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[Morning Report] NY crude oil breaks through 93 dollars, high for the first time in a year - US Las Vegas, casino employees prepare for a strike at a dangerous level where rice inventories are at a dangerous level

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moomooニュース米国株 wrote a column · Sep 27, 2023 18:12
[Morning Report] NY crude oil breaks through 93 dollars, high for the first time in a year - US Las Vegas, casino employees prepare for a strike at a dangerous ...
Good morning to all Moomoo users!Here are the key points of this morning's first report.
● [Tokyo Stock Exchange Rate Forecast Range] 31,900 yen - 34,400 yen (closing price 32,371 yen 90 sen on the 27th)
● NY crude oil breaks through 93 dollars, high for the first time in a year - rice inventories fall to a dangerous level
● President Kashkari says there is also a possibility of “tightening and shrinking” - government shutdown and long-term strike
● Las Vegas, US, casino employees negotiate to raise wages to prepare for strikes
●UAW to expand strike if no progress is made by Friday
●U.S. Durable Goods Orders Received, Core Capital Goods Recovered in August - Suggests Steadiness of Capital Investment
● US 30-year mortgage interest rate rises to 7.41%, high level since 2000 - demand pressure
●US Micron falls into deficit with declining sales for the fiscal year ending June-8
● Mitsubishi Motors to withdraw production from China, EV sales sluggish
— MooMoo News Kathy 
Market Overview
In the US stock market on the 27th, the NY Dow Jones Industrial Average continued to fall to 33,550 dollars 27 cents, 68 dollars 61 cents lower than the previous business day. The Nasdaq Composite Stock Price Index rose 29.239 points to 103092.849. The Nikkei Stock Average will weaken in the Tokyo stock market on the 28th, and it is expected that it will fall.
Top news
NY crude oil breaks through 93 dollars, high for the first time in a year - rice inventories fall to a dangerous level
Crude oil futures prices rose in the New York market and hit a new high for the first time in a year. Inventory levels in Cushing, Oklahoma, which is the largest crude oil storage base in the United States, have dropped to the level since 2022/7.
President Kashkari says there is also a possibility of “tightening and shrinking” - government shutdown and long-term strike
President Kashkari of the US Minneapolis Fed expressed the view that if government agencies are closed or automobile strikes are prolonged, there is a possibility that the economy will slow down, so there is no need for the Federal Reserve (FRB) to use measures to mitigate price increases.
Las Vegas, US, casino employees negotiate to raise wages to prepare for the strike
Labor unions of people involved in food and drink working at casinos and hotels in western Las Vegas in the US approved by the 27th that if labor-management negotiations with the facility side break down, they would go on strike. Casino giants $MGM Resorts International (MGM.US)$They are negotiating wage increases with things like that.
UAW to expand strike if no progress is made by Friday
The United Auto Workers Union (UAW) said that if there is no progress in negotiations by 10:00 a.m. (US Eastern Time) this Friday, the strike at the Bixley factory will expand further.
U.S. Durable Goods Orders Received, Core Capital Goods Recovered in August - Suggests Steadiness of Capital Investment
According to the US durable goods order statistics for August, orders for core capital goods picked up. It shows that corporate capital investment remains solid even as borrowing costs remain high. Computers, electronic devices, machines, etc. are driving the increase in orders.
US 30-year mortgage interest rate rises to 7.41%, high level since 2000 - demand pressure
U.S. mortgage interest rates reached their highest level since 2000 last week. According to data released by the American Mortgage and Loan Bankers Association (MBA) on the 27th, interest rates on 30-year fixed mortgages rose by 10 basis points (bp, 1 bp = 0.01%) in the week ending the 22nd to 7.41%.
US Micron falls into deficit with declining sales for the fiscal year ending June-8
Major US semiconductor company $Micron Technology (MU.US)$The financial results for the fiscal year ending 6/8 (fourth quarter) announced on the 27th fell into the red due to a decline in sales. However, sales and adjusted profit and loss per share were better than analysts' expectations.
Mitsubishi Motors to withdraw production from China, EV sales sluggish
$Mitsubishi Motors (7211.JP)$has solidified a policy to withdraw from automobile production in China. Of a major Chinese automobile company that is a local joint venture partner $GAC GROUP (02238.HK)$and the final adjustments have begun. In China, sales of Mitsubishi itself are sluggish due to the spread of electric vehicles (EVs) and improvements in brand power of local companies.
Foreign substitutes
Distribution source: Dow Jones, MINKABU, Bloomberg, Weiss Advisor, Nihon Keizai Shimbun
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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  • 181338057犬心久美子 : Exactly everything is the bottom[undefined]If so
    I'm sure it will improve and recover.
    Every problem erupted all at once
    They overlap, but one by one
    I think we're on our way to a solution.
    Don't worry too much and be bad at it
    I'd like to take a look at it calmly.

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