Early morning report: Decrease in pessimism about the US economy, Biden's struggles, according to the WSJ survey. Tesla offers further discounts in China, intensifying the price competition with BYD.
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Here are the key points of the early morning report today.
Expected range for Tokyo stock market: 98,000 - 103,000 yen (closing price on the 1st: 99,100.82 yen)
Decrease in pessimism about the US economy, Biden's support is struggling, according to the WSJ survey.
There is also a view that there will be no US interest rate cut this year.
Mask sues OpenAI Return to the origin!
Tesla further reduces prices in China, intensifying price competition with BYD.
Apple is weak after hours and is excluded from Conviction List by a major US securities firm.
moomoo News Mark
Expected range for Tokyo stock market: 98,000 - 103,000 yen (closing price on the 1st: 99,100.82 yen)
Decrease in pessimism about the US economy, Biden's support is struggling, according to the WSJ survey.
There is also a view that there will be no US interest rate cut this year.
Mask sues OpenAI Return to the origin!
Tesla further reduces prices in China, intensifying price competition with BYD.
Apple is weak after hours and is excluded from Conviction List by a major US securities firm.
moomoo News Mark
Market Overview
In the US stock market on the 1st, the Dow Jones Industrial Average continued to rise, closing at $9098.38, up $90.99 or 0.03% from the previous trading day. The Nasdaq Composite Index was 6274.942, up 183.020 points or 0.01%. On the 4th, the Tokyo stock market is expected to have a wide range of buying dominance, centered on semiconductor-related and high-tech stocks, and the Nikkei Stock Average is likely to continue to rise.
In the US stock market on the 1st, the Dow Jones Industrial Average continued to rise, closing at $9098.38, up $90.99 or 0.03% from the previous trading day. The Nasdaq Composite Index was 6274.942, up 183.020 points or 0.01%. On the 4th, the Tokyo stock market is expected to have a wide range of buying dominance, centered on semiconductor-related and high-tech stocks, and the Nikkei Stock Average is likely to continue to rise.
Top News
The pessimistic view of the US economy is retreating, and support for Mr. Biden is struggling to grow, according to a new survey by the Wall Street Journal (WSJ). However, despite these positive trends, President Joe Biden's approval rating remains only slightly improved.
A new opinion poll by the Wall Street Journal (WSJ) has revealed that the pessimistic view regarding the economy among US voters is declining. However, despite these positive trends, President Joe Biden's evaluation has only slightly improved.
The pessimistic view of the US economy is retreating, and support for Mr. Biden is struggling to grow, according to a new survey by the Wall Street Journal (WSJ). However, despite these positive trends, President Joe Biden's approval rating remains only slightly improved.
A new opinion poll by the Wall Street Journal (WSJ) has revealed that the pessimistic view regarding the economy among US voters is declining. However, despite these positive trends, President Joe Biden's evaluation has only slightly improved.
There are also opinions that there will be no US interest rate cuts this year.
There are opinions from economists that there will be no US interest rate cuts this year. It is suggested that the rise in underlying inflation overlaps with the re-acceleration of US growth, making it impossible to lower interest rates in 2024. The Federal Reserve Bank (FRB) is expected to spend most of this year fighting inflation.
There are opinions from economists that there will be no US interest rate cuts this year. It is suggested that the rise in underlying inflation overlaps with the re-acceleration of US growth, making it impossible to lower interest rates in 2024. The Federal Reserve Bank (FRB) is expected to spend most of this year fighting inflation.
The revised value of the US Manufacturing PMI for February was 52.2.
The revised value of the US Manufacturing PMI for February, announced at 11:45 PM Japan time on the 1st, exceeded expectations and reached 52.2.
The revised value of the US Manufacturing PMI for February, announced at 11:45 PM Japan time on the 1st, exceeded expectations and reached 52.2.
Mr. Musk sues OpenAI: return to the origin!
$Tesla (TSLA.US)$Mr. Musk, the CEO of Tesla, has sued OpenAI, accusing the company of violating the agreement made in 2015, when OpenAI's CEO, Mr. Altman, established a non-profit research institute to develop artificial intelligence (AI) for the benefit of humanity. Mr. Musk co-founded OpenAI with Mr. Altman about 10 years ago.
$Tesla (TSLA.US)$Mr. Musk, the CEO of Tesla, has sued OpenAI, accusing the company of violating the agreement made in 2015, when OpenAI's CEO, Mr. Altman, established a non-profit research institute to develop artificial intelligence (AI) for the benefit of humanity. Mr. Musk co-founded OpenAI with Mr. Altman about 10 years ago.
Tesla, further price cuts in China intensify competition with BYD.
$Tesla (TSLA.US)$On the 1st, it was announced that buyers of existing inventory of Model 3 and Model Y can receive incentives and discounts of several thousand dollars. $BYD COMPANY (01211.HK)$As competition on prices with EV manufacturers in China intensifies, this becomes a new initiative.
$Tesla (TSLA.US)$On the 1st, it was announced that buyers of existing inventory of Model 3 and Model Y can receive incentives and discounts of several thousand dollars. $BYD COMPANY (01211.HK)$As competition on prices with EV manufacturers in China intensifies, this becomes a new initiative.
Apple weakens after hours, removed from the conviction list by a major US securities firm.
$Apple (AAPL.US)$Weak performance after hours. The same securities firm has removed the stock from the conviction list. However, the investment rating remains 'buy' and the target stock price has been raised from $223 to $232. A securities firm removes a stock from the conviction list when it determines that the stock is no longer a top investment idea in terms of overall coverage of US stocks.
$Apple (AAPL.US)$Weak performance after hours. The same securities firm has removed the stock from the conviction list. However, the investment rating remains 'buy' and the target stock price has been raised from $223 to $232. A securities firm removes a stock from the conviction list when it determines that the stock is no longer a top investment idea in terms of overall coverage of US stocks.
Tokyo Stock Market Outlook
Outlook for stock market on the 4th = continuing risk-on sentiment, aiming for the 40,000 yen mark.
Outlook for stock market on the 4th = continuing risk-on sentiment, aiming for the 40,000 yen mark.
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Key Market Events
Source: Dow Jones, MINKABU, Fisco, Wealth Advisor
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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