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US market outlook: The US CPI in September did not slow as much as expected, and the Dow average started at a rise of 40.78 dollars

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moomooニュース米国株 wrote a column · Oct 12, 2023 08:36
US market outlook: The US CPI in September did not slow as much as expected, and the Dow average started at a rise of 40.78 dollars
Good evening to all Moomoo users!This is the reading for tonight's NY stock.

Market Overview
The fact that the September US CPI grew above market expectations became heavy, and continued to grow only slightly. The Dow Jones Industrial Average, which consists of excellent stocks, rose 40.78 dollars to 33845.65 dollars, and the Nasdaq Composite Stock Price Index, which has a high high-tech stock ratio, began at 13672.47 with a 12.79 point increase. The S&P 500 average, which consists of stocks of 500 companies, which are large US stocks, rose 3.99 points to 4380.94.
US market outlook: The US CPI in September did not slow as much as expected, and the Dow average started at a rise of 40.78 dollars
$Dow Jones Industrial Average(.DJI.US)$
$Nasdaq Composite Index(.IXIC.US)$
$S&P 500 Index(.SPX.US)$

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Update - [Index Bulletin] US September CPI surpassed market expectations with a 3.7% increase from the previous year, and the core index rose 4.1% from the same period
The consumer price index (CPI) for September announced by the US Department of Labor Statistics rose 3.7% from the previous year, exceeded market expectations by 3.6%, and rose 3.7 percent in the previous fiscal year. The rise in prices, which had been accelerating for two consecutive months, has come to a standstill. There was a 0.4% increase from the previous month, and although growth slowed from 0.6% in the previous fiscal year, it exceeded market expectations of 0.3%, and the high level continues.

Long-term US interest rates are moving away from 5% comments from senior FRB officials are boosted
The decline in long-term US interest rates (rise in bond prices) has continued since the beginning of this week. This is because in addition to US bonds being bought, which are regarded as relatively safe assets due to the tense situation in the Middle East, senior US Federal Reserve (FRB) officials have shown a reluctance to raise additional interest rates. However, there is also an aspect where the rise in long-term US interest rates up to this point has strengthened the monetary tightening effect in place of the FRB. There is also a view that if interest rates drop drastically, the FRB will consider additional interest rate increases again, so it may be premature to determine that long-term US interest rates have turned to a medium- to long-term downward trend.

TSMC supports mass production of the most advanced 6-nano semiconductors in Japan in Kumamoto
Of the world's leading semiconductors $Taiwan Semiconductor(TSM.US)$It became known that (TSMC) is planning to manufacture advanced domestic semiconductors with a circuit line width of 6 nanos (nano is 1/1 billion) meters within Japan. It will be manufactured at Kumamoto Plant 2, which is under construction. The total investment amount is approximately 2 trillion yen, and the Ministry of Economy, Trade and Industry will consider financial support of up to 900 billion yen.

Honda is the key to EV data that tracks Tesla even in electric power
$Honda Motor(7267.JP)$But $Mitsubishi(8058.JP)$They teamed up with and decided to enter the power infrastructure business utilizing electric vehicles (EVs). EV batteries with monitoring functions will be reused as storage batteries to store surplus power, and we aim to use EVs to adjust the supply and demand of electricity in the future. Rice is the world's largest EV company leading the way in the electric power business $Tesla(TSLA.US)$I'm going to chase it. What holds the key to a comeback is data.

Crude oil around $100 destroyed demand, recent price declines indicate - IEA
The International Energy Agency (IEA) expressed the view that the decline in crude oil prices from 1 barrel = close to 100 dollars indicates that high crude oil prices have reached a level where demand declines have begun in the United States and other regions. The IEA said in its monthly report, “The deterioration in macroeconomic indicators and signs that demand is being destroyed in the US have surpassed supply unease. Gasoline demand in the US has fallen to a low level for the first time in 20 years,” he pointed out. “Demand destruction is even more serious in emerging markets where the effects of exchange rates and the cancellation of subsidies are spurring fuel price increases,” he continued.

US crude oil production recorded a record high, and the end of the year will increase further - EIA forecast
U.S. crude oil production recorded a record high in July-September (third quarter), and is expected to increase further in October-December (fourth quarter). As global supply and demand are tight (squeezed) due to supply cuts in Saudi Arabia and Russia, supply by the United States is becoming increasingly important.

US authorities request 4.3 trillion yen additional tax payment from Microsoft over transfer prices
paddy $Microsoft(MSFT.US)$It was revealed on the 11th that a notification requesting additional tax payment of 28.9 billion dollars (about 4.3 trillion yen) was received from the US Internal Revenue Service (IRS). The content calls for adjustments in tax payments for the 2004-13 fiscal year with respect to income transfers between the head office and overseas subsidiaries. In addition to filing an objection, the company indicated a policy to file a lawsuit if an agreement was not reached.

American Auto Workers Union, 8,700 people participate in surprise strike at Ford's main plant
The American Automobile Workers Union (UAW) announced on the 11th that out of the “Big 3” of the major US automobile companies that are carrying out a strike, US $Ford Motor(F.US)$It was revealed that union members at the main factory located in southern Kentucky went on strike from the same day. It is said that there are approximately 8,700 union members at the same plant.

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Distributor: Nihon Keizai Shimbun, Bloomberg, QUICK MONEY WORLD, MOOMOO
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