2023-10-19 16:43:00
U.S. Federal Reserve Chairman Powell said that U.S. inflation is still too high and may need to slow down economic growth to bring it down. Considering the existing interest rate increases and risks, the Federal Open Market Committee is cautiously advancing the pace of interest rate increases and the economy Strong additional evidence may support further rate hikes. He said interest rates may not be high enough for long enough; evidence suggests current policies are not too tight.
Powell also noted that financial conditions have tightened due to rising long-term bond yields, and noted that continued changes in financial conditions may have an impact on the path of monetary policy. Returning inflation to 2% may require a period of below-trend growth and further softening of labor market conditions. After Powell’s speech, the U.S. dollar index briefly fell below 106, and the U.S. 10-year bond interest rate also briefly weakened.
The market is worried regarding the Federal Reserve raising interest rates, and U.S. stocks have fluctuated repeatedly. After Powell’s speech, the Dow Jones Industrial Average rose 187 points, and bond interest rates surged once more in the end. The Dow Jones Industrial Average once fell 296 points. As of 4 o’clock this morning (i.e., the market close), the Dow Jones Industrial Average fell 296 points. The index fell 250 points to 33,414 points; the S&P 500 fell 36 points to 4,278 points; the Nasdaq fell 128 points or 0.96% to 13,186 points. The long-term bond yield was 4.987%; in terms of focus stocks, Tesla (US: TSLA) stock price fell 9.3% following announcing its quarterly results.
Mohamed El-Erian, chief economic adviser to Allianz, believes that the Reserve Bank should rely less on lagging data to decide monetary policy. It is a mistake for the Reserve Bank to still set an inflation target of 2%. This is just an illusion on the part of the Reserve Bank. , which will lead to deviations in its monetary policy and create great uncertainty.
The number of U.S. unemployment claims fell to 198,000 last week, lower than the 210,000 expected and 211,000 last week. The number of continuous claims for unemployment benefits in the previous week rose from 1.705 million to 1.734 million, higher than the 1.71 million expected. . The Philadelphia Fed Manufacturing Index in October was negative 9, lower than the expected negative 7, and the previous value was negative 13.5.
The market is increasingly concerned regarding the probability of the Federal Reserve raising interest rates in the next few meetings. CME Fedwatch’s latest forecast is that the probability of the Federal Reserve raising interest rates in January next year has risen to 48%. U.S. bond interest rates continued to rise, reaching a high of 4.992%, approaching the 5% mark, and were temporarily at 4.9535%. But Bank of America believes that the stock market has gradually shrugged off the impact of bond market volatility. The bank believes that corporate bonds and stocks have been moving at their own pace in recent weeks, rather than following the trend of U.S. Treasuries. It is a relatively optimistic signal regarding economic growth and is boosting risk appetite.
The bank’s analysis shows that the 20-day positive correlation between U.S. investment-grade bond spreads and the 10-year Treasury yield has fallen to 21% from 53% in early September. At the same time, the negative correlation between Treasury yields and stocks has fallen to 24% from 85% in early August.
U.S. second-hand home sales fell 2% month-on-month in September, while market expectations were for a 3.7% decline. On an annual basis, the seasonally adjusted number of units in September was 3.96 million units, a new low since 2010. The market expected 3.89 million units.
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Current market trend:
[01:23]Spot gold’s gains expanded to US$11, with the highest price at US$1,972.13/oz. It was the first time since July 31 to break the US$1,970/oz mark, which means the market rose by more than 1%.
[01:21]Spot gold continues to rise, rising $5 to $1,966.61 per ounce, or 0.94%.
【01：06】According to a report by Russia Today TV on the 19th, a senior Egyptian official confirmed that the Rafah port will be opened on the 20th, when humanitarian aid will be able to enter the Gaza Strip. The official also revealed that the United Nations Secretary-General will arrive at the Rafah port on the morning of October 20 to supervise the entry of 20 aid vehicles into the Gaza Strip.
[00:06]TRADERX Market Analyst MICHAEL BROWN: After Powell initially spoke, the dollar had some decent declines, probably more than people expected. It’s clear that markets are interpreting Powell’s comments regarding tightening financial conditions as potentially signaling the end of the tightening cycle.
[00:40]Powell: The rise in U.S. bond yields has nothing to do with expectations of rising U.S. inflation.
[00:37]The U.S. 30-year Treasury bond yield rose 10 basis points to 5.10%.
【00：36】On the 19th local time, the Times of Israel quoted the Israeli Ministry of Defense as saying that Israeli Defense Minister Galante told the Israeli army at the border of the Gaza Strip that the order to attack the Gaza Strip would be issued soon.
[00:34]Federal Reserve Chairman Powell: The evidence shows that the current monetary policy is not too tight, and it also shows that the U.S. economy can cope with higher interest rates. The Fed’s problem is trying to get the policy right to get inflation down to 2%.
[00:25]The European Union restarted its review of Adobe’s acquisition of Figma and set February 5, 2024 as the deadline for ruling on the transaction.
[00:08]Market information: The U.S. swap market has lowered expectations for another rate hike by the Federal Reserve.
[00:08]Non-US currencies rose. The euro rose 60 points once morest the U.S. dollar and then fell back, now at 1.0598. The pound once morest the U.S. dollar rose 66 points in the short term and is now at 1.2178.
[00:08]U.S. Federal Reserve Chairman Powell said that U.S. inflation is still too high and may need to slow down economic growth to bring it down, and the U.S. exchange rate index weakened
[00:02]The yield on the two-year U.S. Treasury note plunged by more than 4 basis points, and overall turned lower, reaching as low as 5.1821% on the refresh day.
[00:02]U.S. Federal Reserve Chairman Powell: Given the risks, the FOMC has so far been cautious in advancing interest rate increases, and additional evidence of a strong economy may support interest rate increases.
[23:45]European stocks closed lower, with German stocks down 0.3%, French stocks down 0.6%, British stocks down 1.2%, and the pan-European STOXX 600 index down 1.2%.
[23:41]Spot gold rose by 0.5% to US$1,957.62 per ounce.
[22:25]The U.S. bond yield is 4.95%. The Dow fell 66 points and the Nasdaq rose 0.2%. Tesla fell 8% and Netflix rose 16%.
[21:30]The Dow rose 13 points, the Nasdaq rose 0.4%, Tesla fell 5%, Netflix rose 14%
[20:30][U.S. Economic Data]The number of unemployment benefits in the United States fell to 198,000 last week, lower than expected
[18:35]U.S. Treasury yields fell 5%. Dow futures fell 10 points. Tesla fell 5% before the market opened. Netflix rose 13% before the market opened.
[13:54][Performance | TSMC]TSMC’s third-quarter profit fell 25% year-on-year, still better than expected, and first disclosed the contribution of the 3nm process
[12:50][U.S. Sanctions]The U.S. Treasury Department further sanctioned 11 people and 8 entities involved in Iran’s military plans, including 3 Hong Kong companies, 2 mainlanders, and 1 Hong Kong person
[12:30]Dow futures fell 39 points to 33,767 points, S&P futures fell 5 points to 4,336 points, and Nasdaq futures fell 14 points to 15,010 points.
[11:43][International Payments]SWIFT: The share of RMB international payments reached a new high in September, dominated by the US dollar and falling slightly from historical highs
[11:43][Artificial Intelligence]ChatGPT developer OpenAI plans to sell employee shares at a valuation of US$86 billion
[08:55][U.S. Stock Results︱NFLX]Netflix has strong subscriber growth and increased monthly fees. The stock price rose nearly 13% following the opening bell.
[08:30][Reserve Reserve Official]Waller: The Reserve Bank can wait and observe, suggesting support for continuing to suspend interest rate hikes in November
[08:10][Reduce U.S. Treasury holdings]China has reduced its holdings of U.S. Treasury bonds for five consecutive months, reaching the lowest level since June 2009.
[06:45][Chip War]Chip warrior Jiang Shangyi at Hon Hai: Hon Hai does not pursue the most advanced chip technology
[06:22][TSLA Results]Tesla’s quarterly results were lower than expected. Musk’s speech, the stock price fell more and more, mass production of Cybertruck is a huge challenge
====The following is the U.S. stock market conditions on October 18====
U.S. stocks fell on Wednesday, led by technology stocks and crude oil prices climbing. The U.S. 10-year bond yield hit a 16-year high. The market pays close attention to geopolitical risks and corporate performance. The Federal Reserve’s Beige Book said prices continued to rise moderately, and the short-term economic outlook was broadly described as stable or slightly weak growth.
Let’s look at the closing of U.S. stocks:
The Dow once fell 399 points, or 1.2%, and the Nasdaq also fell 1.9%. At 4:00 this morning, Hong Kong time, the Dow closed down 332 points, or 1%, at 33,665 points. The Nasdaq fell 219 points, or 1.6%, at 13,314 points. The S&P 500 index fell 58 points, or 1.3%, to 4,314 points. The US dollar index rose 0.3% to 106.57.
U.S. bond yields rose once more, rising above 4.92%, and fell slightly back to 4.9064% in late trading. Dutch lithography giant ASML (US: ASML) performed poorly and its stock price plummeted 5.7%, dragging chip stocks down once more. Nvidia (US: NVDA) once fell another 4.8% on the market, as low as $418.25, and closed down regarding 10%. 4%.
Global attention fell on the Gaza City hospital bombing, which killed 500 people. Global public opinion immediately changed. US President Biden, who had just arrived in Israel, said that Israel was not responsible and that other organizations were responsible for the incident. The Israeli military denied bombing the hospital. , referring to the Palestinian Islamic Jihad rocket attack. Countries and organizations condemned the attacks.
As financial markets expect the United States to curb the expansion of the war, risk aversion awareness has declined. However, following the attack on the hospital, instability factors increased, dragging down the asset market.
Gold prices rose more than 2%, reaching a high of $1,962 an ounce. Oil prices have also become a safe haven for funds. Brent oil futures once rose 3.4%, reaching US$93 per barrel before recovering, New York oil futures also rose 3.7%, and the two oil prices closed up more than 1%.
Waller, the governor of the U.S. Federal Reserve, said that if the U.S. economy continues to strengthen, higher interest rates may be needed; the bureau can wait, observe and wait and see before making an interest rate decision. Waller said the Fed is still likely to raise interest rates once more, and whether and when it will do so will be entirely driven by data.
New York Fed President Williams believes that interest rates will need to be kept tight for some time; at some point a rate cut will be reasonable, and forecasts from Fed officials show that interest rates will fall next year.
The Federal Reserve released its Beige Book, which showed that economic activity has barely changed since September, and overall prices continue to rise moderately. The short-term outlook for the U.S. economy is generally described as stable or slightly weak growth, and consumer spending has shown an unstable trend, especially for automobiles and In the general retail industry, labor market tightness continues to ease.
Jeffrey Gundlach, CEO of DoubleLine, who is known as the “New Bond King”, believes that the prospect of the U.S. dollar’s reserve currency status depends on whether the U.S. government can control fiscal spending. Gundlach wrote an article on Wednesday that high U.S. interest rates and the continued rise in the national debt of up to $33.59 trillion will damage the U.S. dollar’s continued status as a reserve currency.
Although a number of recent U.S. economic data have been positive, Frances Donald, global chief economist and strategist at Manulife Investment Management, believes that the market may increasingly be looking forward to a soft landing of the U.S. economy, but the bank still believes that the local economy will fall into a soft landing in the next six months. A mild to moderate recession. It is also expected that the U.S. gross domestic product will record negative growth for two consecutive quarters, and the unemployment rate will also increase.
The bank pointed out that for investors, the economy falling into recession in the coming months may not be the worst outcome. The hypothetical recession follows the standard scenario: a drop in growth followed by a sharp rebound in growth driven by central bank interest rate cuts. For most mid- to long-term investors, the short-term trauma is usually the most severe, but in the long-term, the potential gains offered by different asset classes may be opportunities.
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Current market trend:
[04:13]Tesla erased its earlier decline of more than 4% following the market closed and is now up 1.4%.
[04:09]Tesla (US: TSLA) net profit in the third quarter of 2023 was US$1.853 billion, compared with US$3.292 billion in the same period last year, and market expectations were US$2.231 billion.
[04:03]The Nasdaq Golden Dragon China Index initially closed down regarding 2%. Among the constituent stocks, NetEase rose 0.3%, Huya fell 6.8%, NIO and Lukong fell more than 7%, and Canaan Technology fell 8.8%. , Xpeng Motors fell 10.3%, and Shengfeng Logistics fell 18.8%.
[03:33]Meta Platforms CEO Zuckerberg: Will add broadcast channels on Facebook and Messenger.
[03:14]The U.S. Court of Appeals has resumed accepting the lawsuit filed by Meta Platforms investors once morest the company over the data collection scandal.
[03:11]SpaceX CEO said at a U.S. Senate hearing that it is difficult to determine when the starship will be ready to land on the moon.
[02:53]Ford Motor: The company will face $1 billion in fines from 2027 to 2032 under stricter fuel economy standards for SUV and truck manufacturers.
[02:53]Convoy, a digital tracking company owned by Amazon founder Bezos, has stopped accepting orders and the company is canceling delivery arrangements for existing orders. At this time, it is unclear whether Convoy plans to announce a sale of the company, bankruptcy, or other actions.
[02:33]New York crude oil futures for November closed up $1.66, or 1.92%, at $88.32 per barrel. Brent crude oil futures for December delivery closed up $1.60, or 1.78%, at $91.50 per barrel.
[02:32]New York December gold futures closed up 1.68% at $1,968.30 per ounce. February gold futures closed up 1.67% at $1,988.10 per ounce.
[02:31]Market news: Veteran private equity CVC is preparing to launch an IPO as early as next week.
[01:37]The U.S. Federal Deposit Insurance Corporation (FDIC) plans to complete an assessment of the risks posed by digital currencies to banks in early 2024.
[01:33]Amazon is collaborating with the Massachusetts Institute of Technology to study the impact of automation technology on employment.
[01:30]According to Mortgage News Daily: On October 18, the average 30-year mortgage loan interest rate in the United States rose to 8% for the first time since 2000, following the trend of soaring U.S. Treasury bond yields.
[01:28]Market news: Stéphanie Cabossioras, managing director of Binance France, has resigned.
[01:02]The U.S. Treasury Department renewed its issuance of US$13 billion in 20-year Treasury bonds, with a bid interest rate of 5.245%, a new high since Bloomberg data records were recorded on May 20, 2020. The previous price was 4.592% on September 20. The bid rate was 5.245%. The multiple was 2.59, previously 2.74, and hitting an all-time high of 2.87 in June.
[00:55]The S&P 500 fell more than 1%, the Dow fell 240 points or 0.7%, and the Nasdaq fell 1.2%. The Philadelphia Semiconductor Index fell 1.7% and the Bank Index fell 2.5%. Tesla fell 4.5% and Apple fell 0.4%.
[00:42]A Archyde.com survey showed that 91 of 111 analysts believe that the Federal Reserve will not cut interest rates until at least the second quarter of next year. The proportion of respondents who expect the Fed to cut interest rates by mid-2024 fell to 55% from 71% previously. 26 of 28 economists said there was a greater risk that the Fed would cut interest rates for the first time later than expected.
[00:22]In the second round of voting for speaker of the U.S. House of Representatives, conservative candidate Jim Jordan still lacked enough votes to support him. Five Republican members voted once morest him and voting is still continuing.
[00:09]The U.S. 30-year Treasury bond yield rose 10 basis points to 5.02%.
[00:07]Federal Reserve Board Survey: From 2019 to 2022, income inequality in the United States has increased, but some wealth inequality indicators have narrowed; household financial vulnerability indicators including the debt-to-asset ratio have declined.
[23:45]European stocks closed down, with German stocks down 1%, French stocks down 0.9%, British stocks down 1.1%, and the pan-European STOXX 600 index down 1.1%.
[23:10]U.S. bond interest rates rose to 4.92%, the Dow fell 197 points, the Nasdaq fell 1%, ASML’s performance dropped by 4%, and Nvidia fell by nearly 4%.
[22:25]ASML’s performance dropped by 5%, Nvidia fell by 2%, the Dow fell by 106 points, and the Nasdaq fell by 0.5%
[21:30]More than 500 people died in the Gaza hospital explosion and funds turned to safety as gold and oil rose. The Dow fell 30 points and the Nasdaq fell 0.7%.
[19:25][U.S. Economic Data]The U.S. 30-year mortgage interest rate rose to 7.7%, and demand hit the lowest level since 1995
[18:34]The Russian Duma revokes ratification of the Nuclear Test Ban Treaty
[18:25]U.S. bond interest rates remain high. U.S. futures are soft. Dow futures fell 77 points, and Nasdaq futures fell 0.5%.
[18:15][U.S. interest rate hike]Hengan Standard Life Asia: The U.S. may raise interest rates once this year and the rate cut next year is expected to be limited.
[17:03][Israeli-Palestine Conflict]Prudential: There is a 45% chance that the Israeli-Palestinian conflict will evolve into a regional war. Oil prices will soar and U.S. bond interest rates will steepen.
[15:52][Financial Center]Credit Suisse may be involved in a 16 billion Singapore money laundering case. The Monetary Authority of Singapore has reportedly launched on-site inspections.
[15:50][Formerly known as Twitter]X tests charging new users an annual fee of US$1 to post.
[14:38][UK Inflation]UK CPI rose by 6.7% year-on-year in September, slightly exceeding expectations. The pound rose by 0.2% once morest the US dollar and was calculated at 9.546 once morest the Hong Kong dollar.
[12:05]Dow futures fell 23 points to 34,121 points, S&P futures fell 6 points to 4,395 points, and Nasdaq futures fell 27 points to 15,213 points.
[11:50][Chip War]U.S. new chip ban Ming-Chi Kuo: Intel is the big loser, AMD has a low-purchase opportunity Lenovo has fallen by more than 10%
[11:05][NVDA]The United States tightens chip exports to China. NVIDIA has banned the sale of China’s special AI chips. Domestic media: Domestic stockpiles are sufficient (Second Edition)
[10:30][MSFT]Microsoft reportedly signed a five-year cloud service contract with Amazon, with a total transaction value of 7.8 billion yuan
[10:16][TSLA]The U.S. Transportation Safety Administration requires Tesla to recall more than 54,000 Model X vehicles produced between 2021 and 2023
[08:21][Reserve Reserve Official]Barkin: The Reserve Bank still has time to consider whether to hold on unchanged or further raise interest rates.
====The following is the U.S. stock market situation on November 17====
The situation in the U.S. Congress is not stable. Jim Jordan, who was supported by Trump, lost the first round of the House Speaker election. 20 Republicans did not vote for Jim Jordan. The second round of voting will be held at 11 a.m. local time on Wednesday. Refer to January this year. McCarthy won the House of Representatives election following 15 rounds of voting.
Let’s look at the closing of U.S. stocks:
U.S. retail sales in September increased by 0.7% month-on-month, exceeding expectations by 0.3%. The previous value was revised upward to 0.8%. Core retail sales increased by 0.6%, exceeding expectations by 0.2%. After the data was released, market expectations for interest rate hikes increased, and bond interest rates It surged sharply and challenged the 16-year high once more.
The U.S. two-year bond interest rate once reached a high of 5.212%, a new high since 2006; the 10-year bond interest rate reached a high of 4.858%. U.S. stocks went back and forth, with the Dow once falling 129 points and closing steady, while the Nasdaq fell slightly. As of 4 a.m. (the market close), the Dow rose 13 points to 33,997 points; the S&P 500 dropped less than 1 point to 4,373 points; The Nasdaq fell 34 points, or 0.25%, to 13,533 points. The U.S. dollar index retreated to 106.19; the U.S. 10-year bond yield rose to 4.839%.
Expectations of interest rate hikes have increased, technology stocks have weakened, and the chip war has resumed. A U.S. official said that the A800 and H800 chips developed by Nvidia (US: NVDA, Nvidia) for China in response to chip restrictions will be included in the tightened new regulations. Nvidia’s Hua’s sales momentum was affected, and the stock price fell by up to 8% at the opening. It once fell below 430 yuan, and then the decline narrowed to 4.7%. ASML of the Netherlands stated that the new regulations will affect sales in China.
In addition, ETFs closely related to semiconductor stocks also fell. Among them, the three times long semiconductor ETF (US: SOXL) once fell by nearly 10%.
In terms of performance, Goldman Sachs’ profit attributable to shareholders in the third quarter was US$1.882 billion, down 36.46% year-on-year, but still better than expected; Goldman Sachs CEO David Solomon said that now is the most optimistic moment regarding the group’s prospects in his five years in office; The U.S. economic tone is stronger than expected, and the group is also prepared for downside risks.
Bank of America’s profit attributable to shareholders in the third quarter was US$7.27 billion, an increase of 10.5% year-on-year; Johnson & Johnson’s third-quarter adjusted profit per share was US$2.66, beating market expectations.
Thomas Barkin, president of the Federal Reserve Bank of Richmond in the United States, said that the U.S. economy is slowing down and inflationary pressures are declining; the Federal Reserve still has time to decide on its next interest rate move.
Scott Solomon, portfolio manager at T. Rowe Price Associates, Inc., said that when the yield curve inverts significantly and then returns to a more normal curve, historically this is the best time to buy bonds. However, the bank is still concerned regarding the risk of rising bond interest rates because there is still a large amount of supply in the United States.
Hong Kong stocks and ADR market conditions are constantly updated. For details, please see:[Next page]
Current market trend:
[0:20]The Dow rose more than 102 points, the Nasdaq rose 0.2%, and the S&P 500 rose 0.3%.
[23:24][NVDA]The United States’ stricter restrictions on Nvidia’s chip products may drag down the company’s sales to China. The stock price fell 8%. Domestic media pointed out that Tencent and Baidu had “ample stockpiles.”
[23:10]The Dow fell 8 points, the Nasdaq fell 0.4%, and Nvidia fell nearly 5%.
[22:28][U.S. stock performance]Johnson & Johnson’s third-quarter adjusted profit increased 14% to US$6.8 billion, beating expectations and raising full-year revenue guidance, opening down 1%
[22:10]The Dow fell 72 points, the Nasdaq fell 1%, and Nvidia fell nearly 6%.
[21:50][US stock performance]Goldman Sachs’ third-quarter net profit fell 37% to US$1.9 billion, slightly lower than expected
[21:30]Retail data, Camry debt interest rates hit 16-year high once more, Dow fell 105 points, Nasdaq fell 1.1%, Nvidia fell more than 4%
[20:30][U.S. economic data]U.S. retail sales rose 0.7% month-on-month in September, higher than expected
[20:26][US stock performance]Bank of America earned 11% more in the third quarter to US$7.3 billion. Net profit and revenue both beat expectations and rose before the market.
[20:25][Investment Bank]Goldman Sachs CEO reportedly gave up high-profile DJ gigs because…
[18:45]U.S. bond interest rates rose above 4.75% before the release of U.S. retail sales data. Dow futures were soft and fell 90 points.
[17:56][Australian interest rate hike]Minutes of the meeting of the Reserve Bank of Australia that considered raising interest rates in October: The Board of Governors has low tolerance for inflation returning to target slower than expected.
[17:43][Sustainable Development]Allianz Investments: ISSB standards can promote the standardization of sustainability reporting in Asia. Sustainable investment in 2024 is expected to focus on 5 major themes.
[17:13][Central Bank Meeting]The Hong Kong Monetary Authority and the Bank for International Settlements will hold a high-level meeting in Hong Kong at the end of November to gather global central bank governors
[12:10]Dow futures fell 34 points to 34,100 points, S&P futures fell 5 points to 4,395 points, and Nasdaq futures fell 18 points to 15,270 points.
[10:33][U.S. Stock Trends]UBS: Postponed the 4,700-point target for the S&P 500 Index until the end of next year as interest rates are expected to remain high for longer.
[08:00][Reserve Bureau Official]Hacker: High interest rates put small businesses in trouble and buyers are unable to purchase properties.
[04:02][Apple AAPL]Apple CEO Cook appears in Chengdu for his first visit to China in July
====The following is the U.S. stock market situation on November 16====
Israel’s air strikes on the Gaza Corridor have entered their 10th day. The United States seems to be turning to lowering tensions. Blinken has stepped up mediation in the Middle East. US President Biden has canceled his trip to Colorado to attend the National Security Conference. It is reported that he will visit Israel. Biden said that Israel’s reoccupation of Gaza was a mistake and that the Palestinian militant organization Hamas should be completely eliminated, but there must be a path to a Palestinian state, striving to curb the expansion of the war, stimulating a surge in the stock market.
Let’s look at the closing of U.S. stocks:
The Dow once rose 418 points. As of 4 o’clock this morning (that is, the market close), the Dow rose 314 points to 33,984 points; the S&P 500 rose 45 points to 4,373 points; the Nasdaq rose 160 points, or 1.2%, to 13,567 points. In terms of focus stocks, Nvidia (US: NVDA) repeatedly rose 1.39%; a report showed that iPhone sales in the mainland were poor, dragging down Apple (US: AAPL) by less than 1%.
Risk aversion has cooled down, U.S. bond interest rates have risen once more, temporarily reported at 4.712%, and the U.S. exchange rate index is soft, temporarily reported at 106.21.
The “Qassam Brigades”, a faction under Hamas, launched rocket attacks and launched intensive rocket attacks in the direction of Jerusalem and Tel Aviv. The opening ceremony of the winter session of the Israeli Knesset was interrupted, and participants evacuated the scene to seek refuge. Regarding the possibility of the war expanding, Iranian Foreign Minister Hossein Amirabdollahian stated on X (formerly Twitter) that “the expansion of the war is approaching the inevitable stage.”
U.S. Treasury Secretary Yellen said in an interview that Washington and the European Union still regard supporting Ukraine as their top priority and will seek the approval of the U.S. Congress to continue funding assistance to Ukraine; they will also seek assistance to Israel.
Yellen said that U.S. bond interest rates are still controllable, but it is expected that interest rates may continue to be high. At the same time, she insisted that the U.S. economic situation is good and the fiscal situation is not unsolvable, but she will pay attention to it.
Chicago Fed President Austan Goolsbee believes that U.S. inflation is declining, but rents and housing costs have rebounded, which is concerning.
Patrick Harker, President of the Federal Reserve Bank of Philadelphia, believes that the Federal Reserve interest rates can remain unchanged at the current level, but high interest rates may remain high for some time, and it is currently unclear when to cut interest rates.
The United States will release the New York Fed Manufacturing Index for October today. In addition to bank stocks such as Bank of America (US: BAC), Goldman Sachs (US: GS) and Morgan Stanley (US: MS), the market is also focused on the announcement of Tesla (US: TSLA; Tesla) following the market close on Wednesday. Third quarter results.
Hong Kong stock market conditions are constantly updated. For details, please see:[Next page]
Analysis article:
[Analysis]Why does US inflation data not fall?
[Analysis]Why is it difficult for the Israeli-Palestinian conflict to have a major impact on the financial market?
hot news︰
[U.S. Stocks Weekly Preview]The market focuses on bank stocks and Tesla quarterly results, paying attention to Powell’s public speech on Friday.
Current market trend:
[23:05]The U.S. curbs the expansion of the war, and the Dow Jones Industrial Average rises more than 400 points, and the Nasdaq Index rises 1.2%.
[21:30]U.S. bond interest rates rose above 4.7%. The Dow rose 233 points and the Nasdaq rose 0.5%.
[18:35]U.S. bond interest rate drops 4.7%, Dow futures rise 120 points, Nasdaq futures repeat
[17:15][Acquisition of Manchester United]Qatari consortium withdraws from British businessman Jim Ratcliffe, reportedly paying US$1.5 billion to acquire 25% of Manchester United’s shares. Manchester United fell 10% before the market opened.
[17:15][U.S. Stock Focus]Lululemon was included in the S&P 500 index on Wednesday, replacing Activision Blizzard, rising 5% before the opening bell.
[12:46][Investment Bank]South Korea’s Financial Supervisory Service: Two Hong Kong investment banks are involved in short selling without goods and may face record fines. Korean media revealed that BNP Paribas and HSBC were involved
[12:34]Dow futures rose 24 points to 33,851 points, S&P futures rose 8 points to 4,365 points, and Nasdaq futures rose 38 points to 15,159 points.
[10:49][Chip War]The United States reportedly updated controls on exports of AI chips to China to prevent companies from circumventing sales restrictions.
[07:30][Israeli-Palestinian Conflict]Dalio Bridgewater: The probability of a world war rising to 50%
[07:30]U.S. stocks developed individually last Friday, with technology stocks under heavy selling pressure. The Nasdaq once plunged 1.6%, U.S. bond interest rates fell, tensions between Israel and Palestine escalated, and funds hedged once morest the bond market and the gold market. The Dow Jones Industrial Average rose. 326 points, then turned down, and stabilized at the end of the market, closing up 39 points, or 0.1%, at 33,670 points. The Nasdaq fell 166 points, or 1.2%, to 13,407 points, and the S&P 500 fell 21 points, or 0.5%, to 4,327 points.
Let’s see the U.S. stock market close:
U.S. stock market trends last week, please see for details:[U.S. stocks close]Tensions between Israel and Palestine escalate, U.S. bond interest rates fall, the Dow rises 39 points, the Nasdaq falls 1.2%, and oil prices surge by more than 5% (continuously updated)
Editor in charge: Liang Haoshuo
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