[Morning Report] World stock depreciation, are high buying opportunities close? US emergency interest rate cut observations also surfaced, dollar yen is in 141 yen range ⇒ 145 yen range
![[Morning Report] World stock depreciation, are high buying opportunities close? US emergency interest rate cut observations also surfaced, dollar yen is in 141 ...](https://sgsnsimg.moomoo.com/sns_client_feed/181250687/20240806/1722893215756-76bcc772b9.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] 0.03 million2800 yen - 0.03 million3500 yen (5-day closing price 0.03 million1458 yen 42 sen)
● Risk off due to simultaneous global stock depreciation, concerns about the US recession+rapid appreciation of the yen
● Despite concerns about a recession in the US economy, the ISM non-manufacturing business climate index recovered, risk off & dollar sales fell to a point
● US emergency interest rate cut observations have also surfaced, and the ISM non-manufacturing business climate index has improved into an expanded area, and uncertainty intensifies
● Fed rate cut forecast for the year extended to 1.25 points
● Reports that NVIDIA will cut below $100 at one time and that the next AI semiconductor is expected to be delayed are also disgusting
● “Shares bought!” the day before Total Zalai — What are the expected stocks leading up to today? ―Japanese stocks
-MOOMOO NEWS Amelia
● Risk off due to simultaneous global stock depreciation, concerns about the US recession+rapid appreciation of the yen
● Despite concerns about a recession in the US economy, the ISM non-manufacturing business climate index recovered, risk off & dollar sales fell to a point
● US emergency interest rate cut observations have also surfaced, and the ISM non-manufacturing business climate index has improved into an expanded area, and uncertainty intensifies
● Fed rate cut forecast for the year extended to 1.25 points
● Reports that NVIDIA will cut below $100 at one time and that the next AI semiconductor is expected to be delayed are also disgusting
● “Shares bought!” the day before Total Zalai — What are the expected stocks leading up to today? ―Japanese stocks
-MOOMOO NEWS Amelia
Market Overview
In the US stock market on the 5th, the NY Dow Jones Industrial Average fell drastically for 3 days to 0.03 million8703 dollars 27 cents, which is 1033 dollars 99 cents lower than the previous business day. The Nasdaq Composite Stock Price Index fell 576.082 points to 0.01 million6200.082. The Tokyo stock market on the 6th will soon shift to a rebound phase, and there is a high possibility that the Nikkei Stock Average will turn into a rebound for the first time in 4 days.
In the US stock market on the 5th, the NY Dow Jones Industrial Average fell drastically for 3 days to 0.03 million8703 dollars 27 cents, which is 1033 dollars 99 cents lower than the previous business day. The Nasdaq Composite Stock Price Index fell 576.082 points to 0.01 million6200.082. The Tokyo stock market on the 6th will soon shift to a rebound phase, and there is a high possibility that the Nikkei Stock Average will turn into a rebound for the first time in 4 days.
Top news
Risks off due to simultaneous global stock depreciation, concerns about the US recession+rapid rise in yen appreciation
On the 5th, the yen appreciated rapidly and Japanese stocks plummeted in the Asian market, and major stock price indices fell by more than 8% even in countries/regions with high semiconductor stock ratios such as South Korea and Taiwan, leading to panic selling. In line with the dollar and yen, NASDAQ 100 index futures plummeted in the Asian time zone. After that, major stock price indices also depreciated drastically during the normal trading hours of the United States.
Risks off due to simultaneous global stock depreciation, concerns about the US recession+rapid rise in yen appreciation
On the 5th, the yen appreciated rapidly and Japanese stocks plummeted in the Asian market, and major stock price indices fell by more than 8% even in countries/regions with high semiconductor stock ratios such as South Korea and Taiwan, leading to panic selling. In line with the dollar and yen, NASDAQ 100 index futures plummeted in the Asian time zone. After that, major stock price indices also depreciated drastically during the normal trading hours of the United States.
While concerns about the US recession came to an end last weekend, it seems that the rapid advance in yen appreciation on the 5th had an impact on carry trade. In response to the rapid appreciation of the yen progressing more rapidly than expected, the resolution of carry trade where high-yield assets were purchased by borrowing Japanese yen accelerated. Since many hedge funds managed high-tech stocks such as M7 and semiconductors through yen carry trades, it has been pointed out that the rebound contributed to the decline. There is a high possibility that margin calls and forced consolidation of credit buybacks also spurred the decline. Also, it has been pointed out that recent weeks have received a sharp rise in the VIX Index, leading to sales by systematic funds.
Note, the bearish side has not lost its cautious stance, but it has also begun to be pointed out that the market is overreacting to the current sharp decline. There is a possibility that the rotation from high tech has almost ended on JPMorgan's trading discs, and they expressed the view that they are approaching a tactical opportunity for specials (Bloomberg). Emergency interest rate cut observations or “verbal intervention” observations have also surfaced regarding the Fed's monetary policy.
Observations of emergency interest rate cuts in the US have also surfaced, and the ISM non-manufacturing business climate index has improved to an expanded area, and uncertainty intensifies
Observations of drastic interest rate cuts surfaced in response to the US July employment statistics. The economy deteriorated all at once, and concerns about recession intensified, and the Federal Reserve (Fed) did not wait for the September Federal Open Market Committee (FOMC), and emergency rate cut observations also surfaced.
Despite concerns about a recession in the US economy, the ISM non-manufacturing business climate index recovered, and risk off & dollar sales reached a point
The dollar and yen fell from 143 yen 56 yen to 141 yen 76 yen in the London foreign exchange market on the 5th. As stock depreciation spreads globally, it seems that risk-averse yen purchases have also strengthened in addition to holding adjustments. After that, since the US July ISM non-manufacturing business climate index improved more than expected, concerns about the recession were mitigated, and dollars were bought back.
Reports that NVIDIA will cut below $100 at one time and that the next AI semiconductor is expected to be delayed are also disgusting
The atmosphere of risk aversion continued to spread in the US stock market on the 5th from last weekend, and it has depreciated drastically. While high-tech stocks also have a sales advantage, NVIDIA is leading the way. The company's stock fell to the 90 dollar range at one point, and there were scenes where it fell below 100 dollars. The fact that it was reported over the weekend that the company's next-generation AI semiconductor “Blackwell” is expected to be delayed due to poor design is also putting pressure on the company's stock.
Other major news
The Fed's forecast for interest rate cuts by the end of the year expands to 1.25 points
As uncertainty about the future of the US economy intensifies, expectations for drastic interest rate cuts by the FRB are intensifying in the market. According to CME's FedWatch, it incorporates predictions that the FRB will lower the policy interest rate to 4.00-4.25% by the end of the year. It means that interest rate cuts of a total of 1.25 percentage points will be implemented at the FOMC in September, November, and December, and it is calculated that drastic interest rate cuts of 0.50% points will be implemented twice. (MINKABU)
Federal Reserve President's Remarks
・San Francisco Federal Reserve Governor: Warning not to overreact to only one employment indicator, the economy is not deteriorating
・Chicago Fed President Goulsby: More data can be waited until September meeting
Crypto assets plummeted, Bitcoin low for the first time in six months
Google loses lawsuit to US Department of Justice in antitrust lawsuit misuse of position due to internet search
Japanese stock ADR, general buying advantage; Chicago is 33190 yen higher than Osaka by 1810 yen
ADR (American Depositary Receipts) Japanese stocks rose in comparison with the Tokyo Stock Exchange (converted to 144.13 yen per dollar), Japan Post Service ＜6178 ＞, Mizuho Financial Services ＜8411＞, Honda Motor Company ＜7267＞, Mitsui Fudosan ＜8801＞, Mitsubishi UFJFG ＜8306＞, Advantest ＜6857＞, Mitsui & Co. ＜8031＞, etc. rose, and there was an overall buying advantage. The Chicago Nikkei 225 futures settlement value is 33190 yen, which is 1810 yen higher than Osaka's daytime ratio. (Fisco)
Observations of drastic interest rate cuts surfaced in response to the US July employment statistics. The economy deteriorated all at once, and concerns about recession intensified, and the Federal Reserve (Fed) did not wait for the September Federal Open Market Committee (FOMC), and emergency rate cut observations also surfaced.
Despite concerns about a recession in the US economy, the ISM non-manufacturing business climate index recovered, and risk off & dollar sales reached a point
The dollar and yen fell from 143 yen 56 yen to 141 yen 76 yen in the London foreign exchange market on the 5th. As stock depreciation spreads globally, it seems that risk-averse yen purchases have also strengthened in addition to holding adjustments. After that, since the US July ISM non-manufacturing business climate index improved more than expected, concerns about the recession were mitigated, and dollars were bought back.
Reports that NVIDIA will cut below $100 at one time and that the next AI semiconductor is expected to be delayed are also disgusting
The atmosphere of risk aversion continued to spread in the US stock market on the 5th from last weekend, and it has depreciated drastically. While high-tech stocks also have a sales advantage, NVIDIA is leading the way. The company's stock fell to the 90 dollar range at one point, and there were scenes where it fell below 100 dollars. The fact that it was reported over the weekend that the company's next-generation AI semiconductor “Blackwell” is expected to be delayed due to poor design is also putting pressure on the company's stock.
Other major news
The Fed's forecast for interest rate cuts by the end of the year expands to 1.25 points
As uncertainty about the future of the US economy intensifies, expectations for drastic interest rate cuts by the FRB are intensifying in the market. According to CME's FedWatch, it incorporates predictions that the FRB will lower the policy interest rate to 4.00-4.25% by the end of the year. It means that interest rate cuts of a total of 1.25 percentage points will be implemented at the FOMC in September, November, and December, and it is calculated that drastic interest rate cuts of 0.50% points will be implemented twice. (MINKABU)
Federal Reserve President's Remarks
・San Francisco Federal Reserve Governor: Warning not to overreact to only one employment indicator, the economy is not deteriorating
・Chicago Fed President Goulsby: More data can be waited until September meeting
Crypto assets plummeted, Bitcoin low for the first time in six months
Google loses lawsuit to US Department of Justice in antitrust lawsuit misuse of position due to internet search
Japanese stock ADR, general buying advantage; Chicago is 33190 yen higher than Osaka by 1810 yen
ADR (American Depositary Receipts) Japanese stocks rose in comparison with the Tokyo Stock Exchange (converted to 144.13 yen per dollar), Japan Post Service ＜6178 ＞, Mizuho Financial Services ＜8411＞, Honda Motor Company ＜7267＞, Mitsui Fudosan ＜8801＞, Mitsubishi UFJFG ＜8306＞, Advantest ＜6857＞, Mitsui & Co. ＜8031＞, etc. rose, and there was an overall buying advantage. The Chicago Nikkei 225 futures settlement value is 33190 yen, which is 1810 yen higher than Osaka's daytime ratio. (Fisco)
“Shares bought!” the day before Total Zalai — What are the expected stocks leading up to today?―Japanese stocks
<8889><3900><2220>APAMAN, Cloud W, Kameda Seika, etc.
The day before, “Shares sold!” Total Crap - What's the impact on today? ―Japan Stocks
<8306><7203>East Electric <8035>(-18.5%), Mitsubishi UFJ (-17.8%), Toyota (-13.7%), etc.
<8889><3900><2220>APAMAN, Cloud W, Kameda Seika, etc.
The day before, “Shares sold!” Total Crap - What's the impact on today? ―Japan Stocks
<8306><7203>East Electric <8035>(-18.5%), Mitsubishi UFJ (-17.8%), Toyota (-13.7%), etc.
MOOMOO SECURITIES COLUMN ARTICLES
・Black Monday for Japanese stocks? When is the place to shop? Check out “progressive high dividend” stocks without worrying about dividend cuts!
・[Financial results preview] Expectations for Tokyo Electron's AI semiconductors! Keep a close eye on the trend of export restrictions between the US and China
・Black Monday for Japanese stocks? When is the place to shop? Check out “progressive high dividend” stocks without worrying about dividend cuts!
・[Financial results preview] Expectations for Tokyo Electron's AI semiconductors! Keep a close eye on the trend of export restrictions between the US and China
Tokyo Stock Exchange Rate Forecast
Stock exchange rate forecast for the 6th = rebound, imminently in a rebound phase due to rebound from overselling
Stock exchange rate forecast for the 6th = rebound, imminently in a rebound phase due to rebound from overselling
Foreign substitutes
Key Market Events
![[Morning Report] World stock depreciation, are high buying opportunities close? US emergency interest rate cut observations also surfaced, dollar yen is in 141 ...](https://sgsnsimg.moomoo.com/sns_client_feed/181250687/20240806/1722897739939-8d7b100f92.png/big?area=105&is_public=true)
Distributor: Dow Jones, MINKABU, Bloomberg, Welshadvisor, Fisco
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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