The U.S. Bureau of Economic Analysis released a report on Wednesday saying that the U.S. economy shrank at an annualized rate of 1.6% in the first quarter of 2022. This was the first decline in the country's economy since the second quarter of 2020. The report updated last month's data, which showed a lower-than-expected decline of 1.5%. The government said the data mainly reflected lower-than-expected spending on business inventories and residential investment, which was only partially offset by a rise in consumer spending.
Economists generally believe that the U.S. economy should resume growth this quarter, thereby avoiding two consecutive quarters of negative GDP growth that would constitute a technical recession, but a growing number of experts are warning that a recession next year is increasingly likely. big. In a research report on Monday, analysts at S&P Global Ratings said that the Federal Reserve's aggressive policies to curb the continued surge in oil prices will lead to slow economic growth this year and may face the risk of recession. "The situation next year is even more worrying," they warned. S&P puts a 40% chance of a U.S. recession in 2023, higher than the 35% chance Morgan Stanley announced last week.
European markets are also paying attention to the signals released by the European Central Bank Forum. European Central Bank President Lagarde believes that the possibility of a single interest rate hike of 450 basis points cannot be completely ruled out now. She said that as the high inflation situation becomes clearer, the European Central Bank may take decisive action to curb inflation. Data released on Wednesday showed that Spain's annual inflation rate rose to 10.2% in June, the first time since 1985 that the inflation rate reached double digits.
Nasdaq. Deutsche Composite. Dow News: As the market weighs Federal Reserve Chairman Powell’s speech that the U.S. economy is strong and can withstand raising interest rates, but cannot guarantee a soft landing for the economy, and awaits the PCE data to be released on Thursday, US stocks Wednesday's closing was mixed, with the Dow Jones Industrial Average closing slightly up 0.27%, and the Nasdaq Composite and the S&P 500 Index falling slightly. Meanwhile, Cleveland Fed President Mester said on Wednesday that if U.S. economic conditions remain as they are in July, she will support a 75 basis point interest rate hike. Mester has a vote on monetary policy decisions this year.
[Nasdaq Analysis - Nasdaq Index ]
The Nasdaq 09 contract gave a short order of 11830 yesterday, with the highest rebound around 11750. There is not much market, and it is currently in a sideways stage. We are still waiting for a rebound at a high short position today. Mainly .
Short orders: If you are aggressive during the day, you can enter the market at 11880-11920, with a steady entry of 12030, stop loss 12150, and leave the market at 11480.
[Deutsche Index Analysis- German DAX30 Index ]
Deutsche Index 09 Contract Yesterday A short order of 13240 was given, with the highest rebound at 13155. It fell directly before reaching the entry point. The market was small and it is still in shock. The short position at the daily level is strong, so we mainly maintain the rebound short position.
Short orders: Aggressive short positions at 13080-13120, steady short positions around 13260-13280, stop loss 13400, target 12860 to reduce positions, 12700 exit
[Dow Analysis- Dow Jones Index ]
Dow 09 Contract The four-hour closing trend is upward, and the MACD subsidiary indicators are overall lower. After consolidation, they continue to rebound and remain bearish.
Short position: Aggressively enter the market at 31380-31430, wait for the rebound around 31580-31620, enter short position, stop loss 31750, target 30880 to reduce position, 30650 all exit
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