【Early Morning Report】Support for Ms. Harris leads Mr. Trump. Palantir's full-year forecast exceeds expectations due to strong demand for AI. Stock prices rise after hours.
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Here are the key points of the early morning news report today.
Expected Tokyo Stock Market Forecast Range: 8100 yen to 8600 yen (closing price on the 1st: 8053 yen and 67 sen)
Ms. Harris leads Mr. Trump by 4 points = National opinion poll
Dollar bears dominate, turnaround in Trump trade ahead of tomorrow's US presidential election
Expected 0.25% rate cut at the November FOMC meeting in the US, market views it as highly likely
Palantir's full-year outlook exceeds financial estimates due to strong demand for AI, with stock prices rising after hours.
NYMEX crude oil futures have risen for 4 consecutive business days due to the postponement of OPEC Plus production cuts.
American International Group (AIG) surpasses profit expectations for the July-September period, despite hurricanes making landfall.
Nintendo Co Ltd finally releases information about the new game console, demonstrating high expectations for the enduring 'Switch' console. [Earnings Preview]
moomoo News Kei
Expected Tokyo Stock Market Forecast Range: 8100 yen to 8600 yen (closing price on the 1st: 8053 yen and 67 sen)
Ms. Harris leads Mr. Trump by 4 points = National opinion poll
Dollar bears dominate, turnaround in Trump trade ahead of tomorrow's US presidential election
Expected 0.25% rate cut at the November FOMC meeting in the US, market views it as highly likely
Palantir's full-year outlook exceeds financial estimates due to strong demand for AI, with stock prices rising after hours.
NYMEX crude oil futures have risen for 4 consecutive business days due to the postponement of OPEC Plus production cuts.
American International Group (AIG) surpasses profit expectations for the July-September period, despite hurricanes making landfall.
Nintendo Co Ltd finally releases information about the new game console, demonstrating high expectations for the enduring 'Switch' console. [Earnings Preview]
moomoo News Kei
Market Overview
On the 4th, the US stock market fell as investors became more cautious ahead of the election the following day. Within the S&P 500 sector-specific index ETFs, energy prices rose. The decision by the Organization of the Petroleum Exporting Countries (OPEC) and major oil-producing countries outside the organization, known as 'OPEC Plus,' to extend the voluntary production cut deadline by another month until year-end led to an increase in crude oil prices. Conversely, utilities were under pressure. Regulators rejected Amazon's expanded use of nuclear power for electricity generation, causing a decline in nuclear power stocks.
On the 5th, the Tokyo stock market saw a broad buyback trend focused on major stocks, with the Nikkei Average likely to rebound.
On the 5th, the Tokyo stock market saw a broad buyback trend focused on major stocks, with the Nikkei Average likely to rebound.
Top News
Harris leads Trump by 4 points in nationwide public opinion poll.
According to a national presidential election opinion poll conducted by NPR/PBS News/Marist University targeting eligible voters nationwide in the USA, the approval rating leads by 4 points with Vice President Kamala Harris, the Democratic candidate, at 51%, compared to former President Donald Trump, the Republican candidate, at 47%.
Related articles
・In a public opinion poll in Iowa, Vice President Harris of the Democratic Party has a higher approval rating than former President Trump.
・Will the chaos continue until election day? Understand the basics of the 2024 US presidential election in one sentence!
Harris leads Trump by 4 points in nationwide public opinion poll.
According to a national presidential election opinion poll conducted by NPR/PBS News/Marist University targeting eligible voters nationwide in the USA, the approval rating leads by 4 points with Vice President Kamala Harris, the Democratic candidate, at 51%, compared to former President Donald Trump, the Republican candidate, at 47%.
Related articles
・In a public opinion poll in Iowa, Vice President Harris of the Democratic Party has a higher approval rating than former President Trump.
・Will the chaos continue until election day? Understand the basics of the 2024 US presidential election in one sentence!
The dollar is being sold off, with a comeback in Trump trading ahead of tomorrow's US presidential election.
The London market sees a predominant dollar sell-off. Ahead of tomorrow's US presidential election, there is a reversal movement in dollar buying due to Trump trading. In last weekend's US public opinion polls, support rates for Mr. Trump and Ms. Harris were almost evenly matched. There are somewhat skeptical movements towards the view that Mr. Trump is in the lead.
The London market sees a predominant dollar sell-off. Ahead of tomorrow's US presidential election, there is a reversal movement in dollar buying due to Trump trading. In last weekend's US public opinion polls, support rates for Mr. Trump and Ms. Harris were almost evenly matched. There are somewhat skeptical movements towards the view that Mr. Trump is in the lead.
Market almost certain of a 0.25% rate cut at the November FOMC meeting.
The Federal Reserve Board (FRB) will hold the Federal Open Market Committee (FOMC) meeting on the 6th and 7th of this week. In the short-term financial markets, the probability of a 25 basis point (BPS) rate cut by the FRB at this meeting is priced in at 98%. A 25BPS rate cut in December is priced in at 78%.
The Federal Reserve Board (FRB) will hold the Federal Open Market Committee (FOMC) meeting on the 6th and 7th of this week. In the short-term financial markets, the probability of a 25 basis point (BPS) rate cut by the FRB at this meeting is priced in at 98%. A 25BPS rate cut in December is priced in at 78%.
Palantir surpasses expectations with strong AI demand, stock price rises in after-hours trading.
$Palantir (PLTR.US)$Third-quarter earnings increased by 30% compared to the same period last year. Palantir has raised its full-year revenue forecast for 2024. The company currently expects revenue to range from $2.805 billion to $2.809 billion.
$Palantir (PLTR.US)$Third-quarter earnings increased by 30% compared to the same period last year. Palantir has raised its full-year revenue forecast for 2024. The company currently expects revenue to range from $2.805 billion to $2.809 billion.
[NY Crude Oil Futures] Rises for 4 consecutive trading days due to OPEC+ production cut postponement.
Crude oil futures rose for the 4th consecutive trading day on November 4th at the New York Mercantile Exchange (NYMEX). The NYMEX crude oil futures for December delivery closed at $71.47 per barrel, up $1.98 (2.85%) from the previous week. The decision by the Organization of the Petroleum Exporting Countries (OPEC) and non-member major oil-producing countries forming 'OPEC Plus' to further delay the voluntary production cut until the end of the year was seen as a buying factor.
Crude oil futures rose for the 4th consecutive trading day on November 4th at the New York Mercantile Exchange (NYMEX). The NYMEX crude oil futures for December delivery closed at $71.47 per barrel, up $1.98 (2.85%) from the previous week. The decision by the Organization of the Petroleum Exporting Countries (OPEC) and non-member major oil-producing countries forming 'OPEC Plus' to further delay the voluntary production cut until the end of the year was seen as a buying factor.
American International Group (AIG) exceeded profit expectations for the July-September quarter, despite hurricanes making landfall.
Major American insurance company AIG. $American International Group (AIG.US)$American International Group (AIG) announced that its profit for the July-September quarter (Q3) exceeded expectations. The increase in new policy numbers and the rise in insurance rates contributed to this. Despite hurricanes "Helene" and "Beryl" making landfall, the relatively low losses from natural disasters also provided tailwinds.
Major American insurance company AIG. $American International Group (AIG.US)$American International Group (AIG) announced that its profit for the July-September quarter (Q3) exceeded expectations. The increase in new policy numbers and the rise in insurance rates contributed to this. Despite hurricanes "Helene" and "Beryl" making landfall, the relatively low losses from natural disasters also provided tailwinds.
Nintendo Co Ltd, are we finally getting information on the new game console? Expectations are high for the enduring power of the "Switch" model. [Earnings Preview]
$Nintendo (7974.JP)$After the close on November 5, it will announce the consolidated financial results for Q2 of the March 2025 term at 3:30 pm. Market expectations (Bloomberg Consensus) anticipate a 29% decrease in consolidated revenue for Q2 year-on-year to 515.7 billion yen, and an expected 50% decrease in earnings per share (EPS) to 116.54 yen. The impact of the decline in the popularity of the previous period's hits like the Mario movie and Zelda series software is felt.
Foreign exchange
$Nintendo (7974.JP)$After the close on November 5, it will announce the consolidated financial results for Q2 of the March 2025 term at 3:30 pm. Market expectations (Bloomberg Consensus) anticipate a 29% decrease in consolidated revenue for Q2 year-on-year to 515.7 billion yen, and an expected 50% decrease in earnings per share (EPS) to 116.54 yen. The impact of the decline in the popularity of the previous period's hits like the Mario movie and Zelda series software is felt.
Foreign exchange
Key Market Events
Source: Dow Jones, MINKABU, Fisco, Bloomberg, Wealth Advisor, moomoo
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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