China Fund News Taylor
Hello everyone, let’s take a look at the big events on the evening of the 13th.
13 On the evening of the evening of 13, the US inflation data CPI exceeded expectations again. US stocks crashed before the market, and then opened and fell sharply. However, just now, the United States seemed to have staged a miracle day, opening low and closing high!
US stocks stage a miracle day!
On Thursday evening, Beijing time, the U.S. Department of Labor released the latest inflation data that has attracted much attention from the market.
On October 13, U.S. Bureau of Labor Statistics released data showing that the US CPI in September rose 8.2% year-on-year, higher than the market's expectations of 8.1%, and the previous value of 8.3%;
9 September's CPI rose 0.4% month-on-month, twice the market's expectations of 0.2%, and significantly higher than the previous value of 0.1%.
is below its peak of 9% in June, but remains at its highest level since the early 1980s.
After the US September CPI data was released, interest rate futures data showed that the current market expects that the probability of FOMC hiking interest rates by 75 basis points in November is close to 100%. The probability of aggressive rate hikes of 100 basis points is 7%; the market seems to have completely ruled out the possibility of raising interest rates by 50 basis points.
Excluding the high volatility of food and energy prices, core CPI rose 0.6% month-on-month in September, higher than the market expectations of 0.4%. Core CPI rose 6.6% year-on-year in September, returning to its highest level in more than 40 years.
htmlThe year-on-year increase of nominal and core CPI in September was higher than expected, and the year-on-year increase of core CPI returned to its 40-year high, indicating that the inflation pressure in the United States is still huge, strengthening the possibility that the Federal Reserve will raise interest rates again in November and even continue to be aggressively tightened in December.Before the September CPI report was released, the September Producer Price Index (PPI) released by the U.S. Department of Labor on Wednesday also exceeded expectations. The United States PPI rose 0.4% month-on-month in September, and the market is expected to increase by 0.2%. In September, PPI increased by 8.5% year-on-year, a slight decrease from the year-on-year increase of 8.7% in August.
Analysts said that the September inflation data, including core CPI inflation, was unexpectedly high, strengthening the Fed's expectation of a 75 basis point rate hike at its November meeting. swap market predicts that the Fed will raise interest rates by at least 75 basis points in November, and the probability of 100 basis points is about 10%.
market expects that by March 2023, the federal funds rate will peak at 4.85%. U.S. short-term interest rate traders expect that the possibility of the Federal Reserve's policy interest rate reaching the range of 4.75%-5% in March 2023 is becoming increasingly high. After the
data came out, before the US stock market and during the European market, the fund broke out in the picture and all of them dived into .
Fund Jun thought about the content and title of the manuscript tonight. As a result, after the opening of the US stock market, a miracle day also took place, and the Dow Jones Industrial Average reversed 1,000 points! There is no way, I can only rewrite it!
As of press time, US stocks fell more than 500 points from the opening to more than 700 points, rebounded more than 1,260 points from the bottom, and Nasdaq fell more than 3% to more than 1%. It's so exciting. I hope that A shares can also show off together on Friday!
European stock market also followed Deep V.
A50 has also risen back.
USD index surged and fell.
Chinese stocks listed in the United States rose, and the decline narrowed.
The atmosphere is set in this way, and the Fund Jun has to launch the skills to find the reasons again. The energy and financial sectors are the first to pull up the US stock market . The energy sector rose by more than 3%, the financial sector smoothed out the decline of more than 2% in the early trading session, and the Philadelphia Bank Index rose by more than 3%. Among the big banks, Citi once rose by more than 5%, Bank of America and JPMorgan once rose by more than 4%.
Previously, US Commerce Secretary Raymondo said that Biden will consider some targeted tariff reductions. In addition, investors also digested the minutes of the Federal Reserve's September meeting released on Wednesday. The meeting minutes show that the central bank is expected to continue hiking interest rates until inflation falls. But one comment led some to believe that the Fed could slow down interest rate hikes if the rate hikes continued to turmoil.
In addition, investors may be betting on stronger than expected inflation reports means that price increases will soon peak."We have a last breath of inflation and start slowing down from here," said Liz Ann Sonders, chief investment strategist at Schwab Financial . However, she added that stocks may continue to fluctuate as investors digest more inflation data and the financial season begins.
These things happened roughly in the US stock market.
12 days 8 boards Rainbow Group
Currently, the order amount in hand is about 1.33 million
Orders with more than one million rose by 8 boards, and this happened to Rainbow Group in A-shares.
On October 13, as of the close of the market, Rainbow Group hit the daily limit again, recording 8 rebounds in 12 days. The stock has started a continuous board trend on September 21, and has risen by more than 113% as of the 13th.
On October 13, Rainbow Group responded to a letter of concern. As of now, the main models of electric blanket products have passed the CB system safety performance test, and have successively obtained CE, UKCA, GS, SAA, and ZA certifications, and passed the chemical test of toxic and harmful substances for EU (REACH, RoHS, PAHs). In 2022, the company received some product export orders, with a small quantity and low amounts. As of the end of June, household flexible heating products such as electric blankets achieved overseas sales revenue of 210,000 yuan. In addition, the current order amount is about 1.33 million yuan, accounting for 0.13% of the company's total operating income in the previous year.
Let’s just go tonight!
