Stock Market Outlook
2023-04-27
■European Equities Pay Attention to the Financial Reports of Major Financial Companies
■Japanese stocks seem to face numerous difficulties in catching up
The European 600 index rose for the fifth consecutive week. The actual GDP of China from January to March exceeded market expectations, driving overall growth in the basic materials, consumer goods, and service industries, which may benefit from the recovery of the Chinese economy. However, after the financial reports of major companies were released, individual stock searches became dominant, and the upward space for the index was limited.
121 companies in the European 600 Index will release their March quarter financial reports this week. As of the 18th, the index's earnings per share (EPS) for January to March decreased by 2.5% year-on-year and is expected to dominate. In addition, we want to determine the degree of credit tightening based on the financial performance of major financial institutions in European countries.
The Tokyo Composite Index and Nikkei Index continued to rise. Excessive concerns about the future of the US economy have eased, and economically sensitive stocks have risen. The exchange rate between the US dollar and the Japanese yen has temporarily reached the level of 134 yen, which is a favourable trend and has been rising for eight consecutive working days in the first half of the week. However, amidst deep-rooted concerns about the deterioration of the US economy, there is a cautious sentiment towards high prices, with selling pressure increasing to above 28500 yen.
Major high-tech companies and regional banks in the United States, European banks, and major semiconductor companies in Japan will announce their financial results. In addition, among the concerns about the slowdown of the U.S. economy, the contents of economic indicators such as the quarterly GDP of January to March announced by the U.S. will also be concerned, and prices are unlikely to be pushed higher before the meeting of the Open Market Committee (FOMC).
■Japanese stocks seem to face numerous difficulties in catching up
The European 600 index rose for the fifth consecutive week. The actual GDP of China from January to March exceeded market expectations, driving overall growth in the basic materials, consumer goods, and service industries, which may benefit from the recovery of the Chinese economy. However, after the financial reports of major companies were released, individual stock searches became dominant, and the upward space for the index was limited.
121 companies in the European 600 Index will release their March quarter financial reports this week. As of the 18th, the index's earnings per share (EPS) for January to March decreased by 2.5% year-on-year and is expected to dominate. In addition, we want to determine the degree of credit tightening based on the financial performance of major financial institutions in European countries.
The Tokyo Composite Index and Nikkei Index continued to rise. Excessive concerns about the future of the US economy have eased, and economically sensitive stocks have risen. The exchange rate between the US dollar and the Japanese yen has temporarily reached the level of 134 yen, which is a favourable trend and has been rising for eight consecutive working days in the first half of the week. However, amidst deep-rooted concerns about the deterioration of the US economy, there is a cautious sentiment towards high prices, with selling pressure increasing to above 28500 yen.
Major high-tech companies and regional banks in the United States, European banks, and major semiconductor companies in Japan will announce their financial results. In addition, among the concerns about the slowdown of the U.S. economy, the contents of economic indicators such as the quarterly GDP of January to March announced by the U.S. will also be concerned, and prices are unlikely to be pushed higher before the meeting of the Open Market Committee (FOMC).