In the morning report, the observation of consecutive interest rate cuts has receded due to strong US economic data. Tesla's stock price fell by nearly 10% after announcing the 'Robo-Taxi'.
moomoo users, good morning to all of you!![]()
Here are the key points of the early morning report today.
●【Tokyo stock market forecast range】Domestic market closed (Sports Day)
●Palantir approaches all-time high, growth expectations for AI software
●After Tesla's 'Robo-Taxi' announcement, the stock price dropped nearly 10%, why? Is Wall Street disappointed?
●Treasury Secretary to Jamie Dimon: Timeless Ideas
●Expectations of continuous rate cuts diminish with strong US data, 20% chance that the Federal Reserve will hold off on rate cuts
●The U.S. September PPI rose 0% month-on-month, falling below expectations.
-moomoo News Evelyn
Market Overview
●【Tokyo stock market forecast range】Domestic market closed (Sports Day)
●Palantir approaches all-time high, growth expectations for AI software
●After Tesla's 'Robo-Taxi' announcement, the stock price dropped nearly 10%, why? Is Wall Street disappointed?
●Treasury Secretary to Jamie Dimon: Timeless Ideas
●Expectations of continuous rate cuts diminish with strong US data, 20% chance that the Federal Reserve will hold off on rate cuts
●The U.S. September PPI rose 0% month-on-month, falling below expectations.
-moomoo News Evelyn
Market Overview
◇On the 11th, the U.S. stock market rebounded. Bank stocks were significantly higher due to favorable earnings, leading to a broad rise in financial stocks. Although the September Producer Price Index (PPI) had mixed results, market expectations for additional rate cuts at the November U.S. Federal Open Market Committee (FOMC) strengthened.
◇The Dow rose by $409.74 (+0.97%) in a rebound, setting a new record high for the closing price for the first time in 2 days. It rose as high as $445 at one point, setting a new all-time high during trading hours for the first time in 10 business days since September 27.
◇Of the 11 sectors of the S&P 500, financials led the way with a 1.95% increase, with 9 sectors including capital goods, real estate, utilities, and health care also rising.
◇The Dow rose by $409.74 (+0.97%) in a rebound, setting a new record high for the closing price for the first time in 2 days. It rose as high as $445 at one point, setting a new all-time high during trading hours for the first time in 10 business days since September 27.
◇Of the 11 sectors of the S&P 500, financials led the way with a 1.95% increase, with 9 sectors including capital goods, real estate, utilities, and health care also rising.
Top news
Why did Tesla's stock price drop nearly 10% after the announcement of 'Robo Taxi'? Was Wall Street disappointed?
$Tesla (TSLA.US)$の無人タクシー（Robotaxi）プロトタイプ「サイバーキャブ」と無人バス「ロボバン」が、金曜日に開催された「Robotaxi Day」で正式に発表された。一方、テスラ社の株価はその後、一時10％近く急落した。マスク氏によると、Cybercabは2027年までに市場に投入され、タクシー配車会社に販売される可能性があるという。
US Palantir, approaching all-time high AI software growth expectations.
US data analysis giant $Palantir (PLTR.US)$が10月11日に一時44.38Dollars, setting a 52-week high. Since being included in the US S&P 500 Stock Price Index on September 23, Palantir hasIt has risen by over 150% year-to-date, resulting in a ranking of third in the S&P 500 percentage gain ranking.。It has surged by approximately 17% and risen by over 150% year-to-date, ranking third in the S&P 500 percentage gain ranking.Its stock price has surged by approximately 17% year-to-date.、In the S&P 500 percentage gain ranking, it holds the third position.It ranks third in the S&P 500 performance ranking for percentage increase.It is.
Jamie Dimon to Treasury Secretary: Timeless Ideas
Mr. Dimon's tumultuous trajectory in Washington has continued for the past 25 years. There is no politician whose name has not been mentioned in the presidential election. This year, his name is being mentioned from both sides of the presidential campaign. Dimon currently serves as Chief Executive Officer (CEO). $JPMorgan (JPM.US)$Within the company, Mr. Daimon's name is often viewed with skepticism, and at least candidates or their agents are seen as emitting signals of virtue to collect donations or votes.
The observation of consecutive rate cuts due to robust US data has receded, with a 20% chance that the Federal Reserve will postpone the rate cut.
The bond market is increasingly weakening the belief that the Federal Reserve Board (FRB) will cut rates twice more this year. Traders see about a 20% chance that the FRB will keep interest rates unchanged in November or December.
As of the end of last week, even after the employment statistics were released on Friday, swaps were suggesting a rate cut of over 50 basis points by the end of the year.
As a result, government bonds fell this week. Bloomberg's US bond index is experiencing its worst 4-week consecutive decline since April. The yield on the 10-year bond has crossed 4% again, while the 30-year bond yield hit a high of 4.42%, the highest since July 30.
The US interest rates are likely to rise, especially if Mr. Trump is re-elected.
The Federal Reserve Board (FRB) lowered the target for short-term interest rates by 0.5 points three weeks ago and suggested additional rate cuts. However, the yield on the 10-year US Treasury bond has risen to 4%, reaching the highest level in two months. Why are long-term interest rates rising despite the decrease in policy rates? The FRB sets short-term interest rates. Investors are betting on the trajectory of these rates for the next 10 years. For two reasons, there is a high possibility that interest rates in the next 10 years will surpass those of the past 10 years, and they will likely be significantly higher.
米9月PPI、前月比0％上昇と予想下回る
Why did Tesla's stock price drop nearly 10% after the announcement of 'Robo Taxi'? Was Wall Street disappointed?
$Tesla (TSLA.US)$の無人タクシー（Robotaxi）プロトタイプ「サイバーキャブ」と無人バス「ロボバン」が、金曜日に開催された「Robotaxi Day」で正式に発表された。一方、テスラ社の株価はその後、一時10％近く急落した。マスク氏によると、Cybercabは2027年までに市場に投入され、タクシー配車会社に販売される可能性があるという。
US Palantir, approaching all-time high AI software growth expectations.
US data analysis giant $Palantir (PLTR.US)$が10月11日に一時44.38Dollars, setting a 52-week high. Since being included in the US S&P 500 Stock Price Index on September 23, Palantir hasIt has risen by over 150% year-to-date, resulting in a ranking of third in the S&P 500 percentage gain ranking.。It has surged by approximately 17% and risen by over 150% year-to-date, ranking third in the S&P 500 percentage gain ranking.Its stock price has surged by approximately 17% year-to-date.、In the S&P 500 percentage gain ranking, it holds the third position.It ranks third in the S&P 500 performance ranking for percentage increase.It is.
Jamie Dimon to Treasury Secretary: Timeless Ideas
Mr. Dimon's tumultuous trajectory in Washington has continued for the past 25 years. There is no politician whose name has not been mentioned in the presidential election. This year, his name is being mentioned from both sides of the presidential campaign. Dimon currently serves as Chief Executive Officer (CEO). $JPMorgan (JPM.US)$Within the company, Mr. Daimon's name is often viewed with skepticism, and at least candidates or their agents are seen as emitting signals of virtue to collect donations or votes.
The observation of consecutive rate cuts due to robust US data has receded, with a 20% chance that the Federal Reserve will postpone the rate cut.
The bond market is increasingly weakening the belief that the Federal Reserve Board (FRB) will cut rates twice more this year. Traders see about a 20% chance that the FRB will keep interest rates unchanged in November or December.
As of the end of last week, even after the employment statistics were released on Friday, swaps were suggesting a rate cut of over 50 basis points by the end of the year.
As a result, government bonds fell this week. Bloomberg's US bond index is experiencing its worst 4-week consecutive decline since April. The yield on the 10-year bond has crossed 4% again, while the 30-year bond yield hit a high of 4.42%, the highest since July 30.
The US interest rates are likely to rise, especially if Mr. Trump is re-elected.
The Federal Reserve Board (FRB) lowered the target for short-term interest rates by 0.5 points three weeks ago and suggested additional rate cuts. However, the yield on the 10-year US Treasury bond has risen to 4%, reaching the highest level in two months. Why are long-term interest rates rising despite the decrease in policy rates? The FRB sets short-term interest rates. Investors are betting on the trajectory of these rates for the next 10 years. For two reasons, there is a high possibility that interest rates in the next 10 years will surpass those of the past 10 years, and they will likely be significantly higher.
The Wholesale Price Index (PPI) for September, announced by the US Department of Labor on the 11th, rose by 0% compared to the previous month, falling below the expected 0.1% increase. The previous period rose by 0.2%.
Energy prices fell by 2.7% monthly, food prices rose by 1%. Core PPI, excluding food and energy prices, rose by the expected 0.2%, compared to a 0.3% increase the previous month.
The sharp decline in gasoline prices has helped to suppress upward pressure on PPI. Despite a slight increase in food wholesale prices, the risk of inflation has retreated due to the decline in energy prices.
foreign exchange
Energy prices fell by 2.7% monthly, food prices rose by 1%. Core PPI, excluding food and energy prices, rose by the expected 0.2%, compared to a 0.3% increase the previous month.
The sharp decline in gasoline prices has helped to suppress upward pressure on PPI. Despite a slight increase in food wholesale prices, the risk of inflation has retreated due to the decline in energy prices.
foreign exchange
Main Market Events
Source: MINKABU, Fisco, Bloomberg, moomoo
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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古河美香 : Good morning!