Negotiations between Russia and Ukraine showed a turning point, international oil prices fell, the market expected the Federal Reserve (Fed) to tighten policy to curb inflation, and U.S. bond yields rose. U.S. stocks were mixed on Monday (14th). Before the deadline,Dow Jones Industrial Averageup 0.49%,S&P 500 Indexup 0.28%,NasdaqThe index fell 0.33%,half feefell nearly 1%.
The war between Russia and Ukraine continued for the 19th day. The two sides held the fourth round of negotiations on Monday. Unlike the previous three negotiations, the negotiations were conducted through video conferences, and both sides released optimistic signals before the meeting. Russia has not ruled out the two countries. Possibility of presidential talks.
As the negotiations between the two countries showed a turning point, the international oil price fell, and before the deadline,Brent Crude The settlement price of the May contract fell 5.33% to 106.67 per barrel DollarWest Texas Intermediate crude oil (WTI) April contract settlement price fell 5.85%, temporarily reported 102.93 per barrel Dollar。
The market turned optimistic about the Russia-Ukraine war, and the Fed was almost certain to announce a rate hike after this week’s monetary policy meeting, and investors fled government bonds.
In terms of Chinese concept stocks, the U.S. Securities and Exchange Commission (SEC) named 5 Chinese concept stocks last week that they may face a crisis of delisting and delisting due to audit problems. The news continued to affect the performance of Chinese concept stocks in early trading on Monday. Five Chinese concept stocks named Yum China (YUMC-US), BeiGene (BGNE-US), Zai Lab (ZLAB-US), Shengmei Semiconductor ( )ACMR-US), Chi-Med Pharmaceutical (HCM-US) fell together.
In addition, China’s technology center Shenzhen was closed due to the new crown epidemic, and Chinese e-commerce company stocks were hit hard, with Alibaba (BABA-US) fell more than 6% in early trading, JD.com (JD-US) plummeted nearly 15%.
As of 21:00 on Monday (14th) Taipei time:
Stocks in focus:
Ford (F-US) edged down 0.12% to 16.02 per share in early trade Dollar
Ford said it will expand its electric vehicle (EV) lineup by launching seven new models over the next two years, covering a range of passenger cars and commercial vans, with a goal of selling more than 600,000 battery-powered vehicles, and said it also Double the investment in its main European production site in Cologne, Germany to 2 billionDollarto produce electric vehicles and build a battery assembly plant from 2024.
Occidental Petroleum (OXY-US) fell 6.61% to 54.12 per share in early trade Dollar
Occidental Petroleum was downgraded to “equal-weight” from “overweight” by Morgan Stanley, which pointed out that although the company has outperformed its peers in recent months, it is currently The valuation of Occidental Petroleum is relatively attractive, and Occidental Petroleum shares are also lower as oil prices fall.
Coupang(CPNG-US) fell 6.72% to 16.25 per share in early trade Dollar
SoftBank’s Vision Fund has sold its stake in South Korea’s largest e-commerce company Coupang for $1 billion, according to a regulatory filing.Dollarshares, the second sale of Coupang shares in recent months.
Today’s key economic data:
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Wall Street Analysis:
Louise Dudley, head of global equity portfolios at Federated Hermes, said that global stock markets are volatile and market sentiment is volatile, while the surge in commodity prices has increased the risk of recession. It is estimated that geopolitical uncertainty will persist, and oil prices will continue to fluctuate in the short term.
Edward Park, chief investment officer of Brooks Macdonald, said that the important thing is that the negotiations between the representatives of Russia and Ukraine have emerged, which is different from the deadlock in the negotiations last week. However, if the negotiations are suspended or develop in the wrong direction, the stock market will inevitably have the risk of volatility in the short term.
CMC Markets analyst Tina Teng said oil prices will continue to ease this week as investors have been pricing in the impact of sanctions on Russia, while Russia and Ukraine have also shown signs of negotiating a ceasefire.He believes that with markets already pricing in supply constraints from February to early March, the focus is turning to monetary policy at Wednesday’s Federal Open Market Committee (FOMC) meeting, which could provide a further boostDollarand put pressure on commodity prices.