US market outlook: The Dow Jones Industrial Average fell by 114.66 dollars, and the Nasdaq Composite Stock Price Index also started 94.73 points lower

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Wall Street is no longer upset by inflation statistics — get used to easing price pressure
There were almost no significant events for investors over the past year that surpassed the US Federal Reserve's interest rate hike campaign, which moved to control inflation and prices. But how did the situation change? Wall Street earnestly analyzed all inflation-related figures throughout 2022 and watched all the latest information with bated breath. It doesn't respond much now, and at least it's not as responsive as it used to be.

US Avoids Recession, Stock Prices Rise - Ariel Rogers
Since the US Federal Reserve suppresses inflation and underpins the stock market, Ariel Investments Chairman and Co-Chief Executive Officer (CEO) John Rogers expressed the view that the United States would avoid a recession (recession). At an event in the Chicago business community, he revealed his predictions that the Dow Jones Industrial Average would rise 10% or more in 2023, and that the S&P 500 stock price index would rise more than that. Mr. Rogers accurately guessed last year that inflation would rapidly accelerate and the crypto asset (virtual currency) Bitcoin bubble would burst.

Bank of England Mann suggests further interest rate hikes - inflation pressure is “quite strong”
Commissioner Man of the Bank of England (English Central Bank) Monetary Policy Committee (MPC) stated on the 12th that the underlying inflation pressure in the UK seems to be “quite strong,” and it was suggested that he is still seeking drastic interest rate increases despite the prospect of entering a recession (economic recession).

Eurozone trade deficit shrank month-on-month in November
The Eurozone trade balance for 2022/11 announced by the European Union (EU) Bureau of Statistics (Eurostat) on the 13th was in deficit of 11.7 billion euros (about 1.63 trillion yen). While exports increased month-on-month, imports declined, and the deficit declined from October. There was a deficit of 3.9 billion euros in the same month of the previous year. In November, imports increased 20.2% from the same month last year, and exports increased 17.2% from the same month last year. Compared to the previous month, imports fell 3.8% and exports increased 1%.


Distribution source: Bloomberg, Dow Jones