NY Dow and cryptocurrency-related stocks all fall, Apple announces MR headset | 6th Financial Tankan

1 year ago 62

June 6 (Tue) morning market trends (compared to the previous day)

traditional finance

NY Dow: $33,562 -0.5%
Nasdaq: $13,229 -0.08%
Nikkei Stock Average: ¥32,217 +2.2%
USD/JPY: 139.5 -0.3%
USD Index: 104 0%
10-year US Treasury yield: 3.69 -0.1% per annum
Gold Futures: $1,977.7 -0.02%

crypto assets

Bitcoin: $25,575 -5.9%
Ethereum: $1,802 -5.2%

NY Dow Nasdaq today

Today’s NY Dow dropped to -199.9 dollars. The Nasdaq also closed down $11.3. The market appears to be in a more wait-and-see mood ahead of next week’s US CPI and FOMC.

At the moment, expectations for a pause in June interest rate hikes are hovering around 76%.

Source: CME

The Nikkei Stock Average broke through the 32,000 yen level on the 5th, setting a new record high since the collapse of the bubble economy.

U.S. Debt Resolve

Regarding the US debt problem, US President Biden signed the bill on the federal debt ceiling on the 3rd and enacted the “Fiscal Responsibility Act.” This averted a US default and a devastating blow to the economy.

The Fiscal Responsibility Act suspends the application of the debt ceiling until January 1, 2025, capping federal spending over the next two years.

connection: U.S. Debt Ceiling Suspension Bill to be Signed by President, U.S. Stocks Continue to Rise | 3rd Financial Tankan

oil production cut

The Organization of the Petroleum Exporting Countries (OPEC) and OPEC Plus, which consists of non-member oil-producing countries such as Russia, agreed on the 4th to extend the production cut agreement until the end of 2024. Saudi Arabia announced in July that it would voluntarily cut production by an additional 1 million barrels per day.

Following Saudi Arabia’s announcement of additional cuts, crude oil futures prices surged temporarily in the early morning of the 5th Asian time. Shares of U.S. oil giants Chevron and ExxonMobil also rose, but then fell.

Eight countries, including Saudi Arabia, announced in April this year that they would voluntarily cut production by 1.16 million barrels per day until the end of 2023 in order to support crude oil prices, which have been on a downward trend due to concerns about a global economic slowdown.

economic indicators

June 2, 21:30 (Friday): May unemployment rate, May average hourly wage
June 13, 21:30 (Tue): May Consumer Price Index (CPI)
Wednesday, June 14, 21:30: May Wholesale Price Index (PPI)
June 15, 3:00 (Thursday): US Federal Open Market Committee (FOMC) policy interest rate announcement

US stocks

Apple’s Mixed Reality (MR) headset announcement attracted attention today, but other IT and high-tech stocks seemed to have a strong wait-and-see atmosphere. Individual stocks compared to the previous day: NVIDIA -0.4%, c3.ai +9.4%, AMD +0.05%, Tesla +3%, Microsoft +0.1%, Alphabet +1%, Amazon +0.8%, Apple +1.4%, Meta + 0.4%.

Apple “Vision Pro”

Apple held its annual developer conference “WWDC23” early this morning in Japan time and announced an MR headset called “Vision Pro”.

Welcome to the era of spatial computing with Apple Vision Pro. pic.twitter.com/PEIxKNpXBs

— Tim Cook (@tim_cook) June 5, 2023

The Apple Vision Pro is scheduled to be available in early 2024 for $3,499 (487,000 yen), but the “too high” price seems to have become a negative factor, and Apple’s stock price rose from $184.56 at the start of the WWDC23 keynote to $178.15 at one point. decreased to

Apple Vision Pro does not have a controller such as Meta Quest, and can be operated intuitively with hand gestures and voice. It supports MR technology that fuses the real space and computer display, and it is said that it feels as if digital content such as images, photos, and games physically exist in the space where the user exists.

connection: Top 3 rankings of ETFs (listed investment trusts) in Japan and overseas that can be purchased with NISA