[Morning Report] March is lower than US PPI forecast, buyback to IT/high-tech stocks, hedge funds are paying attention to Apple, and AI strengthening is expected - JP Morgan

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The US March Producer Price Index (PPI) increased 0.2% from the previous month, and the core index, which falls short of market expectations, increased 0.2% from the same period
The March producer price index (PPI) announced by the U.S. Department of Labor rose 0.2% from the previous month, falling below the 0.3% increase in market expectations. It slowed from a 0.6% increase in the previous fiscal year and became the lowest since the beginning of the year. There was a 2.1% increase compared to the previous year, and growth expanded from the previous 1.6%, and once again reached the US Federal Reserve (Fed) target of 2% or more, but it fell below the 2.2% increase in market expectations.

The Dow Average is flat, IT/high-tech stocks are bought, and the NASDAQ is significantly higher = US stock overview
The Dow Jones Industrial Average remained flat in the NY stock market on the 11th. However, today, buybacks intensified for IT/high-tech stocks, and in addition to the NASDAQ being drastically higher, there was also a scene where the Dow average also turned upward in the second half.

NY Federal Reserve Governor Says There Is No Need to Cut Interest Rates “in the Very Near Future” - Long Way to Go
President Williams of the New York Federal Reserve expressed the idea that there is no need to cut interest rates “in the very near future” while the monetary authorities have made “extremely large progress” toward improving the balance between inflation and employment targets.
Related articles:Lowering US interest rates “theory of putting off until presidential election” emerged、Richmond Federal Reserve Governor Says “It's Wise to Take Your Time” — Before Interest Rate Cuts

US interest rate cut, only once in December by the end of the year - Deutsche Bank and BoFA forecast drastically revised
$Deutsche Bank(DB.US)$with $Bank of America(BAC.US)$They each showed the forecast that the number of times US interest rates would be cut by the end of the year, that it would only be once in December. The forecast was revised in response to the fact that the US Core Consumer Price Index (CPI) for March grew above market expectations for 3 consecutive months.

Morgan S shares plummeted, reports that the US authorities are scrutinizing the asset management departments of the wealthy
Morgan StanleyThe stock price of fell drastically in the New York market on the 11th since October last year. Some reports that the US federal authorities are scrutinizing whether the measures taken by the company are sufficient to prevent the possibility of money laundering (money laundering) by wealthy customers were disgusted.

ECB leaves interest rates unchanged - solidifies path to June interest rate cuts
The European Central Bank (ECB) left policy interest rates unchanged for 5 consecutive meetings on the 11th. The clearest signal so far was sent that it is possible to cut interest rates soon as inflation declines.
Related articles:Antecedent theory of interest rate cuts against the euro, low for the first time in 2 months against the dollar

Japanese authorities will intervene if they break into the 155 yen range - MUFG Goncalves
George Goncalves, the US macrostrategy officer at MUFG Securities America, expressed the view that a new warning line where the Japanese currency authorities will step in and intervene will be 1 dollar = 155 yen.

Hedge funds are paying attention to Apple and are expected to strengthen AI - JP Morgan
paddy $Apple(AAPL.US)$Analysts at JPMorgan Stanley pointed out that it is attracting the interest of hedge fund investors. Expectations are being placed on artificial intelligence (AI) related upgrades in iPhones (iPhones), and this is because valuation premiums have declined due to recent stock price declines.

Tokyo Stock Exchange Rate Forecast
Stock market forecast for the 12th = rebound, repurchase due to high US tech stocksThen