Good morning to all moomoo users!Here's a summary of this morning's snuggle up. Thank you for your support.
Market Overview
Today's Nikkei Stock Average started at 38960.99 yen, 253.35 yen higher than the previous business day, and the Tokyo Stock Price Index (TOPIX) started at 2688.46, 17.66 points higher.
Top news
Bank of Japan meeting highlights: Interest rate hikes for the first time in 17 years, concrete measures, and normalization processes
At the monetary policy meeting where the Bank of Japan will announce the results on the 19th, policy normalization, starting with the cancellation of negative interest rates, and its concrete measures will be the biggest focus. If cancellation is decided, it seems that the process of normalization, such as the pace of future interest rate hikes, etc. will be explored from statements and President Ueda Kazuo's remarks.
Machine orders fell 1.7% in January, negative for the first time in 2 months, manufacturing sluggish
According to the January machine order statistics announced by the Cabinet Office on the 18th, civilian demand (excluding ships and electricity, seasonally adjusted), which is a leading indicator of capital investment, was 823.8 billion yen, down 1.7% from the previous month. Negative for the first time in 2 months. Orders declined, mainly in the manufacturing industry.
Will 4 trillion dollars of Japanese money go overseas even after the Bank of Japan's negative interest rate is lifted - MLIV survey
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