Points for this week
It is expected that the Japanese stock market this week will have a heavy upside. Amid concerns that investors' sentiment will be chilled as the United States' inflation remains unsettled and the likelihood of interest rate cuts recedes, there is a lack of new information after passing the earnings of the highly anticipated U.S. NVIDIA. From major economic indicatorsit seems that there will be a development to explore clues about the future of U.S. monetary policyaccording to Daiki Takei, President of Resona Holdings, it is expected that range-bound trading will continue until around the summer, when the earnings announcements for the April-June period will be released. "Many companies have announced conservative outlooks for the current fiscal year in their earnings reports, so stock prices are finding it difficult to gain upward momentum. In addition, the retreat of expectations for interest rate cuts in the United States is also starting to be noticed," he said, and stock prices are likely to remain lackluster even after next week.
As the earnings announcements come to an endmarket attention is once again turning to the monetary policies of Japan and the United StatesFollowing the positive surprise of the U.S. PMI last week, expectations for an early interest rate cut have diminished, and the outlook for inflation, the economy, and monetary policy has once again become uncertainThis week will be a week to confirm the likelihood of a U.S. interest rate cutwhich will be announced on the 30thThe announcement of the US April Personal Consumption Expenditures (PCE) is the most important event.Earnings Reports and Economic Calendar for this week (5/27~5/31): Will the market continue to be dominated by NVIDIA? Expectations for buying opportunities in domestic semiconductor-related stocks.

This article uses auto-translation in part.
Non-farm payrolls for March in the USAisThe announcement is scheduled for Friday (5th) night at 09:30 Japan time.are scheduled to be announced. In the market,it is expected that non-farm payrolls for March in the USA will increase by 198,000 people, with an unemployment rate of 3.8%.It is.
The February US job openings announced on Tuesday this week remained almost unchanged from the previous month. It was suggested that demand for labor is stable at a high level.
Also, on Wednesday this week, the Automatic Data Processing (ADP) that provides payroll services for businesses reported in the March national employment report an increase in private sector employment by 0.18 million 4000 people, the largest since July last year, suggesting signs that the labor market is maintaining strength.
Chairman Powell spoke at Stanford University in California on the 3rd, indicating that he would like to wait for clearer signals of inflation deceleration before starting rate cuts. He indicated that the recent high inflation rate does not signal a broader change in trajectory.
According to the U.S. Department of Labor's employment statistics released on the 8th of the previous month (February), in the non-agricultural sector...