I would like to pay attention to the following 3 points in the 3-day advance transaction.

■This feeling seems to be getting stronger, but the market is developing with strong expectations

■Kasumigaseki Capital, 3Q operating profit up 249.2% to 36.43 billion yen

■Notable materials from the front: Maxell develops all-solid-state batteries, up to 10 billion yen for new businesses and M&A

■This feeling seems to be getting stronger, but the market is developing with strong expectations

The Japanese stock market on the 3rd seems to gradually intensify after starting with pre-purchase, but it seems that the market will develop with strong expectations ahead of time. In the US market on the 2nd, the NY Dow rose 162 dollars and the NASDAQ was 149 points higher. As the wait-and-see attitude spreads ahead of the announcement of US employment statistics for June over the weekend, profit-making sales took precedence over stocks that were currently rising. After that, Chairman Powell of the US Federal Reserve (Fed) pointed out that inflation was slowing down again, so long-term interest rates declined, and major high-tech stocks such as Amazon and Apple were bought to support the market price. The Chicago Nikkei Average futures are 40,260 yen, 150 yen higher than Osaka during the day. The yen exchange rate is moving at 161 yen 40 yen per dollar.

It seems that buying will take a slight lead since they look like they are moving towards Chicago futures. Nikkei 225 futures were temporarily sold up to 39850 yen during the night session, but after that, they showed a strong rebound trend, and there were also scenes where they were bought up to 40,280 yen. The battle and defense around 40,000 yen was expected to continue, but it is easy to be aware of the trend with 40,000 yen as a support line, and it is thought that there is a strong desire to buy while waiting for a push.

In the US, the deal will be shortened on the 3rd, and the 4th will be closed on Independence Day. It is thought that there are many participants who have already taken a vacation, and the flow of overseas players is likely to be limited. Therefore, there seems to be a possibility that this feeling will gradually intensify after a round of buying. Meanwhile, yesterday, the inflow of funds involved in the index was conspicuous intermittently after entering the backstage. Although aggressive upward price tracking is limited, if index purchases seem to come in mechanically while participants are limited, it is likely that upward bias will intensify.

In the US, a portion of large tech stocks such as Amazon.com, Apple, and Meta Platforms was being bought. NVIDIA declined, but since Arm Holdings was bought by close to 3%, it is likely to be a support material for the SoftBank Group ＜9984＞. Also, UNIQLO's existing domestic store sales for June, which was announced by Fast Lite ＜9983＞ last night, increased 14.9% from the same month last year. If this is viewed as material, it is likely that stocks with a large index impact will drive the Nikkei Stock Average.

The Nikkei Stock Average broke through +2σ (39830 yen) of the Bollinger Bands due to yesterday's rise, and has approached +3σ (40310 yen). In the +3σ area, it is easy to be wary of a sense of overheating, and profit-determining sales are likely to enter, but let's move towards a stance aimed at push.

■Kasumigaseki Capital, 3Q operating profit up 249.2% to 36.43 billion yen

The results for the third quarter of the fiscal year ending 2024/8 announced by Kasumigaseki Capital ＜3498＞ were sales of 33.595 billion yen, up 82.0% from the same period last year, and operating profit of 3.643 billion yen, up 249.2% from the same period last year. Demand for rebuilding refrigerated warehouses using environmentally friendly natural refrigerants was captured due to heightened awareness about global warming. As for the financial results for the fiscal year ending 2024/8, we plan that sales will increase 60.9% from the previous fiscal year to 60 billion yen, and operating profit will increase 91.3% to 8.5 billion yen.

■Notable materials from the front

・The Nikkei Average rose (40074.69, +443.63)

・The NY Dow rose (39331.85, +162.33)

・The Nasdaq Composite Index rose (18028.76, +149.46)

・Chicago Nikkei futures rose (40260, +150 compared to Osaka)

・The SOX index rose (5544.99, +67.85)

・The VIX Index declined (12.03, -0.19)

・Long-term US interest rates have declined

・Expectations that US inflation will calm down

・Request for improvement of corporate value by the Tokyo Stock Exchange

・Develop all-solid-state batteries for Maxell (6810), up to 10 billion yen for new businesses and M&A

・Sumitomo Chemical ＜4005＞ Expands pesticide business, low environmental impact, business opportunities in Europe and the US

・Panasonic HD ＜6752＞ to develop generative AI infrastructure exclusively for the company, the largest scale in Japan

・Toki ＜7972＞ invested in RF Lucas to develop a usage information management system for office furniture

・Nidec (6594) invests in the Embraer system and deepens the eVTOL market

・Four major Honda (7267) non-life insurance companies sell the same shares on a scale of 500 billion yen

・AEON ＜8267＞PB32 item price reduction, 10,000 stores nationwide

・Suzuki ＜7269＞ Biogas equipment starts operation at India plant, CO2 reduction by 190 tons in 2 years

・Cooperation with Shimadzu Corporation ＜7701＞ Tokushima University to exchange human resources to enhance medical technology

・Hitachi Zosen (7004) acquires Danish company and expands aftermarket waste power generation facilities

・Mitsubishi Electric ＜6503＞Mitsubishi Building Solutions, elevator construction, acceptance of Chinese engineers

・Hitachi ＜6501＞ Co-creation base in Haneda and Kyoto, strengthening manufacturing and logistics SI

・TOPPAN HD ＜7911＞JAL, translation display demonstration, “face-to-face” conversation at the airport

・Nippon Gaishi ＜5333＞ invests in Taiwan panel semi to accelerate ultra-thin batteries, etc.

・Demonstration of INTAGE HD ＜4326＞ in-store signboards, product advertisements with generated AI, DOCOMO, etc. at a supermarket in Kumamoto

・NEC ＜6701＞ Swiss subsidiary delivers infrastructure to major **** banks and provides service support to the wealthy

・JFE HD ＜5411＞JFE Shoji develops Australia with building materials and strengthens business system through local company acquisition

・Taisei Corporation ＜1801＞Mutual cooperation between reality and virtual, digital twin for urban development, demonstration at Iwami Ginzan

・Mitsubishi Materials ＜5711＞ begins production of copper concentrate in Chile

・JGC HD ＜1963＞Catalyst proposals and equipment for continuous pharmaceutical production with NE-Chemcat

・Nippon Crucible ＜5355＞ President Nishimura Yuji achieves mid-term plan and expands industrial furnace

・Nippon Sheet Glass ＜5202＞J Power New Japan Fiber and high-performance fibers from coal ash

☆ Front office event schedule

＜Domestic＞

・Nothing in particular

＜Overseas＞

・ 10:30 Australian retail sales for May (month-on-month forecast: +0.3%, April: +0.1%)

・ 10:45 Mid-June Zaixin Service Industry PMI (forecast: 53.4, May: 54.0)