Home » U.S. stock market’s three major indexes diverged, gold and silver futures fell sharply

U.S. stock market’s three major indexes diverged, gold and silver futures fell sharply

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On Thursday, Eastern Time, the three major indexes of the US stock market diverged, and gold and silver futures fell sharply. As of press time, the Dow is down 0.63%, the Nasdaq is up 0.94%, and the S&P 500 is down 0.01%.

In the commodity market, the most active August gold futures price on the New York Mercantile Exchange gold futures market fell 86.6 US dollars on the 17th from the previous trading day to close at 1774.8 US dollars per ounce, a decrease of 4.65%.

The following is a summary of important information in the global market:

  Global macro

  The Fed keeps its benchmark interest rate unchanged Expected in 2023Raise interest rates twice before the end of the year

At 2 o’clock in the morning Beijing time on Thursday,MidlandChu announced the benchmarkinterest rateKeep it at 0%-0.25% unchanged, and make excess reservesinterest rate(IOER) adjusted from 0.1% to 0.15%. It will continue to increase its holdings of at least US$80 billion in national debt and at least US$40 billion in mortgage-backed securities each month until the committee’s full employment and price stability goals have made substantial progress. The bitmap shows that by the end of 2023,MidlandThe Reserve will raise interest rates twice.

  Even with a 30% salary increaseCan’t keep it! International Investment Bank’s Asian Expansion Plan Suffered “Staff Shortage”

Currently, Asian junior investment banksAnalystThe exodus is more difficult to contain than New York and London, although a 30% salary increase has been proposed and a promotion has been promised soon.

Recruiters in the international investment industry andExecutivesThey said that, to some extent, this poses a challenge to their expansion plans in Asia, because Asia’s economic growth rate has surpassed almost any region in the world.

With the gradual opening of China’s finance, Asia’s largest economy, foreign investment banking companies have stepped up their recruitment efforts.

  United Kingdom 5Monthly CPIRise to a two-year high Interest rate hike may be early

According to data released by the National Bureau of Statistics on the 16th, the UK Consumer Price Index in May (CPI) Rose 2.1% year-on-year, a sharp increase from 1.5% in April, and also higher than market expectations of 1.8%.

In view of the fact that the British May CPI exceeded the 2% target set by the Bank of England for the first time in two years, market analysis believes that rising inflation will increase the possibility of the Bank of England raising interest rates as early as the first half of next year.

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  Saudi Arabia: Cautiously restore OPEC+The yield method is effective

Saudi Prince and Energy Minister Abdulaziz bin Salman said that Saudi Arabia’s cautious attitude towards OPEC+’s recovery of production has been proven correct. One year after the turbulent oil market caused by the new crown epidemic, fuel demand is showing strong growth, and the International Energy Agency has called on the organization to increase supply. However, in the eyes of Prince Abdulaziz, “we have not yet come out of the predicament.” OPEC+ is still currently limiting production, with a limit of up to 5.8 million barrels per day. Prince Abdulaziz has previously stated that he hopes to see clear evidence of a strong recovery in demand before restoring more idle capacity.The comments on Wednesday indicated that he insisted on this position even though the originalOil priceThe situation continues to rise, and the resumption of the Iranian nuclear agreement-which may lead to the resumption of Iranian oil exports-looks more distant.

  U.S. stocks in focus

  Powell: It’s too early to discuss interest rate hikes

Thursday (June 17) at 2 a.m. Beijing timeMidlandThe Reserve Bank kept interest rates close to zero unchanged, but hinted that it expects to raise interest rates twice before the end of 2023, earlier than previously predicted. After the Federal Open Market Committee (FOMC) concluded its two-day policy meeting, it wrote in its policy statement issued on Wednesday: Vaccination has reduced the spread of the new coronavirus in the United States. With this progress and strong policy support, Both economic activity and employment indicators have increased.

Fed Chairman Powell said that the dot plot is not a good tool for predicting future interest rate trends. Interest rate hikes are not the focus of the Federal Open Market Committee. It is too early to discuss interest rate hikes, and there is no discussion about whether it is appropriate to raise interest rates in a particular year. .

  Goldman Sachs: Fed’s more hawkish expectations are detrimental to the dollar

  Goldman SachsSaid that the dollar is still expected to weaken because of the high value of the latter and the continued recovery of the global economy. However, the Fed’s more hawkish expectations and the upcoming discussions about reducing debt purchases may be detrimental to the dollar shorts in the short term. After the Fed’s interest rate decision,Goldman SachsThe recommendation to do long EURUSD trading was withdrawn.

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  Multi-country anti-monopoly regulation targets U.S. tech giants

The European Court of Justice in Luxembourg ruled on the 15th that the national data protection agency of any member state of the European Union can take action against violations by American technology giants such as Facebook under special circumstances, even if its headquarters is not in the country. At the same time, US Silicon Valley companies have also become targets of antitrust regulators in the UK, India and other countries. The Russian website today emphasized on the 15th that US technology giants are encountering more and more targeted antitrust measures around the world.

  Crisis and Opportunity in the U.S. Housing Market

According to data from the National Association of Home Builders, the home builders confidence index fell to 81 in June, the lowest value in the past 9 months. After the outbreak, the index dropped to a low of 37, and reached a record 90 in November 2020.

In order to solve the housing problem of low- and middle-income groups, the Biden government proposed in the announced employment plan to invest more than 300 billion US dollars of funds or tax incentives in the housing sector to build, maintain or renovate more than 2 million houses. It remains to be seen whether the housing crisis facing the poor in the United States can be alleviated.

  U.S. stock company

  NVIDIA 400$100 million acquisition of ARMBlocked: European Commission postpones review

News on June 16, according to reports,Nvidia(Nvidia) The US$40 billion acquisition of SoftBank’s British semiconductor IP company Arm will face a delay in EU approval and cannot be completed as scheduled.

According to the report, three people familiar with the matter said that the European Commission (European Commission) has clearlyNvidiaSaid that the review time will be postponed to after the European summer vacation. therefore,NvidiaThe acquisition of Arm will not be completed before March next year. Related agencies told both parties that they need to collect enough information before September in order to accept Nvidia’s formal approval application.

  11.8Billion! Taobao has another major data breach: customer ID, Taobao nickname, mobile phone number all have

Recently, the People’s Court of Suiyang District, Shangqiu City, published a criminal verdict on the Judgment Documents website, showing that Lu Mou, a college graduate who lives in Shangqiu City, Henan Province, has implemented a total of eight measures against Taobao since November 2019. Months of data crawled and stolen a large amount of user data.inAlibabaBefore the issue was noticed, more than 1.180 million user information had been leaked.

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What happened to the 1.18 billion stolen data? The truth is that another Li, who lives in Liuyang City, Hunan Province and only graduated from junior high school, used this information to build 1,100 WeChat groups, each with 90-200 people.Daily userobotSend Taobao coupons in the group to earn rebates and make more than 340,000 yuan in just 8 months.

  Flipkart by WalmartRequest the Indian court to revoke its antitrust investigation order

People familiar with the matter said,WalmartIts subsidiary Flipkart has filed a lawsuit against the Indian court’s decision to restart the antitrust investigation. Flipkart asked the court in the southern Karnataka state to revoke the antitrust supervision agency’s investigation order against the company.

  Iqiyi launches “iqiyi education” app

  IQIYIRecently atappleApp store launched a “IQIYIEducation “App. This App can be used on mobile phones and iPads,”IQIYI“Education” is an App that can provide customized teaching services, create an atmosphere of independent learning, and share efficient learning methods. Create an online learning platform that is entertaining and entertaining. According to reports, iQiyi Education has reached cooperation with a number of eminent teachers. Provide relevant teaching programs.

  CICC: Raise Noah Wealth (NOAH.US)Rated to “Outperform Industry” Target price up 8%To 57.8U.S. dollar

CICC releaseresearch reportSay, considerNoah Fortune(NOAH.US) The number of customers and the number of funds raised has reached a record high, and the operating efficiency has continued to improve under the superimposed comprehensive reforms. The profit for 2021-22 has been revised up by 4%/14% to 14.172 billion yuan. The company is currently trading at 12.8x/10.4×21/22eP/E, and the target price is raised by 8% to 57.8 US dollars, corresponding to 16.7x/13.5×21/22eP/E and 30% upside. The rating is upgraded to “Outperform Industry”.

According to the report, the inflection point of residents’ asset allocation has come, and the wealth management industry has developed rapidly. Noah has actively transformed and reformed after the risk event, with multiple indicators reaching new highs in 1Q21. Standing at a new starting point, the bank believes that the impact of the company’s risk events has basically settled.PerformanceIt is expected to return to the track of rapid growth and upgrade to the “Outperform Industry” rating.

(Article Source:Oriental wealthResearch center)

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