[Morning Report] Despite fears that Chairman Powell's determination will fluctuate, price statistics reinforce the theory that high interest rates will be prolonged, activists US Elliot invests tens of billions of yen in Sumitomo Corporation

Good morning to all moomoo users!Here are the key points of this morning's first report.
● [Tokyo Stock Exchange Rate Forecast Range] The domestic market is closed due to Showa Day
● Activist US Elliot invests tens of billions of yen in Sumitomo Corporation
● Price statistics reinforce the theory that high interest rates will be prolonged, despite fears that Chairman Powell's determination will fluctuate
● Wall Street professionals are misled by the rapid development of the market, a lesson that humility is necessary
● Tesla invests 1.5 trillion yen to strengthen AI development with an eye on autonomous driving
ー MooMoo News Evelyn

Market Overview
In the US stock market on the 26th, the NY Dow Jones Industrial Average rebounded for the first time in 3 days to 38,239 dollars 66 cents, 153 dollars 86 cents higher than the previous business day. The Nasdaq Composite Stock Price Index rose 316.14 points to 159.27.90. The Tokyo Stock Exchange on the 29th was closed due to Showa Day.

Top news
The rapid development of the market has misled even Wall Street professionals, a lesson that humility is necessary
US economic indicators showed an increase in the inflation rate and a slowdown in growth, and Bill Gross, who felt that the optimistic mood in the market was disappearing in the phase where US 2-year bond yields were rising toward 5%, pointed out that the time had come to graduate from stock stocks such as major technology companies called so-called “Magnificent Seven.”

Price statistics reinforce the theory that high interest rates will be prolonged despite fears that Chairman Powell's determination will fluctuate
The message sent by Chairman Powell of the US Federal Reserve (FRB) last week that high interest rates will continue for the time being was reinforced by the latest inflation statistics announced on the 26th. The personal consumption expenditure (PCE) core price index, which the FRB emphasizes, rose 0.3% from the previous month in March. This is a 2.8% increase compared to the same month last year.
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Activist US Elliot invests tens of billion yen in Sumitomo Corp. - Stakeholders
US hedge fund management company Elliot Management, known as an activist (speaking investor), is a general trading company $Sumitomo(8053.JP)$It became clear that tens of billions of yen were invested in stocks. The person concerned who knew about the situation revealed it anonymously on the grounds that it was private information.

Tesla invests 1.5 trillion yen to strengthen AI development with an eye on autonomous driving
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Google and Microsoft ease AI investment burdens
Continuing competition for artificial intelligence (AI) requires increasingly large sums of money. Of a major US technology company $Alphabet-A(GOOGL.US)$Google and $Microsoft(MSFT.US)$Recent financial results announcements have shown that they have all been able to reduce such burdens to some extent.

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The domestic market is closed due to Showa Day

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