US stocks market: On Friday, Eastern Time, the three major U.S. stock indexes closed up and down, Dow closed down for the third consecutive day, and the Nasdaq hit a new closing high. As of the close, the Dow Jones Industrial Average closed down 268.97 points to 35,601.98 points, a drop of 0.75%; the Nasdaq closed up 63.73 points to 16,057.44 points, and the increase of was 0.40%; the S&P 500 index closed down 6.58 points to 4,697.96 points, a drop of 0.14%. On the market, bank stocks fell across the board, Bank of America fell 1.99%, and Wells Fargo fell 2.16%. The large-scale technology stocks in the U.S. stock market were mixed, with Apple rising 1.70%, and Amazon falling 0.53%. Energy stocks fell collectively, with ExxonMobil falling 4.62%, and Schlumberger falling 5.68%. Popular Chinese stocks listed in rose and fell, Good Future rose 18.35%, and Fangduoduo fell 14.00%. Chinese new energy vehicle stocks rose and fell mixed, with NIO rising 0.65%, Xiaopeng Motors falling 0.80%, and Ideal Auto falling 1.23%.
European stock market: On Friday, European time, European stock markets fell across the board. As of the close, the 100 stock average price index of London stock market in the UK closed at 7223.57 points on the 19th, down 32.39 points from the previous trading day, down 0.45%; the CAC40 index in the French Paris stock market in the French closed at 7112.29 points, down 29.69 points from the previous trading day, down 0.42%; the DAX index in the German Frankfurt stock market in the German stock market DAX index closed at 16159.97 points, down 61.76 points from the previous trading day, down 0.38%.
Commodity Market: On Friday, Eastern Time, international gold price fell. As of the closing, New York Mercantile Exchange gold futures market, the most active trading December gold futures market, fell $9.8 on the 19th from the previous trading day, closing at $1,851.6 per ounce, a drop of 0.53%. International oil prices fell significantly, with U.S. oil falling by more than 3%. As of the close, New York's December crude oil futures closed down $2.91, down 3.68%, to $76.10 per barrel; Brent HTML April crude oil futures closed down $2.35, down 2.89%, to $78.89 per barrel.
The following is a summary of important information in the global market:
overnight news
US House of Representatives voted to pass the social welfare and climate change bill
US House of Representatives voted to pass the social welfare and climate change bill on the 19th local time. Democratic lawmakers believe the bill has "historical significance" and will benefit American families and provide guarantees for them. Republican lawmakers believe that the bill will aggravate inflation, increase fiscal deficits, and increase the risk of economic overheating.
CBO said the Social Spending Act would generate a $367 billion deficit White House does not agree with
It is reported that the U.S. Congressional Budget Office (CBO) evaluated the Build Back Better Act of President Biden . Among them, analysis shows that the Rebuild Better Future Act will increase the federal budget deficit by $367 billion in the next 10 years. However, the White House said the Rebuild Better Future Act would reduce the deficit by $112 billion over the next decade, according to a new analysis.
Federal Director Waller: Taper should be completed in April next year. Leave more room for rate hikes
Federal Director Christopher Waller said on Friday (November 19) that if the pressure of high inflation and the trend of employment growth continues, the Fed should consider speeding up the pace of reducing bond purchases (Taper) in order to leave more room for earlier rate hikes. Waller advocates the Federal Reserve to double the pace of Taper in January next year and withdraw all purchase plans by April.
Democratic senator is optimistic that Powell will be re-elected as chairman of the Federal Reserve
According to reports, Democratic senator Joe Manchin said that the current Fed Chairman Powell is likely to be nominated again. But at the same time, he said no decision has been made on whether to support Powell's re-election. Manchin said earlier this week that he was trying to arrange a meeting with Powell to discuss his concerns about inflation and quantitative easing.
"Mrs. Inflation" reiterated that the ECB will not tighten too quickly and reminded the market not to expect any interest rate hikes next year
ECB President Lagarde reiterated on Friday (November 19) that the ECB is still unlikely to meet the interest rate hike conditions next year. Lagarde said at the European Banking Conference held in Frankfurt: " inflation is largely driven up by the special circumstances of the new crown pandemic. monetary policy must be patient and determined to ensure that inflation continues to return to our 2% target."
The US Drug Administration approved that adults can be vaccinated with Pfizer and Moderna vaccine strengthening injections
On November 19, local time, the US Food and Drug Administration approved that all adults can be vaccinated with Pfizer and Moderna vaccine strengthening injections. At this point, only if , the US Centers for Disease Control and Prevention, , provide final guidance, American adults can begin to receive enhanced shots of these two vaccines.
Overview of the foreign market
US stock Dow Jones fell three times, Good Future rose 18.35%
On Friday, Eastern Time, the three major U.S. stock indexes closed up and down, and the Dow Jones closed down for the third consecutive day. As of the close, the Dow Jones Industrial Average closed down 268.97 points to 35,601.98 points, a drop of 0.75%; the Nasdaq closed up 63.73 points to 16,057.44 points, a gain of 0.40%; the S&P 500 closed down 6.58 points to 4,697.96 points, a drop of 0.14%. On the market, bank stocks fell across the board, with Bank of America falling 1.99% and Wells Fargo falling 2.16%. Technology stocks rose and fell mixed, with Apple rising 1.70% and Amazon falling 0.53%. Energy stocks fell collectively, with ExxonMobil falling 4.62% and Schlumberger falling 5.68%. Popular Chinese stocks rose and fell in a mixed manner, with Good Future rising by 18.35%, and Fangduoduo falling by 14.00%. Chinese new energy vehicle stocks rose and fell mixed, with NIO rising 0.65%, Xpeng falling 0.80%, and Ideal falling 1.23%.
London stock market fell on the 19th
European time on Friday, European stock markets fell across the board. As of the close, the 100 stock average price index of the London Stock Exchange in the UK closed at 7223.57 points on the 19th, down 32.39 points from the previous trading day, down 0.45%; the Paris Stock Market CAC40 index of France closed at 7112.29 points, down 29.69 points from the previous trading day, down 0.42%; the Frankfurt Stock Market DAX index of Germany closed at 16159.97 points, down 61.76 points from the previous trading day, down 0.38%.
International oil prices fell significantly, US oil fell more than 3%,
On Friday, Eastern Time, international oil prices fell significantly, US oil prices fell more than 3%. As of the close, New York's December crude oil futures closed down $2.91, down 3.68%, to $76.10 per barrel; Brent's January crude oil futures closed down $2.35, down 2.89%, to $78.89 per barrel.
New York gold price fell on the 19th
Eastern Time on Friday, international gold prices fell. As of the close, the most active December gold futures market trading in the New York Mercantile Exchange gold futures market fell $9.8 on the 19th from the previous trading day, closing at $1,851.6 per ounce, a drop of 0.53%.
(Article source: Oriental Wealth Research Center)
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