The U.S. and Russia will hold talks on the Ukraine issue. Investors are still nervous regarding geopolitical risks. U.S. stocks opened lower on Friday (18th), and the three major indexes rose slightly. At the time of writing, the Dow Jones Industrial Average rose 39 points or 0.1%, the Nasdaq Composite rose 0.2%, the S&P 500 rose 0.3%, and the Philadelphia Semiconductor Index edged down 0.2%.
U.S. Secretary of State Antony Blinken will meet with Russian Foreign Minister Sergei Lavrov next week, assuming Russia does not invade Ukraine further, in hopes that the talks will find a way to defuse the crisis and avoid conflict. U.S. President Joe Biden had previously warned that the possibility of a Russian invasion of Ukraine was “very high,” but Russia has repeatedly denied planning an attack.
Due to the diplomatic progress between Russia and Ukraine, international oil prices also fluctuated significantly on Friday. Before the deadline, West Texas crude oil fell 2.39% to 59.57 per barrel. DollarBrent crude fell 1.93% to 91.18 a barrel Dollar. U.S. 10-year Treasury yields fell to 1.9370 percent. Gold fell 0.14% to 1,899.30 an ounce Dollar。
The S&P 500 has fallen nearly 9% since January as the Federal Reserve prepares to raise interest rates. Traders predict that the central bank may raise interest rates several times starting next month with inflation data at a record high, and the uncertainty of the magnitude and number of interest rate hikes also worries traders.
In addition, there were 2.2 trillion on FridayDollarThe imminent expiry of options on 2019 may exacerbate market volatility. Although the specific impact of the options market on the stock market is difficult to quantify, a reliable decline has been established every third Friday of each month last year, the day when equity derivatives expire. model.
In terms of encrypted assets,bitcoinInvestors’ risk aversion is also being felt with other cryptocurrencies, according to CoinGecko data,bitcoin Down 4.3% in 24 hours at 40,496 Dollar，etherDown 4.2% at 2,884.64 Dollar.early this yearbitcoinThe price once dropped to regarding 34,000Dollarbut then gradually rebounded higher, currently remaining at 40,000Dollarabove.
Before the deadline at 22:00 on Friday (18th) Taipei time:
- The Dow Jones Industrial Average rose 39.04 points, or 0.11%, to 34,351.07
- The Nasdaq Composite added 32.48 points, or 0.23%, to trade at 13,747.76
- The S&P 500 rose 11.75 points, or 0.27%, to trade at 4,392.01
- Feihan fell 6.70 points or 0.20% to 3,416.08
- TSMC ADR up 0.20% to 120.00 per share Dollar
- 10-year U.S. Treasury yield fell to 1.937%
- NY Light crude fell 2.55% to 89.42 a barrel Dollar
- Brent crude fell 2.10% to 91.02 a barrel Dollar
- Gold fell 0.14% to 1,899.30 an ounce Dollar
- DollarIndex rose to 95.96
Stocks in focus:
Year(YEAR-US) fell 24.23% to 109.65 per share in early trade Dollar。
Due to the impact of supply chain problems, Roku, a major streaming video equipment manufacturer, recently announced that its fourth quarter financial report was worse than the first quarter of this year, and its fourth quarter revenue was reported to be 865.3 million.Dollarlower than the market estimate of 894 millionDollarlast quarter’s adjusted earnings per share reported 0.17 Dollarbetter than the estimated 0.09 Dollar。
Roku’s quarterly earnings forecast is bleak, with revenue expected to be 720 millionDollarAdjusted EBITDA was 55 millionDollarboth fell short of market estimates of 748.5 million and 79.2 millionDollar。
Deere(DE-US) rose 0.39% to 382 per share in early trade Dollar。
Deere, the world’s largest agricultural machinery manufacturer, announced its first-quarter financial report for the 2022 fiscal year before the market. Despite the impact of the supply chain and the epidemic, which led to rising production costs, Deere still delivered a dazzling transcript. Last quarter’s revenue increased by 5% year-on-year to 95.69 100 millionDollarearnings per share reported 2.92 Dollarboth better than FactSet estimates of 8.28 billion and 2.27 billion Dollar。
Deere is optimistic regarding the strong demand for agricultural machinery in the future, raising its full-year profit forecast to 6.7-7.1 billionDollarhigher than the previous 6.5-7 billionDollar。
Draftkings(DKNG-US) fell 15.19% to 18.62 per share in early trade Dollar。
Draftkings, an online sports betting company, announced strong financial results for the fourth quarter of the 2021 fiscal year and raised its full-year revenue forecast for 2022. The previous quarter’s revenue was reported to be 473 millionDollaran adjusted loss per share of 0.35 Dollarbetter than the market estimate of 446 millionDollarwith a loss per share of 0.81 Dollar.But the company expects an adjusted EBIDTA loss of 825 million to 925 million in 2022Dollarfar less than analysts’ estimates of 699 millionDollarloss.
Key Economic Data:
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Wall Street Analysis:
Wai Ho Leong, a strategist at Modular Asset Management, said that the stock market has been affected by geopolitical turmoil recently, and will continue to be affected by news from Russia and Ukraine and the interaction between the two countries in the future. This will be the case for the stock market until there is a fundamental breakthrough in the negotiations.
Hani Redha, portfolio manager at PineBridge Investments, said the war between Russia and Ukraine would disrupt the supply of vital commodities, prolonging high inflation in developed countries, and expects that as investors assess the direction of the conflict between the two countries and central bank policy , the stock market will continue to be volatile.
