The three major U.S. stock indexes fluctuated and consolidated, and China’s game stocks continued to fall. As of press time, the Dow is up 0.18%, the Nasdaq is up 0.23%, and the S&P 500 is up 0.19%.
The following is a summary of important information about the global market.
Global macro
The European Central Bank keeps three key interest rates unchanged in line with expectations
The European Central Bank maintains three key pointsinterest rateNo change, in line with market expectations. In addition, the European Central Bank kept the asset purchase plan (APP) debt purchase rate unchanged at 20 billion euros per month, and slowed the fourth quarter’s emergency anti-epidemic debt purchase plan (PEPP) debt purchase rate.
The Fed’s Beige Book: U.S. economic growth slowed slightly in August
MidlandThe Beige Book report released on Wednesday by Chu said that due to the rebound of the new crown epidemic, the US economic growth rate declined slightly in August. Overall, the US economy is still trapped by rising prices and labor shortages after the epidemic. The Beige Book pointed out that the slowdown in the U.S. economic growth is largely attributable to the reduction of people going out for dinner, travel and tourism in most areas. International travel restrictions have aroused public concerns about safety.
According to the report, inflation is still rising steadily.MidlandHalf of the 12 jurisdictions expressed that they were facing strong pressure from rising prices, and the other half claimed that the pressure was moderate. Although timber prices have fallen, the costs of metals, freight, construction materials, and other industrial necessities are rising in most regions. Due to widespread resource shortages, input price pressure continues to prevail.
The Bank of Canada keeps interest rates and quantitative easing program unchanged, and still expects the recovery to strengthen in the second half of the year
Bank of Canada local time on Wednesday maintainedinterest rateNo change, indicating that after the shocking contraction experienced in the last quarter, economic growth is expected to increase in the second half of the year, but the fourth wave of epidemics and supply bottlenecks may drag the recovery. The Bank of Canada kept its key interest rate at a record low of 0.25%, as expected, and maintained its current quantitative easing program unchanged. In less than two weeks, Canada will hold a federal election.
The Bank of Canada said in a statement: “It is still expected that economic growth will strengthen in the second half of 2021, but the fourth wave of viral infections and continued supply bottlenecks may drag the recovery.” The Bank of Canada maintained its guidance unchanged, that is, economic growth. Idleness will be absorbed sometime in the second half of 2022, despite the unexpected economic contraction in the second quarter and a weak start to the third quarter.
U.S. stocks in focus
Following Goldman Sachs and Morgan Stanley, Bank of America has also joined the bearish camp of U.S. stocks
Recently, as the Delta mutant virus continues to wreak havoc, Wall Street’s optimism about the U.S. economy and the stock market has plummeted, and they have expressed “not optimistic”.FollowingGoldman Sachs, After Dharma,Bank of America(Bank of America) also added a bearish camp for US stocks in the latest report.
Bank of AmericaIt was stated on Wednesday that the S&P 500 index has risen by more than 20% in 2020. This is largely due to a surge in corporate profit growth, but the pressure on profit margins from rising costs may cause the index to rise by the end of this year. It fell by 6%. The bank also set the S&P 500 target for the end of 2022 at 4,600 points, which is only 2% higher than the current level.
Tianfeng Securities: US stocks second-quarter results exceeded expectations, preference for healthcare in the fourth quarter
Tianfeng SecuritiesMacroAnalystSong Xuetao said on September 9 that the second quarterly report of US stocksPerformanceExceeding expectations, the industries affected by the epidemic contributed to the main growth in performance. Profitability is the main risk point for US stocks.In the fourth quarter, we prefer medical care that may benefit from the epidemic. It is recommended to lower optional consumption, materials, etc. pro-cyclical; rising interest rates may be staged to be detrimental to information technology, but large amountsRepurchaseIt is expected to support the stock price of the sector, and the profit of the energy sector is still expected to achieve a month-on-month growth due to the increase in crude oil production, maintaining the standard configuration.
U.S. stock company
Walmart intends to issue US$2 billion green bonds, the largest green bond issuance scale in the United States
WalmartIt will issue bonds in the green bond market for the first time, with plans to raise US$2 billion with a ten-year term.This amount is the largest ever green bond issuance by a U.S. company, surpassing that of NextEra Energy Capital in June this year and 2016.AppleA record of $1.5 billion was set.
WalmartThe US$2 billion 10-year green bond issuance is part of its five instalment of US$7 billion green bond issuance. The purpose is to fund the tender offer and a series of environmental protection efforts.According to its green financing framework, these projects includeSolar energyAnd wind energy projects, energy-saving refrigeration, electric vehicles and waste reduction.
Tesla sets up an energy trading team: to provide support for battery and renewable energy projects
TeslaPosts posted by members of the official website and professional social networking site LinkedIn show that electric car manufacturersTeslaThe company is recruiting members of the energy trading team to support its battery and renewable energy projects.The company has expanded its business to include householdSolar energyAnd large-scale battery storage facilities, these businesses currently only account for a very small part of its total revenue.TeslaIt also recently applied to start selling electricity in Texas.
BHP Billiton joins AI company to explore battery materials such as copper and nickel
Since this year, new energy vehicles and related industries have attracted much attention, and the strong demand for electric vehicles has led to more serious battery material supply problems. BHP Billiton announced on Wednesday that it plans to cooperate with KoBold Metals, an artificial intelligence exploration company, to find battery mineral materials such as copper and nickel in Australia and other parts of the world.
Game Station Q2 net sales increased by more than 25% year-on-year
After the US stock market on September 8,Game station(GME.US) announced its financial results for the second quarter ending July 31, 2021. The financial report shows that Q2 net sales were 1.183 billion U.S. dollars, and the market was expected to be 1.12 billion U.S. dollars, compared with 942 million U.S. dollars in the same period last year, an increase of 25.63% year-on-year. Divided by business,Game stationIn the second quarter, sales of accessories increased by 38.04% year-on-year, accounting for 51.5% of total net sales; software sales increased by 2.61% year-on-year, accounting for 33.5% of total net sales.
The cost of sales was US$863 million, a year-on-year increase of 25.04%. Sales and general administrative expenses were US$379 million, compared with US$348 million in the same period last year.
Amazon develops new point of sale system
According to reports,AmazonA new point-of-sale system is being developed, which can be sold to third-party sellers. It is reported that the new system can handle online and offline transactions, and can also link to other services such as Prime and Flex.
(Article Source:Oriental wealthResearch center)
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