US market outlook: US PPI in March, significant growth for the first time in 11 months, the Dow average starts at 61 dollars higher
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Market Overview
The US market started, and the Dow Jones Industrial Average, which consists of excellent stocks, rose 61.75 dollars to 38523.26 dollars, and the Nasdaq Composite Stock Price Index, which has a high high-tech stock ratio, rose 65.84 points to 16236.20. The S&P 500 average, which consists of stocks of 500 large American stocks, is 5172.95, 12.31 points higher.
Market Overview
The US market started, and the Dow Jones Industrial Average, which consists of excellent stocks, rose 61.75 dollars to 38523.26 dollars, and the Nasdaq Composite Stock Price Index, which has a high high-tech stock ratio, rose 65.84 points to 16236.20. The S&P 500 average, which consists of stocks of 500 large American stocks, is 5172.95, 12.31 points higher.
$Dow Jones Industrial Average (.DJI.US)$
$Nasdaq Composite Index (.IXIC.US)$
$S&P 500 Index (.SPX.US)$
Top news
[Index Bulletin] The US March Producer Price Index (PPI) increased 0.2% from the previous month, and the core index, which falls short of market expectations, increased 0.2% from the same period
The U.S. Department of Labor will make an announcementProducer Price Index (PPI) for Marchis0.2% increase from previous month、Below market expectations for a 0.3% increase. It slowed from a 0.6% increase in the previous fiscal year and became the lowest since the beginning of the year.2.1% increase compared to the previous yearGrowth expanded from the previous 1.6%, and once again it reached the US Federal Reserve (Fed) target of 2% or more,It fell short of market expectations of a 2.2% increase。
$Nasdaq Composite Index (.IXIC.US)$
$S&P 500 Index (.SPX.US)$
Top news
[Index Bulletin] The US March Producer Price Index (PPI) increased 0.2% from the previous month, and the core index, which falls short of market expectations, increased 0.2% from the same period
The U.S. Department of Labor will make an announcementProducer Price Index (PPI) for Marchis0.2% increase from previous month、Below market expectations for a 0.3% increase. It slowed from a 0.6% increase in the previous fiscal year and became the lowest since the beginning of the year.2.1% increase compared to the previous yearGrowth expanded from the previous 1.6%, and once again it reached the US Federal Reserve (Fed) target of 2% or more,It fell short of market expectations of a 2.2% increase。
Bond traders are also looking at a scenario where the yield on 10-year US bonds is over 5% with zero interest rate cuts
While the scenario where the US Federal Open Market Committee (FOMC) will not cut interest rates this year is becoming even more realistic, bond traders are preparing to break through 5% of US 10-year bond yields. British management giant Schroder has shorted US bonds for multiple years. The background is the risk that interest rates will remain high due to sustained inflation. Pacific Investment Management (PIMCO) predicts that FOMC will proceed with mitigation at a slower pace than other developed countries/regions, and the possibility that mitigation will not be carried out at all by the end of the year “cannot be ignored.”
“No reduction in US interest rates by the end of the year” will proceed with portfolio readjustment due to concerns about high prices
Concerns about a rekindling of US inflation have surfaced, and investors are under pressure to prepare for the 2012 scenario that was hardly anticipated, that is, a situation where interest rates are not cut. Expectations surrounding monetary easing by the US Federal Reserve (FRB) have declined rapidly. In response to the strong consumer price index announced on the 10th, this year's interest rate decline is expected to be only 40 basis points (bp) in the futures market, and it has shrunk from 150 bps at the beginning of the year.
OPEC needs to keep a close eye on oil market trends - summer demand outlook is strong
The Organization of Petroleum Exporting Countries (OPEC) said that a rapid increase in demand is expected in the future, and expressed the view that it is necessary to keep a close eye on petroleum trends over the next few months in order to ensure a “healthy and sustainable market balance.” OPEC maintained a bullish view of the growth in global oil demand this year in the April monthly report published on the 11th. A maximum increase of 2.7 million barrels per day was predicted from July to September (3rd quarter) compared to the previous year. Oil consumption seems to be heating up more than expected, and many market participants have warned in the past few days that there is a possibility that crude oil prices will reach $100 per barrel this summer.
Meta triples efficiency of new proprietary AI semiconductor “inference”
paddy $Meta Platforms (META.US)$ It was announced on the 10th that it has developed a new type of artificial intelligence (AI) semiconductor that it handles independently. In addition to speeding up computational processing of “inference” where AI leads to answers, power consumption is reduced when optimizing advertisement display on SNS services of in-house services, etc.
Is copper price strong due to tight supply and demand and depreciation of the dollar
BMI, which participated in Fitch Solutions, said there is a high possibility that international copper prices will continue to rise until the end of the year. It is said that tight supply and demand forecasts and the depreciation of the dollar will be a tailwind. Copper prices, which have been gradually rising since the beginning of the year, were added to 1 ton = 9089 dollars in March, and BMI raised the average price forecast for 24 years from the conventional 1 ton = 8800 dollars to 9200 dollars.
While the scenario where the US Federal Open Market Committee (FOMC) will not cut interest rates this year is becoming even more realistic, bond traders are preparing to break through 5% of US 10-year bond yields. British management giant Schroder has shorted US bonds for multiple years. The background is the risk that interest rates will remain high due to sustained inflation. Pacific Investment Management (PIMCO) predicts that FOMC will proceed with mitigation at a slower pace than other developed countries/regions, and the possibility that mitigation will not be carried out at all by the end of the year “cannot be ignored.”
“No reduction in US interest rates by the end of the year” will proceed with portfolio readjustment due to concerns about high prices
Concerns about a rekindling of US inflation have surfaced, and investors are under pressure to prepare for the 2012 scenario that was hardly anticipated, that is, a situation where interest rates are not cut. Expectations surrounding monetary easing by the US Federal Reserve (FRB) have declined rapidly. In response to the strong consumer price index announced on the 10th, this year's interest rate decline is expected to be only 40 basis points (bp) in the futures market, and it has shrunk from 150 bps at the beginning of the year.
OPEC needs to keep a close eye on oil market trends - summer demand outlook is strong
The Organization of Petroleum Exporting Countries (OPEC) said that a rapid increase in demand is expected in the future, and expressed the view that it is necessary to keep a close eye on petroleum trends over the next few months in order to ensure a “healthy and sustainable market balance.” OPEC maintained a bullish view of the growth in global oil demand this year in the April monthly report published on the 11th. A maximum increase of 2.7 million barrels per day was predicted from July to September (3rd quarter) compared to the previous year. Oil consumption seems to be heating up more than expected, and many market participants have warned in the past few days that there is a possibility that crude oil prices will reach $100 per barrel this summer.
Meta triples efficiency of new proprietary AI semiconductor “inference”
paddy $Meta Platforms (META.US)$ It was announced on the 10th that it has developed a new type of artificial intelligence (AI) semiconductor that it handles independently. In addition to speeding up computational processing of “inference” where AI leads to answers, power consumption is reduced when optimizing advertisement display on SNS services of in-house services, etc.
Is copper price strong due to tight supply and demand and depreciation of the dollar
BMI, which participated in Fitch Solutions, said there is a high possibility that international copper prices will continue to rise until the end of the year. It is said that tight supply and demand forecasts and the depreciation of the dollar will be a tailwind. Copper prices, which have been gradually rising since the beginning of the year, were added to 1 ton = 9089 dollars in March, and BMI raised the average price forecast for 24 years from the conventional 1 ton = 8800 dollars to 9200 dollars.
Distributor: Nihon Keizai Shimbun, Bloomberg, Dow Jones, Reuters
— MooMoo News Zeber
— MooMoo News Zeber
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