Next week's financial results and economic calendar (2023/9/25 to 9/29) Will US stocks continue to stagnate due to the Fed's hawkish stance?
Japanese stocks are expected to weaken next week. Since the stock price-earnings ratio (PER) is high for US stocks, it seems that stock price adjustments will continue even while keeping a close eye on interest rates. Interest rates have risen, and it is becoming easier for people to be aware of expensive stock price valuations. Bloomberg reports that after passing the US FOMC this week, interest rates have risen both domestically and internationally, and stock prices have weighed mainly on technology stocks. Next week, market interest will gather on interest rate trends, and it seems that the market will be happy and disappointed by the statements made by financial officials. US Federal Reserve Chairman Powell is scheduled to hold a town hall meeting with educators on the 28th.
1. The Nikkei Average fell sharply for the first time in 2 weeks to over 1000 yen depreciation
2. The FOMC is too hawkish to postpone interest rate hikes, leading to depreciation of US stocks
3. The yen depreciated due to maintaining the status quo of the Bank of Japan's monetary policy, and buying did not continue even though the sense of caution receded
4. U.S. semiconductor stock depreciation
The Nikkei Stock Average fell sharply for the first time in 2 weeks to 32,402 yen, 1130 yen (3.4%) lower than the previous weekend in the Tokyo stock market this week. This week, ahead of the Japan-US financial meeting, a strong wait-and-see mood continued until the second half of the week. While the US FOMC decided to leave policy interest rates unchanged as expected, it suggests that they are preparing to raise interest rates one more time by the end of the year. The Bank of Japan decided to maintain the current state of monetary policy. The differences between the Bank of Japan, which continues large-scale easing, and Western central banks, which are in the financial tightening phase, have been recognized once again, and there is a possibility that the yen will depreciate further.
Source: MINKABU, MOOO, MINKABU, BLOOMBERG
ー MooMoo News Sherry
ー MooMoo News Sherry
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
Read more
Comment
Sign in to post a comment
yoikai : It's not good for the yen to depreciate any further than it is now
182058127 : Will stock depreciation continue for a long time?
Will Prime Minister Kishida's investment in Japan lead to a rise in stocks
じゅねーむ : I'm worried about the future direction of the depreciation of US semiconductor stocks
182628805 : Thank you very much
183230756 : There are people who say we should stop the depreciation of the yen, but it's not that simple. If interest rates are raised, there will be deflation. The burden on loans and companies has increased, salaries and bonuses have dropped, and as a result, it is a vicious cycle. It will resume after Japan's bubble. The reason we left interest rates unchanged at the FOMC this time is because it won't pick the buds of economic growth. It is said that more than 100 protests requesting a stop to depreciation of the yen were sent to the Bank of Japan, but I wanted them to study carefully before doing so.