On Tuesday, Eastern Time, the three major US stock indexes rose slightly. As of press time, the Dow rose 0.27%, the Nasdaq rose 0.40%, and the S&P 500 index rose 0.22%.
On the disk, most of the new energy auto stocks rose.Faraday Future、Mavericks electricRose nearly 5%.
The following is a summary of important information in the global market:
Global macro
The outlook for interest rate hikes of 13 central banks around the world: relaxation is like taking an elevator to raise interest rates like climbing stairs
After the Mid-Autumn Festival holiday, this week ushered in one after another of global central bankscurrencyPolicy decisions, various signals and messages are waiting to be released.
This week, at least thirteen central banks are preparing to re-examine their monetary policies.MidlandThe interest rate meeting is undoubtedly the most eye-catching. Powell has previously hinted at slowing down bond purchases this evening. The Norges Bank is very likely to take the lead and is expected to become the first G10 advanced economy to raise interest rates under the stimulus wave.
Emerging markets are equally eye-catching. The market expects the Brazilian central bank to continue the pace of August and raise interest rates by another 100 basis points; the Hungarian central bank is also expected to embark on a austerity journey, and the Turkish central bank may maintain its original position.
Yellen warned that US government debt default will cause widespread “economic disaster”
U.S. Treasury Secretary Yellen warned on the 19th that if the U.S. Congress does not quickly raise the federal government’s debt ceiling or suspend its effectiveness, the federal government may default on its debt in October this year and cause widespread “economic disaster.”
Yellen said in an article published on the website of the Wall Street Journal that day that if Congress does not raise the debt ceiling or suspend it in effect, the cash balance of the U.S. Treasury Department will fall to an insufficient level in October, and the federal government will be unable to pay the bills. The United States will default on debt. Economists of the Democratic and Republican parties and officials of the Treasury Department have formed an overwhelming consensus on this, believing that this will cause widespread “economic disaster.”
U.S. stocks in focus
Morgan Stanley: Economic indicators have begun to deteriorate, US stocks or a sharp correction
Morgan StanleySaid that as some economic indicators begin to deteriorate, the U.S. stock market may pull back sharply.
Morgan StanleyChief U.S. stock strategist Mike Wilson said in a report to clients that the market is at a fork in the direction of “ice” and “fire”, and it seems that it is beginning to go downhill.
According to the report, a typical mid-cycle “fire” situation (MidlandThe Reserve began to reduce monetary easing to cope with the overheating of the economy) will cause the S&P 500 index to correct a moderate and healthy 10% correction. However, the “ice” scenario (earnings corrections and higher-frequency macro data deceleration under the pressure of forward demand, supply chain issues and profit margins) began to look more likely and could lead to more damaging results ——That is, a correction of more than 20%.”
The Dow Jones Industrial Average fell for three consecutive weeks and fell again by more than 2% on Monday. When the market is weak, US stocks have not seen a correction of more than 5% for an unusually long period of time.
Morgan StanleySaid that factors that may prolong the market decline include lower earnings, weak consumer confidence, andPurchasing Managers Index(SMEs) Poor data. Wilson said that the end of the new crown rescue plan may make the process of economic normalization more difficult than many people expected.
The Democratic Party will suspend the debt ceiling and “bundling” funding with one stone or two birds with one stone or two birds with one stone?
As the US Treasury Secretary Yellen once again warned over the weekend that the debt ceiling issue will pose a serious risk, the Speaker of the House of Representatives Pelosi and Senate Majority Leader Schumer issued a joint statement on Monday, stating that the House of Representatives will introduce a joint statement this week. Item of legislation.
This legislation links the suspension of the U.S. debt ceiling with a mandatory interim spending bill that will maintain U.S. government funding until December 3.
U.S. stock company
Guo Mingchi: Apple is expected to launch a folding machine in 2024
Tianfeng SecuritiesAnalystGuo Mingchi released the latest report and pointed out that Apple previously predicted that Apple will launch iPhones and foldable iPhones that support under-screen fingerprints in the second half of 2022 and 2023, respectively. Because the development progress is lower than expected, the forecast is revised to support under-screen fingerprints and iPhone models. Folding iPhone will be postponed to the second half of 2023 and 2024 respectively.
FedEx and United Parcel freight rates increase annual growth rate of more than 4.9% for the first time in eight years
Federal Express(FDX.US) said on Monday that freight rates for most services will rise by an average of 5.9% next year. This is the first time that the company and its competitor, UPS.US, have increased their annual prices by more than 4.9% in eight years.During the epidemic, the market’s demand for delivery capabilities and door-to-door delivery of these companies has soared, and the pricing power has been transferred toFederal Express, United Parcel and other courier companies.United Parcel is expected to announce the rate of increase in freight rates for 2022 in the next few weeks, andFederal ExpressThe new freight rate will take effect on January 3 next year.
Shell agrees to sell Permian Basin shale assets to ConocoPhillips for US$9.5 billion in cash
Royal Dutch/Shell said on Monday that it will sell its assets in the largest oil field in the United States for $9.5 billion in cash.ConocoPhillipsInternational (ConocoPhillips).
According to reports, this transaction will expandConocoPhillipsIn the business scope of the Permian Basin, the Permian Basin is the center of the U.S. shale industry. For Shell, this is another step in its business focus from traditional oil and natural gas to renewable energy production.
Shell said in a statement that the cash proceeds from this transaction will be used for $7 billionshareholderAdditional allocations, and the rest will be used to further strengthen the balance sheet.
Jia Yueting said FF 91 voted to defeat the three luxury cars: Maybach, Rolls Royce, Lamborghini
On the afternoon of September 21, FF founder Jia Yueting postedWeiboSaid that FF 91 defeated Mercedes-Benz S Maybach,Rolls RoyceCullinan and Lamborghini Bison won the first place after dozens of real users, investors and FPO voting.
Affected by chip supply, Ideal Auto cuts its third quarter delivery plan
September 20,Ideal carreleaseannouncement, The announcement announced the delivery outlook for the third quarter of 2021. The article mentioned that due to the impact of the new crown epidemic in Malaysia,Ideal carThe special chip factory used by the millimeter-wave radar supplier severely cut production. Due to the slower recovery of chip supply than expected, the company expects its vehicle delivery volume in the third quarter of 2021 to be approximately 24,500 vehicles, which is lower than the previous forecast of 25,000 to 26,000 vehicles. The company will continue to monitor ongoing market conditions and maintain close cooperation with its supply chain partners to minimize the impact of chip shortages on its production.
The insiders of the ideal company revealed that the chip affected by the supply this time isIdeal carThe supplier of the millimeter wave radar used is Bosch. In the millimeter wave radar provided by Bosch, a core dedicated chip is missing. As far as we know, all vehicles on the market that use Bosch’s 5th generation millimeter wave radar will be affected.
(Article Source:Oriental wealthResearch center)
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