Taiwan stocks rose more than 100 points last Friday to regain the 5-day line after many days of declines. The four major U.S. stock indexes closed up after a V-shaped reversal late on Monday, which is expected to stabilize the military’s morale. (Fed) The interest rate meeting in May is imminent, and the legal person believes that the broader market will continue to be shaken by the negative impact of the international market, and Ball’s remarks on inflation and balance sheet contraction will influence the market trend.
The Federal Reserve will hold the Federal Open Market Committee (FOMC) meeting from the 3rd to the 4th. Chairman Powell will hold the first physical press conference since the outbreak of the epidemic, and release the message of curbing inflation and shrinking the balance sheet; according to CME’s FedWatch It shows that the market expects to raise interest rates by 2 yards at this week’s meeting, 3 yards at the June meeting, and 2 yards in July. The federal funds rate should be around 3% by the end of the year.
The four major U.S. stock indexes rebounded and closed up in late trading,Dow JonesUp 84.29 points, or 0.26%, to end at 33,061.5 points,that fingerUp 201.38 points, or 1.63%, to end at 12,536.02 points, and the S&P 500 up 23.45 points, or 0.57%, to end at 4,155.38 points,half feeUp 102.50 points, or 3.51 percent, to settle at 3022.24.
U.S. stock futures, before the deadlineDow JonesFutures fell 27.2 points or 0.08% to temporarily report 33034.3 points; S&P 500 futures fell 2.8 points or 0.07% to temporarily report 4152.6 points.10-Year U.S. Treasury YieldIt fell 0.009 or 0.31%, and temporarily reported 2.987%, hitting a 5-year high.
At the same time, Taiwan stocks entered the intensive period of legal talks. The silicon wafer giant Universal Crystal took the lead today, Elan and Nuvoton appeared successively, and the world’s advanced wafer foundries are also expected to hold a legal conference on Friday, except for the first quarter of operations. In addition to the performance, the market also pays attention to the second quarter and this year’s operating outlook, as well as the recent changes in the environment and capacity allocation.
In addition to the semiconductor group, Zhiqing, Chunghwa Electric, Wiwing, and Aipu* will hold Fashuo on Tuesday, Taijiashuo, Qundian, Advantech will be held on Wednesday, and Sharp Point, Ming Substrate, Novatek, Yutai, Qunhua will be held on Thursday. Lianhe and Fucai are also expected to hold a legal meeting on Friday to release their outlook.
The legal person believes that the market as a whole is short-term and long-term. According to historical experience, the stock market has a low ebb period for about 6 months before and after the US interest rate hike. The company has announced its April revenue one after another. It is feared that the performance of many major manufacturers will be impacted by China’s blockade and control policies. In addition to the technical decline and rebound, it is difficult to see fundamental incentives, so it is still necessary to wait cautiously.