US Market Outlook: US March Retail Sales Unexpectedly Grow and Expand Dow Average Starts at $92 Higher

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[Index Bulletin] US March retail sales unexpectedly grow and expand, dollar yen breaks through 154 yen
The U.S. Department of Commerce will announceRetail sales of rice in MarchIs0.7% increase from previous month、Exceeded market expectations for a 0.4% increaseIt recorded a high level since September last year. The previous fiscal year was revised upward from a 0.6% increase to a 0.9% increase. It shows the strength of private consumption, and the content further recedes expectations of the Fed's interest rate cuts.

The majority of central banks in the world are cutting interest rates - the pace is slow, and the weight on the economy is not going away
The peak of global interest rate hikes has passed, but since officials are wary of inflation, reducing the burden on the global economy due to interest rate cuts may be limited.

Good financial results are unlikely to boost US stock prices - JP Morgan
Since most of the optimistic views have already been factored in in response to the record rise in US stocks this year, JPMorgan Chase strategists predicted that bright corporate performance would not lead to stock appreciation.

Goldman increases January-March profit - higher than expected bond trading income
$Goldman Sachs(GS.US)$Profit for January-March (first quarter) exceeded analysts' expectations. According to the announcement on the 15th, net profit increased 28% from the same period last year. Analysts anticipated a decline in profit. Bond trading revenue was 4.32 billion dollars (about 665 billion yen), which exceeded the expectations of even the most optimistic analysts.

Open AI opens Tokyo office for the first time in Asia
The US startup Open AI, which handles generative artificial intelligence (AI) “chat GPT,” opened its first Asian office in Tokyo on the 15th, showing a sense of anticipation for business in Japan. Sam Altman Chief Executive Officer

Samsung supports supply network with AI semiconductors by 1 trillion yen from the US government
The US government announced on the 15th that it will subsidize a maximum of 6.4 billion dollars (about 980 billion yen) for the new semiconductor plant and research and development base to be built by South Korea's Samsung Electronics in Texas. Samsung will establish a supply network for cutting-edge semiconductors in the United States, where major tech companies and the like are lined up. It follows Taiwan Integrated Circuit Manufacturing (TSMC), the world leader in semiconductors, with products for artificial intelligence (AI), etc.

The bull market for copper is expected to continue for the next 3 years, supported by supply difficulties and AI demand
The bull market for copper is boosted by steady demand supporting energy transitions and artificial intelligence (AI) technology in addition to global supply difficulties, and is expected to continue for at least the next 3 years. Ahead of the “CRU World Copper Conference” to be held from 15 to 17 in Santiago, the capital of Chile, industry analysts indicated the outlook.

Hong Kong approves physical Bitcoin/Ether ETF for the first time - management companies announce
Hong Kong was the first to allow asset management companies to start exchange-traded funds (ETFs) based on spot transactions for the crypto assets (virtual currency) Bitcoin and Ether. Harvest Global Investments announced on the 15th that it had obtained approval from the authorities. It was announced on the same day that the partnership between Hash Key Capital and Bosera Asset Management (International) has also received approval.

Will Tesla cut employees by 10% or more due to US reports, EV sales decline
paddy $Tesla(TSLA.US)$It became known that it is a policy to reduce the number of employees by 10% or more worldwide. It was reported by American and European media such as Reuters. As sales competition for electric vehicles (EVs) progresses, it seems that the aim is to respond to a decrease in the number of units sold and promote cost reduction and efficiency improvement.

Apple's iPhone shipments for the January-March period fell by about 10% = US stocks individually
$Apple(AAPL.US)$ It's soft outside of hours. It became clear that iPhone shipments in the January-March period decreased by nearly 10% compared to the previous year.

Distributor: Nihon Keizai Shimbun, Bloomberg, Dow Jones, Reuters
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