Intern reporter Zhao Xinyi
Eastern Time on October 21 (Friday), Federal Reserve officials were worried that aggressive rate hikes may lead to excessive tightening. US stock closed higher, US bond declined temporarily, and the market continued to measure the possibility of slowing interest rate hikes.
Crude oil and gold both rose! Energy stocks rose across the board, with the world's largest oilfield service company Schlumberger 's third-quarter performance exceeding expectations and closing higher by 10.33% on Friday, marking the largest daily increase since November 2020 .
Chinese stocks listed in the United States Daily Youxian rose by more than 57%, and "Wei Xiaoli" rose together! NIO announced that it will add to buy out mode in four European countries; bank stocks rose across the board, Musk's acquisition price Twitter US$13 billion debt will be held by banks; technology stocks most rose, and Apple chief product designer will resign, and the position has been vacant for the first time since the Jobs era.
U.S. stocks rebounded U.S. bonds fell temporarily
Double Fed official and San Francisco Fed Chairman Daley spoke on Friday, believing that attention should be paid to tightening and reduce the rate hikes each time. Wind news, Daly said that the federal funds rate is expected to rise to the 4.5%-5% range; the current forward-looking guidance measures are very helpful; monetary tightening policy has a slight suppression effect on the overall economy; attention should be paid to the intensity of tightening, and excessive tightening should not be achieved; the Federal Reserve should reduce the extent of each interest rate hike and continue to raise interest rates in a "small step" way; it has reached or is close to the neutral interest rate level; the US job market is very strong at the moment.
After Fed officials' speeches, many market participants expected the Fed to raise interest rates by 75 basis points in November and only 50 basis points in December.
Affected by this news, U.S. stocks rebounded on Friday, and U.S. Treasury yields also fell. As of the close, the Dow Jones Industrial Average closed up 748.97 points, or 2.47%, to 31,082.56 points; the Nasdaq rose 244.87 points, or 2.31%, to 10,859.72 points; the S&P 500 index rose 86.97 points, or 2.37%, to 3,752.75 points.
This week the Dow Jones Industrial Average rose 4.89%, the S&P 500 rose 4.74%, and the Nasdaq rose 5.22%.
The 2-year U.S. Treasury yield, which is sensitive to interest rates, declined intraday, and the 10-year U.S. Treasury yield has temporarily crossed the high of 4.30%.
Crude oil and gold both rose
Oil service giants' performance exceeded expectations
New York Mercantile Exchange December gold futures rose 19.50, or 1.2%, closing at $1656.30 per ounce, and are currently around $1662.5 per ounce.
WTX Intermediate (WTI) futures price for the New York Mercantile Exchange for December delivery rose 54 cents, or 0.6%, to close at $85.05 per barrel, and is currently around $85.14 per barrel.
Affected by the rise in crude oil price , energy stocks rose across the board, Schlumberger rose 10.33%, Occupy Oil rose 3.5%, Chevron rose 2.5%, ConocoPhillips rose 2.2%, and ExxonMobil rose 1.86%.
Oil giant Schlumberger's third-quarter performance exceeded expectations, and its share price rose 10.33% on Friday. According to the financial report, the company's revenue increased by 328% year-on-year to US$7.48 billion, higher than analysts' expectations of US$7.1 billion; net profit increased by 65% year-on-year to US$907 million; 's diluted earnings per share 0.63, higher than analysts' expectations of US$0.55. Regarding revenue and profits in the fourth quarter, the company's CEO said it expects continuous growth.
Source: Schlumberger's third-quarter financial report
Bank stocks collectively rose
Technology stocks most rose
Bank stocks collectively rose, Goldman Sachs rose 4.6%, Citi rose 3.12%, Morgan Stanley rose 3.42%, Bank of America rose 3.71%, Wells Fargo rose 2.7%, JPMorgan rose 1.51%.
Cailianshe News Agency reported that according to people familiar with the matter, the bank that promised to help Elon Musk acquire Twitter plans to hold all $13 billion in debt that supports the transaction, rather than synthesize it. Musk's deal to acquire Twitter was supported by banks such as Morgan Stanley, Bank of America and Barclays.The banks are reportedly deciding to include these debts on the balance sheet to avoid selling them to bond and loan fund managers at a loss.
has previously reported that as market turmoil intensifies, banks may face losses of about $500 million or more if they try to sell Twitter’s debt at the current market price. Assuming the acquisition is completed, the bank hopes to sell part of Twitter’s debt at the beginning of next year and when market conditions improve. It is reported that the bank is discussing how to divide the debt into different parts of
technology stocks most of the rises. The U.S. TAMAMA technology index rose 2.42%, Amazon rose 3.53%, Tesla rose 3.45%, Apple 2.71%, Netflix rose 7.98%, Google rose 1.16%, Facebook fell 1.16%, Microsoft rose 2.53%.
Bloomberg reported that Apple issued a statement confirming that chief product designer Evans Hankey plans to resign next year, and no successor has been nominated yet. Hankey told colleagues that she would stay with Apple for the next six months. Currently, she also manages dozens of industrial designers .
"Wei Xiaoli" joins hands to rise
NIO will increase the buyout model in four European countries
Chinese stocks listed in the market rose sharply during the session, closing up more than 57%.
Most of the popular Chinese stocks rose, Pinduoduo rose by more than 5%, Ideal Auto, Xiaopeng Auto , NIO, Futu Holdings, Manbang rose by more than 2%, Vipshop , UDian , Jinko Energy , and Daquan New Energy rose by more than 1%, and Alibaba rose slightly.
Chinese new energy vehicle stocks rose collectively, NIO rose 2.19%, Xiaopeng Motors rose 2.39%, and Ideal Auto rose 2.72%.
Sina reported that at 4 pm Berlin time on October 21, NIO announced on its European App that it will add a new buyout model for ET7, EL7 and ET5 in addition to the subscription model in addition to the subscription model, and start delivery in early 2023. This means that users of the above four countries will be able to choose to buy out or subscribe according to their own situation. Previously, NIO announced during its European press conference that it will serve users from four European countries in the initial subscription model. Information on NIO's European App shows that the above four markets have started subscriber delivery.
Macron announced that France will withdraw from
"Energy Charter Treaty"
According to CCTV News, on the 21st local time, French President Macron announced in Brussels that France will withdraw from the Energy Charter Treaty because the treaty is considered to be inconsistent with the goal of the "HTM2 Paris Agreement ". Previously, Spain and the Netherlands had withdrawn from the treaty.
Some authoritative figures believe that the Energy Charter Treaty signed in 1994 is too protective of petrochemical fuel energy. Previously, the French High Commission for Climate had given an assessment in an October 20 opinion that France and the EU should withdraw from the Energy Charter Treaty because this 30-year-old treaty does not match the "decarbonization timetable" stipulated in the Paris Agreement.
The Energy Charter Treaty was signed in 1994 and came into effect in 1998. Its members include multiple European and Asian countries, the European Union, and European Atomic Energy Community member states. It is a multilateral treaty with legal binding force in the international energy field. The treaty aims to ensure regional energy supply and provide protection to multinational energy companies, especially fossil fuel companies. The treaty gives energy companies the right to sue the host government and demand compensation for policies that endanger their investments.
Eurasian Economic Union Conference calls for strengthening economic and trade cooperation
Xinhua News Agency News, the two-day Intergovernmental Council meeting of the Eurasian Economic Union closed on the 21st at Armenia Capital Yerrevan . The participating countries agreed to further strengthen economic and trade cooperation and promote internal market integration.
Russian Prime Minister Mshustin , Kyrgyzstan Prince Zaparov, Kazakhstan Smylov, Belarusian Prime Minister Golovchenko and Armenian Prime Minister Pashniyan attended the meeting.
According to the Armenian News Agency, the participating countries signed a number of cooperation documents on the development of e-commerce, strengthening agricultural cooperation, and discussed issues such as forming a common market for oil and gas products and eliminating market barriers within the alliance. The meeting decided that the next Intergovernmental Council meeting of the Eurasian Economic Union will be held in Almaty, Kazakhstan in February 2023.
European Economic Union was officially launched on January 1, 2015. Member states include Russia, Kazakhstan , Belarus , Kyrgyzstan and Armenia. The goal of the alliance is to achieve the free flow of goods, services, capital and labor within the alliance by 2025 and to implement coordinated economic policies.
Editor: Captain
