Outlook for the US market: Retail sales in March grew unexpectedly, and the Dow Jones Industrial Average started the day with a gain of 92 points.

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[Indicator Flash Report] US March retail sales growth exceeded expectations, and the dollar-yen broke through the 154 yen level.
Marco Kolanovic, Chief Market Strategist of Morgan Stanley, has warned that the adjustment in the US stock market is not over, and there is a possibility of increased selling pressure due to macroeconomic risks such as rising bond yields, a stronger dollar, and higher oil prices.US retail sales in MarchisIncreased by 0.7% compared to the previous month、Surpassed the market's forecasted increase of 0.4%It reached the highest level since September last year. The previous period was revised upward from a 0.6% increase to a 0.9% increase. It shows the strength of personal consumption and further reduces expectations of a rate cut by the FRB.

Most central banks around the world are expected to lower interest rates, but the pace is gradual and it will not weigh heavily on the economy.
Although the peak of global rate hikes has passed, concerns about inflation among authorities may limit the relief to the global economy through interest rate cuts.

There is a low possibility that good earnings will push up US stock prices, according to JP Morgan.
Due to the record rise in US stocks this year, many optimistic views have already been factored in, so bright corporate performance is not likely to lead to higher stock prices, according to JP Morgan Chase's strategist's forecast.

Goldman Sachs expects an increase in profits in the first quarter (Q1), surpassing expectations for bond trading revenue.
$Goldman Sachs (GS.US)$Goldman Sachs announced that its net profit increased by 28% compared to the same period last year, surpassing analysts' expectations. Bond trading revenue was $4.32 billion (about 665 billion yen), exceeding even the most optimistic analyst's forecast.

OpenAI opens Tokyo office, the first in Asia.
OpenAI, a US-based startup that develops artificial intelligence (AI) chatbot GPT, opened its first office in Asia on the 15th in Tokyo, showing high expectations for business in Japan. CEO Sam Altman

Samsung to receive 1 trillion yen support from the US government for AI semiconductors supply chain.
On the 15th, the US government announced that it will provide up to $6.4 billion (about 980 billion yen) in subsidies for the new semiconductor plant and research and development base to be built by the South Korean company Samsung Electronics in Texas. Samsung aims to establish a cutting-edge semiconductor supply chain in the US, where major tech companies are located, catching up with Taiwan Semiconductor Manufacturing Co., Ltd. (TSMC) in the world of semiconductors for AI-related products etc.

Bullish copper market is expected to continue for the next 3 years, supported by supply shortages and AI demand.
The bullish copper market is expected to continue for at least the next three years, supported by global supply shortages and strong demand underpinning energy transition and artificial intelligence (AI) technologies. Industry analysts shared their outlook ahead of the 'CRU World Copper Conference' in Santiago, Chile from the 15th to the 17th.

Hong Kong grants initial approval for physical Bitcoin and Ethereum ETFs - various management companies announced.
Hong Kong has granted asset management firms the first approval for listed exchange-traded funds (ETFs) based on spot trading of the cryptocurrency Bitcoin and Ethereum. Harvest Global Investments announced on the 15th that it has obtained approval from the authorities. HashKey Capital and Boserla Asset Management (International) also announced the approval of their partnership on the same day.

Tesla may cut over 10% of its workforce, according to US reports, due to a decrease in electric vehicle sales.
The walt disney company $Tesla (TSLA.US)$It has been revealed that is planning to cut more than 10% of its workforce worldwide. This is reported by media outlets in the US and Europe, including Reuters. It is believed that this is in response to the decrease in sales volume due to the intensifying competition in the electric vehicle (EV) market, with the aim of cost reduction and efficiency improvement.

Apple's iPhone shipments for the first quarter, January-March, are estimated to have decreased by approximately 10%, according to individual US stock news.
$Apple (AAPL.US)$ is lackluster during after-hours trading. It has been revealed that the shipment volume of iPhones for the first quarter, January-March, decreased by nearly 10% compared to the previous year.

Source: Nikkei, Bloomberg, Dow Jones, Reuters
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