Home » Three major indexes of U.S. stocks collectively fell, European stocks fell sharply

Three major indexes of U.S. stocks collectively fell, European stocks fell sharply

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On July 8, the three major indexes of the US stock market collectively fell. As of press time, the Dow fell by 1.09%, the Nasdaq fell by 1.65%, and the S&P 500 fell by 1.28%.

Major European stock market indexes have plummeted. As of press time, the Stoxx Europe 50 Index fell 2.56%, the German DAX Index fell 2.22%, the UK FTSE 100 Index fell 2.04%, and the French CAC Index fell 2.41%.

The following is a summary of important information in the global market:

  Global macro

  106 days later, the ship “Longci” finally left the Suez Canal

On July 7, local time, the giant cargo ship “Ever Given” that once blocked the Suez Canal, the global artery, finally set sail again. Previously, due to the failure to reach an agreement on compensation matters, the freighter was detained by Egypt.

The “Longci” is one of the largest freighters in the world. It ran aground on March 23 and blocked the Suez Canal laterally. It took 6 days to rescue the freighter, which caused two-way traffic jam on the Suez Canal, which seriously affected global trade.

  IMF calls on the G20 to strengthen cooperation to cope with the polarization of recovery

InternationalMonetary FundOrganization (IMF) President Georgieva wrote on the 7th that the G20 should strengthen international cooperation to deal with the challenges of global economic recovery and differentiation, and provide assistance to vulnerable economies. Georgieva emphasized that global policymakers, including members of the G20, should take urgent action to strengthen international cooperation, avoid intensification of differentiation, and end the epidemic as soon as possible. The G20 members should share vaccines with developing economies, provide allocations and preferential financing to increase vaccine production and diversity, and eliminate export barriers and other obstacles to raw materials and finished vaccines.

  How does South Korea’s “upgrading” become a developed country?

In early July, at the 68th Trade and Development Council of the United Nations Conference on Trade and Development (UNCTAD) held at the headquarters in Geneva, Switzerland, 195 member states unanimously approved the promotion of South Korea’s status from the original “group of developing countries” to ” Developed countries group”.

With the entry of South Korea, there are now 32 countries in the “Developed Countries Group” recognized by the United Nations Conference on Trade and Development. It is reported that this is the first time a country has changed from a developing country to a developed country since the establishment of the UNCTAD in 1964.

  British Chancellor of the Exchequer: The employment plan is working, the unemployment rate is far below the level of people’s fears

The British Chancellor of the Exchequer Sunak said that the UK’s employment plan is working, and the unemployment rate is far below what people worry about. As the economy reopens, we are cautiously optimistic about the economy. People should have confidence in the economic signs of optimism in the future.

  India’s richest man intends to invest in a hydrogen super factory

India’s richest man, Mukesh Ambani, plans to spend US$100 billion to expand the scale of zero-carbon emission facilities in India.Reliance Industries, the leading petroleum and refining company he controls, intends to build four large-scale “super factories” to produceSolar energyPower generation components, batteries, fuel cells, and most importantly, electrolyzers for hydrogen production equipment.

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  The home economy boosts Japan’s tax revenue to a record high of 60 trillion yen! Will the consumption tax go up?

Japan’s Ministry of Finance recently announced that the country’s fiscal year 2020 general accounting final accounts show that Japan’s 2020 national tax revenue will reach about 60.8 trillion yen (about 3.55 trillion yuan), a record high. This data is also higher than the Japanese government’s forecast in December 2020, when the forecast value was 55.1 trillion yen.

Japanese media believe that this data shows that the actual impact of the new crown pneumonia epidemic on the Japanese economy is lower than expected. The Bank of Japan’s short-term economic observation survey results for the second quarter of this year announced on July 1st showed that the confidence index of large-scale manufacturing enterprises continued to pick up, rising from 5 points in the previous quarter to 14 points, showing an upward trend for the fourth consecutive quarter.

  European Parliament approves 30 billion euro infrastructure plan

The European Parliament approved an updated version of the “Connecting European Facilities” plan on the 7th, which will allocate 30 billion euros between 2021 and 2027 for the construction of transportation, energy and digital infrastructure.

In the updated “Connect European Facilities” plan, approximately 23 billion euros will be used for transportation projects, 5 billion euros will be used for energy projects, and 2 billion euros will be used for digital projects.

  Thailand’s tourism industry has been hit hard by the epidemic, and the future situation is not optimistic

According to Thailand’s “World Journal” report, due to the outbreak of the new crown pneumonia, Thailand’s tourism situation in the second quarter was severely affected.

Associate Professor, Faculty of Arts, Sevi Chai Ratchamunkhun University of TechnologyPakaAccording to the data provided by the government, the 725 tourism business establishments in various regions of ThailandResearchIt was found that the tourism industry confidence index in the second quarter was 11 (normally 100), reflecting the lowest income level. The tourism industry situation is similar to that in the second quarter of 2020. At that time, the government announced a national blockade and the confidence index was 12.

  U.S. stocks in focus

  In half a year, more than 3.700 billion funds were rushed into the global stock market and US retail investors swept 180 billion in one month! How long can the “bull market” last?

Faced with this epic bull market in US stocks, American retail investors are also crazy. According to data from Wall Street institutions, from January to June this year, the U.S. stock market has newly opened more than 10 million securities accounts, which has exceeded the level of the entire year of 2020.US retail investors’ net purchases of stocks in June andfundThe scale of the company reached 28 billion U.S. dollars (about 180.8 billion yuan), setting a new monthly high since 2014.

Funds surge, andMidlandThe crazy release of water storage is closely related. In the past 15 months,MidlandOn the basis of existing assets, the reserves have added 3.75 trillion US dollars in assets. At the same time, the US government has also launched six rounds of about 3.4 trillion US dollars of fiscal plans on a large scale, making the American people very rich in funds.

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  Goldman Sachs: The Fed will begin to reduce QE within this year

  Goldman SachsAnalystReadingMidlandThe minutes of the June meeting of the Reserve Bank further strengthened the bet that the Fed will reduce its stimulus measures ahead of schedule. The agency believes that the Fed is expected to start reducing QE efforts in December of this year, without waiting until next year, and even under certain conditions, the timing of QE reduction may be further advanced to November.

  U.S. Treasury yields fell sharply again. Is the sky of U.S. stocks technology stocks the top?

With the continued decline in U.S. bond yields and Wall Street’s concerns about the peaking of US economic growth, large technology companies have regained the favor of investors.Such asapple(AAPL.US) shares rose 1.8% on Wednesday,Amazon(AMAZN.US) shares rose nearly 0.6%, setting a record closing high for the second consecutive trading day. In the past month,applewithAmazonBoth rose by nearly 15%, far exceeding the 3.1% return of the S&P 500 Index.

  The world‘s largest asset management company is short on U.S. debt and downgrades U.S. stocks

The world‘s largest asset management companyBlackRockIn its mid-year investment outlook on Wednesday, it said that the view on US Treasury bonds has become more pessimistic, and that the current bond market valuation is “very adequate.”

U.S. Treasury yields continued to decline, and 10-year Treasury yields fell to a five-month low on Wednesday.

The report mentioned,BlackRockIt also downgraded the U.S. stock rating to neutral, partly because the company adjusted its strategy because it expected inflation to rise in the medium term.The company expects bond yields to rise due to rising inflationary pressures, notcurrencyPolicy changes,BlackRockIt is said that this has created a favorable environment for the stock market.

  U.S. stock company

  Tesla again raises the “price butcher knife” Model Y starting price drops to 270,000

July 8th,TeslaThe official website of China officially launched the ModelY standard battery life version, and the price of the longer battery life version dropped by 70,000 yuan to 276,000 yuan.Yi Ran, a partner of Jielan Road Consulting Company, who has been paying attention to the new energy vehicle market for a long time, believes that consideringTeslaThe price strategy of the domestic Model 3 is expected to be further reduced in the future.

  Tesla’s domestic models fully introduce lithium iron phosphate battery suppliers for the Ningde era

July 8th,TeslaModelY standard battery life version is launched on China’s official website. Model Y is Tesla’s second domestically produced model. Previously, there was only a long-life version and a high-performance version. Compared with the previous two versions, the price of the standard battery life version is greatly reduced.People familiar with the matter said that the Model Y standard battery life version uses lithium iron phosphate batteries, and the supplier isNingde era. Tesla sales staff also confirmed the above news to reporters.

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  Former U.S. President Trump sues Twitter, Facebook and Google

According to a U.S. media report on July 7 local time, former U.S. President Donald Trump has been banned against his account.Twitter, Facebook and Google filed a class action lawsuit. Trump held a press conference on the 7th local time, demanding that the court impose punitive damages on these social media giants and stop censorship of the American people.

  Google responds to antitrust lawsuits: we are more open than friends

According to reports, Google’s senior director of public policy Wilson White (Wilson White) responded to the antitrust lawsuit against the Google Play app store in a blog today, saying that Google Play is more open and provides users with more choices, but was accused.

White said that the lawsuit limits the definition of the app store to Android devices, but ignores extremely successful platforms like the App Store.

  Dissatisfied with the stock price slump Nikola (NKLA.US) shareholders meeting rejected the proposal to pay executives

Electric truck startup Nikola (NKLA.US) said on Tuesday that the companyshareholderThe vote rejected an approval granting it “designatedExecutives“The salary proposal includes a payment of $159.2 million to its founder and former executive chairman Trevor R. Milton.

Although this decision is not binding, it shows shareholders’ dissatisfaction with Nikola. Nikola’s stock price has fallen by more than 80% from its peak, partly because of ongoing investigations by regulators and prosecutors. Nikola and some executives are facing a series of class-action lawsuits accusing them of making false and/or misleading statements about Nikola’s business plans and prospects.

  The 360 ​​IOU APP, the core product of 360 Digital, has been removed

  360 math departmentIts core product, the 360 ​​IOU APP, has been removed. The reason for the removal may be related to the discussion with the central bank and other financial regulatory authorities on April 29 this year and the request for rectification of 13 Internet financial platforms.

  Robin Li: Baidu Smart Car is expected to meet with you in 2023

At the 2021 World Artificial Intelligence Conference,BaiduFounder Robin Li revealed,BaiduThe smart car is under development, and it is expected to meet with you in 2023.

He said that artificial intelligence will affect mankind in the next 40 years, and the future of smart cars is more likerobot, Or the future mainstreamrobotLooks more like a smart car. Li Yanhong also pointed out that in the next two to three years, we plan to extend the service of sharing unmanned vehicles to 30 cities across the country.

  Did the “famous teacher” who taught your child really graduated from a prestigious school? New Oriental was named and falsely promoted again!China Consumers Association angrily exposes chaos in out-of-school training

Summer vacation is coming, how to arrange children’s summer vacation life? The broken-hearted parents set their sights on the “extraordinary” off-campus training institutions. But is the money you spend really worth it? On July 7, the China Consumers Association issued a consumption reminder, exposing the six major chaos of off-campus training, and naming themNew OrientalFalse propaganda by many off-campus training institutions.

(Article Source:Oriental wealthResearch center)

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