The three major U.S. stock indexes fluctuated, finishing iron ore concept stocks lower

On September 17, the three major U.S. stock indexes fluctuated and consolidated, and iron ore concept stocks fell. As of press time, the Dow is down 0.27%, the Nasdaq is down 0.53%, and the S&P 500 is down 0.49%.

The following is a summary of important information in the global market:

Global macro

　　UK inflation hits 9-year high, pressure on central bank to raise interest rates intensifies

According to reports, on September 15, local time, the latest data released by the National Bureau of Statistics of the United Kingdom showed that the consumer price index (CPI) The annual rate rose 3.2% from the same period last year, the largest increase since March 2012. At the same time, the data also exceeded market expectations by 2.9%. In the previous month, CPI growth fell back to the 2% target set by the central bank. From a month-on-month perspective, the inflation rate from July to August also set the largest rate of increase since the release of this series of data in 1997.

In this regard, the National Bureau of Statistics of the United Kingdom said that most of the increase in inflation may be temporary. The biggest upward pressure on CPI comes from the catering industry. Last year, the British government introduced the “dining out” plan to provide price subsidies, and the catering industry’s spending fell, resulting in a large discount on the entire industry’s prices, which severely affected this year’s CPI data.

The analysis believes that the market expects that the Bank of England may therefore need to increaseinterest rateTo prevent the economy from overheating.Current UK benchmarkinterest rate0.1%, infinitely close to zero interest rate, the lowest point in history.CurrentlycurrencyThe market is betting that the Bank of England will raise interest rates twice before the end of next year, raising the benchmark interest rate to 0.5%.

　　U.S. media: The U.S. prepares to rectify the cryptocurrency industry

According to U.S. media reports, U.S. Treasury officials have concluded the most pressing risks posed by Tether and other stablecoins, and are ready to make recommendations for strengthening cryptocurrency supervision. Related work has not yet been completed. Some officials of the Ministry of Finance who participated in the drafting of the policy framework believe that the biggest concern is to ensure that investors can reliably transfer funds into and out of tokens. This policy framework is expected to be announced in the coming weeks.

U.S. stocks in focus

　　Goldman Sachs recommends firm investment in China’s technology stocks

　　Goldman SachsAccording to the latest investment report, “China’s current regulatory policies on technology stocks have not yet seen their heads, but the rapid decline in recent months has allowed investment to show value. We cannot predict when a market turning point will occur. Depends on the successive implementation of regulatory policies and the adaptation of technology companies to the new business environment. One thing that can be 100% certain is that although China’s internal regulatory policies have become stricter, the renminbi has not fluctuated sharply, and the renminbi against the dollar remains Maintaining a high level of volatility shows that foreign capital has not been short on Chinese companies due to regulatory events. Generally, foreign capital is the first to be short on a country’s economy when it is reflected in foreign exchange.”

Not only are overseas investors starting to see more Chinese technology stocks, but domestic investors are also buying and buying against the trend.In the first four trading days of this week, Hang Seng InternetETF(513330)Net inflowMore than 550 million yuan.

　　Everbright SecuritiesIt is believed that the Internet sector of Hong Kong stocks may remain volatile in the short term, and focus on scarce growth sectors. The current Hong Kong stocks have shown some signs of bottoming, and the downside of Hong Kong stocks may also be relatively limited. It is recommended to pay attention to the scarce growth targets that have been missed by market sentiment, such as cloud computing, electronics, medicine and property-related sectors.In the long run, the InternetCompany investmentThe value has been highlighted. From the experience of the U.S. stock market, Internet companies have also faced multiple regulatory pressures, but the risk and probability of business splits are low. Most companies are still thriving after regulation and are rejuvenated. Therefore, relatively long-term large funds can gradually intervene in Internet-related companies.

　　Overseas funds continued to increase their holdings of U.S. debt in July, but the scale of selling U.S. stocks hit the second highest in 14 years

According to data from the US Treasury Department, the scale of US debt held by foreign investors increased for the fourth consecutive month in July, setting a record high. At the same time, the net sell-off of US stocks by overseas investors in July was the second largest monthly sell-off since August 2007. The investment direction of overseas funds in U.S. stocks and U.S. bonds is extremely divergent.

According to TIC data, as of July, the total size of US Treasury bonds held by overseas investors reached a record of US$7.54 trillion, an increase of US$46.2 billion from the previous month, which is four consecutive months of growth.

“One of the biggest driving factors is of course the global low interest rates (environment), which undoubtedly pushes more investors to invest in U.S. debt even though their interest rates are also low,” said Gennadiy Goldberg, senior U.S. interest rate strategist at TD Securities.

At present, although the yields of US Treasury bonds are relatively low, they are still higher than those of Japan and some major European countries. US Treasury bonds are still attractive. Goldberg said, “Looking back, we saw a sharp drop in interest rates in July (US Treasury), and the data shows that this was at least partially driven by purchases by foreign investors.” The US benchmark 10-year Treasury bond yield was 1.459% in early July. , Fell by about 23 basis points to 1.226% at the end of July.

U.S. stock company

　　Pfizer said it will not affect the use of Japan’s new crown vaccine

AmericaPfizerThe Japanese branch of the pharmaceutical company confirmed on the 15th that there are 95 bottles in JapanPfizerWhite suspended solids were found in the new crown vaccine liquid.PfizerIt is said that it may be an undissolved substance and does not affect the safety and effectiveness of the vaccine. Japanese media reported on the 14th that Pfizer’s new crown vaccine contained impurities.

A spokesperson for the Pfizer Japan branch said at a press conference on the 15th that as of September 5, 95 bottles of uninjected vaccine liquids had been found to contain white suspended solids. All the liquid medicines with suspended solids belonged to the same batch and were found in vaccination sites in western Tokyo, Kawagoe City, Saitama Prefecture, Sagamihara City and Kamakura City, Kanagawa Prefecture, and Sakai City, Osaka Prefecture. The white suspended matter may be an undissolved substance, “harmless”. Once the liquid medicine is diluted, the white substance will dissolve.

　　Amazon’s global store opening upgrade, Hangzhou cross-border e-commerce park business establishes seller training center

　　AmazonGlobal Stores announced the upgrade of the business of Hangzhou Cross-border E-commerce Park.AmazonThe first comprehensive seller training center for global stores in Asia will be officially launched and settled in Hangzhou to provide training services for sellers in the Asia-Pacific region.AmazonGlobal store opening is expected in the next three years, its Hangzhou office operations and team size will be expanded by approximately six times, to provide sellers with Amazon’s full site, full products, and consulting services covering the seller’s full life development cycle.

It is understood that the training center in Hangzhou will provide four training programs including official WeChat, official live broadcast, seller university and official lecture hall. The courses support Chinese, English, Korean, Vietnamese, Thai and other languages. It is estimated that in the next three years, Amazon’s global store opening will use this training center to provide learning content and information related to cross-border e-commerce to more than one million people and tens of millions of people online and offline.

In addition, Cindy Tai, Amazon’s global vice president, also said in an interview with the media that the previous Amazon ban was not aimed at Chinese sellers. “Our policy is absolutely consistent globally, and the location of the seller has nothing to do with our policy.”

　　Google was fined 1.1 billion yuan for abusing its monopoly position, South Korean law enforcement agency: investigation continues

On September 14, the official website of the Korea Fair Trade Commission (KFTC) notified Google that it had issued a 207.4 billion won (approximately RMB 1.14 billion) antitrust ticket against Google. The reason is that Google abuses its dominant market position to force device manufacturers such as Samsung and LG to sign relevant agreements not to develop or adapt modified versions of Android. This behavior limits innovation in the field of mobile operating systems and smart devices.

KFTC said that this fine may be the ninth largest ticket ever issued. According to media reports, Google said it would appeal this. Because this penalty ignores the benefits of compatibility between Android and other programs and harms the interests of consumers.

　　General Motors extends BoltEV production stoppage to mid-October

According to reports, on September 16, local time,General MotorsSaid that the shutdown of an assembly plant in Michigan will be extended to mid-October. Previously, the company recalled Chevrolet Bolt electric vehicles due to battery problems. The largest US automaker said that the assembly plant will stop production until at least October 15. At the same time, due to the current shortage of semiconductor chips, the output of six other North American assembly plants will be reduced.General MotorsSaid that until the fire risk issue is resolved, Bolt production or sales will not be resumed. The company noted on Thursday that it has received 12 reports of fires and three injuries.

　　AMC Cinemas: In addition to Bitcoin, 3 cryptocurrencies including Ether will also be accepted for payment

　　AMC CinemasCEO Adam Aron (Adam Aron) disclosed on a social platform on Thursday local time that while the group accepts cryptocurrency Bitcoin, it also further accepts Ethereum, Bitcoin Cash and Litecoin as payment tools for online ticket purchases.

(Article Source:Oriental wealthResearch center)