[Morning Report] US Consumers Shrink Savings During Pandemic Period - Key to Avoiding Recession China Urges Financial Institution Executives to Expand Loans
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Here are the key points of this morning's first report.
● [Tokyo Stock Exchange Rate Forecast Range] 31,300 yen - 33,600 yen
● US consumers reduce savings during the pandemic period - whether to avoid a recession holds the key
● US mortgage interest rates rise to 8% are also predicted by economists
● Global semiconductor investment falls for the first time in 4 years and competition attracts concerns about oversupply
● China urges financial institution executives to expand loans - to reduce local debt risks
●When can I start using Eisai dementia medicine? Ministry of Health, Labor, and Welfare subcommittee deliberation on the 21st
● Wages in the construction industry, if they are too low, administrative guidance, and the Ministry of Land, Transport and Tourism due to the 24-year issue
ー MooMoo News Mark
● [Tokyo Stock Exchange Rate Forecast Range] 31,300 yen - 33,600 yen
● US consumers reduce savings during the pandemic period - whether to avoid a recession holds the key
● US mortgage interest rates rise to 8% are also predicted by economists
● Global semiconductor investment falls for the first time in 4 years and competition attracts concerns about oversupply
● China urges financial institution executives to expand loans - to reduce local debt risks
●When can I start using Eisai dementia medicine? Ministry of Health, Labor, and Welfare subcommittee deliberation on the 21st
● Wages in the construction industry, if they are too low, administrative guidance, and the Ministry of Land, Transport and Tourism due to the 24-year issue
ー MooMoo News Mark
Market Overview
In the US stock market on the 18th, the NY Dow Jones Industrial Average rebounded for the first time in 4 days at 34,500 dollars 66 cents, which was 25 dollars 83 cents higher than the previous business day. The Nasdaq Composite Stock Price Index was 13,290.776, down 26.156 points from the same period. Is the Tokyo stock market developing on the 21st lacking a sense of direction?
In the US stock market on the 18th, the NY Dow Jones Industrial Average rebounded for the first time in 4 days at 34,500 dollars 66 cents, which was 25 dollars 83 cents higher than the previous business day. The Nasdaq Composite Stock Price Index was 13,290.776, down 26.156 points from the same period. Is the Tokyo stock market developing on the 21st lacking a sense of direction?
Top news
U.S. Consumers Cut Savings During the Pandemic Period - Whether to Avoid Recession or Not Hold Key
Surplus funds stored by American consumers during the novel coronavirus pandemic (global pandemic) are declining. How consumers respond to this is likely to determine whether the United States, which is the largest economy in the world, can avoid a recession (recession).
U.S. Consumers Cut Savings During the Pandemic Period - Whether to Avoid Recession or Not Hold Key
Surplus funds stored by American consumers during the novel coronavirus pandemic (global pandemic) are declining. How consumers respond to this is likely to determine whether the United States, which is the largest economy in the world, can avoid a recession (recession).
US mortgage interest rates to rise to 8% are also predicted by economists
Interest rates on 30-year US mortgages (fixed interest rate type) have exceeded 7%. The three economists told Market Watch that if the US economy maintains strong performance and the Federal Reserve (Fed) raises policy interest rates once again, there is a possibility that mortgage interest rates will rise to 8%.
Interest rates on 30-year US mortgages (fixed interest rate type) have exceeded 7%. The three economists told Market Watch that if the US economy maintains strong performance and the Federal Reserve (Fed) raises policy interest rates once again, there is a possibility that mortgage interest rates will rise to 8%.
Global semiconductor investment falls for the first time in 4 years and competition attracts concerns about oversupply
The brakes are on semiconductor equipment investment. The investment amount of the world's top 10 companies in fiscal 2023 is expected to decline for the first time in 4 years to 122 billion dollars (about 17.5 trillion yen), down 16% from the previous fiscal year. The factory construction rush continued due to government-led investment attraction looking at future growth expectations, but each company is cautious about investing due to concerns about a slowdown in the Chinese economy. Currently, downward pressure is working on prices.
The brakes are on semiconductor equipment investment. The investment amount of the world's top 10 companies in fiscal 2023 is expected to decline for the first time in 4 years to 122 billion dollars (about 17.5 trillion yen), down 16% from the previous fiscal year. The factory construction rush continued due to government-led investment attraction looking at future growth expectations, but each company is cautious about investing due to concerns about a slowdown in the Chinese economy. Currently, downward pressure is working on prices.
China urges financial institution executives to expand loans - to reduce local debt risks
China's central bank and financial regulators met with bank executives and requested that loans be increased to support economic recovery. According to the statement of the People's Bank of China (central bank) on the 20th, a meeting was held on the 18th where the authorities and the financial industry discussed measures to prevent and reduce regional government debt risks.
China's central bank and financial regulators met with bank executives and requested that loans be increased to support economic recovery. According to the statement of the People's Bank of China (central bank) on the 20th, a meeting was held on the 18th where the authorities and the financial industry discussed measures to prevent and reduce regional government debt risks.
Arm's sales fell 1% last year - draft NASDAQ listing application
At the British semiconductor design company Arm, which is preparing for an initial public offering (IPO), which seems to be the largest this year, sales for the last fiscal year (ending at the end of March) fell by about 1%. It was clarified in the draft stock listing application document confirmed by Bloomberg.
At the British semiconductor design company Arm, which is preparing for an initial public offering (IPO), which seems to be the largest this year, sales for the last fiscal year (ending at the end of March) fell by about 1%. It was clarified in the draft stock listing application document confirmed by Bloomberg.
When can I start using Eisai dementia medicine? Ministry of Health, Labor, and Welfare subcommittee deliberation on the 21st
$Eisai (4523.JP)$and rice $Biogen (BIIB.US)$A specialized committee of the Ministry of Health, Labor, and Welfare will deliberate on whether to approve the Alzheimer's disease treatment drug “recanemab” jointly developed by on the 21st. In the US, it was officially approved in July, and it has already begun to be prescribed in medical settings.
$Eisai (4523.JP)$and rice $Biogen (BIIB.US)$A specialized committee of the Ministry of Health, Labor, and Welfare will deliberate on whether to approve the Alzheimer's disease treatment drug “recanemab” jointly developed by on the 21st. In the US, it was officially approved in July, and it has already begun to be prescribed in medical settings.
Wages in the construction industry, if they are too low, administrative guidance, and the Ministry of Land, Transport and Tourism due to the 24-year issue
The Ministry of Land, Infrastructure, Transport and Tourism establishes guidelines for labor costs that are the source of wages in the construction industry. Standard standards are shown for each job type, keeping in mind jumping jobs, rebar workers, etc. When a general contractor or the like sets a significantly lower unit price for a subcontractor, we will also examine a system where the country provides administrative guidance such as recommendations.
The Ministry of Land, Infrastructure, Transport and Tourism establishes guidelines for labor costs that are the source of wages in the construction industry. Standard standards are shown for each job type, keeping in mind jumping jobs, rebar workers, etc. When a general contractor or the like sets a significantly lower unit price for a subcontractor, we will also examine a system where the country provides administrative guidance such as recommendations.
Musk posts that X's “block” function will disappear - popular safety tool
The social media platform X (formerly Twitter) will abolish the function for users to block other accounts. The owner, Elon Musk, made it clear in a post to X on the 18th.
The social media platform X (formerly Twitter) will abolish the function for users to block other accounts. The owner, Elon Musk, made it clear in a post to X on the 18th.
Foreign substitutes
Distribution source: Dow Jones, MINKABU, Bloomberg, Nihon Keizai Shimbun, Weiss Advisors
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