News

Piper Jaffray lowered its target price on Microsoft (MSFT.O) to $500 from $600.

Sony: Limited partners include Mitsubishi UFJ Bank, Development Bank of Japan, and Sumitomo Mitsui Banking Corporation.

Sony Ventures: Established "Sony Innovation Fund 4 Limited Partnership". The total assets managed by the Sony Innovation Fund platform will exceed 85 billion yen.

Japan's equipment utilization index in February was 105, compared with the previous value of 105.1.

Japan's industrial output annual rate in February ended at 0.4%, down from 0.30% in the previous month.

Japan's equipment utilization index in February was -0.1% on a monthly basis, compared with the previous value of 2.90%.

Japan's final industrial production figure for February was -2%, compared to -2.10% previously.

Some mining companies have expressed concerns about U.S. President Donald Trump's strategic critical mineral reserve plan, Project Vault, warning that it could distort commodity markets and create a "huge glut."

Japan's two-year government bond yield fell 2.0 basis points to 1.370%. Japan's 30-year government bond yield fell 8.0 basis points to 3.620%.

Japan's 20-year government bond yield fell 8.0 basis points to 3.310%. Japan's five-year government bond yield fell 8.0 basis points to 3.310%.

The bid-to-bid ratio at Japan's 20-year government bond auction was 4.82, higher than the 3.25 at the previous auction and the highest level since July 2019. Japan's 20-year government bond yield fell 5.5 basis points to 3.335%.

The bid-to-bid ratio at Japan's 20-year government bond auction reached 4.82, a new high since July 2019.

Shipping data showed that the U.S.-sanctioned oil tanker Rich Starry passed through the Strait of Hormuz on Tuesday despite a U.S. blockade.

Indonesia's Trade Ministry raised its refined tin export data for February to 8,630.68 tons from 3,927 tons previously.

U.S. Treasury Secretary Bessent: (Concerns that the Iran war may lead to a weakening of the U.S. dollar) As you saw during the war, the U.S. dollar strengthened instead. So I'm not worried about that.

U.S. Treasury Secretary Bessent: Reports of recent meetings with bank CEOs about the Mythos artificial intelligence model are exaggerated.

U.S. Treasury Secretary Bessent: (Regarding possible insider trading in the prediction market) I talked with the chairman of the U.S. Commodity Futures Trading Commission (CFTC) a few days ago, and he did not find anything unusual.

U.S. Treasury Secretary Bessent: Going into January and during January and February, the economic situation is very strong.

U.S. Treasury Secretary Bessent: Confident that recent price increases will not "deeply affect inflation expectations."

U.S. Treasury Secretary Bessent: The U.S. should "watch and wait" before cutting interest rates.