Morgan Stanley has turned neutral on Japanese value stocks. I don’t think the recent outperformance will continue. On the other hand, Goldman Sachs Group Inc. is of the view that the strong trend of value stocks will continue with tailwinds from Japan and overseas. The outperformance of the MSCI Japan Value Index against the MSCI … Read more
Several U.S. Federal Reserve officials said on Monday that inflation was too high and would take time to calm down. A paper released today suggested that the US policy rate may need to be raised to 6.5% as January’s Personal Consumption Expenditures (PCE) price index posted better-than-expected gains. “These inflation numbers are still not where … Read more
The personal consumption expenditures (PCE) price index, the Fed’s favorite indicator of inflation, posted better-than-expected gains in January in both the headline index and the core index, which excludes food and energy. PCE also increased significantly, putting more pressure on the Fed to continue raising interest rates. Key Point PCE Composite Price Index rises 0.6% … Read more
Bond futures fell. US long-term interest rates have risen sharply following the announcement of strong economic indicators, and selling has become dominant following the downward trend in futures trading at night. The new 10-year government bond has yet to be traded, but some speculate that the yield may exceed the Bank of Japan’s upper limit … Read more
Former U.S. Treasury Secretary Summers said on Monday that widespread price pressures in the U.S. show the impact of monetary tightening so far has been limited, risking policy makers going beyond expectations. indicated that it was on the rise. “The Fed is trying to put the brakes on the economy, but it doesn’t seem to … Read more
Equities are rallying on optimism about strong growth and lower inflation, but many investors aren’t confident the rally will continue, according to a Bank of America (BofA) fund manager survey. rice field. About 66% of those who took part in the February survey said the current rally in stocks was just a rally in a … Read more
In response to allegations of fraudulent accounting by India’s Adani Group, a major domestic investment management company that sets up and manages public investment trusts related to India has been forced to respond by announcing the inclusion ratio of related stocks. The Kishida administration advocates “Asset income double planThere are also voices of concern that … Read more
At the Federal Open Market Committee (FOMC) meeting on the 1st, the Fed is expected to continue tightening monetary policy aimed at curbing inflation, while continuing to narrow down the range of interest rate hikes. Federal Reserve Board (FRB) Chairman Jerome Powell, who will hold a press conference after the meeting, is expected to dismiss … Read more
In the United States, the fourth quarter of last year saw job cost growth fall short of market expectations. With new signs of slowing inflation, the Federal Open Market Committee (FOMC) has strengthened its argument for reducing rate hikes at its meeting this week. Key Point Fourth-quarter U.S. employment cost index, seasonally adjusted, rose 1% … Read more
![[U.S. market]Nasdaq 100, sharpest week since November – USD 129 yen – Bloomberg](https://i0.wp.com/assets.bwbx.io/images/users/iqjWHBFdfxIU/ihZ1LCcRkqKY/v0/1200x900.jpg?fit=%2C&ssl=1 "[U.S. market]Nasdaq 100, sharpest week since November – USD 129 yen – Bloomberg")
The US stock market continued to rise on the 27th. Amidst signs of a slowdown in inflation, expectations for a small interest rate hike have strengthened. Earnings forecasts from some of the tech giants fell short of expectations, but the impact on the market was limited. stock closing price Compared to the previous business day … Read more