On October 28th local time, the three major stock indexes of U.S. stock collectively rose at the beginning of the session, and the increase of all exceeded 1%.
Musk's acquisition of Twitter also ushered in new progress - it is reported that Twitter will delist from New York Stock Exchange , and Twitter stocks are currently suspended from . According to CCTV News, Musk dismissed three senior executives, former CEO, CFO and head of legal affairs and policy, as soon as he took over Twitter, and no specific information was disclosed on Twitter's future development.
At the monetary policy meeting held from the 27th to the 28th, the Bank of Japan decided to maintain the loose monetary policy over unchanged. Analysts pointed out that the Japanese economy is temporarily unable to get rid of the pressure and dilemma of high inflation.
The three major U.S. stock indexes continued to rise
On October 28th local time, the three major U.S. stock indexes continued to rebound at the beginning of the session. Wind data shows that as of 22:33 Beijing time, the Dow Jones Industrial Average rose 1.65% to 32,562.40 points; the Nasdaq rose 1.16% to 10,918.19 points; the S&P 500 rose 1.23% to 3,854.16 points.
Image source: Wind
There is news that Twitter will be delisted from the New York Stock Exchange. Judging from the Wind data, Twitter stocks are currently suspended. Based on the company's latest closing price , Twitter's share was $53.7, which is almost the same as the acquisition price of $54.2 per share offered by Musk; the total market value was $41.1 billion, about RMB 297.9 billion.
Stock price performance since Twitter was listed
Data source: Wind
The major stock indexes in European stock market collectively opened and then showed a rebound. As of 22:33 Beijing time, the UK FTSE 100 index fell 0.32%, and French CAC40 index and German DAX index rose 0.41% and 0.19% respectively.
Data source: Wind
Commodity , international gold price and oil prices fell collectively.
Data source: Wind
Acquisition of Twitter Prospects are not measured
According to media reports, Tesla CEO Elon Musk has completed the acquisition of Twitter. It took half a year since Musk made an offer to Twitter's board of directors in April this year to now taking over Twitter.
According to CCTV News, citing US media reports, Musk dismissed the former CEO 1Palag Agravar , CFO Ned Siegel and Vijaya Gard, director of legal affairs and policy, as soon as he took over. Musk accused these people of "misleading" himself and investors on the issue of "false accounts". It is not clear whether and when Musk will give himself a formal title or appoint a new executive.
media reports pointed out that Musk has not disclosed specific information about the future development of Twitter, and what he said when he had previously conceived Twitter's prospects are imaginative or contradictory. Musk said on the 19th that Twitter's "long-term potential will increase by an order of magnitude compared to current value." However, Twitter is facing the problem of active user churn. Data shows that "severe users" account for less than 10% of the total monthly users of Twitter, but it is the source of 90% of tweets and half of Twitter's global revenue.
About 7,500 employees on Twitter are worried about the risk of layoffs. However, according to media reports, Musk denied rumors of preparing to lay off 75% of his employees in a Twitter employee meeting.
Musk also said that he hopes to use the Twitter platform to create an "all-inclusive" super software "X", which integrates social media, information sending, payment, shopping and other functions. Industry insiders said that there is no such super software in the United States yet because of various legal and competitive obstacles.
Bank of Japan continues to maintain ultra-loose monetary policy
According to multiple Japanese media reports on October 28, the Bank of Japan decided to maintain ultra-loose monetary policy meeting held from the 27th to the 28th, maintaining the ultra-loose monetary policy unchanged, maintaining the short-term interest rate at negative 0.1% and the long-term interest rate at 0. In addition, the Bank of Japan raised the growth rate of core CPI in fiscal year 2022 from the previous 2.3% to 2.9%, and the growth rate of GDP (GDP) is expected to be lowered to 2.0%.
analysts pointed out that Japan is currently under the dual pressure of inflation and the rapid depreciation of the yen. Due to the recent decline of the yen, the cost of social production and living remains high, and the Japanese economy is temporarily unable to get rid of the pressure and dilemma of high inflation.
German Bundesween senate approved
200 billion euros energy crisis assistance plan
On October 28, local time, the German Bundesween senate approved the 200 billion euros "Energy Shield" economic assistance plan submitted by the government of Cabinet .
On September 29, German Federal Prime Minister Scholz announced that it would launch a financial aid plan with a total amount of 200 billion euros to limit energy prices and protect private consumers and businesses. The plan will continue until 2024. On October 21, the German Bundestag voted to pass the plan. The vote of the Federal Senate means that the bill will officially come into effect.
column editor: Gu Wanquan Text editor: Song Hui Title source: Oriental IC Picture editor: Yong Kai
Source: Author: China Securities Journal
