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 began at 39839.82 yen, 256.74 yen higher than the previous business day, and the Tokyo Stock Price Index (TOPIX) started at 2831.63, 22.00 points higher.
Top news
The yen is in the latter half of the 160 yen range, intervention caution is smoldering - the euro has a buying advantage after the French House of Representatives election
The yen exchange rate of the Tokyo Foreign Exchange Market on the morning of the 1st remained almost unchanged since the evening of last weekend, with 1 dollar = in the latter half of the 160 yen range. A slowdown in inflation was confirmed in the United States, and yen was bought temporarily, but the rise in US interest rates with the end of the month weighed on yen. The trend continues to be low for the first time in about 38 years, and concerns about yen buying intervention by the government and the Bank of Japan are smoldering.
Japanese stocks in the latter half of '24, strategists read rising and slowing - funds go to competitive markets
Strategists predict that the rate of rise in the Japanese stock market in the latter half of 2024 will slow drastically, and there is a high risk that global investment money will flow to competitive markets such as China.
The January-March GDP revision was revised downward to an annual rate of 2.9%, reflecting revisions to basic statistics
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