The three major U.S. stock index futures rose collectively. The Dow futures rose 0.89%, the Nasdaq futures rose 1.25%, and the S&P 500 index futures rose 0.95%.
Global macro
McConnell “relaxed” to allow a short-term increase in the debt ceiling, the two parties are more likely to return to the negotiating table
On Wednesday (October 6), the U.S. Senate minority leader and Republican Mitch McConnell (Mitch McConnell) allowed a short-term increase in the debt ceiling, valid until the end of November, to reduce the direct risk of default.
McConnell atTwitterA statement was issued saying that he agreed to raise the debt ceiling to a fixed amount to allow the Ministry of Finance to spend December. He added that the senators will continue to discuss the debt ceiling and allow Congress to use normal procedures to extend the emergency debt ceiling.
The Democrats originally packaged the “increasing debt ceiling” and the “3.5 trillion spending bill”, which gave Republicans in the Senate only two options: Either avoid the government shutdown and pass the two bills at the same time; or they can only watch the Democrats. The settlement process was passed unilaterally by a small minority.
In this regard, McConnell wrote, “The Democrats have created inflation, border, Afghanistan and other crises, and now they have to increase the risk of debt default.” He pointed out that “unless the Democrats stop spending plans, talks between the two parties are possible. of”.
“Oil and gas shortage” swept Europe?British gas soared 39% intraday Putin: Russia will help stabilize the natural gas market
On Wednesday local time, the three major US stock indexes rose collectively. The Nasdaq rose 0.47%, the S&P 500 rose 0.41%, and the Dow rose 0.3%.
On the news, the U.S. Senate minority leader and Republican Mitch McConnell (Mitch McConnell) allowed a temporary increase in the debt ceiling, valid until the end of November, in order to reduce the direct risk of default.
McConnell atTwitterA statement was issued saying that he agreed to raise the debt ceiling to a fixed amount to allow the Ministry of Finance to spend December. He added that the senators will continue to discuss the debt ceiling and allow Congress to use normal procedures to extend the emergency debt ceiling.
JPMorgan Chase: The market can withstand oil prices rising to $130 and U.S. bond yields soaring to 2.5%
AlthoughGlobal stock marketIt was sold off amid soaring bond yields and energy prices, butJPMorganA strategist led by Marko Kolanovic, co-head of global research, gave a reassuring prediction:The market and economy can afford much higher Treasury bond yields andOil price。
WTI crude oil futures have now exceeded US$75 per barrel, a record high since 2014. But strategists pointed out that from the recent history from 2010 to 2015, the U.S. economy and consumers still performed well when the average WTI crude oil price reached $100. In fact, their model shows that after adjusting for factors such as inflation and consumer purchasing power,It won’t cause much trouble if the price of oil rises to around US$130 to US$150.。
At the same time, they said that the market is overly concerned about rising yields. Given the profitability of U.S. companies and the valuation premium of stocks relative to bonds, strategists believe thatEven if the 10-year U.S. Treasury bond yield reaches 2.5%, which is about 100 basis points higher than the current level, U.S. stocks can digest。
Not enough containers worldwide!Coca-Cola is shipped by bulk carrier
What should I do if I can’t get a box, book a space, or rent a boat?Encounter extreme situationsCoca ColaThe company made a “curious trick”-leasing three bulk carriers for the transportation of raw materials equivalent to 2,800 TEU (20-foot container) cargo.
This shows that with the long-termcontractFreight rates continue to rise, and low-value bagged goods are returning to the bulk carrier market.
Coca ColaAlan Smith, the company’s procurement director, said on social platforms a few days ago that because of the inability to obtain containers and space,Coca ColaThe company had to rent three small bulk carriers for the transportation of raw materials to ensure the normal operation of its production lines around the world.
U.S. stocks in focus
Facebook shareholders will be in big trouble?Professional investors say Zuckerberg is best to step down
After Facebook (FB.US) “whistleblower” Frances Haugen testified to the US Congress and the previous “downtime” for nearly 7 hours, Facebook’s stock price rose slightly on Wednesday, but it also fell by about 3% from a week ago.
However, Keith Fitz-Gerald, chief investment officer of Fitz-Gerald Group, believes that in this dispute, Facebook’s stock may not be as “flexible” as it used to be. Fitz-Gerald said: “As the whistleblower said, I think the responsibility lies with Zuckerberg, and this has some serious problems, I think the stock may not be able to withdraw from this incident.”
Haugen was previously a Facebook employee. After resigning, he handed over thousands of pages of Facebook’s internal research and communications to the US Securities and Exchange Commission and reported Facebook. She stated in Congress that Facebook’s products hurt children and aggravated the polarization of the United States, but the company’s top executives put their interests above public safety and refused to make changes, pointing to the founder Zuckerberg’s unshirkable responsibility for this.
U.S. stocks reversed! European stocks fell! Oil prices have fallen!What happened at the market this night
On Wednesday, US time, US stocks staged a “V”-shaped trend.The market opened lower because the improvement in the private sector employment data in the United States in September increased investors’ concerns aboutMidlandUneasy feelings about the cancellation of economic stimulus measures by the Reserve Bank. The three major stock indexes fell more than 1% in intraday trading. But the decline narrowed in late trading.
By the end of the day, the three major stock indexes had all turned declines into gains, but the gains were all below 0.5%. Among them, technology and energy stocks generally rose, mainly because investors believed that the US debt ceiling deadlock might turn for the better.
US Senate Republican Leader McConnell proposed on Wednesday: Allow the emergency debt ceiling to be extended to December to avoid the country’s debt default and economic crisis.he isTwitterA statement issued on the said, “In order to protect the American people from the recent crisis created by the Democratic Party, we will allow the Democratic Party to use normal procedures to extend the emergency debt limit with a fixed dollar amount to cover the current level of expenditure until December.”
U.S. stock company
Tesla has raised prices again!The price of some models in the U.S. rises by US$1,000. Manufacturing costs rise in the industry
recently,TeslaAdjusted the US price of Model 3/Y on the official website, and some versions increased the price by $1,000.
Industry insiders pointed out that the rising cost of manufacturing new energy vehicles has led to adjustments in the sales prices of some auto companies. In terms of raw materials, the market is currently in short supply, and prices may continue to rise in the future.
General Motors plans to double revenue by 2030. Expected operating margins of 12%-14%
Wednesday,General Motors(GM.US) plans to double its annual revenue by 2030 to reach US$280 billion. The company is transitioning to pure electric vehicles and diversifying its business beyond just selling cars and trucks.
The company announced new revenue targets and expected operating profit margins of 12%-14% before the investor presentation. The two-day investor meeting will detail how the company plans to achieve these goals through traditional automotive business, new software, and data-centric businesses.
A company spokesperson said that the revenue target is based on the company’s rolling average of $140 billion in annual revenue in recent years.General MotorsLast year’s revenue was close to 122.5 billion U.S. dollars, a decrease of 10.8% compared to 2019. This was mainly due to the closure of factories at the beginning of the new crown epidemic; the company’s operating profit margin in 2020 was 7.9%.
(Source: Hafu Information)
.