Hot News
JPMorgan : If the CPI data burst on Thursday, it may cause S&P to fall 5% in one day
In view of the possibility of Federal turning into pigeons after the release of last week's employment report, and speculators are facing high risks before Thursday's Consumer Price Index (CPI). JPMorgan Chase's trading department said that if CPI exceeds the previous value of 8.3% in September, it will be a big trouble for the stock market. Similar to the S&P 500 index 's sharp drop of 4.3% when the CPI data was released, it is very likely that it will be another trading day when it fell by 5% in a single day.
Bank of England governors extinguished expectations of extended rescue: bond purchases rescues is a temporary move, funds only have 3 days
Bank of England governor Bailey said that the stability of the UK financial market faces serious risks, and the turmoil in the market exceeds the results shown by the banking stress test. "Our intervention is temporary and will not be extended. My message to the financial markets, related funds and all companies is that there is only three days to prepare for the worst." The market generally believes that Bailey's statement means that the Bank of England's plans to purchase bonds and stabilize the market will no longer be extended.
Hawkish stance remains unshakable! Fed Mester: Further tightening of policies is needed to reduce inflation
Fed Mester said in a speech on Tuesday that it is necessary to continue hiking interest rates in and that the Fed cannot be complacent as it strives to fight the worst inflation in decades. Mester said that given the current inflation level, its broad coverage and its durability, he believes that monetary policy will need to become more restrictive in order to make inflation sustainable drop to 2%. In terms of monetary policy, Fed officials must weigh the risks of too much and insufficient tightening, but the greater risk at the moment comes from too little tightening, which will lead to high inflation continuing and taking root in the economy. Despite uncertainty, officials still need to take decisive action to control prices, "cautiousness does not mean doing less."
"The worst time has not come yet"! IMF bluntly stated that next year is like a year of recession, urging central bank to not turn to
IMF World Economic Outlook Report once again lowered its global economic growth forecast for next year, saying that the probability of a growth rate below 2% next year is 25%. This year or next year, more than one-third of economies will shrink; now there is both insufficient tightening and the risk of excessive tightening. So far, the price pressure is quite stubborn, and the central bank must firmly focus on suppressing inflation; emerging markets should prevent financial turmoil now, and avoid a new round of sovereign debt crisis. There may be little time left.
US stock is close to bottoming out? Bank of America data: Last week's capital inflows approached a record high
Eastern Time on Tuesday, Bank of America released a report saying that the amount of funds flowing into the US stock market last week was close to the record high, which shows that market investors believe that the US stock market may have bottomed out. However, Bank of America analysts expect that with investors' heavy US CPI and GDP data about to be released soon, and the Federal Reserve is expected to remain firm in raising interest rates in the future, more volatility may occur in the market in the future.
New York Fed September Consumer Inflation Expectation Survey: Inflation expectations for next year fell sharply to 5.4%, the lowest in a year
New York Fed released data from the September consumer expectations survey. The report shows that in September, consumer inflation expectations for the next year fell sharply, from 5.7% to 5.4%, the lowest level since September 2021. However, in September this year, consumer inflation expectations for the next three years rose slightly from 2.8% to 2.9%. However, respondents' expectations for growth in household spending came in a more pessimistic reading, which dropped sharply, from 7.8% in August to 6.0%, the lowest reading since January this year, while setting the biggest monthly drop since the data was launched in June 2013.
U.S. stocks review
NPC triggered plunge in late trading , NPC index fell into technical bear market
Although US stocks tried to pull up in early trading on Tuesday, under the imminent release of US CPI data and the Bank of England refused to extend the rescue project, long sentiment collapsed rapidly in late trading at the end of . Only the Dow rose slightly at the close of the market, the S&P 500 fell 0.65%, and the Nasdaq fell more than 1%, a drop of more than 20% from the recent high. This year, it entered a bear market for the second time.
Most of the large technology stocks fell, Netflix fell nearly 7%, Meta Platforms fell nearly 4%, Microsoft , Apple fell more than 1%, Google and Nvidia fell slightly.
1500 USD! Meta announced the new VR headset, with performance and price upgrades to the high-end
On Tuesday local time, the $Meta Platforms (META.US)$ platform held its annual Connect conference to show the outside world the software and hardware construction of its "meta universe" vision. As the most important part of the press conference, the latest flagship MR device, Meta Quest Pro, was also launched today. According to the official website, the Meta Quest Pro comes with 10 advanced VR/MR sensors, equipped with 12GB RAM and Qualcomm Snapdragon XR2+ processor. The starting price also reaches US$1,499.99, and will be released on October 25 and shipped on October 28. It is currently available for pre-order on the official website.
The capital market also responded to this device in modest response, with Meta closing down 3.92% throughout the day. Since the name change was announced at the Connect conference last year, the company's stock price has fallen by nearly 60%.
Mutoujie's flagship ETF plummeted 62% this year, becoming a typical suffering under the Federal Reserve's interest rate hike
Mutoujie's flagship ETF has fallen to the bottom hit when the epidemic was at its worst. The $7.1 billion $ARK Innovation ETF (ARKK.US) closed at its lowest point since March 2020 on Tuesday. The fund has fallen 62% this year, more than double the S&P 500's decline. It is not only the ARK Innovation ETF that is hit. Short sellers have been targeting funds managed by Ark Investment Management, a subsidiary of Mutoujie, and have increased their efforts to short for these funds.
The United States may classify millions of workers as official businesses, UBER and Lyft "shot" and stock prices fell collectively
On Tuesday, the U.S. Department of Labor announced a proposal that would make millions of cleaners, home care and construction workers, and temporary drivers more likely to be classified as employees rather than independent contractors. Affected by this, the $UBER (UBER.US), which had limited profitability, closed down more than 10%, and the $Lyft Inc (LYFT.US) fell more than 12%.
Musk's goal is achieved? Morgan Stanley lowered its annual delivery expectations for Tesla Tesla
After $TSLA (TSLA.US)$ announced that it was less than expected third-quarter delivery volume, Morgan Stanley analysts cooled down its optimism about the car company, lowering Tesla's delivery volume expectations for this year and next two years and its target stock price. The analyst maintained his "overweight" rating on Tesla on Monday and lowered Tesla's target share price from $383 to $350, citing continued production disadvantages. The analyst also lowered Tesla's target price in bull and bear market situations to $500 and $150 respectively. As of Tuesday's close, Tesla fell nearly 3%.
directly benchmarks Tesla! General Motors entered the energy storage track and expanded its supporting businesses such as solar panels and
On Tuesday local time, GM (GM.US)$ announced on its official website to launch a new energy business, providing a series of energy management products such as battery packs, solar panels, , electric vehicle charging piles, etc. for homes and businesses. To create a new energy ecosystem, the company has also launched two new businesses, Ultium Home and Ultium Commercial, in combination with the existing Ultium Charge 360 to form a new division called "General Energy", the release said.
Barclays: Lower Apple's target price to $155, maintain a stock wait-and-see rating
Barclays analyst Tim Long lowered the target price of $Apple (AAPL.US)$ from $169 to $155, and maintains its stock wait-and-see rating.The analyst believes that even with a 200 basis point incremental forex headwind, Apple's hardware revenue forecast still has a 3% upside in September. He believes that the weak service business was offset by a slight increase in iPhone sales and a sharp increase in MacBook sales, which increased expectations for hardware revenue this quarter.
Tuesday US stock trading volume TOP20
Related reading: TOP20 | Citi : Global economic weakness has led to a slowdown in data center sales, lowering Nvidia's target price to US$210
Hong Kong market forward-looking
North Water increased its holdings Tencent exceeded HK$700 million, and selling Meituan exceeded HK$400 million
Tuesday (October 11), southbound funds net bought 3.12 billion HK$3.12 billion. Tencent Holdings, Hang Seng Chinese Enterprises, and Ideal Auto -W received net purchases of HK$731 million, HK$534 million and HK$357 million respectively; Meituan-W, Geely Auto , Yanzhou Coal Energy, and GCL Technology were respectively net sold for HK$454 million, HK$148 million, HK$145 million and HK$112 million respectively.
Note: Southbound funds have been buying Tencent Holdings for 26 consecutive days since August 25, with a total of approximately HK$8.97 billion.
raised more than HK$50 billion. In the third quarter, the Hong Kong stock IPO market rebounded sharply
After experiencing an overall slowdown in the first half of the year, the Hong Kong stock IPO rebounded sharply in the third quarter, with a total of HK$51.3 billion raised, nearly double the amount raised in the first half of the year. Looking ahead to the fourth quarter, institutions predict that with the positive factors that the Hong Kong Stock Exchange (00388.HK)$ will optimize and adjust the listing rules, the activity of the Hong Kong stock IPO market is expected to further increase.
China Ping An : Original premium income from January to September 604.269 billion
$China Ping An (02318.HK)$ issued an announcement that from January to September 2022, the original insurance contract premium income of the company's subsidiary China Ping An Property Insurance Co., Ltd. , China Ping An Life Insurance Co., Ltd. , Ping An Pension Insurance Co., Ltd., and Ping An Health Insurance Co., Ltd. were RMB 222.02385 billion, RMB 355.29361 billion, RMB 16.08236 billion and RMB 10.86927 billion, totaling RMB 604.269 billion.
Sunny Optical Technology: In September, mobile phone lens shipments were 95.56 million units, a year-on-year decrease of 27.9%.
$Sunny Optical Technology (02382.HK)$ announced the shipments of major products in September 2022. In September 2022, in the optical parts division, the shipment of glass spherical lenses was 1.937 million pieces, a year-on-year decrease of 51.8%; the shipment of mobile phone lenses was 95.56 million pieces, a year-on-year decrease of 27.9%; the shipment of vehicle lenses was 7.67 million pieces, a year-on-year increase of 53.2%; the shipment of other lenses was 9.493 million pieces, a year-on-year decrease of 15.2%. In the optoelectronics product segment, the shipment of mobile phone camera modules was 36.933 million, a year-on-year decrease of 31.2%; the shipment of other optoelectronics products was 4.739 million, a year-on-year decrease of 10.9%. At the same time, the monthly shipment of microscopic instruments was 33,600 pieces, an increase of 40.7% year-on-year.
Follow
Keywords: US September PPI, Minneapolis Fed Chairman Kashkali delivered a speech, Pepsi financial report
Wednesday, in terms of financial data, investors need to pay close attention to the September PPI annual rate that the United States will announce. is currently expected to be 8.4%, less than the previous value of 8.7%. In terms of financial events, Minneapolis Fed Chairman Kashkali delivered a speech, and investors need to pay attention to their latest positions. In terms of
financial report, U.S. stock third-quarter financial report season is about to kick off, and the first to appear is beverage giant $Pep.US$, which will announce its results before the market trading on Wednesday, Eastern Time.
Niu Niu Chen Read:
The best investment under high inflation is to invest in yourself.
—— Buffett
Editor/somer
Risk warning: The views of the author or guest shown above have their own specific positions, and investment decisions must be based on independent thinking. Futu will do its best but cannot guarantee the accuracy and reliability of the above content, nor will it bear any losses or damages caused by any inaccuracy or omission.
