Outlook for the US market: TSMC sees increased revenue and profit for the first time in four quarters, with the Dow Jones up 93 points at the start.
Hello, Moomoo users!Tonight's read on NY stocks.Market OverviewUSA Market Start, Dow Jones Industrial Average, composed of excellent stocks, opened at 37,847.21, up 93.90 dollars, with the NASDAQ Composite Index, which has a high proportion of technology stocks, starting at 15,705.69, up 22.32 points. The S&P 500, composed of 500 large cap stocks in the USA, closed at 5,031.52, up 9.31 points. $Dow Jones Industrial Average (.DJI.US)$$Nasdaq Composite Index (.IXIC.US)$$S&P 500 Index (.SPX.US)$Top news of individual stocksG7 reaffirmed in a statement their recognition that excessive exchange rate fluctuations have a negative impact on the economy.The G7 confirmed in a joint statement during the finance ministers and central bank governors meeting in Washington on the 17th local time, that excessive fluctuation in exchange rates adversely affects the economy. There are views that Japan, facing rapid depreciation of the yen, could use exchange intervention as a "get-out-of-jail card" to defend its domestic currency.US 10-year bond yields may reach 5%, facing the risk of massive stop-loss selling - Vanguard.The US bond market is approaching levels that could trigger massive selling, with the possibility of 10-year bond yields reaching 5%, according to Vanguard. Ares Kutony, Vanguard's Head of International Interest Rates, expressed in an interview, 'We are in a dangerous zone right now.' Even a slight increase in yield beyond the important level of 4.75% could force investors holding positions expecting price increases to unwind, potentially leading to a wave of selling pushing yields back up to the high levels of 2007.IMF's Georgieva urges fiscal tightening - preparing for the next shock.IMF's Managing Director Georgieva called for fiscal tightening to major countries that have significantly increased their debt over the past few years in response to the COVID-19 crisis.Berkshire Yen Bonds, the second largest issuance ever - expecting investment in Japanese stocksLeading investor Warren Buffett's US investment and insurance company $Berkshire Hathaway-A (BRK.A.US)$ On the 18th, the conditions for issuing yen-denominated corporate bonds were determined. The total issue amount is 263.3 billion yen, the second largest after Berkshire's initial bond in 2019, and there are voices in the market pointing out the possibility of additional investment in Japanese stocks.[Earnings] Taiwan TSMC sees revenue and profit growth for the first time in 4 quarters, returning to a growth trajectory.The world's largest semiconductor contract manufacturer $Taiwan Semiconductor (TSM.US)$ Announced the financial results for the first quarter of 2024. Net profit increased by 8.9% compared to the same period last year, marking the first profit growth in a year. Both revenue and net profit reached their highest levels as of the same period in the past.Tesla ends contracts with 300 temporary employees in Germany, without rehiring them.The US electric vehicle (EV) giant Tesla $Tesla (TSLA.US)$ announced on the 18th that the contracts for 300 temporary employees in Germany have ended without renewal, revealing that the company plans to cut more than 10% of its global workforce.Amazon, Rakuten, etc. compete by listing and gathering information, according to WSJ reportsUSA $Amazon (AMZN.US)$ through undisclosed companies with connections to their own, they have been listing on e-commerce (EC) sites in Japan and the US, gathering information on competitors. Reported by the US newspaper Wall Street Journal (WSJ) on the 17th. $RAKUTEN GROUP INC (RKUNF.US)$ in Japan and the US $Walmart (WMT.US)$ e-commerce sites like those of Amazon and the US, were listing and gathering information on competitors. Reported by the US newspaper Wall Street Journal (WSJ) on the 17th.Source: Nikkei, Bloomberg, Dow Jones, Reutersmoomoo News of Zeber
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