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"Rising interest rate beneficiaries" ranks 19th as rate hike expectations strengthen in Japan, US, and Europe
★ Top 10 Popular Themes
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In the "Popular Theme Rankings" compiled by Minkabu and Kabutan, "Rising Interest Rate Beneficiaries" has ranked 19th.
Amid growing global concerns over inflation, interest rates are rising and expectations for rate hikes are strengthening. In the United States, recently released data such as the April Consumer Price Index (CPI) exceeded market expectations, sparking speculation that the Federal Reserve Board (FRB) may raise rates within the year. In Japan, the yield on 10-year government bonds temporarily rose to 2.8% on the 18th, reaching its highest level in approximately 29 and a half years since October 1996. Market expectations are growing for an additional rate hike at the Bank of Japan's Monetary Policy Meeting in June. The European Central Bank (ECB) is also facing speculation of rate increases.
For banks, rising interest rates work as a positive factor by expanding interest margins. Attention should be paid to megabanks such as Mitsubishi UFJ Financial Group, Inc. <8306>, Sumitomo Mitsui Financial Group, Inc. <8316>, and Mizuho Financial Group, Inc. <8411>, as well as regional bank stocks such as Shizuoka Financial Group,Inc. <5831> and The 77 Bank,Ltd. <8341>, and insurance stocks such as Tokio Marine Holdings, Inc. <8766> and Daiichi Life Group, Inc. <8750>.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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