On Friday local time, the market's concerns about the global central banks hike rate triggering an economic recession. Investors sold stocks and bonds, accelerating the buying of US dollar to safe-haven. The three major stock indexes in the US New York stock market fell across the board. As of the close, the Dow Jones Industrial Average fell 1.62%, the S&P 500 index fell 1.72%, and the Nasdaq fell 1.80%. Among them, the Dow Jones Industrial Average lost the important integer mark of 30,000 points for the first time since June 17 this year, falling to a new low since November 2020. S&P Among the 11 sectors of the market, the energy sector fell by nearly 6.8% due to the sharp drop in international oil prices that day. In terms of stocks, Marathon Oil fell 10.94%, Devin Energy fell 8.60%, and energy giant Chevron fell 6.53% to lead the Dow Jones.
The market further declined the outlook for the US economy
Wall Street investment bank Goldman Sachs believes that the risk of a "hard landing" of the US economy has risen significantly, and has lowered its expectations for the S&P 500 index at the end of this year, sharply lowering it from 4,300 points to 3,600 points. The latest questionnaire results of CNBC's latest survey to economists, fund managers and stock market strategists show that respondents generally predict that the probability of the US economy falling into a recession in the next 12 months has risen to 52%.
This week, the three major stock indexes of the US stock have fallen sharply, with a decline of more than 4%, and this week, many countries around the world central banks followed the pace of the Federal Reserve and raised interest rates sharply. The wave of interest rate hikes impacted investor confidence, exacerbated the risk of the global economy falling into recession, and also set off a wave of selling in the stock market. Affected by this, the three major U.S. stock indexes have fallen sharply for the second consecutive week, with the Dow Jones Industrial Average falling 4.06%, the S&P 500 falling 4.64%, and the Nasdaq falling 5.07%.
The three major European stock markets fell sharply on the 23rd on the 23rd on the European side. In terms of Europe, the latest euro zone and Germany released on Friday were poor, causing investors to further decline the economic outlook for Europe. The three major European stock markets fell sharply on the whole side that day. As of the close, the UK stock market fell 1.97%, the French stock market fell 2.28%, and the German stock market fell 1.97%.
23 pound and euro exchange rates continued to fall against the US dollar
foreign exchange market, a large number of safe-haven funds rushed to the US dollar, pushing the dollar index to rise 1.65% in one day on Friday, rising above 113. In the UK, in order to cope with the recession, the comprehensive tax cut plan proposed by the British government has made investors worried about the UK's fiscal situation and sold a large number of British Treasury bonds. Affected by this, the exchange rate of the pound against the US dollar fell sharply, falling 3.69% in one day, breaking through the two thresholds of 1 to 1.12 and 1.11, closing at 1 pound to 1.0847 US dollars, hitting a new low in 37 years. Eurozone economic outlook is worrying, the euro against the US dollar fell below the 1 to 0.97 mark on Friday, closing at 1 euro to 0.9674 US dollars, hitting a new low in the past 20 years.
23 international oil prices suffered a sharp drop, falling to a new low in eight months
In the crude oil market, due to factors such as the strong US dollar and investors' dissatisfaction with the world economic outlook, international oil prices suffered a heavy drop on Friday, falling to a new low in eight months. New York oil prices have fallen below the $80 per barrel mark again since January this year.
This week, international oil prices fell sharply this week. This week, international oil prices fell cumulatively due to the impact of global central banks' interest rate hikes and the strong US dollar. New York oil prices fell 7.48%, while Brent oil prices fell 5.69%.
23 international gold price fell significantly
precious metals market, the sharp rise in the US dollar index and the rise in yields of US bonds put pressure on international gold prices. The New York Stock Exchange's December gold futures price fell 1.52% on Friday to US$1,655.6 per ounce.
(CCTV Finance)
