Global macro
Before Wednesday, the three major U.S. stock futures indexes fluctuated narrowly, and the yield on the US 10-year Treasury bond once rose above 4%, setting a new high since 2010
capital has nowhere to escape? Morgan Stanley: Long-term sovereign bonds in developed markets are attractive.
capital has nowhere to escape? Morgan Stanley: Long-term sovereign bonds in developed markets are attractive.
The worst bond market crash in decades is attracting more investors to turn to government bonds, and JPMorgan Chase has also joined the growing bull camp. Arjun Vij, fund manager at JPMorgan Chase, said that given the highest yields since 2010, the longer-term sovereign bonds in most developed markets are starting to look attractive. He believes that the market expects inflation to ease in the coming years, making these securities attractive.
Feder Daly: Reducing inflation without causing an economic recession will be a difficult "struggle"
At a seminar on Asian banking and finance, Daly said that in order to keep inflation low and stable, "we must balance this with the dual mission of full employment. While reducing inflation as moderately as possible, avoiding unnecessary penalties into recession, thus affecting the full employment part of our mission will be a difficult struggle."
Barclays: Despite record-breaking sales of put options contracts, US stocks have not yet bottomed out
US stock put options contracts traded on Friday, with a record turnover of 33.93 million. Some investors speculate that this situation indicates that the market may be close to a reversal. But Barclays derivatives strategist Stefano Pascale refuted the view on Tuesday, saying U.S. stocks have not bottomed out yet. While trading activity shows that there is still fear in the market, it has not risen to a level comparable to the bottom of the market in the past. On Tuesday, the VIX Panic Index was at a three-month high of 33, but well below the peak it hit at the past bear market lows. According to an analysis by Barclays, the sell-off of put options reached a four-year record in ETF options, suggesting that the market has not yet entered its most pessimistic time.
76 for the first time in years! The global bond market is in a bear market, and the "new bond king" Gundlach took the opportunity to buy the bottom of the US Treasury bond
The global Treasury bond market is experiencing the worst plunge in decades, but Jeff Gundlach, a billionaire investor, co-founder and chief investment officer of Dual-Tier Capital, and known as the "new bond king", has been seizing the opportunity to buy the bottom of the US Treasury bond. In fact, Gundlack recommended investors to buy long-term Treasury bonds in September this year, saying that the current risk of deflation is much higher than in the past two years and has become a greater threat, and hinted that the Fed's aggressive austerity action will cause an economic slowdown.
Europe's last "lifeline" is also hanging! After the Nord Stream pipeline leaked, Gazette warned or shut down Ukrainian pipeline
After two Nord Stream natural gas pipelines leaked one after another, Russia's last channel for transporting natural gas to Western Europe - a natural gas pipeline through Ukraine - became the last "lifeline" supporting Europe's energy supply. However, after the leak, Gazprom (hereinafter referred to as "Gasoline") warned that the last "lifeline" of European energy may also be cut off. This has made Europe's energy prospects extremely dangerous, and European natural gas has also jumped sharply for the second consecutive day stimulated by this news.
pounds plummeted and assisted the US dollar to continue to "top"! After the euro fell below par, it looked to 0.95
At the beginning of the European market on Wednesday (September 28), due to concerns about a global recession, the financial market pushed the safe-haven dollar to a 20-year high. The US dollar index rose by more than 60 points during the day to 114.76, continuing to hit a new high since 2002. The index has now fallen back to 114.37. During the day, the pound fell 50 points against the US dollar to 1.0681. In addition, the euro fell to 0.9538 against the US dollar, hitting its low in nearly 20 years. It is worth mentioning that the last time the euro fell below par against the US dollar was a week ago and has begun to look to the 0.95 mark.
https://www.com/11https://www.com/11https://www.com/11https://www.com/11https://www.com/11https://www.com/11https://www.com/11https://www.com/11https://www.com/11https://www.com/11https://www.com/11https://www.com/11https://www.com/11https://www.com/11https://www.com/11https://www.com/11https://www.com/11https://www.com/11https://www.com/11https://www.com/11https://www.com/11https://www.com/11https://www.com/11https://www.com/11https://www.com/11https://www.com/11https://www.com/11https://www.com/11https://www.com/11https://www.com/11https://www.com/11https://www.com/11https://www.com/11https://www.com/11https://www.com/11https://www.com/11https://www.com/11https://www.com/11https://www.com/11https://www.com/11https://www.com/11https://www.com/11https://www.com/11https://www.com/11https://www.com/11https://www On Tuesday local time, U.S. regulators imposed a total of $1.8 billion fine on 16 financial companies including Barclays, BAC.US$, Citigroup (C.US)$ and Credit Suisse (CS.US)$. The fines of these 16 companies are related to the SEC's investigation into WhatsApp, an instant messaging product. ExxonMobil and Shell have started selling their U.K. oil and gas assets with the Netherlands
According to media reports, $ExxonMobil (XOM.US)$ and $Shell PLC (SHEL.US)$ have begun selling its NAM joint venture with 50-50% equity in the Netherlands, which is the operator of the Groningen gas field. The sale is part of the two companies' plans to sell aged oil and gas assets to help cut company costs and focus on large projects updated worldwide. A successful sale may raise more than $2 billion.
labor shortage has made it difficult to deliver parts as scheduled, and manufacturers such as Boeing were tragically affected by
Canadian Mitchell Aerospace overall order has been booming recently. However, like $Boeing (BA.US)$, Airbus and other companies, the company has also experienced a workshop labor shortage. The Montreal, Canada-based aircraft parts supplier currently has backlog orders from customers such as $Raytheon Technologies (RTX.US)$, and aircraft manufacturers are working to boost production after a two-year downturn.
Tesla expects "ultra-high delivery" to show at the end of the quarter, requiring other departments to assist in the delivery work
According to market news, $TSLA (TSLA.US)$ is expected to show "ultra-high delivery" to the end of the third quarter. According to an internal Tesla letter cited by the media, "In the last few days of the third quarter, we will deliver a lot of vehicles to eagerly awaited customers. In order to satisfy customers as much as possible, the delivery team requested additional support from other departments in key delivery tasks." In the internal letter, Tesla asked all employees to help the delivery team complete the tasks of delivering vehicles to customers at the end of the quarter, including transshipment, cleaning and configuring vehicles, delivering vehicles directly to customers, and answering customer questions on the delivery date. Demand for
declines, and Apple is reported to have given up its iPhone production increase plan
According to market news, as the expected significant increase in demand has not been achieved, $Apple (AAPL.US)$ will cancel this year's new iPhone production increase plan. Apple has told suppliers to cancel plans to increase the assembly of the iPhone 14 series by as much as 6 million units in the second half of this year, people familiar with the matter said. It is reported that Apple plans to produce 90 million mobile phones in the second half of the year, roughly the same level as last year. The people familiar with the matter added that demand for iPhone 14 Pro models is stronger than entry-level models, with at least one supplier shifting production capacity from entry-level models to high-end models. An Apple spokesperson declined to comment. As of press time, Apple fell 3.14%.
Eli Lilly rose more than 8% before the market. Eisai and Biogen announced that the new drug Lecanemab can significantly alleviate the cognitive decline of Alzheimer's disease
$Eli Lilly (LLY.US)$ rose more than 8% before the market to $337. Eisai and Biogen (BIIB.US) announced that the new drug Lecanemab can significantly alleviate the cognitive decline in Alzheimer's disease, setting an important milestone for the treatment of the disease. The results of the third phase clinical trial showed that Lecanemab slowed the cognitive decline rate of early-stage patients by 27% over the control group within 18 months, achieving the main goal of the trial. Although the effect is mild, this is the first time that researchers have clearly discovered that drugs may slow down the disease. Biogen has now suspended trading, but Eli Lilly, which is also developing Alzheimer's drug, has surged sharply due to the news. As of press time, Biogen rose more than 53% before the market trading and is now at $303.
Asmai fell more than 3% before the market, and the chief technology officer said that the current lithography technology may reach its end
$Asmai (ASML.US)$ fell 3.19% before the market to $419.47.Martin van den Brink, chief technology officer of ASML, said the company is currently implementing its roadmap in an orderly manner, followed by High-NA EUV technology. ASML is preparing to deliver the first High-NA EUV lithography machine to customers, which will be completed at some point next year. As for the technical solutions after High-NA EUV technology, Martin said that ASML is studying reducing wavelengths, but it suspects that Hyper-NA will be the last NA, which may be the place where problems occur in the development of semiconductor lithography technology in the future. The manufacturing and use costs are astonishingly high, and it may not be able to be truly put into production. The current path of semiconductor lithography technology may have come to an end.
Sanofi rose more than 1% before the market, and the strong US dollar is expected to boost third-quarter performance
$Sanofi Anvante (SNY.US)$ rose 1.32% before the market to $37.71. French drugmaker Sanofi said it expects a strong dollar to boost its third-quarter 2022 results as much of the company's business is in the United States. Sanofi initially estimates that exchange rate factors will increase its Q3 sales by about 10% - 11%, and increase its business earnings per share by about 12% - 13%. Sanofi will announce third-quarter results on October 28. The company reported results denominated in euros, so sales in the U.S. would benefit from the appreciation of the U.S. dollar against the euro.
Focus on Chinese stocks
Popular Chinese stocks
Alibaba's Cainiao has reached a cooperation with SHOPLINE, and customized logistics services cover 130 countries and regions
$Alibaba (BABA.US)$ announced that its Cainiao has recently reached a cooperation with SHOPLINE, a global cross-border e-commerce smart website building platform. The two parties will jointly provide end-to-end full-link logistics solutions for global cross-border merchants and cross-border brands, including domestic collection, international distribution, logistics details tracking, one-stop after-sales service, etc. Currently, the customized logistics services jointly launched by the two parties cover nearly 130 countries and regions around the world.
JD New Department Store Home Offline Store Model upgraded to retail comprehensive store
At the 2022$JD (JD.US)$Home Offline Store Second National Store Owners Summit held on September 26,JD Home announced that it would fully upgrade the existing national offline stores to retail comprehensive store model, adopting unified visual design and 100% docking with JD supply chain. On the basis of continuously improving digital and intelligent hardware supporting facilities, store display and retail in full categories, scenario-based and modular models of home building materials, creating an immersive and scenario-based integrated home space solution to continuously meet the new consumption needs of home scenes in the sinking market.
Baidu Raw Cara Express will launch an unmanned test in the Shanghai Autonomous Driving Demonstration Experience Zone
$BIDU (BIDU.US)$Apollo Intelligent Driving has announced that the unmanned autonomous driving demonstration experience zone in Jiading District, Shanghai has officially launched recently. Its autonomous driving travel service platform Luo Bu Quick Cara Express will launch an unmanned autonomous driving test in the area. At present, the Apollo Moon version of the automatic driving car provided by Luobu Kuaishang has been fully unmanned testing in the Shanghai Auto Expo Park. In the future, with the orderly advancement of the test, Luobu Kuaishang will provide fully unmanned autonomous driving services to the public on more sections of the road in the Jiading area of Shanghai.
U.S. stock trading volume TOP20
U.S. stock macro calendar reminder
9-28
22:00 Monthly rate of the US existing house signing sales index
22:15 Federal Reserve Chairman Powell delivered a welcome speech at the community banking conference
22:30 US EIA crude oil inventories that week, US EIA strategic oil reserve inventory
9-29
02:00 Bank of England Monetary Policy Committee member Dingla presided over a discussion with Evans, Chairman of the US Chicago Fed. Evans delivered a speech on the current economic situation and monetary policy.
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