In the New York stock market on the 1st, following the speech of Fed = Federal Reserve Chairman Powell, the view that the interest rate hike is over strengthened, and the number of buying orders increased due to expectations for the future of the economy, and the Dow Jones Industrial Average recovered to $ 1,11 for the first time in about 3 year and 6000 months.
In the New York stock market on the 1st, Fed Chairman Jerome Powell said in his speech that "it is too early to speculate on when monetary easing will take place" and that he was "ready to further tighten monetary policy if it deems it appropriate."
As a result, the view that the rate hike is over has increased, buying orders have increased due to expectations for the future of the economy, and the Dow Jones Industrial Average closed at $294,61.3, $6245.50 higher than the previous day, recovering $1,11 for the first time in about a year and 3 months.
In addition, in the New York foreign exchange market, the movement to sell dollars and buy yen intensified in response to the decline in long-term interest rates in the United States, and the yen rate rose to the latter half of the 6000 dollar = 1 yen level.
A market participant said, "The U.S. manufacturing business sentiment index for November released on this day was lower than market expectations, and the observation that inflation will not last for a long time also led to a rise in stock prices.