Morning Call - The profit-taking pressure continues to dominate, the index retests the short-term support level. New Bank of Japan Governor Kazuo Ueda signaled there would be no significant changes to monetary policy
11/04/2023

Summary

World stocks regain the green color. Focus now turns to the US CPI report due on Wednesday and the first batch of companies reporting first-quarter financial results for further clues about the economy's health and the likely future path of interest rate rises. The Japanese yen lost almost 1% against the USD on Monday amid general dollar strength and as new Bank of Japan Governor Kazuo Ueda signaled there would be no significant changes to monetary policy.

Domestic stocks continued to decline, order matching remained high. The average export price of rice in the first three months of 2023 reached $531/ton, up 9.2% over the same period in 2022 and the highest in the past 10 years. Overnight interbank interest rate rose again above 4% (Updated on April 6).

 

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Daily
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SSV
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