Good morning to all moomoo users!Here is the overview of this morning's market opening. Thank you.
Market Overview
In today's Tokyo stock market, the Nikkei average stock price started at 39,928.33 yen, up 476.48 yen from the previous trading day, with the Tokyo stock price index (TOPIX) starting at 2,731.50, an increase of 24.99 points.
Top News
Four reasons why the historical interest rate hike cannot save the yen, the low-altitude flight of interest rates and volatility resonates.
Despite the Bank of Japan's first interest rate hike in 17 years, the exchange rate of the yen has not rebounded as much as government and BOJ officials who want to mitigate the risk of import inflation had hoped. Many strategists are rather expecting a continued trend of yen depreciation in the short term, citing four points as reasons.
Yen exchange rate, 140-150 yen at the end of the year, Mr. Kaita of State Street Bank
Since the beginning of 2024, the yen depreciation has been accelerating. Currently, it is moving at around 151 yen to the dollar mid-range, the lowest level in about 34 years. I asked Mr. Kazushige Kaita, Head of Financial Markets at State Street Bank Tokyo Branch, about the outlook for the yen exchange rate for the year.
BOJ's full normalization is expected after the fiscal year 2025, this autumn, there will also be a 'slight jab' interest rate hike - Mr. Sakurai
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On March 19th, the S&P 500 stock index closed at 5,178.51, up 0.6%.It marks the 18th record high in history.reached a record high.
One of the standout stocks with a sharp increase in share price is the leading US semiconductor company. $NVIDIA (NVDA.US)$They have ridden the wave of the 'AI boom,' causing NVIDIA's stock price to soar.Following last year's approximately 3.4-fold increase,this year,it has risen by 80.53% YTD..
In the USA,it is the largest producer of carbon-free energy.SMM Cello Verde Netherlands. $Constellation Energy (CEG.US)$isUp 47.79%..
In addition, the US-based operator of Facebook $Meta Platforms (META.US)$expects performance recovery due to solid performance in its main internet advertising business and workforce reduction.Up 40.35% year-to-dateIt became.
Boasting the world's top share of gas turbines $GE Aerospace (GE.US)$isUp 35.91%and petroleum...