Paying attention to the prospects of the stock market
2023-06-28
■Focus on the settlement of semiconductor giants and others in the US stock market.
■ European Equities: Follow the ECB Forum.
The Dow Jones average fell for the first time in 4 weeks, while the S&P500 fell for the first time in 6 weeks. Federal Reserve Chairman Powell reiterated his support for two more interest rate hikes within the year in his congressional testimony at the upper and lower level of parliament. In addition, there are concerns about China's slowing economy and stock prices. Over the weekend, the June PMI quick report in Europe and America intensified concerns about global economic deterioration, causing stock prices to weaken. With the growing concern about the deterioration of the global economy, this week's Neuroticism reaction may be triggered by the results of the economic indicators of the United States and China. In addition, financial reports for semiconductor giants and sports goods giants will be released, although this will be a clue to exploring the demand for artificial intelligence (AI) and human consumption trends, in cases where the results are lower than market expectations, the reaction of the stock market decline may become greater. We hope to remain vigilant.
The Stoxx Europe 600 index fell following last week's decision by the European Central Bank (ECB) in Europe, the UK, Norway, and Switzerland to increase interest rates, the economic outlook in the region is uncertain and spreading. In this situation, the quick report value of the Eurozone PMI for June over the weekend was lower than market expectations, and selling pressure continued. The Stoxx Europe 600 index fell for five consecutive working days (cross week). The June Eurozone PMI quick report showed a significant deterioration in the service industry, with a composite index of 50.3, close to 50 at the border. As the market becomes increasingly opaque about the economic prospects within the region, this week we will focus on the European Central Bank (ECB) Forum held from the 26th to the 28th. If the President of Lagarde of ECB once again advocates for additional interest rate hikes in his speech on the 27th, concerns about the economic slowdown in the region will further intensify, which may lead to a decline in stock prices. We hope to remain vigilant.
■ European Equities: Follow the ECB Forum.
The Dow Jones average fell for the first time in 4 weeks, while the S&P500 fell for the first time in 6 weeks. Federal Reserve Chairman Powell reiterated his support for two more interest rate hikes within the year in his congressional testimony at the upper and lower level of parliament. In addition, there are concerns about China's slowing economy and stock prices. Over the weekend, the June PMI quick report in Europe and America intensified concerns about global economic deterioration, causing stock prices to weaken. With the growing concern about the deterioration of the global economy, this week's Neuroticism reaction may be triggered by the results of the economic indicators of the United States and China. In addition, financial reports for semiconductor giants and sports goods giants will be released, although this will be a clue to exploring the demand for artificial intelligence (AI) and human consumption trends, in cases where the results are lower than market expectations, the reaction of the stock market decline may become greater. We hope to remain vigilant.
The Stoxx Europe 600 index fell following last week's decision by the European Central Bank (ECB) in Europe, the UK, Norway, and Switzerland to increase interest rates, the economic outlook in the region is uncertain and spreading. In this situation, the quick report value of the Eurozone PMI for June over the weekend was lower than market expectations, and selling pressure continued. The Stoxx Europe 600 index fell for five consecutive working days (cross week). The June Eurozone PMI quick report showed a significant deterioration in the service industry, with a composite index of 50.3, close to 50 at the border. As the market becomes increasingly opaque about the economic prospects within the region, this week we will focus on the European Central Bank (ECB) Forum held from the 26th to the 28th. If the President of Lagarde of ECB once again advocates for additional interest rate hikes in his speech on the 27th, concerns about the economic slowdown in the region will further intensify, which may lead to a decline in stock prices. We hope to remain vigilant.