Market Overview - European shares opened lower on Thursday despite a broad advance in Asia, influenced by a rebound on Wall Street [1] - Germany's DAX decreased by 0.2% to 24,003.24, while France's CAC 40 fell by 0.5% to 8,033.11 [1] - The UK's FTSE 100 slipped by 0.2% to 9,761.18, with futures for the S&P 500 remaining virtually unchanged and Dow Jones Industrial Average futures losing 0.1% [1] Asian Market Performance - Asian shares rebounded from a previous retreat, with Tokyo's Nikkei 225 rising by 1.3% to 50,883.68 [1] - In South Korea, the Kospi advanced by 0.6% to 4,026.45 [1] Company-Specific Updates - Nissan Motor Co. shares fell by 1.7% after announcing the sale of its headquarters building in Yokohama to raise cash [1] - Nissan reported a significant loss of 221.9 billion yen (approximately $1.4 billion) for the period of April-September, with a revenue drop of 7% compared to the previous year [1]

Group 1 - The US dollar experienced its worst first half since 1973, but Bank of America suggests limited downside for the dollar in the second half of the year [1] - The analysis indicates that the dollar's price movements are no longer highly correlated with the probability of Federal Reserve rate cuts, but there remains a +71% correlation with the market pricing of the Fed's 2025 interest rates during US trading hours [1] - If the Federal Reserve maintains interest rates for the remainder of the year, it is expected to provide moderate support for the dollar during US trading hours [1] Group 2 - Asian investors have been the primary sellers of the dollar this year, but their motivation to sell may weaken as they await new catalysts for a bearish dollar trend [1] - In the European trading session, there is still significant room for dollar depreciation, which may require global stock markets to outperform US markets for this to occur [1] - Foreign investors' motivation to increase holdings in other currencies to hedge against dollar assets has diminished, despite global stock markets performing better than US markets in Q1 [2]