In the morning trading of 6th, we want to pay attention to the following three points.
As a result of speculative buying, high-tech stocks are expected to lead the Nikkei average value. In the US market, major stock indices rose, especially semiconductor stocks such as Nvidia led the indices. Although the Nikkei 225 futures temporarily dropped to 38,450 yen in the night session, there was no significant adjustment after the start of trading in the US market, and it was bought up to 38,980 yen towards the end of the day. From this trend, high-tech stocks are likely to lead the Nikkei average value.
- Satudora HD upwardly revises the operating profit from 10.0 billion yen to 13.5 billion yen.
The Japanese stock market on the 6th is expected to show a buoyant market with strong buying. On the 5th, the US market was up, with the NY Dow up 96 dollars and the Nasdaq up 330 points. Due to the lower-than-expected growth in the private sector of the ADP employment statistics, early buying in anticipation of a rate cut ahead of time took precedence. Following that, the ISM non-manufacturing sentiment index, which was released later, improved beyond expectations, causing the NY Dow to temporarily turn downward as long-term interest rates rose. However, it rose towards the end of the day due to strong buying expectations for a rate cut later this year. The Nasdaq was steady throughout the day, pushed up by Nvidia and hit a new high. The Chicago Nikkei 225 futures were up 445 yen from Osaka to 38,965 yen. The yen was trading around 1 dollar 156 yen.
As a result of speculative buying, high-tech stocks are expected to lead the Nikkei average value. In the US market, major stock indices rose, especially semiconductor stocks such as Nvidia led the indices. Although the Nikkei 225 futures temporarily dropped to 38,450 yen in the night session, there was no significant adjustment after the start of trading in the US market, and it was bought up to 38,980 yen towards the end of the day. From this trend, high-tech stocks are likely to lead the Nikkei average value.
- Asia: The Japanese stock market on the 6th is expected to show a buoyant market with strong buying. - Gold futures: In the morning trading of 6th, we want to pay attention to the following three points. - High-tech stocks lead the Nikkei average. - Satudora HD upwardly revises the operating profit from 10.0 billion yen to 13.5 billion yen.
As a result of short selling from the Chicago futures, it is likely to start with the buying lead. In the US market, major stock price indices rose, and in particular, the rise of semiconductor stocks such as Nvidia led the indices. Although the Nikkei 225 futures fell to 38,450 yen at one point during the night session, there was no significant adjustment after the start of trading on the US market, and it was bought up to 38,980 yen towards the end of the day. From this trend, high-tech stocks, rather than other stocks, are likely to lead the Nikkei average value.
Yesterday, Laser Tech <6920> sharply declined as a result of a report from a short selling fund. However, the company has disclosed that it "clearly denies allegations of accounting irregularities," and it is likely to lead to an improvement in sentiment, which will encourage short covering. The Nikkei average stock price fell below the 25-day moving average yesterday, but it may catch the 75-day moving average of around 38,990 yen today, so the moves for selling back by the seller may increase. As we approach the weekend with the upcoming US employment statistics, it may be a stalemate after the first round of buying, but it will be a stance to buy on the dips.
- Short covering is expected to be combined with fund inflows into semiconductor stocks, such as Tokyo Electron <8035>, and a shift by individual funds to AI-related stocks. - In the foreign exchange market, the yen depreciation is stopping around 1 dollar = 156 yen, so movements aimed at autonomous rebounds in export-related stocks are likely to be considered. On the other hand, as US long-term interest rates are showing a declining trend, the stream profit end of sectors such as finance is expected to be seen.
- Satudora HD upwardly revises the operating profit from 10.0 billion yen to 13.5 billion yen.
Satudora HD <3544> announces a revision of its performance forecast. Operating profit has been upwardly revised from 10.0 billion yen to 13.5 billion yen. Although it was expected that Inbound demand after the Spring Festival would subside, the business performance is more solid than expected, due to continued demand from other Asian countries, although the recovery of foreign tourists from China to Hokkaido is not yet sufficient. Sales and administrative expenses have been reduced as the unit price of electricity has fallen below plan.
Materials of concern in the morning session
The NY Dow rose (38807.33, +96.04).
The Nasdaq Composite Index rose (17187.91, +330.86).
1 dollar = 156.00-10 yen.
The Chicago Nikkei futures rose (38965, +445 compared to Osaka).
The SOX index rose (5347.44, +231.18).
The VIX index decreased (12.63,-0.53).
US crude oil futures rose (74.07,+0.82).
Long-term US interest rates fell.
Expectations for inflation to ease in the US.
Request for improvement in corporate value by the Tokyo Stock Exchange.
- Yamaha Hatsudoki <7272>, the Ministry of Land, Infrastructure, Transport and Tourism determines the punishment for 5 companies this month, reads intrusion.
- Alps Alpine <6770>, strategic investment of 100 billion yen over 4 years, with a focus on sensing.
- Advics, a group of Aisin <7259>, and Indian-based Brakes India Joint Ventures to establish control brakes for production.
- Blue Inno-Marubeni <5597>, JUIDA memorandum, evaluating the drone operation skill by model, establishing system.
- Takenaka <2768> cooperates with SIJ to create CO2 emission quota in developing countries.
Kikusui HD <6912>, Kikusui Electronics Industry, releases multipurpose controllers compatible with EV standards in various countries.
New Dene Metallurgical <6844> plans to launch customized chargers with high design and functionality next spring.
Tokokotake <6617> will conduct a trial next month in Shibuya, allowing parking lot customers to charge their cars using Park24's charging infrastructure.
Hitachi Zosen <7004> has delivered a hydrogen generation system to Shinka Industries, which will use the system for emergency power supply.
Nissei Resin <6293> has started in-house production of casted metal parts in China.
JFE <5411>'s JFE-Engineering has introduced hydrogen-mixed combustion cogeneration technology with energy output comparable to city gas.
Hoshizaki <6465> has acquired two Filipino food equipment dealers as subsidiaries.
Biprogy <8056> and Shoko Chukin will provide DX support for mid-sized and small businesses to address their challenges.
Maxell <6810> plans to improve the performance of solid state batteries with 35 billion yen investment in growth.
Renesas <6723> is partnering with Indian Institute of Technology in semiconductor research and development and talent cultivation.
Mitsubishi Electric <6503> held an event in Tokyo to generate new business ideas with over 100 participants from 70 companies.
Mitsubishi Electric <6503> has developed 3D measurement technology for large products to shorten the production cycle.
Hirose Electric's <6806> President Kazunori Ishii will expand connector production.
Mitsubishi Materials <5711> plans to expand geothermal power in Tohoku region, aiming for complete energy self-sufficiency by 2050.
Osaka Gas <9532> has completed a SOEC methanation test facility.
Asahi Kasei <3407> plans to develop and manufacture raw materials for gene therapy drugs.
Mitsubishi Gas Chemical <4182> will invest heavily in environmentally friendly cyclical methanol production under the new mid-term management plan.
Sekisui Chemical <4204> plans to invest 2 billion yen to increase production of functional microparticles called "Advancel".
☆ Schedule of events in the morning session
10:30 am: Mr. Nakamura delivers a speech at the Bank of Japan's review meeting.
10:30 am: Australia's trade balance for April is estimated to be + 5.4 billion AUD. (March: 5.024 billion AUD)