The Dow Jones Industrial Average rose 1.40%, the S&P 500 rose 1.83%, and the Nasdaq rose 2.14%, ending its "seven consecutive declines". International oil prices fell sharply, the energy sector weakened, and investors were worried that high inflation had slightly reduced pressure

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On Wednesday local time, the three major indexes of US stocks closed up collectively. The Dow Jones Industrial Average rose 1.40%, the S&P 500 rose 1.83%, and the Nasdaq rose 2.14%, ending the "seven consecutive declines".

International oil prices fell sharply, the energy sector weakened, and investors were worried that high inflation would be slightly reduced. Most of the large-scale technology stocks rose, while Tesla rose by more than 3%. Popular Chinese stocks listed in ranked the top in the rise, while Nasdaq China Golden Dragon Index rose 2.27%.

The three major U.S. stock indexes rebounded, Nasdaq ended seven consecutive declines

On September 7th local time, the three major U.S. stock indexes opened high and closed high, continued to strengthen during the session, and rose sharply. Among them, the Dow Jones Industrial Average rose 1.40% to close at 31,581.28 points, up 435.98 points; the S&P 500 rose 1.83% to close at 3,979.87 points; the Nasdaq Index rose 2.14% to close at 11,791.90 points, ending seven consecutive declines.

On the market, most large technology stocks rose. Tesla rose 3.38%, Amazon and Google rose more than 2%, Microsoft and Nvidia rose nearly 2%, Facebook parent company Meta and Apple rose nearly 1%, and TSMC fell 0.10%. U.S. Treasury yields have seen a significant pullback after a sharp rebound on Tuesday, which, although still at recent highs, has eased the pressure on tech stocks.

Twitter rose 6.6%, and there is new news about Tesla CEO (CEO) Musk's case involving the acquisition of Twitter. Musk's request for a postponement of the trial was rejected by local Delaware courts, but he was allowed to use a Twitter whistleblower's complaint at the trial. The case will begin on October 17, and Musk's team hopes to delay it until mid-November.

Popular Chinese stocks ranked among the top in terms of gains, with the Nasdaq China Golden Dragon Index rising 2.27%. Shell rose 5.76%, Pinduoduo, Alibaba , NIO rose more than 2%, ZTO Express rose 1.82%, Baidu rose 1.74%, JD and Ideal Auto rose nearly 1%, and NetEase rose 0.5%.

International oil prices fell sharply, hitting a new low since January, with the energy sector leading the decline, which is the only sector in the S&P index to fall. Occupy Oil fell more than 2%, Chevron , Shell, ConocoPhillips , BP fell more than 1%, and ExxonMobil fell 0.85%. The price of light crude oil futures for delivery on the New York Mercantile Exchange closed at $81.94 per barrel, a drop of 5.69%; the price of London Brent crude oil futures for delivery in November closed at $88 per barrel, a drop of 5.2%.

Federal Vice Chairman stressed the risk of excessive tightening

Federal "No. 2" and vice chairman Breonard said that the Fed will continue to control inflation, but also pointed out the risks caused by excessive action. She said that during the monetary policy tightening cycle, risks will become two-sided at certain moments. The speed of tightening is accelerating and its global attributes. The uncertainty of the pace of tightening of the financial situation is taking effect on demand, and risks are also arising from excessive tightening.

Earlier that day, an article in the Wall Street Journal talked about the Federal Reserve's commitment to controlling inflation, suggesting that the Federal Reserve will continue to raise interest rates by by 375 basis points, which will be the third time this year so dramatically. The three major U.S. stock index futures once turned down, but Brainard's speech stabilized and rebounded.

Although the market rebounded, many analysts remained cautious. Emmanuel Cau, head of European equity strategy at Barclays, believes that the market is still in a dilemma. As interest rates rise, stock markets have recently fallen to June lows, coupled with the EU government's intervention in dealing with the energy crisis, inflation will ease.

GLOBALT Investments portfolio manager Keith Buchanan said that in isolation, the market rebound on Wednesday seemed strange. But in terms of context, stocks have seen a sharp reversal and decline in the past two weeks as investors abandon the Fed's fantasy of no longer coping with inflation. "I don't think today investors are re-examining or doubting the Fed's beliefs," he said.

In addition, Richmond Fed Chairman Barkin said the Fed must raise interest rates to levels that can curb economic activity and keep it at that level until policymakers are "convinced" that inflation is fading. Cleveland Fed Chairman Mester pointed out that the high cost of renting a house in the United States has not been fully reflected in the inflation indicators, which indicates that inflation may still rise further.

CME (Chicago Commodity Exchange) "Federal Watch" tool data shows that the probability of the Federal Reserve raising interest rates by 75 basis points in September has risen sharply to 76%, and the probability of raising interest rates by 25 basis points has fallen to 24%.

On Thursday, Federal Reserve Chairman Powell will once again speak on the economic outlook. At the Jackson Hall central bank annual meeting at the end of August, Powell's speech kept the market under pressure. The three major U.S. stock indexes all fell by more than 3% in one day, and the Nasdaq recorded a wave of "seven consecutive declines".

The latest Beige Book of the Federal Reserve shows that the US economy has grown slightly as of the end of August, but the economic outlook for next year is "generally weak" due to rising interest rates and the continued existence of labor supply shortages. The report is released eight times a year before the FAP (FOMC) meeting, helping the Fed make key decisions about the economy.

According to the report, prices in most regions of the United States have seen a sharp rise, especially food, rent, utilities and hotel services. Although almost all regions emphasize improved labor supply, the overall labor market situation remains tight.

On the same day, the Bank of Canada ( Central Bank ) decided to raise interest rates by 75 basis points and raise the benchmark interest rate to 3.25%. This is the fifth rate hike from a Canadian bank this year. Bank of Canada also announced that it would continue to reduce the balance sheet size to cooperate with the interest rate hike policy and further relieve inflationary pressure. It is reported that Canada's inflation rate fell in July, but price pressure, especially in the service industry, will further expand, short-term inflation expectations remain high, and benchmark interest rates still need to be further raised.

Russia says it controls an important town

Ukraine says it attacks multiple military targets

According to CCTV news, Russian Ministry of Defense html 7th reported that the Russian army is currently progressing smoothly in Donetsk area, successfully controlling an important town, and also destroying a large fuel warehouse of the Ukrainian army on the southern front. Ukrainian said that it would resist Russian attacks on the eastern front and attack multiple Russian military targets on the southern front.

In the Donetsk region on the eastern front, , Russian Ministry of Defense spokesman Konashenkov reported on the 7th that the Russian offensive is currently progressing smoothly and has completely controlled the town of Kodma in the southeast of Bachmut. In addition, the Russian army also destroyed a "altitude" rocket launcher production facility of the Ukrainian army near Konstantinovka .

The General Staff of the Ukrainian Armed Forces reported on the same day that the Ukrainian army defeated the Russian attack on several towns such as Bachmut in the Donetsk region of the eastern front.

There is also news that the Ukrainian army launched shellings on Barakleya between Kharkov and Ijium in the northeast. It is understood that the population of Balaclaya is about 27,000, and it is a local railway hub that can provide logistics supplies to nearby Russian troops.

On the southern front, the Russian Ministry of Defense said on the 7th that due to heavy losses of personnel and equipment in the past day, Ukrainian troops did not take offensive actions from the front line of Nikolayev to Krivorog. The Ukrainian Southern Operations Command stated on the 7th that the Ukrainian army destroyed five tanks, and 12 howitzers, on the southern front in the past 24 hours, attacked three ammunition depots, and shot down a Su-25 fighter jet.

is permanently banned! The Russian side announced: Sanctions for these people

The Russian Foreign Ministry issued an announcement on the 5th stating that in response to the Biden administration's expanding personal sanctions on Russian citizens, the Russian Foreign Ministry decided to permanently prohibit 25 U.S. congressmen, senior officials, business and cultural figures from entering the Russian Federation.

The 25 people include US Secretary of Commerce Raymondo, several deputy ministers of the Department of Commerce, as well as American actors Sean Penn, Ben Stiller and others.

Editor: Wang Zhaocheng

Proofreading: Li Lingfeng

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