Stock Talk Kabushiru 9月13日 Tomorrow (17th) Japan stocks/NY Strategy [NY faces 50bps rate cut odds, 225F depends on U.S. tech]
Hello! This is Sakaguchi from Stock Talk.
NY Stock Market, Nikkei Average Futures, and USD/JPY (13Friday)
Nikkei Average Futures (Mini) as of 18:14 on the 13th: 36160 -130 USD/JPY 140.39-40
U.S. major three index futures: Dow +73.00, S&P 500 +11.25, Nasdaq +11.75 (as of 19:40 on the 13th)
Comment
NY Stock Market Outlook for the 13th; Tomorrow's Japanese stocks and notable names are listed in the paid section below.
This weekend and on the 13th, U.S. stock market may continue to rise modestly; if there is growing expectation of a 0.5% rate cut, the theme of economic recovery is likely to support it.
Market-wide gains and losses may differ, but given the Wall Street Journal's report, whatever the result, the moves are expected to be linked to buying and selling up until just before the FOMC meeting.
Key economic indicator to watch is the University of Michigan Consumer Confidence Index: preliminary results may determine the direction of the next FOMC meeting, with inflation expectations particularly influencing the index's trajectory.
The focus is on high-tech stocks that benefited from the 0.5% rate cut, but depending on the Michigan index results, capital could shift toward cyclicals and resource-related sectors, which could put upward pressure on the Dow Jones Industrial Average.
In any case, this is more of a wait-and-see mood; a rate cut is expected to be decided first, and the probability of a drop is low.
However, for Nikkei Average futures and after-hours trading, the path of the USD/JPY is likely to cause large fluctuations; thereafter, whether high-tech stocks can sustain the index's support will matter.
We want to wait for the trend to change to a scenario where the index rises even if it reaches 137 yen.
September 13 Schedule (Japan, Europe, U.S., etc.)
※ Events of note and high-interest earnings are in red (◎ denotes FOMC members with voting rights).
U.S. August Import/Export Prices (21:30)
U.S. September University of Michigan Consumer Sentiment Index - Preliminary (23:00)
U.S. September Inflation Expectations - Preliminary (23:00)
Tomorrow's Japan Stocks (the 17th), Focus Points on the 17th
⇒ Besides FOMC expectations, there is a risk of the yen strengthening; the yen could advance to around 137 per dollar.
Notable stocks (Year-to-date highs, line 1) 4058 Toyokumo, 6574 Convano, 1909 Nippon Kayaku
Notable stocks (Year-to-date highs, line 2) 7383 Net Proteins HD, 4634 ARTIENCE, 8132 Shin-Nen HD
Notable stocks (Year-to-date highs, line 3) 3038 Kobe Bussan, 3405 Kurare
Notable stocks (Prime Market) 7012 Kawasaki Heavy Industries, 6988 Nitto Denko, 6361 Ebara Manufacturing
Notable stocks (Standard Market) 7564 Workman, 3891 Nippon Takasho
Notable stocks (Growth Market) 3692 FFRI Security, 2160 GNI Group
Notable stocks (Prime Market - Top Gainers) 6184 Kamakura Shōsho, 5032 ANYCOLOR, 7721 Tokyo Keiki
Next week (the 17th) as well, we appreciate your continued support.
Stock Talk
Market Strategist Takashin Sakaguchi
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In addition, while every effort is made to ensure accuracy, we do not take responsibility for the accuracy of words or numbers used in the text.
Please make your own final decisions on stock selection and timing of investments.
