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Starting with the Nikkei average rising by 260 yen, GDP fell 2.0% per annum from January to March, negative growth for the first time in 2 quarters

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moomooニュース日本株 wrote a column · May 15 19:15
Starting with the Nikkei average rising by 260 yen, GDP fell 2.0% per annum from January to March, negative growth for the first time in 2 quarters
Good morning to all moomoo users!Here's an overview of this morning's turnaround. Thank you in advance.

Market Overview
Today's Nikkei Stock Average started at 38645.96 yen, 260.23 yen higher than the previous business day, and the Tokyo Stock Price Index (TOPIX) started at 2741.39, 10.51 points higher.
Starting with the Nikkei average rising by 260 yen, GDP fell 2.0% per annum from January to March, negative growth for the first time in 2 quarters
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GDP fell 2.0% per annum from January to March, negative growth for the first time in 2 quarters
The preliminary gross domestic product (GDP) figures for the fiscal year ending January to March announced by the Cabinet Office on the 16th were actually seasonally adjusted values excluding the effects of price fluctuations decreased 0.5% from the previous fiscal year and 2.0% in terms of an annualized rate. This was negative growth for the first time in two quarters.

Bank of Japan interest rate hike stopped by 0.5%, prioritizing government bond purchases and reductions - US Alliance
Hashimoto Yusuke, portfolio manager of the major US asset management alliance Bernstein, believes that the Bank of Japan's interest rate hike will be limited by balance sheets that have expanded under cross-dimensional relaxation, and will remain at around 0.5%. The Bank of Japan prioritizes reduction in government bond purchases over interest rate hikes, and it is anticipated that the reduction will be decided as early as the June monetary policy meeting.

Mitsubishi UFJ - continued decline, final profit expected to increase 0.6% this fiscal year, but disgusted by the conservative outlook
$Mitsubishi UFJ Financial Group (8306.JP)$Continued decline. The company announced on the 15th that it will target 1.5 trillion yen (0.6% increase from the previous fiscal year) for its consolidated net profit forecast for the full fiscal year 25.3. The market consensus is 1.49 trillion yen.
Sumitomo Mitsui FG - Buying Sentiment: Final Profit Expected to Increase by 10% This Fiscal Year, 20% Increase in the Previous Fiscal Year
$Sumitomo Mitsui Financial Group (8316.JP)$It's a buying trend. The company announced on the 15th that its consolidated net profit forecast for the full year of the 25.3 fiscal year was 1.06 trillion yen (up 10.1% from the previous fiscal year). The market consensus is 988.6 billion yen.
Mizuho FG-falls for the first time in 6 days and the final profit for the current fiscal year is expected to increase by 10%, but materials are running out
$Mizuho Financial Group (8411.JP)$fell for the first time in 6 days. The company announced on the 15th that the consolidated net profit forecast for the full fiscal year 25.3 is 750 billion yen (up 10.4% from the previous fiscal year). The market consensus is 704.8 billion yen.
Kanpo Life - fall final profit for the current fiscal year is expected to decrease 9% the previous fiscal year is expected to decrease 11%
$Japan Post Insurance (7181.JP)$has declined. The company announced on the 15th that the consolidated net profit forecast for the full fiscal year 25.3 is 79 billion yen (down 9.3% from the previous fiscal year) and the annual dividend forecast is 104 yen (94 yen for the previous fiscal year).
Distribution source: Nihon Keizai Shimbun, Bloomberg, Traders Web
ー Moo Moo News Japanese stock Evelyn
Starting with the Nikkei average rising by 260 yen, GDP fell 2.0% per annum from January to March, negative growth for the first time in 2 quarters
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