I would like to pay attention to the following 3 points in the 11-day advance transaction.

■The rebalance movement ahead of the US CPI announcement

■Mitsui Hi-Tech, 25/1 revised downward operating income 13 billion yen ← 21 billion yen

■Notable materials on the front floor: Makino milling, machine tool companies, expanded support with rice, immediate response to customer needs

■The rebalance movement ahead of the US CPI announcement

The Japanese stock market on the 11th is likely to have a strong sense of stalemate while waiting for US economic indicators. In the US market on the 10th, the NY Dow depreciated by 92 dollars and the NASDAQ was 141 points higher. Financial stocks such as JPMorgan and Goldman Sachs were sold, and energy stocks weakened due to the decline in crude oil futures prices, and became a burden on the NY Dow. Meanwhile, a corner of high-tech stocks was bought, and the NASDAQ index continued to grow. However, since the US Consumer Price Index (CPI) for August is about to be announced the next day, sales with adjusted holdings became dominant as a whole. The Chicago Nikkei 225 futures settlement price is 36140 yen, 10 yen lower than Osaka. The yen exchange rate is hovering in the 142 yen 40 yen range per dollar.

It seems that the Nikkei Stock Average will start with small movements in the form of falling in line with Chicago futures. There was also a scene where Nikkei 225 futures were temporarily sold up to 35610 yen during the night session, but a buyback movement began towards the end of the game, and it ended at 36100 yen. Even though it's unstable, it's easy to be aware of its solidity around 36,000 yen. Also, a corner of semiconductors such as NVIDIA has been bought, and although it is a rebalance movement, it is thought that it will support East Electric ＜8035＞, etc.

Therefore, it seems that the Nikkei Stock Average will continue to move in the range of 36,000 yen to 36500 yen, which is yesterday's range. The Bollinger Band's -1σ is located around 35857 yen, and the same level seems to function as a support line. Also, futures options special clearing index calculation (major SQ) for the 9 month period are ahead on the weekend. Since rollovers associated with monthly changes are at the center of the futures market, movements that greatly tilt positions are limited. There seems to be an aspect where it is easy to be swayed by short-term trading, but coverage after that will also be quick.

Also, a television debate between Vice President Harris and former President Trump for the US presidential election will be held from 10:00 Japan time. While it seems to influence the course of the election campaign, there seems to be speculative movements using statements etc. as clues. In the United States, it is thought that trends are likely to emerge in response to CPI results, and from the viewpoint of holding adjustments, it seems that people will be aware of rebalancing movements that lead to repurchases of high-tech stocks in response to domestic demand profit determination.

■Mitsui Hi-Tech, 25/1 revised downward operating income 13 billion yen ← 21 billion yen

Mitsui Hi-Tech ＜6966＞ announced revisions to its earnings forecast for the fiscal year ending January 2025. Sales were revised downward from 237 billion yen to 214 billion yen, and operating profit was revised downward from 21 billion yen to 13 billion yen. In the electronic components business, we anticipate a drastic deterioration in business performance from the initial plan, which anticipated market recovery this fiscal year, due to sluggish final demand for various semiconductors and a decrease in order acceptance due to prolonged inventory adjustments. Also, in the electrical parts business, performance is expected to fall below expectations due to production adjustments from major customers and a decrease in sales volume by Japanese automobile companies in the Chinese market.

■Notable materials from the front

・The Nasdaq Composite Index rose (17025.88, +141.28)

・The SOX index rose (4680.67, +54.89)

・The VIX Index declined (19.08, -0.37)

・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

・Makino Milling ＜6135＞ machine tool companies expand support in rice and respond immediately to customer needs

・TEPCO HD ＜9501＞ Debris Test Recovery Begins at Fukushima Nuclear Power Plant, Assuming 3 grams for 2 weeks

・East Elec ＜8035＞Partnering with Tata Group to target Indian semiconductors

・Sumitomo Corp. ＜8053＞ Renewal procedures for American-grandson companies for cosmetic ingredients are difficult to continue due to increased litigation costs

・Fujitec (6406) obtained certification for remote monitoring of elevators in Singapore

・Driverless by JR East ＜9020＞ Shinkansen, introduced in Niigata, first shuttle car in fiscal year 29

・Suzuki ＜7269＞ Electric Mobility Base Unit Proposal Enhancement, Electric Wheelchair Technology Application

・Daifuku ＜6383＞ aims to make material handling unmanned by using 10% of employees as data analysis human resources

・Kyokuto Kaihatsu Kogyo ＜7226＞Receives an order for resource recycling facility maintenance in Ishikawa

・Sumitomo Electric Industries ＜5802＞ Expands sales of Diamond Tools and acquires Spanish company

・Mitsubishi Electric ＜6503＞Multilingual signage development and communication support for foreign employees

・Mercari ＜4385＞ listing information input support, AI function in flea market app, minimum 3 taps

・Sharp ＜6753＞ residential cloud storage battery, main unit volume reduced by 28%

・Grid ＜5582＞ quantum and classical optimization research to be established for virtual power plants

・TOPPAN HD＜7911＞TOPPAN digital, centralized management of display shelves at multiple stores, and aggregation of IC tag information

・Mass production of TDK＜6762＞ automotive multilayer ceramic capacitors, 1.5 times capacitance

・NTT ＜9432＞NTT West Japan expands 10 gigabyte optical line region

・ENEOSHD ＜5020＞JX Metals expands acceptance of non-ferrous recycled raw materials, 1.5 times higher in FY28

・Toa Gosei ＜4045＞ invests 3.8 billion yen in Nagoya plant, doubling production capacity for LiB binders

・LINTEC ＜7966＞ Wireless tag management for packaging and shipment, system development for the manufacturing industry

・KH Neochem ＜4189＞ refrigeration oil raw materials, production increase system, 1.5 times Chiba

・Mitsubishi Materials ＜5711＞ Improving Research Efficiency and Utilizing AI and Data for Material Development

☆ Front office event schedule

＜Domestic＞

・ 10:30 Bank of Japan deliberation committee member Nakagawa greeting (Akita, afternoon press conference scheduled)

＜Overseas＞

・Nothing in particular