[Morning report] Selling pressure on semiconductor-related stocks, pushing for revisions ahead of expectations, and LME copper rising - other nonferrous metals are also uniformly high.
![[Morning report] Selling pressure on semiconductor-related stocks, pushing for revisions ahead of expectations, and LME copper rising - other nonferrous metals ...](https://sgsnsimg.moomoo.com/sns_client_feed/181250687/20240418/fc5dd86876f5b1ef5dbe3fc3424f15fc.png/big?area=105&is_public=true)
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Here are the key points for this morning's report.
● [Tokyo Stock Market Forecast Range] 760,000 yen to 810,000 yen (closing price on the 17th: 796,180 yen)
● FRB quantitative tightening to end in 2025 - NY Fed presents two scenarios
● The yen is in the mid-154 yen range, keeping an eye on concerns of yen depreciation and a 34-year low in US interest rates
● NY Stocks Highlight: Selling pressure spreads to semiconductor-related stocks, affecting previous expectations
● EU cancels formal investigation into Microsoft's investment in OpenAI
● LME copper rises as risk appetite recovers - other nonferrous metals also rise
Continued decline, as selling pressure increased amid waiting for Israel's counterattack = NY crude oil overview.
- Moomoo News Amelia
● [Tokyo Stock Market Forecast Range] 760,000 yen to 810,000 yen (closing price on the 17th: 796,180 yen)
● FRB quantitative tightening to end in 2025 - NY Fed presents two scenarios
● The yen is in the mid-154 yen range, keeping an eye on concerns of yen depreciation and a 34-year low in US interest rates
● NY Stocks Highlight: Selling pressure spreads to semiconductor-related stocks, affecting previous expectations
● EU cancels formal investigation into Microsoft's investment in OpenAI
● LME copper rises as risk appetite recovers - other nonferrous metals also rise
Continued decline, as selling pressure increased amid waiting for Israel's counterattack = NY crude oil overview.
- Moomoo News Amelia
Market Overview
In the U.S. stock market on the 17th, the Dow Jones Industrial Average fell by 45.66 cents, or 0.03%, to 7753.31. The Nasdaq Composite Index fell by 181.878 points, or 0.01%, to 5683.373. In the Tokyo stock market on the 18th, while there is a conflict of opinions on the market's strength and weakness, selling pressure is expected as the Nikkei Stock Average handles selling in the mid-7000 yen range. However, the 75-day moving average line located around 7800 yen is seen as a defensive line, and there is a possibility of breaking below this level, making the price movement nervous.
In the U.S. stock market on the 17th, the Dow Jones Industrial Average fell by 45.66 cents, or 0.03%, to 7753.31. The Nasdaq Composite Index fell by 181.878 points, or 0.01%, to 5683.373. In the Tokyo stock market on the 18th, while there is a conflict of opinions on the market's strength and weakness, selling pressure is expected as the Nikkei Stock Average handles selling in the mid-7000 yen range. However, the 75-day moving average line located around 7800 yen is seen as a defensive line, and there is a possibility of breaking below this level, making the price movement nervous.
Top news
Federal Reserve Bank (FRB) quantitative tightening may end by 2025 - NY Fed presents two scenarios.
The Federal Reserve Board (FRB) may stop its balance sheet reduction by 2025, according to the New York Fed's forecast.
The yen is trading in the mid-154 yen range, stopping the 34-year low updates due to concerns about yen depreciation and a decline in U.S. interest rates.
On the morning of the 18th, the exchange rate of the yen in the Tokyo foreign exchange market was slightly up from the previous day's evening at around 154 yen to the dollar. The overseas time saw a risk-averse movement due to exchange rate discussions at the Japan-US-Korea finance ministers' meeting, stock market declines, and lower interest rates in the US, all of which became factors for yen buying, halting the yen's decline to a 34-year low. Concerns about a weaker yen are expected to reinforce intervention vigilance on the US side, likely providing support for the yen as it approaches the psychological milestone of 155 yen.
NY Stock Market Highlights: Selling pressure in semiconductor-related stocks spilled over from the opposite shore, prompting a correction of over-optimistic expectations.
In the US stock market on the 17th, selling in semiconductor-related stocks was prominent. The earnings announcement from the Netherlands' major semiconductor manufacturing equipment company, $ASML Holding (ASML.US)$
Related articles:ASML, orders for January-March were below expectations - demand for cutting-edge equipment is sluggish
EU to shelve formal investigation of Microsoft - massive investment in OpenAI
US software giant $Arm Holdings (ARM.US)$ The $13 billion investment in OpenAI by sea is expected to avoid a formal investigation by the European Union (EU) competition division, according to multiple sources.
Related articles:Microsoft's AI tool, Copilot, brings about a revolution in the way coders work.
Federal Reserve Bank (FRB) quantitative tightening may end by 2025 - NY Fed presents two scenarios.
The Federal Reserve Board (FRB) may stop its balance sheet reduction by 2025, according to the New York Fed's forecast.
The yen is trading in the mid-154 yen range, stopping the 34-year low updates due to concerns about yen depreciation and a decline in U.S. interest rates.
On the morning of the 18th, the exchange rate of the yen in the Tokyo foreign exchange market was slightly up from the previous day's evening at around 154 yen to the dollar. The overseas time saw a risk-averse movement due to exchange rate discussions at the Japan-US-Korea finance ministers' meeting, stock market declines, and lower interest rates in the US, all of which became factors for yen buying, halting the yen's decline to a 34-year low. Concerns about a weaker yen are expected to reinforce intervention vigilance on the US side, likely providing support for the yen as it approaches the psychological milestone of 155 yen.
NY Stock Market Highlights: Selling pressure in semiconductor-related stocks spilled over from the opposite shore, prompting a correction of over-optimistic expectations.
In the US stock market on the 17th, selling in semiconductor-related stocks was prominent. The earnings announcement from the Netherlands' major semiconductor manufacturing equipment company, $ASML Holding (ASML.US)$
Related articles:ASML, orders for January-March were below expectations - demand for cutting-edge equipment is sluggish
EU to shelve formal investigation of Microsoft - massive investment in OpenAI
US software giant $Arm Holdings (ARM.US)$ The $13 billion investment in OpenAI by sea is expected to avoid a formal investigation by the European Union (EU) competition division, according to multiple sources.
Related articles:Microsoft's AI tool, Copilot, brings about a revolution in the way coders work.
LME copper is rising, with a recovery in risk-taking, and other nonferrous metals are also high.
Copper prices on the London Metal Exchange (LME) rose on the 17th. Risk preference in the world's financial markets is strengthening, and warnings about the tight supply of copper are repeatedly emerging.
Under pressure, NY crude oil saw increased selling pressure in anticipation of Israel's counteroffensive adjustment.
New York crude oil futures continued to fall. Pending Israel's counterattack against Iran, profit-taking sales have gained the upper hand for now. Although Israel's Netanyahu government has shown its intention to counter, it remains unclear whether it will raise tensions in the Middle East, stimulating Iran.
Related articles:The natural gas price is rising due to the risk of supply disruption caused by the worsening Middle East situation.
Copper prices on the London Metal Exchange (LME) rose on the 17th. Risk preference in the world's financial markets is strengthening, and warnings about the tight supply of copper are repeatedly emerging.
Under pressure, NY crude oil saw increased selling pressure in anticipation of Israel's counteroffensive adjustment.
New York crude oil futures continued to fall. Pending Israel's counterattack against Iran, profit-taking sales have gained the upper hand for now. Although Israel's Netanyahu government has shown its intention to counter, it remains unclear whether it will raise tensions in the Middle East, stimulating Iran.
Related articles:The natural gas price is rising due to the risk of supply disruption caused by the worsening Middle East situation.
The weight-loss medication from US pharmaceutical company Eli Lilly is also effective for sleep apnea.
The US pharmaceutical giant $Eli Lilly and Co (LLY.US)$ announced on the 17th that it has confirmed through late-stage clinical trials that the obesity treatment drug 'Zepbound' (generic name: chlasepatide) is effective in reducing respiratory disorders that occur during sleep. There is a possibility that it may have led to improvement of symptoms through weight loss effects of medication, which are more likely to occur in obese individuals.
The US pharmaceutical giant $Eli Lilly and Co (LLY.US)$ announced on the 17th that it has confirmed through late-stage clinical trials that the obesity treatment drug 'Zepbound' (generic name: chlasepatide) is effective in reducing respiratory disorders that occur during sleep. There is a possibility that it may have led to improvement of symptoms through weight loss effects of medication, which are more likely to occur in obese individuals.
Foreign exchange
Key Market Events
![[Morning report] Selling pressure on semiconductor-related stocks, pushing for revisions ahead of expectations, and LME copper rising - other nonferrous metals ...](https://sgsnsimg.moomoo.com/sns_client_feed/181250687/20240418/98ed0dd0c531b966b0fef1c817a6b0e4.png/big?area=105&is_public=true)
Source: Dow Jones, MINKABU, Bloomberg, The Nikkei, Wealth Advisor, Fisco
![[Morning report] Selling pressure on semiconductor-related stocks, pushing for revisions ahead of expectations, and LME copper rising - other nonferrous metals ...](https://sgsnsimg.moomoo.com/sns_client_feed/181250687/20240418/1713395792142-6c714cd87d.png/big?area=105&is_public=true)
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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