After the Russian-Ukrainian war and sanctions from Western countries affected U.S. stocks for several days, market risk sentiment rebounded, oil prices and gold prices fell, and U.S. stocks opened higher on Wednesday (9th). At the time of writing, the Dow Jones Industrial Average rose more than 600 points or nearly 1.91%, the Nasdaq Composite rose 2.42%, the S&P 500 rose 1.96%, and the Philadelphia Semiconductor Index rose 3.08%.
Russia and Ukraine will hold a new round of talks in Turkey tomorrow (10th). The market hopes that the two countries can coordinate through diplomatic channels to end the war as soon as possible. Although the two countries have conducted three rounds of negotiations, it seems that there is still a distance from the truce agreement. , so tomorrow’s negotiation results will be the focus of the market.
At the same time, commodities are also another focus for investors. With the United States, the United Kingdom, and the European Union expressing sanctions on Russian energy imports, international oil prices soared for a while, but then fell back, but they are still at the high point since 2008. . Before the deadline, the settlement price of Brent crude oil for May contract fell 4.99% to 121.60 per barrel. DollarWest Texas Intermediate (WTI) April contract settlement price fell 5.2627%, temporarily reported 117.19 per barrel Dollar。
With oil prices soaring, the U.S. inflation rate remains high. The market expects the Federal Reserve (Fed) will raise interest rates by one yard next week to quell inflation. Long-term high inflation will put pressure on U.S. economic growth. U.S. 10-year Treasury yields rose to 1.9200 percent.
cryptocurrencyOn the other hand, foreign media reports pointed out that Biden will sign an executive order this week with the goal of targetingcryptocurrencyEstablish a comprehensive regulatory framework, released as soon as Wednesday EST, Bitcoin,etherThe news rose sharply. Before the deadline, according to CoinGecko data, Bitcoin rose 8.7% in 24 hours to 42,109.80 Dollar，etherup 6.1 percent at 2,739.64 Dollar。
As of 22:00 on Wednesday (9th) Taipei time:
- The Dow Jones Industrial Average rose 623.66 points, or 1.91%, to 33,256.30
- The Nasdaq Composite added 306.67 points, or 2.40%, to trade at 13,106.85
- The S&P 500 rose 81.61 points, or 1.96%, to trade at 4,252.31
- Feihan rose 96.69 points or 3.06% to temporarily report 3,251.97 points
- TSMC ADR rose 3.14% to 103.14 per share Dollar
- 10-year U.S. Treasury yield rose to 1.9200%
- NY Light crude fell 4.77% to 117.80 a barrel Dollar
- Brent crude fell 4.81% to 121.83 a barrel Dollar
- Gold fell 2.34% to 1,995.40 an ounce Dollar
- DollarIndex fell to 98.19
Stocks in focus:
Bumble(BMBL-US) rose 39.20% to 23.19 per share in early trade Dollar
Dating app Bumble reports fourth-quarter revenue of 208.2 millionDollarprofit loss per share 0.08 Dollarboth lower than market estimates of 209.6 million and a loss per share of 0.02 Dollarbut the total number of paying users in the fourth quarter reached 3 million, an annual increase of 10.6%, and the ARPPU (average revenue per paying user) was 22.83 Dollaran increase of 2.81 over the same period last year Dollar。
In addition, Bumble also gave a good outlook, predicting that the annual revenue in 2022 will be between 934 million and 944 million.DollarBetween, the market consensus is 939.1 millionDollar; the company forecast first-quarter revenue to fall to 207 millionDollarto 210 millionDollarIn the meantime, the effects of the withdrawal from operations in Russia and Belarus have been included.
Stitch Fix(SFIX-US) fell 17.80% to 9.05 per share in early trade Dollar
Stitch Fix, an online shopping and styling services company, said it expects full-year revenue to be flat or down due to weak active user numbers in the first half of fiscal 2022 and uncertainty regarding the timing of improvements in conversion rates. Growth will remain in the high single digits, and it also cancels its full-year adjusted Ebitda growth forecast of 1% to 2%.
Stitch Fix’s second quarter (ending 1/29) revenue rose 3% year over year to 517 millionDollarlower than the company’s previous estimate of 505 million to 520 million range, and a loss of 30.9 million in the quarterDollara loss per share of 0.28 Dollarin line with market expectations, it is estimated that the revenue in the third quarter will decrease by 7% to 10% annually, between 485 million and 500 million.Dollarbetween, well below the previous estimate of 560.5 millionDollar。
Campbell Soup (CPB-US) rose 3.50% to 43.78 per share in early trade Dollar
Food company Campbell Soup Company reports $2.21 billion in revenue last quarterDollarslightly lower than the 2.28 billion in the same period last yearDollarless than the market estimate of 2.24 billionDollarearnings per share from 245 million a year agoDollaror 0.8 per share Dollardown to 212 millionDollar0.7 per share Dollar。
Today’s key economic data:
- U.S. JOLTs job openings report 11.263 million in January, compared to 10.925 million
- U.S. EIA crude oil inventory changes last week reported – 1.863 million barrels, expected – 1.25 million barrels, the previous value – 2.597 million barrels
Wall Street Analysis:
Ed Yardeni, a strategist at Yardeni Research, said: “As far as the U.S. economy is concerned, we are now seeing stagflation, inflation continues to rise, economic growth is lower than expected before the Russian-Ukrainian war, and the possibility of a recession cannot be ruled out. “
Ipek Ozkardeskaya, senior analyst at Credit Suisse, said the stock market was highly volatile as uncertainty emerged, noting that the gains were mostly driven by intraday trading, while long-term investors were leaving the market.
Victoria Fernandez, chief market strategist at Crossmark Global Investments, said that the duration of the Russian-Ukrainian invasion will inevitably put pressure on the European and American economies, and maintain a wait-and-see attitude towards the market.
