[Morning Report] US PCE data, bank of Japan meeting this week, financial results will be announced whether risk off will be stopped, full-scale from 23rd, attention is being paid to semiconductor-related matters

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Does US PCE data further confirm FRB's patient attitude - this week's macro
US financial officials are likely to confirm further signs that progress in declining inflation has stalled this week. Currently, the idea of maintaining higher interest rates longer than previously anticipated is oozing, and there is a possibility that it will support the change in tone.
Related articles:Central bank officials brace for oil shocks and are wary of a rekindling of inflation due to tension in the Middle East

Money outflow from US stocks due to interest rate unease, good news is not good - BoFA
Rice Silver $Bank of America(BAC.US)$According to the report, the strong US economy and the persistence of inflation have raised concerns that the US Federal Reserve will keep interest rates at higher levels longer, and investors are withdrawing funds from stocks.

Will risk offs stop at the Bank of Japan meeting this week? Japanese stocks, yen, crude oil
The financial market is wrapped in a risk-off (avoidance) mood. It was reported that Israel fought back against Iran before dawn on the 19th (same day a.m. Japan time), and the Nikkei Stock Average on the same day recorded the biggest decline this year. Will risk-off stop? Here's a summary of this week's 3 points. ・The tense situation in the Middle East “crude oil will skyrocket if supply is affected” ・Major Japan-US corporate financial results, high expectations, and disappointing sales ・Bank of Japan meeting on the weekend, the market “maintains the status quo”
Related articles:The accommodative financial environment will continue for the time being, and government bond purchases will eventually be reduced - Bank of Japan Governor
US stock index futures overtime trading rose, no weekend turbulence and a sense of security for now
The yen is in the latter half of the 154 yen range, and the recovery in long-term US interest rates is supported by intervention cautions and Bank of Japan meetings

Financial results for the fiscal year ending March 31 will be announced, and attention will be paid to semiconductor-related matters starting on the 23rd
The announcement of financial results for the fiscal year ending 2024/3 by listed companies is in full swing. This week is on the 23rd $Nidec(6594.JP)$ It starts with, $DISCO CORPORATION(DISPF.US)$ Ya $Advantest(6857.JP)$ etc. will be announced. Over the middle of May, $Toyota Motor(7203.JP)$ Ya $Sony Group(6758.JP)$etc., and so on. As the environment surrounding the US recedes in interest rate cut observations and the tense situation in the Middle East changes, the outlook for business results and shareholder return attitudes are attracting attention.

“Rich” companies stand out in automobile-related areas where expectations for dividend increases are growing
When searching for promising small to medium stocks, “cash rich (rich people)” is also one point of view. In addition to requests for low PBR (stock price-net asset ratio) improvements by the Tokyo Stock Exchange, activist (talking shareholders) movements are also active. If PBR is a rich company divided by 1 times, there is a possibility that shareholder returns will be strengthened as part of countermeasures. Nikkei Veritas was listed on the Tokyo Stock Exchange Prime or Standard, and cash-rich stocks were extracted from PBR 1 times split companies with a total market value of 30 billion yen or more and less than 500 billion yen.

Kubota vice president says if tigers “don't be pessimistic” there will be tailwind for construction machinery
What do Japanese companies think about the impact of when the “what if tiger,” in which former President Trump wins the US presidential election in November, becomes a reality? Develop construction equipment etc. in the United States $Kubota(6326.JP)$Vice President Yoshikawa Masato points out that factories will be built due to the return of the manufacturing industry to the United States, and if residential areas are built in the surrounding area, “there is no need to necessarily take it pessimistically.”

Tesla cut prices one after another over the weekend, targeting EVs and autonomous driving support software
American electric vehicle (EV) manufacturer, $Tesla(TSLA.US)$Over the weekend, in addition to successively lowering the price of its own models in China, Europe, and the United States, the price of software was also cut. The background is that inventory is piling up due to poor sales.