[US market conditions]Stocks have rebounded sharply, and it is thought that they are about to bottom out-in the low 138 yen range-Bloomberg

The US stock market on the 19th rebounded sharply. As attention was focused on the business outlook, there was growing speculation that the market was about to bottom out, and a wide range of purchases were made. The yen exchange rate is in the low 138 yen range per dollar. In the morning of the New York market, there was a scene where it rose to 137.38 yen.

The S & P 500 Index is the highest since June 24th. All 11 sectors rose, ending near the highs of the day without turning to the end of the day, which is characteristic of recent rough price movements. Nasdaq 100, which consists of large high-tech stocks, rose 3.1%. With Netflix’s financial results announced on the evening of 19th, Apple and Alphabet, which had been lowered the day before, rebounded.

The S & P 500 species is 3936.69, which is 2.8% higher than the previous day. The Dow Jones Industrial Average rose $ 754.44 (2.4%) to $ 31827.05. Nasdaq Composite Index rose 3.1%.

The possibility of disappointing financial results is factored into the market, and an unexpected upside in business performance could lead to a significant rise in the market. Investors are still wary of signs that high inflation and monetary tightening are putting pressure on consumers and employment, with Bank of America’s (BofA) monthly fund manager survey showing that equity allocations are in 2008. It was the lowest level since October 2014.

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“I don’t think it’s the worst scenario,” said Sean Cruz, head trading strategist at TD Ameritrade, in an interview saying, “There’s some caution in corporate performance so far.” “. “Mega Bank, IBM and Johnson & Johnson have announced their financial results. If macroeconomic events had a serious impact on these companies, they would have been reflected in many of their performance. “.

The US Treasury market has been depreciating. As of 4:24 pm New York time, 10-year bond yields have risen 4 basis points (bp, 1bp = 0.01%) to 3.02%.

In the foreign exchange market, the dollar index has been reluctant to fall, but it has fallen for three consecutive days. The dollar has fallen against all major currencies except the yen. The euro is the highest in about two weeks. The European Central Bank (ECB) is more seriously considering raising rates by 0.5 points on the 21st, a person familiar with the matter said. Last month, it announced a policy of raising interest rates by 0.25 points.

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The Bloomberg Dollar Spot Index, which shows the movement of the dollar against major currencies, fell 0.5%. As of 4:32 pm New York time, the dollar is 138.20 yen, which is less than 0.1% higher than the yen. The euro is up 0.8% against the dollar at 1 euro = 1.0226 dollars.

The New York crude oil futures market has continued to grow for three business days. The rise in the stock market favored the purchase, and the stock market turned upward. The liquidity of the crude oil market is low and it is easily affected by other markets. There was a scene where crude oil was temporarily lowered by nearly 3%.

The New York Mercantile Exchange (NYMEX) West Texas Intermediate (WTI) futures August contract ended at $ 104.22 a barrel, up $ 1.62 (1.6%). The North Sea Brent September contract for the London ICE is up $ 1.08 to $ 107.35.

The New York gold market is almost unchanged. It was a development to determine the prospect of further monetary tightening and its impact on the world economy. Gold spot prices have been around the lows for the first time in 11 months.

The New York Board of Trade (COMEX) gold futures August contract ends at $ 1710.70, an ounce that is less than 0.1% higher.