[Morning Report] Microsoft takes back the lead, NVIDIA falls 3.5%, AMD rises 4.6%, dollar yen is just before 159 yen, and the sense of caution about intervention is likely to increase

Top news
US housing starts decelerating, increasing the possibility of interest rate cuts
The number of US housing starts in May was announced, and it was lower than expected, with a 5.5% decrease compared to the previous month. In response to this, economists have stated that signs of a slowdown in the housing market are becoming clear in the United States, and price pressure on commodities such as timber should ease further along with that.

US 10-year bond yields rise despite weak US economic indicators
10-year bond yields rose in the NY bond market on the 20th. Many of the US economic indicators announced on this day were weak, and although they confirmed the FRB's expectations of interest rate cuts by the end of the year, yields rose. The FOMC committee continues to catch a glimpse of their cautious stance on interest rate cuts, and it seems that they support yields.

Buying dollars due to rising interest rates in response to US employment indicators and district federal bank governors statements 158.94
The dollar and yen closed at 158 yen 90 yen in the NY foreign exchange market on the 20th. The number of housing starts in the US in May and the June Philadelphia Federal Bank Business Condition Index fell sharply lower than expected, and dollar sales temporarily strengthened. Meanwhile, it seems that the number of new weekly unemployment insurance claims decreased from the previous time, and the Minneapolis Federal Reserve Bank President's statement that it takes time to achieve inflation targets led to an increase in interest rates, and dollar purchases became dominant thereafter.
Related articles:Minneapolis Fed President It will take a year or two for inflation to return to 2%

The dollar yen rose to just before 159 yen and is in a position where the sense of caution about intervention is likely to increase
Today's NY exchange market, the dollar and yen continue to track higher prices, and they have risen to just before 159 yen. The level just before the intervention by the Ministry of Finance in April has recovered, and the sense of caution against intervention is likely to increase. However, it is an increase due to extremely calm price movements, and it does not correspond to what the Ministry of Finance refers to as “excessive fluctuation.”

Microsoft takes back the lead in market capitalization and surpasses NVIDIA
On the US stock market on the 20th, rice $Microsoft(MSFT.US)$surpassed NVIDIA, a major US semiconductor company, in total market value and returned to the top position. Microsoft is 0.1% lower than the previous business day, $NVIDIA(NVDA.US)$Regular transactions were closed at 3.5% depreciation, respectively.
Related articles:US stock ranking: AMD up 4.62%, NVIDIA down 3.54%
$Advanced Micro Devices(AMD.US)$, recorded intraday high prices since 2/29

Dell and Super Micro are also getting involved in an AI factory for XAI that is turning down
On the 20th $Dell Technologies(DELL.US)$The fact that Michael Dell CEO of Mr. Musk stated that a “Dell AI factory” will be built along with NVIDIA for Mr. Musk's startup company XAI was viewed as material, and the stock price temporarily rose, but there was a slight decline. $Super Micro Computer(SMCI.US)$It was reported that a server would also be provided, and it was getting expensive, but it has begun to decline.

Salesforce rises, revises and buys software stocks amid profit-taking sales to AI-related stocks
$Salesforce(CRM.US)$has risen, supporting a significant increase in the Dow average. There are no special buying materials, but today, as AI-related profit-making sales are strengthening, it seems that review purchases are being made into software stocks like the company.

Cyber attacks on US car dealers once again have limited impact on auto stocks
Car dealers across the United States have been hit by chaos for the second time since the day before. Continuing from the day before, another cyber attack was launched on CDK Global, which provides software to car dealers across the United States. CDK notified customers today. So far, the impact on automobile stocks is limited.

“Shares sold!” the day before Total Zalai — What's the impact on today? ― (Japanese stocks)