Morning news: Mask involved in a sexual scandal? Apple momentarily regains top spot in market capitalization. FRB keeps interest rates steady, with one rate cut expected by the end of the year.
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The key points of this morning's first report are as follows.
●[Tokyo Stock Market Forecast Range] ¥880,000 to ¥930,000 (closing price on the 12th of ¥887,671)
●Federal Reserve Board Keeps Interest Rates Unchanged, Expected Rate Cut Once Within the Year
●[US Stocks] S&P 500 and Nasdaq Hit Record Highs, S&P 500 Enters 5400s for the First Time
●Apple Temporarily Regains Top Spot in Market Cap, Surpassing Microsoft
●Broadcom Soars 12% After Earnings Announcement After Hours, Announces Stock Split, 1 Share into 10 Shares
●Elon Musk, Crossing the Line with Female Employees at SpaceX - WSJ
- Moomoo News Mark
●[Tokyo Stock Market Forecast Range] ¥880,000 to ¥930,000 (closing price on the 12th of ¥887,671)
●Federal Reserve Board Keeps Interest Rates Unchanged, Expected Rate Cut Once Within the Year
●[US Stocks] S&P 500 and Nasdaq Hit Record Highs, S&P 500 Enters 5400s for the First Time
●Apple Temporarily Regains Top Spot in Market Cap, Surpassing Microsoft
●Broadcom Soars 12% After Earnings Announcement After Hours, Announces Stock Split, 1 Share into 10 Shares
●Elon Musk, Crossing the Line with Female Employees at SpaceX - WSJ
- Moomoo News Mark
Market Overview
In the U.S. stock market on the 12th, the NY Dow Jones Industrial Average fell slightly by $35.21 to 0.03 million8712. The Nasdaq Composite Index was up by 264.890 points to 0.01 million7608.436. On the 13th, the Tokyo stock market saw predominantly buying across a wide range of leading stocks, and the Nikkei Stock Average is likely to rebound. It is expected to recover the key 0.03 million9000 yen level today, which is the line of defense.
In the U.S. stock market on the 12th, the NY Dow Jones Industrial Average fell slightly by $35.21 to 0.03 million8712. The Nasdaq Composite Index was up by 264.890 points to 0.01 million7608.436. On the 13th, the Tokyo stock market saw predominantly buying across a wide range of leading stocks, and the Nikkei Stock Average is likely to rebound. It is expected to recover the key 0.03 million9000 yen level today, which is the line of defense.
Top News
The Federal Reserve, FRB, kept interest rates unchanged and the expectation for interest rate cuts within the year is only once.
The Federal Reserve Board (FRB) decided at the Federal Open Market Committee (FOMC) meeting held until the 12th to maintain the target range for the federal funds (FF) rate at a high level of 5.25% to 5.50%, the highest level in about 20 years. According to the interest rate outlook released after the FOMC, most officials are incorporating one interest rate cut within the year.
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FRB, additional rate hikes are not the baseline scenario, according to Chairman Powell.
Powell, FRB Chairman Points
The Federal Reserve, FRB, kept interest rates unchanged and the expectation for interest rate cuts within the year is only once.
The Federal Reserve Board (FRB) decided at the Federal Open Market Committee (FOMC) meeting held until the 12th to maintain the target range for the federal funds (FF) rate at a high level of 5.25% to 5.50%, the highest level in about 20 years. According to the interest rate outlook released after the FOMC, most officials are incorporating one interest rate cut within the year.
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FRB, additional rate hikes are not the baseline scenario, according to Chairman Powell.
Powell, FRB Chairman Points
[U.S. Stocks] Mixed, S&P 500 and Nasdaq Hit Record Highs Following U.S. CPI Release
On the 12th, the US stock market was mixed. The Dow Jones Industrial Average slightly declined. The S&P 500 and the Nasdaq Composite Index continued to rise for the 3rd day, hitting new highs. The S&P 500 index closed at 5421.03, up 45.71 points (0.85%) to reach the 5400 level for the first time.
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The dollar-yen fell to the 155 yen level temporarily due to the US CPI and FOMC, but later rebounded to the mid-156 yen level = NY Forex Summary.
On the 12th, the US stock market was mixed. The Dow Jones Industrial Average slightly declined. The S&P 500 and the Nasdaq Composite Index continued to rise for the 3rd day, hitting new highs. The S&P 500 index closed at 5421.03, up 45.71 points (0.85%) to reach the 5400 level for the first time.
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The dollar-yen fell to the 155 yen level temporarily due to the US CPI and FOMC, but later rebounded to the mid-156 yen level = NY Forex Summary.
Apple regains the top spot in the US in terms of market capitalization, surpassing Microsoft.
In the US stock market on the morning of the 12th. $Apple (AAPL.US)$rose by over 3%, temporarily surpassing in terms of market capitalization, returning to the top of US companies. Overtaking Microsoft since January. However, Microsoft has surpassed again based on closing prices. $Microsoft (MSFT.US)$has risen over 3% and temporarily overtaken in market capitalization, reclaiming the top spot among US companies. Surpassing Microsoft for the first time since January. However, Microsoft has overtaken again based on closing prices.
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Will selling Nvidia and buying Apple only last for one day? Check the performance outlook and upside potential of the two major giants!
Apple up 7%! Will the next step lead to becoming the world's largest by market capitalization?
In the US stock market on the morning of the 12th. $Apple (AAPL.US)$rose by over 3%, temporarily surpassing in terms of market capitalization, returning to the top of US companies. Overtaking Microsoft since January. However, Microsoft has surpassed again based on closing prices. $Microsoft (MSFT.US)$has risen over 3% and temporarily overtaken in market capitalization, reclaiming the top spot among US companies. Surpassing Microsoft for the first time since January. However, Microsoft has overtaken again based on closing prices.
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Will selling Nvidia and buying Apple only last for one day? Check the performance outlook and upside potential of the two major giants!
Apple up 7%! Will the next step lead to becoming the world's largest by market capitalization?
半導体の $Broadcom (AVGO.US)$After-hours soared. Following the close, the results for the second quarter ending in April were announced, exceeding expectations for earnings per share and revenue. Despite strong demand for AI products, AI-related revenue reached 3.1 billion dollars. Guidance was disclosed, indicating higher-than-expected full-year revenue outlook. Additionally, a stock split of 1 share for 10 shares was announced on July 15.
Mr. Musk crosses the line with a female employee of SpaceX.
Elon Musk, an American entrepreneur, was found to have personally contacted a former engineering intern at SpaceX in 2017 to discuss a role as an executive staff member. The woman, who was a student intern years earlier, had presented ideas to improve SpaceX.
Elon Musk, an American entrepreneur, was found to have personally contacted a former engineering intern at SpaceX in 2017 to discuss a role as an executive staff member. The woman, who was a student intern years earlier, had presented ideas to improve SpaceX.
Amazon to invest billions of dollars in Taiwan for cloud infrastructure development.
USA $Amazon (AMZN.US)$Plans to invest billions of U.S. dollars in Taiwan over the next 15 years to build datacenters. This is a new case of global high-tech companies strengthening their foothold in Asia to meet the growing demand for cloud services.
USA $Amazon (AMZN.US)$Plans to invest billions of U.S. dollars in Taiwan over the next 15 years to build datacenters. This is a new case of global high-tech companies strengthening their foothold in Asia to meet the growing demand for cloud services.
Oracle's stock surged after its earnings report, boosted by strong performance in cloud infrastructure and the announcement of multiple partnerships including with Google.
$Oracle (ORCL.US)$Oracle's stock price soared. The company announced its Q3 earnings (Q4 quarter) after the previous day's close, with the cloud infrastructure division expanding by 43% and receiving positive reception. Although the division's contribution to overall revenue is still small, the market is keeping an eye on this segment as a major bet on the company's future growth.
$Oracle (ORCL.US)$Oracle's stock price soared. The company announced its Q3 earnings (Q4 quarter) after the previous day's close, with the cloud infrastructure division expanding by 43% and receiving positive reception. Although the division's contribution to overall revenue is still small, the market is keeping an eye on this segment as a major bet on the company's future growth.
Nike loses trademark lawsuit to Puma in the EU.
The General Court of the European Union ruled against the American sporting goods giant $Nike (NKE.US)$Nike's trademark registration application was effectively rejected. Nike had applied for a trademark registration for "footware" representing high-tech related products, but German competitor Puma had raised objections to this. The EU supported Puma's claim and ordered Nike to pay legal costs to Puma.
The General Court of the European Union ruled against the American sporting goods giant $Nike (NKE.US)$Nike's trademark registration application was effectively rejected. Nike had applied for a trademark registration for "footware" representing high-tech related products, but German competitor Puma had raised objections to this. The EU supported Puma's claim and ordered Nike to pay legal costs to Puma.
The global petroleum market is expected to face a significant supply surplus by the end of the 2020s, according to the IEA monthly report.
The International Energy Agency (IEA) revealed in a report released on the 12th that there is a forecast that the global oil supply and demand will significantly exceed by the end of the 2020s. With demand growth slowing down while supply expands significantly, surplus production capacity is expected to reach levels similar to those observed in the early stages of the COVID-19 pandemic.
The International Energy Agency (IEA) revealed in a report released on the 12th that there is a forecast that the global oil supply and demand will significantly exceed by the end of the 2020s. With demand growth slowing down while supply expands significantly, surplus production capacity is expected to reach levels similar to those observed in the early stages of the COVID-19 pandemic.
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Key Market Events
Source: Dow Jones, MINKABU, Wealth Advisor, Fisco
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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