List of monthly gain/fall rate rankings for major indicators in January! The Nikkei average is high for the first time in 34 years

Trading in 2024 began with an increase in US stocks, which reversed from a temporary decline at the beginning of the year. The US real GDP ratio for the fourth quarter of 2023 was 3.3%, and although it slowed from 4.9% in the previous quarter, it greatly exceeded market expectations of 2%. Furthermore, the US PCE inflation rate has further slowed, and expectations for interest rate cuts continue to rise, which is also supporting the rise in US stocks this month.

According to data up to 2024/1/29, the main market indicators that were strong and soft are as follows.

GDP statistics show the solidity of the US economy, and combined with a slowdown in the inflation rate and heightened expectations for interest rate cuts, the Nasdaq Composite Stock Price Index rose 4.11%, the S&P 500 rose by 3.31%, and the Dow Jones Industrial Average rose 1.71%, and the three major US stock indices rose across the board.

The Nikkei Stock Average has risen 7.66% year to date, surpassed the temporary milestone of 36,000 yen, and hit a high for the first time in about 34 years. Buying was the driving force that anticipated improvements in corporate earning power and governance, and an improvement in the Japanese economy to overcome deflation.

Meanwhile, Hong Kong stocks continued to be sluggish this month, with the Hang Seng Index falling 5.69% and the Hansen Tech Index plummeting 14.9%.