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[Morning Report] In the latter half of the 149 yen range, the biggest issue is how long the Fed will maintain high interest rates due to rising US interest rates = Vice Chairman Barr

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moomooニュース米国株 wrote a column · Oct 2, 2023 18:01
[Morning Report] In the latter half of the 149 yen range, the biggest issue is how long the Fed will maintain high interest rates due to rising US interest rate...
Good morning to all Moomoo users!Here are the key points of this morning's first report.
● [Tokyo stock exchange rate forecast range] 31,500 yen - 31,800 yen (2-day closing price 31,759 yen 88 sen)
●How long will the Fed maintain high interest rates is the biggest issue = Vice Chairman Barr
● ECB Vice President Degindos Says Current Interest Rates Will Help Achieve Inflation Targets
● The yen is in the latter half of the 149 yen range against the dollar, and the dollar is strong due to rising US interest rates, so intervention alert is close to 150 yen
●The US ISM manufacturing business climate index is at a high level for the first time in about a year - has the worst period passed
● World Bank lowers China's growth rate forecast to 4.4% next year
● Microsoft CEO's dominance of Google search works advantageously even in AI
● Takeda Pharmaceutical's vaccine recommendation for 6 to 16 years old for dengue fever - WHO
ー MooMoo News Mark
Market Overview
In the US stock market on the 2nd, the NY Dow Jones Industrial Average continued to fall to 33,433 dollars 35 cents, 74 dollars 15 cents lower than the previous business day. The Nasdaq Composite Stock Price Index was 13,307.773, up 88.451 points from the same period. Sales dominance continued in the Tokyo stock market on the 3rd, and the Nikkei Stock Average is likely to test lower prices.
Top news
Chairman Powell, the Federal Reserve is aiming for a good labor market over the long term
Chairman Powell of the US Federal Reserve (FRB) said on the 2nd that the US financial authorities are focusing on realizing a good labor market over a sustainable period of time.
The biggest issue is how long the Fed will maintain high interest rates = Vice Chairman Barr
Vice Chairman Michael Barr (in charge of financial supervision) of the US Federal Reserve (Fed) expressed recognition on the 2nd that the biggest issue for the Fed is deciding until when to maintain interest rates at a high level in order to reliably suppress inflation.
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Fed interest rate hikes are probably over = famous investor Ackman

ECB Vice President Degindos Says Current Interest Rates Will Help Achieve Inflation Targets
European Central Bank (ECB) Vice President Degindos expressed the view that the current ECB interest rate level will help push the inflation rate in the Eurozone down to the target 2%.
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Bank of England and China Mann insists that interest rates are permanently high - continuing to exterminate inflation
The yen is in the latter half of the 149 yen range against the dollar, and the dollar is strong due to rising US interest rates, so intervention alert is approaching 150 yen
The yen exchange rate in the Tokyo Foreign Exchange Market on the morning of the 3rd remained in the low range from year to year, with 1 dollar = the latter half of the 149 yen range. In the US market, long-term interest rates have hit a high level for the first time in 16 years in response to avoidance of closure of government agencies and improvements in business condition indices, and pressure to buy dollars and sell yen is deep-rooted.
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Higher interest rates are beginning to weigh on US corporate profits - Goldman Costin
Domestic price rise for AI semiconductors made by NVIDIA is 5.44 million yen, reflecting depreciation of yen
US ISM manufacturing business climate index is at a high level for the first time in about a year - has the worst period passed
The September manufacturing comprehensive business climate index announced by the Rice Supply Management Association (ISM) rose from the previous month. Although it is in a shrinking zone, it was at a high level for the first time in about a year. The content raises expectations that the worst period for rice manufacturers may have come to an end.
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US construction spending increased 0.5% from previous month in August - in line with market expectations
New US car sales from July to September will increase, interest rates and prices will remain high, and where will the wind blow
World Bank lowers China's growth rate forecast to 4.4% next year
On the 2nd, the World Bank announced a forecast that China's economic growth rate will slow to 4.4% in 2024. It was reduced by 0.4 points from the previous April forecast. It was pointed out that growth models that relied on investment in infrastructure and real estate had reached a turning point.
Microsoft CEO's dominance of Google search works advantageously even in AI
US in an antitrust law (antitrust law) lawsuit over the search business of Google under the umbrella of US Alphabet $Microsoft(MSFT.US)$Chief Executive Officer Satya Nadella (CEO) of testified in the federal district court on the 2nd and warned that there is a risk that Google will expand its dominance in the search market to new artificial intelligence (AI) related tools.
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Mr. Dimon says the next generation will “work 3 and a half days a week” by utilizing AI - also points out risks
SoftBank G-funded WeeWork postpones interest payments - 30 day grace period
$SoftBank Group(9984.JP)$At the investment destination, US WeeWork, which develops the shared office business, decided on the 2nd to forego interest payments (about 37.3 million dollars in cash = about 5.59 billion yen, equivalent to 57.9 million dollars in PIK bonds) that reach the same date limit. It was clarified in a notification to the U.S. Securities and Exchange Commission (SEC).
Takeda Pharmaceutical's vaccine recommendation = dengue fever for 6 to 16 years old - WHO
The World Health Organization (WHO) announced on the 2nd as a vaccine for dengue fever, an infectious disease carried by mosquitoes $Takeda Pharmaceutical(4502.JP)$It was announced that “QDENGA (QDENGA)” developed by is recommended. It has already been approved by the European Union (EU), Indonesia, Brazil, etc.
Foreign substitutes
Distribution source: Dow Jones, MINKABU, Bloomberg, Nihon Keizai Shimbun, Weiss Advisor, Jiji Press
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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