US Market Outlook: Bitcoin temporarily surpasses 0.07 million dollars! The Dow Average started at $76 higher
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This is the reading for tonight's NY stock.![]()
Market Overview
The US market started, and the Dow Jones Industrial Average, which consists of excellent stocks, rose 76.37 dollars to 40665.71 dollars, and the Nasdaq Composite Stock Price Index, which has a high high-tech stock ratio, rose 86.51 points to 17444.39. The S&P 500 average, which consists of stocks of 500 major US companies, is 17.45 points higher at 5476.55.
The US market started, and the Dow Jones Industrial Average, which consists of excellent stocks, rose 76.37 dollars to 40665.71 dollars, and the Nasdaq Composite Stock Price Index, which has a high high-tech stock ratio, rose 86.51 points to 17444.39. The S&P 500 average, which consists of stocks of 500 major US companies, is 17.45 points higher at 5476.55.
Top news
Big Tech Key Week
● Stock futures on Friday $S&P 500 Index(.SPX.US$ with $NASDAQ 100 Index(.NDX.US$ It has begun to rise in response to its recovery.
● Treasury bonds have risen, and the dollar is strong. The rebound of these two indices followed a violent crash led by high technology, where the NASDAQ 100 was driven to the brink of an adjustment phase.
●This week $Microsoft(MSFT.US$ 、 $Meta Platforms(META.US$ 、 $Apple(AAPL.US$ 、 $Amazon(AMZN.US$ Financial results are scheduled to be announced, and since the total market value reaches close to 10 trillion dollars, investors will search for details on whether the promise of AI has been realized.
●Related articles:
[Earnings Preview] Meta, AI, and advertising revenue are growing rapidly? Capital expenditure is the “most important focus”
[Earnings Preview] Microsoft is paying attention to growth momentum! Can we win in the AI monetization competition?
[Earnings Preview] Maintaining Strong Data Center Business? GS is also bullish, and AMD is scheduled to announce 24Q2 financial results after closing on 31st (Wednesday) Japan time
● Stock futures on Friday $S&P 500 Index(.SPX.US$ with $NASDAQ 100 Index(.NDX.US$ It has begun to rise in response to its recovery.
● Treasury bonds have risen, and the dollar is strong. The rebound of these two indices followed a violent crash led by high technology, where the NASDAQ 100 was driven to the brink of an adjustment phase.
●This week $Microsoft(MSFT.US$ 、 $Meta Platforms(META.US$ 、 $Apple(AAPL.US$ 、 $Amazon(AMZN.US$ Financial results are scheduled to be announced, and since the total market value reaches close to 10 trillion dollars, investors will search for details on whether the promise of AI has been realized.
●Related articles:
[Earnings Preview] Meta, AI, and advertising revenue are growing rapidly? Capital expenditure is the “most important focus”
[Earnings Preview] Microsoft is paying attention to growth momentum! Can we win in the AI monetization competition?
[Earnings Preview] Maintaining Strong Data Center Business? GS is also bullish, and AMD is scheduled to announce 24Q2 financial results after closing on 31st (Wednesday) Japan time
Successive policy decisions by central banks
● It tends to be overshadowed by the financial results of high-tech companies, but central bank policy decisions are made one after another during 32 hours.
● Since conflicting signals from major countries are shaking up the market, investors will be anxious for the Bank of Japan, then the Federal Reserve (Fed), and then the Bank of England to answer questions about the future of interest rates.
●Related articles:The policy meetings of the three central banks are in the spotlight this week = OCBC
● It tends to be overshadowed by the financial results of high-tech companies, but central bank policy decisions are made one after another during 32 hours.
● Since conflicting signals from major countries are shaking up the market, investors will be anxious for the Bank of Japan, then the Federal Reserve (Fed), and then the Bank of England to answer questions about the future of interest rates.
●Related articles:The policy meetings of the three central banks are in the spotlight this week = OCBC
FRB tips
● There is a strong view that the Fed will leave interest rates unchanged, but traders are expecting clear hints showing the possibility that interest rate cuts will be implemented, and investors currently have the view that interest rate cuts of 25 basis points will be implemented in September.
● Bond traders who anticipate a gradual start of mitigation from September are also increasing their side bets that if the US economy deteriorates rapidly, there is a possibility that the Fed will be forced to respond more aggressively than currently anticipated. A year of rising interest rates is bringing surprising results.
● There is a strong view that the Fed will leave interest rates unchanged, but traders are expecting clear hints showing the possibility that interest rate cuts will be implemented, and investors currently have the view that interest rate cuts of 25 basis points will be implemented in September.
● Bond traders who anticipate a gradual start of mitigation from September are also increasing their side bets that if the US economy deteriorates rapidly, there is a possibility that the Fed will be forced to respond more aggressively than currently anticipated. A year of rising interest rates is bringing surprising results.
Be wary of the Bank of Japan
● The Bank of Japan will put investors on high alert at the beginning of Wednesday's central bank chorus. After several years of large-scale easing, plans for quantitative tightening are anticipated, and there is also a possibility of further interest rate hikes.
● According to a Bloomberg survey, only 30% of BOJ watchers anticipate interest rate hikes, yet few people deny interest rate hikes.
● Hedge funds have retreated their bets against the yen due to the recent appreciation of the yen ahead of the Bank of Japan meeting.
●Related articles:[Bank of Japan Meeting Preview] How will the Bank of Japan move due to the rapid rise in yen appreciation? The pressure to raise interest rates in July drops, and if not, it's positive for Japanese stocks!
● The Bank of Japan will put investors on high alert at the beginning of Wednesday's central bank chorus. After several years of large-scale easing, plans for quantitative tightening are anticipated, and there is also a possibility of further interest rate hikes.
● According to a Bloomberg survey, only 30% of BOJ watchers anticipate interest rate hikes, yet few people deny interest rate hikes.
● Hedge funds have retreated their bets against the yen due to the recent appreciation of the yen ahead of the Bank of Japan meeting.
●Related articles:[Bank of Japan Meeting Preview] How will the Bank of Japan move due to the rapid rise in yen appreciation? The pressure to raise interest rates in July drops, and if not, it's positive for Japanese stocks!
The dollar dispute
● In an interview with Bloomberg News, Treasury Secretary Janet Yellen denied former President Donald Trump's view that a strong dollar is hurting the US manufacturing industry, and stated that it is necessary to look at it from a broader perspective.
● According to the latest Markets Live Pulse survey, gold is seen as the best portfolio hedge against Trump's victory in the election. However, the most intense price movement was Bitcoin, and as Mr. Trump continued to switch from a crypto skeptic to a cheering team, it rose to a high price for the first time in 6 weeks.
●Related articles:
“What if Harry”? “Harris Trade” surges Mr. Harris rages on Mr. Trump due to competition for funds and approval ratings
An opportunity to buy in a turbulent market? Market funding reversal! Bitcoin surpasses US super-large stock “M7”
● In an interview with Bloomberg News, Treasury Secretary Janet Yellen denied former President Donald Trump's view that a strong dollar is hurting the US manufacturing industry, and stated that it is necessary to look at it from a broader perspective.
● According to the latest Markets Live Pulse survey, gold is seen as the best portfolio hedge against Trump's victory in the election. However, the most intense price movement was Bitcoin, and as Mr. Trump continued to switch from a crypto skeptic to a cheering team, it rose to a high price for the first time in 6 weeks.
●Related articles:
“What if Harry”? “Harris Trade” surges Mr. Harris rages on Mr. Trump due to competition for funds and approval ratings
An opportunity to buy in a turbulent market? Market funding reversal! Bitcoin surpasses US super-large stock “M7”
— MooMoo News Zeber
Source: Moomoo, Bloomberg, Dow Jones
This article uses automatic translation for some of its parts
Source: Moomoo, Bloomberg, Dow Jones
This article uses automatic translation for some of its parts
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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