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The Nikkei Average started with an increase of 189 yen, and even though US stocks moved slightly, the depreciation of the yen progressed as a tailwind

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moomooニュース日本株 wrote a column · Nov 14, 2024 08:16
The Nikkei Average started with an increase of 189 yen, and even though US stocks moved slightly, the depreciation of the yen progressed as a tailwind
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Market Overview
Today's Nikkei Stock Average began at 38911.04 yen, 189.38 yen higher than the previous business day, and the Tokyo Stock Price Index (TOPIX) was 8.12 points higher at 2716.54.
The Nikkei Average started with an increase of 189 yen, and even though US stocks moved slightly, the depreciation of the yen progressed as a tailwind
The Nikkei Average started with an increase of 189 yen, and even though US stocks moved slightly, the depreciation of the yen progressed as a tailwind
Top news
US forex market summary: temporarily rising to 155 yen 60 yen using rising US interest rates as a clue
The dollar-yen exchange rate of the New York Foreign Exchange Market on the 13th ended with 1 dollar = around 155 yen 46 yen, and the dollar rose and yen depreciated by about 85 yen compared to the previous day. The euro was almost flat, with 1 euro = around 164 yen 24 yen, and the depreciation of the euro and the appreciation of the yen about 1 sen. The October consumer price index (CPI) announced by the US Department of Labor on this day had a month-on-month increase rate of 0.2%, and the core index excluding energy and food was 0.3%, all of which were the same as market expectations. In response to this, the sense of caution against the re-acceleration of price increases abated once, and the dollar yen exchange rate temporarily softened to 154 yen 34 yen as observations that the US Federal Reserve (FRB) would stop interest rate cuts receded.

Megabanks such as Mitsubishi UFJ have strong and weak views, and the rise in interest rates between Japan and the US is a tailwind and speculation is mixed up just before financial results are announced
$Mitsubishi UFJ Financial Group (8306.JP)$, $Sumitomo Mitsui Financial Group (8316.JP)$, $Mizuho Financial Group (8411.JP)$Megabanks are developing with strong price movements, etc., and high prices are also heavy. Long-term bonds were sold in the US bond market the day before, and the yield on 10-year US bonds rose to the latter half of the 4.4% range, and domestically, the yield on new 10-year bonds rose to the 1.04% range the day before, and the trend of rising interest rates is intensifying in Japan and the US.
Settlement giant Kraner, invested by SoftBank G, applies for US IPO
Swedish fintech payment giant Kraner announced on the 13th that it will be listed on the US market. The IPO price is yet to be determined, but there is a possibility that the total market value will reach 15 billion to 20 billion dollars. The company $SoftBank Group (9984.JP)$I will invest in it. The company submitted a draft registration registration document for an initial public offering (IPO) in an undisclosed format to the US Securities and Exchange Commission (SEC). The number of publicly offered shares and the public offering price will be determined after the SEC review is completed.

Rakuten G achieves first operating surplus in mobile phone market
$Rakuten Group (4755.JP)$In the consolidated financial results for the 2024/7/9 fiscal year announced on 7/13, operating profit and loss surplus of 0.5 billion yen (deficit of 54.4 billion yen in the same period last year). The operating surplus was the first time in 17 quarters since entering the mobile phone business in earnest from 2008/4/6. The mobile phone business deficit narrowed due to an increase in the number of subscribers, and was absorbed by strong e-commerce business and financial business profits.

Distribution source: Various company releases, MINKABU, Nihon Keizai Shimbun
-MooMoo News Evelyn
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