[Morning Report] US President Biden tests positive for COVID-19, dollar yen falls to 155 yen level and accelerates
![[Morning Report] US President Biden tests positive for COVID-19, dollar yen falls to 155 yen level and accelerates](https://sgsnsimg.moomoo.com/sns_client_feed/181250687/20240718/f0338fb80d54fbef7e472a9e4a997a20.png/big?area=105&is_public=true)
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Here are the key points of this morning's first report.
● [Tokyo Stock Exchange Rate Forecast Range] 0.04 million yen - 0.04 million500 yen (17th closing price 0.04 million1097 yen 69 sen)
● US President Biden tests positive for COVID-19
● Dollar sales strengthened, and the dollar yen also declined to the 155 yen level and accelerated
●US economic activity, softening trend spreading = Beige Book
● The Fed is “getting closer” to cutting interest rates = Director Waller
● The SOX index fell sharply, and ASML Holdings and Applied Materials declined
● Accelerated sales of TSMC shares, based on Mr. Trump's remarks on Taiwan
● US housing construction starts, 3% increase from previous month in June, higher than expected
— MooMoo News Kathy
● [Tokyo Stock Exchange Rate Forecast Range] 0.04 million yen - 0.04 million500 yen (17th closing price 0.04 million1097 yen 69 sen)
● US President Biden tests positive for COVID-19
● Dollar sales strengthened, and the dollar yen also declined to the 155 yen level and accelerated
●US economic activity, softening trend spreading = Beige Book
● The Fed is “getting closer” to cutting interest rates = Director Waller
● The SOX index fell sharply, and ASML Holdings and Applied Materials declined
● Accelerated sales of TSMC shares, based on Mr. Trump's remarks on Taiwan
● US housing construction starts, 3% increase from previous month in June, higher than expected
— MooMoo News Kathy
Market Overview
In the US stock market on the 17th, the NY Dow Jones Industrial Average continued to rise for 6 days to 0.04 million1198 dollars 08 cents, which is 243 dollars 60 cents higher than the previous business day. The Nasdaq Composite Stock Price Index was 0.01 million7996.925, down 512.415 points from the same period. In the Tokyo stock market on the 18th, sales spread mainly on major stocks, and it seems that the Nikkei Stock Average will continue to drop drastically.
In the US stock market on the 17th, the NY Dow Jones Industrial Average continued to rise for 6 days to 0.04 million1198 dollars 08 cents, which is 243 dollars 60 cents higher than the previous business day. The Nasdaq Composite Stock Price Index was 0.01 million7996.925, down 512.415 points from the same period. In the Tokyo stock market on the 18th, sales spread mainly on major stocks, and it seems that the Nikkei Stock Average will continue to drop drastically.
Top news
US President Biden tests positive for COVID-19
Janet Murguia, chairman of the Hispanic racial advocacy group “UniDosUS (UniDosUS),” revealed on the 17th that US President Joe Biden tested positive for the coronavirus. It is said that he was contacted by phone from Mr. Biden, who was scheduled to make a speech at the UniDosUS event this afternoon.
Related articles:Democratic Party supporters calling for Biden's withdrawal to 65% = survey
US President Biden tests positive for COVID-19
Janet Murguia, chairman of the Hispanic racial advocacy group “UniDosUS (UniDosUS),” revealed on the 17th that US President Joe Biden tested positive for the coronavirus. It is said that he was contacted by phone from Mr. Biden, who was scheduled to make a speech at the UniDosUS event this afternoon.
Related articles:Democratic Party supporters calling for Biden's withdrawal to 65% = survey
The yen was just around 156 yen against the dollar, and yen sales continued to rebound and the high price for the first time in a month
The yen exchange rate of the Tokyo Foreign Exchange Market on the morning of the 18th rose drastically from the evening before, just around 1 dollar = 156 yen, and hit a high for the first time in about a month. The rebound in yen sales positions continues in the wake of an interview article with Digital Minister Kono Taro, who asked the Bank of Japan to raise interest rates to correct depreciation of the yen.
The yen exchange rate of the Tokyo Foreign Exchange Market on the morning of the 18th rose drastically from the evening before, just around 1 dollar = 156 yen, and hit a high for the first time in about a month. The rebound in yen sales positions continues in the wake of an interview article with Digital Minister Kono Taro, who asked the Bank of Japan to raise interest rates to correct depreciation of the yen.
US Economic Activity Spreads Softening Trend = Beige Book
The US Federal Reserve (Fed) pointed out in the Regional Federal Reserve Economic Report (Beige Book) published on the 17th that economic activity seems to have softened in the past 2 months. Five of the 12 regional federations have reported that economic activity has leveled off or decelerated, and it looks like 3 lines have increased since the previous survey announced in May.
The US Federal Reserve (Fed) pointed out in the Regional Federal Reserve Economic Report (Beige Book) published on the 17th that economic activity seems to have softened in the past 2 months. Five of the 12 regional federations have reported that economic activity has leveled off or decelerated, and it looks like 3 lines have increased since the previous survey announced in May.
The Fed is “getting closer” to cutting interest rates = Director Waller
US Federal Reserve (Fed) Director Christopher Waller suggested on the 17th that there is a possibility that the Fed will lower policy interest rates as early as September in order to maximize the possibility that the economy will achieve a soft landing.
US Federal Reserve (Fed) Director Christopher Waller suggested on the 17th that there is a possibility that the Fed will lower policy interest rates as early as September in order to maximize the possibility that the economy will achieve a soft landing.
The SOX index fell sharply, and ASML Holdings and Applied Materials declined
The Philadelphia Semiconductor Stock Index (SOX) fell sharply. The Biden administration was wary of measures to further strengthen semiconductor export restrictions against China, and furthermore, relations with China deteriorated in response to remarks made by Mr. Trump, the Republican presidential candidate, and the uncertainty of the relationship with Taiwan was feared, and it became drastically reduced.
The Philadelphia Semiconductor Stock Index (SOX) fell sharply. The Biden administration was wary of measures to further strengthen semiconductor export restrictions against China, and furthermore, relations with China deteriorated in response to remarks made by Mr. Trump, the Republican presidential candidate, and the uncertainty of the relationship with Taiwan was feared, and it became drastically reduced.
Accelerated sales of TSMC shares, based on Mr. Trump's remarks on Taiwan
Former US President Donald Trump argued in an interview with the US magazine Bloomberg Businessweek published on the 16th that Taiwan had taken almost all semiconductor production business from the United States, and also stated that defense costs should be paid to the United States.
Former US President Donald Trump argued in an interview with the US magazine Bloomberg Businessweek published on the 16th that Taiwan had taken almost all semiconductor production business from the United States, and also stated that defense costs should be paid to the United States.
US housing construction starts in June, 3% increase from previous month, higher than expected
The number of housing starts in June (seasonally adjusted, annualized) announced by the U.S. Department of Commerce on the 17th was 1.35 million3000 units, up 3.0% from the previous month. It showed that there was a growing sense of expectation that mortgage interest rates would drop in the market.
Related articles:US industrial production rose 0.6% in June, positive for 2 consecutive months
The number of housing starts in June (seasonally adjusted, annualized) announced by the U.S. Department of Commerce on the 17th was 1.35 million3000 units, up 3.0% from the previous month. It showed that there was a growing sense of expectation that mortgage interest rates would drop in the market.
Related articles:US industrial production rose 0.6% in June, positive for 2 consecutive months
Tokyo Stock Exchange Rate Forecast
Stock market forecast for the 18th = drastic continued decline, be wary of further depreciation of semiconductor stocks
Stock market forecast for the 18th = drastic continued decline, be wary of further depreciation of semiconductor stocks
Foreign substitutes
Key Market Events
![[Morning Report] US President Biden tests positive for COVID-19, dollar yen falls to 155 yen level and accelerates](https://sgsnsimg.moomoo.com/sns_client_feed/181250687/20240718/4be0b098fa3145004550bdbe56443a0f.jpg/big?area=105&is_public=true)
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