Market review for April-June
US market
The momentum of private consumption has waned, and the pace of economic expansion has slowed.
Retail sales increased 0.4% from the previous month, and industrial production increased 0.9% from the previous month.
According to employment statistics for May, the number of employed people increased by 272,000, and the unemployment rate rose to 4.0%.
The consumer price index (core CPI) rose 3.4% from the previous year.
Interest rate cuts are expected once within the year according to the FOMC in June.
The Dow Average and S&P 500 continued to rise in June.
Adjustments in high-tech and semiconductor-related stocks can be seen.
Investment funds are concentrated in AI-related stocks.
The US economy is expected to have a GDP growth rate of 2.1% at the end of 2024.
Japan Market
Even though the effects of wage increases have begun to appear, the recovery in consumption has been slow.
The sentiment of households and small and medium-sized enterprises worsened due to the May business watcher survey.
Industrial production increased in May, and fraud by major automobile companies in June was affected.
The national consumer price index (CPI) for May rose 2.5% from the previous year.
A reduction in the Bank of Japan's long-term government bond purchases has been decided.
The Nikkei Average and TOPIX in June continued to rise.
The announcement of financial results for the fiscal year ending April-6 by major companies is the key to stock prices.
exchange rate
The dollar exchange rate in June was the highest since 1986.
Yen sales by speculators lead to an appreciation of the US dollar and depreciation of the yen.
The US dollar/yen is expected to be solid in July.
The euro depreciated and depreciated, and the euro yen hit an all-time high.
The Australian dollar remained strong.
The pound depreciated and depreciated, and the pound yen rose.
Japan's inflation expectations hit a record high.
Conditions for recovering the upward trend of the Nikkei Average
1. Company performance: An upward revision of earnings forecasts is necessary.
2. Corporate Reforms: Efforts to improve capital efficiency are expected.
3. Wages: A positive shift in real wages is important.
4. Bank of Japan Monetary Policy: Effective policies aimed at stopping the depreciation of the yen are required.
The momentum of private consumption has waned, and the pace of economic expansion has slowed.
Retail sales increased 0.4% from the previous month, and industrial production increased 0.9% from the previous month.
According to employment statistics for May, the number of employed people increased by 272,000, and the unemployment rate rose to 4.0%.
The consumer price index (core CPI) rose 3.4% from the previous year.
Interest rate cuts are expected once within the year according to the FOMC in June.
The Dow Average and S&P 500 continued to rise in June.
Adjustments in high-tech and semiconductor-related stocks can be seen.
Investment funds are concentrated in AI-related stocks.
The US economy is expected to have a GDP growth rate of 2.1% at the end of 2024.
Japan Market
Even though the effects of wage increases have begun to appear, the recovery in consumption has been slow.
The sentiment of households and small and medium-sized enterprises worsened due to the May business watcher survey.
Industrial production increased in May, and fraud by major automobile companies in June was affected.
The national consumer price index (CPI) for May rose 2.5% from the previous year.
A reduction in the Bank of Japan's long-term government bond purchases has been decided.
The Nikkei Average and TOPIX in June continued to rise.
The announcement of financial results for the fiscal year ending April-6 by major companies is the key to stock prices.
exchange rate
The dollar exchange rate in June was the highest since 1986.
Yen sales by speculators lead to an appreciation of the US dollar and depreciation of the yen.
The US dollar/yen is expected to be solid in July.
The euro depreciated and depreciated, and the euro yen hit an all-time high.
The Australian dollar remained strong.
The pound depreciated and depreciated, and the pound yen rose.
Japan's inflation expectations hit a record high.
Conditions for recovering the upward trend of the Nikkei Average
1. Company performance: An upward revision of earnings forecasts is necessary.
2. Corporate Reforms: Efforts to improve capital efficiency are expected.
3. Wages: A positive shift in real wages is important.
4. Bank of Japan Monetary Policy: Effective policies aimed at stopping the depreciation of the yen are required.
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