US Conservatives Dislike 'Electric Cars' [3-Minute Brief]

[At a Glance]
① ECB Signals First Interest Rate Pivot Among G7
② Nvidia Proves Itself with Earnings
③ Korea Ranks 3rd in OECD Q1 Growth Rate

MARKET INDEX

- US New York stock market's three major indices closed mixed
- AI leader Nvidia surged over 7%
- Seoul villa auctions hit highest since January 2006

TOP 3 NEWS

■ "US Conservatives Dislike Electric Vehicles"…Unexpected Hurdle in EV Sales

- Political orientation of US consumers poses unexpected challenge
- Conservative consumers tend to be negative toward EVs
- EV subsidies also face critical views

■ "Interest Rate Cuts Are Ripe" ECB Signals First Pivot at Next Week's G7

- ECB officials hint at rate cuts next month
- If rate cuts start in June
- ECB will pivot earlier than US and UK

■ "Meals Are Most Important"…Key to Elderly Housing Welfare Is 'Three Meals a Day'

- Biggest daily challenge for elderly is meals
- Proper meals are essential to prevent diseases and dementia
- Few places provide balanced diets

Graphic News: Nvidia Answers Market Concerns with Strong Earnings

- Nvidia reported earnings far exceeding growth expectations
- Notable revenue increase in data center segment including GPU business
- Plans to lead market trends by accelerating new product roadmap and release cycles

the Chart: South Korea's Q1 Economic Growth Rate Ranks 3rd Among OECD

- OECD member countries announced Q1 GDP growth rates
- South Korea's Q1 GDP growth rate rose 1.3% quarter-on-quarter
- "Improvement driven by better private consumption and investment rebound"

Term in the News: Sudden Acceleration Reenactment Test Results Raise Doubts About 'Event Data Recorder' Reliability?

- Event Data Recorder (EDR) stores vehicle operation data before and after accidents
- Records brake pedal operation up to 5 seconds before physical impact
- EDR reliability questioned following 2022 sudden acceleration reenactment test records

Today's Key Schedule

○ Domestic
- 29th: KOSDAQ Mirae Asset Vision SPAC 4 listing / IPO price 2,000 KRW

○ Overseas
- 02:05 US Federal Open Market Committee member Daly speech
- 10:30 Australia Q1 building completions
- 15:00 Germany June GfK consumer sentiment
- 21:00 Germany May consumer price index
- 21:00 Brazil unemployment rate

◇ Lunch & Commute Weather

○ Low temperature 15℃(▲1℃) ｜ High temperature: 27℃(▲1℃)
○ Precipitation probability morning 0%｜afternoon 0%
○ Fine dust morning good｜afternoon good

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