NVDA
NVIDIA
-- 105.970 TSLA
Tesla
-- 255.215 PLTR
Palantir
-- 83.810 AMZN
Amazon
-- 188.600 GOOG
Alphabet-C
-- 155.320 Morning report: Will the US PCE price index show high growth? Goldman Sachs, S&P 500 could even reach 6000 - as large-cap tech stocks continue to rise.
moomoo users, good morning!![]()
Here are the key points of the early morning report today.
● Tokyo stock market expected range: ¥ 500,000 - ¥ 1,000,000 (closing price on the 22nd was ¥ 888.43)
● Will the US PCE price index show high growth - justifying the Fed's patience with rate cuts.
● Fed Chair Powell ready to support the job market - even with high inflation.
Goldman Sachs expects the S&P 500 to reach 6000 - the continued rise of large-cap technology stocks.
Gucci's impact: sharp decline in sales in China - the slowdown in consumption in the luxury goods industry becomes apparent.
Unstoppable weakening of the yen, market testing the seriousness of intervention, with a forecast around 152 yen.
moomoo News Kathy
● Tokyo stock market expected range: ¥ 500,000 - ¥ 1,000,000 (closing price on the 22nd was ¥ 888.43)
● Will the US PCE price index show high growth - justifying the Fed's patience with rate cuts.
● Fed Chair Powell ready to support the job market - even with high inflation.
Goldman Sachs expects the S&P 500 to reach 6000 - the continued rise of large-cap technology stocks.
Gucci's impact: sharp decline in sales in China - the slowdown in consumption in the luxury goods industry becomes apparent.
Unstoppable weakening of the yen, market testing the seriousness of intervention, with a forecast around 152 yen.
moomoo News Kathy
Market Overview
In the U.S. stock market on the 22nd, the NY Dow Jones Industrial Average fell by 305.47 cents to 30,947.90 cents from the previous trading day, a decline of 0.03%. The Nasdaq Composite Index was up 26.983 points to 6428.819, the first rise in 5 days. On the 25th in the Tokyo stock market, profit-taking selling pressure dominated mainly in core stocks, and the Nikkei Stock Average is likely to turn downwards after a 5-day rise.
In the U.S. stock market on the 22nd, the NY Dow Jones Industrial Average fell by 305.47 cents to 30,947.90 cents from the previous trading day, a decline of 0.03%. The Nasdaq Composite Index was up 26.983 points to 6428.819, the first rise in 5 days. On the 25th in the Tokyo stock market, profit-taking selling pressure dominated mainly in core stocks, and the Nikkei Stock Average is likely to turn downwards after a 5-day rise.
Top News
U.S. PCE price index shows significant growth - justifying the Fed's patience with rate cuts.
The key inflation indicator, which the Federal Reserve values highly, is likely to remain high in February, justifying the authorities' cautious stance on immediate rate cuts. PCE data is scheduled to be released on the 29th, a holiday for Good Friday, when the US stock and bond markets will be closed.
U.S. PCE price index shows significant growth - justifying the Fed's patience with rate cuts.
The key inflation indicator, which the Federal Reserve values highly, is likely to remain high in February, justifying the authorities' cautious stance on immediate rate cuts. PCE data is scheduled to be released on the 29th, a holiday for Good Friday, when the US stock and bond markets will be closed.
Fed Chair Powell Ready to Support Labor Market - Even with high inflation
When inflation surged in 2022, the Federal Reserve moved to prevent a wage hike spiral by raising interest rates. Currently, with the unemployment rate on the rise, financial authorities intend to lower interest rates even if inflation remains high for a while to prevent a spiral of job cuts.
When inflation surged in 2022, the Federal Reserve moved to prevent a wage hike spiral by raising interest rates. Currently, with the unemployment rate on the rise, financial authorities intend to lower interest rates even if inflation remains high for a while to prevent a spiral of job cuts.
Goldman Sachs predicts S&P 500 to reach 6000 - Driven by continued rise of large-cap tech stocks
$Goldman Sachs (GS.US)$Strategists maintain their year-end forecast of S&P 500 stock index at 5200, assuming a scenario where large-cap tech stocks lead the way and the index rises further by 15%.
Related Article:Buying on dips for the losers Apple and Tesla?
$Goldman Sachs (GS.US)$Strategists maintain their year-end forecast of S&P 500 stock index at 5200, assuming a scenario where large-cap tech stocks lead the way and the index rises further by 15%.
Related Article:Buying on dips for the losers Apple and Tesla?
Gucci's Impacts, Sharp Sales Decline in China - Effects of slowing consumption in the luxury goods industry becoming apparent
Concerns about the slowdown in consumption in China have been plaguing the luxury goods industry for most of this year. Last week, Gucci, a major player in the fashion brand industry, was confronted with the extent of the issue.
Concerns about the slowdown in consumption in China have been plaguing the luxury goods industry for most of this year. Last week, Gucci, a major player in the fashion brand industry, was confronted with the extent of the issue.
The relentless depreciation of the yen is testing the market's seriousness about intervention, with some predicting it could reach the 152 yen level. Minister of Finance Toshikazu Suzuki tried to curb speculative movements on the 21st and 22nd, but the market is trying to assess the government's determination regarding foreign exchange intervention.
The yen depreciation continues in the foreign exchange market. Some are even expecting the first time in 34 years for the dollar to reach the 152 yen level. Minister of Finance Toshikazu Suzuki attempted to curb speculative movements on the 21st and 22nd, but the market is trying to assess the government's seriousness regarding foreign exchange intervention.
The yen depreciation continues in the foreign exchange market. Some are even expecting the first time in 34 years for the dollar to reach the 152 yen level. Minister of Finance Toshikazu Suzuki attempted to curb speculative movements on the 21st and 22nd, but the market is trying to assess the government's seriousness regarding foreign exchange intervention.
Foreign exchange
Key Market Events
Source: Dow Jones, MINKABU, Fisco, Bloomberg, Wealth Advisor, Nikkei Newspaper
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
Read more
Comment
Sign in to post a comment