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【Morning Report】Bank of Japan is expected to lift major easing today. Tesla to increase prices of 'Model Y' in the USA.

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moomooニュース米国株 wrote a column · Mar 18 18:14
【Morning Report】Bank of Japan is expected to lift major easing today. Tesla to increase prices of 'Model Y' in the USA.
moomoo users, good morning!Here are the key points of the early morning report today.
●【Tokyo Stock Market Price Range Forecast】0.0394 million yen - -0.04 million yen (Closing price on the 18th: 0.039740 million yen 44 sen).
●Bank of Japan expected to lift major easing, decision on the 19th. Long and short-term interest rate operations to be abolished.
●The US March NAHB Housing Market Index unexpectedly rebounds by 50 units, with the dollar continuing to rise.
●Goldman Sachs changes its 2024 US rate cut frequency forecast to three times - previously.
●Nvidia rebounds after 4 days as analysts raise target stock price to $1,050.
●Tesla to raise prices for 'Model Y' in the USA, stock price rises.
Google is up more than 5%, negotiating with iPhone for AI 'Gemini' integration.
moomoo News Kathy 
Market Overview
In the U.S. stock market on the 18th, the NY Dow Jones Industrial Average rebounded for the first time in 3 days, closing at $0.038790.43, up $75.66 from the previous session. The Nasdaq Composite Index was up 130.274 points, closing at $0.016103.448. The Tokyo stock market on the 19th is expected to be volatile amidst mixed speculations.
Top News
Bank of Japan to lift large-scale easing, decision on the 19th. Abolition of both long and short-term interest rate operations.
The Bank of Japan plans to end its large-scale easing at the financial policy meeting on the 19th. Negative interest rate policy, as well as the framework of short-term and long-term interest rate controls (yield curve control, YCC), and the purchase of risky assets such as ETFs will be abolished. Judging that achieving the sustained 2% target inflation is difficult, they will move forward with the first interest rate hike in 17 years.
Unexpected Recovery in U.S. March NAHB Housing Market Index, Dollar Continues to Rise
The U.S. National Association of Home Builders (NAHB) announced that the March NAHB Housing Market Index rose unexpectedly from 48 in February to 51. It recovered to 50, showing an optimistic view of construction industry professionals, reaching the highest level since July last year.
Goldman revises down its forecast for the number of interest rate cuts in the usa in 2024 to 3 times, compared to the previous 4 times.
$Goldman Sachs (GS.US)$The company's economists have lowered their forecast for interest rate cuts this year by 0.25 points each, to a total of 3 times. They had previously expected 4 times. In a report on the 17th led by Yan Haatius, the company's economists indicated a forecast of 3 times, citing the main reason as a slight increase in the inflation trajectory.
Related Article:The impact of interest rate hikes in the usa is taking on a different aspect than in the past - debt repayment is increasing more than interest income.
Tesla to raise prices of 'Model Y' in the USA leading to stock price increase
Leading electric vehicle (EV) in early US stock market on the 18th $Tesla (TSLA.US)$Recovering from the 10-month low reached last weekend, Tesla revealed through its website over the weekend that it will raise prices of all models of the 'Model Y' in the USA by $1,000 from April 1st.
Google rises by more than 5%, negotiating AI 'Gemini' integration into iPhones
According to Bloomberg, $Apple (AAPL.US)$are $Alphabet-A (GOOGL.US)$Negotiations are underway to install the artificial intelligence engine 'Gemini' owned by Google under iPhone. In response to this, Alphabet's stock rose more than 5% in after-hours trading on the 18th.
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Key Market Events
【Morning Report】Bank of Japan is expected to lift major easing today. Tesla to increase prices of 'Model Y' in the USA.
【Morning Report】Bank of Japan is expected to lift major easing today. Tesla to increase prices of 'Model Y' in the USA.
Source: Dow Jones, MINKABU, Fisco, Bloomberg, Wealth Advisor, Nikkei
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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