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[Morning Report] US Federal Reserve leaves policy interest rates unchanged as expected, US stocks fall the biggest this year, rising to the latter half of the $1 = 146 yen range

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moomooニュース米国株 wrote a column · Feb 1 07:06
[Morning Report] US Federal Reserve leaves policy interest rates unchanged as expected, US stocks fall the biggest this year, rising to the latter half of the $...
Good morning to all Moomoo users!Here are the key points of this morning's first report.
● [Tokyo Stock Exchange Rate Forecast Range] 35,700 yen - 36,200 yen (1/31 closing price 36,286 yen 71 sen)
● US Federal Reserve leaves policy interest rate unchanged for 4 consecutive meetings as expected
● [US Market Conditions] Stocks fall the biggest this year, FOMC interest rate cuts are not in a hurry - around 147 yen
● US company financial results: $GOOGL.US$ $MSFT.US$ $BA.US$etc
● China repaints EV world power chart and BYD sales surpass Tesla
● Mr. Musk's new enemy is Delaware, judging that rewards are invalid - Tesla transfer suggested
● Trump will “definitely” block if he is elected - Nippon Steel's acquisition of US Steel
ー MooMoo News Mark
Market Overview
In the US stock market on the 31st, the NY Dow Jones Industrial Average fell 317 dollars 01 cents lower than the previous business day to 38,150 dollars 30 cents for the first time in 5 days. The Nasdaq Composite Stock Price Index fell 345.885 points to 15164.012. A wide range of profit-taking sales pressure surfaced in the Tokyo stock market on the 1st, starting with the main stocks, and there seems to be a high possibility that the Nikkei Stock Average will fall and break through the 36,000 yen range.
Top news
US Federal Reserve leaves policy interest rate unchanged for 4 consecutive meetings as expected
The US Federal Reserve (Fed) left the policy interest rate unchanged at the current 5.25 to 5.50% at the US Federal Open Market Committee (FOMC) held on January 31. The expression “interest rate cuts are not anticipated until we are further convinced that inflation will approach 2%” was added to the statement. It showed an attitude of tenaciously continuing financial tightening.
[US Market Conditions] Stocks fall the biggest this year, FOMC interest rate cuts are not in a hurry
The US stock exchange rate fell drastically on the 31st. The S&P 500 stock price index has been drastically low since September last year. It was sold mainly by large technology brands that have been the driving force behind the bull market. The parent company Alphabet of Microsoft and Google declined. The financial results announced by both companies after closing the day before seemed to disappoint investors who had expected results to rise quickly due to huge success with artificial intelligence (AI).
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The US-January Chicago Purchasing Department Association Business Climate Index (PMI), which was announced at 11:45 p.m. on the 31st Japan time, fell short of expectations to 46.0.
China repaints EV world power chart and BYD sales surpass Tesla
China became the world leader in automobile exports for the first time. China's automobile exports in 2023 surpassed Japan at 4.91 million units. Japan fell to the top position for the first time in 7 years. China is expanding its production scale with electric vehicles (EVs) and increasing its presence in overseas markets. The huge presence of China has begun to repaint the global EV power chart.
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Musk's New Enemy Is Delaware Judged to Invalidate Rewards - Tesla Transfer Suggests
American electric vehicle (EV) manufacturer, $TSLA.US$Chief Executive Officer Elon Musk (CEO) complained on social media and X (old Twitter) right after the Delaware court ruled that the total compensation plan of 55 billion dollars (about 8.12 trillion yen) was invalid. “You must never register a corporation in Delaware.”
Novo Nordisk is the largest in Europe with a total market capitalization of over 500 billion dollars
A major Danish pharmaceutical company, $NVO.US$The total market value of temporarily exceeded 500 billion dollars (about 73 trillion yen) on the 31st. The financial results for the fiscal year ending 2023/12 announced on the same day showed a significant increase in sales and profit, and stock prices also hit record highs. The drastic expansion in business performance due to the rapid increase in sales of obesity treatment drugs has been evaluated in the market.
Small to medium price transfer, Keidanren Chairman “fighting together” with the coalition
Chairman Ohashi Tetsuji of the Special Committee on Management and Labor Policy (Economic and Labor Commission) of the Keidanren Federation ( $Komatsu.JP$Chairman) responded to an interview with the Nihon Keizai Shimbun, etc. on 1/31. In connection with wage increases, they appealed to “fight together” with the labor community such as coalitions to transfer prices to small and medium-sized enterprises and improve treatment for irregular employment. It also showed the view that the success or failure of realizing drastic wage increases “will be a major turning point towards overcoming deflation.”
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The “6% standard” wage increase is important, real wage plus is the lowest - UA Chairman Zensen
Bank of Japan “has entered the stage of determining timing” for policy normalization - former Deputy Governor Nakaso
Trump will “definitely” block if he is elected - Nippon Steel's acquisition of US Steel
Former President Trump, who is leading the Republican Party candidate selection for the US presidential election in November, was a major US steel company by Nippon Steel on January 31 $X.US$Regarding the takeover plan, he expressed his intention to block it if he was elected.
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Forex
Key Market Events
[Morning Report] US Federal Reserve leaves policy interest rates unchanged as expected, US stocks fall the biggest this year, rising to the latter half of the $...
Distributor: Dow Jones, MINKABU, Bloomberg, Nihon Keizai Shimbun, Welshadvisor, Fisco
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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  • 181338057犬心久美子 : US Steel's takeover of a Japanese steel company... if Mr. TRUMP were president at the moment
    Stop it ❗️ Actually, I like Mr. TRUMP and I'm rooting for him 📣. It's just business-to-business transactions
    I wonder if I can stick it in my neck? If that's the case, people who are free now may be able to protest. Keep an eye out until the November 5 election.

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