Good morning to all Moomoo users!Here are the key points of this morning's first report.
● [Tokyo Stock Exchange Rate Forecast Range] 0.03 million7900 yen - 0.03 million8500 yen (22nd closing price 0.03 million8211 yen 01 sen)
● Is the 1% interest rate cut forecast going too far, or is the US PMI strong
● Did Federal Reserve Chairman Powell avoid mentioning pace or scale in his speech at Jackson Hole and his suggestion for September interest rate cuts
● Governor Ueda gave his first public explanation after “Black Monday”
● Video conferencing zoom exceeds expectations for the May-July fiscal year increase in sales and profit
● Traders rush into real estate stocks and bet on falling interest rates
-MOOMOO NEWS Amelia
Market Overview
In the US stock market on the 22nd, the NY Dow fell to 0.04 million712 dollars 78 cents, 177 dollars 71 cents lower than the previous business day. The Nasdaq Composite Stock Price Index fell 299.633 points to 0.01 million7619.354. The Nikkei Stock Average is expected to weaken in the Tokyo Stock Exchange on the 23rd.
Top news
Is the 1% interest rate cut forecast going too far, or is the US PMI strong
August S&P Global US Comprehensive PMI (Purchasing Managers Index, Leading Economic Index...

At 11:00 p.m. on the 21st Japan time, the U.S. Bureau of Labor Statistics (BLS) will announce the 2024 1st Quarter Employment Wage Quarterly Census (QCEW). Based on QCEW, provisional standard revisions will be made for non-farm sector employment standards, and next year, final standard revisions will be carried out together with the number of non-farm sector employees for January and February.
Financial institutions are wary of the possibility that employment statistics will be drastically revised downward. This data relates to labor market trends for one year from 2024/4 to 2024/3.
Goldman Sachs said in its research report that due to this annual revisionThe cumulative number of people employed in the non-farm sector was revised downward by 0.6 million to 1 million peopleIt suggested the possibility that it would be done. Meanwhile, Bloomberg's economic research teamThe scale of the downward revision reached 0.8 million peopleThere is a high possibility that the number of people employed in the non-farm sector in April and July this year will be revised to a level close to zero in the future,The US unemployment rate rose to 4.5% as early as OctoberThen I'm watching.
If the number of employed people is revised downward by 0.5 million1000 people or more,The biggest downward correction in the past 15 yearsIt becomes. This is because the cooling of the labor market has been longer than initially thought, and...

It's back, but how are you, I think those who can't move have returned quite a bit

The VIX Index is below 20, and the inflation rate is at its lowest level since 2021.
Do you think it's okay now?

　The stock price crash of August 2024 will remain in the memories of investors. It was a historic event. No, even so, the market was terrible, too bad. It's oversold.
　The Nikkei Stock Average fell by 4451 yen (12.4%) on 8/5, and the decline surpassed 3836 yen during Black Monday on 1987/10/20 and recorded the largest in history, and the rate of decline became second in history after 14.9% on Black Monday. It is said that many investors have blown away the profits of the past few years.
　This crash was due to a combination of factors such as the Bank of Japan's sudden interest rate hike (0.25%), the attendant appreciation of the yen, the occurrence of a yen carry trade (75% of 500 billion dollars was rewound at once), concerns about a recession in the American economy, the collapse of IT companies' stock prices, and the tense situation in the Middle East (geopolitical risk).
　However, he said, “There is no doubt that the main culprit is the Bank of Japan. In fact, the Bank of Japan is working hard to counteract the hawkish stance of Bank of Japan Governor Ueda by “maintaining current monetary easing under a situation where global financial markets are showing rapid fluctuations” (Deputy Governor Uchida). These are the 3 parties (Ministry of Finance, money...

・The Israeli military continued shelling of the Gaza Strip throughout the night, attacking homes in the Dalazi district of Gaza City, killing 5 people.
・Israel's Defense Minister Yoav Gallant condemned “violent and radical riots” by extremist Israeli settlers in the West Bank village of Jit.
· The US also condemned riots by extremist Israeli settlers as “unacceptable” and stated that Israel, a key ally, must protect the Palestinian “community” “from harm.”
・US Republican presidential candidate Donald Trump criticized President Joe Biden and Vice President Kamala Harris calling for a cease-fire in Gaza.
・Mr. Trump also told Israeli Prime Minister Netanyahu to “seize victory” at talks held in Florida last month, but insisted that “killings must be stopped” in Gaza.
・Israeli military fighter planes and artillery attacked bases in southern Lebanon overnight, including buildings used by Hezbollah in Kfar Kila village and locations in Rmeish and Ramyah villages.