[Morning Report] Risk On due to Chairman Powell's testimony, Tesla has an 11 consecutive rise in stock appreciation and yen sales dominance, and TSMC continues to rise with a drastic increase in sales
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Here are the key points of this morning's first report.
● [Tokyo Stock Exchange Rate Forecast Range] 0.04 million1900 yen - 0.04 million2500 yen (10-day closing price 0.04 million1831 yen 99 sen)
● Chairman Powell's risk-on, stock appreciation and yen sales advantage
● [Preview] US June CPI is expected to slow further, are interest rate cuts in September certain?
●US financial results season has arrived 24Q2 major US bank earnings forecast list!
● Taiwan TSMC surpasses expectations of a sharp 40% increase in sales for the April-6 fiscal year
● AMD agrees to acquire the repulsive Finnish Silo AI
● “Shares bought!” the day before Total Zalai — What are the expected stocks leading up to today? ―
-MOOMOO NEWS Amelia
● Chairman Powell's risk-on, stock appreciation and yen sales advantage
● [Preview] US June CPI is expected to slow further, are interest rate cuts in September certain?
●US financial results season has arrived 24Q2 major US bank earnings forecast list!
● Taiwan TSMC surpasses expectations of a sharp 40% increase in sales for the April-6 fiscal year
● AMD agrees to acquire the repulsive Finnish Silo AI
● “Shares bought!” the day before Total Zalai — What are the expected stocks leading up to today? ―
-MOOMOO NEWS Amelia
Market Overview
In the US stock market on the 10th, the NY Dow Jones Industrial Average rebounded for the first time in 3 days to 0.03 million9721 dollars 36 cents, which is 429 dollars 39 cents higher than the previous business day. The Nasdaq Composite Stock Price Index was 0.01 million8647.448, up 218.157 points from the same period. The inflow of investment funds accelerated in the Tokyo stock market on the 11th, centered on major stocks, and the Nikkei Stock Average raised the level drastically, and it seems that it will continue to grow for 3 days.
In the US stock market on the 10th, the NY Dow Jones Industrial Average rebounded for the first time in 3 days to 0.03 million9721 dollars 36 cents, which is 429 dollars 39 cents higher than the previous business day. The Nasdaq Composite Stock Price Index was 0.01 million8647.448, up 218.157 points from the same period. The inflow of investment funds accelerated in the Tokyo stock market on the 11th, centered on major stocks, and the Nikkei Stock Average raised the level drastically, and it seems that it will continue to grow for 3 days.
Top news
Chairman Powell's risk on, yen sales advantage due to stock appreciation
The Dow Jones Industrial Average rebounded drastically in the NY stock market on the 10th, and the NASDAQ also rose drastically. The S&P 500 index reached the 5600 point mark for the first time in history. The dollar and yen rose from 161 yen 43 yen to 161 yen 81 yen in the New York foreign exchange market on the 10th, and closed at 161 yen 71 yen.
FRB Chairman Powell's congressional testimony on the second day had almost the same content as the previous day's testimony. On the other hand, he talked about worrying late at night about what kind of decisions are most likely to achieve a soft landing. Assuming that we are in an important phase of falling inflation and a slowing down in the labor market, he said he wanted to make the right decision. According to the chairman's two-day testimony, the opinion prevails that the Fed is gradually strengthening their confidence even further over inflation, and there is a possibility that it has moved one step closer to an environment of interest rate cuts.
In the ADR market on the 10th, Japan Post ＜6178 ＞, Advantest ＜6857＞, DISCO ＜6146＞, Tokyo Elec ＜8035＞, Renesas ＜6723＞, Mitsubishi Corp. ＜8058＞, Hitachi, Ltd. ＜6501＞, etc. rose in comparison with the Tokyo Stock Exchange (equivalent to 161.57 yen per dollar), etc., rose almost across the board.
Chairman Powell's risk on, yen sales advantage due to stock appreciation
The Dow Jones Industrial Average rebounded drastically in the NY stock market on the 10th, and the NASDAQ also rose drastically. The S&P 500 index reached the 5600 point mark for the first time in history. The dollar and yen rose from 161 yen 43 yen to 161 yen 81 yen in the New York foreign exchange market on the 10th, and closed at 161 yen 71 yen.
FRB Chairman Powell's congressional testimony on the second day had almost the same content as the previous day's testimony. On the other hand, he talked about worrying late at night about what kind of decisions are most likely to achieve a soft landing. Assuming that we are in an important phase of falling inflation and a slowing down in the labor market, he said he wanted to make the right decision. According to the chairman's two-day testimony, the opinion prevails that the Fed is gradually strengthening their confidence even further over inflation, and there is a possibility that it has moved one step closer to an environment of interest rate cuts.
In the ADR market on the 10th, Japan Post ＜6178 ＞, Advantest ＜6857＞, DISCO ＜6146＞, Tokyo Elec ＜8035＞, Renesas ＜6723＞, Mitsubishi Corp. ＜8058＞, Hitachi, Ltd. ＜6501＞, etc. rose in comparison with the Tokyo Stock Exchange (equivalent to 161.57 yen per dollar), etc., rose almost across the board.
Furthermore, the chairman's testimony passed successfully, and the market's attention is shifting to the US Consumer Price Index (CPI) on the 11th and the Producer Price Index (PPI) on the 12th. These are expected to be an important litmus test for forecasting interest rate cuts.
[Preview] US June CPI, Further Slowdown Expected Are September Interest Rate Cuts Sure?
The Bureau of Labor Statistics is scheduled to announce the US June Consumer Price Index (CPI) at 21:30 (Japan time) on Thursday, July 11th. According to Goldman Sachs, the consumer price index (CPI) in June is expected to show signs of a further slowdown in inflation, and combined with the recent unexpected rise in the US unemployment rate, there is a possibility that expectations for interest rate cuts by the US Federal Reserve in September will be further raised.
[Preview] US June CPI, Further Slowdown Expected Are September Interest Rate Cuts Sure?
The Bureau of Labor Statistics is scheduled to announce the US June Consumer Price Index (CPI) at 21:30 (Japan time) on Thursday, July 11th. According to Goldman Sachs, the consumer price index (CPI) in June is expected to show signs of a further slowdown in inflation, and combined with the recent unexpected rise in the US unemployment rate, there is a possibility that expectations for interest rate cuts by the US Federal Reserve in September will be further raised.
US financial results season has arrived 24Q2 major US bank earnings forecast list!
On 7/12, when the financial results season begins, major US banks $JPMorgan (JPM.US)$、 $Wells Fargo & Co (WFC.US)$、 $Citigroup (C.US)$Financial results are scheduled to be announced, and investors will keep a close eye on their whereabouts in order to measure the soundness of the US economy.
Tesla rises 11 times in a row Analysts raise target stock prices
$Tesla (TSLA.US)$Buying has not stopped, and today it has risen 11 times in a row. The company's stock has risen 44% over the past 10 days, and the total market value has accumulated over 250 billion dollars. Today, analysts at a major US securities company raised their target stock price from 175 dollars to 248 dollars. However, the level is lower than the current level.
Taiwan TSMC surpasses expectations of a sharp 40% increase in sales for the April-6 fiscal year
The world's largest semiconductor contract manufacturer $Taiwan Semiconductor (TSM.US)$Sales for the fiscal year ending April-6 (2nd quarter) announced by (TSMC) on the 10th increased 40% above analysts' expectations against the backdrop of a rapid increase in demand for high-performance semiconductors required for artificial intelligence (AI) technology.
Related articles::Taiwan TSMC surpasses 1 trillion dollars in total market value at one time! Is there still 30% room for growth?!
On 7/12, when the financial results season begins, major US banks $JPMorgan (JPM.US)$、 $Wells Fargo & Co (WFC.US)$、 $Citigroup (C.US)$Financial results are scheduled to be announced, and investors will keep a close eye on their whereabouts in order to measure the soundness of the US economy.
Tesla rises 11 times in a row Analysts raise target stock prices
$Tesla (TSLA.US)$Buying has not stopped, and today it has risen 11 times in a row. The company's stock has risen 44% over the past 10 days, and the total market value has accumulated over 250 billion dollars. Today, analysts at a major US securities company raised their target stock price from 175 dollars to 248 dollars. However, the level is lower than the current level.
Taiwan TSMC surpasses expectations of a sharp 40% increase in sales for the April-6 fiscal year
The world's largest semiconductor contract manufacturer $Taiwan Semiconductor (TSM.US)$Sales for the fiscal year ending April-6 (2nd quarter) announced by (TSMC) on the 10th increased 40% above analysts' expectations against the backdrop of a rapid increase in demand for high-performance semiconductors required for artificial intelligence (AI) technology.
Related articles::Taiwan TSMC surpasses 1 trillion dollars in total market value at one time! Is there still 30% room for growth?!
AMD agrees to acquire the repulsive Finnish Silo AI
AMD is rebelling and is supporting the NASDAQ. Today, we saw a scene where it rose to the 187 dollar range at one point. The company agreed to acquire Silo AI in Finland for 665 million dollars in cash.
Related articles:US AMD agrees to acquire European silo AI for 107 billion yen
The day before, “Shares bought!” Total rough — what are the expected stocks leading up to today? ―
<2501><2379><6098><6146>ENECHANGE, <4169>SAPPORO HD, DIP, RECRUIT, DISCO, etc.
AMD is rebelling and is supporting the NASDAQ. Today, we saw a scene where it rose to the 187 dollar range at one point. The company agreed to acquire Silo AI in Finland for 665 million dollars in cash.
Related articles:US AMD agrees to acquire European silo AI for 107 billion yen
The day before, “Shares bought!” Total rough — what are the expected stocks leading up to today? ―
<2501><2379><6098><6146>ENECHANGE, <4169>SAPPORO HD, DIP, RECRUIT, DISCO, etc.
Tokyo Stock Exchange Rate Forecast
Stock market forecast for the 11th = continued rapid increase, US stocks are drastically high and the risk-on trend continues
Stock market forecast for the 11th = continued rapid increase, US stocks are drastically high and the risk-on trend continues
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Key Market Events
![[Morning Report] Risk On due to Chairman Powell's testimony, Tesla has an 11 consecutive rise in stock appreciation and yen sales dominance, and TSMC continues ...](https://sgsnsimg.moomoo.com/sns_client_feed/181250687/20240711/1720652644877-e83fd0fd00.png/big?area=105&is_public=true)
Distributor: Dow Jones, MINKABU, Welshadvisor, Fisco
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