[Morning Report] Risk that the US bond market will fall into a “vicious cycle” US new home sales have been at a high level since February last year

Good morning to all Moomoo users!Here are the key points of this morning's first report.
● [Tokyo Stock Exchange Rate Forecast Range] 3700 yen - 31,100 yen (25th closing price 31,269 yen 92 sen)
● The risk that the US bond market will fall into a “vicious cycle” draws attention to the FRB's QT strategy
● New home sales in the US have increased rapidly, at a high level since February last year - significantly exceeding expectations
● [Earnings Bulletin] Meta (META) 23Q3 Financial Results Increased Sales Above Market Expectations
● IBM rises outside of settlement receipt hours, full-year sales volume, and FCF outlook remains unchanged
● Apple to completely renew AirPods product lineup starting next year - stakeholders
ー MooMoo News Evelyn

Market Overview
In the US stock market on the 25th, the NY Dow Jones Industrial Average fell to 30,035 dollars 93 cents, which was 105 dollars 45 cents lower than the previous business day. The Nasdaq Composite Stock Price Index fell 318.651 points to 12,821.2 24. The Tokyo stock market on the 26th will have a wide range of sales dominance, starting with leading stocks, and it is expected that the Nikkei Stock Average will fall.

Top news
The risk of the US bond market falling into a “vicious cycle” draws attention to the FRB's QT strategy
Since long-term US bonds have received the worst sales in the past 40 years or so, the spotlight is on the absence of the Federal Reserve (FRB), which was the biggest buyer.

US New Home Sales Surge Rapidly, High Level Since February Last Year - Significantly Exceeded Expectations
The number of new homes sold in the US in September increased drastically, reaching a high level since February 2022. It was suggested that even in the midst of a sharp rise in mortgage interest rates, consumers are still motivated to buy a home.

Ford and UAW agree tentatively close to ending a six-week strike
The American Auto Workers Union (UAW) will spend the 25th in the US $Ford Motor(F.US)$Fierce negotiations have been carried out, and they are getting closer to concluding a new provisional labor contract. Multiple stakeholders who know about the discussions made it clear.

[Earnings Bulletin] Meta (META) 23Q3 Financial Results Increased Sales Above Market Expectations
$Meta Platforms(META.US)$announced financial results for 23Q3 (fiscal year ending 7/9). EPS (net profit per share) is $4.39, and the forecast is $3.70. Sales were 34.15 billion dollars, and the forecast was 33.515 billion dollars.

Apple to completely renew AirPods product lineup starting next year - stakeholders
paddy $Apple(AAPL.US)$The plan is to completely renew the product lineup of the wireless earphone “AirPods.” AirPods have become one of the company's best-selling products.

IBM's full-year sales volume rises outside of settlement receipt hours, and the outlook for FCF remains unchanged = individual US stocks
$IBM Corp(IBM.US)$Financial results for the fiscal year ending July-September (third quarter) were announced after closing, but in addition to earnings per share exceeding expectations, sales also slightly exceeded expectations.

Will the ECB raise the minimum reserve ratio this week too, European money market alert
There is widespread speculation that European financial institutions may be required to increase reserves deposited into central banks.

China Real Estate's Country Garden “Default Appropriate” Financial Institution Notifies
Regarding interest payments on dollar-denominated bonds of Country Garden Holdings (Country Garden Holdings), the largest real estate company in China, it became known on the 25th that the financial institution responsible for administrative procedures for bonds notified creditors that they “fall under default (default).” US Bloomberg News Agency reported.

Tokyo Stock Exchange Rate Forecast
Stock exchange rate forecast for the 26th = decline, split in the 31,000 yen range is in sight

Foreign substitutes