US stock market:On Friday, Eastern Time, the three major U.S. stock indexes rose for the fourth consecutive day and all set a new closing high. The Dow closed at 35,000 points for the first time. As of the close, the Dow rose 238.20 points, or 0.68%, to 35061.55 points; the Nasdaq rose 152.39 points, or 1.04%, to 14,836.99 points; the S&P 500 index rose 44.31 points, or 1.01%, to 4411.79 points.
On the disk, technology stocks rose collectively, Facebook soared 5.3%,Google-AUp 3.58%,TwitterUp 3.05%,appleUp 1.20%,MicrosoftUp 1.23%;bankMost popular Chinese concept stocks fell, among which the Chinese concept education stock plummeted.Good futureFell by 70.76%, and the fuse was triggered during the intraday session;GaotuThe group fell 63.26%,New OrientalFell 54.22%,NetEase YoudaoFell 42.81%,Elite EducationFell 37.14%,Hong En EducationFell 21.35%.
European stock market:On Friday European time, major European stock indexes rose across the board, and the French CAC40 index closed up 1.35%. As of the close, the London Stock Market “Financial Times” 100 stock average price index closed at 7027.58 points on the 23rd, an increase of 59.28 points or 0.85% from the previous trading day; the British London Stock Market “Financial Times” 100 stock average price index The 23rd newspaper closed at 7027.58 points, an increase of 59.28 points or 0.85% over the previous trading day. The three major European stock indexes rose across the board that day.
Commodity market:On Friday, Eastern time, international gold prices closed down, recording their first weekly decline in 5 weeks. As of the close, the most active August gold futures price on the New York Mercantile Exchange gold futures market on the 23rd fell 3.6 US dollars from the previous trading day to close at 1801.8 US dollars per ounce, a decrease of 0.2%.InternationalOil priceIt rose for three consecutive days, reversing the downward momentum of the previous two weeks. As of the close, New York September crude oil futures closed up 0.16 US dollars, or 0.22%, to 72.07 US dollars per barrel; Brent September crude oil futures closed up 0.31 US dollars, or 0.42%, to 74.10 US dollars per barrel.
The following is a summary of important information in the global market:
▏Overview of the outer disk
U.S. stocks closed up, the Dow stood at 35,000 points! China’s education stocks plummeted, and the future plummeted 70%
On Friday, Eastern Time, the three major U.S. stock indexes rose for the fourth consecutive day, with the Dow rising above 35,000 points, and the Nasdaq and S&P 500 index reaching new closing highs. As of the close, the Dow rose 238.20 points, or 0.68%, to 35061.55 points; the S&P 500 index rose 152.39 points, or 1.04%, to 14,836.99 points; the S&P 500 index rose 44.31 points, or 1.01%, to 4,411.79 points. On the disk, technology stocks rose collectively,bankMost popular Chinese concept stocks fell, among which the Chinese concept education stock plummeted.Good futureIt fell 70.76%, and it triggered a fuse during the session.
Major European stock indexes rose across the board, France’s CAC40 index closed up 1.35%
On Friday European time, major European stock indexes rose across the board, and the French CAC40 index closed up 1.35%. As of the close, the London Stock Market “Financial Times” 100 stock average price index closed at 7027.58 points on the 23rd, an increase of 59.28 points or 0.85% from the previous trading day; the British London Stock Market “Financial Times” 100 stock average price index The 23rd newspaper closed at 7027.58 points, an increase of 59.28 points or 0.85% over the previous trading day. The three major European stock indexes rose across the board that day.
International gold prices fell for the first time in a week since 5 weeks
On Friday, Eastern time, international gold prices closed down, recording their first weekly decline in 5 weeks. As of the close, the most active August gold futures price on the New York Mercantile Exchange gold futures market on the 23rd fell 3.6 US dollars from the previous trading day to close at 1801.8 US dollars per ounce, a decrease of 0.2%.
International oil prices have risen for three consecutive days to reverse the decline of the previous two weeks
On Friday, Eastern Time, international oil prices rose for three consecutive days, reversing the downward momentum of the previous two weeks. As of the close, New York September crude oil futures closed up 0.16 US dollars, or 0.22%, to 72.07 US dollars per barrel; Brent September crude oil futures closed up 0.31 US dollars, or 0.42%, to 74.10 US dollars per barrel.
▏Overnight news
Good future, New Oriental, Gaotu share price cuts good future: the online transmission policy has not yet been released
July 23,Good futureEducation group releaseannouncementSaid that some media have noticed today that China is considering implementing a new regulatory policy for extracurricular tutoring services. The regulatory policy has not yet been released, and the company has not yet received any formal notification from the regulatory authorities. The company does not comment on market speculations.
New OrientalIn the Hong Kong Stock Exchange’s announcement, we noticed that some English and Chinese media reported today that Chinese regulators are considering formulating a set of new regulations concerning extracurricular tutoring services for subjects taught in schools under China’s compulsory education system. These regulations have not yet been announced, and the company has not received any formal notifications about these regulations.
Yellen warned Congress: If the debt ceiling cannot be raised before August 2 the United States may need to take “extraordinary measures” to avoid default
On Friday (July 23), US Treasury Secretary Yellen warned Congress that if members of Congress cannot reach an agreement on raising or extending the debt ceiling, the Treasury Department will need to take “extraordinary measures” on August 2 to prevent the US government from defaulting.
In a letter to Pelosi, Speaker of the House of Representatives, Yellen warned members of Congress that the Treasury Department would suspend bond sales before the end of July. A bond sale is a way for the United States to fund its debt. After August 2, the U.S. Treasury Department will begin to take “extraordinary measures” to pay for Congress’s legal and financial expenditures. This is a temporary measure that allows the Secretary of the Treasury to use additional government accounts within a few weeks.
Has growth peaked? FactSet survey: US GDP is expected to increase by 9.2% in the second quarter, but the rapid growth triggered by the “big flooding” is about to hit a wall
According to a survey released by FactSet on Friday (July 23), the United States is expected togross domestic product(GDP) Will grow by 9.2%. In the world before the outbreak, this would bring the annual growth rate to the highest level since the second quarter of 1983. However, the current situation and the super-large-scale policy response that it has triggered have made GDP growth for the third consecutive quarter far higher than the post-Great Recession trend.
However, the situation is about to change. The economy is slowly returning to normal, Congress is issuing fewer and fewer checks, and millions of marginalized American workers will return to work. This means that an economy that is more accustomed to economic growth rates close to 2% will gradually return to the average, rather than the much higher levels seen during the reopening period.
Is a bigger problem facing the Biden administration coming?The U.S. federal government may shut down or even default on debt
The U.S. Congressional Budget Office (CBO) said on Wednesday that it expects the U.S. Treasury Department to hit the debt ceiling in October or November. The Democrats and Republicans broke out in Congress on whether to raise the US debt ceiling. “If this happens, the government will not be able to fully fulfill its obligations, and will postpone funding for its various activities, there will be debt default, or both.” CBO said in a statement. CBO pointed out that this timetable may be adjusted according to the speed of taxation and government spending.
▏Comment essence
U.S. risk appetite has reached its peak!Investment tycoon: the carnival is about to end, it is recommended to hold 10% gold
U.S. Global Investor(GROW.US) CEO and Chief Investment Officer Frank Holmes published an article stating that the risk appetite of US investors is at the highest level in history. He urged investors to prepare for the end of the liquidity spree and recommended that investors be included in the investment portfolio. Hold 10% of gold.
It is not the same as the consensus of most analysts!JP Morgan Chase: Powell faces unemployment risk
A survey this week showed that the vast majorityAnalystThink that U.S. President Biden will nominate the incumbentMidlandPresident Powell was re-elected. But if Biden decides to prefer his candidate over the Republican chosen by President Trump,MidlandGovernor Lael Brainard (Lael Brainard) is the most likely candidate to succeed him.
According to the financial blog Zerohedge,JPMorganChief Economist Michael Feroli warned more clearly, “Powell is re-electedMidlandPresident Chu is facing daunting challenges”, adding, “If Biden chooses to change, Brainard will become the main competitor. “Given that the Fed has significant regulatory and supervisory powers, Feroli believes that leftists in the government may not want Republicans like Powell to continue to serve as Fed chairman. Therefore,JPMorganHe believes that “Powell will most likely not be re-elected after his term ends in January next year.”
▏Spotlight
Even if the number of jobless claims unexpectedly rebounds, millions of Americans may still flood the job market in the future
In the 10 states that terminated benefits before June 19, the number of initial jobless claims and the number of continuing jobless claims dropped rapidly, indicating that unemployment has ceasedInsuranceWelfare can increase labor supply and ultimately increase employment. In Republican states, the number of initial and continuing jobless claims has been declining, prompting the labor market to quickly return to normal, while in Democratic states there has been little change. Taking into account the economic conditions of the Democratic states, once the federal unemployment benefits are exhausted, millions of workers will flood into the labor market.
Global house prices are rising at the fastest rate ever
Newly released U.S. existing home sales data show that the median price of existing homes in the U.S. soared 24% to a record $363,300.According to statistics, this data has been on an upward trend since the beginning of the year, becomingreal estateAnother proof that the market is in a bubble.Nationwidereal estateLawrence Yun, chief economist of the Association of Brokers (NAR), commented that the median house price is unlikely to fall due to tight inventory, but he expects to be by the end of the year.House priceThe rate of increase may slow down.Goldman SachsAnd the recent reports of major banks such as Bank of America are trying to refute the “U.S.real estateThe speculation that the market is in a huge bubble again. But facts have proved that not only the US housing market is in the quagmire of the bubble, but the entire world is in a huge real estate bubble.
▏Voices from all walks of life
US authority: Tesla’s quality is “below the average level” in the Chinese market
According to the United StatesResearchAgency JD Powerresearch reportIt shows that with the rise of Chinese electric car manufacturers,Tesla(TSLA.O) has fallen to “below the average” in its ranking in the Mainland China Automotive Quality Survey. The report shows,Wei LaiAutomotive (NIO.N) ES6 in ChinaluxuryRanked first in the medium-sized electric SUV market segment,Xiaopeng Motors(XPEV.N) G3 ranks first in the compact pure electric SUV, andIdeal car(LI.O)one ranks first in plug-in hybrid electric vehicles.
Is FF landing on Nasdaq another scene? Jia Yueting: car building is serious and it is necessary to return to China
There is no craziest on today’s car-making track, only crazier. On July 22, an electric car company founded by Jia YuetingFaraday FutureFaradayFuture (hereinafter referred to as FF), successfully listedNasdaq, The stock code is “FFIE”. At the listing scene, Jia Yueting also rarely showed up. When he was interviewed by the media, he was asked if he planned to return to China. His answer was “it is necessary.”
At present, several large domestic companies are still vying for “entry tickets” to build cars.Some VC venture investors said that on the eve of FF’s listing, in the originalFixed investmentWhen investors were unable to complete the investment plan due to external factors, the relevant domestic investment institutions took over the market within a few days, which to a certain extent indeed shows that individual capital is optimistic about FF.
(Article Source:Oriental wealthResearch center)
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