Good morning to all Moomoo users!Here are the key points of the early morning news today.
Expected range for the Tokyo stock market: ¥0.04 million - ¥0.038 million 8000 (closing price on the 4th: ¥0.038 million 8635.62)
Solid US labor market: Exceeding expectations in employment statistics, and below expectations for the unemployment rate.
Probability of a 0.5% interest rate cut in November is 'zero'.
Mr. Zuckerberg rises to second place in the billionaire rankings, contributing to the rise of Meta.
Hon Hai's sales growth is accelerating due to strong demand for AI.
This week is full of tech stock events: Nvidia, Tesla.
Stocks with noteworthy 【good earnings】 today: Bike King, Yasukawa Denki, Intellix.
Saudi government fund considering increasing its stake in Nintendo Co Ltd - Kyodo News.
- Moomoo News Julie
Market Overview
The US market on the 4th saw stocks rise and bond prices fall on better-than-expected employment statistics. Following the improvement in the unemployment rate, expectations for a significant interest rate cut receded, leading to a rise in the dollar. With major bank earnings approaching, the finance sector rebounded. Semiconductor stocks also continued to rise. Crude oil futures saw a decrease in gains. It was reported that President Biden's election prompted Israel to refrain from attacking Iranian petroleum facilities.
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It is suggested that the approach should be entrusted to the Bank of Japan.
There should be some more inserted content as appropriate 😤

Mr. Ueda
This time it was decided to keep it as it is
It's a feeling of relief 🍻

The Bank of Japan's monetary policy meeting, which is the first meeting since the July meeting that triggered the "Black Monday of Reiwa", will be held on the 19th and 20th. The decision will be announced around noon on the 20th, followed by a press conference by Governor Kuroda in the afternoon.
The previous July meeting was an unforgettable event for stock investors.In addition to the second rate hike since March, Governor Kuroda mentioned the possibility of further rate hikes later this year in the press conference after the meeting.Surprising the market,it prompted a rapid appreciation of the yen and was one of the factors that led to the "Black Monday of Reiwa" on August 5th..
Although there is expected to be no policy change in this September meeting,Depending on the statements of Governor Ueda and others regarding the acceleration of the interest rate hike pace, there is a possibility of once again having a significant impact on the USD/JPY exchange rate and stock prices, and heading towards a double bottom cannot be ruled out.The current exchange rate is swinging towards a stronger yen due to speculation about a rate cut in the United States, which is reminiscent of the previous "nightmare." It is expected to be a tense and important event that even stock investors will be watching with bated breath.
The previous July meeting that led to a Black Monday in Reiwa
In the previous July meeting, the expectations of many market participants prior to the meeting were that the policy direction would become more hawkish compared to the June meeting...