(Original title: 5 major events in the financial market today: the dollar fell to a two-month low, and the number of hospitalizations for the new crown in the United States reached a new high)
Investing.com – Here are 5 big things to know about the financial markets on Thursday, January 13:
1.Dollar falls to two-month low
The dollar fell to a two-month low on Thursday, a sign that global markets have priced in the risk that the Federal Reserve will tighten monetary policy.
As of 20:44 Beijing time (08:44 a.m. ET), the U.S. dollar index futures, which measure the trend of the U.S. dollar against six trade-weighted major currencies, fell 0.15% to 94.755, after falling to 94.690 during the session, which was last year’s November 10. low since.
A day earlier, data showed that the annual rate of the US CPI reached 7%, the highest level since 1982, but in line with market expectations, it is unlikely to further promote the Fed to increase its tightening policy.
At the same time, Fed officials again indicated that they may raise interest rates at least three times this year. Philadelphia Fed President Patrick Harker said in an interview that he is open to three or more rate hikes this year. However, markets had already priced in a rate hike earlier this week.
Within days, Lael Brainard will appear at a hearing on his nomination to serve as the Fed’s vice-chairman. According to his prepared speech, the focus is on reducing inflation.
2.AmericaPPI, Unemployment benefits data to be released soon
At 21:30 Beijing time (08:30 a.m. EST), the United States will release the producer value index (PPI) for December.
Analysts expect the overall PPI monthly rate to be 0.4%, the smallest monthly increase in a year, while the core PPI monthly rate is expected to rise 0.5%, the increase has also become moderate.
The U.S. will also report initial jobless claims, which are expected to remain near a post-pandemic low of 200,000.
3.U.S. stock futures edge up after Delta Air Lines earnings beat expectations
U.S. stock futures edged up as investors awaited a new round of earnings. Meanwhile, the ongoing Omicron outbreak in the U.S. may have also capped gains and weighed on first-quarter guidance.
According to Investing.com’s U.S. stock market quotations, as of 20:42 Beijing time (08:42 a.m. EST), Dow futures, dominated by blue-chip stocks, rose 46.1 points, or 0.13%, and S&P 500 futures rose 2.9 points, or about 0.07%, and futures on the tech-heavy Nasdaq 100 rose 17.5 points, or 0.11%.
At the same time, the U.S. 10-year Treasury bond yield ended a correction, rising to a level of 1.75%.
In terms of individual stocks, Delta Air Lines (NYSE: DAL) rose more than 2% before the market, and fourth-quarter earnings and revenue both exceeded expectations, mainly due to strong holiday demand. But the company also said Omicron could delay a 60-day recovery in travel demand and lose money in the first quarter of this year.
4.U.S. coronavirus-related hospitalizations hit record high
According to reports from the U.S. Department of Health and Human Services, more than 151,000 Americans were hospitalized with the new crown nationwide on Wednesday (12th), a record high.
A forecast released by the US Centers for Disease Control and Prevention (CDC) believes that more than 62,000 people in the United States may die from the new crown in the next four weeks.
Meanwhile, France added more than 360,000 new crown cases for two consecutive days on Wednesday, but the country still decided to ease travel restrictions on the United Kingdom, arguing that the rate of community transmission was so high that economic-destroying restrictions were not necessary. Remedy, just lie down.
On the other hand, according to reports, affected by the current round of the new crown pneumonia epidemic in Tianjin, the Volkswagen Automatic Transmission (Tianjin) plant and the FAW-Volkswagen Tianjin plant have been closed on Monday. In addition, Toyota’s joint-venture plant in Tianjin also began to stop production on Monday.
5.Oil hits two-month high
Crude oil prices were higher thanks to a lower dollar and low inventories.
The U.S. Strategic Petroleum Reserve was reduced to the equivalent of less than 100 days’ worth of imports after the U.S. Department of Energy’s most recent reserve sale, according to tanker-tracking firm Samir Madani, while international agreements require the U.S. and other advanced economies to stockpile at least 90 days’ worth of imports .
However, inventories data released by the U.S. government on Wednesday showed another sharp rise in gasoline inventories, suggesting that end-use fuel demand is under pressure as the Omicron outbreak hits.
As of 20:43 Beijing time (07:43 a.m. EST), the British Investing.com commodity market showed that the U.S. WTI crude oil futures price fell 45 cents, or 0.54%, to $82.19 per barrel; Brent Crude oil futures fell 28 cents, or 0.34%, to $84.39 a barrel.
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