On September 1, the three major U.S. stock indexes oscillated, and the Nasdaq hit a record high. As of press time, the Dow is down 0.01%, the Nasdaq is up 0.50%, and the S&P 500 is up 0.10%.
The following is a summary of important information in the global market:
Global macro
Governor of India’s central bank said the global economy has not yet come out of the predicament
The Governor of the Bank of India Dass said on August 31 that the new crown epidemic that began last year has weakened the global economy, and central banks of various countries have to move to the front line of maintaining economic growth. So far, although the world economy has shown signs of recovery, it has not yet emerged from the economic dilemma caused by the epidemic. Since last year, the Bank of India has cut interest rates several times, with a cumulative rate cut of 250 basis points.The 4% currently implemented by the Bank of IndiaRepurchaseinterest rate, Is the lowest level in recent years. At the same time, the Central Bank of India has stabilized people’s economic expectations while hedging the impact of the epidemic by injecting liquidity into the financial system.
Japan’s industry-wide regular profit in the second quarter increased by 93% year-on-year, exceeding the level of the same period in 2019 before the outbreak
According to the statistics of corporate enterprises in the second quarter (April to June) of 2021 announced by the Ministry of Finance on the 1st, in addition to the financial,insuranceRegular profits of all industries outside the industry increased by 93.9% year-on-year to 24.0736 trillion yen (approximately RMB 1.4 trillion), a year-on-year increase for two consecutive quarters. This number exceeds the same period in 2019 before the outbreak of the new crown epidemic, and is the second highest in history in a single quarter.Not only centered on manufacturingPerformanceThere is a clear recovery, and the non-manufacturing industry also achieved profit growth due to the base effect of the decline in performance in the same period last year.
The regular profit of the manufacturing industry in the second quarter was 10.0511 trillion yen, which was about 2.6 times that of the same period last year. In the context of the global economic recovery, domestic and foreign auto sales are booming, and transportation machinery has grown substantially, about 4.8 times that of the same period last year. Information and communication machinery has also greatly increased to about 4.2 times.
U.S. stocks in focus
Can US stocks break the history of the worst month of the year?
The U.S. stock market just ended August when it hit 12 new closing highs and began to enter September. Judging from the experience of the past decades, September is often the worst month of the year for the S&P 500 Index. Is it repeating the past or breaking history? Wall Street strategists pointed out that after 7 consecutive months of rising, US stocks are currently facing a lot of potential risks. According to data from the market research company CFRA, since World War II, the S&P 500 Index has only recorded a positive return in 45% of cases in September. The average performance for the month was down 0.56%, the worst performance of all months of the year. Except for September, February is the only month with negative average returns.
In addition, in the first year of the US presidency, the stock market fell even more in September. The S&P 500 index fell by an average of 0.73% during those years. CFRA also found that in a year when the S&P 500 Index hit a new high in July and August (like this year), the benchmark index fell by an average of 0.74% in September, and only rose 43% of the time.
Can US stocks get rid of the “worst in September” label?
As the market entered a historically underperformance in September, option traders remained vigilant. Institutional managers are raising the price of protective options, and speculative retail investors are showing signs of restraint.according toUBS GroupAccording to data from Robinhood, the proportion of retail investors’ derivatives trading volume supported by Robinhood has fallen to the lowest level since April 2020, and the demand for short-term call options of large technology companies, the favorite of retail investors, is cooling.
The increase in option skewness indicates that the demand for protective put contracts exceeds that for call options. Another indicator of market sentiment, the increase in open interest in put options, also shows that Wall Street hedgers are making every effort. At the same time, according to UBS data, small options transactions (including 1 to 10 contracts bought by retail investors) accounted for only 18.3% of the total transaction volume. This is the lowest level since April 2020.
U.S. stock company
Oil giant Shell launches: plans to install 50,000 street charging stations in the UK by 2025
Royal Dutch Shell Petroleum Company announced on Wednesday that it will significantly expand its electric car charging station network in the UK, and plans to have 50,000 charging stations on the streets of the UK by 2025.
Shell will implement this plan through its subsidiary Ubitricity. Ubitricity, a street charging station company acquired by Shell in February, operates approximately 3,600 chargers in the UK. In order to achieve the goal of reducing carbon emissions to zero by 2050, the British government is vigorously promoting electric vehicles (EV), and this expansion is part of the plan.The UK also plans to ban the sale of newgasolinewithdiesel fuelcar. According to a recent government report, the UK will need between 280,000 and 480,000 charging stations by 2030, compared to only 25,000 now. In order to support the expansion of its charging stations in the UK, Shell plans to help the local government raise funds for installation.
Microsoft: Windows 11 will be officially launched on October 5
According to the news,MicrosoftAccording to the official announcement, Windows 11 will be officially launched on October 5th. From October 5th, 2021 to 2022, Windows 11 will undergo a phased and evaluable upgrade. Starting from October 5th, eligible Windows 10 PCs will be upgraded to Windows 11 for free, and a variety of new PC devices pre-installed with Windows 11 will also be available for sale.
On June 24 this year,MicrosoftAnnounced Windows 11 as the successor to Windows 10 and provided Windows 11 (beta) to testers who registered for the Windows Insider program four days later. After that,MicrosoftSeven incremental updates have been launched, including feature changes and bug fixes. Today, Microsoft is ready to provide more customers with the final version of Windows 11 and let device manufacturers start selling new PCs running the operating system. For current PCs, Microsoft predicts that by the middle of 2022, all devices that meet the requirements of Windows 11 will receive free upgrades.
Twitter will allow users to “reward” content creators with Bitcoin
At the beginning of this year, Twitter launched the “Tip Jar” function. The latest beta version of Twitter will further extend the function. In the future, users can use TipJar to use Bitcoin to pay content creators, that is, “reward”. Although the current test user cannot choose Bitcoin to pay, the code shows that Twitter intends to support it. When Tip Jar launched, Twitter allowed users to add Bandcamp, CashApp, Patreon, PayPal and Venmo payment links. In July, Twitter CEO Dorsey told investors that Bitcoin is very important to the company and will be added to TipJar in the future. The latest beta version of Twitter even provides tutorials to tell users what is the Bitcoin Lightning Network (Bitcoin Lightning Network), what is Custodial wallet and Non-custodial wallet.
Delayed again!Google will move employees back to the office after January 10 next year
On Tuesday, Google once again postponed the date for employees to return to the office until after January 10 next year. Google CEO Sundar Pichai said that in view of the delta variant virus raging, the decision was made. Pichai said: “It is optional to go back to the office at least before January 10th. Once it is decided to require employees to return to the office, the company will notify 30 days in advance. In addition, after January 10th next year, different regional branches will decide according to their own circumstances. Should employees return to the office or continue to work at home with all employees.” Previously, Google required each branch to make decisions in accordance with the country’s epidemic prevention policies.
At the end of last month, Google has postponed its return to the office until October 18. The Internet giant has stated that it will require its employees to work in a “hybrid” mode, with about 60% returning to their office before the epidemic. In August, Google approved 85% of requests for employees to work remotely or switch offices after the office was completely reopened.
Southwest Airlines sued by union for violation of labor law
AmericaSouthwest AirlinesThe union took the company to Dallas federal court this week, claiming that it violated the law on labor disputes in the transportation industry and unilaterally changed the working environment, rules, and payment rates of employees during the epidemic.The union represents 9,000 pilots, and these pilots are currently associated with the company’s newcontractThe negotiations have reached a deadlock.The union asks for a court decisionSouthwest AirlinesDo not continue to take illegal actions, and do your best to participate in negotiations.
(Article Source:Oriental wealthResearch center)
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