Home » Popular Chinese concept stocks generally fell, and expectations of a 50 basis point interest rate hike are heating up – yqqlm

Popular Chinese concept stocks generally fell, and expectations of a 50 basis point interest rate hike are heating up – yqqlm

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* U.S. stocks were mixed, the three major stock indexes were positive for two weeks, and popular Chinese stocks generally fell

* Interest rate hike expectations are on the rise, and the market expects the Fed to raise interest rates by 50 basis points

* U.S. and Europe reach a gas supply agreement, European gas prices fell more than 10%

U.S. stocks were mixed on Friday. As of the close, the Dow rose 153.30 points, or 0.44%, to 34861.24; the S&P 500 rose 22.90 points, or 0.51%, to 4543.06; the Nasdaq fell 22.54 points, or 0.16%, to 14169.30. The three major stock indexes all achieved two-week consecutive positives. This week, the Dow rose 0.31%, the S&P 500 rose 1.79%, and the Nasdaq rose 1.98%.

Star tech stocks were mixed. Meta closed up 1.02%,Amazonup 0.69%,AppleUp 0.37%, Google’s parent company Alphabet was close to closing flat.TeslaDown 0.32%, Netflix fell 0.5%.

Popular Chinese concept stocks fell.NasdaqChina Golden Dragon Index closed down 4.68%,Dididown 13.95%,Know almostdown 10.6%,IQIYIdown 9.64%,Bilibilidown 9.17%,Jingdongdown 2.6%,Weibodown 4.8%,Baidudown 2.7%,Alibabadown 1.88%,PinduoduoDown 1.56%, Tencent ADR fell 1.15%.

  oil priceIt climbed back above $110 a barrel. According to CCTV news, Yemen’s Houthis attacked oil facilities in Saudi Arabia that day, and the Saudi Arabian Ministry of Energy strongly condemned it. WTI May crude oil futures closed 1.39% at $113.90 a barrel, up 8.79% this week. Brent crude oil futures for May ended up 1.36% at $120.65 a barrel, up 11.78% for the week.

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Russian stocks, which recently resumed trading, closed down 3.66 percent on Friday. Aeroflot led the decline, with shares tumbling 18.2%. Aeroflot has lost a quarter of its market value in two days, and its share price has dropped to its lowest level since 2009. The ruble fell to 0.0099 against the dollar.

Interest rate hike expectations are on the rise, and the market expects the Fed to raise interest rates by 50 basis points

Russia-Ukraine tension pushes up commodity prices, also pushesQualcommInflation climbed expectations. A survey by the University of Michigan showed that consumer confidence fell below economists’ expectations in March.

Doug Ramsey, chief investment officer of the Leuthold Group, an American investment advisory agency, believes that the recent rebound in the stock market shows that investors are very receptive to raising interest rates, which may cause the Federal Reserve to raise interest rates.interest ratetake more active action.

Citigroup and Bank of America believe the Fed will raise rates by 0.5 percentage point, instead of the 0.25 percentage point previously expected.President of the Federal Reserve Bank of New YorkWilliams(John Williams) said the pace of rate hikes should be driven by economic data, with 0.5 percentage points higher if necessary.

The U.S. and Europe reach a gas supply agreement, and European gas prices fall by more than 10%

As of the close, Germany’s DAX index rose 0.22%, the UK’s FTSE 100 index rose 0.21%, the European Stoxx 600 index rose 0.12%, and the French CAC40 index fell 0.03%.

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This week, the UK’s FTSE 100 index rose by 1.06%, the French CAC40 index fell by 1.01%, the German DAX index fell by 0.74%, and the European Stoxx 600 index fell by 0.23%.

European gas prices fell more than 10% during the day. ICE UK natural gas futures fell 5.28% this week, while TTF benchmark Dutch natural gas futures fell 2.52%. The European Union and the United States reached a natural gas agreement earlier, which will increase the United States‘ natural gas exports to Europe.

The German government said it would reduce its energy dependence on Russia as soon as possible. By the middle of this year, Germany’s oil imports from Russia are expected to be cut in half; in terms of natural gas, Germany will strive to achieve basic independence by mid-2024.

(Article source: First Finance and Economics)

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