01
The three major U.S. indexes fell sharply last night, all of which fell more than 1.5%. Among them, the Dow Jones Industrial Index fell by 1.71%, down 500 index points.
has hit an adjusted low of 28,715.85 to the Jones Industrial Index, which is equivalent to the index returning to its level in early November 2020.
rebounded from its rebound high of 34281 points in early August to now, in just 6 weeks, the Dow Jones Industrial Average has fallen by more than 5500 points. Moreover, in these 6 weeks, there was only one week of rise, and the rest of the time was all falling.
At the same time, the lowest S&P 500 index last night was 3584 points, which is also the low point since this round of adjustment. Currently, only Nasdaq index is one step away from 10,565 points in mid-June, and has not yet hit a new low.
02
Before the opening of in the stock market last night, the United States announced the core PCE price index for August, which was previously expected to be 4.7%, compared with 4.6% in the previous month. The final data released reached 4.9%. Not only higher than the previous month, but also higher than market expectations.
This means that although international oil prices have seen a significant pullback and grain and other prices have also fallen, inflation continues to penetrate into other areas. The United States hopes to control inflation as soon as possible, but it is getting more and more difficult.
Moreover, from the past data in the figure above, we also see that the United States repeatedly hopes that inflation will peak and fall, but its hopes will be lost again and again.
's PCE index fell from 5 to 4.7 last month, but unexpectedly, it has risen to 4.9 now. It seems that the decline last month was just a "fake fall".
In this way, the inflation in the United States will continue to toss and struggle repeatedly. Currently, the market generally predicts that before the end of the year, the United States will raise interest rates by and reach 125 points.
03
On the other hand, the US financial report season is approaching, and more and more companies are beginning to publish financial reports, which is also an uncertain factor for the US stock market.
The large technology stocks were almost all falling last night. After Apple fell 5% the day before, it fell 3% again yesterday.
Amazon , Google , Microsoft , and Netflix all fell nearly 2%.
new energy vehicles continue to fall, and Tesla fell 1.1% yesterday after a sharp decline in the previous day. Xiaopeng Motors and Ideal Auto from China fell 1.3% and 1.5% respectively, but NIO rose 1.2%.
Other Chinese stocks listed in have risen and fallen, Alibaba has risen by 1%, Pinduoduo has risen by 2%, but JD has fallen by 1.85%, and Baidu has fallen by 0.2%.
04
Euro zone also announced CPI yesterday, with the initial value in September rising 10%, up 9.7% from expected and 9.1% last month.
Even after deducting energy and food, the core CPI's increase still reached 6.1%, 0.5 percentage points more than the expected value of 5.6%.
is relatively less optimistic in Europe than in the United States, and there is no way to stop the rise.
But yesterday, the European stock market experienced a magical rise.
except for the UK's FTSE 100 index, which has a small increase, the stock indexes of France, Germany, Netherlands , Italy, Belgium , Austria and other countries all rose by more than 1%, and even some countries exceeded 1.5%. In terms of
commodity , gold fell slightly, still around US$1,650; while crude oil price fell below US$80 again, indicating that it is difficult to rise with weakness.
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