The Bank of Japan will consider completely suspending new purchases of exchange-traded funds (ETFs), which it has continued to do since 2010, when it reaches its 2% inflation target and begins to normalize policy. This was revealed through interviews with multiple parties involved. According to people familiar with the matter, with the stock market hovering … Read more
US semiconductor manufacturer Nvidia’s stock price continues to rise with no end in sight. Its market capitalization has increased by more than $1 trillion (approximately 147 trillion yen) this year alone, and has swelled significantly since the last stock split. There is growing speculation that the artificial intelligence (AI) giant may once again have an … Read more
In order to improve public safety on the New York City subway system, Governor Hoechl of New York State announced a plan to mobilize 750 National Guard troops to stations and other areas. The governor is also seeking to amend the law to allow courts to bar people convicted of subway or other violence from … Read more
The U.S. government is pressing its allies, including Japan, the Netherlands, Germany and South Korea, to step up measures to restrict China’s access to semiconductor technology. This was revealed by several people familiar with the matter, and some countries are resisting the U.S. initiative. The Biden administration has introduced export controls over the past two … Read more
The cost of renminbi-denominated financing is rising in Russia, and the yuan’s liquidity is drying up. Access to foreign currency has become more difficult for Russian companies, which face much higher domestic interest rates and face a spate of debt maturities this year. Two years after the invasion of Ukraine, Russia’s major energy and mining … Read more
Israel has decided not to send a high-level delegation to Cairo to discuss a cessation of hostilities with the Islamic organization Hamas. The main mediators, the United States, Egypt and Qatar, aim to force Israel to suspend fighting in Gaza and release some Palestinian prisoners in return for the release of hostages by Hamas. Talks … Read more
Are US stocks forming a bubble? The answer depends on who you ask. For Marko Kolanovic, chief market strategist at JPMorgan Chase & Co., the dramatic rise in U.S. stocks and Bitcoin’s rise above $60,000 are signals that the answer is yes. Kolanovic said the rise suggests a buildup of floss in the market, a … Read more
Federal Reserve Chairman Jerome Powell is under increasing pressure this week from both Democrats, who hope to continue the economic boom by cutting interest rates in a year of presidential and congressional elections, and Republicans, who want to withdraw plans to tighten capital requirements for banks. Looks like I’ll have to face it. Chairman Powell … Read more
The revised U.S. real gross domestic product (GDP) for October-December 2023 (fourth quarter) has been revised slightly downward from the preliminary figure. This reflects the downward revision of inventory. On the other hand, personal consumption and capital investment were revised upward. Key Point The revised U.S. real gross domestic product (GDP) increased by 3.2% annually … Read more
Commodity Investment Advisors (CTAs) have recently been positioned as “maximum short” from a tactical standpoint, but futures data suggests an unwinding may be underway. This leaves U.S. Treasuries exposed to short-term upside risk from short covering. Hedge funds, CTAs and other leveraged funds are unwinding net short positions across Treasury futures at an aggressive pace, … Read more