I would like to pay attention to the following 3 points in the pre-market transaction on the 9th.

■Find out when to aim for a push

■Kumiai, 3Q operating profit down 12.8% to 12.2 billion yen

■Featured materials from the front floor: Boeing spacecraft, unmanned return, Starliner

■Find out when to aim for a push

The Japanese stock market on the 9th is likely to develop to determine solidity after a round of sales. In the US market on the 6th, the NY Dow depreciated by 410 dollars and the NASDAQ depreciated by 436 points. According to the US employment statistics for August, in addition to the number of people employed in the non-farm sector falling below expectations, concerns about a slowdown in the labor market and economy spread in response to a downward revision in the number of employed people in the past 2 months, and a wide range of stocks were sold. Also, since Director Waller of the US Federal Reserve (Fed) received the results of employment statistics and mentioned the necessity of policy revisions, and expressed an attitude supporting drastic interest rate cuts, a sense of caution intensified. The Chicago Nikkei 225 futures settlement value is 35255 yen, 1105 yen lower than Osaka. The yen exchange rate has been hovering in the 142 yen 20 yen range per dollar.

The Nikkei Stock Average is likely to start ahead of sales because it looks like it's moving towards Chicago futures. Nikkei 225 futures were sold up to 35120 yen at one time during the night session, and they dropped to the -1σ level of Bollinger Bands. While sales gimmicks aimed at the 35,000 yen split are easy to enter, futures option special settlement index calculation (major SQ) for the 9 month period is ahead on the weekend, so there seems to be a possibility that hedging-compatible sales will intensify.

Meanwhile, the sense of caution against the US employment statistics for August had already intensified due to the sharp drop in response to the results of the US employment statistics for July. The Nikkei Stock Average fell by over 2200 yen last week due to caution against the labor market deceleration in response to the results of recent employment-related indicators, so this was probably factored in to some extent. Although major stock indices fell in the US market, the decline in the NY Dow remained at around 410 dollars. The decline on 8/5, which received the July employment statistics, was over 1000 dollars. Therefore, it seems that they will also move towards the view that turbulence has been avoided.

Also, although the US VIX index surpassed 22.38 and 20.00, there was also a scene where the previous month received US employment statistics and rapidly increased to 65.73 at one point. There has also been a fairly calm movement since the previous month, and it is expected that after the first round of sales, they will search for timing to push while determining solidity. Also, since major SQ is ahead, rollovers associated with monthly changes will take center stage in the futures market, and manipulative trading will be refrained. Although it is difficult to expect aggressive price increases, it seems that people will be aware of buying with the aim of pushing ahead in a situation where solidity is seen.

■Kumiai, 3Q operating profit down 12.8% to 12.2 billion yen

The results for the third quarter of the fiscal year ending 2024/10 announced by Kumiaika ＜4996＞ were sales of 129.2 billion yen, down 0.9% from the same period last year, and operating profit of 12.2 billion 98 million yen, down 12.8% from the same period last year. In the pesticide and agriculture-related business, sales of box treatment agents containing the paddy rice disinfectant “disalta agent” and the paddy rice herbicide “Effida Agent” were strong for the domestic market, but due to the effects of some products being sold out, etc., it was on par with the same period last year. For overseas markets, shipments of the field-acting herbicide “axive agent” to the same country increased due to the relaxation of import restrictions in Argentina, but shipments to the United States and Australia declined due to the effects of global pesticide inventory compression.

■Notable materials from the front

・Long-term US interest rates have declined

・Expectations that US inflation will calm down

・Active share buybacks

・Request for improvement of corporate value by the Tokyo Stock Exchange

· Boeing spacecraft, unmanned return, Starliner

・If it's US Cliffs, desire to acquire assets, or Nippon Steel's US Steel settlement

・Tachimin representative battle, dispute between the four clans, debate on the path to a change of government

・After the presidential election to sentence Mr. Trump, the hush trial was postponed to November

・Presidential elections, incandescent appeals, Liberal Democratic candidates, local lectures

☆ Front office event schedule

＜Domestic＞

・ 08:50 GDP 2nd bulletin for the April-6 fiscal year (annual rate forecast compared to the previous fiscal year: +3.2%, 1st preliminary report: +3.1%)

・ 08:50 July current account balance (forecast: +2 trillion508.1 billion yen, June: +1 trillion533.5 billion yen)

＜Overseas＞

・ 10:30 Mid-August Consumer Price Index (year-on-year forecast: +0.7%, July: +0.5%)

・ 10:30 Mid-August Producer Price Index (year-on-year forecast: -1.4%, July: -0.8%)