On June 22, the three major U.S. stock indexes fluctuated and sorted out. As of press time, the Dow fell 0.22%, the Nasdaq rose 0.05%, and the S&P 500 rose 0.07%. Bitcoin fell below US$29,000 per coin, with a cumulative decline of about 12% in 24 hours. Blockchain concept stocks generally fell.
The following is a summary of important information in the global market:
Global macro
International oil price “V-shaped” reverses Wall Street “bargain hunter”: oil stocks are the cheapest right now
Yesterday, Iran was elected President Ibrahim. Leahy showed a tough stance in the first press conference after winning the election. He stated that he did not meet with US President Biden and made it clear that he would not negotiate on Iran’s ballistic missile project and other topics.
Affected by this news, the internationalOil priceTurning from decline to rise last night, as of the close of this morning, WTI crude oil futures closed up 2.73%, Brent crude oil futures closed up 2.34%, standing above the US$75 mark, setting a new high in two and a half years, with a cumulative increase of more than 45% since the beginning of this year; Futures also hit a new high in two and a half years, and this year they have soared more than 51%.In early trading today, domestic crude oil futuresMain forceThe contract also rose more than 2%. In addition, crude oil options that were just listed yesterday soared by more than 30% today.
Yesterday, a hedge with a scale of 12.6 billion U.S. dollars, known as Wall Street’s “King of Dips”fundAppaloosa founder David Tepper said at the Robinhood Investor Conference that he is now bullish on oil stocks and believes that oil stocks are the cheapest stocks by any standard because people “hate them” and he has bought Many oil stocks.
China’s anti-mining measures take credit for European Nvidia graphics cards prices have fallen sharply
According to the latest statistics from 3DCenter, EuropeanNvidiaThe price of RTX graphics cards has dropped sharply, dropping from an average premium of 304% in May to 191%.
Root reported that although the price of AMD graphics cards did not drop significantly, butNvidiaThe pricing of RTX graphics cards has undergone major changes. On average, RTX graphics cards are still 91% more expensive than the suggested retail price, but they have fallen by 113%. The report also pointed out that this price cut also benefited from China’s ban on the mining industry.A few days ago, Sichuan Province, the world’s largest gathering place for miners, also opened a virtual settlement.currencyFor mining projects, virtual currency mining machines were collectively powered off.
US Trade Representative: discourage companies from transferring jobs overseas
On June 21, local time, US Trade Representative Dai Qi said during his visit to Michigan that the Biden administration will work hard to implement trade policies, increase wages and employment opportunities for workers everywhere, and discourage companies from transferring jobs overseas. Dai Qi stated that the government hopes to encourage competition by implementing trade agreements with high standards and efficiency, and discourages companies from transferring jobs overseas to maximize profits.
Last year, Asian economies attracted foreign investment growth against the trend
According to a report released by the United Nations Conference on Trade and Development (UNCTAD) on the 21st, due to the impact of the new crown epidemic, the total scale of global foreign direct investment (FDI) has fallen sharply in 2020, but Asian economies including China have remained resilient. FDI absorbed bucked the trend and increased by 4%, reaching US$535 billion.
The “2021 World Investment Report” released by UNCTAD on the same day showed that in 2020, the total global FDI scale was about US$1 trillion, a decrease of 35% from the previous year. On the one hand, due to the impact of the epidemic lockdown measures, the implementation of existing investment projects around the world has slowed down; on the other hand, concerns about economic recession have made multinational companies cautious about investing in new projects.
U.S. stocks in focus
Stopped the “five consecutive decline”, the Dow rose nearly 600 points!The biggest daily increase since March
The three major U.S. stock indexes closed up collectively on Monday. The Dow rose more than 600 points intraday and stopped its “five-day losing streak”, setting its biggest one-day gain since March 5 this year. Oil stocks, anti-epidemic concept stocks and online education stocks were among the top gainers.
In terms of news, on Monday local time, Dallas Fed President Kaplan and St. Louis Fed President Brad jointly participated in an online discussion event.MidlandThe official Chu said,MidlandThe days for the Reserve Bank to reduce the size of its debt purchases are getting closer.
Dario, former US Treasury Secretary sternly warned: the US economy is at risk of overheating
Many big shots are warning of inflation risks.
On Monday, former US Secretary of the Treasury Lawrence Summers and Bridgewater founder Dario participated in the Qatar Economic Forum. Both dignitaries mentioned that the United States is facing a period of economic overheating and inflation, which may threaten economic recovery. It is worth noting that on the same day that Dario and Summers participated in the forum, another former U.S. Treasury Secretary, Mnuchin, also spoke out.He said that inflation will forceMidlandThe reserve will tighten monetary policy in the coming months and years, and this situation may be that investors are not ready yet.
How does the market respond to the “eagles and pigeons” flying together within the Federal Reserve?
On the 21st local time, three Fed officials successively delivered speeches, and their differences on when to tighten monetary policy resurfaced.
St. Louis Fed Chairman Brad and Dallas Fed Chairman Kaplan participated in a discussion of “Fed Week” and spoke on the economic outlook. They all said that the day when the Fed cuts its debt purchases is getting closer. The Fed’s “third in command” who delivered a speech on the same dayWilliamsIt emphasizes that inflation is temporary and it is not time to reduce stimulus.
WilliamsDuring his tenure, he has permanent FOMC voting rights. Brad has FOMC voting rights in 2022, and Kaplan won’t have voting rights until 2023.
U.S. stock company
Apple is under investigation by antitrust agency! It’s about user privacy!The spokesperson responded
According to the new privacy policy of iOS 14.5,appleForce all applications to ask users if they want to be tracked for advertising purposes. It is expected that most users will choose to refuse, thus affecting the entire mobile advertising market.German antitrust regulator “FederalCarterBureau” (FCO) stated that the investigation will also review theappleExclusively pre-installed on their devicesappleApp complaints, and complaints about Apple’s in-app purchase system.
In response to the investigation by the German antitrust agency, an Apple spokesperson responded that the Apple Store provides the same opportunities for German developers of all sizes. The spokesperson also said, “We look forward to discussing some of our practices with the German anti-monopoly regulators and conducting open dialogues on their concerns.”
Delta Air Lines will hire more than 1,000 pilots by next summer to cope with tourism recovery
According to reports,Delta Airlines(DAL.US) is expected to hire more than 1,000 pilots by next summer, which is the latest move taken by the airline in response to a rebound in travel demand.
Delta AirlinesChief Operating Officer John Laughter stated in a letter to the operations staff that the company expects that the US travel and vacation activities this month will return to the level before the outbreak, and will see more business travelers returning to flights. The airline said that travel demand is rebounding strongly, but its international network system is still developing slowly.
American airlines(AAL.US), United Continental Airlines (UAL.US), Spirit Airlines (SAVE.US), and other airlines have also started recovery plans or indicated that they plan to resume recruiting pilots this year.
TSMC will prioritize automotive chips and Apple orders
According to sources at the Fab factory,TSMCPriority will be given to the allocation of production capacity to automotive chips and Apple’s orders for the third quarter of this year, followed by orders for chips for personal computers, servers and network equipment. Chip orders for mobile phones and consumer electronics products will be ranked third. The source emphasized thatTSMCWill continue to solve the problem of supply shortages, and orders must be selected based on profitability and other reasons.
Facebook officially launches its voice chat app Live AudioRooms
According to the news, Facebook today launched the social voice application “LiveAudio Rooms”, officially entering the hot voice chat market led by Clubhouse.
Clubhouse is a voice chat application that uses an “invitation to use” model.During the epidemic, under the impetus of some celebrities, including Facebook CEO Mark Zuckerberg (Mark Zuckerberg) andTeslaCEO Elon Musk (ElonMusk), Clubhouse usage has soared.
Musk: Is considering holding Tesla AI Day in about a month
TeslaCEO Elon Musk said that he is considering hosting in about a monthTeslaOn AI Day, we will review Tesla’s progress in AI software and hardware, including training and inference. The purpose (for holding the event) is to recruit.
(Article Source:Oriental wealthResearch center)
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