US stocks market: On Friday, Eastern Time, the three major U.S. stock indexes rose and fell, and the Nasdaq hit a new historical closing high. As of the close, the Dow closed down 0.21%, down 74.73 points to 35369.09 points; the Nasdaq closed up 0.21%, up 32.34 points to 15363.52 points; the S&P 500 index closed down 0.03%, down 1.52 points to 4535.43 points. The Dow Jones Industrial Average fell 0.24% this week, the Nasdaq rose 1.55% this week, and the S&P 500 rose 0.58% this week.
On the market, technology stock led the rise, Apple rose 0.42%, continuing to hit a record closing high, Nvidia rose 2%, Amazon rose 0.43%, Netflix rose 0.34%, Google-A rose 0.32%, Facebook rose 0.26%; the banking and engineering machinery sectors dragged down the Dow Jones Industrial Average, American Express fell 1.7%, General Electric fell 1.42%, Honeywell fell 1.13%, and Caterpillar fell 0.67%; Chinese education stocks rebounded, NetEase Youdao rose more than 9%, and Zhangmen Education rose more than 5%.
European stock market: On Friday, European time, the three major European stock indexes closed lower. As of the close, the UK FTSE 100 index closed at 7138.35 points, down 25.55 points from the previous trading day, a drop of 0.36%; the French CAC40 index closed at 6689.99 points, down 73.09 points from the previous trading day, a drop of 1.08%; the German DAX30 index closed at 15781.20 points, down 59.39 points from the previous trading day, a drop of 0.37%.
Commodity Market: On Friday, Eastern Time, international oil prices fell. As of the close, New York October crude oil futures closed down 1.0%, down 0.7 US dollars to $69.29 per barrel. Brent November crude oil futures closed down 0.58%, down 0.42 USD to $72.61 per barrel. international gold price rose. As of the close, the December gold futures market, which was the most active trading market in the New York Mercantile Exchange, rose by $22.2 on the 3rd compared with the previous trading day, closing at $1,833.7 per ounce, with the increase of at 1.23%.
The following is a summary of important information in the global market:
overnight news
The unemployment rate in August fell, but the new non-agricultural employment was far lower than expected
Data released by the US Department of Labor on the 3rd showed that the unemployment rate in August fell by 0.2 percentage points month-on-month to 5.2%, but the number of new jobs in the non-agricultural sector was only 235,000, far lower than expected. Data shows that the U.S. unemployment rate continued to decline in August, but it was still 1.7 percentage points higher than before the outbreak of the new crown epidemic in February last year. Specifically, the number of unemployed people in the United States dropped to 8.4 million in August. The number of long-term unemployed people who have been unemployed for more than 27 weeks fell by 246,000 to 3.2 million month-on-month, 2.1 million higher than in February last year. The number of people who were unable to go out to find a job due to the epidemic was 1.5 million, a slight decrease from the previous month, indicating that the epidemic situation in the United States has once again had an impact on the recovery of the employment market.
35,000 new non-agricultural population in August were far less than expected Fed will the attitude of Taper change?Fed officials have previously continuously emphasized the importance of the monthly non-farm employment report, which is also widely regarded by the market as an important guiding indicator for the time when the Fed begins to reduce the scale of asset purchases. The Fed has previously sent out Taper signals, planning to start shrinking debts in the next few months. Now, with far-low expectations of non-agricultural data coming out, this decision is likely to be questioned.
weak non-farm is surprising! Biden condemns Delta variants, unvaccinated people
On Friday (September 3), US President Biden accused the coronavirus pandemic of causing a surprisingly weak employment report. He pointed out that even in the case of the highly contagious Delta virus variant, some Americans still have not been vaccinated. The U.S. Department of Labor reported that non-farm employment rose by only 235,000 in August, far below the 720,000 economists predicted. The report shows that the total monthly employment is the lowest since January. Shortly after the data was released, Biden said in White House : "There is no doubt that the Delta variant is why today's employment report is not strong."
US stock IPO market is expected to improve in the second half of the year. A new report from Renaissance Capital shows that there are about 90 to 110 IPOs in the next four months of 2021. There are about 375 IPOs in the whole year of 2021, with a total financing of $125 billion. If expectations are not much deviation, 2021 will be the highest total financing year in history and the largest number of IPOs since the 2000 Internet bubble.
Another pandemic that is more serious than the new crown is coming soon? The United States proposes a $65 billion plan to fight the next biological threat
On Friday (September 3), the Biden administration proposed a $65 billion Plan, U.S. officials say, this will help the United States fight the next biological threat as the coronavirus subsides. U.S. President Biden’s scientific adviser and director of the Office of Science and Technology Eric Rand said on a background call with reporters on Friday that the next pandemic may be "very different" from COVID-19 , so the U.S. government must now prepare to deal with any future virus threats.
Foreign market overview
U.S. stocks’ three major indexes are mixed Nasdaq hits new closing high The technology sector led the rise strongly
East time, U.S. stock market three major indexes rose and fell mixed, and the Nasdaq hit a new record closing high. As of the close, the Dow Jones Industrial Average fell 0.21%, the Nasdaq rose 0.21%, and the S&P 500 fell 0.03%. On the market, technology stocks led the rise strongly, Nvidia rose 2%, Apple rose 0.42%, and Amazon rose 0.43%, and Soaring 0.34%, Google-A rose 0.32%, Facebook rose 0.26%; Banking and engineering machinery sectors dragged down the Dow Jones Industrial Average, American Express fell 1.7%, General Electric fell 1.42%, Honeywell fell 1.13%, and Caterpillar fell 0.67%; Chinese education stocks rebounded, NetEase Youdao rose more than 9%, and Zhangmen Education rose more than 5%.
European stock indexes closed lower across the board Eurozone Corporate Activity remains strong
On Friday, European time, the three major European stock indexes closed lower across the board. As of the close, the UK FTSE 100 index closed at 7138.35 points, down 25.55 points from the previous trading day, down 0.36%; the French CAC40 index closed at 6689.99 points, down 73.09 points from the previous trading day, down 1.08%; the German DAX30 index closed at 15781.20 points, down 59.39 points from the previous trading day, down 0.37%.
International oil prices fell U.S. oil futures closed down 1%
International oil prices fell on Friday Eastern Time. As of the close, New York October crude oil futures closed down 1.0%, down 0.7 US dollars to $69.29 per barrel. Brent November crude oil futures closed down 0.58%, down 0.42 US dollars to $72.61 per barrel.
international gold price closed up 1.23%. This week, the international gold price rose 0.8% on Friday, Eastern Time, and the price of international gold rose. As of the close, the most active December gold futures market trading in the New York Mercantile Exchange rose 22.2 US dollars on the 3rd compared with the previous trading day, closing at US$1,833.7 per ounce, an increase of 1.23%, and the total increase this week was 0.8%.
(Article source: Oriental Wealth Research Center)
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