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Three points to focus on in the first half of the market - short-term trading is the main focus while waiting for the results of the FOMC.
In the trading session before noon on the 18th, I would like to focus on the following three points. ■ Short-term trading is the focus while waiting for the FOMC results. ■ Estelle, 2Q operating loss, deficit narrowed by ▲0.317 billion yen. ■ Materials of interest in the morning session: Toyota's Lexus "UX" production has ended, focusing on next-generation EVs. ■ The Japanese stock market on the 18th is likely to exhibit a strong sense of stagnation. In the US market on the 17th, the Dow Jones Industrial Average fell by 267 points, while the Nasdaq dropped by 64 points. Morning updates...
Toyota Motor, Sumitomo Pharma, etc.
*Toyota <7203> ends production of the Lexus 'UX' and focuses on next-generation EVs (Nikkankogyo, page 1) - ○ *Honda <7267> aims to double hybrid vehicle production by 2030, targeting global sales of 1.3 million units per year (Nikkankogyo, page 1) - ○ *Sumitomo Pharma <4506> and Sumitomo Chemicals establish a new company for regenerative and cell medicine, aiming for a scale of 350 billion yen in the late 2030s (Nikkankogyo, page 3) - ○ *Tokyo Gas <9531> signs an agreement with McDonald's to supply renewable energy to 75 stores in the Kanto area (Nikkankogyo, page 3) - ○ *Japan Escon <8892> Mitsubishi Chemicals.
Toray Reaffirms Its Support of the Composite Core Conductor Market as DOE Awards GRIP Projects
The Nikkei average fell slightly, with trading restrained ahead of the Japan-U.S. central bank meetings.
Last weekend, the Dow Inc in the USA closed down by 86.06 dollars at 43,828.06 dollars, while the Nasdaq finished up by 23.88 points at 19,926.72 points. Major corporate earnings were positively received. However, the Dow turned downward due to selling pressure from speculation regarding a slowdown in the Federal Reserve's interest rate cuts and profit-taking, and it remained soft throughout the day. The Nasdaq faced pressure from high interest rates, but the rise in Semiconductors Broadcom boosted the Index ETF, keeping it stable throughout the day. The market ended mixed.
Snow Brand Meg, Kobe Bussan ETC (additional) Rating
Changes in Target Price Code Stock Name Brokerage Firm Previous After ----------------------------------------------- <2270> Snow Brand Milk Mizuho 3250 yen 3300 yen <2282> Japan Ham Morgan Stanley 5300 yen 5400 yen <3038> Kobe Bussan Nomura 3800 yen 4000 yen <3402> TORAY INDS INC Morgan Stanley 980 yen 1210 yen <4681> Resort Trust Morgan Stanley 3450 yen 3700 yen <4681> Resort Trust
Three key points to watch in the first half of the session - considering the rise in U.S. tech stocks and the retreat of domestic political risks.
In the early trading session, I want to focus on the following three points: ■ The rise in USA tech stocks and the retreat of domestic political risks are seen as material factors. ■ Kurazushi's operating profit for fiscal year 24/10 increased by 132.0% to 5.699 billion yen, while the forecast for 25/10 is a decrease of 12.3% to 5 billion yen. ■ Key materials of the session: DMG Mori Seiki plans to quadruple its Nara factory and enhance its automation systems. The Japanese stock market on the 12th is likely to develop with buying prevailing. On the 11th, in the USA market, the Dow Jones Industrial Average rose by 9.
