US stock market: On Wednesday, Eastern Time, the three major indexes of US stock market collectively rose, and the Nasdaq and S&P hit a new record high. The market is paying attention to the US epidemic and the upcoming Fed annual meeting. As of the close, Dow Jones Index rose 39.24 points, rose 40.11% to 35,405.50 points; Nasdaq Index rose 22.06 points, 0.15%, to 15,041.86 points; S&P 500 Index rose 9.96 points, or 0.22%, to 4,496.19 points.
On the market, the large-scale technology stocks in the US stock market rose and fell mixed, Facebook rose 0.79%, and Apple fell 0.84%. Bank stocks rose collectively, with JPMorgan Chase rising 2.06%, and Wells Fargo rising 1.92%. Most of the popular Chinese stocks listed in fell back, Good Future fell more than 7%, Gaotu Education fell more than 6%, Yi Education and New Oriental fell more than 5%; Alibaba , Pinduoduo, Shell, and Huya fell more than 1%, TSMC rose 4.39%, rumored that TSMC notified customers to raise prices by 20% in a comprehensive manner.
European stock market: On Wednesday, European time, European stock markets generally closed higher, and investors were waiting for the important meeting of the central bank governors of various countries. As of the close, German DAX30 Index closed down 45.19 points, or 0.28%, to 15,860.66 points; the UK FTSE 100 Index closed up 24.34 points, or 0.34%, to 7,150.12 points; the French CAC40 Index closed up 12.17 points, or 0.18%, to 6,676.48 points.
Commodity Market: On Wednesday, Eastern Time, international gold price fell. As of the close, the most active December gold futures market trading price of New York Mercantile Exchange gold futures market fell by $17.5 on the 25th from the previous trading day, closing at $1,791 per ounce, a drop of 0.97%. International oil prices rose, with U.S. oil and Brent oil both rising by more than 1%. As of the close of the day, the price of for light crude oil delivered on the New York Mercantile Exchange in October rose by $0.82 to close at $68.36 per barrel, an increase of 1.21%; the price of London Brent crude oil futures for October delivery rose by $1.20 to close at $72.25 per barrel, an increase of 1.69%.
The following is a summary of important information in the global market:
overnight news
The United States plans to increase punishment for local companies to transfer profits overseas
The Democrats of the United States have proposed a plan that if American companies transfer profits overseas, they will face more severe punishment. The plan shows that big companies may have to pay higher taxes from next year. When the draft legislation was released Wednesday, U.S. Senate Finance Committee Chairman Ron Wyden said for decades multinational corporations have benefited from loose tax regulations that allow them to transfer profits and job opportunities overseas.
U.S. mortgage rates fell for the first time in three weeks, and demand did not surge.
U.S. mortgage rates fell slightly last week after three consecutive weeks of rising, but it seems that there is no big impact on mortgage demand. The U.S. Mortgage Bankers Association's seasonally adjusted index showed that the total number of applications last week increased by 1.6% from the previous week. The average contract rate for 30-year fixed-rate mortgages fell from 3.06% to 3.03%.
European Central Bank Deputy Governor: Q3 economic indicators are strong, and the euro zone economic forecast may be raised in September
According to reports, European Central Bank Deputy Governor Luis de Guindos said that due to strong economic indicators in the third quarter, the European Central Bank may raise its macroeconomic forecast for the euro zone at its meeting held in September. The European Central Bank will announce its interest rate decision on September 9. In July, the ECB kept interest rates unchanged but said it expected key rates to remain at current or lower until it saw inflation reach 2%.
belated crisis! The impact of Brexit on supply chains and labor has emerged after the unblocking
On Wednesday (August 25), the UK economy fell into a supply chain crisis with the easing of coronavirus restrictions and reopening of businesses. A monthly survey conducted by the British Federation of Industry showed that inventory levels of major retailers fell to negative 21%, the lowest level since record in 1983, due to the pandemic and workers shortages and transportation disruptions caused by the Brexit . The affected industries include restaurants, bars and wholesalers, as well as health care and construction groups.
Economic growth is weak, major central banks are struggling, Taper
University of Michigan 8 Consumer confidence index initial value still hit a new low since 2011. Secondly, the U.S. retail sales fell sharply again in July. In addition, the euro zone's GDP is still 4% lower than its pre-epidemic level. Central Bank is facing a "devil's dilemma" caused by its own policies. Now, each central bank has two choices: either keep inflation , causing stagflation problems; or scare off the market by reducing bond purchases.
Overview of the foreign market
The three major indexes of the US stock market collectively rose, Nasdaq and S&P hit a new record high
On Wednesday, Eastern Time, the three major indexes of the US stock market collectively rose, Nasdaq and S&P hit a new record high, and the market is paying attention to the US epidemic and the upcoming Federal Reserve annual meeting. As of the close, the Dow Jones Index rose 39.24 points, or 0.11%, to 35,405.50 points; the Nasdaq Index rose 22.06 points, or 0.15%, to 15,041.86 points; the S&P 500 rose 9.96 points, or 0.22%, to 4,496.19 points. On the market, large-scale technology stocks in the US stock market rose and fell mixed, with Facebook rising 0.79%, and Apple falling 0.84%. Bank stocks rose collectively, with JPMorgan rising 2.06% and Wells Fargo rising 1.92%. Most popular Chinese stocks fell back, with Good Future falling by more than 7%, Gaotu Education falling by more than 6%, Yi Education and New Oriental falling by more than 5%; Alibaba, Pinduoduo, Shell, and Huya falling by more than 1%, TSMC rising by 4.39%, rumored that TSMC notified customers to raise prices by 20% across the board.
The European Central Bank is willing to take action to deal with any spillover effects of the Federal Reserve. European stock markets generally closed higher
European time on Wednesday, European stock markets generally closed higher, and investors were waiting for central bank governors to hold important meetings. As of the close, the German DAX30 index closed down 45.19 points, or 0.28%, to 15,860.66 points; the British FTSE 100 index closed up 24.34 points, or 0.34%, to 7,150.12 points; the French CAC40 index closed up 12.17 points, or 0.18%, to 6,676.48 points.
International gold price fell and closed at $1791 per ounce
Eastern Time on Wednesday, international gold price fell. As of the close, the most active December gold futures market in the New York Mercantile Exchange gold futures market fell $17.5 on the 25th from the previous trading day, closing at $1,791 per ounce, a drop of 0.97%.
International oil prices rose, US oil and Brent oil both rose by more than 1%
Eastern Time, international oil prices rose, while US oil and Brent oil both rose by more than 1%. As of the close of the day, the price of light crude oil futures for October delivery on the New York Mercantile Exchange rose by $0.82 to close at $68.36 per barrel, an increase of 1.21%; the price of London Brent crude oil futures for October delivery rose by $1.20 to close at $72.25 per barrel, an increase of 1.69%. Data released by the U.S. Energy Information Administration on the 25th showed that U.S. commercial crude oil inventories last week were 432.6 million barrels, a month-on-month decrease of 3 million barrels.
(Article source: Oriental Wealth Research Center)
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