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Insights Into Sony Group's Upcoming Earnings
Profit-taking dominant near 0.04 million yen, but Trump trade continues.
The Nikkei Average fell. It ended trading at 39,381.41 yen, down 99.26 yen (with an estimated volume of 2.750 billion shares). In the U.S. market on the 6th, former President Trump, the Republican candidate, won the presidential election held on the 5th and the Republican Party secured a majority in the Senate in the federal congressional elections. Expectations are rising for Trump to push ahead with tax cuts and deregulation promised, leading to major stock indexes hitting record highs across the board. Following this trend, the Tokyo market opened with buying ahead, and the Nikkei Average stock price reached the opening price.
The Nikkei average fell for the first time in 3 days, with a backlash from the sharp rise the previous day taking precedence.
On the 6th, the US stock market saw a significant rise. The Dow Inc rose by $1508.05 to $43729.93, while the Nasdaq rose by 544.29 points to 18983.46 at the close of trading. Boosted by optimism following the presidential election clearance, there was strong buying interest post-opening leading to a significant increase. Expectations for pro-business policies of the second Trump administration, such as deregulation leading to increased corporate earnings, accelerated the buying interest and the market remained firm throughout the day. Positive views on the economy and the Federal Reserve Board's Federal Open Market Committee (FRB) led to optimistic sentiment.
Determining the sustainability of Trump trade while being risk averse.
[Stock Opening Comments] On the 7th, the Japanese stock market started with buying ahead, likely to enter a battle at 0.04 million yen. On the 6th, the USA market saw the Dow Jones Industrial Average rise by 1508 points, and the Nasdaq by 544 points. The uncertainty was dispelled by the presidential election passing. Expectations for the pro-business policies of the second Trump administration, such as deregulation leading to increased corporate profits, accelerated buying and remained strong throughout the day. The settlement price of the Chicago Nikkei 225 futures was 40,035 yen, up 335 yen from Osaka. The yen exchange rate is 154 yen to the dollar.
Tsugami, Hitachi Construction Machinery, etc. [List of stock information from newspapers]
*Tsugami <6101> china's annual production increases by 20% to 0.022 million units, expanding lathe and MC products (Nikkan Sangyo front page) - ○*NTT <9432> Docomo, full-scale introduction of virtualized base stations next fiscal year, multiple companies' products can be used (Nikkan Sangyo page 3) - ○*Tadano <6395> Acquires transportation system from IHI group, strengthens overseas expansion (Nikkan Sangyo page 4) - ○*Itochu <8001> Additional investment of 117 billion yen in Brazilian iron ore (Nikkan Sangyo page 4) - ○*Hino Motors <7205> Introduces full-flat EV route buses, benefits.
Kirin Holdings, shiseido company,limited sponsored adr, Tokyo Metro, NTT (7 days)
※The above calendar is only a schedule and may be subject to change due to company's convenience. ---------------------------------------November 7th (Thu) <1375> Yukiguni Maitake <1382> Hobe <1439> Yasue Construction <147A> Soracom <1515> Nittetsu-ko <1719> Ando Hazama <1720> Tokyu Construction <1738> NITTOH <1788