The data showed that the US inflation has cooled, boosting the prospect of a soft landing for the US economy. As the U.S. dollar fell, oil prices rose, energy stocks rose strongly, and the four major indexes closed higher.
Dow JonesIt received more than 200 points in red, and the S&P edged up more than 0.3%.That fingerRising more than 0.6%, closing in red for the fifth consecutive trading day, TSMC’s ADR soared more than 6%, leading thefee halfStrong rose more than 1%.
In terms of data, the U.S. consumer price index (CPI) increased by 6.5% in December last year, in line with market expectations, while the core CPI increased by 5.7%, lower than 6% in November, in line with market expectations, the lowest since December 2021 , Strengthening the market’s expectations that the Fed will further slow down the pace of interest rate hikes.
At the same time, the adjusted number of initial jobless claims in the United States reported 205,000 last week, lower than market expectations, highlighting that the job market remains tight.
In terms of politics and economy, Patrick Harker, a member of the Federal Open Market Committee (FOMC) this year and President of the Federal Reserve Bank of Philadelphia, favors raising interest rates by 1 yard next time. “The Fed is expected to raise interest rates a few more times this year, but the period of raising interest rates by 3 yards at a time is over. I think it is appropriate to reduce the rate hike to 1 yard each time,” he said on Thursday.
However, Richmond Federal Reserve Bank President Thomas Barkin said that although inflation is slowing, it is still too high, and he prefers to slow down the pace of raising interest rates, and the end point is higher than expected.
James Bullard, the hawk general and president of the Federal Reserve Bank of St. Louis, pointed out that the December CPI report was encouraging. The Fed’s policy of raising interest rates early last year was successful and should continue. He is inclined to raise interest rates to 5.0 as soon as possible % above.
Wall Street Journal (WSJ) reporter Nick Timiraos, who is widely recognized as the Fed’s megaphone, revealed on Thursday that the CPI report shows that Fed officials will consider raising interest rates smaller than in the past, implying a 1 yard hike in February The big picture is settled.
The global new crown pneumonia (COVID-19) epidemic continues to spread. Before the deadline, the Johns Hopkins University (Johns Hopkins University) data pointed out that the number of confirmed cases worldwide has exceeded 666 million, and the number of deaths has exceeded 6.71 million. More than 12.7 billion doses of vaccines have been administered in 184 countries around the world.
On Thursday (12th), the performance of the four major US stock indexes:
Focus stocks
The five kings of science and technology have their ups and downs. apple (AAPL-US) down 0.060%; Alphabet (GOOGL-US) down 0.43%; Microsoft (MSFT-US) up 1.16%; Meta (META-US) rose 2.87%; Amazon (AMZN-US) rose 0.19%.
Dow JonesConstituent stocks rose more and fell less. Disney (DIS-US) rose 3.61%; Salesforce (CRM-US) rose 3.24%; Boeing (BA-US) rose 3.02%; Coca-Cola (KO-US) down 1.29%; Walgreens Boots (WBA-US) fell 1.24%.
fee halfConstituent stocks received more dividends. NVIDIA (NVDA-US) rose 3.19%; AMD (AMD-US) rose 2.52%; Applied Materials (AMAT-US) rose 0.13%; Texas Instruments (TXN-US) down 0.41%; Intel (INTC-US) rose 1.47%; Qualcomm (QCOM-US) up 2.70%; Micron (MU-US) down 1.36%.
Taiwan stocks ADR led by TSMC. TSMC ADR (TSM-US) rose 6.38%; ASE ADR (ASX-US) up 0.57%; UMC ADR (UMC-US) rose 1.75%; Chunghwa Telecom ADR (CHT US) fell 0.03%.
Corporate News
TSMC ADR (TSM-US) rose 6.38% to US$87.00 per share, and the conversion price was 529.83 yuan, with a discount rate of 8.91%. The leading wafer foundry TSMC’s financial report last year and this year’s outlook are roughly in line with market expectations. President Wei Zhejia is optimistic that the destocking of customers will come to an end. Operations will pick up in the second half of the year. Revenue in US dollars will grow compared with the same period last year, and will grow slightly for the whole year. better than the overall industry average.
Tesla (TSLA-US) rose 0.28 percent to $123.56 a share. Foreign media quoted sources on Thursday as reporting that the third phase of the expansion plan for Tesla’s Shanghai factory, the leading American electric vehicle manufacturer, has been delayed.
Retail investors continue to buy bottoms, North American furniture chain retailer Bed Bath & Beyond (BBBY-US) rose 50.14% to $5.24 per share.
American airlines (AAL-US) soared 9.71 percent to $16.83 a share. American Airlines raised its revenue and profit forecast for the fourth quarter of last year, citing strong demand and high fares as the main reasons for the upward revision. The company will release its latest earnings report on January 26.
The world’s leading brand of keyboard and mouse Logitech (Logitech) (LOGI-US) plummeted 16.86% to $56.66 per share. The announcement of the preliminary financial report (as of December 31) shows that sales and profits have declined. Sales are expected to drop by more than 20% annually, and revenue is expected to drop by more than 30%. The main reason is the slowdown in corporate sales.
Economic data
- U.S. December CPI annual rate reported 6.5%, expected 6.5%, previous value 7.1%
- U.S. December CPI monthly rate reported -0.1%, expected 0%, previous value 0.1%
- U.S. core CPI annual rate in December reported 5.7%, expected 5.7%, previous value 6%
- The core CPI monthly rate in the United States in December was 0.3%, expected 0.3%, and the previous value was 0.2%
- The number of people claiming unemployment benefits in the United States reported 205,000 last week, expected 215,000, and the previous value was 206,000
- The number of Americans continuing to receive unemployment benefits last week was reported at 1.634 million, expected to be 1.705 million, and the previous value was 1.697 million
Wall Street Analysis
“The CPI numbers are clearly moving in the right direction, but not very fast, so the battle between bulls and bears continued Thursday morning,” said Dennis Dick, market structure analyst and trader at Triple D Trading.
“Soft inflation data and a strong labor market do support the ‘Goldilocks economy’ and will certainly spark debate at the FOMC over rate hikes,” said Ipek Ozkardeskaya, senior analyst at Swissquote Bank.
Thomas Costerg, senior U.S. economist at Pictet Wealth Management in New York, said: “The service sector inflation trend appears to be weakening. That’s what the Fed is looking at, and that means a quarter hike on Feb. 1 is more likely.”
Simona Mocuta, chief economist at State Street Global Advisors, judged: “The Fed is too early to declare that it has defeated inflation. They will be very cautious in expressing this, even if they may only raise interest rates by one yard next time, reflecting the data There has been an improvement, but I don’t think the FOMC rhetoric will change dramatically.”
Solomon Tadesse, head of quantitative securities strategy for Societe Generale North America, said: “It is too early for the Fed to turn. Even if the Fed stops raising interest rates, it will keep interest rates higher for a longer period of time.”
The numbers are all updated before the deadline, please refer to the actual quotation
