Buffett increased his stake in a Japanese trading company, the US stock market showed a Rebound, BNB performed well

The U.S. stock market has risen for the second consecutive day, continuing the recovery after a significant 10% drop last week. Buffett’s increased investment in a Japanese trading company has also raised expectations among investors as to whether Berkshire Hathaway, which is flush with cash, will enter the market to pick up bargains. Yesterday, encryption currencies experienced a slight Rebound, with BNB Chain (BSC) attempting to capture the meme market of Solana, a strategy that seems to be working. Yesterday, the volume has surpassed Solana, and BNB has also been relatively strong recently, rising by nearly 5% in the past 24 hours.

Retail sales data is mixed, and the market is focusing on the Fed’s decision.

Although the latest economic data did not change traders’ bets on the Fed’s outlook, retail sales data was mixed. U.S. retail sales in February grew by 0.2% from the previous month, better than the revised downward 1.2% drop in the previous month. Although below market expectations, investors believe that consumer spending has not collapsed. As discussions on tariffs gradually subside, the stock market continues to move away from technically oversold levels.

This week is a super central bank week, starting with the Bank of Japan on Wednesday, the Bank of England interest rate decision on Thursday, and most importantly, the two-day Federal Reserve meeting starting on Tuesday in the market. It is widely expected that the Fed will keep interest rates unchanged this time, but investors will seek signs of changes in the central bank’s future economic outlook due to the economic forecast data announced at this meeting and Chairman Powell’s remarks at the press conference after the meeting, reflecting Trump’s policy changes.

Former Wall Street hedge fund manager and Treasury Secretary Scott Bessent (Scott Bessent), expressed that he is not worried about the recent stock market decline as the United States is seeking to reshape its economic policies.

(No guarantee of no decline! US Treasury Secretary Bessent: It’s unhealthy to keep rising all the time, the government is resetting the economic path )

Buffett adds to Japanese trading company, will Berkshire with full cash go bargain hunting?

Just as the stock god Warren Buffett (Warren Buffett) predicted in his annual letter to shareholders three weeks ago, documents submitted to the Japanese Ministry of Finance on Monday show that his Berkshire Hathaway (Berkshire Hathaway) increased its holdings of Mitsubishi, Marubeni, Mitsui, Itochu, and Sumitomo shares.

Buffett said the trading firm itself has agreed to ‘modestly’ relax the previous 10% cap on its stake, leaving room for further purchases. His buying in 2020 and 2023 added impetus to the broad rally in the Japanese stock market.

(Pokka long-term holdings and additional investment in Japanese trading companies, the yen is rising, do investors have the opportunity to earn both stocks and foreign exchange?)

The Nikkei 225 index has fallen more than 6% so far this year, while the TOPIX index has fallen more than 1%. Meanwhile, in the United States, the S&P 500 index has dropped by about 4.5%. The recent decline has also raised expectations among many investors as to whether Buffett, who is sitting on a pile of cash, will make a long-awaited comeback to buy stocks again.

BNB and TRX performed well

Yesterday, the encryption currency saw a slight Rebound. BNB Chain (BSC)'s attempt to seize the meme market of Solana seems to be working, with volume surpassing Solana yesterday. BNB has also shown relatively strong performance recently, rising by nearly 5% in the past 24 hours and by almost 18% in a week.

(BNB Chain opens AI meme battleground! Shell Launchpad goes live, BSC volume surpasses Solana)

TRON DAO claims TRON will achieve annual revenue exceeding $2 billion in 2024, a year-on-year growth of 116%. In addition, TRON has 100% burnt TRX transaction fees, making it one of the few deflationary blockchains. TRX has risen by 4% in the past 24 hours.

This article Warren Buffett added to Japanese trading company, US stocks Rebound, BNB performance shining first appeared in ChainNews ABMedia.