overnight, US stock fluctuated wide. After the three major indexes opened sharply higher by 2% in the early trading, the profit orders were realized recently, and to , the market , the market , fell sharply, but the bulls had strong bearing power, and the market finally closed higher, with the amplitude of , Nasdaq in the day 2.84%; the United States plans to release up to 15 million barrels of reserve oil.
See the specific data of the US stock market. By the close, the Dow Jones Industrial Average rose 337.98 points, 1.12%, closing at 30,524 points; Nasdaq Comprehensive Index rose 96.60 points, rose 0.90%, closing at 10,772 points; S&P 500 Index rose 42.03 points, up 1.14%, closing at 3,720 points.
In terms of European stock markets, at the close, the British Financial Times 100 index rose by 0.24%, France CAC40 index rose by 0.44%, Germany DAX30 index rose by 0.92%, Italy MIB index rose by 0.93%, Austrian ATX index rose by 0.25%, and Spain IBEX35 index rose by 0.72%.
International crude oil Futures In terms of the U.S. oil main contract closed at US$82.83 per barrel, a drop of 2.01%, and Brent oil main contract closed at US$90.64 per barrel, a drop of 1.07%.
Global related news, according to Xinhua News Agency , the "North Stream" section video was exposed for the first time, almost excluding the possibility of unexpected events. Swedish "Express" released a video of the leak point of the Baltic " Nordic Stream-1" pipeline. The screen showed that the "Nordic Stream-1" pipeline had a gap of at least 50 meters long, and some parts were deformed. According to this media, this is the first time that the "North Stream-1" pipeline has been disclosed.
This media reported that the United States plans to release another 10-15 million barrels of oil reserves to balance the market and prevent further rise in gasoline prices. The U.S. government is still considering limiting fuel exports. The United States is said to be planning to buy crude oil at a price of up to $67-72 per barrel to supplement emergency reserves.
U.S. crude oil inventories are expected to rise for the second consecutive week, with the largest shale oil production in October expected to rise to a record high. At the same time, OPEC+ defended its decision to cut production by 2 million barrels per day from November, saying that the rising risk of global economic recession will suppress potential demand prospects. On the 18th local time, Jordanian Ministry of Foreign Affairs and Overseas Chinese Affairs spokesman Shinan Majali said that Jordanian called on Saudi Arabia to have further dialogue with the United States on the "OPEC+" production cut decision. The Saudi Foreign Ministry issued a statement on the 13th of this month confirming that the United States had "suggested" to Saudi Arabia to postpone the implementation of the production cut plan, which was rejected by Saudi Arabia. "Solving economic challenges requires non-political constructive dialogue, wisely and rationally considering the interests of all countries," the Saudi Foreign Ministry said in a statement.
Fed 8-September Discount Rate Minutes show that the Fed decided to raise the discount rate by 75 basis points, but some Fed supervisors tend to increase the discount rate by smaller or larger. The chairman of the two local feds demanded a 50 basis point increase in discount rates, while another hoped to raise 100 basis points.
According to the latest observation data of CME's "Feder Observation", the probability of the Fed hike rate 275 basis points in November is 94.8%.
British corporate confidence has dropped sharply. A survey by the Federation of Small Businesses in the UK (FSB) showed that it was double hurt by rising costs and economic turmoil. FSB said its latest small business confidence index fell from -24.7 to -35.9, the worst performance except during the coronavirus lockdown. The investigation took place from September 20 to October 4, covering most of the time since the economic plan announced by British Prime Minister Tras on September 23 triggered a historic decline in British assets. FSB said 68% of small UK businesses have increased their wages over the past year, with an average salary increase of 4.5%.
At the same time, the Bank of England confirmed that it would conduct its first Treasury bond sale operation on November 1. After the Bank of England confirmed the sale of UK Treasury bonds, the U.S. Treasury bond yields expanded. A spokesman for the British Prime Minister said that overall government spending will increase. A YouGov survey shows that 70% of the people hope that British Prime Minister Tras will step down.
Germany's ZEW economic prosperity index rebounded slightly in October. The German European Economic Research Center (ZEW) released a report on the 18th saying that the ZEW economic prosperity index rose slightly by 2.7 points to -59.2 points in October.However, ZEW's assessment of the German economic situation fell sharply again, reaching -72.2 points in October, 11.7 points lower than last month.
ZEW's expectations for the economic development of the euro zone have been slightly raised by 1.0 percentage points to -59.7 points. On the other hand, the economic situation indicator of euro zone fell by 11.7 points to -70.6 points. The euro zone's inflation expectations fell sharply by 23.7 points to -35.8 points in October, and the values in the negative area indicate that high inflation will fall in the next six months.
