U.S. AI and high-tech stocks selling intensifies, impact of Russian armed uprising is limited | 27th Financial Tankan

1 year ago 98

6/27 (Tue) morning market trends (compared to the previous day)

    traditional finance

  • NY Dow: $33,714 -0.03%
  • Nasdaq: $13,335 -1.1%
  • Nikkei Stock Average: ¥32,698 -0.2%
  • USD/JPY: 143.4 -0.01%
  • USD Index: 102.7 -0.1%
  • 10-year US Treasury yield: 3.72 +0.05% per annum
  • Gold Futures: $1,933 +0.02%
  • crypto assets

  • Bitcoin: $30,177 -1.2%
  • Ethereum: $1,855 -2.7%

NY Dow Nasdaq today

Today’s NY Dow is flat at -12.7 dollars. The Nasdaq closed down $156.7.

Fed Chairman Jerome Powell last week indicated that there is a possibility of raising interest rates two more times by the end of the year, and the UK raised interest rates more than expected. be. Fears are growing that central banks may raise interest rates further than expected, and there seems to be heightened vigilance over risks that could weigh on the economy.

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The ECB Forum, an international financial conference hosted by the European Central Bank (ECB), opens today in Sintra, Portugal. Powell, ECB Governor Lagarde, Bank of Japan Governor Ueda, and Bank of England Governor Bailey are expected to join the debate on Wednesday. Due to the commitment of each country to curb inflation by 2%, there is high speculation that the interest rate hike cycle is not over yet, and an additional interest rate hike, including in the United States, is almost certain in July, and we are heading in the direction of an additional interest rate hike in September. It seems

The focus of attention at this forum is expected to be the landing point of the policy interest rate in the euro area. The ECB has already hiked interest rates by 4 percentage points since the last forum, but at the moment Lagarde and other policy committee members have yet to reach a consensus on the appropriate rate hike to keep inflation under 2%. No.

According to Bloomberg and others, the euro zone was in a mild recession from October last year to March this year.

dollar yen

Yen rises against dollar. In response to the restraining remarks by Finance Minister Masato Kanda, the currency was temporarily bought to the mid-143 yen level.

Finance Minister Kanda told reporters on the 26th that the depreciation of the yen in the foreign exchange market “seems to be rapid and one-sided” and that “we would like to respond appropriately to excessive movements.” rice field. Amid heightened concerns over yen-buying interventions by the government and the Bank of Japan, the Minister of Finance said, “All options are available in any case, and nothing is excluded. ” he said.

Source: Yahoo! Finance

economic indicators

  • June 27 (Tue) 23:00: May new housing sales (vs. previous month)
  • Thursday, June 29, 21:30: Jan-Mar Quarterly Real Gross Domestic Product (GDP, Final)
  • Friday, June 30, 21:30: May Personal Consumption Expenditure (PCE deflator)
  • July 3 (Monday) 8:50: April-June Quarterly Bank of Japan Tankan Forecasts for Large Enterprises in Manufacturing

Consecutive decline in IT and high-tech

The weekend’s armed uprising by the founder of the Russian private military company Wagner had limited market impact. On the other hand, profit-taking selling continued due to the rapid rise in high-tech stocks such as AI-related stocks.

Individual stocks: NVIDIA-3.7%, c3.ai-4.2%, AMD-2.2%, Tesla-6%, Microsoft-1.9%, Alphabet-3.2%, Amazon-1.5%, Apple-0.7%, Meta- 3.5%.

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Virtual currency related

  • Coinbase|$61.9 (+0.7%/+0.7%)
  • MicroStrategy | $305.7 (-7.1%/-7.1%)
  • Marathon Digital | $11.7 (-7.2%/-7.2%)

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