Morning Report: Can the negative surprise of Prime Minister Ishiba be absorbed, with the dollar around 142 yen mid-range? Mr. Ishiba shifts to a cautious stance on early rate hikes?
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The key points of this morning's first report are as follows.
●[Tokyo Stock Price Forecast Range] ¥0.73-¥0.80 million (Closing price on the 27th: ¥0.98 million 829 yen 56 sen)
●Dollar-Yen sharply declines to the 142 yen range in the first half, with no buybacks due to the sharp drop in Chicago Nikkei futures
●Mr. Ishiba shows a cautious stance on the BOJ's early additional rate hikes in response to the sharp appreciation of the yen at the end of last week
●Will the 'Takai Trade' lead to a stronger yen and a decline in stocks? Here are 3 selected high-dividend concept funds from Japan and the United States that you can rely on!
●Apple cancels investment negotiations with OpenAI
●Arm approaches Intel for the acquisition of its product division, but Intel refuses
- Moomoo News Mark
●[Tokyo Stock Price Forecast Range] ¥0.73-¥0.80 million (Closing price on the 27th: ¥0.98 million 829 yen 56 sen)
●Dollar-Yen sharply declines to the 142 yen range in the first half, with no buybacks due to the sharp drop in Chicago Nikkei futures
●Mr. Ishiba shows a cautious stance on the BOJ's early additional rate hikes in response to the sharp appreciation of the yen at the end of last week
●Will the 'Takai Trade' lead to a stronger yen and a decline in stocks? Here are 3 selected high-dividend concept funds from Japan and the United States that you can rely on!
●Apple cancels investment negotiations with OpenAI
●Arm approaches Intel for the acquisition of its product division, but Intel refuses
- Moomoo News Mark
Market Overview
On the 27th, the U.S. stock market was mixed. The continuation of inflation easing was proven by the August PCE price index, leading to an increase after the opening. The substantial rate cut speculation supported the faster-than-expected easing pace, leading to further gains. The Dow Jones Industrial Average rebounded. The University of Michigan's consumer sentiment index also exceeded expectations and reached a new high. Concerns about the deteriorating situation in the Middle East caused a slowdown towards the end, but the market still hit a record high. Although it rose as high as $453 at one point, it struggled to grow in the second half. The Nasdaq was affected by the decline in semiconductors and turned downwards, ending the market with mixed results. $NVIDIA (NVDA.US)$In terms of sectors, automobiles, auto parts, and energy rose, while semiconductors and related equipment declined.
On the 30th, the Tokyo stock market is inevitably expected to see a significant shift towards selling major stocks. The Nikkei Average is expected to plummet significantly and fall below the 30,000 yen range, possibly even dropping below the 28,000 yen range, presenting a tumultuous outlook.
On the 30th, the Tokyo stock market is inevitably expected to see a significant shift towards selling major stocks. The Nikkei Average is expected to plummet significantly and fall below the 30,000 yen range, possibly even dropping below the 28,000 yen range, presenting a tumultuous outlook.
Top news of individual stocks
The dollar-yen pair plunged to the mid-142 yen range due to the sharp drop in Chicago Nikkei Average futures, with no signs of buying back reflected in the NY currency market overview.
● The dollar-yen rate plummeted in the NY forex market on the 27th. Although the dollar-yen pair had recovered to the 146 yen level during Tokyo hours, two events caused a sharp drop to the mid-142 yen range today.
● One reason was the sudden strengthening of the yen due to Mr. Ishiba being elected as the new leader in the Liberal Democratic Party presidential election.
● The second reason was the August PCE deflator, the key inflation indicator mainly referenced by the Federal Reserve. The core index fell below expectations with a month-on-month comparison of 0.1%.
Amid a sharp drop of over 2,000 yen in the Chicago Nikkei Average Futures compared to the closing price of the Osaka Securities Exchange, with no buying back in the Dollar-Yen, the price is seen hovering around the mid-142 yen level, raising concerns about the outlook for the start of the week.
The dollar-yen pair plunged to the mid-142 yen range due to the sharp drop in Chicago Nikkei Average futures, with no signs of buying back reflected in the NY currency market overview.
● The dollar-yen rate plummeted in the NY forex market on the 27th. Although the dollar-yen pair had recovered to the 146 yen level during Tokyo hours, two events caused a sharp drop to the mid-142 yen range today.
● One reason was the sudden strengthening of the yen due to Mr. Ishiba being elected as the new leader in the Liberal Democratic Party presidential election.
● The second reason was the August PCE deflator, the key inflation indicator mainly referenced by the Federal Reserve. The core index fell below expectations with a month-on-month comparison of 0.1%.
Amid a sharp drop of over 2,000 yen in the Chicago Nikkei Average Futures compared to the closing price of the Osaka Securities Exchange, with no buying back in the Dollar-Yen, the price is seen hovering around the mid-142 yen level, raising concerns about the outlook for the start of the week.
Mr. Ishiba shows a cautious stance towards early additional rate hikes by the Bank of Japan, in response to the sudden rise in the yen over the weekend.
The newly elected President of the Liberal Democratic Party, Mr. Ishiba, who appeared on a television program last weekend,In a situation where it cannot be asserted that Japan has escaped deflation, the government should not say this and that about monetary policy. One should not mention interest rates, etc. The current direction of monetary easing must be maintained.In terms of the number of units sold in the United States, China, and Japan during the April to June period,
"Koca Trade" Rolls Back to Yen Strength and Stock Weakness? Three Selected "High Dividend Concept" Funds You Can Rely on in Japan and the United States! [Investment Trust Special Feature]
There is a growing caution towards unwinding the 'Takamichi Trade' which anticipates a weaker yen and higher stocks. In the LDP presidential election on the 27th, Mr. Shiba, who is expected to support the BOJ"s normalization of monetary policy, was elected as the new President. It is anticipated that the high volatility in the stock market will continue, making it easier to buy U.S. equity funds that are likely to fall in early August and Japanese equity funds less impacted by exchange rate movements.
The newly elected President of the Liberal Democratic Party, Mr. Ishiba, who appeared on a television program last weekend,In a situation where it cannot be asserted that Japan has escaped deflation, the government should not say this and that about monetary policy. One should not mention interest rates, etc. The current direction of monetary easing must be maintained.In terms of the number of units sold in the United States, China, and Japan during the April to June period,
"Koca Trade" Rolls Back to Yen Strength and Stock Weakness? Three Selected "High Dividend Concept" Funds You Can Rely on in Japan and the United States! [Investment Trust Special Feature]
There is a growing caution towards unwinding the 'Takamichi Trade' which anticipates a weaker yen and higher stocks. In the LDP presidential election on the 27th, Mr. Shiba, who is expected to support the BOJ"s normalization of monetary policy, was elected as the new President. It is anticipated that the high volatility in the stock market will continue, making it easier to buy U.S. equity funds that are likely to fall in early August and Japanese equity funds less impacted by exchange rate movements.
Apple has terminated investment participation negotiations with OpenAI.
USA $Apple (AAPL.US)$は、最大6.5 billionドル（約924 billion円）が見込まれるオープンAIの資金調達ラウンドへの参加交渉を打ち切った。実現すればアップルによる他のシリコンバレー大手企業へのまれな投資となっていたところだが、その可能性は土壇場で消えた。
USA $Apple (AAPL.US)$は、最大6.5 billionドル（約924 billion円）が見込まれるオープンAIの資金調達ラウンドへの参加交渉を打ち切った。実現すればアップルによる他のシリコンバレー大手企業へのまれな投資となっていたところだが、その可能性は土壇場で消えた。
Arm approaches intel with a bid for the product division Intel declines = US individual stocks
$Arm Holdings (ARM.US)$が業績不振の $Intel (INTC.US)$に対しプロダクト部門の買収を打診したが、インテル側から売却対象ではないとして拒否されていたことが明らかとなった。ブルームバーグが関係者の話として伝えた。アームはインテルの工場運営には関心を示さなかった。
$Arm Holdings (ARM.US)$が業績不振の $Intel (INTC.US)$に対しプロダクト部門の買収を打診したが、インテル側から売却対象ではないとして拒否されていたことが明らかとなった。ブルームバーグが関係者の話として伝えた。アームはインテルの工場運営には関心を示さなかった。
大量のエネルギーが必要なAIデータセンターの建設ラッシュを受け、テック業界は気候変動を巡る約束をほごにする一方、電力企業と協力して新たなクリーンエネルギー源の開発を加速させている。米ネバダ州では、 $Alphabet-A (GOOGL.US)$が公益企業と手を組み、地熱エネルギーによる電力を購入する取り組みを進める。ノースカロライナ、サウスカロライナ両州では、グーグルや $Amazon (AMZN.US)$、 $Microsoft (MSFT.US)$It has signed a contract with the major power company Duke Energy to cooperate and accelerate the development of technologies such as small nuclear reactors.
China instructs domestic companies not to use AI semiconductors produced by Nvidia = U.S. stock specific news
The Chinese government $NVIDIA (NVDA.US)$It has been reported that the Chinese government has instructed domestic companies not to use AI semiconductors produced by Nvidia.
The Chinese government $NVIDIA (NVDA.US)$It has been reported that the Chinese government has instructed domestic companies not to use AI semiconductors produced by Nvidia.
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Source: Dow Jones, MINKABU, Wealth Advisor, Fisco
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neko_jennu : At this point, even if Ishiba tries to put out the fire, he probably won't be trusted by the market.
卓也600 : Politicians who do not consider the future of the country and only think about their own pockets are seen as fourth-rate countries by overseas investors, as they can only make decisions to sell.
卓也600 : The responsibility for this drop, akin to an economic shock, should be borne by the LDP's clan members and the Ministry of Finance.