Pay attention to this week's financial results and economic calendar (11/20 to 11/24) US NVIDIA financial results! A litmus test for high tech stocks

This week's points
Japanese stocks are expected to gain a foothold in the high price range this week. Immediate events such as Japan-US monetary policy meetings and financial results announcements went round. Concerns about additional interest rate hikes in rice have become scarce, interest rate declines can be expected, and business performance is in a situation where they are strong, and “uncertain factors have disappeared and a sense of purchase security spreads.”

The Japanese and US markets will be closed for public holidays on the 23rd, and the US will have shortened transactions on the 24th,There is a possibility that sales will become one-sided amid thin businessSo you need to be careful. Also, on the 24th, the simultaneous sale “Black Friday,” which is the beginning of the year-end sales season, will be held, and it seems that trends in rice retail will attract attention.

Last week's market price points
1. The Nikkei Average rose for 3 consecutive weeks and recovered to the 33500 yen level
2. The yen swings in the direction of depreciation in the exchange market
US CPI for 3.10 fell short of expectations and market sentiment improved
4. Long-term US interest rates fall, US tech stocks rise
5. The details of US retail sales and PPI are mixed
6. Japan's semiconductor stocks hit new highs

The Nikkei Average rose for 3 consecutive weeks to 33,585 yen in the Tokyo stock market last week, 1017.09 yen (3.12%) higher than the previous weekend. In addition to the October US Consumer Price Index (CPI) and October Rice Producer Price Index (PPI) announced last week showing a slowdown in inflation,US economic indicators suggesting economic deceleration have come one after anotherSo, in the market, it depends on the US Federal ReserveAdditional interest rate hike observations recedeDoing it. The Nikkei Average rose over 800 yen on the 15th due to a decline in long-term interest rates in the US,Record the biggest increase this yearI did it. Factset Japan Semiconductor Index also rose 4.5% on the 15thHit a new record highI did it.

The overall and core US CPI in October slowed more than expected against the backdrop of falling gasoline prices, and US 10-year bond yields declined further. The details of the US retail sales and PPI announced on the 15th were mixed. Retail sales in October were negative for the first time in 7 months since March, but the USYear-end sales seasonIt is welcoming,There is a high possibility that the downward trend will not continue。 In addition, the number of new weekly unemployment insurance claims exceeded expectations and reached a high level for the first time in 3 months,Looks like the momentum of the strong labor market has slowed somewhatIt was shown.

The preliminary gross domestic product (GDP) value for the fiscal year ending 7-9 announced by the Cabinet Office on the 15th was negative for the first time in 3 quarters. Due to a fall greater than expected by the market,There is a possibility that policy normalization from the Bank of Japan's monetary easing will be delayedThere is. After the announcement, the dollar/yen exchange rate was 1 dollar = 150 yen range from the first half to the second halfThe yen depreciatesThat's it. Also, Bank of Japan Governor Ueda said at the House of Representatives Finance and Finance Committee on the 17th, “Under the framework of long and short interest rate manipulation (yield curve control, YCC)Tenaciously continue monetary easingThe policy of “supporting economic activity by doing so and creating an environment where wages are likely to rise” was once again shown,Speculations that the Bank of Japan's monetary policy will move towards normalization have fadedKototomoThe burden of yenIt's likely to happen.

-MOOMOO News Sherry
Source: MINKABU, Bloomberg, investors, Traders Web, Wells Advisor