[Morning Report] NVIDIA rises 7%, S&P 500 highest US CPI, reinforces prudential interest rate cuts with growth higher than expected

Top news
NY Dow continues to grow by $235, NVIDIA 7% higher, S&P 500 highest
The Dow Jones Industrial Average continued to grow in the US stock market on the 12th, and ended at 39,005 dollars 49 cents, 235 dollars 83 cents (0.60%) higher than the previous day. Semiconductor stocks, which had recently declined conspicuously, have risen, and investor sentiment has improved. On the other hand, the US consumer price index (CPI) for February exceeded market expectations, and the rise in long-term US interest rates was a burden on the stock market.
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US February CPI rose 3.2% compared to the previous year, exceeding expectations for both overall and core
The February Consumer Price Index (CPI) announced by the U.S. Department of Labor on the 12th exceeded market expectations both overall and core compared to the previous year.
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US crude oil production this year to 13.19 million barrels per day - the government revised the forecast upward
The US government has revised its domestic crude oil production forecast upward for this year. The increase in production in the United States is a buffer against the continuing production suppression by the Organization of Petroleum Exporting Countries (OPEC) and “OPEC Plus,” which consists of non-member oil-producing countries.

Spring Battle Intensive Response Day, Toyota and others to announce - will high level wage increases spread
The 2024 spring labor-management negotiations (spring battle) will have a concentrated response day on the 13th where major companies will respond to requests from labor unions. Ahead of the Bank of Japan's monetary policy meeting next week, attention is being paid to how far aggressive wage increase responses will spread.
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New high in BTC history, momentum approaching 73,000 dollars, Grayscale launches new Bitcoin ETF
BTC rose to $72,968 and hit a new all-time high. In response to reports of approval of Bitcoin spot ETFs by the US authorities and the start of accepting Bitcoin and Ether ETN applications by the British authorities, a large amount of funds flowed in and boosted the market price.
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US Department of Defense withdraws $2.5 billion semiconductor subsidy spending plan for Intel
The US Department of Defense $Intel(INTC.US)$Plans to spend a maximum of 2.5 billion dollars (about 370 billion yen) as semiconductor subsidies for semiconductors were withdrawn. Multiple stakeholders who are familiar with the situation have made it clear. The Ministry of Commerce, which is another federal ministry, will bear this shortfall.

Sales of arm stocks have also more than doubled since the IPO due to the end of the lock-up period
$SoftBank Group(9984.JP)$A British semiconductor design company under its umbrella, $Arm Holdings(ARM.US)$The stock price has more than doubled since its initial public offering (IPO) in September last year due to enthusiasm for semiconductor demand related to artificial intelligence (AI). Since the lock up will be lifted on the 12th, it is a brand that insiders want to sell.

Nissan to reduce China's production capacity by 30% Local players such as BYD are on the rise
$Nissan Motor(7201.JP)$We have begun considering reducing China's automobile production capacity by up to 30%. Discuss with local joint ventures. $Honda Motor(7267.JP)$They also intend to reduce China's production capacity by 20%. China's electric vehicle (EV) shift is progressing under the leadership of the government, and the Japanese team is struggling