US market outlook: the US employment cost index exceeds expectations, and the Dow average starts at a depreciation of 48 dollars

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US employment cost index rises 1.2% from the previous fiscal year in January-March — above all expectations
The US employment cost index (after seasonal adjustment) for the first quarter (January-March) rose 1.2% from the previous fiscal year. The median market forecast compiled by Bloomberg was up 1%. This is a 4.2% increase compared to the same period last year.

US 20-city housing price index rises 7.3% from previous year in February - expected 6.7% increase
The February US 20 city housing price index compiled by S&P Corelogic/Case Shiller rose 7.3% from the same month last year. The market forecast compiled by Bloomberg was up 6.7%.

AI content detection, US government develops technology in the public and private sectors
On 4/29, the U.S. Department of Commerce released a draft report on technology to detect images, sentences, etc. created by generative AI (artificial intelligence). We will advance research and development in collaboration with the private sector for effective use of “electronic watermarks,” etc. to identify AI-produced content.

Three US and South Korean companies compete for investment in AI memory, Samsung bounces back
Investment competition for advanced semiconductor memory, which is essential for driving generative AI (artificial intelligence), is heating up. Samsung Electronics announced on the 30th that it will advance mass production of cutting-edge products ahead of other companies. US Micron Technology will also begin mass production of next-generation products at the Hiroshima Plant (Higashihiroshima-shi, Hiroshima-ken) in 2025. They will catch up with the leading Korean SK Hynix and aim to capture AI special demand.

ECB to start cutting interest rates in June if inflation continues to slow = Spanish Central Bank Governor
European Central Bank (ECB) board member Spanish central bank governor Decos stated on the 30th that if the gradual slowdown in inflation continues as expected, the ECB should begin cutting interest rates in June.

Tesla aims to put into practical use a mutually beneficial driving support system in China
paddy $Tesla(TSLA.US)$ has embarked on top diplomacy to rebuild the Chinese market. With the support of the Chinese government, the main Shanghai plant will be used as an export base to the world, and driving support systems will be put into practical use in China to counter local forces attacking with low-cost electric vehicles (EVs). There is also speculation that China will acquire foreign currency and advanced technology with support for Tesla.