On July 30, the three major U.S. stock indexes oscillated, and most of the popular Chinese concept stocks fell. As of press time, the Dow is down 0.01%, the Nasdaq is down 0.46%, and the S&P 500 is down 0.22%.
The following is a summary of important global information:
Global macro
How the U.S. fiscal deficit affects the U.S. dollar
The United States implements a proactive fiscal policy and expands its fiscal deficit, which will boost the U.S. economy in the short term, and the improvement of economic fundamentals will boost the trend of the dollar index.In the medium and long term, a proactive fiscal policy needs to be lowinterest rateenvironment,MidlandReserve will remain relatively loosecurrencyCooperating with policies has put pressure on the trend of the U.S. dollar index. In addition, the increase in US federal government spending requires the issuance of bonds to fill the funding gap. The debt burden has risen rapidly, the fiscal situation has deteriorated, and the debt risk has increased, which is negative for the US dollar index. In short, the expansion of the US fiscal deficit will benefit the trend of the US dollar index in the short term, and will drag down the trend of the US dollar index in the medium and long term.
Is the Fed “underweight” and then postpone?
Data released by the U.S. Department of Commerce on the 29th showed that due to factors such as large-scale government assistance and new crown pneumonia vaccination to stimulate consumer spending, the United States in the second quartergross domestic product(GDP) The initial value increased by 6.5%, returning to the level before the epidemic.Institutions generally expect that the U.S. economy will maintain relatively rapid growth in the second half of the year, but the current severe epidemic situation may be counterproductive.MidlandThe process of normalization of currency reserves has an impact.
U.S. stocks in focus
50% of China’s education stocks fell more than 60%!Hillhouse and Tiger Global Fund managed to escape the top
At present, there are already 12 Chinese education stocks on the US stock market whose share prices are around US$1 (range between US$0.1 and US$1.99), and many of them are well-known education and training giants.New Oriental(mostNew crotch($1.94), a new force in online educationFluent(The latest stock price is US$0.90) and so on.Gaotugroup,Good future、Education Technology TogetherThe stock price has fallen by more than 90% year-to-date.
Hillhouse, Tiger GlobalfundIn the first quarter of this year, other institutions liquidated some of China’s education stocks and successfully “escaped from the top”; many institutions also increased their holdings in the first quarter, and it is inevitable that they will encounter floating losses.
The Fed’s “dove sound” may sing longer
Under the expectation that the path of policy tightening is relatively clear,MidlandIt is unlikely that the reserve will start the tightening cycle early. It may communicate with the market in advance on policy tightening at the Jackson Hole Global Central Bank Annual Meeting in August to further guide market expectations and avoid unnecessary fluctuations in the financial market. It is highly probable that the specific start of the reduction in the scale of asset purchases will be at the beginning of next year or even later, and then interest rates will be raised at a longer interval. The market had previously expected that the Fed might start to reduce the scale of asset purchases as early as around October this year. Judging from the current situation, the Fed is likely to sing the “dove sound” longer.
U.S. stock company
United Airlines Announces Outsourcing Food Service
United Airlines said on Thursday that after a six-month review, the company decided to advance the process of outsourcing the catering business, and subsequently handed over menu design management and kitchen operations to three suppliers. The company will advance this transition after the expiration of the Congressional Compensation Relief Program that prohibits layoffs in October this year, and promises that affected employees will get jobs at suppliers.
Advertising business is under pressure, Facebook expects revenue growth to slow
On July 28, local time, the social media giant Facebook said that despite the company’s strong advertising sales, it expects future revenue growth to “substantially slow down”. This news has caused the company’s share price to fall sharply by more than 4 in after-hours trading. %.
Facebook said it expectsAppleThe recent upgrade to the iOS operating system will affect its ability to target advertising, thereby affecting the company’s advertising revenue in the third quarter. iPhone manufacturerAppleThe company’s recent changes in privacy regulations have made it more difficult for apps to track users and restricted advertisers’ ability to obtain valuable data for targeted advertising.
Google fined 3 million rubles for violating Russian personal data law
The Moscow Tagansky District Court announced on Thursday that it had imposed a fine of 3 million rubles (approximately US$41,017) on Google for violating the personal data law. This is the first time Google has been fined for violating Russia’s personal data law. Google confirmed the fine, but did not respond further.
Newegg may become the first e-commerce platform to accept Litecoin payments
North American e-commerce platform Newegg (NEGG.US) announced that starting from this week, the company is expected to become the first merchant to accept Litecoin (LTC) cryptocurrency as the Bitcoin payment platform BitPay payment method. It is reported that Litecoin was created by former Google engineer Charlie LeeLaunched in 2011, it is a “lite version” of Bitcoin. Although technically similar to Bitcoin, the Litecoin network has a faster processing speed. The Litecoin network processes a block every 2.5 minutes, while the Bitcoin network processes a block every 10 minutes.
AstraZeneca China Eastern Headquarters officially opened
According to “AstraZeneca China” WeChat public account on July 30, yesterday, AstraZeneca China Eastern Headquarters was officially opened. On the same day, AstraZeneca CICC Medical Industry Fund also announced the signing of cooperation intentions with Hangzhou municipal and district-level government guidance funds. Hangzhou Hi-Tech Investment and Hangzhou Gongshu District Industrial Investment intend to jointly participate in the cooperation of AstraZeneca CICC Medical Industry Fund, and jointly promote the innovation and development of China’s medical and health industry through the concerted efforts of government, production and investment.
(Article Source:Oriental wealthResearch center)
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