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 started at 39928.33 yen, 476.48 yen higher than the previous business day, and the Tokyo Stock Price Index (TOPIX) started at 2731.50, 24.99 points higher.
Top news
4 reasons why the yen cannot be saved even with historical interest rate hikes, and the low altitude flight of interest rates and fluctuation rates
Despite the Bank of Japan's decision to raise interest rates for the first time in 17 years, the yen exchange rate has not rebounded as much as expected by government and Bank of Japan officials who want to reduce the risk of import inflation. Rather, most strategists believe that the yen depreciation trend will continue for the time being, and they have cited 4 points as reasons.
The yen exchange rate, 140-150 yen at the end of the year, Mr. Kaida of State Street Silver
The depreciation of the yen has been accelerating since the beginning of 2024. Currently, it is moving in the low range for the first time in about 34 years, with 1 dollar = in the middle of the 151 yen range. We asked Kazushige Kaida, financial market manager of the Tokyo branch of the State Street Bank, about the outlook for the yen exchange rate by the end of the year.
The Bank of Japan will fully normalize after fiscal year 25, and interest rates will also be raised “about a jab” this fall - Mr. Sakurai
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On March 19, the S&P 500 stock price index rose 0.6% and closed at 5178.51,18th all-time highIt was recorded.
Among them, the stocks that stood out and skyrocketed in stock prices were major US semiconductors $NVIDIA(NVDA.US)$It is. Taking advantage of the “generative AI boom,” NVIDIA's stock priceAbout 3.4 times last yearContinuing from that, this year80.53% increase year to dateI did it.
in the USThe largest producer of carbon-free energyIt is $Constellation Energy(CEG.US)$But47.79% higher。
Also, the US that operates Facebook $Meta Platforms(META.US)$The main internet advertising business remained steady, and in response to expectations of a recovery in performance due to personnel cuts, etc.40.35% higher year to dateIt became.
Boasting the world's top market share of gas turbines $GE Aerospace(GE.US)$Is35.91% increaseand oil...