Market Focus on Interest Rates? ... Nvidia Earnings Take the Spotlight [3-Minute Brief]

[3-Min Brief 3-Second Summary]
① Earth Temperature Rises 1 Degree, Poverty Increases
② Dalio "US Debt Risk, Diversify Investments"
③ UN Raises Global Economic Growth Rate to 2.7%

MARKET INDEX : Year to date

- Focus on whether KOSPI will break the 2800 level
- Nvidia's earnings announcement leads the direction
- Slowing US CPI also positive for market sentiment

Top3 NEWS

■ If the Earth's temperature rises by 1 degree, the world becomes 12% poorer

- Global warming negatively impacts the world economy
- GDP drops by 12% with a 1 degree Celsius increase
- More negative impact than previously expected

■ 'Godfather of Hedge Funds' Dalio: "US debt risk... need overseas diversification"

- Points to national debt as a US risk factor
- "Risk is increasing... geographic diversification is necessary"
- "Singapore, Indonesia, Malaysia are attractive"

■ UN raises global economic growth forecast to 2.7% this year: "Variables are interest rates and war"

- Revised up from 2.4% in January
- Thanks to improved outlook for the US and emerging markets
- Geopolitical tensions and high interest rates remain variables

Graphic News: Market focuses more on Nvidia earnings than interest rates

- More impact on market direction than the US FOMC results
- Increased attention on Nvidia's earnings amid AI competition among big tech
- Nvidia stock price down 0.4 compared to March last year

the Chart: Strong Q1, expecting 'earnings surprise' in Q2 as well

- Q1 KOSPI net profit exceeded estimates by 14.3%
- Revenue up 3.3% year-on-year... net profit margin at 5.3%
- Earnings surprise recorded in the chemical sector, which had low expectations

Terms in the News: Unconstitutional? Legislative infringement? Controversy over veto power

[Image source=Yonhap News]

- The president's authority to veto bills passed by the National Assembly
- A mechanism to limit the National Assembly's power and maintain balance with the government
- 82 bills vetoed historically... President Yoon exercised veto 10 times

Today's Key Schedule

○ Domestic

- 20th: Subscription for KOSDAQ Mirae Asset Vision SPAC No.4, expected public offering price 2,000 KRW

○ Overseas
- 04:30 Fed Chair Powell speech
- 10:15 People's Bank of China May Loan Prime Rate
- 15:00 Germany April Producer Price Index

◇ Lunch & Commute Weather

○ Lowest temperature 15℃(▼1℃) ｜ Highest temperature: 23℃(▼4℃)
○ Precipitation probability 60% in the morning｜60% in the afternoon
○ Fine dust Good in the morning｜Moderate in the afternoon

3 minutes is OK, essential time-efficient economic news. Published daily at 8 AM.