US market outlook: The Dow average waiting for tomorrow's US CPI starts at $90 higher
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This is the reading for tonight's NY stock.![]()
Market Overview
The US market started, and the Dow Jones Industrial Average, which consists of excellent stocks, rose 90.86 dollars to 38983.66 dollars, and the Nasdaq Composite Stock Price Index, which has a high high-tech stock ratio, began at 16328.76 with a 74.80 point increase. The S&P 500 average, which consists of stocks of 500 large American stocks, rose 14.64 points to 5217.03.
Market Overview
The US market started, and the Dow Jones Industrial Average, which consists of excellent stocks, rose 90.86 dollars to 38983.66 dollars, and the Nasdaq Composite Stock Price Index, which has a high high-tech stock ratio, began at 16328.76 with a 74.80 point increase. The S&P 500 average, which consists of stocks of 500 large American stocks, rose 14.64 points to 5217.03.
$Dow Jones Industrial Average(.DJI.US$
$Nasdaq Composite Index(.IXIC.US$
$S&P 500 Index(.SPX.US$
Top news
US authorities cut interest rates by 0.5 points in June and acted before presidential election - State S
State Street Global Advisors believes that the US Federal Reserve will cut interest rates by 0.5 points as early as June, against the recent hawkish shift in market consensus. The company believes that the US authorities will advance monetary easing ahead of the US presidential election in November. Interest rate cuts by the end of the year are expected to total 1.5 points, which is equivalent to 2.5 times the interest rate cut that the current market incorporates.
Three cuts in US interest rates by the end of the year are the “basic scenario” - former St. Louis Federal Bank Governor
James Bullard, the former president of the U.S. St. Louis Federal Reserve, said on the 9th that the country's economy remains solid, and the inflation rate is slowing down toward the authorities' targets, and US interest rates are expected to be cut three times by the end of the year. Mr. Bullard said that at present, the remarks made by the Federal Open Market Committee (FOMC) and Federal Reserve (FRB) Chairman Powell “should probably be taken at face value,” and “their most likely prediction at the moment continues to be three interest rate cuts this year. That's the basic scenario,” he said.
[Preview] US CPI for March scheduled to be announced tomorrow night Be careful of commodities-led inflation
The US Bureau of Labor Statistics is scheduled to announce the US March Consumer Price Index (CPI) at 21:30 (Japan time) on Wednesday, 4/10. In the market, March CPI is expected to be 3.4% (previous value increase 3.2%) compared to the same month last year, and core CPI is expected to increase 3.7% (previous value 3.8% increase). Although the figure compared to the same month last year is significantly lower than the peak of 6.6% recorded in '22, there are variations in recent developments aimed at controlling inflation.
Google to test and provide video generation AI for product PR, etc. Instantly
paddy $Alphabet-C(GOOG.US$ It was announced on the 9th that it has developed a video creation service “Vids (Biz)” using generative AI (artificial intelligence). New product presentation videos etc. can be created instantaneously with written instructions. As one of the functions of enterprise cloud services, test provision will begin in June in part. Generative AI was centered around creating documents and illustrations, but evolution compatible with richer content is accelerating.
Microsoft invests 44 billion yen in Japan to strengthen AI, the largest ever
$Microsoft(MSFT.US$ will invest 2.9 billion dollars (about 44 billion yen) in Japan over 2 years in order to strengthen the infrastructure infrastructure for generative AI, where demand is expanding. Kyodo News reported it. This is the largest investment ever made by the company in Japan. In addition to strengthening data centers, etc. that are essential for high-speed processing of generated AI, the first research center in Japan will also be established. Microsoft is expected to make an announcement soon to coincide with Prime Minister Kishida's visit to the US.
Distribution source: Nihon Keizai Shimbun, Bloomberg, Dow Jones
— MooMoo News Zeber
$Nasdaq Composite Index(.IXIC.US$
$S&P 500 Index(.SPX.US$
Top news
US authorities cut interest rates by 0.5 points in June and acted before presidential election - State S
State Street Global Advisors believes that the US Federal Reserve will cut interest rates by 0.5 points as early as June, against the recent hawkish shift in market consensus. The company believes that the US authorities will advance monetary easing ahead of the US presidential election in November. Interest rate cuts by the end of the year are expected to total 1.5 points, which is equivalent to 2.5 times the interest rate cut that the current market incorporates.
Three cuts in US interest rates by the end of the year are the “basic scenario” - former St. Louis Federal Bank Governor
James Bullard, the former president of the U.S. St. Louis Federal Reserve, said on the 9th that the country's economy remains solid, and the inflation rate is slowing down toward the authorities' targets, and US interest rates are expected to be cut three times by the end of the year. Mr. Bullard said that at present, the remarks made by the Federal Open Market Committee (FOMC) and Federal Reserve (FRB) Chairman Powell “should probably be taken at face value,” and “their most likely prediction at the moment continues to be three interest rate cuts this year. That's the basic scenario,” he said.
[Preview] US CPI for March scheduled to be announced tomorrow night Be careful of commodities-led inflation
The US Bureau of Labor Statistics is scheduled to announce the US March Consumer Price Index (CPI) at 21:30 (Japan time) on Wednesday, 4/10. In the market, March CPI is expected to be 3.4% (previous value increase 3.2%) compared to the same month last year, and core CPI is expected to increase 3.7% (previous value 3.8% increase). Although the figure compared to the same month last year is significantly lower than the peak of 6.6% recorded in '22, there are variations in recent developments aimed at controlling inflation.
Google to test and provide video generation AI for product PR, etc. Instantly
paddy $Alphabet-C(GOOG.US$ It was announced on the 9th that it has developed a video creation service “Vids (Biz)” using generative AI (artificial intelligence). New product presentation videos etc. can be created instantaneously with written instructions. As one of the functions of enterprise cloud services, test provision will begin in June in part. Generative AI was centered around creating documents and illustrations, but evolution compatible with richer content is accelerating.
Microsoft invests 44 billion yen in Japan to strengthen AI, the largest ever
$Microsoft(MSFT.US$ will invest 2.9 billion dollars (about 44 billion yen) in Japan over 2 years in order to strengthen the infrastructure infrastructure for generative AI, where demand is expanding. Kyodo News reported it. This is the largest investment ever made by the company in Japan. In addition to strengthening data centers, etc. that are essential for high-speed processing of generated AI, the first research center in Japan will also be established. Microsoft is expected to make an announcement soon to coincide with Prime Minister Kishida's visit to the US.
Distribution source: Nihon Keizai Shimbun, Bloomberg, Dow Jones
— MooMoo News Zeber
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