【Morning News】Divergent opinions among officials on the extent of the interest rate cut in September = FOMC meeting minutes. Will disney's performance be affected by the successive hurricanes?
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Here are the key points of the early morning news today.
Tokyo stock market forecast range: ¥920,000-¥980,000 on September 9th closing price of ¥927,796.
Divergent views among officials on the extent of the interest rate cut in September=FOMC minutes.
FRB to take action in stages=President of the Federal Reserve Bank of Dallas.
Strong dollar buying sentiment, Dollar/Yen also rebounds to the 149 yen range. Possibility that several members supported a normal rate cut in the minutes=NY foreign exchange market overview.
NVIDIA stock approaching record highs ahead of high-tech company earnings reports.
Disney theme parks may face financial impact from consecutive hurricanes.
Honda recalling approximately 1.7 million vehicles in the US due to steering issues.
McDonald's sales recovery in the US hinges on the $5 menu.
●ADR Japanese Stock Rankings~ Mizuho Financial Group, etc. generally favored for buying, Chicago at 39,665 yen, 375 yen higher than Osaka~
moomoo News Kei
Tokyo stock market forecast range: ¥920,000-¥980,000 on September 9th closing price of ¥927,796.
Divergent views among officials on the extent of the interest rate cut in September=FOMC minutes.
FRB to take action in stages=President of the Federal Reserve Bank of Dallas.
Strong dollar buying sentiment, Dollar/Yen also rebounds to the 149 yen range. Possibility that several members supported a normal rate cut in the minutes=NY foreign exchange market overview.
NVIDIA stock approaching record highs ahead of high-tech company earnings reports.
Disney theme parks may face financial impact from consecutive hurricanes.
Honda recalling approximately 1.7 million vehicles in the US due to steering issues.
McDonald's sales recovery in the US hinges on the $5 menu.
●ADR Japanese Stock Rankings~ Mizuho Financial Group, etc. generally favored for buying, Chicago at 39,665 yen, 375 yen higher than Osaka~
moomoo News Kei
Market Overview
◇U.S. stock market continues to rise. Dow and S&P 500 index hit record highs. S&P 500 index hit a new high for the 44th time this year based on closing prices.
◇By sector, property management and development, technology hardware and equipment rose while utilities industry declined.
◇On the 10th, ahead of the U.S. Consumer Price Index (CPI) and weekly jobless claims data, as well as the upcoming earnings reports of major banks starting from the 11th.
◇On the 10th, Tokyo stock market continued to be dominated by a broad buying trend, including leading stocks, with a high likelihood of the Nikkei average stock price continuing to rise. Emphasis is expected in the late 90,000 yen range, and it is anticipated that there may be moments where the market even targets the 100,000 yen mark during trading hours led by futures.
◇By sector, property management and development, technology hardware and equipment rose while utilities industry declined.
◇On the 10th, ahead of the U.S. Consumer Price Index (CPI) and weekly jobless claims data, as well as the upcoming earnings reports of major banks starting from the 11th.
◇On the 10th, Tokyo stock market continued to be dominated by a broad buying trend, including leading stocks, with a high likelihood of the Nikkei average stock price continuing to rise. Emphasis is expected in the late 90,000 yen range, and it is anticipated that there may be moments where the market even targets the 100,000 yen mark during trading hours led by futures.
Top news
Disagreement among officials over the magnitude of the US interest rate cut in September = FOMC meeting minutes
On the 9th, the Federal Reserve Board (FRB) released the minutes of the Federal Open Market Committee (FOMC) meeting held on September 17-18. It was revealed that there were differing opinions regarding the extent of the interest rate cut decided at the September FOMC meeting, with a majority supporting the 0.5 point significant cut while there were also arguments in favor of a smaller 0.25 point reduction.
Disagreement among officials over the magnitude of the US interest rate cut in September = FOMC meeting minutes
On the 9th, the Federal Reserve Board (FRB) released the minutes of the Federal Open Market Committee (FOMC) meeting held on September 17-18. It was revealed that there were differing opinions regarding the extent of the interest rate cut decided at the September FOMC meeting, with a majority supporting the 0.5 point significant cut while there were also arguments in favor of a smaller 0.25 point reduction.
FRB, gradual actions = Dallas Federal Reserve President
Dallas Federal Reserve President Robert Kaplan cautioned in a speech on the 9th that if monetary easing is rushed, it could lead to excessive total demand, risking a resurgence of inflation.InflationTo re-ignite inflation.
Dallas Federal Reserve President Robert Kaplan cautioned in a speech on the 9th that if monetary easing is rushed, it could lead to excessive total demand, risking a resurgence of inflation.InflationTo re-ignite inflation.
Dollar buying dominance, USD/JPY also rebounded to the 149 yen range. Several individuals in the meeting minutes may have supported a regular interest rate cut = NY exchange rate overview.
With dollar buying dominance resurfacing, the Dollar-Yen also rallied to the 149 yen level. In the afternoon, the minutes of the September FOMC meeting were released, indicating that while a few supported a 0.25% point rate cut, ultimately they cast affirmative votes for a significant rate cut in line with the majority. Only Bowman, an FRB board member, opposed until the end.
With dollar buying dominance resurfacing, the Dollar-Yen also rallied to the 149 yen level. In the afternoon, the minutes of the September FOMC meeting were released, indicating that while a few supported a 0.25% point rate cut, ultimately they cast affirmative votes for a significant rate cut in line with the majority. Only Bowman, an FRB board member, opposed until the end.
Nvidia's stock price approaches an all-time high ahead of the earnings reports of high-tech companies.
● $NVIDIA (NVDA.US)$As the earnings season of technology companies approaches, the stock price is approaching an all-time high.
● The company's stock more than tripled in 2023 and has risen by over 165% this year.
● CNBC introduced the view of Mizuho Securities that 'NVIDIA continues to lead in AI training and inference chips for data center applications.' Analysts noted in a memo on Wednesday that the company's market share is estimated to be about 95%. The target price for the company's stockis about 95%.The target price for the company's stock140 dollarsHighlighting risks such as the expansion of export restrictions to China, geopolitical tensions surrounding Taiwan, and a significant decrease in spending on AI servers.
● $NVIDIA (NVDA.US)$As the earnings season of technology companies approaches, the stock price is approaching an all-time high.
● The company's stock more than tripled in 2023 and has risen by over 165% this year.
● CNBC introduced the view of Mizuho Securities that 'NVIDIA continues to lead in AI training and inference chips for data center applications.' Analysts noted in a memo on Wednesday that the company's market share is estimated to be about 95%. The target price for the company's stockis about 95%.The target price for the company's stock140 dollarsHighlighting risks such as the expansion of export restrictions to China, geopolitical tensions surrounding Taiwan, and a significant decrease in spending on AI servers.
Will Disney's theme parks be affected by the successive hurricanes?
Analysts at Raymond James are discussing the leading U.S. entertainment and media giant. $Disney (DIS.US)$They mentioned that hurricanes 'Helene' and 'Milton' are likely to have a significant impact on performance. Analysts expect 'Helene' to affect the performance of the fourth quarter of 2024 (July-September) and 'Milton' to affect the first quarter of 2025 (October-December).
Analysts at Raymond James are discussing the leading U.S. entertainment and media giant. $Disney (DIS.US)$They mentioned that hurricanes 'Helene' and 'Milton' are likely to have a significant impact on performance. Analysts expect 'Helene' to affect the performance of the fourth quarter of 2024 (July-September) and 'Milton' to affect the first quarter of 2025 (October-December).
Honda recalls about 1.7 million units in the U.S. due to steering defects.
The U.S. Department of Transportation's National Highway Traffic Safety Administration (NHTSA) announced on the 9th that $Honda Motor (7267.JP)$about 1.7 million vehicles are being recalled due to steering gear box issues in some models, posing a collision risk.
The U.S. Department of Transportation's National Highway Traffic Safety Administration (NHTSA) announced on the 9th that $Honda Motor (7267.JP)$about 1.7 million vehicles are being recalled due to steering gear box issues in some models, posing a collision risk.
UBSのアナリストらは米ファストフード大手 $McDonald's (MCD.US)$について、ここのところの勢いを背景に、2024年の残りの期間と25年にかけて米国の売上高が改善する態勢が整いつつあると述べた。
foreign exchange
Main Market Events
Source: Dow Jones, MINKABU, Fisco, Bloomberg, Wealth Adviser, moomoo
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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