US Market Outlook: NVIDIA Recovers $110 Although the US PPI is lower than expected, the NFIB Small Business Optimism Index is at a high level since 2022/2
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Market Overview
The US market started, and the Dow Jones Industrial Average, which consists of excellent stocks, rose 88.26 dollars to 39445.27 dollars, and the Nasdaq Composite Stock Price Index, which has a high high-tech stock ratio, began at 16944.74 with a 164.13 point increase. The S&P 500 average, which consists of stocks of 500 companies, which are large US stocks, rose 32.59 points to 5376.98.
The US market started, and the Dow Jones Industrial Average, which consists of excellent stocks, rose 88.26 dollars to 39445.27 dollars, and the Nasdaq Composite Stock Price Index, which has a high high-tech stock ratio, began at 16944.74 with a 164.13 point increase. The S&P 500 average, which consists of stocks of 500 companies, which are large US stocks, rose 32.59 points to 5376.98.
Top news
[Index Bulletin] The July US Producer Price Index (PPI) is lower than expected with a 0.1% increase from the previous month, and the core also falls short of expectations
The U.S. Department of Labor will make an announcementProducer Price Index (PPI) for Julyismonth-on-monthIs0.1% increase、Below market expectations for a 0.2% increaseThere was a 0.2% increase in the previous fiscal year.Year over yearIs2.2% increase、Below market expectations of 2.3%, revised upward from 2.6% in the previous fiscal year to 2.7%. It highlighted the continued easing of inflationary pressure.
The U.S. Department of Labor will make an announcementProducer Price Index (PPI) for Julyismonth-on-monthIs0.1% increase、Below market expectations for a 0.2% increaseThere was a 0.2% increase in the previous fiscal year.Year over yearIs2.2% increase、Below market expectations of 2.3%, revised upward from 2.6% in the previous fiscal year to 2.7%. It highlighted the continued easing of inflationary pressure.
Mask interviews Trump
● 8/12 at 8 p.m. (EST, Tuesday at 9 a.m. Japan time), $Tesla (TSLA.US)$ Mr. Musk had a conversation with Donald Trump, the former US president and Republican presidential candidate, and it was broadcast live.
● Prior to that, Trump made several campaign messages and posts containing advertising sentences about being interviewed by Mask on the social media platform “X” one after another. This was a foreshadowing of Trump, whose access was prohibited due to the US Capitol riots, to officially return to X on January 6, 2021.
● However, this political slant is in Europe $Tesla (TSLA.US)$ It seems that it has begun to have a direct impact on its business development. Tesla's market share in the EU is already in jeopardy, and despite rising electric vehicle penetration rates in the same region, Tesla registrations fell to a 15-month low at the beginning of this year.
● 8/12 at 8 p.m. (EST, Tuesday at 9 a.m. Japan time), $Tesla (TSLA.US)$ Mr. Musk had a conversation with Donald Trump, the former US president and Republican presidential candidate, and it was broadcast live.
● Prior to that, Trump made several campaign messages and posts containing advertising sentences about being interviewed by Mask on the social media platform “X” one after another. This was a foreshadowing of Trump, whose access was prohibited due to the US Capitol riots, to officially return to X on January 6, 2021.
● However, this political slant is in Europe $Tesla (TSLA.US)$ It seems that it has begun to have a direct impact on its business development. Tesla's market share in the EU is already in jeopardy, and despite rising electric vehicle penetration rates in the same region, Tesla registrations fell to a 15-month low at the beginning of this year.
The price of gold is close to the highest in history
● The price of gold skyrocketed as it approached the highest price in history. Late Monday afternoon, the price of gold surged nearly 1.8% to $2,471, rising to $43.56 an ounce, making it the best performance in the last 10 days and approaching the all-time high of $2,482 recorded in mid-July.
● The price of gold skyrocketed as it approached the highest price in history. Late Monday afternoon, the price of gold surged nearly 1.8% to $2,471, rising to $43.56 an ounce, making it the best performance in the last 10 days and approaching the all-time high of $2,482 recorded in mid-July.
● Coupled with the decline in US bond yields and the intensification of disputes in the Middle East, TD Securities stated in the report that demand for precious metals as safe assets is increasing, and added that gold is currently viewed as a popular transaction no matter what indicators are viewed. The report also points out that although the market is generally bullish, there is a possibility that macro fund positions have reached their limits unless there is an impending recession.
● This week, gold traders will be searching for market catalysts, and the US will announce the PPI price index and CPI price index on Tuesday and Wednesday, respectively. The market anticipates that the US Federal Reserve (Fed) will cut interest rates at the 9/18 meeting.
● This week, gold traders will be searching for market catalysts, and the US will announce the PPI price index and CPI price index on Tuesday and Wednesday, respectively. The market anticipates that the US Federal Reserve (Fed) will cut interest rates at the 9/18 meeting.
●Related articles:Gold prices could reach $2,550 by the end of the year
The US budget deficit was 243.7 billion dollars in July, and 25% of tax revenue went to interest payments
● According to the latest monthly report released by the US Treasury Department, the budget deficit in July reached 243.7 billion dollars, second only to the deficit recorded in 2021/7, making it the second highest level in history for the same period.
● According to the latest monthly report released by the US Treasury Department, the budget deficit in July reached 243.7 billion dollars, second only to the deficit recorded in 2021/7, making it the second highest level in history for the same period.
● Overall, US spending far exceeded tax revenue, with tax revenue in July remaining at 330.4 billion dollars (down drastically from 466.3 billion dollars in June, exceeding 276.2 billion dollars a year ago), and government spending reached 573.1 billion dollars (537.2 billion dollars in June, higher than 496.9 billion dollars in July last year).
● According to the latest monthly report of the US Treasury Department, US bond interest payments in July were 88.6 billion dollars, accounting for about 25% of tax revenue, reaching 956 billion dollars in cumulative total, and are expected to reach 1 trillion157 billion dollars per year. Interest payments on US bonds will surpass social security expenses at the end of 2024 and become the largest government expenditure item in the United States, reach 1 trillion600 billion dollars, and there are analysts who predict that it will reach 1 trillion700 billion dollars by 2025/4.
Crude oil prices fall
● Crude oil prices fell after rising continuously for 5 days because the slowdown in global demand offset concerns about the intensification of the Middle East conflict.
● The Organization of Petroleum Exporting Countries (OPEC) has revised its demand forecasts for this year and next downward, suggesting a slump in crude oil consumption. At least today, the US view that the possibility of an attack on Israel by Iran has increased is overshadowed.
● Crude oil prices fell after rising continuously for 5 days because the slowdown in global demand offset concerns about the intensification of the Middle East conflict.
● The Organization of Petroleum Exporting Countries (OPEC) has revised its demand forecasts for this year and next downward, suggesting a slump in crude oil consumption. At least today, the US view that the possibility of an attack on Israel by Iran has increased is overshadowed.
Recovery of Japanese stocks
● The Nikkei Stock Average recovered last week to pre-turbulent levels, which recorded the biggest decline since 1987.
● Mitsui Ikuo of Aizawa Securities stated that investors are returning their focus to fundamentals and using cheap valuations. The governor of the Bank of Japan is scheduled to be called to the Diet later this month to explain the previous interest rate increase decision.
●Related articles:Tokyo Market Summary: Nikkei Average Rises by 1207 Yen, Returning Standard Performance Index for “Good Settlement Purchases” High Level for the First Time in 3 Years Nomura Securities
● The Nikkei Stock Average recovered last week to pre-turbulent levels, which recorded the biggest decline since 1987.
● Mitsui Ikuo of Aizawa Securities stated that investors are returning their focus to fundamentals and using cheap valuations. The governor of the Bank of Japan is scheduled to be called to the Diet later this month to explain the previous interest rate increase decision.
●Related articles:Tokyo Market Summary: Nikkei Average Rises by 1207 Yen, Returning Standard Performance Index for “Good Settlement Purchases” High Level for the First Time in 3 Years Nomura Securities
— MooMoo News Zeber
Source: Moomoo, Bloomberg, CME FedWatch
This article uses automatic translation for some of its parts
Source: Moomoo, Bloomberg, CME FedWatch
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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