "impact on FRB policy," according to Chairman Powell.
Chairman Powell will not resign even if requested by President Trump.
Bank of England cuts policy interest rates by 25 basis points to 4.75%.
Rebound, vigilance against strengthened sanctions by the future Trump administration = NY crude oil overview.
Lyft Inc. significantly higher in response to earnings, with 'Price Lock' feature performing well.
Under Armour soars, profit increase for July-September quarter, full-year forecast revised upwards.
moomoo News Kei
Market Overview
On the 7th, the US stock market was mixed. Upbeat corporate earnings fueled optimism towards the Trump administration, leading to continued rise in US stocks after the election. The outlook for the new administration's policies remains uncertain, but the possibilities of tax cuts and tariffs have fueled a risk appetite. Meanwhile, the Federal Reserve Board (FRB) reduced this rate cut from 50 basis points (bp) from the previous cut to 25bp as expected by the market, leaving room for further easing in the future.
On the 8th, the Tokyo stock market saw the Nikkei Stock Average continue to rise, likely extending gains to the upper half of the 0.03 million 9000 yen range.
On the 8th, the Tokyo stock market saw the Nikkei Stock Average continue to rise, likely extending gains to the upper half of the 0.03 million 9000 yen range.
Top News
The FRB decided to unanimously cut interest rates by an additional 0.25 points.
The Federal Reserve Board (FRB) decided to cut interest rates by 0.25 points at the Federal Open Market Committee (FOMC) meeting held until the 7th. Following the 0.5-point rate cut implemented in September, this decision lowers the federal funds (FF) rate target to 4.50-4.75%. This decision was in line with financial estimates.
The FRB decided to unanimously cut interest rates by an additional 0.25 points.
The Federal Reserve Board (FRB) decided to cut interest rates by 0.25 points at the Federal Open Market Committee (FOMC) meeting held until the 7th. Following the 0.5-point rate cut implemented in September, this decision lowers the federal funds (FF) rate target to 4.50-4.75%. This decision was in line with financial estimates.
No immediate 'impact' on FRB policy due to the outcome of the U.S. presidential election, according to Chairman Powell.
Jerome Powell, Chairman of the Federal Reserve Board (FRB), stated after the Federal Open Market Committee (FOMC) meeting on the 7th, regarding the confirmation of Donald Trump's re-election in the U.S. presidential election, that this would not 'immediately affect' the FRB's policy decisions.
Jerome Powell, Chairman of the Federal Reserve Board (FRB), stated after the Federal Open Market Committee (FOMC) meeting on the 7th, regarding the confirmation of Donald Trump's re-election in the U.S. presidential election, that this would not 'immediately affect' the FRB's policy decisions.
Chairman Powell will not resign even if requested by Mr. Trump.
Jerome Powell, Chairman of the Federal Reserve Board (FRB), spoke at a press conference after the closure of the Federal Open Market Committee (FOMC), stating that even if Donald Trump were to be inaugurated as president and asked to resign, he would not resign.
Jerome Powell, Chairman of the Federal Reserve Board (FRB), spoke at a press conference after the closure of the Federal Open Market Committee (FOMC), stating that even if Donald Trump were to be inaugurated as president and asked to resign, he would not resign.
The Bank of England lowered the policy interest rate by 25 basis points to 4.75%.
The Bank of England (central bank, BOE) announced on the 7th that it has lowered its policy interest rate by 25 basis points (bp) to 4.75%. This rate cut by the BOE is the second in three meetings.
The Bank of England (central bank, BOE) announced on the 7th that it has lowered its policy interest rate by 25 basis points (bp) to 4.75%. This rate cut by the BOE is the second in three meetings.
NY crude overview cautious about further sanctions by the upcoming Trump administration.
NY crude is rebounding. There is an awareness of the potential reimplementation of hostile policies towards Iran and Venezuela by former President Trump, who won the US presidential election. Although sanctions against Iran have diminished under the Biden administration, and sanctions against Venezuela have been relaxed, there are concerns about strengthened petroleum sanctions against both countries.
NY crude is rebounding. There is an awareness of the potential reimplementation of hostile policies towards Iran and Venezuela by former President Trump, who won the US presidential election. Although sanctions against Iran have diminished under the Biden administration, and sanctions against Venezuela have been relaxed, there are concerns about strengthened petroleum sanctions against both countries.
Lyft soared following earnings announcement, driven by strong performance of the 'Price Lock' feature.
The stock of ride-hailing service $Lyft Inc (LYFT.US)$Soared significantly. Lyft announced its Q3 earnings after the previous day's close, exceeding expectations in gross bookings and EBITDA.
The stock of ride-hailing service $Lyft Inc (LYFT.US)$Soared significantly. Lyft announced its Q3 earnings after the previous day's close, exceeding expectations in gross bookings and EBITDA.
Under Armour surges, reports profit increase for July-September period with upward revision of full-year outlook.
Major US sporting goods company $Under Armour-C (UA.US)$The financial results for the July-September quarter (2nd quarter) announced on the 7th showed an increase in profits, and the adjusted full-year profit forecast was revised upward. For the fiscal year ending March 2025, a loss per share of $0.48 to $0.51 is expected. This is a revision from the previous forecast of a loss of $0.53 to $0.56 per share.
【Other financial results】
・Ralph Lauren's stock soared following the financial results as the Chinese market performed well.
・Barrick Gold reported a significant increase in profits for the July-September quarter due to rising gold and copper prices.
Major US sporting goods company $Under Armour-C (UA.US)$The financial results for the July-September quarter (2nd quarter) announced on the 7th showed an increase in profits, and the adjusted full-year profit forecast was revised upward. For the fiscal year ending March 2025, a loss per share of $0.48 to $0.51 is expected. This is a revision from the previous forecast of a loss of $0.53 to $0.56 per share.
【Other financial results】
・Ralph Lauren's stock soared following the financial results as the Chinese market performed well.
・Barrick Gold reported a significant increase in profits for the July-September quarter due to rising gold and copper prices.
Foreign exchange
Key Market Events
Source: Dow Jones, MINKABU, Fisco, Bloomberg, Wealth Advisor, moomoo
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