[Morning Report] The European and American markets raise interest rates and sell Japanese stocks in yen are “an opportunity for reevaluation” and the rise in stock prices of companies that NVIDIA CEO mentioned as “king makers”

Good morning to all Moomoo users!Here are the key points of this morning's first report.
● [Tokyo Stock Exchange Rate Forecast Range] Domestic market closed due to vernal equinox
●Western countries, and the Bank of Japan raise interest rates and sell Japanese stocks in yen are “an opportunity for reevaluation”
● Significant increase in the number of US housing starts since May last year - suggests a pick-up in the market
● Stock price increases of companies mentioned by NVIDIA CEO as “King Maker”
● BoFA strategists are divided over the “euphoria” of the US stock market
ー MooMoo News Evelyn

Market Overview
In the US stock market on the 19th, the Dow average fell to a depreciation of 29 dollars in the morning, then rose to a high of 332 dollars at the end of the session, and ended at 39110.76 dollars, which was 320.33 dollars higher (+ 0.83%). The rate of increase was the largest since February 22. The S&P 500 also fell and started, but ended at 4178.51 points, 0.56% higher, and hit the highest closing price for the first time in 5 business days since 3/12. The domestic market will be closed for the vernal equinox day.

Top news
Questions about the FRB balance sheet are piling up as FOMC approaches an answer
The U.S. Federal Open Market Committee (FOMC) will begin in-depth discussions on financial authorities' balance sheets at a regular meeting to be held this week. Regarding the deceleration of the pace of withdrawing surplus funds from the financial system, it is expected that the starting time and method will be discussed.
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Europe and America raise interest rates and sell Japanese stocks in yen is an “opportunity for reevaluation”
The yen exchange rate against the dollar fell further in the New York Foreign Exchange Market on the 19th, and at one point, 1 dollar = 150 yen 90 yen, and the yen depreciated and high level of the dollar for the first time in 4 months. The Bank of Japan, which has lifted negative interest rates, suggests an attitude of not rushing to raise additional interest rates, and yen selling pressure continued from the presupposition that the Japan-US interest rate difference would be difficult to shrink for the time being.

Significant increase in the number of US housing starts since May last year - suggests a pick-up in the market
The number of US housing starts recovered rapidly in February. It shows that builders are benefiting from the fact that mortgage interest rates have declined slightly and that second-hand properties are scarce.

BoFA strategists are divided over the “euphoria” of the US stock market
Opinions are divided on Wall Street over whether the US stock market is rising too much and the pitch is too fast, but opinions differ even among Bank of America (BoFA) strategists.

Stock price increases of companies mentioned by NVIDIA CEO as “King Maker”
Major US semiconductor company $NVIDIA (NVDA.US)$The keynote speech given by CEO Jenson Huang on the 18th attracted a lot of attention, but it did not move the company's stock price significantly. However, it is resonating with the stock prices of NVIDIA's customers and partners.
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Bank of Japan's vanished January/April interest rate hike plan moves due to wage increases and yen depreciation
The Bank of Japan has lifted the negative interest rate policy. The background of the interest rate hike for the first time in 17 years was a sense of crisis about the super depreciation of the yen, where around 1 dollar = 150 yen became normal, and the political situation swayed by the slush fund issue of the Liberal Democratic Party faction was also involved. The January plan and April plan also surfaced, but the final deciding factor was that drastic wage increases in spring labor-management negotiations (spring battles) were confirmed before the March monetary policy meeting.
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Commercial real estate, footsteps of an approaching new crisis - CRE · CLO predicament due to bad debts
While borrowers struggle to repay loans related to commercial real estate (CRE) ventures, investment products that financially support high-risk projects are being driven into an unprecedented predicament. It's CRE loan-backed securities (CLO).

Tokyo Stock Exchange Rate Forecast
Domestic market closed due to vernal equinox

Foreign substitutes