Last night, the United States released the PPI data. US stock closed with plunging , and all three major indexes fell.
Federal meeting minutes show that will still raise interest rates significantly in the next two months, which has also led to a decline in international crude oil prices for three consecutive trading days. The most popular CPI data in
inflation data will be released tonight, and the international financial market is expected to usher in a significant fluctuation.
01
Minutes of the Federal Reserve's September interest rate meeting were announced yesterday. Through the relevant contents, you can see the Federal Reserve's forecast: after the two meetings in November and December this year, there will still be a significant rate hike. The biggest probability will be a 75-point interest rate hike in November and a 50-point interest rate hike in December, and a total of 125-point interest rate hike in the cumulative interest rate hike.
The Federal Reserve has previously raised interest rates five times, with a total of 300 basis points.
If the two interest rate hikes before the end of the year are completed as planned, the interest rate will exceed 4%, which is getting closer to the expected 4.5%.
However, since this is the content of last month's meeting, the market is more concerned about the statements of relevant Federal Reserve officials after CPI were announced tonight.
But no matter what, repeated interest rate hikes seem to have failed to control inflation, the only effect is to hit the economy.
02
US stocks did not rise or fall much last night. The index was in a slight state of rising during most of the time period. It was only when it was approaching the closing. In the end, all the three major indexes closed down, but the decline was not much.
Dow Jones and Nasdaq both mean a decline of 0.1%, while the S&P 500's decline was only 0.3%. Although
fell slightly yesterday, due to the continuous decline, the Dow Jones Industrial Average has fallen from 30,454 points last Wednesday to 29,210 points this Wednesday, down more than 1,200 points.
The status of US stocks is relatively close to that of European stock markets. Yesterday, European stock markets also fell collectively, but the same decline was not large. France and Germany were 0.2% and 0.4% respectively, while the UK fell nearly 0.9%.
Because the index is calm, the rise and fall of stock is not large.
The higher the technology giant stocks include Netflix rising 3%, while the rise and fall of many other stocks are within 1%.
However, the number of cruise stocks that reflect the restart of the economy has risen a lot, with the increase of Norway cruise ship and Royal Caribbean cruise ship both exceeding 10%.
The United States can now impose fewer and fewer sanctions. Recently, the United States has set its sights on Russia's aluminum ore exports. Biden plans to completely ban the import of Russian aluminum ore , which has led to a 7% increase in the price of metal aluminum in the London futures market, which has also driven the rise of individual stocks in the US aluminum sector, with more than 5% of individual stocks.
and Chinese stocks listed in stopped a sharp decline for two consecutive days, and rose slightly by 0.21% yesterday, outperforming the market.
03
Yesterday, the U.S. Department of Labor took the lead in releasing the PPI in the inflation data. Whether from a month-on-month or year-on-year perspective, the PPI data are higher than previous market expectations, indicating that the U.S. inflation is still not controlled, and it may even rise again.
08 PPI showed a month-on-month decline, but again rose month-on-month in September, and the increase was higher than expected; at the same time, compared with the same period last year, PPI increased by 8.5%, indicating that it is still at a historical high.
Currently IMF once again lowered its growth expectations in the United States. In July, it predicted that the United States could harvest a growth rate of 2.3% this year, and it is currently downgraded to 1.6%, while the growth rate for next year is expected to be 1%.
was affected by a series of unsatisfactory economic data, and international crude oil prices fell for three consecutive trading days.
WTI crude oil price was at its highest of $93.64 on Monday, barely holding above $90 at the close, but fell below $90 on Tuesday, fluctuating up and down on Wednesday, and finally fell 2.5%, closing at $87.1, and it had fallen below $87 during the session.
The crude oil price has fallen continuously in the past three trading days and has fallen by more than $6.
OPEC's production cut agreement has an impact on the market.
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