On Wednesday, Eastern Time, the three major U.S. stock indexes collectively rose. As of press time, the Dow rose by 0.63%, the Nasdaq rose by 0.27%, and the S&P 500 index rose by 0.55%.
The following is a summary of important information in the global market:
Global macro
The gasoline crisis broke out in the UK!People panic grabbing oil, military tank trucks are ready to be dispatched
Affected by factors such as the new crown epidemic and “Brexit”, British truck drivers have recently experienced a “labor shortage”. As most fuel transportation relies on trucks, a serious consequence of the “labor shortage” is the recent oil shortage in the UK.
U.KgasolineThe Retail Association said on the 27th that there was a serious shortage of fuel in the UK, and thousands of gas stations sold out on the 26th. The Gasoline Retailers Association represents nearly 5,500 independent gas stations in the UK. According to this organization, about two-thirds of the member gas stations reported that the fuel was sold out, and the fuel at other gas stations “partially bottomed out and is about to be sold out.”
European Central Bank President: The Eurozone still needs loose monetary policy
European Central Bank President Lagarde said on September 28 that structural changes in the economy will affect the price level in the euro zone in both directions. District still needs to be relaxedcurrencypolicy. According to a report released by the European Central Bank in early September, the inflation rate in the euro zone is expected to be 2.2% in 2021, and 1.7% and 1.5% in 2022 and 2023, respectively.
U.S. house prices soared by 19.9% in July, a record high
September 28, local time, US S&P/Cass SchillerHouse price indexFor 20 citiesHouse priceThe analysis showed that the U.S. house price index rose by 19.9% in July compared with the same period last year, the largest increase since 2000, and house prices in 19 cities hit a record high. Among them, Phoenix, San Diego and Seattle saw the largest increases in house prices. Phoenix house prices rose by 32.5%, ranking first in the United States for 26 consecutive months.
U.S. stocks in focus
The agency said the U.S. Treasury yields soared and “not a stock market killer”
On Tuesday (28th) Eastern Time, the U.S. stock market experienced a night of shock. The soaring U.S. Treasury yields weighed on technology stocks. The Nasdaq fell nearly 3%, the biggest one-day decline since March. The S&P 500 also fell more than 2%. But Fundstrat, a US investment agency, believes that although US bond yields are soaring, US stocks are expected to continue to rise before the end of 2021.
Tom, co-founder and research director of FundstratLeeOn Tuesday, it downplayed the impact of U.S. bond yields on U.S. stocks, and pointed out positive factors for rising yields. TomLeeSaid: “If the economy is expanding and strengthening, and demand and shortages are suppressed, it will lead to inflation and higher yields-then this is obviously a very good return, which is conducive to the return on capital investment and also means higher ofinterest rate。”
“This is exactly the environment from 1950 to 1970. I think anyone who really studies the market will understand that rising yields are not a stock market killer.” TomLeeAdded.
U.S. stocks plummeted suddenly, and two heavyweight statements became the fuse!
The U.S. stock market plummeted suddenly. The two statements became the fuse of the market crash.
The first is the US Treasury Secretary Yellen’s letter to Congress on the debt ceiling. Yellen said that the United States may reach its debt ceiling before October 18. If Congress does not take action to raise or delay the debt ceiling before October 18, we expect the Treasury Department to exhaust its extraordinary measures. At that time, we expect that the resources of the Ministry of Finance will be very limited and will be exhausted soon. After this date, it is uncertain whether we can continue to fulfill all the country’s commitments. Yellen said that not raising the debt ceiling will have catastrophic consequences.
The second isMidlandChu Brad said,MidlandThe reserve is “slightly” more aggressive, and it is best to ensure a longer expansion period; at this point, it will take “a very big shock” to start the bond reduction plan; it is expected that interest rates will be raised twice in 2022 and called for Once the bond purchases are over, the balance sheet will begin to decline; the “strong” expansion will continue until 2022, and the labor supply problem will take time to “solve”.
U.S. stock company
Boeing will add 767-300BCF conversion production line at GAMECO
BoeingAnd Guangzhou Aircraft Maintenance Engineering Co., Ltd. (GAMECO) announced on the 28th that it will be 767-300BoeingModified freighter (BCF) creates more capacity to meet the continued strong market demand. The two companies held a signing ceremony at the China International Aerospace Exhibition in Zhuhai and announced that they will add two new 767-300BCF conversion production lines next year to expand GAMECO’s cargo aircraft conversion capabilities.
Netflix acquires video game developer NightSchoolStudio
Netflix acquired video game developer NightSchoolStudio and launched 5 mobile games in some European markets. Competition in the streaming video field is fierce, and Netflix wants to diversify its revenue.
This is the first time Netflix has acquired a game studio, and NightSchoolStudio has gained a reputation for its first game “Oxenfree”. Just like movies and TV shows, NightSchoolStudio’s games will become part of the Netflix membership service, with no ads and no in-app purchases. At the last quarter’s earnings conference, Netflix once said that it intends to enter the game industry, and it believes that games can become a new source of revenue for the company.
Micron Technology‘s Q4 earnings per share and revenue exceed expectations
Micron TechnologyThe fourth quarter’s financial report was released on Tuesday, and the data showed that the company’s revenue was higher thanAnalystEarnings per share exceeded analysts’ expectations. In the company’s latest earnings report, the company’s earnings per share were $2.42 and total revenue was $8.27B. Previously, a survey of analysts by Investing.com showed that analysts expected the company’s revenue to be $8.22B. , Earnings per share are $2.33.
(Article Source:Oriental wealthResearch center)
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