[Morning Report] FRB Chairman Powell Convinced the Start of Interest Rate Cuts “Not Far Away,” Rivian Temporarily Suspends New EV Plant Construction
![[Morning Report] FRB Chairman Powell Convinced the Start of Interest Rate Cuts “Not Far Away,” Rivian Temporarily Suspends New EV Plant Construction](https://sgsnsimg.moomoo.com/sns_client_feed/181250687/20240308/54c0284a3107a31b6fa5cd58c385a8a9.png/big?area=105&is_public=true)
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Here are the key points of this morning's first report.
● [Tokyo Stock Exchange Rate Forecast Range] 0.03 million9600 yen - 0.04 million yen (7-day closing price 0.03 million9598 yen 71 sen)
● FRB Chairman Powell is convinced that the start of interest rate cuts will be “not far away”
● ECB President Lagarde suggests June interest rate cuts - achieving inflation targets is in sight
● Rivian temporarily suspends construction of new EV plant - stock prices rise rapidly due to sudden policy changes
● Japan Steel and American Steel Workers Union Top Meeting Ends Without Progress - Labor Union Letter
● Poketalk to be listed on the Tokyo Stock Exchange in '25 with an estimated market price of 100 billion yen
— MooMoo News Kathy
● [Tokyo Stock Exchange Rate Forecast Range] 0.03 million9600 yen - 0.04 million yen (7-day closing price 0.03 million9598 yen 71 sen)
● FRB Chairman Powell is convinced that the start of interest rate cuts will be “not far away”
● ECB President Lagarde suggests June interest rate cuts - achieving inflation targets is in sight
● Rivian temporarily suspends construction of new EV plant - stock prices rise rapidly due to sudden policy changes
● Japan Steel and American Steel Workers Union Top Meeting Ends Without Progress - Labor Union Letter
● Poketalk to be listed on the Tokyo Stock Exchange in '25 with an estimated market price of 100 billion yen
— MooMoo News Kathy
Market Overview
In the US stock market on the 7th, the NY Dow Jones Industrial Average continued to rise to 0.03 million8791 dollars 35 cents, which is 130 dollars 30 cents higher than the previous business day. The Nasdaq Composite Stock Price Index rose 241.832 points to 0.01 million6273.375. Buybacks dominated the Tokyo stock market on the 8th, mainly major stocks, and it is expected that the Nikkei Stock Average will rebound for the first time in 4 days and have a strong price movement in the latter half of the 0.03 million9000 yen range.
In the US stock market on the 7th, the NY Dow Jones Industrial Average continued to rise to 0.03 million8791 dollars 35 cents, which is 130 dollars 30 cents higher than the previous business day. The Nasdaq Composite Stock Price Index rose 241.832 points to 0.01 million6273.375. Buybacks dominated the Tokyo stock market on the 8th, mainly major stocks, and it is expected that the Nikkei Stock Average will rebound for the first time in 4 days and have a strong price movement in the latter half of the 0.03 million9000 yen range.
Top news
FRB Chairman Powell is convinced that interest rate cuts will begin “not far away”
Chairman Powell of the US Federal Reserve (FRB) suggested the view on the 7th that the Federal Open Market Committee (FOMC) is close to the conviction necessary to begin interest rate cuts.
FRB Chairman Powell is convinced that interest rate cuts will begin “not far away”
Chairman Powell of the US Federal Reserve (FRB) suggested the view on the 7th that the Federal Open Market Committee (FOMC) is close to the conviction necessary to begin interest rate cuts.
ECB President Lagarde suggests June interest rate cuts - achieving inflation targets is in sight
European Central Bank (ECB) President Lagarde suggested the possibility of interest rate cuts in June on the 7th. The ECB's latest forecast predicts that the inflation rate will fall to the target of 2% in 2025.
European Central Bank (ECB) President Lagarde suggested the possibility of interest rate cuts in June on the 7th. The ECB's latest forecast predicts that the inflation rate will fall to the target of 2% in 2025.
Rivian temporarily suspends construction of new EV plant - stock prices skyrocketed due to sudden policy changes
American electric vehicle (EV) manufacturer, $Rivian Automotive(RIVN.US$will temporarily suspend construction plans for a new plant in Georgia. The policy was suddenly changed in an attempt to reduce costs.
American electric vehicle (EV) manufacturer, $Rivian Automotive(RIVN.US$will temporarily suspend construction plans for a new plant in Georgia. The policy was suddenly changed in an attempt to reduce costs.
Japan Steel and American Steel Workers Union Top Meeting Ends Without Progress - Labor Union Letter
The American Steel Workers Union (USW) is on the 7th $United States Steel(X.US$Talks were held with Nippon Steel, which is planning an acquisition. However, according to the labor union side, there was no progress in discussions, and they ended in less than an hour.
The American Steel Workers Union (USW) is on the 7th $United States Steel(X.US$Talks were held with Nippon Steel, which is planning an acquisition. However, according to the labor union side, there was no progress in discussions, and they ended in less than an hour.
Poketalk to be listed on the Tokyo Stock Exchange in '25 with an estimated market price of 100 billion yen
Poketalk (Tokyo/ Minato), which handles portable translation terminals, will have an initial public offering (IPO) in 2025. It aims to be listed on the prime market of the Tokyo Stock Exchange.
Poketalk (Tokyo/ Minato), which handles portable translation terminals, will have an initial public offering (IPO) in 2025. It aims to be listed on the prime market of the Tokyo Stock Exchange.
Tokyo Stock Exchange Rate Forecast
Stock exchange rate forecast for the 8th = rebound, buybacks prevail due to strong European and American stocks
Stock exchange rate forecast for the 8th = rebound, buybacks prevail due to strong European and American stocks
Foreign substitutes
Key Market Events
![[Morning Report] FRB Chairman Powell Convinced the Start of Interest Rate Cuts “Not Far Away,” Rivian Temporarily Suspends New EV Plant Construction](https://sgsnsimg.moomoo.com/sns_client_feed/181250687/20240308/e7b68e3227c84b149337a657874b7c95.png?area=105&is_public=true)
Distribution source: Dow Jones, MINKABU, Fisco, Bloomberg, Wells Advisor, Nihon Keizai Shimbun
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182526358 : Good morning.
Thank you for always watching.
Thanks for the quick information.
新div : This week's price movements are intense.
Changes in dollar/yen interest rates
And anyway, in the words of Powell and Ueda
It moves.
Please continue to be careful in the future.
If price movements move, something happens.
しゆタン : As the yen appreciates, profits fall![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")