[U.S. stock market pre-market]The three major futures indexes all rose by more than 1%, and the LME suspended trading again after the resumption of London nickel trading; the world focuses on the Fed’s interest rate decision | Daily Economic News

March 16th US stock market news at a glance

①As of press time, Dow futures rose 1.19%, S&P 500 futures rose 1.35%, and Nasdaq futures rose 1.85%.
②At 16:00 on March 16, Beijing time, London Nickel resumed trading after a one-week suspension. After the opening bell, London nickel fell by the limit to $44,000/ton. Subsequently, the LME suspended nickel trading again, citing a system error.
③ Intel Corporation of the United States announced on March 15 that it plans to invest as much as 89 billion US dollars in the next 10 years to build a complete chip supply chain in Europe.
④ The yield on the 30-year U.S. Treasury bond rose, up to 2.533%, the highest level since August 2019.
⑤ BMW said on Wednesday it cut its 2022 profit margin forecast for its auto division due to the Ukraine conflict.
⑥The European Central Bank supervisory department recently asked European banks to strengthen the supervision of Russians and Belarusians. Regulatory measures include: not allowing large sums of money over 100,000 euros to be transferred in or out; not allowing new accounts to be opened; not approving new loan applications, etc.
⑦ Popular Chinese stocks rose before the market. As of press time, Pinduoduo and Bilibili rose by more than 30%, and Alibaba and JD.com rose by more than 20%.
⑧ According to data released by Japan’s Ministry of Finance on Wednesday, Japan’s exports in February increased by 19.1% year-on-year, while imports increased by 34% in the same period, resulting in a trade deficit of 668.3 billion yen.
⑨ On March 16, the Russian government was required to pay US$117 million in interest on two US dollar-denominated sovereign bonds. However, as Russia is sanctioned by Western countries and the means of payment are restricted, the Russian government may face its first international debt default since 1917.
⑩ At 20:30 Beijing time, the annual rate of Canadian CPI in February and the annual rate of core CPI in February; at 2:00 Beijing time on the 17th, the Federal Reserve announced the interest rate decision.

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