Before the announcement of the US Federal Reserve’s interest rate meeting results, US stock futures rose in Asian session on Wednesday, with Dow futures up 65 points and Nasdaq futures up 86 points or 0.6%. The results of the interest rate meeting will be announced at 3:00 a.m. Hong Kong time on Thursday. In addition, the United States will release MBA mortgage applications, preliminary December wholesale inventories, December retail inventories, and December new home sales data today.
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Current market trend:
[12:24]Dow futures rose 65 points to 34362 points; benchmark futures rose 13 points to 4369 points; Nasdaq futures rose 86 points or 0.6% to 14235 points.
【09：53】Wells Fargo reportedly considering selling 20% stake in Shanghai Shangshang for nearly $1 billion
【07：52】[Microsoft performance]Microsoft’s performance and revenue guidance beat expectations
=Following January 25 (Tuesday) stock market==
The situation in Russia and Ukraine continued to cause market concerns. After the United States said it was ready to impose sanctions on Russia, the Russian ruble fell again. At the same time, the United States was preparing to support the European Union’s natural gas supply in case Russia’s gas supply was interrupted, and the market was worried about the situation. U.S. stocks fell sharply after the market opened on Tuesday, and the Dow reappeared on a roller coaster, once tumbling 818 points, and then regained its lost ground and turned up for a while; the Nasdaq once fell 3.18%, and still closed down 2.3%.
As U.S. stocks closed, chip stocks fell
The market waited to see the interest rate meeting and the development of the situation in Ukraine. The Dow closed down 66 points to 34297 points; the benchmark index fell 53 points to 4356 points; the Nasdaq fell 315 points to 13539 points. The “panic index” VIX once again rose by 20%, and the increase slowed to 3.8% in the last part. Funds deploy the interest rate hike cycle. The US 10-year bond interest rate once reached as high as 1.7956%, but the risk aversion is still high, and the latest report is at the 1.778% level.
Heavy technology stocks continued to be under pressure, with Microsoft down 2.7%; Nvidia was rumored to be preparing to abandon the purchase of British chip design company ARM, and its stock price plummeted 4.5%.
U.S. President Joe Biden said that the U.S. is still not ready to send troops to Ukraine, but warned Russia that if it uses force against Ukraine, it does not rule out sanctions against Russian President Vladimir Putin, and Russia will bear major consequences.
In addition, British Prime Minister Boris Johnson said in Parliament that the West will stand united to deal with the Ukraine crisis. The escalation of the political crisis in Ukraine, coupled with market speculation that the outcome of the Federal Reserve’s meeting on interest rates is “hawkish”, the price of gold rose, hitting a new high in more than two months. Gold futures in New York closed up $10.8 at $1,852.5.
The Reserve Board has held interest rate discussions for two consecutive days. The results of the interest rate discussion will be announced at 3:00 am on Thursday in Hong Kong. The market expects that the interest rate will remain unchanged, and a press conference will be held after the interest rate discussion. The market is also waiting to see whether the Federal Reserve will continue to raise interest rates if the geopolitical crisis escalates.
European stocks rebounded, with British, French and German stocks up 1.02%, 0.74% and 0.75% respectively.
[NVDA]Nvidia reportedly plans to abandon $40 billion acquisition of ARM
The U.S. stock market was on a crazy roller coaster the next night. The Dow hit 1,115 points, the Nasdaq once fell 4.9%, the Dow closed up 99 points, and the Nasdaq rose 86 points or 0.63%.
The U.S. Department of Commerce said that the global chip supply shortage is expected to continue throughout 2022, and the median value of semiconductor product inventories determined by buyers has dropped from 40 days to less than 5 days.
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Market trend at close:
【02：27】Commerzbank said the U.S. Federal Reserve is likely to confirm its plans to raise interest rates in March in its policy statement on Wednesday, but the dollar may not move much.
Leuchtmann, a foreign exchange analyst at Commerzbank, said the market generally expects a rate hike in March, so the dollar won’t change much, at least not on a sustainable basis. He said the dollar would be supported if the Fed indicated in a statement or press conference that members intended to achieve higher real interest rates than the market currently expects on a sustainable basis.
【02：02】Bank of America: 24% of S&P 500 stocks and 42% of S&P 500 tech stocks are in a technical bear market (down 20% from high)
[01:58]Spot palladium rose above the $2,200 mark and was last at $2,200.15 per ounce
[01:49]U.S. House of Representatives Majority (Democratic) leader Hoyer expressed optimism that major tax reform and spending plans will be approved on Capitol Hill.
[01:48]General Motors invested more than $7 billion in 4 manufacturing plants in Michigan, USA;
General Motors (US: GM) said it is investing more than $7 billion in four manufacturing plants in Michigan, in a bid to accelerate plans to lead rivals in the electric vehicle industry. The latest investment will create 4,000 jobs and restore 1,000 jobs.GM to invest $2.6 billion with LG Energy in Lansing, Michigan battery plant
[01:47]Morgan Stanley CEO Gorman: The Federal Reserve’s fiscal policy is on the right path. Don’t be surprised if the stock market closes near flat by the end of the year.
[01:16]Ming-Chi Kuo: A new generation of MacBook Air may be launched at WWDC this year
According to Ming-Chi Kuo’s prediction, Apple’s (US: AAPL) new generation of MacBook Air models may be officially released at this year’s WWDC, that is, in the second or third quarter of 2022. This time the MacBook Air may cancel the “Air” at the end, and use MacBook as a new product line logo. In a sense, Air products may disappear temporarily. Of course, this is just speculation.
[01:05]Brent crude oil futures rose by 2% to $88.02.
[01:00]The Dow’s decline narrowed to 468 points or 1.4%, and earlier plunged 818 points to a low of 33545 points; the Nasdaq fell 410 points, or 2.97%
[00:50]New York crude oil futures rose by 2% to $85.02.
[23:07]The Nasdaq fell to 3%, and the chip component ASML fell more than 6%.
[23:00]The Dow fell 719 points, the Nasdaq fell 2.9%
[22:51]The Dow fell 607 points, the Nasdaq fell 2.5%, and the SSI fell 2.3%.
[22:30]US stocks opened, the Dow opened 391 points lower, the Nasdaq fell 1.6%, and the SSI fell 1.3%.
[22:07]The market waits and sees the interest rate meeting and the development of the situation in Ukraine. The Dow futures decline intensified, falling 264 points, falling below the 34,000 level, and the Nasdaq futures fell 2%.
[20:15]Dow futures fell 293 points, Nasdaq futures fell 2%.
[18:44]Dow futures fell 61 points, Nasdaq futures fell 1.1%. European shares extended gains, with Germany up 1.1% and France up 1%.
[17:22]Dow futures fell 265 points, Nasdaq futures fell 1.8%.
[12:28]The Dow futures fell 267 points to 34097 points; the benchmark futures fell 49 points to 4360 points; the Nasdaq futures fell 232 points or 1.6% to 14277 points.
【10：17】[Crocodile King’s View]Dalio: U.S. interest rate hikes will not make cash and bonds attractive
==Following January 24 (Monday) stock market==
The geopolitical situation is tense, and the situation in Russia and Ukraine has caused a shock in the global market. The Russian stock market once fell by 10%, and the European stock market fell by more than 3.8%. The Dow once reached 1115 points, and the Nasdaq fell 4.9% at one point. However, the situation did not see further escalation. There was buying at the end of the market to absorb technology stocks at a low level, driving the three major indexes to turn higher.
That is, when the US stock market closed, the SPDR benchmark index ETF traded more than 100 billion US dollars:
The Dow closed up 99 points at 34,364 points; the benchmark index rose 12 points to 4,410 points; the Nasdaq rose 86 points, or 0.63%, to 13,855 points. Funds poured into the bond market and gold as a safe haven. The 10-year U.S. bond yield was at 1.756%, and the gold price was at $1,841.
Netflix once slumped 11.6%, and the decline narrowed to 2.6%. Tesla (Tesla) once fell 10.9%, and closed back above the $900 mark, down only 1.5% to $930; Apple edged down 0.5%.
Russia-Ukraine relations are tense, and NATO said it will send additional ships and fighter jets to strengthen the defense capabilities of eastern Europe, and at the same time order troops to stand by. The United States has made it clear that it is considering increasing its military deployment in NATO’s east.
Risk aversion increased, the dollar index was strong, up 0.27% to 95.9. Gold prices made good, New York gold futures closed up $9.9 at $1,841.7. Oil settled down $1.83, or 2.15%, at $83.31 in New York. Brent crude futures in London were down $1.62, or 1.84%, at $86.27.
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hot news︰
Current market trend:
[02:21]U.S. House Speaker Nancy Pelosi calls for a briefing on Ukraine
[02:13]The Nasdaq’s decline narrowed to 2.8%, with a maximum drop of about 4.9% in the early part.
【01：46】 Russia-Ukraine tensions, the Dow once slumped more than 1,100 points, the Nasdaq fell 4.6%
[01:27]The new energy vehicle sector of U.S. stocks continued to fall. Weilai fell by more than 15%, Rivian fell by nearly 14%, Xiaopeng Motors fell by more than 12%, Tesla and Mavericks Electric fell by nearly 10%, and Ford Motor fell by nearly 10%. 9%, Ideal Motors fell more than 8%, and General Motors fell more than 7%.
[01:26]U.S. stocks Nvidia fell more than 10% and are now at $209.94.
[01:17]The panic index VIX surged by 35%, reaching a high of 38.94, refreshing the market high since late 2020.
【01：15】The Dow fell more than 1,000 points, and the constituent stocks fell broadly. Microsoft fell more than 6% and Boeing fell 5.8%.
[00:52]The Dow fell 915 points, or 2.7%, to 33,350 points; the Nasdaq fell 545 points, or 3.96%, to 13,223 points; the benchmark index fell 120 points, or 2.75%, to 4,276 points.
[00:41]European stock markets generally fell; the European 1STOXX 600 index closed down 18 points, or 3.8%, at 456 points;
The German DAX30 index closed down 592 points, or 3.8%, at 15011 points;
The FTSE 100 index closed down 196 points, or 2.6%, at 7297 points;
The French CAC40 index closed down 280 points, or 3.97%, at 6787 points.
[23:10]The Dow fell more than 800 points, the Nasdaq fell nearly 3.1%, and the SSI fell nearly 2.8%.
[23:06]The Dow fell 667 points, the Nasdaq fell 2.5%, and the SSI fell 2.3%. Tesla (US: TSLA) fell 8%, Nvidia (US: NVDA) fell 6%, and Apple (US: AAPL) and Microsoft (US: MSFT) fell nearly 2%.
[22:30]US stocks opened, the Dow fell 518 points, the Nasdaq fell 2.2%, and the SSI fell 1.7%.
[22:15]The decline of U.S. stock futures expanded, falling below the 34,000 level, reaching a low of 33,719 points, a maximum of 438 points, and the Nasdaq futures fell 2%.
[21:06]The situation in Ukraine is tense, European stocks fell by nearly 2%, Russian stocks fell by more than 6%, and the ruble fell sharply by 2%. After the benchmark index posted its worst performance since March 2020 last week, U.S. stock futures extended losses, down 114 points, while Nasdaq futures fell 0.8%.
[18:40]The situation in Ukraine is tense, European stocks fell sharply, French stocks fell nearly 2%, German stocks fell more than 1.6%, and Russia’s MOEX index fell more than 6%.
[17:22]Dow futures rose 77 points, Nasdaq futures rose 0.4%.
[12:26]Dow futures rose 226 points to 34491 points; SSI futures rose 31 points to 4429 points; Nasdaq futures rose 112 points or 0.8% to 14551 points.
【08：42】[Bitcoin]Bitcoin fell to a high of nearly $34,000 over the weekend and fell by more than 50%
[07:30]The market is worried that the Federal Reserve will tighten monetary policy, and the Omicron variant virus will drag down the economic recovery. U.S. stocks plunged at the end of last Friday. The Dow closed down 450 points at 34265 points; the benchmark index fell 84 points to 4397 points ; The Nasdaq fell 385 points, or 2.72%, to 13,768 points.
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Responsible editor: Liang Haoshuo
