Oil prices surged due to Saudi Arabia's crude oil production cuts, and market volatility increased with Apple's launch of its first foldable phone.
This production decrease, combined with the spreading conflict in the Middle East, caused international oil prices to surge. Both Brent crude and West Texas Intermediate (WTI) crude surpassed $100 per barrel.
The current oil price surge is analyzed as a temporary phase of volatility, and there is a possibility of oil price stabilization measures from the US government. The persistence of the oil price uptrend will be the most crucial factor for the global economy.
This is interpreted as a precautionary measure against the possibility of a prolonged conflict in the Middle East. If the conflict is prolonged, it could further damage energy and economic infrastructure in the Middle East and negatively affect the US and Gulf nations.
The market criticizes this buyback as a temporary measure without fundamental fiscal control.
The stabilization of the Japanese yen's value was due to the Bank of Japan's (BOJ) continuous commitment to raising interest rates. Similarly, a fundamental solution is needed for the US Treasury issue. US national debt has surpassed $40 trillion, and calls for fiscal control due to prolonged war are growing. The market awaits fundamental solutions, not just temporary measures.
There are high concerns about inflation in the market. Nevertheless, there was still strong demand for 10-year long-term Treasury bonds offering yields in the 4.8% range. Future interest rates will be determined by inflation trends and the Federal Reserve's monetary policy.
The September Producer Price Index (PPI) headline figure rose 5.4% month-over-month, but core PPI was lower than expected. Energy prices, which rose 4.2%, accounted for one-third of the increase in goods prices. The Fed places more emphasis on core PPI, which excludes volatile energy and food prices, when making decisions.
The current market weakness is considered a healthy rotational flow due to profit-taking. The index is seen as undergoing a reasonable adjustment near its peak, and a sharp decline is unlikely.
Meta's strengths lie in its vast user base of 3 billion and its utilization of social network service (SNS) data from Instagram, Facebook, and more. Aiming for a personalized super-intelligent service, it is expected to shed its image as a latecomer to the AI market and establish its position.
It received praise for combining tablet functions to enhance user convenience. However, caution is raised in the market regarding the device's weight and high pricing policy. Production disruptions and component supply shortages also act as hurdles for early market entry.
This is primarily due to production disruptions caused by component supply shortages. The high pricing policy and questions about consumer demand also influence the downgraded sales forecast.
Global foldable phone shipment forecasts predict Samsung Electronics will hold a 38% share and Apple 25%.
From the perspective of overall market expansion, this competition is positive.
In US political circles, both Democrats and Republicans are already moving to establish AI-related regulations. The results of the upcoming US midterm elections will be an important variable in strengthening AI control systems.
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