[Morning Report] ATVI surges, Microsoft wins FTC lawsuit, Tesla conducts in-house investigation on “Mr. Musk's private residence” project

Good morning to all Moomoo users!Here are the key points of today's morning report:
● [Tokyo stock market forecast range] 32,100 yen to 32,500 yen
● Microsoft wins FTC lawsuit over Activision acquisition plan
● The timing of the global economic recession is key for yen bulls who have been forced to struggle
● Tesla, in-house investigation on the “glass house” project, is it for Mr. Musk's private residence
● The biggest decline in the US economy is forecast for next year = NY Fed President
● Next generation nuclear power plant company invested by Mr. Altman, founder of ChatGPT, to be listed through SPAC
● Boeing to deliver 60 aircraft to customers in June exceeds expectations
● 4 US regional federal banks support an official rate increase of 0.25 points - summary of proceedings
● Rice consumers are under pressure to save money, cut down on necessities such as toothpaste, etc. - headwinds for companies

Market Overview
In the US stock market on the 11th, the NY Dow Jones Industrial Average continued to rise to 34,261 dollars 42 cents, which was 317 dollars 02 cents higher than the previous business day. The Nasdaq Composite Stock Price Index was 13,760.699, up 75.218 points from the same period. The Tokyo stock market on the 12th is likely to be a development where buying and selling intersect amid a confrontation between strengths and weaknesses, but there is a large probability that the Nikkei Stock Average will continue to grow, with push buying from a sense of affordability dominating the main stocks.

Top news
Microsoft wins FTC lawsuit over Activision acquisition plan
$Microsoft(MSFT.US)$Is on the scale of 69 billion dollars $アクティビジョン・ブリザード(ATVI.US)$ The lawsuit was won against the US Federal Trade Commission (FTC), which was trying to block the takeover plan of In response to this news, Activision has increased dramatically.

The timing of the global economic recession is key for the yen bulls that have been forced to struggle
The yen's bullish group, which has continued to be disappointed since entering 2023, has set a high price for the first time in a month, so the realization of bullish predictions is finally entering into view. The prediction that the yen will rise 10% when Japan changes its ultra-accommodative monetary policy has not yet been realized, but there are growing signs indicating that the yen is reaching a turning point.

Tesla conducts in-house investigation on “glass house” project is it for Mr. Musk's private residence
Major US electric vehicle (EV) companies $Tesla(TSLA.US)$Then, last year, “Project 42,” a plan to build a glass-walled building near the headquarters in the suburbs of Austin, was secretly progressing. Regarding this top secret project, it was explained internally that the building was for the private residence of Chief Executive Officer (CEO) Elon Musk.

The biggest decline in the US economy is forecast for next year = NY Fed President
John Williams, president of the US New York Fed, believes that it will not be until 2024 that the US economy will reach its biggest decline in the current business cycle.

Next generation nuclear power plant company funded by Mr. Altman, founder of ChatGPT, to be listed through SPAC
The plan is that the nuclear fission-related startup “Oklo (Oklo)” invested by Mr. Sam Altman, the creator of the generative AI (artificial intelligence) “ChatGPT (chat GPT),” will go public through a merger with his Special Acquisition Purpose Company (SPAC). A company official made it clear on the 11th.

Boeing to deliver 60 aircraft to customers in June exceeds expectations
$Boeing(BA.US)$It continues to grow, supporting the Dow average. Despite being plagued by major supplier strikes and manufacturing defects, the company announced that it had delivered 60 aircraft, including 49 best-selling 737 aircraft, to customers in June.

The four US regional federal banks support a 0.25 point increase in official rate - summary of proceedings
According to the official rate summary announced by the US Federal Reserve (FRB) on the 11th, while the board of directors of 4 of the 12 district federal banks called for a 0.25 point increase in the official rate in June, other banks supported the deferment. The current summary of proceedings covered the period from 5/22 to 6/14.

Rice consumers are under pressure to save money, cut down on essentials such as toothpaste - headwinds for companies
The thrifty attitude towards hygiene products etc. is spreading among American consumers, and it seems to be a source of anxiety about the US economy and the performance of consumer-related companies.

Tokyo Stock Exchange Forecast
Is the stock exchange rate forecast for the 12th = buying dominance, the appreciation of Western stocks and the appreciation of the yen are alarming factors

Key Market Events
Main market events on the 12th

Forex