[Morning Report] S&P 500 backlash with a sense of relief from Chairman Powell's remarks Is Apple's “next highlight” a home robot

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[US Market Conditions] S&P 500 backlash, sense of relief at Fed chairman's remarks - around 151 yen 70 yen
In the US stock market on the 3rd, the S&P 500 stock price index and the Nasdaq Composite Index rebounded. US Federal Reserve (Fed) Chairman Powell once again expressed the idea of taking a wait-and-see attitude when deciding to cut interest rates in a lecture that was attracting attention.
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A sense of alarm about the rekindling of US inflation, the yen exchange rate is close to 152 yen, and the highest price of gold
There is a growing sense of caution in financial markets against a resurgence in US inflation. The expected inflation rate is on an upward trend against the backdrop of a solid economic situation and high crude oil prices. Long-term US interest rates are rising due to postponed observations of interest rate cuts, and the yen exchange rate is approaching 152 yen against the dollar. Gold prices hit a new high due to demand to avoid inflationary risks.
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The US-March ISM non-manufacturing business climate index fell short of expectations by 51.4

The Bank of Japan will fully normalize after fiscal year 25, and interest rates will also be raised “about a jab” this fall - Mr. Sakurai
Former Bank of Japan deliberation committee member Sakurai Makoto said that if the sustainability of positive changes in the Japanese economy can be confirmed, there is a possibility that the Bank of Japan will raise additional interest rates to 0.25% as early as October. Full-scale normalization will occur after 2025, and they expressed the view that the pace of interest rate hikes is also expected to accelerate depending on the economy and price conditions.

Apple Seeks to Enter Home Robots - “Next Focus” After Abandoning EVs
$Apple (AAPL.US)$is investigating entry into personal robots as a candidate for the “next highlight.” According to the person involved who spoke anonymously on the grounds that it is a confidential project, the engineers on the team in charge are searching for the development of a mobile robot that follows the user in the home. It is said that Apple is already developing a desktop home device that uses robotics to move the display.

Vigilance spreads among investors due to falling stock prices at a critical moment approaching Tesla
Major electric vehicle (EV) company, US $Tesla (TSLA.US)$The stock price is showing a sharp drop approaching an extremely serious level for investors. The stock price, which was around 400 dollars in January 2022, has now fallen to around 166 dollars. While investors are desperate to hit the bottom, $150 is attracting attention as an important milestone in technical analysis.
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Intel shares fell more than 7%, and sales were disappointing due to a sluggish outlook for the manufacturing sector
Major semiconductor companies in the US stock market on the 3rd $Intel (INTC.US)$The stock price fell the most in the past 2 months or so. The deficit in the manufacturing sector has expanded, and disappointing sales are spreading because they have shown the view that there is a possibility that the break-even point will not be reached in the next few years.

Disney's 500 billion yen victory in the power of attorney battle is also costly
paddy $Disney (DIS.US)$A general shareholders' meeting was held on the 3rd, and company proposals, such as the appointment of directors, were passed with a majority of approval. They won the power of attorney battle, which was said to be “the biggest in American history,” but they spent 500 billion yen to fight back against famous activists (talking shareholders), and the cost was heavy. The suffering of the world's largest entertainment company shows how much it takes a backseat to solving management issues.

Taiwan TSMC “Over 70% of Factory Equipment Has Been Recovered” Large-scale Earthquake
Of the world's leading semiconductors $Taiwan Semiconductor (TSM.US)$(TSMC) revealed on the night of the 3rd that 70% or more of factory equipment was restored within 10 hours of occurrence over a large-scale earthquake with the epicenter off eastern Taiwan that occurred on the morning of the same day.

Tokyo Stock Exchange encourages entry of relaxation management companies to promote active ETFs
The Tokyo Stock Exchange will consider relaxation of listing standards and information disclosure standards for active exchange-traded funds (ETFs) that are not linked to indices. Compared to immediately after the ban was lifted in 2023/9, active ETF balances are sluggish. Regulations relating to the use of derivatives (financial derivatives) and disclosure of investee stocks will be relaxed, and revitalization will be promoted.