[Morning Report] The Dow Average rebounded sharply, and the yen rose to the first half of the 151 yen range against the dollar AI rally expanded beyond NVIDIA

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The Dow Jones Industrial Average rebounds sharply and there is a sign that it will end with a rise this month = US stock overview
The Dow Jones Industrial Average rebounded sharply in the US stock market. Although the NASDAQ had been sluggish, it ended with a rebound. While the US stock market is waiting for clues to search for the timing of interest rate cuts, it seems that adjustments at the end of the month have also been made in the past few days, and the decline has continued. However, this month is likely to end with an increase on a quarterly basis, and there is a sign that the monthly chart is likely to draw a positive line for 5 consecutive months.

FRB Director Waller is in no hurry to cut interest rates - either delay or decrease the number of times
US Federal Reserve (FRB) Director Waller emphasized on the 27th that recent economic data supports delaying interest rate cuts expected by the end of the year or reducing the number of interest rate cuts, and expressed recognition that interest rate cuts will not be rushed.

The yen rose to the first half of the 151 yen range against the dollar, and intervention vigilance was further raised during the three-party meeting
The yen exchange rate of the Tokyo Foreign Exchange Market on the morning of the 28th was 1 dollar = the first half of the 151 yen range, rising from the evening of the previous day. The Ministry of Finance, the Bank of Japan, and the Financial Services Agency held a three-party meeting in response to the depreciation of the yen in overseas time, and the sense of caution against intervention increased further, which boosted the yen.

AI Rally Expands Other Than NVIDIA, Is Hardware the Next Enthusiastic Brand?
Semiconductors for artificial intelligence (AI) $NVIDIA(NVDA.US)$ It may lack a unique appeal, but hardware companies that provide AI computing infrastructure are becoming the next hot brand.
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The dawn of humanoid robots and innovation with AI! Which stocks are likely to benefit?

Even with stock sales close to 5 trillion yen, pension funds make year-end adjustments - Goldman
As stock prices are strong and the quarter is about to end, there is a possibility that the pension fund will sell shares worth 32 billion dollars (about 4.8 trillion yen) in order to adjust positions. $Goldman Sachs(GS.US)$ It was calculated on a trial basis.

US government and parliament consider raising tariffs to prevent inflow of Chinese EVs
The US government and Congress are moving on measures so that Chinese electric vehicles (EVs) do not flow into the US. Parliament imposes a tax rate exceeding 100%, and there is a plan to include cases where Chinese manufacturers produce in Mexico. A bipartisan sense of caution against Chinese-made EVs that are sweeping the world by selling cheapness is growing.

Carnival raises full-year outlook - Baltimore Bridge collapse and Red Sea situation are serious
U.S. Cruise Line Operators $Carnival(CCL.US)$ The full-year earnings forecast for 2024 was raised slightly against the backdrop of record passenger demand. Meanwhile, in addition to citing negative effects related to the collapse of a large connecting bridge in Baltimore, it also continues to be affected by disputes in the Red Sea region.