1. Pre-market performance of U.S. stock futures (4:28 p.m. Taipei time):
Dow Jones Index: down 204 points, or -0.60%, to 34035.
Nasdaq 100 Index: down 128.25, or -1.08%, to 11740.75.
S&P 500 Index: down 32.25, or -0.80%, to 3998.50.
[Today’s General Manager]US retail sales, Philadelphia Fed Quasi-manufacturing index。
Yesterday, the US Federal Reserve raised interest rates by 2 yards, raising the policy rate range to 4.25%~4.5%, as expected by the market. However, Powell’s hawkish remarks at the post-meeting press conference, saying that the policy rate will remain at a high level for a period of time, may reduce the possibility of a soft landing. In addition, judging from the dot plot, the terminal interest rate is estimated to be between 5% and 5.25%, which is higher than the original market expectation, resulting in the last three major US stock indexes closing in black yesterday.
2. The key points before the US stock market
1. The Ebola vaccine developed by Johnson & Johnson (JNJ.US) and Merck (MRK.US) produced long-lasting antibodies in children and adults: The Ebola vaccine developed by Johnson & Johnson and Merck announced its research results yesterday. The vaccine is safe for both children and adults, and according to research data in West Africa, the vaccines developed by the two companies produced antibodies 14 days following the first vaccination, and within a year, children and adults All can detect different levels of antibodies.(Extended recommended reading: How to buy U.S. stocks? Tell you the re-entrustment account opening process!)
2. Musk sold another $3.5 billion in Tesla shares this week: After Tesla announced the acquisition of Twitter this year and the stock split in August, the stock price began to fall continuously. Since the end of September, Tesla shares have fallen 40%, while the S&P has risen 12%. After falling another 2.58% yesterday, the market value of Tesla’s stock rarely fell below $500 billion. This morning, it was revealed that Musk sold another $3.5 billion in Tesla stock this week, which was the second sale following Musk’s acquisition of Twitter. Tesla stock.
Separately, Tesla has prepared its Berlin plant for a three-shift operation, which might begin as soon as tomorrow. In the three-shift system, one shift will be rotated every 8 hours, and the start time of the three shifts will be 6 o’clock, 14 o’clock and 22 o’clock, which will realize 24-hour operation.
3. Microsoft will launch a “data border” for EU customers: Since the EU launched the General Data Protection Regulation (GDPR) in 2018 to protect user privacy, large companies have become more vigilant regarding the international flow of customer data. In order to support the needs of EU and EFTA customers, Microsoft today said that its EU customers will be able to process and store some data in the region from January 1 next year, and the phased rollout of EU data will apply to all Microsoft core Cloud services, including Azure, Microsoft 365, Power Platform, and Power BI platforms. This will greatly reduce the flow of data out of Europe, which will lead to the establishment of data residency solutions in the industry.
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