On Wednesday, Eastern Time, the three major U.S. stock indexes rose and fell mixed, and the Nasdaq hit a record high. As of the close, the Dow fell 71.34 points,fallRange 0.21%, reported 33874.24 points; Nasdaq rose 18.46 points, or 0.13%, reported 14271.73 points; S&P 500 indexfall4.60 points,fallThe margin was 0.11%, at 4241.84 points.
The following is a summary of important information in the global market:
Global macro
Fed: Inflation rate exceeds expectations but is not ready to raise interest rates immediately
June 22, local time,MidlandPresident Powell admitted in a hearing that the current inflation rate in the United States andQualcommThe duration of inflation has exceeded previous expectations.At the same time, he saidMidlandThe current priority of the Reserve Bank is still a comprehensive and broad economic recovery, not an immediate increase in inflationary pressures.interest rate。
Powell believes that the reason for the recent price increases is not the overheating of the economy, but the direct result of the full restart. Therefore, when formulating economic policies,MidlandThe consideration factors of the reserve are not limited to the inflation rate but will look at multiple factors, such as the employment rate and the problems faced by low-income groups and ethnic minorities.
Seize the 6G dominance?South Korea’s Ministry of Communications has formulated a 6G R&D plan: 1.2 billion yuan will be invested in the next 5 years
The Ministry of Science, Technology, Information and Communication of South Korea held a government-civilian joint 6G strategy meeting on the 23rd and formulated a “6G R&D plan.” According to the report, according to the plan, the South Korean government will invest 220 billion won (approximately RMB 1.25 billion) in the next five years to fully occupy the commanding heights of the next-generation 6G communication core technology through joint research between South Korea and the United States. According to the report, the plan specifically includes ensuring the next generation of core original technologies, taking the lead in obtaining international standards and patents, and building a research industry foundation.
Reserve Bank of Australia: Maintain highly supportive monetary policy measures
The Reserve Bank of Australia’s Assistant Chairman for Economic Affairs Ellis said that it is not yet clear how long the global supply-side bottleneck will last; under this situation, the RBA Board of Governors still agrees that it is necessary to maintain a high degree of support.currencyPolicy measures have allowed inflation and the employment environment to further reach its pre-set targets. At present, eliminating excess production capacity and achieving full employment remains the top priority of Australia.
Europe’s “gas to coal” response to continued growth in electricity demand
According to Bloomberg News, due to the increasing demand for electricity and insufficient natural gas inventories, major EuropeanPublic utilitiesThe company is shifting from natural gas power generation to coal-fired power generation to meet rising power demand.
Andy Sommer, head of the basic analysis and modeling team of Swiss trader Axpo Solutions AG, said that due to the colder and longer winter than before, the overall natural gas reserves in Europe are dwindling, and more coal has to be used for power generation. “Currently, the use of coal in Europe has increased by 15%.” Andy Sommer said, “Despite the recent record highs in European carbon prices, the decline in natural gas reserves will make coal-fired power generation popular again.”
Affected by chip shortage, Nissan will adjust production in July
According to reports, on June 22, three people familiar with the matter revealed that Nissan will adjust production plans in multiple factories next month due to the global chip shortage.
According to sources, Nissan will suspend production at a plant in Tochigi Prefecture (Tochigi) in eastern Japan in July for a total of three days. A plant in Kyushu, southern Japan, will suspend production for two days, and the plant will also cancel night shifts. Another factory in Kyushu will only retain day shifts for a certain period of time in July. In mid-May of this year, Nissan’s Oppama plant in Kanagawa temporarily cancelled night shifts. According to sources, the plant will cancel night shifts again in July.
Some virtual currency mines have settled in Kazakhstan, Texas and other places
According to China Times, on June 21, US stocks listed companiesBit MiningAccording to the official website, its first batch of virtual currency mining machines arrived in Kazakhstan. The total computing power of 320 mining machines is about 18.2 PH/S. It is expected to be deployed and put into operation on June 27. It is understood that the second and third batches of 2,600 virtual currency mining machines will also arrive in Kazakhstan before July 1, with a total computing power of about 102.3 PH/S. Other self-owned mining machines are also being shipped overseas in batches.
U.S. stocks in focus
The “artificial shortage” in the United States continues to rise! Goldman Sachs: The labor force participation rate is expected to reach a peak of 62.6% by the end of 2022
Goldman SachsA new analysis by economists shows that the United States will permanently lose about 1.2 million workers due to early retirement and reduced immigration.Goldman SachsIt is said that this issue should be viewed dialectically, and in a good direction, once the factors that temporarily inhibit work disappear, it is expected that young employees who are unwilling to return to the workplace may still return to the workplace later this year.
therefore,Goldman SachsThe labor force participation rate (LFPR) is expected to rise by 100 basis points next year to 62.6%, which is 0.8% lower than the 63.4% before the outbreak.
The US debt has exceeded 28 trillion U.S. dollars! Who is buying China’s 2 consecutive months of reducing its holdings of U.S. debt?
With the outbreak of the new crown epidemic, the US economy is facing a huge crisis. The Fed began to implement the “unlimited QE (quantitative easing)” policy in March 2020, and then the US government has launched rounds of large-scale fiscal stimulus. Since then, the size of the US debt has soared, and in March this year it exceeded 28 trillion US dollars for the first time, and at the end of April it was 28.2 trillion US dollars.
Survey of U.S. Treasury Yields Falling Against Trend: Ebb Wall Street Inflation Trading Bets on Flattening U.S. Treasury Yield
It is understood that Wall Street financial institutions are still arguing about the reasons for the sharp drop in U.S. bond yields against the trend.Partial hedgefundIt is believed that the Japanese yen spread capital is worried that the Fed’s hawkish signals will cause U.S. stocks to plummet, and it turns to buy U.S. Treasuries to hedge, which is the main reason for the U.S. Treasury yields to buck the trend. The signal is driving a large number of investment institutions to cut inflation transactions and bet on flattening the U.S. Treasury yield curve, triggering a sharp drop in long-term U.S. Treasury yields.
“Behind this, it reflects that Wall Street financial institutions are adopting new policy arbitrage investments around the Fed’s hawkish signals-a new round of market game around the Fed’s monetary policy shift has quietly begun.” Hedge fund MKS PAMPAnalystSam Laughlin said frankly.
U.S. stock company
Spin off Amazon?U.S. House of Representatives “fight” against tech giants
The Seattle Congresswoman Pramila Jayapal recently launched an antitrust proposal that may forceAmazon(AMZN.US) is under pressure to spin off. The Ending Platform Monopolies Act proposed by Jayapal is supported by both parties in the U.S. Congress. The purpose of the bill is to curb the four major technology giants (Amazon、Facebook(FB.US)、apple(AAPL.US) and Google (GOOG.US)) power.
Following the 16-month antitrust investigation that ended last fall, the U.S. House of Representatives announced five antitrust bills this month aimed at balancing the power of these tech giants by restricting their ability to annex or weaken their competitors.
Microsoft’s market value exceeds $2 trillion for the first time, second only to Apple
Microsoft(MSFT.US)’s market value briefly exceeded the $2 trillion mark in intraday trading on Tuesday, but the stock price fell slightly at the close, closing up 1.1% to $265.51.The market value is only 300 million US dollars away from 2 trillion US dollars, second only toapple(AAPL.US) has a market value of approximately US$2.23 trillion.
Data shows that more than 90% of Wall Street analysts currently recommend buyingMicrosoft, And no analyst gave the stock a sell or equivalent to sell rating. The average target price shows that analysts believe that the stock still has about 11% upside.
Get rid of it completely by 2040!Honda becomes the first Japanese car manufacturer to publicly announce that it will completely phase out gasoline vehicles
Honda Motor(HMC.US) has become the first company in Japan to publicly announce that it will be completely eliminatedgasolineThe automaker’s deadline is 2040, which means that its new CEO Toshihiro Mibe’s career will add a lot of color.
“Honda promises to be ahead of other automakers by introducing the latest technology. This is a very bold goal.” said Yachiyo Tanaka, an analyst at the automotive research company Fourin.
First Lidar!The ideal X01 parameters leak: there is also an air suspension
A few days ago, some media exposed the model parameters of the ideal new large SUV codenamed X01. The new car has a comprehensive improvement over the ideal ONE in terms of body size, power, and configuration. It is expected to be released next year.
From the exposure information, the ideal X01 has a body size of 5150/1980/1800mm and a wheelbase of 3100mm, which is a lap larger than the ideal ONE as a whole. It is similar to the Mercedes-Benz GLS and is equipped with air suspension. The curb weight is 2450kg.
Tesla’s integrated optical storage and charging super charging station landed in Lhasa
according to@TeslaWeiboThe news of June 23, today,TeslaChina Optical Storage and Charging Integrated Super Charging Station was completed in Lhasa.TeslaWill be in Lhasa with the help ofSolar energyResources establish a clean energy recycling ecological chain of “utilization, storage, and reuse”.
(Article Source:Oriental wealthResearch center)
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