Astana: Russia’s Ian Nipomnishi and China’s Ding Liren will face each other in the third game of the World Chess Championship today in Astana, Kazakhstan. After winning the second game, Nipomnishi is leading with a total of 1.5 points. Liran has .5 points following the first game was tied. There are 14 games in total. The first to score 7.5 points wins. If both teams are tied following 14 games, the winner will be decided by a tiebreaker.
The consumer price index (CPI) will be announced soon, which may affect the Fed’s future interest rate hike path. The market sentiment remains cautious, with a strong wait-and-see atmosphere. The yield on the one-year note rose to 4.03%.
Bank stocks led gains ahead of earnings season, while energy stocks followed oil prices higher.bitcoin It broke through $30,000 for the first time in 10 months, and blockchain concept stocks also benefited from the rise, but artificial intelligence (AI) concept stocks were sluggish.Dow JonesClosed up nearly 100 points, the S & P was basically flat,That fingerandfee halfBoth fell more than 0.4%.
In terms of politics and economy, the Biden administration began to study whether it is necessary to review artificial intelligence (AI) tools such as ChatGPT. At the same time, China plans to conduct a security review of generative AI services before they can be allowed to operate. The bad news dragged down Microsoft, Baidu and Alibaba Baba ADR stock price trend.
The International Monetary Fund (IMF) released the “World Economic Outlook” forecast that the global real gross domestic product (GDP) will grow by 2.8% this year, compared with 2.9% in January, and the global economy is expected to grow by 3% next year, compared with January’s forecast of 3%. 3.1%.
U.S. Treasury Secretary Yellen said on Tuesday that she remains vigilant regarding the downside risks facing the global economy in light of the ongoing war between Russia and Ukraine and the pressure on banks, but the overall outlook is bright. Warnings of greater risks posed by financial tensions.
Officials are divided on whether the Fed will raise interest rates, John Williams, president of the Federal Reserve Bank of New York and vice chairman of the Federal Open Market Committee (FOMC), said on Tuesday that the Fed expects to raise interest rates once more this year and then maintain interest rates No change, which is a “reasonable starting point”, he now supports another rate hike in May or possibly until the summer, depending on the data.
However, Austan Goolsbee, president of the Federal Reserve Bank of Chicago and FOMC voter this year, pointed out that the US central bank needs to be cautious regarding further interest rate hikes in view of the pressure brought by the collapse of Silicon Valley banks on the US financial system.
Chinese Minister of Commerce Wang Wentao met with Intel President Pat Gelsinger on Tuesday. The two sides exchanged views on bilateral economic and trade relations, maintaining the security and stability of the global semiconductor industry chain, and Intel’s development in China.
The performance of the four major US stock indexes on Tuesday (11th):
Focus stocks
The five kings of science and technology are exhausted. Amazon (AMZN-US) down 2.20%; Meta (META-US) down 0.42%; Apple (AAPL-US) down 0.76%; Alphabet (GOOGL-US) down 1.02%; Microsoft (MSFT-US) down 2.27%.
Dow JonesConstituent stocks rose more and fell less. Cisco (CSCO-US) down 1.38%; Salesforce (CRM-US) down 1.36%; Intel (INTC-US) down 0.52%; Kintor Heavy Industry (CAT-US) rose 2.35%; 3M (MMM-US) rose 1.75%.
fee halfMore than half of constituent stocks fell. Micron (MU-US) rose 0.47%; Huida (NVDA-US) down 1.49%; AMD (AMD-US) down 1.52%; Applied Materials (AMAT-US) down 0.10%; Texas Instruments (TXN-US) up 0.25%; Qualcomm (QCOM-US) fell 0.58%.
The ADR of Taiwan stocks did not fluctuate much. TSMC ADR (TSM-US) up 0.25%; ASE ADR (ASX-US) flat; UMC ADR (UMC-US) flat; Chunghwa Telecom ADR (CHT US) fell 0.02%.
Corporate News
Tower Semiconductor (TSEM-US) rose 3.70% to $43.47 per share. Intel (INTC-US) fell 0.52 percent to $32.35 a share. It is unclear whether Kissinger will meet with officials from China’s State Administration for Market Regulation (SAMR), but the market is betting that the chances of China’s approval of Intel’s acquisition of Tower Semiconductor may increase.
apple (AAPL-US) slipped 0.76 percent to $160.80 a share. Apple is regarding to launch the iPhone 15 flagship new machine in September. It is rumored that there will be five major upgrades, including adding a new wine red color, round-edged titanium alloy shell design, USB Type-C, enhanced camera zoom capabilities, and side button adjustments.
Tesla (TSLA-US) strengthened 1.24 percent to $186.79 a share. Gary Black, co-founder of the Future Fund and a Tesla shareholder, said: “Due to the weak first-quarter deliveries of Model S and Model X, I expected the price of these two models to be lowered, but I did not expect the Model Y to be lower. This is Tesla’s best-selling model, and the price cut may cost Tesla regarding $700 million in lost profits per year.”
Boeing (BA-US) closed 0.73% higher at $212.32 per share. Boeing reported first-quarter deliveries of 130 planes, up 27 percent year-on-year, surpassing rival Airbus’ 127.
TSMC ADR (TSM-US) rose 0.25% to $89.24 per share. The stock god Buffett sold his shares in TSMC in just one quarter last year, which aroused the attention of the outside world. Buffett revealed to Japanese media for the first time that geopolitical tensions were one of the considerations for selling TSMC.
Economic data
- The U.S. NFIB business confidence index in March reported 90.1, expected 89.8, and the previous value of 90.9.
Wall Street Analysis
“Markets are anxiously awaiting Wednesday’s inflation data as the last key indicator ahead of the Federal Open Market Committee (FOMC) meeting in May, following a slightly stronger March non-farm payrolls report,” Stifel said in a note.
“This week’s data is important because it will be the last batch of data that will be considered for the May 3 Fed meeting, and I think the Fed will definitely review the batch,” said William Northey of Bank of America Wealth Management. data to understand where they stand in the battle once morest inflation.”
With the first-quarter earnings season approaching, technology stocks have suddenly improved from a dismal 2022, and some analysts continue to see upside for technology stocks.
Mislav Matejka, head of global and European equity strategy at JPMorgan Chase, firmly believes: “The forecast for technology stocks this year will outperform last year, but at the same time, we believe that recent technology stocks look overbought, near historical highs, and the RSI (relative strength index) is at . High, the question remains whether tech stocks will continue to drive the broader market higher.”
The numbers are all updated before the deadline, please refer to the actual quotation
Next session on May 10, 2023
Vienna (OTS/RK) – Today, Tuesday, April 11, 2023, the Vienna City Council’s commission of inquiry into Wien Energie held its ninth meeting.
Deputy Mayor Christoph Wiederkehr was the first witness to be called by the commission for questioning. The Commission’s questions to the witnesses concerned the following topics: development of the European energy sector in the first half of 2022; Liquidity of Wien Energie and Wiener Stadtwerke in this period; Time and type of transmission of the information regarding the first emergency competence on July 15, 2022; further information talks with Mayor Ludwig and City Councilor Hanke following July 15, 2022; Strategy for public communication of the liquidity bottleneck; Information status of the witness at the end of August 2022; possible request for witness silence on emergency competence; Perception of the witness regarding the potential financial needs of Wien Energie; Discussion on the term “immediateness”; possible procurement of information by the witness on the shortage of liquidity at Wien Energie; perception of price development on the energy market; necessity of emergency competence; flow of information regarding the drawing of the second emergency competence; impulse of the witness to ask regarding the reasons for the emergency competence; Flow of communication between the mayor and the deputy mayor; different types of emergency competence; Criticism of Wien Energie’s crisis management; evaluation of an interview by finance minister Brunner; Obtaining expertise on the energy sector; Information on Wien Energie’s trading strategy; frequency of conversations regarding Wien Energie between mayor and witnesses; judgment on the business transactions of Wien Energie; Competences as transparency city councilor; Discussion levels with City Councilor Hanke and his office and with Wien Energie; representative function for the mayor; Knowledge of the draft application from Wiener Stadtwerke to Municipal Department (MA) 5; Discussion of Wien Energie’s risk strategy; Knowledge of the witness regarding the actual amount of the sum of the emergency competence.
As the second witness, Wien Energie Managing Director Karl Gruber provided answers to the commission’s questions. He provided information on the following matters: responsibilities of the witness in the management of Wien Energie; Procedure until the first emergency competence is drawn from the perspective of the witness; knowledge regarding the concrete amount of the sum of emergency competence; Knowledge of the financial position of Wien Energie in the first half of 2022; Contacts with Finance City Councilor Hanke or MA 5; Connection between cash flow of Wien Energie and cash pooling of Wiener Stadtwerke; contacts between the witness and the mayor as well as the city councilor for finance; internal risk management and control system of Wien Energie; perception of the witness on the processes up to the first emergency competence; Adjusting Wien Energie’s risk strategy; time of need for additional financial needs; Margin requirements of Wien Energie; Exchange within the management of Wien Energie; hedging the risk of an energy company; Alternatives to trading on the Leipzig Energy Exchange; possible short sales by Wien Energie; Security of supply for the Viennese population; Determining the timing of the payment of 350 million euros; need for protective screens for energy companies and demands for them; Adaptation of risk management in 2021; evaluation of an interview by finance minister Brunner; Perceptions of the witness on the price development of the electricity price in August 2022; time of the increase in the deposit on the Leipzig electricity exchange; Consequences of a possible turbine failure in electricity production at Wien Energie; purpose of a stress test in July 2022; Increase in Wien Energie’s stock exchange transactions in 2022; Processes within Wien Energie up to the second emergency authority; Adjustment of Wien Energie’s liquidity requirements; time span between emergency competence and credit framework agreement; Advantages of transactions on the energy exchange for end customers; Information regarding the assignment of the first emergency competence; Need for additional liquidity between mid-July and the end of August 2022; Perception of the need for EUR 2 billion on the part of Wien Energie; Cash pool status of Wiener Stadtwerke in August 2022; Profit development of Wien Energie in comparison to the forecasts; Amount of electricity production in the first three quarters of 2022; assessment of crisis communication at Wien Energie; Margin between forecast and actual electricity production by Wien Energie.
The next meeting of the municipal council’s investigative committee is expected to take place on Wednesday, May 10, 2023 at 10:00 a.m. in the Vienna City Hall.
Meeting minutes at www.wien.gv.at
The minutes of the meetings are available at and are thus made accessible to the public. The minutes of today’s meeting can be read there shortly. (close) not
Questions & contact:
PID town hall correspondence
City of Vienna press and information service, editor on duty
Service for journalists, city editors
01 4000-81081
dr@ma53.wien.gv.at
presse.wien.gv.at
In a press release made public this Tuesday, April 11, 2023, the Arbitration Commission of the Guinean Football Federation, decided to suspend 3 referees.
The decision will take effect until the end of the 2022-2023 season. All three were suspended, according to the Commission for “breach of refereeing, compromising the integrity of the game”.
For the moment we have no details on the exact nature of his shortcomings.
Here is a copy of the press release for you.
