an economic schedule
① FOMC: On the 15th (local time), the results of the U.S. FOMC meeting will be released early Thursday in Korea. It will be announced whether or not to raise the U.S. benchmark interest rate.
(3 a.m
② MS: Microsoft's 'Explorer 11' will be discontinued today. To access websites that require Explorer 11, it must be opened in 'IE mode' of 'MS Edge'.
The FOMC in June is unpredictable.
A difficult chapter is expected.
Some say that if the market raises 50bp instead of 75bp expected by the market, the market will fall due to disappointment that the Fed will only chase inflation
But do you think that if we raise 100bp, the Fed will respond properly and the market will cheer?
The main cause of the May CPi shock was rising oil prices, which the Fed could not solve.
However, the fact that the expected inflation of Michigan jumped to 3.3 percent in five years, which was maintained at 3 percent, is a burden to the Fed
The Fed wants to raise interest rates because expected inflation is anchoring.
Besides, Friday is your witch's day.
"Closed mixed due to concerns over 75bp interest rate hike amid backlash"
- Index: NASDAQ +0.18% down for the fifth day
*All major indexes hit new 52-week lows again
- Sector: All 9 but IT and energy are down
*Health care for essential consumer goods of the economy's defense-oriented utility
- BIG7: AMZN/META Decline
*MSFT/META/NVDA 52 Weeks New Price
*AAPL +0.67%.. Deutsche Bank slashes target to $175
- Issue item: FDX BAX ORCL EYE NFLX
- Today's ETF: FXI SOCLIT
✔ Major news on Wall Street
Key issue: the Fed's biggest rate hike since 1994. A 75bp rate hike is expected at the FOMC June policy meeting. Investors say the Fed should be firm in the face of soaring inflation. The European Central Bank (ECB) called an emergency meeting in bond market turmoil. Interest rates fell on Bloomberg reports that the repurchase of bonds was included in the agenda. China's major economic indicators improved in May. The stock market rose on expectations of economic recovery as real indicators recovered.
Corporate Trends: Apple (AAPL) has agreed a 10-year broadcasting rights agreement with Major League Soccer (MLS) for $2.5 billion. Coinbase (COIN) announced a massive restructuring that would lay off one-fifth of its employees. Snowflake (SNOW) is bullish on the investment view that it is an opportunity to buy Canakord at a low price.
DOW ▼ 30,484.14 (-0.1%)
S&P500 ▲ 3,755.29 (+0.2%)
NASDAQ ▲ 10,904.86 (+0.9%)
RUSS 2K ▼ 1.709.59 (-0.3%)
PHLX Semiconductor Index ▼ 2,704.93 (-4.6%)
[Summary]
* Government bond rates soar, FOMC begins meeting
* Keep an eye on the possibility of a giant step
* Economic indicators: Producer Price Index (PPI) growth rate of 10.8% in May
* 10-year U.S. government bond rate hits 3.45 percent
* Stock market schedule for this week
- 6/15: The second day of the FOMC regular meeting, the U.S. Federal Reserve's forecast for the economy, Powell's press conference, May retail sales, May import and export prices index
- 6/16 : Number of weekly new unemployment insurance claimants
- 6/17: Chairman Powell's speech, May industrial production facility utilization, May leading economic index
# Trends in overseas stock markets
- New York Stock Exchange closed mixed on soaring government bond rates and FOMC meeting
- Market participants will begin the Fed meeting, focusing on the extent and timing of the rate hike, while economists expect a possible 75bp rise in June and July respectively
- Economic indicators are good, and producer price index (PPI) growth in May was 10.8% year-on-year, below market expectations
- By sector
The IT sector is strong, while the utility industry is weak
-By category
Twitter (TWTR) rose 0.51% as Musk decided to talk to Twitter employees, Tesla (TSLA) rose +2.39%, and Oracle (ORCL) rose +10.41% due to improved performance in the infrastructure clouding business.
* * S&P500 Winners & Losers
UP
CME Group (-3.39%)
Truist Financial (-0.86%)
Duke Realty (1.85%)
McDonald's (0.12%)
Domino's Pizza (-0.92%)
DOWN
Signature Bank/New York (2.30%)
Caesar Entertainment (-0.63%)
Norwegian Cruise Line Holding (-3.72%)
Penn National Gaming (1.75%)
Carnival (-3.94%)
-52 Weeks: Samsung Electronics, NAVER, SK Telecom, LG Household & Health Care, AmorePacific, Hive, LG Display, Hanon System, Coway, Mirae Asset Securities
-Historical: SK Bioscience, SDBiosensor, Solum, HDC Hyundai Industrial Development, Dong-A ST
✔"Come back after work"…A series of banks open in the evening and Saturday
✔ Musk postpones Tesla AI Day to September 30
✔The prospect of an economic slowdown in the United States has grown.
The CEO of global investment bank Morgan Stanley also thought the risk of an economic recession would be about 30%, but now it is about 50%.
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