On October 12, the three major U.S. stock indexes fluctuated and consolidated, and the Chinese education stocks collectively rose. As of press time, the Dow is down 0.20%, the Nasdaq is down 0.07%, and the S&P 500 is down 0.16%.
The following is a summary of important information in the global market:
Global macro
Central Office and State Office: Encourage listed companies and industry-leading enterprises to hold vocational education
Recently, the General Office of the Central Committee of the Communist Party of China and the General Office of the State Council issued the “Opinions on Promoting the High-quality Development of Modern Vocational Education.” Opinions put forward: Encourage listed companies and industry-leading enterprises to hold vocational education, and encourage all kinds of enterprises to participate in holding vocational education in accordance with the law. Encourage vocational schools to cooperate with social capital to build vocational education infrastructure and training bases, and jointly build and share public training bases.
Global inflation has spread to dairy products, and skimmed milk powder futures prices soar to a seven-year high
Due to the sharp decline in milk production in Europe and New Zealand, global milk production is unexpectedly short. Milk powder is the easiest dairy product to export, which has attracted international buyers to buy milk powder, prompting skimmed milk powder futures prices to soar to a seven-year high. It is reported that the skimmed milk powder futures price has reached 135 cents per hundred pounds, a new high since August 2014.
Matt Gould, editor of Dairy Market Analysis, said that US exporters “reported that international clients’ inquiries about milk powder, butter and cheese in the (US) have surged.”
It is understood that skimmed milk powder is used to make milk, and it is also a common ingredient in various foods including baked goods, soups and processed foods.
Affected by the fuel crisis, British consumers are becoming more cautious about spending
A survey released on Tuesday showed that due to concerns about fuel shortages, British consumers’ spending growth in September was the slowest since January, when the UK was in a state of anti-epidemic lockdown. The British Retail Consortium (BRC) said that last month’s retail spending growth momentum has weakened significantly, and compared with September 2020, it only increased by 0.6%, and the increase was much lower than the 3.0% increase in August. Due to the lack of tanker drivers and supply disruptions, panic fuel purchases occurred in most parts of the UK last month. The government blamed this on the problems faced by the global economy in reopening after the blockade, but critics say this also reflects the UK’s stricter immigration regulations after Brexit.
U.S. stocks in focus
Bank of America: Q3 earnings of US stocks may be in line with expectations, but performance guidance may be “unsightly”
Bank of AmericaIn a report on Monday, Wall Street expects the average earnings per share of S&P 500 index companies to reach $49.06, a year-on-year increase of 27%. This means that the year-on-year growth rate of earnings per share in the third quarter will be significantly slower than that of the second quarter (88%)-the overall earnings growth rate in the second quarter was 17% higher than expected.
“Under a strong rhythm, (Wall StreetAnalystYes) The expected value of earnings per share for the third quarter has risen by 3% in the past three months. However, we believe that, driven by supply chain issues, the Delta virus-driven economic slowdown, and continued inflationary pressures, the unfavorable factors in the third quarter have increased significantly. “Savita Subramanian, Head of U.S. Equity and Quantitative Strategy, Bank of America Global Research said.
Bank of America lowered its third-quarter earnings per share forecast by US$2 to US$49. It is expected that earnings for the quarter will meet analyst expectations, butPerformanceThe guidelines may be “ugly.” Subramanian said that although US companies’ profit margins rose to a record high in the second quarter, these companies pointed out that they have difficulty passing on the cost of inflation.
Goldman Sachs and Xiao Mo sing multi-US stocks together, it is recommended to buy on dips
Recently, the market’s concerns about stagflation in the United States are increasing, but some Wall Street strategists don’t seem to think so, saying that they are buying bottom U.S. stocks.Hershey’smachine.
Goldman SachsStrategist (GoldmanSachsGroupInc.) Strategist DavidJ.Kostin wrote in the latest report to clients that despite the short-term uncertainty, we expect the stock market to continue to rise because investors have temporary possession of the current upward rate of inflation. confidence.
Headed by MislavMatejkaJPMorgan(JPMorganChase&Co.) Strategists agree with this, and they point out that concerns about stagflation will begin to fade.
U.S. stock company
Intel establishes a global video division, headquartered in China
IntelChen Wei, vice president of the Internet of Things business unit, todayIntelAnnounced at the Global Internet of Things Conference,IntelThe Global Video Division was formally established, headquartered in China, to focus on China’s fast-growing video technology optimization requirements.
According to analysis by industry insiders, Intel’s decision to make the above decision mainly depends on the explosive development of the short video industry in the context of the epidemic and the substantial commercial value brought about by the surge of cameras.
Tesla China sold 56006 cars in September, the highest sales since the start of production
According to data released by the China Passenger Car Industry Association (CPCA) on Tuesday, US electric car manufacturersTesla(TSLA.US) sold 56006 vehicles made in China in September, the company’s highest sales since it started production in Shanghai about two years ago. Data show that sales in September included 3853 export products.TeslaThe Model 3 sedan and Model Y sports utility vehicle are produced in Shanghai. A total of 44,264 Chinese-made vehicles were sold in August, of which 31,379 were for export. CPCA said that China’s passenger car sales totaled 1.6 million in September, a decrease of 17% from the same period last year.
Accenture acquires artificial intelligence and analytics company BRIDGEi2i
Accenture(ACN.US) reached an acquisition agreement with BRIDGEi2i, an artificial intelligence and analytics company headquartered in Bangalore, India.
The acquisition willAccentureExpanded the field of applied intelligence practice by more than 800 professionals, strengthening and expanding the company’s global capabilities in data science, machine learning, and artificial intelligence insights. The financial terms of the transaction have not been disclosed. Recently, in order to expand the capabilities of smart asset management solutions,AccentureAcquired Advoco.
Ford recalls 126,000 Explorers in the United States due to defective rear suspension
On October 12, Ford will recall more than 126,000 Explorer models in the United States due to a possible fracture of a suspension component. This recall involves Explorers from the 2011 to 2013 models. These models have been recalled once in July 2019. The affected vehicles may have used ZF’s toe link cross shaft ball joint attachment during maintenance. The attachment may be jammed, causing the outer part of the rear suspension toe link to break.
If the toe link of the rear suspension breaks, the steering control of the vehicle will be greatly weakened, thereby increasing the risk of collision. Ford’s database shows that in areas where road salt is used to melt snow in winter, the toe linkage of the rear suspension is particularly vulnerable due to the high corrosiveness of the salt.
(Article Source:Oriental wealthResearch center)
.