Good morning to all Moomoo users!Here are the key points of the early morning report today.
●【Tokyo Stock Price Forecast Range】31,000-35,000 yen (closing price on the 29th was 33,221.22 yen)
●FRB, diluted 'hawkish tone' - considering a shift to rate cuts
The U.S. economy is slowing down in both economic activity and inflation according to the Beige Book.
Doubts remain regarding a soft landing, leading to the worsening slowdown of advanced economies, as per the OECD.
OPEC Plus is considering new production cuts amidst the turmoil in the Middle East.
Google accepts payment for news distribution, amounting to 10 billion yen per year in Canada.
- moomoo News Mark
Market Overview
In the U.S. stock market on the 29th, the Dow Jones Industrial Average rose by $13.44, or 0.03%, to $5430.42, a slight increase from the previous trading day. The Nasdaq Composite Index was down 23.266 points to 4258.490. In the Tokyo stock market on the 30th, the market displayed an unclear direction amid conflicting views on strength and weakness, with the Nikkei Stock Average seeing a hesitant movement around the previous day's closing price.
Top news
Federal Reserve Board, diluted "hawkishness" considering a rate cut
Federal Reserve System (FED)