The U.S. new non-farm payroll figures for July, released on Friday, fell below expectations,and the unemployment rate rose to 4.3%.This exceeds the latest forecast of a long-term unemployment rate of 4.2% by the Federal Reserve Board (FRB), triggering the "Somm Rule" and igniting concerns about an economic downturn.所謂「Somm Rule」 refers to igniting concerns about an economic downturn.。
The so-called "Somm Rule" is a rule that suggests an economic downturn when the 3-month moving average of the unemployment rate rises by 0.5% from the lowest point in the past 12 months.The so-called "Somm Rule" is a rule that suggests an economic downturn when the 3-month moving average of the unemployment rate rises by 0.5% from the lowest point in the past 12 months.It implies the onset of an economic downturn.
Looking at the recent situation in the United States, the unemployment rate in May was 3.96%, in June it was 4.05%, and in July it rose to 4.3%, already exceeding the low point by 0.5% and triggering the "Somm Rule," indicating the strict onset of an economic downturn.
Based on past data, once the "Somm Rule" for an economic downturn indicator is triggered, it is akin to completely opening the box of an economic downturn. Since the Federal Reserve Board (FRB) economist Mr. Somm proposed the "Somm Rule",The recession prediction accuracy of this indicator is 100%.And it can be said that the "Sam Rule" has been proven in all 11 recessions that have occurred in the United States since 1950.
Unemployment...

Column: The tide has changed in Japanese and American financial policies, and the cycle is a weak dollar and strong yen, according to Mr. Daisaku Ueno.
August 5, 2024, 3:46 PM GMT+9 (excerpt)
In the midsummer foreign exchange market, the dollar has weakened and the yen has strengthened. There was a momentary drop to the 141 yen range, the lowest level in about 7 months, in the Tokyo market on August 5th. In just about 5 weeks, it has fallen more than 20 yen from the peak of 161.95 yen recorded on July 3, which was the highest level in about 38 years. What exactly is happening?
There are three reasons behind the rapid progression of the dollar weakening and yen strengthening.
First, it is believed that the consecutive two-night 　5.5 trillion yen scale dollar selling intervention by the Japanese Ministry of Finance on July 11-12 played a role in absorbing the yen selling demand caused by Japan's trade and services deficit, outflow of foreign securities investment, and outflow of foreign direct investment, and set the stage for the subsequent sharp drop in the USD/JPY exchange rate.

In Monday's trading, $Taiwan Semiconductor (TSM.US)$hit a record high of $192.8 per share and momentarily exceeded a market capitalization of 1 trillion dollars.
Price increase is good news
A month ago, after the annual shareholder meeting, President Wei Zhejia mentioned considering a price increase for the company's ai chip contract manufacturing services with NVIDIA's CEO, Jensen Huang. $NVIDIA (NVDA.US)$At the same time, TSMC is considering $Qualcomm (QCOM.US)$, $Advanced Micro Devices (AMD.US)$, $Intel (INTC.US)$It was also emphasized that they are producing all the latest AI chips for morgan stanley.
Mr. Jensen Huang also said, "TSMC's wafer prices are indeed too low. In terms of TSMC's contribution to the global high-tech industry, this earnings report is clearly undervalued...

Major US semiconductor company $NVIDIA (NVDA.US)$isShares will split from 1 share to 10 shares on 6/10 (Monday)It was announced. The stock price per share has dropped, and since the minimum investment amount required has decreased, it will be a stock price that is easy for more investors to reach (after the previous stock split in 2021, currentlyNVIDIA shares rose more than 450%Doing it).
The company hit a new high again on 6/4, and the stock price closed 1.25% higher and reached $1164.37. The total market value of NVIDIA is about 2.86 trillion dollars, and it is approaching Apple, which is the second largest in terms of market capitalization, about 2.98 trillion dollars.
If the closing price of the stock price the day before was 1164.37 dollars, when 1 share is divided into 10 shares, the price per share would be approximately 116.44 dollars.
Let's get benefits by predicting how far NVIDIA's stock price will rise 10 days before the stock split, and what will happen to the stock price on the first day after the stock split.
[Voting Privileges]
● Rewards: 10,000 points distributed evenly
June 10th at 10:30 p.m. (Japan time)By,NVIDI...

Good morning to all moomoo users!Brief overview of this morning's market opening. Thank you.
Market Overview
In today's Tokyo stock market, the Nikkei average stock price started at 37,871.92 yen, up 319.76 yen from the previous trading day, and the Tokyo Stock Price Index (TOPIX) started at 2,678.83, up 12.60 points.
Top News
Bank of Japan to hold decision meeting from the 25th, discussing the impact of accelerated depreciation of the yen - Nikkei newspaper
The Bank of Japan will hold a monetary policy decision meeting on the 25th and 26th. Having just lifted the negative interest rate at the March meeting, there are few expectations in the market for an additional rate hike at this meeting. The Bank of Japan will discuss the impact of the yen's depreciation on import prices and other factors contributing to inflation. An area of focus is when the Bank of Japan, having ended its unconventional easing measures, will start reducing the amount of government bond purchases.
Concerns rise in Japan's stock market about disadvantages of chronic weakening yen - impacting domestic demand by increasing costs
As the market moves into a 34-year low range, there is a growing sense of caution in the Japanese stock market regarding the disadvantages brought by the chronic depreciation of the yen. When it comes to a weak yen, major manufacturers with high market capitalization like global automobile and electronics companies are often mentioned.