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[Morning Report] Car strike support that Mr. Biden is struggling with, and the “labor ticket” dollar and yen are in the latter half of the 148 yen range compared to the conversion to EVs, in the high price range since October last year

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moomooニュース米国株 wrote a column · Sep 25, 2023 18:09
[Morning Report] Car strike support that Mr. Biden is struggling with, and the “labor ticket” dollar and yen are in the latter half of the 148 yen range compare...
Good morning to all Moomoo users!Here are the key points of this morning's first report.
● [Tokyo Stock Exchange Rate Forecast Range] 32,500 yen - 32,800 yen (25th closing price 32,678 yen 62 sen)
● Mr. Biden's “labor ticket” rather than turning bitter car strike support into EVs
● The dollar and yen are in the latter half of the 148 yen range, in the high price zone since October last year due to the Japan-US monetary policy gap
● Government shutdown reflected “negatively” in US credit ratings - Moody's
● China's real estate stocks plummet, total market value of over 8 trillion yen disappeared this year - Evergrande depreciates 22%
●Prime Minister Kishida's “virtuous cycle through wage increases and investment” support for domestic production of semiconductors
● Nissan announces sales of new European cars to EVs in 2030
● SoftBank's corporate bond-type shares listed in November at 4000 yen per share
-MooMoo News Kathy 
Market Overview
In the US stock market on the 25th, the NY Dow Jones Industrial Average rebounded for the first time in 5 days to 30,4006 dollars 88 cents, 43 dollars 04 cents higher than the previous business day. The Nasdaq Composite Stock Price Index was 13271.320, up 59.513 points from the same period. The Tokyo stock market on the 26th was in a position where it was difficult to see a sense of direction amid the exchange of sales and purchases, and the Nikkei Stock Average was going back and forth with the previous day's closing price in between.
Top news
Mr. Biden says “labor ticket” rather than turning bitter car strike support into EVs
Labor-management negotiations between major US automobile companies have spilled over into the next presidential election. US President Biden will visit Midwest Michigan on the 26th to express support for the American Auto Workers Union (UAW) strike. Support for a strike by the incumbent president is unusual.
The dollar and yen are in the latter half of the 148 yen range, in the high price zone since October last year due to the Japan-US monetary policy gap
The dollar/yen exchange rate of the Tokyo Foreign Exchange Market on the morning of the 26th remained in the latter half of the $1 = 148 yen range, near the high price since October last year when set overseas time. Long-term interest rates in the US are at a high level for the first time in 16 years, and there is strong pressure to sell yen and buy dollars, which is conscious of the Japan-US monetary policy gap.
Government shutdown reflected “negatively” in US credit ratings - Moody's
Moody's Investors Service pointed out that if US government agencies are closed, it will be negatively reflected in US credit ratings.
China's real estate stocks plummet, total market value of over 8 trillion yen disappeared this year - Evergrande depreciates 22%
China's real estate stock index plummeted on the 25th. The rate of decline was the first time in 9 months. A major real estate development company, $EVERGRANDE(03333.HK)$Concerns surrounding liquidation risks spread, and the plight of the same industry was once again shown.
Prime Minister Kishida's “virtuous cycle with wage increases and investment” support for domestic production of semiconductors
Prime Minister Fumio Kishida officially announced on the 25th that he would establish a tax reduction system to promote domestic investment in important goods such as semiconductors with economic measures to be compiled in October.
Nissan's CEO announces sales of new European cars to EVs in 2030
$Nissan Motor(7201.JP)$President and Chief Executive Officer (CEO) Makoto Uchida announced on the 25th that all new car sales in Europe will be electric vehicles (EVs) in 2030. The policy is that in principle only EVs will be the new models to be introduced in the future.
SoftBank's corporate bond-type shares were listed in November at 4000 yen per share
$SoftBank Group(9984.JP)$(SBG) domestic telecommunications company, $SoftBank(9434.JP)$It was announced on the 25th that corporate bond-type shares without voting rights and conversion rights to common stock will be listed on the Tokyo Stock Exchange Prime Market on 11/2. The issue price is 4,000 yen per share, and a maximum of 120 billion yen will be raised.
Foreign substitutes
Distribution source: Dow Jones, MINKABU, Bloomberg, Weiss Advisor, Nihon Keizai Shimbun
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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