Overnight stock market
The world‘s major stock indexes were mixed, the Asia-Pacific stock market generally fell, and the European stock market generally rose.
The three major stock indexes in the New York stock market were mixed. Among them, the Dow fell 0.18%, the S&P index fell 0.15%, and the Nasdaq index rose 0.13%.
Commodity market
New York oil prices closed flat on the 16th. As of the close of the day, the price of light crude oil futures for October delivery on the New York Mercantile Exchange closed at US$72.61 per barrel, unchanged from the previous trading day; the price of London Brent crude oil futures for November delivery rose by US$0.21 to close at US$75.67 per barrel, an increase of 0.28%.
The most active December gold futures price on the New York Mercantile Exchange gold futures market fell 38.1 US dollars on the 16th from the previous trading day to close at 1756.7 US dollars per ounce, a decline of 2.12%. On the same day, the price of silver futures for December delivery fell by 1.007 US dollars to close at 22.794 US dollars per ounce, a decrease of 4.23%.
Market news
[China formally applied to join the “Comprehensive and Progressive Trans-Pacific Partnership Agreement” (CPTPP)]
Today, China’s Minister of Commerce Wang Wentao submitted a written letter from China’s official application to join the CPTPP to New Zealand’s Minister of Trade and Export Growth, O’Connor, the depositary of the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP). The ministers of the two countries also held a teleconference to communicate on the follow-up work related to China’s formal application for membership.
[Biden increases pressure on Congressional Democrats to advance its spending bill]
U.S. President Biden will increase pressure on Democrats in Congress on Thursday because differences within the party may threaten key parts of his economic agenda, including lowering prescription drug prices and his proposed tax increases for the wealthiest people in the United States. A White House official said that Biden’s speech at the White House on Thursday would urge Democrats to unite and focus on the difficulties faced by middle-class families. The recent repetition of the content of the bill on Capitol Hill has shown the limitations that Biden has faced in guiding the passage of the 3.5 trillion US dollar plan in Congress. Moderate Democrats are opposed to recent drug price negotiations and efforts to impose new taxes on the assets of the wealthiest groups.
[Yellen called McConnell to seek Republican support to raise the debt ceiling but was rejected]
McConnell, the minority leader of the U.S. Senate, rejected the request of the US Treasury Secretary Yellen to work together to raise the federal debt ceiling. In the next few weeks, the US federal debt ceiling may be broken, while the two sides are still in a stalemate. McConnell reiterated: “Democrats must use their own power to raise the debt ceiling, and they have the tools to do so.” Yelondon urged Congress to raise the debt ceiling as soon as possible. The Treasury Department took extraordinary measures to avoid breaking the debt ceiling. The measures may be used up as early as October.
[The U.S. Department of Homeland Security warns: Participants in a demonstration rally by right-wing groups on the 18th may use violence]
According to a CNN report on September 16, local time, the U.S. Department of Homeland Security warned that people who planned to participate in a right-wing group demonstration rally on the 18th “Justice for J6” (Justice for J6) Violence may be used, and violence may also occur on the 17th. The Department of Homeland Security previously estimated that 700 people will go to Washington, DC to participate in the demonstrations on the 18th. Participants claimed that they would support those accused of participating in the riots at the Capitol. Currently, Washington, DC, the United States is on high alert.
[French President Macron meets with German Chancellor Merkel in Paris]
On the evening of September 16, local time, French President Macron met with visiting German Chancellor Merkel at the Elysee Palace in the presidential palace. It is reported that this is Merkel’s last working visit to France during her tenure. Germany is expected to announce the candidate for the new prime minister on September 26. In the evening, Macron stated at a press conference before the welcome dinner that before the formation of the next German government, Merkel will continue to work hand in hand with Merkel on major issues and seek common solutions between France and Germany.
[The latest poll in the German general election released the Social Democratic Party’s support rate is 4% ahead of the Coalition Party]
According to the results of the latest “German Trend” poll released by German TV 1 on the evening of September 16 local time, the support rate of the Social Democratic Party is still ranked first, ahead of Chancellor Merkel’s coalition party and the candidate for the Prime Minister of the Social Democratic Party. Scholz’s personal approval rate also continues to lead. Polls show that the support rate of the Social Democratic Party is 26%, an increase of 1% from the previous survey; the support rate of the Coalition Party also increased slightly by 2%, ranking second with a support rate of 22%.
[EU announced the establishment of a health emergency preparedness and response agency]
On the 16th, the European Commission announced the establishment of an EU health emergency preparedness and response agency to “prevent, detect and quickly respond to health emergencies.” The European Commission issued a statement that day that the agency will use intelligence collection and establish the necessary response capabilities to predict threats and potential health crises. The agency will also ensure the development, production and distribution of drugs, vaccines and other medical supplies (such as gloves and masks).
[Unpublished data on the European Central Bank’s inflation expectations increase its probability of raising interest rates]
According to the Financial Times, according to unannounced internal scenario expectations, the European Central Bank expects to achieve its 2% inflation target by 2025. The model also indicates that the European Central Bank is expected to raise interest rates in the next two years. Some investors expect the European Central Bank to raise interest rates before the end of 2023.
The European Central Bank responded that the Financial Times’ previous statement that “unpublished ECB inflation expectations data increased the European Central Bank’s probability of raising interest rates” was inaccurate.
[Facebook releases new detection tools to combat organized network activities that promote conspiracy and violence]
Facebook launched a crackdown on users who promoted violence or conspiracy theories on the platform, first by shutting down a German Internet group that spread false information about the new crown virus. Nathaniel Gleicher, head of security policy at Facebook, said that the new tool announced on Thursday is designed to detect organized malicious activities. These activities are considered a threat, but not in line with the social media giant’s targeting of hate groups. Existing regulations.
[Canada approves Pfizer and Modena vaccines for people over 12 years old]
Health Canada announced through social media on September 16 local time that it officially approved the Pfizer and Modena new crown vaccines for all people over 12 years of age. Canada previously approved the temporary use of these two vaccines, and the temporary license order expired on September 16.
[Sister Mu Mu keeps selling Tesla and has cashed out US$266 million this month]
According to ARK Investment’s daily trading updates, ARK Innovation and ARK Next Generation Internet ETFs sold more than 81,600 Tesla shares on Wednesday. Calculated at the closing price, its value is approximately $62 million. So far, the Ark Fund has sold more than 350,000 Tesla shares in September. However, Tesla is still Cathie Wood’s largest holding.
[The U.S. Department of the Treasury believes that TEDA and other stable currencies pose an urgent risk]
U.S. Department of the Treasury officials believe that TEDA and other stablecoins pose an urgent risk, and are preparing to put forward proposals for stricter supervision of cryptocurrencies. They are also worried that the general low-price sell-off of cryptocurrency assets will threaten financial stability, and certain stablecoins may expand at a dangerous rate.
[Cuban cryptocurrency regulations take effect]
The decision to recognize cryptocurrencies such as Bitcoin (BTC) issued by the Central Bank of Cuba (BCC) has taken effect, and cryptocurrencies have now become a legal payment method for commercial transactions in Cuba. As cryptocurrencies are now legally recognized by the BCC, Bitcoin and other cryptocurrencies can now be used for commercial transactions and investments in Cuba.
[Salvadorian protesters against Bitcoin becoming legal tender burned Bitcoin ATMs]
The Central American country of El Salvador just became the first country in the world to use Bitcoin as legal tender last week. The 15th of this month coincided with El Salvador’s Independence Day. Thousands of demonstrators rushed to the streets of the capital San Salvador to protest against President Booker’s authoritarian push for Bitcoin to become the country’s legal tender. According to a report by the BBC on the 16th, “anti-bitcoin” protests have appeared in Saskatchewan since July, and the demonstrations on Independence Day pushed the protests to a climax. During the parade, someone smashed the street glass and burned a brand new Bitcoin ATM machine on the spot.