Today’s Trading Prospects
Fed September meeting minutes
U.S. September CPI, last week’s unemployment data
Corporate earnings: TSMC (TSM), Wells Fargo (WFC), BlackRock (BLK), Delta Air Lines (DAL)
The latest version of the U.S. National Security Strategy sees China as the biggest geopolitical challenge
The latest version of the U.S. National Security Strategy was released on Wednesday (12th), and U.S. President Biden declared that the United States regards China as its greatest geopolitical challenge and that the priority is to win the competition with China, although the United States is working to curb a dangerous Russia. On the Taiwan Strait issue, the United States does not support Taiwan independence and opposes any unilateral change of the status quo.Read the full article…
Affected by the ban, the Q4 revenue forecast should be revised down, and it is estimated that the Q1 will have the same impact
Applied Material slashed its fourth-quarter revenue forecast by $400 million on Wednesday (12) and warned that revenue in the first quarter of the new year could be similarly affected as U.S. concerns over China The new wave of export control measures will affect the entire semiconductor industry and hit Yingmao’s performance in China.Read the full article…
ASML asks U.S. employees to stop serving Chinese customers
As the U.S.-China tech war heats up, advanced semiconductor equipment maker Esmol (ASML-US) ordered U.S. employees to stop serving Chinese customers, following the latest regulations from the Biden administration.Read the full article…
Three U.S. suppliers are said to suspend business in China, evacuating YMTC employees
Several media reported on Wednesday (12th), citing people familiar with the matter, that after the U.S. government announced to expand controls on Chinese chip exports, U.S. chip equipment suppliers Applied Materials, KLA and Lam Research ) began evacuating its resident employees in China’s Yangtze River Storage and suspending business activities in China.Read the full article…
Fed meeting minutes: Reducing inflation remains the top priority, but policy adjustments are necessary in a timely manner
The minutes of the September 20-21 meeting of the Federal Reserve (Fed) released on Wednesday (13th) show that in order to bring inflation back to the 2% target, it will raise interest rates to a restrictive level in the short term and maintain it for a period of time. time, but several officials said it was important to adjust the pace of rate hikes to reduce risks to the economic outlook.Read the full article…