Morning Report: Stock sell-off, government bond buying, ¥149 range, risk aversion due to economic concerns. Amazon fell and Apple rose in after-hours trading, responding to earnings.
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Here are the key points of the morning report today.
Tokyo stock market expected range: ¥680,000-¥750,000 (Closing price on the 1st: ¥812,633)
Risks are being avoided due to concerns about economic downturn, with selling of stocks and buying of government bonds.
US ISM Manufacturing index / June construction spending lower than expected, leading to more dollar selling pressure.
US July employment statistics leading indicators suggest a slowdown in the labor market.
Amazon fell by 5% after hours as operating profit outlook falls below expectations, heavy investment in AI.
Apple's earnings drive a slight increase after hours, with strong iPad sales but lackluster performance in the China market.
Intel dropped 20% after hours due to lower revenue forecast, announcing dividend suspension and large-scale employee reductions.
What are the important events to watch for American stocks in August? Including Nvidia and Apple's earnings announcements, FOMC meeting minutes, Jackson Hole Symposium, etc.
· Yesterday's 'bought stocks!' summary -What stocks are expected to continue? -Japanese stocks
－moomoo News Amelia
Risks are being avoided due to concerns about economic downturn, with selling of stocks and buying of government bonds.
US ISM Manufacturing index / June construction spending lower than expected, leading to more dollar selling pressure.
US July employment statistics leading indicators suggest a slowdown in the labor market.
Amazon fell by 5% after hours as operating profit outlook falls below expectations, heavy investment in AI.
Apple's earnings drive a slight increase after hours, with strong iPad sales but lackluster performance in the China market.
Intel dropped 20% after hours due to lower revenue forecast, announcing dividend suspension and large-scale employee reductions.
What are the important events to watch for American stocks in August? Including Nvidia and Apple's earnings announcements, FOMC meeting minutes, Jackson Hole Symposium, etc.
· Yesterday's 'bought stocks!' summary -What stocks are expected to continue? -Japanese stocks
－moomoo News Amelia
Market Overview
In the U.S. stock market on August 1st, the Dow Jones Industrial Average fell 494.82 cents compared to the previous trading day, closing at 34,797.97, a third consecutive decline. The Nasdaq Composite Index fell 405.255 points to 14,194.145. The Tokyo stock market on August 2nd is likely to continue its sharp decline amidst increased risk aversion, with a potential drop below the 10,000 yen level, breaking through the 7,000 yen range in one go.
Top News
Risk aversion and selling stocks while buying government bonds due to concerns about the economy.
Ahead of the U.S. employment statistics on August 2nd, indicators signaling uncertainty in the future of the U.S. economy spread, leading to increased risk aversion. Long-term interest rates fell below 4% due to the purchase of government bonds, the Nasdaq index fell 2% due to the selling of risk assets, and the SOX index fell 7% after rising 13% the previous day. $NVIDIA (NVDA.US)$However, it turned around and fell by 7%. In terms of industries, semiconductors were generally weak. Defensive sectors such as utilities, household products, and personal products saw an opposite increase.
(Related articles:"God of investment in Capitol Hill" plays another divine hand! What will happen to NVIDIA's "roller coaster" market?）
In addition, the July ADP Employment Report, an leading indicator of employment statistics, increased by 0.122 million people, the lowest growth since January. If the labor market slows down, the probability of interest rate cuts will increase, but rapid deceleration raises concerns about a recession. Attention is focused on tonight's employment report.
In the U.S. stock market on August 1st, the Dow Jones Industrial Average fell 494.82 cents compared to the previous trading day, closing at 34,797.97, a third consecutive decline. The Nasdaq Composite Index fell 405.255 points to 14,194.145. The Tokyo stock market on August 2nd is likely to continue its sharp decline amidst increased risk aversion, with a potential drop below the 10,000 yen level, breaking through the 7,000 yen range in one go.
Top News
Risk aversion and selling stocks while buying government bonds due to concerns about the economy.
Ahead of the U.S. employment statistics on August 2nd, indicators signaling uncertainty in the future of the U.S. economy spread, leading to increased risk aversion. Long-term interest rates fell below 4% due to the purchase of government bonds, the Nasdaq index fell 2% due to the selling of risk assets, and the SOX index fell 7% after rising 13% the previous day. $NVIDIA (NVDA.US)$However, it turned around and fell by 7%. In terms of industries, semiconductors were generally weak. Defensive sectors such as utilities, household products, and personal products saw an opposite increase.
(Related articles:"God of investment in Capitol Hill" plays another divine hand! What will happen to NVIDIA's "roller coaster" market?）
In addition, the July ADP Employment Report, an leading indicator of employment statistics, increased by 0.122 million people, the lowest growth since January. If the labor market slows down, the probability of interest rate cuts will increase, but rapid deceleration raises concerns about a recession. Attention is focused on tonight's employment report.
US ISM Manufacturing PMI/June Construction Spending, below expectations, favoring selling the dollar
The July ISM Manufacturing PMI came in at 46.8, worse than the expected improvement from 48.5 in June. It fell below the 50 threshold that separates expansion from contraction for the fourth consecutive month. In response to the lower-than-expected result, the US bond market continued to rally. The USD/JPY exchange rate stood at around 149 yen.
US leading indicators for employment statistics in July suggest a slowdown in the labor market
Ahead of the release of the July employment statistics, leading indicators of employment suggest a slowdown in the labor market. If the employment statistics confirm a slowdown in the labor market, the market will have even more confidence in an interest rate cut by the Federal Reserve in the September FOMC meeting. At the same time, speculation has arisen that the rapid slowdown in the economy could force the Federal Reserve to make a significant rate cut.
Amazon fell 5% after-hours, as its projected operating profit fell short of expectations, weighed down by investments in AI.
$Amazon (AMZN.US)$fell after-hours. After the closing bell, it announced its financial results for Q2, reporting better-than-expected earnings per share and 10% higher revenue than expected. Amazon Web Services (AWS), its cloud business, also exceeded revenue expectations with a 19% increase. However, the strong performance of AWS was offset by weakness in the e-commerce business, with sales from seller services and advertising falling short of expectations.
Apple rose slightly after earnings, with strong iPad sales but a lackluster performance in the Chinese market.
$Apple (AAPL.US)$rose slightly after-hours. After the closing bell, it announced its financial results for Q2, reporting higher-than-expected earnings per share and revenue. While iPhone sales declined to $39.3 billion, it exceeded expectations.
The July ISM Manufacturing PMI came in at 46.8, worse than the expected improvement from 48.5 in June. It fell below the 50 threshold that separates expansion from contraction for the fourth consecutive month. In response to the lower-than-expected result, the US bond market continued to rally. The USD/JPY exchange rate stood at around 149 yen.
US leading indicators for employment statistics in July suggest a slowdown in the labor market
Ahead of the release of the July employment statistics, leading indicators of employment suggest a slowdown in the labor market. If the employment statistics confirm a slowdown in the labor market, the market will have even more confidence in an interest rate cut by the Federal Reserve in the September FOMC meeting. At the same time, speculation has arisen that the rapid slowdown in the economy could force the Federal Reserve to make a significant rate cut.
Amazon fell 5% after-hours, as its projected operating profit fell short of expectations, weighed down by investments in AI.
$Amazon (AMZN.US)$fell after-hours. After the closing bell, it announced its financial results for Q2, reporting better-than-expected earnings per share and 10% higher revenue than expected. Amazon Web Services (AWS), its cloud business, also exceeded revenue expectations with a 19% increase. However, the strong performance of AWS was offset by weakness in the e-commerce business, with sales from seller services and advertising falling short of expectations.
Apple rose slightly after earnings, with strong iPad sales but a lackluster performance in the Chinese market.
$Apple (AAPL.US)$rose slightly after-hours. After the closing bell, it announced its financial results for Q2, reporting higher-than-expected earnings per share and revenue. While iPhone sales declined to $39.3 billion, it exceeded expectations.
Intel fell 20% after earnings, as its projected revenue fell short of expectations. It also announced a suspension of dividends and significant workforce reduction.
$Intel (INTC.US)$fell significantly after-hours. After the closing bell, it announced its financial results for Q2, reporting lower-than-expected earnings per share and revenue.
$Intel (INTC.US)$fell significantly after-hours. After the closing bell, it announced its financial results for Q2, reporting lower-than-expected earnings per share and revenue.
Digest of earnings of other major US stocks
・ $MARA Holdings (MARA.US)$, revenue increased in the April-June quarter, operating losses expanded.
・ $The AES Corp (AES.US)$, revenue decreased in the April-June quarter, turned into a final profit.
・ $Coinbase (COIN.US)$, revenue increased in the April-June quarter, turned into an operating profit.
・ $Monolithic Power Systems (MPWR.US)$, revenue increased in the April-June quarter, operating income increased.
What important events should we pay attention to in August for US stocks? This includes Nvidia and Apple earnings reports, FOMC meeting minutes, and the Jackson Hole Symposium.
Stocks that were bought the previous day! - Which stocks are expected today? -
$Hitachi (6501.JP)$and $Advantest (6857.JP)$、 $SBI Sumishin Net Bank (7163.JP)$、 $Toei Animation (4816.JP)$ 、 $Socionext (6526.JP)$etc
Tokyo stock market outlook
Stock market outlook for the 2nd day = Continued sharp decline, breaking below the 37,000 yen level at once.
・ $MARA Holdings (MARA.US)$, revenue increased in the April-June quarter, operating losses expanded.
・ $The AES Corp (AES.US)$, revenue decreased in the April-June quarter, turned into a final profit.
・ $Coinbase (COIN.US)$, revenue increased in the April-June quarter, turned into an operating profit.
・ $Monolithic Power Systems (MPWR.US)$, revenue increased in the April-June quarter, operating income increased.
What important events should we pay attention to in August for US stocks? This includes Nvidia and Apple earnings reports, FOMC meeting minutes, and the Jackson Hole Symposium.
Stocks that were bought the previous day! - Which stocks are expected today? -
$Hitachi (6501.JP)$and $Advantest (6857.JP)$、 $SBI Sumishin Net Bank (7163.JP)$、 $Toei Animation (4816.JP)$ 、 $Socionext (6526.JP)$etc
Tokyo stock market outlook
Stock market outlook for the 2nd day = Continued sharp decline, breaking below the 37,000 yen level at once.
foreign exchange
Key Market Events
Source: Dow Jones, MINKABU, Bloomberg, Wealth Advisor, Fisco
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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