In the morning of the 19th, there are three points that deserve attention when it comes to trade.
■aiming for the rebound of high-tech stocks even when in a stalemate ■Teijin, 3/25 downward revision of operating profit from 26 billion yen to 16 billion yen ■Points to follow in the morning: Tamura Manufacturing Corporation enters the market for railroad current sensors, expanding to Europe and the United States
In the morning of the 19th, the Japanese stock market is likely to exhibit a strong sense of stagnation after a round of buying. On the 18th, the US market saw Dow Jones Industrial Average rise by 56 dollars, and Nasdaq rise by 5 points. Due to lower than expected US retail sales in May, the view that this justifies the Federal Reserve Board's (FRB) rate cut was supported. But concerns about the US economy also spread at the same time, and upward trends were suppressed. The Chicago Nikkei 225 futures market opened 210 yen higher than Osaka's market at 38,610 yen. The yen exchange rate is hovering around 157.80 yen per dollar.
It is expected that buying will dominate trading based on the speculation of the Chicago futures market. The Nikkei 225 futures market broke through the -1σ of the Bollinger Band in the night session and rose to 38,620 yen at one point. It is conceivable that around 38,710 yen where the 25-day line is located, attention will be paid to a situation where stagnation is increasing after a round of buying, and this will lead to a stance of targeting declines. In addition, while the anticipation of a rate cut increased in the US market, concern about a slowdown in the American economy also rose, and the weight on trends upward was recognized.
■aiming for the rebound of high-tech stocks even when in a stalemate
On the Japanese stock market on the 19th, it is likely to exhibit a strong sense of stagnation after a round of buying. On the 18th, the US market saw Dow Jones Industrial Average rise by 56 dollars, and Nasdaq rise by 5 points. Due to lower than expected US retail sales in May, the view that this justifies the Federal Reserve Board's (FRB) rate cut was supported. But concerns about the US economy also spread at the same time, and upward trends were suppressed. The Chicago Nikkei 225 futures market opened 210 yen higher than Osaka's market at 38,610 yen. The yen exchange rate is hovering around 157.80 yen per dollar.
It is likely that buying will prevail as a result of a round-up based on Chicago futures. The Nikkei 225 futures market broke through the -1σ of the Bollinger Band in the night session and rose to 38,620 yen at one point. It is conceivable that around 38,710 yen where the 25-day line is located, attention will be paid to a situation where stagnation is increasing after a round of buying, and this will lead to a stance of targeting declines. In addition, while the anticipation of a rate cut increased in the US market, concern about a slowdown in the American economy also rose, and the weight on trends upward was recognized.
However, Nvidia has reached record highs with a 3.5% increase, and has become the world leader in market capitalization. Expectations for growth in AI-related areas remain strong, and large values with index impact are likely to become support materials for high-tech stocks. Also, Arm Holdings rose sharply by 8.6%, setting a new record high, and a speculative fund inflow is expected to Softbank G <9984>. Therefore, although the sense of stagnation as a whole is increasing, the willingness to buy high-tech stocks on dips is strong, and there is a possibility that it will lead to a solid market.
Yesterday's Nikkei Stock Average showed autonomous rebounds against the previous day's sharp decline, but after a round of buying, it remained in a narrow range. The level was the movement of the Bollinger Band -1 (38,450 yen) as a reference. While the high-tech stocks with large index impact lead the Nikkei average, it can be expected that around 38,725 yen where the 25-day line is located will come into view.
■Teijin, 3/25 downward revision of operating profit from 26 billion yen to 16 billion yen
Teijin <3401> announced a revision to its FY 2025 financial estimates. Revenue was downward revised from 1.5 trillion yen to 975 billion yen, and operating profit was revised from 26 billion yen to 16 billion yen. BXJ C2 Holding announced a tender offer for Infocom <4348> shares. The company will not apply for the tender offer for its own shareholding of Infocom, instead it will sell it through Infocom's share buyback program after the tender offer.
Materials of concern in the morning session
The Nikkei average rose (38482.11, +379.67).
The NY Dow rose (38834.86, +56.76).
The NASDAQ composite index rose (17862.23, +5.21).
1 dollar = 157.80-90 yen.
Chicago Nikkei futures rose (38610, Osaka comparison +210).
The SOX index rose (5765.12, +77.03).
The VIX index decreased (12.30, -0.45).
Crude oil futures in the United States rose (80.71, +0.99).
Long-term US interest rates fell.
Expectations for inflation to ease in the US.
Request for improvement in corporate value by the Tokyo Stock Exchange.
・Tamura Manufacturing Corporation <6768> enters the market for railroad current sensors, expanding to Europe and the United States
・Seino Holdings <9076> acquires Mitsubishi Electric's logistics company, expanding electronic-related functions
・Infocom <4348> sells "Me-Cha Commi" to US Blackstone, its parent company Teijin, for 134.3 billion yen
・NTT Data <9613> invests 40 billion yen in generated AI by the end of this fiscal year
・TEPCO Holdings <9501> collaborates with IT four companies for decarbonization with TEPCO Energy Partner, energy analysis, etc.
・ITOCHU <8001> invests in US truck self-driving and promotes logistics efficiency
・Toyota Boshoku <3116> develops hydrogen fuel-assisted bicycles, which have low environmental impact and use FCV parts
・Mitsubishi Heavy Industries <7011> acquires methanol RORO ships from Mitsubishi Shipbuilding and receives orders for two ships for domestic use.
・Honda <7267> starts jet aircraft utilization service in the cooperation of land and air mobility
・Mituboshi Belting <5192> builds a new building in the Nagoya factory for operation in 26 years.
- Exedy <7278> expand sales of agricultural drones in Japan and the United States. - Mitsui Ocean Development <6269> starts production of offshore equipment for ocean oil field professionals off the coast of Senegal. - Canon <7751> develops thick film optical conversion layers for next-generation batteries. - Gunze <3002> expands its lineup of long products, develops roll covers and explores new markets in Japan and Southeast Asia. - Air Water <4088> supplies light oil in Hokkaido with Idemitsu and others, promoting the use of biodiesel fuel. - Toyo Construction Industry <1885> collaborates with Polyuse to streamline bottom formwork and coastal construction in 3D stack molding. - Eneos HD <5020> collaborates with Mitsubishi Corporation on decarbonized fuel projects, exploring hydrogen utilization and other possibilities. - Denka <4061> invests in carbon fly for joint development of CNT for lithium batteries. - Nittobo <3110> increases production of special fiberglass in response to demand for DC in Taiwan. - Tokyo Building <8804> completes Hilton in Kyoto, which will open in September. - Asahi Kasei <3407> saves energy and improves quality with membrane filtration for injection water treatment equipment.
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- Gunze <3002>: Expanding long-length products, roll covers, domestic and Southeast Asian development.
Air Water <4088> supplies light oil in Hokkaido with Idemitsu and others, promoting the use of biodiesel fuel.
Toyo Construction Industry <1885> and Polyuse streamline bottom formwork and coastal construction in 3D stack molding to improve efficiency.
Eneos HD <5020> collaborates with Mitsubishi Corporation on decarbonized fuel projects, exploring hydrogen utilization and other possibilities.
Denka <4061> invested in carbon fly for joint development of CNT for lithium batteries.
Nittobo <3110> increases production of special fiberglass in response to demand for DC in Taiwan.
Tokyo Building <8804> completes Hilton in Kyoto, which will open in September.
Asahi Kasei <3407> saves energy and improves quality with membrane filtration for injection water treatment equipment.
☆ Schedule of events in the morning session
- 08:50 BOJ monetary policy meeting minutes (April 25-26)
May's trade balance: estimated at -1,285 billion yen; April: -465.6 billion yen.
07:45 NZ Q1 current account balance: estimated at -4.65 billion NZD.