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February 25th - New revisions to Japans corporate governance guidelines could release some of the $840 billion in cash held by listed companies and fuel a new wave of buying in the Japanese stock market. The Financial Services Agency (FSA) will submit draft rules to an expert panel on Thursday, requiring companies to verify the efficiency of their cash usage, with the aim of implementing this change this year. Despite significant improvements in corporate governance in recent years, Japanese companies still have a large amount of idle cash on their balance sheets. Investing these funds in higher-yielding projects could potentially enhance the attractiveness of the Japanese stock market to investors. Sho Nakazawa, equity strategist at Morgan Stanley Mitsubishi UFJ Securities, stated, "This revision will make it easier to anticipate increased allocations to growth sectors, as well as more stable growth in share buybacks and dividends," which in turn could lead to capital inflows from overseas investors. Analysts have long argued that excessive cash holdings by Japanese companies are one of the factors hindering improvements in return on equity (ROE), a key metric closely watched by stock investors, which has caused Japans ROE to lag behind its Western counterparts.February 25th - Rising tech stock prices boosted Wall Street, easing concerns about the potentially disruptive impact of artificial intelligence, and Asian stocks appeared poised to follow suit. Stock index futures signaled a strong open for Sydney, Tokyo, and Hong Kong markets. In the US, the Nasdaq 100 rose 1.1%, boosted by a rebound in software stocks, while the S&P 500 also climbed, supported by improved consumer confidence. Short-term bonds underperformed. Gold and crude oil prices fell. Traders are also closely watching Nvidias earnings report on Wednesday, expecting the chipmaker to significantly exceed expectations. Nvidias recent stock performance has been lackluster due to investor sell-offs of large-cap stocks. David Laut of Kerux Financial stated that this weeks earnings reports will either "ease" or "exacerbate" concerns about artificial intelligence. We wont get all the answers this week, but worried investors are eager for definitive information.Lucid Group (LCID.O): Capital expenditures are expected to be between $1.2 billion and $1.4 billion in 2026.1. All three major U.S. stock indexes closed higher. The Dow Jones Industrial Average rose 0.76% to 49,174.5 points, the S&P 500 rose 0.77% to 6,890.07 points, and the Nasdaq Composite rose 1.04% to 22,863.68 points. Salesforce rose over 4%, with IBM leading the gains at over 2%. The Wind U.S. Tech Big Seven Index rose 1.08%, with Tesla and Apple rising over 2%. Most chip stocks rose, with AMD rising over 8% and Intel rising over 5%. The Nasdaq China Golden Dragon Index rose 1.37%, with GDS Holdings and 21Vianet rising over 6%. 2. The three major European stock indexes closed mixed. The German DAX fell 0.02% to 24,986.25 points, the French CAC40 rose 0.26% to 8,519.21 points, and the UK FTSE 100 fell 0.04% to 10,680.59 points. 3. International precious metals futures closed mixed. COMEX gold futures fell 1.25% to $5160.50 per ounce, while COMEX silver futures rose 0.57% to $87.07 per ounce. 4. The WTI crude oil futures contract closed down 0.35% at $66.08 per barrel; the Brent crude oil futures contract fell 0.06% to $71.07 per barrel. 5. London base metals rose across the board. LME tin rose 5.41% to $50300.0 per tonne, LME nickel rose 3.66% to $17915.0 per tonne, LME copper rose 2.54% to $13195.0 per tonne, LME zinc rose 0.98% to $3387.5 per tonne, LME aluminum rose 0.68% to $3110.5 per tonne, and LME lead rose 0.44% to $1959.5 per tonne.Lucid Group (LCID.O): Recent layoffs in the United States are expected to result in cost savings of up to $500 million over the next three years.

Prediction for ADA Price: US Inflation and the NASDAQ Will Deliver $0.325

Daniel Rogers

Dec 09, 2022 15:19

截屏2022-12-09 下午3.02.31.png 

 

IOHK network updates and US economic statistics may test buyer interest on Friday, following Thursday's high day for ADA.

 

On Thursday, ADA jumped 1.61 percent. ADA closed at $0.315 on Thursday, partially reversing Wednesday's 2.52% loss. Notably, the price of ADA dropped below $0.310 for the second time in eight sessions and ended a three-session losing trend.

 

ADA dropped to a morning low of $0.307 after a bearish start to the day. ADA reached a late-day high of $0.316 after avoiding the First Major Support Level (S1) at $0.0305. Nevertheless, unable to surpass the First Major Resistance Level (R1) at $0.318, ADA ended the day at $0.315.

 

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Thursday, US economic figures bolstered the likelihood of a December Fed policy shift. During the week ending December 2, initial jobless claims rose from 226 thousand to 230 thousand. Following the release of last week's US Employment Report, concerns about a pick-up in the rate of hiring cast doubt on the Fed's plans to slow the rate of interest rate hikes.

 

Cardano network improvements were also favorable for the ADA price, averting a drop below $0.300. Charles Hoskinson, the company's founder, was in the limelight, highlighting the benefits of the Midnight privacy protocol meant to provide smart contracts with anonymity.

 

It was another instance of ongoing activity on the Cardano network, although the information was insufficient to warrant a breakout session.

 

Input Output HK (IOHK) will provide the weekly Development Update later today. A surge in network projects would result in an increase in ADA prices. However, the NASDAQ and US economic indices will need to provide support. The wholesale inflation and consumer confidence numbers in the United States will impact market risk sentiment.

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