[Morning Report] US Inflation Expectations Rise, Yields Rise, New US Unemployment Insurance Claims Drastic Decline Since June

Good morning to all Moomoo users!Here are the key points of this morning's first report.
● [Tokyo Stock Exchange Rate Forecast Range] The Japanese market is closed due to public holidays (Labor Thanksgiving Day)
● Expected inflation forecast for the University of Michigan in November 1 year ahead, accelerated to 4.5%
● New US unemployment insurance claims, drastic decline since June - first decline in 2 months of continuous beneficiaries
● U.S. Durable Goods Orders Decreased More Than Expected in October - Due to Decrease in Commercial Aircraft Orders
● American companies are unable to resolve concerns about deteriorating business performance, and profit increased 4% in the previous quarter
● Tesla judge finds doubt in “autonomous driving” defect recognition lawsuit
— MooMoo News Zeber

Market Overview
On the 23rd, the Dow Jones Industrial Average ended at 35273.03 dollars, which rose 184.74 dollars. The Nasdaq Composite Stock Price Index, which has a high tech stock ratio, ended at 14265.86, 65.88 points higher. The S&P 500 average, which consists of stocks of 500 companies, which are large US stocks, ended at 4556.62, an 18.43 point increase. The Japanese market is closed for public holidays (Labor Thanksgiving Day).

Top news
Expected inflation rate for the University of Michigan in November 1 year ahead of the US accelerates to 4.5%
The expected inflation rate (final value) for the year ahead of November announced by the University of Michigan in the United States on the 22nd was revised upward from 4.5% and 4.4% of the preliminary report value. Growth accelerated for 2 consecutive months from 4.2% in October and 3.2% in September, and reached a high level since April.

New US unemployment insurance claims, drastic decline since June - first decline in continuing beneficiaries in 2 months
The number of new US unemployment insurance claims last week declined drastically since June. As the labor market gradually cools down, it was suggested that employers are still trying to secure workers.

U.S. Durable Goods Orders Decreased More Than Expected in October - Due to Decrease in Commercial Aircraft Orders
Orders for US durable goods in October declined more than expected. In addition to a decline in commercial aircraft orders, demand for capital investment weakened.

American companies are unable to resolve concerns about deteriorating business performance, and profit increased 4% in the previous quarter
Financial results for the previous quarter, such as the fiscal year ending 2023/7/9 for major US companies, have been completed. The net profit of the 500 major companies increased 4% from the same period last year, and turned to an increase in profit for the first time in four quarters. Cost reduction progressed at major technology companies, and steady consumption also supported earnings.

Tesla judge finds doubt in “autonomous driving” defect recognition lawsuit
Major US electric vehicle (EV) company $Tesla(TSLA.US)$Indications have surfaced in the United States that drivers were allowed to use it while knowing that there was a defect in the driver assistance system. In a lawsuit where the bereaved family of a man who died in a collision accident in 2019 sued the company, the judge acknowledged the suspicion that Tesla was at fault. There is a possibility that the plaintiff will claim a large amount of damages in court.

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The Japanese market is closed for public holidays (Labor Thanksgiving Day)

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