[Morning Report] Dollar to yen rises again to 160 yen level, yen sales accelerate Micron, stock prices fall outside of settlement time

moomooニュース米国株 wrote a column · Jun 26 18:07

[Morning Report] Dollar to yen rises again to 160 yen level, yen sales accelerate Micron, stock prices fall outside of settlement time

Good morning to all moomoo users!Here are the key points of this morning's first report.
● [Tokyo Stock Exchange Rate Forecast Range] 39,400 yen - 39,800 yen (26th closing price 39,667 yen 07 sen)
● US interest rates rise, dollar purchases continue, and yen sales accelerate as the 160 yen level resurfaces
● Micron falls outside of financial results receipt time The sales forecast for the fourth quarter is slightly unsatisfactory
● Amazon is the 5th US company with a market capitalization exceeding 2 trillion dollars for the first time
●Fed stress test, all banks “can withstand a serious recession”
● US new home sales fall short of expectations for the first time in six months at a low level in May
● [Long-term interest rates exceed 1%] There is room for growth in 3 stocks such as Mitsubishi UFJ due to expectations of an increase in bank profits! Check out a list of profit growth estimates for major banks
— MooMoo News Kathy　　

Market Overview
In the US stock market on the 26th, the NY Dow Jones Industrial Average showed a slight rebound of 39,127 dollars 80 cents, 15.64 dollars higher than the previous business day. The Nasdaq Composite Stock Price Index continued to grow to 17805.156, up 87.502 points from the same period. Sales to main stocks prevailed in the Tokyo stock market on the 27th, and the Nikkei Stock Average is expected to remain soft.

Top news
US interest rates rise, dollar purchases continue, and yen sales accelerate as the 160 yen level resurfaces
The dollar and yen fell to 160 yen 02 yen in the New York foreign exchange market on the 26th, then rose to 160 yen 84 yen, and closed at 160 yen 80 yen. Treasurer Kanda's statement on the yen depreciation system was conveyed, and although it was pushed to around 160 yen, dollar buying/yen sales soon resumed, and it rose one level to the latter half of the 160 yen range.

Micron's stock price falls outside of financial results receipt time The sales forecast for the fourth quarter is slightly unsatisfactory
$Micron Technology(MU.US)$It fell outside of hours. Financial results for the fiscal year ending March to May (3rd quarter) were announced after closing, and both earnings per share and sales exceeded expectations. However, stock prices had a dull reaction outside of hours. According to guidance for the fourth quarter, although earnings per share exceeded expectations, sales forecasts were within the expected range.
Related articles:[Earnings Update] Semiconductor giant Micron (MU) FY24Q3 financial results

Amazon is the 5th US company with a market capitalization of over 2 trillion dollars for the first time
On the US stock market on the 26th $Amazon(AMZN.US)$rose, and the total market value broke through the 2 trillion dollar (about 320 trillion yen) mark for the first time. Following the tech giants Alphabet, Apple, Microsoft, and NVIDIA, it became the fifth American company to achieve this milestone.

Fed stress test says all banks “can withstand a serious recession”
The US Federal Reserve (Fed) announced the results of the annual bank stress test (soundness review) on the 26th, and all major US banks that were subject to the examination passed. While it was evaluated that loans to households and businesses could continue even in a serious recession (recession) scenario, they expressed the view that they would suffer a larger loss than last year's test.

paddyNew home sales fall short of expectations for the first time in six months at a low level in May
The number of newly built single-family housing sales in May announced by the U.S. Department of Commerce on the 26th has sunk to 619,000 units, down 11.3% from the previous month in seasonally adjusted and annualized terms, to a low level since 2023/11. Mortgage interest rates remained high, which weighed on sales.

[Long-term interest rates exceed 1%] There is room for growth in 3 stocks such as Mitsubishi UFJ due to expectations of an increase in bank profits! Check out a list of profit growth estimates for major banks

Tokyo Stock Exchange Rate Forecast
Is the stock market forecast for the 27th = sales dominance or due to the reaction of the recent rapid rise

Foreign substitutes

Key Market Events