[Morning Report] US Government Considers Raising Tariffs on Chinese Products Including EVs US GDP Revised Downward to 4.9% Increase in July-September
![[Morning Report] US Government Considers Raising Tariffs on Chinese Products Including EVs US GDP Revised Downward to 4.9% Increase in July-September](https://sgsnsimg.moomoo.com/feed_image/181250687/d3aa8ba135c9315c8a69fad00aab04ce.png/bigmoo)
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Here are the key points of this morning's first report.
● [Tokyo Stock Exchange Rate Forecast Range] 33,000 yen - 33,400 yen (closing price 33,140 yen 47 sen on the 21st)
● US Government Considers Raising Tariffs on Chinese Products Including EVs - Conclusion Early Next Year
● US GDP revised downward to 4.9% increase in July-September - consumption and inflation also declined
● US PCE inflation statistics, forecast showing that the FRB battle has almost come to an end
● Tesla, Norwegian authorities investigate suspension problems
● Will US housing construction stocks, which soared in 2023, remain strong next year - interest rate cuts as a tailwind
-MooMoo News Kathy
● [Tokyo Stock Exchange Rate Forecast Range] 33,000 yen - 33,400 yen (closing price 33,140 yen 47 sen on the 21st)
● US Government Considers Raising Tariffs on Chinese Products Including EVs - Conclusion Early Next Year
● US GDP revised downward to 4.9% increase in July-September - consumption and inflation also declined
● US PCE inflation statistics, forecast showing that the FRB battle has almost come to an end
● Tesla, Norwegian authorities investigate suspension problems
● Will US housing construction stocks, which soared in 2023, remain strong next year - interest rate cuts as a tailwind
-MooMoo News Kathy
Market Overview
In the US stock market on the 21st, the NY Dow Jones Industrial Average rebounded to 37,404 dollars 35 cents, which was 322 dollars 35 cents higher than the previous business day. The Nasdaq Composite Stock Price Index rose 185.923 points to 14,93.866. The Tokyo stock market on the 22nd was generally strong, and the Nikkei Stock Average seems to turn into a rebound.
In the US stock market on the 21st, the NY Dow Jones Industrial Average rebounded to 37,404 dollars 35 cents, which was 322 dollars 35 cents higher than the previous business day. The Nasdaq Composite Stock Price Index rose 185.923 points to 14,93.866. The Tokyo stock market on the 22nd was generally strong, and the Nikkei Stock Average seems to turn into a rebound.
Top news
US Government Considers Raising Tariffs on Chinese Products Including EVs - Conclusion Early Next Year
The US Biden administration is considering raising tariffs targeting Chinese electric vehicles (EVs) and other goods. Multiple stakeholders who are familiar with the situation have made it clear. It is said that the aim was to increase the competitiveness of US clean energy products.
Related articles:US “legacy semiconductors” are also searching for regulations against China, and the Department of Commerce is starting an investigation、The US government has begun an investigation into the separation between China and general semiconductors and EVs
US Government Considers Raising Tariffs on Chinese Products Including EVs - Conclusion Early Next Year
The US Biden administration is considering raising tariffs targeting Chinese electric vehicles (EVs) and other goods. Multiple stakeholders who are familiar with the situation have made it clear. It is said that the aim was to increase the competitiveness of US clean energy products.
Related articles:US “legacy semiconductors” are also searching for regulations against China, and the Department of Commerce is starting an investigation、The US government has begun an investigation into the separation between China and general semiconductors and EVs
US GDP revised downward to 4.9% increase in July-September - consumption and inflation also declined
The US economic growth rate for July-September (3rd quarter) was revised downward to 4.9% per annum compared to the previous fiscal year. Private consumption and inflation figures also fell.
Related articles:The US Leading Economic Index suggests the possibility of a shallow recession in the first 6 months of '24、The final US GDP value, which breaks the 200-day line again for the dollar and yen, was revised downward
The US economic growth rate for July-September (3rd quarter) was revised downward to 4.9% per annum compared to the previous fiscal year. Private consumption and inflation figures also fell.
Related articles:The US Leading Economic Index suggests the possibility of a shallow recession in the first 6 months of '24、The final US GDP value, which breaks the 200-day line again for the dollar and yen, was revised downward
US PCE inflation statistics are expected to show that the FRB battle has almost ended
The US inflation outlook had already been steadily improving in recent months, but that finally became certain during the two days of last week when the Federal Open Market Committee (FOMC) meeting was held.
The US inflation outlook had already been steadily improving in recent months, but that finally became certain during the two days of last week when the Federal Open Market Committee (FOMC) meeting was held.
Norwegian authorities investigate Tesla suspension problems
Major US electric vehicle (EV) company $Tesla(TSLA.US$A recall (free collection/repair) targeting 2 million units or more was reported this month due to an autonomous driving support system issue, but there is a possibility that it will also be recalled in Norway.
Related articles:Wood's flagship ETF buys Tesla shares again
Major US electric vehicle (EV) company $Tesla(TSLA.US$A recall (free collection/repair) targeting 2 million units or more was reported this month due to an autonomous driving support system issue, but there is a possibility that it will also be recalled in Norway.
Related articles:Wood's flagship ETF buys Tesla shares again
Will US housing construction stocks, which soared in 2023, remain strong next year - interest rate cuts are the tailwind
US housing construction stocks are trending to record the highest annual growth rate in the past 10 years or so this year. Considering that mortgage interest rates have skyrocketed, this is an amazing performance. Now that bond yields are declining, Wall Street predicts that this rise in stock prices will continue in 2024.
US housing construction stocks are trending to record the highest annual growth rate in the past 10 years or so this year. Considering that mortgage interest rates have skyrocketed, this is an amazing performance. Now that bond yields are declining, Wall Street predicts that this rise in stock prices will continue in 2024.
Forex
Key market events
![[Morning Report] US Government Considers Raising Tariffs on Chinese Products Including EVs US GDP Revised Downward to 4.9% Increase in July-September](https://sgsnsimg.moomoo.com/feed_image/181250687/eda16f20e02b361489ed54055342f3ab.jpg/bigmoo)
Distribution source: Dow Jones, MINKABU, Fisco, Bloomberg, Wells Advisor, Nihon Keizai Shimbun
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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