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-- 79.080 [Morning Report] US Federal Reserve leaves policy interest rate unchanged and maintains interest rate cut forecast 3 times within the year US Department of Justice sues Apple on the 21st
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Here are the key points of this morning's first report.
● [Tokyo Stock Exchange Rate Forecast Range] 39,900 yen - 40,600 yen (closing price on the 19th is 43 yen 60 sen)
● US Federal Reserve keeps policy interest rate unchanged and maintains interest rate cut forecast 3 times during the year
● [US Market Conditions] The S&P 500 is the highest every day, and the dollar has depreciated drastically since March - 151 yen
● The US Department of Justice also sued Apple on the 21st - alleges that it violates antitrust law
● US Reddit sets the IPO price at $34, the upper limit of the target range
● Is SEC investigating the Ethereum Foundation and tightening restrictions on virtual currency
●Tesla to implement “Model Y” price increase in China
● In the gap between NVIDIA, emerging forces break out with “openness”
— MooMoo News Kathy
● [Tokyo Stock Exchange Rate Forecast Range] 39,900 yen - 40,600 yen (closing price on the 19th is 43 yen 60 sen)
● US Federal Reserve keeps policy interest rate unchanged and maintains interest rate cut forecast 3 times during the year
● [US Market Conditions] The S&P 500 is the highest every day, and the dollar has depreciated drastically since March - 151 yen
● The US Department of Justice also sued Apple on the 21st - alleges that it violates antitrust law
● US Reddit sets the IPO price at $34, the upper limit of the target range
● Is SEC investigating the Ethereum Foundation and tightening restrictions on virtual currency
●Tesla to implement “Model Y” price increase in China
● In the gap between NVIDIA, emerging forces break out with “openness”
— MooMoo News Kathy
Market Overview
In the US stock market on the 20th, the NY Dow Jones Industrial Average continued to rise for 3 days to 39,512 dollars 13 cents, which was 401 dollars 37 cents higher than the previous business day. The Nasdaq Composite Stock Price Index rose 202.617 points to 16,369.408. The risk-on trend continues in the Tokyo stock market on the 21st, and it is expected that the Nikkei Stock Average will target the middle of the 40,000 yen range.
In the US stock market on the 20th, the NY Dow Jones Industrial Average continued to rise for 3 days to 39,512 dollars 13 cents, which was 401 dollars 37 cents higher than the previous business day. The Nasdaq Composite Stock Price Index rose 202.617 points to 16,369.408. The risk-on trend continues in the Tokyo stock market on the 21st, and it is expected that the Nikkei Stock Average will target the middle of the 40,000 yen range.
Top news
US Federal Reserve keeps policy interest rate unchanged and maintains interest rate cut forecast 3 times during the year
The US Federal Reserve (Fed) left policy interest rates unchanged at the current 5.25 to 5.50% at the US Federal Open Market Committee (FOMC) held on March 20. According to the FOMC interest rate forecast (dot plot) announced at the same time, the policy interest rate forecast (median) for the end of 2024 by FOMC members is 4.50 to 4.75%, which is 75 bps lower than the current level of 5.25 to 5.50%. This means that the Fed will cut interest rates by 25 bps 3 times within the year.
Related articles:Gold spot price, first 1 ounce = 2200 dollar range
[US Market Conditions] The S&P 500 is the highest every day, and the dollar has depreciated drastically since March - 151 yen
The US stock exchange rate on the 20th continued to rise for 3 days. The S&P 500 stock price index surpassed 5200 and hit a new high every day. Buying became dominant after the Federal Open Market Committee (FOMC) policy announcement, and the upper price increased in response to Federal Reserve (FRB) Chairman Powell's remarks.
Related articles:The S&P 500 hit its highest price for the 18th time this year! What are the top 10 companies that are experiencing amazing growth
US Federal Reserve keeps policy interest rate unchanged and maintains interest rate cut forecast 3 times during the year
The US Federal Reserve (Fed) left policy interest rates unchanged at the current 5.25 to 5.50% at the US Federal Open Market Committee (FOMC) held on March 20. According to the FOMC interest rate forecast (dot plot) announced at the same time, the policy interest rate forecast (median) for the end of 2024 by FOMC members is 4.50 to 4.75%, which is 75 bps lower than the current level of 5.25 to 5.50%. This means that the Fed will cut interest rates by 25 bps 3 times within the year.
Related articles:Gold spot price, first 1 ounce = 2200 dollar range
[US Market Conditions] The S&P 500 is the highest every day, and the dollar has depreciated drastically since March - 151 yen
The US stock exchange rate on the 20th continued to rise for 3 days. The S&P 500 stock price index surpassed 5200 and hit a new high every day. Buying became dominant after the Federal Open Market Committee (FOMC) policy announcement, and the upper price increased in response to Federal Reserve (FRB) Chairman Powell's remarks.
Related articles:The S&P 500 hit its highest price for the 18th time this year! What are the top 10 companies that are experiencing amazing growth
The US Department of Justice sued Apple on the 21st - alleges that it violates antitrust law
paddy $Apple (AAPL.US)$It became known that the US Department of Justice is proceeding with preparations to file a lawsuit against the company in federal court on the 21st, claiming that it interferes with rival access to the hardware and software functions of “iPhone (iPhone)” and violates antitrust laws.
paddy $Apple (AAPL.US)$It became known that the US Department of Justice is proceeding with preparations to file a lawsuit against the company in federal court on the 21st, claiming that it interferes with rival access to the hardware and software functions of “iPhone (iPhone)” and violates antitrust laws.
US Reddit sets IPO price at $34, upper target range
Reddit, the popular US SNS site management company, set the initial public offering (IPO) price at 34 dollars, which is the upper limit of the target range. Based on this, the company's value is approximately 6.4 billion dollars (about 962 billion yen). A person involved who knows the circumstances made it clear.
Reddit, the popular US SNS site management company, set the initial public offering (IPO) price at 34 dollars, which is the upper limit of the target range. Based on this, the company's value is approximately 6.4 billion dollars (about 962 billion yen). A person involved who knows the circumstances made it clear.
Is SEC investigating the Ethereum Foundation and tightening restrictions on virtual currency
The U.S. Securities and Exchange Commission (SEC) requested information on transactions with the Ethereum Foundation as part of an investigation on Ether, which is the world's second largest crypto asset (virtual currency). Multiple people involved who know the inside story made it clear.
The U.S. Securities and Exchange Commission (SEC) requested information on transactions with the Ethereum Foundation as part of an investigation on Ether, which is the world's second largest crypto asset (virtual currency). Multiple people involved who know the inside story made it clear.
Tesla to implement “Model Y” price increase in China
$Tesla (TSLA.US)$There was a backlash. The company will also implement a price increase for the “Model Y” in China. From April 1, we plan to raise the starting price of the Model Y locally produced in China by 5000 yuan (about 105,000 yen). The current price revisions follow the 1000 dollar (about 150,000 yen) price increases in the US and Europe announced earlier this month.
$Tesla (TSLA.US)$There was a backlash. The company will also implement a price increase for the “Model Y” in China. From April 1, we plan to raise the starting price of the Model Y locally produced in China by 5000 yuan (about 105,000 yen). The current price revisions follow the 1000 dollar (about 150,000 yen) price increases in the US and Europe announced earlier this month.
In the gap between NVIDIA, emerging forces break out with “openness”
As generative AI (artificial intelligence) rapidly evolves and penetrates, rice $NVIDIA (NVDA.US)$has taken in demand for image processing semiconductors (GPUs) for AI and is making a breakthrough. Are there any blind spots? We asked Mr. Mamoru Nakano, who is the president of the Japanese corporation at the Canadian semiconductor company Tenrent, which is regarded as one of its leading competitors.
As generative AI (artificial intelligence) rapidly evolves and penetrates, rice $NVIDIA (NVDA.US)$has taken in demand for image processing semiconductors (GPUs) for AI and is making a breakthrough. Are there any blind spots? We asked Mr. Mamoru Nakano, who is the president of the Japanese corporation at the Canadian semiconductor company Tenrent, which is regarded as one of its leading competitors.
Tokyo Stock Exchange Rate Forecast
Stock exchange rate forecast for the 21st = continued increase, risk continues to rise in US stocks after passing the FOMC
Stock exchange rate forecast for the 21st = continued increase, risk continues to rise in US stocks after passing the FOMC
Foreign substitutes
Key Market Events
![[Morning Report] US Federal Reserve leaves policy interest rate unchanged and maintains interest rate cut forecast 3 times within the year US Department of Just...](https://sgsnsimg.moomoo.com/sns_client_feed/181250687/20240321/0608f76772484ba397076d661989da6b.png/big?area=105&is_public=true)
![[Morning Report] US Federal Reserve leaves policy interest rate unchanged and maintains interest rate cut forecast 3 times within the year US Department of Just...](https://sgsnsimg.moomoo.com/sns_client_feed/181250687/20240321/1710976681138-f05ba6f9df.png/big?area=105&is_public=true)
Distribution source: Dow Jones, MINKABU, Fisco, Bloomberg, Wells Advisor, Nihon Keizai Shimbun
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大負けネコ(HYPER) : The current American stock price seems to be booming at first glance, with the S&P 500 hitting a high every day, but the February CPI (Consumer Price Index) announced the other day has risen to +3.1%, and in particular, gasoline is +3.8% and housing expenses are +0.4%, and it is said that these two alone account for 60% of the increase in the index.
Unlike Japan, it is an oil producing country, and its land area is large by digit, and furthermore, it is despite the appreciation of the dollar against almost all currencies.
Supported by high interest rates, deposit interest rates are about 5%, and government bonds are about 4% even for 5-year bonds. From the Japanese people's point of view, they are envious.
However, compared to a while ago, what is driving the rise in stock prices is biased towards semiconductor-related and AI, and stock prices such as conventional “dividend aristocrats” are unfortunate.
Seen from Japan, it can only be seen that “inflation is progressing further,” and the wealthy may be able to afford it, but it seems that the current high prices are quite severe for the middle class and the poor.
Therefore, the market consensus is that the Fed will comprehensively take these factors into account and cut interest rates by about 0.25% at an early stage.
At yesterday's meeting, interest rates were expected to be cut about 3 times this year. Since it is a relatively early period after April, when corporate financial results for the 2024 1Q are shown, we anticipate interest rate cuts in June.