The Federal Reserve is expected to implement a rate cut in September. As Wall Street is looking for the sector that will benefit the most when the rate cut is implemented, Morgan Stanley isfocusing on biotechnology。upcoming rate cut in the USA、attractive valuationand a series of positive factors are driving biotechnology stocksaiming for high performance in the next few quartersThat's it.
In early 2021, due to expectations for new coronavirus vaccines and treatments, biotechnology stocks surged to record highs, but as the pandemic subsided, biotechnology stock prices also fell. In the second half of 2023, investors areexpecting the Fed to cut interest rates in early 2024biotechnology stocks temporarily surged. However, due to inflation rates exceeding initial forecasts at the beginning of the yearThe fervor has cooled as the Federal Reserve Board (FRB) decided to hold off on a rate cut. With the inflation rate steadily declining and an impending rate cut by the US Federal Reserve, analysts believe it will be a tailwind for the biotechnology sector. In mid-July, the US Consumer Price Index (CPI) is expected to reach an annualized 3%...

This article uses automatic translation for some of its parts
Number of people employed in the non-farm sector in MarchIsFriday (5th) at 09:30 p.m. Japan timeIt is scheduled to be announced on At the market, in March of riceThe number of people employed in the non-farm sector is expected to increase by 198,000, and the unemployment rate is expected to rise to 3.8%It's been done.
The number of US job offers for February announced this Tuesday was almost unchanged from the previous month. It was suggested that demand for labor is stabilizing at a high level.
Also, on Wednesday of this week, according to the March US Employment Report announced by Automatic Data Processing (ADP), a payroll calculation service for enterprises, the number of people employed in the private sector increased to 184,000, the largest since July last year, which suggests signs that the labor market remains strong.
Chairman Powell gave a lecture at Stanford University in California on the 3rd. According to him, it suggests the idea that they would like to wait for a more clear signal of slowing inflation before starting interest rate cuts. Regarding the fact that a higher inflation rate was shown recently, it was recognized that it would not change the broader trajectory.
According to US employment statistics for the first fiscal year (February) announced by the US Department of Labor on the 8th of the previous month, the non-farm sector's...

Good morning to all moomoo users!Here are the key points of this morning's first report.
● [Tokyo Stock Exchange Rate Forecast Range] 39,900 yen - 40,600 yen (closing price on the 19th is 43 yen 60 sen)
● US Federal Reserve keeps policy interest rate unchanged and maintains interest rate cut forecast 3 times during the year
● [US Market Conditions] The S&P 500 is the highest every day, and the dollar has depreciated drastically since March - 151 yen
● The US Department of Justice also sued Apple on the 21st - alleges that it violates antitrust law
● US Reddit sets the IPO price at $34, the upper limit of the target range
● Is SEC investigating the Ethereum Foundation and tightening restrictions on virtual currency
●Tesla to implement “Model Y” price increase in China
● In the gap between NVIDIA, emerging forces break out with “openness”
— MooMoo News Kathy　　
Market Overview
In the US stock market on the 20th, the NY Dow Jones Industrial Average continued to rise for 3 days to 39,512 dollars 13 cents, which was 401 dollars 37 cents higher than the previous business day. The Nasdaq Composite Stock Price Index rose 202.617 points to 16,369.408. The risk-on trend continued in the Tokyo stock market on the 21st, and the Nikkei Stock Average was 40,000 yen...