China Fund News reporter Ivan
On Monday, October 24, Eastern Time, the market was looking forward to the Federal Reserve's announcement of a slowdown in interest rate hikes at the end of the year, and the three major U.S. stock indexes closed up collectively.
Apple announced that it will "raise the price"! This type of company is immediately excited. The stock price turned from a decline to a rise, and rose sharply, with a maximum increase of nearly 15%.
risk sentiment is fragile, and Chinese stocks listed in the US have fallen significantly. The Nasdaq Golden Dragon China Index fell by more than 14%, Alibaba fell by more than 12%, JD fell by 13%, Pinduoduo fell by more than 24%, and Bilibili fell by nearly 17%.
The temperature in Europe is mild in winter, and European natural gas has plummeted by double-digits. European benchmark TTF Dutch natural gas futures fell nearly 17% in the late trading, and has plummeted by more than 70% from the new high set in August.
The market is looking forward to the Fed's slowdown in rate hikes The three major U.S. indexes closed higher
On Monday, October 24, Eastern Time, the three major U.S. indexes closed higher collectively, but the Nasdaq fell by more than 1% during the session, and the S&P index also turned down, indicating that the market risk sentiment was fragile.
As of the close, the Dow Jones Index rose 1.34%, up 417.06 points to 31,499.62 points; the S&P 500 Index rose 1.19%, to 3,797.34 points; the Nasdaq Index rose 0.86%, to 10,952.61 points.
Abs rose 3.72%, " Buffett Love Stocks" Coca-Cola rose 2.97%, leading the Dow Jones Industrial Average.
news, last Friday (October 21), Nick Timiraos, a reporter from the Wall Street Journal , known as the "New Federal Reserve News Agency" (Fedwire), wrote an article saying that Fed officials are expected to raise interest rates by 75 basis points again at the November interest rate meeting, but at that time, they may discuss whether and how to send a signal of a smaller rate hike in December.
Then Fed officials also released "dove", causing the market's expectations of interest rate hikes in December to fall. According to 0 De Information , Federal Reserve official Daly spoke out publicly, expressing concerns about excessive tightening and saying that the Fed will reduce the rate hike. But he also pointed out that due to uncertainty, it is important to reduce the rate hike.
,000 cited market participants, saying that the rising risk sentiment in European and American stock markets is related to the market's expectations that the European and American central banks will achieve a dovish turn at the beginning of next year. The market of turns rising, but the voices of concern are particularly concerned. According to Wande, experts such as Allianz Chief Economic Advisor Erian generally believe that the market rebound is mainly driven by liquidity, rather than the fundamentals of . Before the central bank turns effectively, any excessive rebound cannot last.
In addition, according to CCTV News, on October 24 local time, US Treasury Secretary Yellen said in a speech in New York that the current soaring energy prices and intensifying global financial markets, these factors may cause instability in the US financial market.
Yellen said the U.S. Treasury Department is closely monitoring the "risks" that may arise in the financial system.
In addition, US stock will usher in the third quarter financial report release of many giants this week, including Apple, Amazon , Google , Coca-Cola and Boeing , etc. The market will also have a glimpse of the strengthening of the US dollar, the impact of inflation and the possibility of an economic recession in the financial reports of these giants.
Apple announced that it will "raise the price"! Companies like immediately rose sharply, with a maximum increase of nearly 15%
On Monday (October 24), local time, Apple increased the subscription fees for its streaming services Apple TV+ and Apple Music in the United States, which will take effect today. This is the first time the company has raised the price of streaming services.
Apple's official website shows that Apple has raised the personal subscription fee of Apple Music from $9.99/month to $10.99/month, which is more than similar competitors of Spotify and Amazon; raised the personal monthly fee of Apple TV+ from $4.99 to $6.99, and the price after the increase is still lower than the subscription fee of other streaming media such as Disney+ and Netflix; raised the personal monthly fee of Apple One (a bundle for services such as Apple Music and Apple TV) from $14.95 to $16.95.
According to Sina Finance and Cailianshe, Apple Music’s price increase was due to the increase in licensing costs, and accordingly, artists and songwriters will also earn more revenue from their music streaming media.
As for the reason for the price increase of Apple TV+, Apple said that the service was very low when it was first released because users could only watch a few movies and TV series, but now Apple TV+ has brought together a number of well-received and award-winning series, feature films, documentaries, and children’s and family entertainment programs. After the news of
came out, the stock price of music streaming giant Spotify soared, once rising by more than 9%, the largest single-day increase in in the past three months, closing up 6.72%, with the latest report of US$94.66 per share.
In addition, Warner Music, which also has music streaming services, also turned from a drop of more than 5% at the beginning of the session and once rose by nearly 15%, closing up more than 8%, with the latest report of US$25.81 per share.
Most large technology stocks rose
technology stocks rose, Microsoft rose 2.12%, Apple rose 1.48%, Amazon rose 0.42%, Google rose 1.37%, Facebook fell 0.22%, and Tesla fell 1.49%. On the
news, Amazon said it will be appointed Hawaiian Airlines to fly 10 rented Airbus aircraft to transport packages across the United States to reduce dependence on Boeing aircraft. The first batch of Airbus A330 aircraft are scheduled to be delivered to Amazon by the end of 2023, which will replace Boeing 767s within the next 18 months.
deadline! According to reports, in order to avoid legal lawsuits, Tesla CEO Musk needs to complete a $444 billion acquisition of Twitter html by this Friday.
Risk sentiment is fragile Chinese stocks fell significantly
Eastern Monday (24th), market risk sentiment was fragile, and Chinese stocks fell sharply. Nasdaq Golden Dragon China Index (HXC) fell by more than 14%.
Popular stocks , JD.com fell 13%, Pinduoduo fell more than 24%, NetEase fell nearly 10%, Baidu fell more than 12%, Alibaba fell more than 12%, Tencent ADR fell more than 14%, Bilibili fell nearly 17%, and "the three giants in new energy car manufacturing" all fell more than 10%.
mild winter European natural gas has plummeted by nearly 17%
Europe has entered winter, but some forecasts say that winter will be very mild this year. According to weather forecast company Maxar Technologies Inc., the temperature in Paris, the French capital will reach as high as 25 degrees Celsius this Thursday, and the temperature in other major cities such as London, Frankfurt, Germany, and Madrid, Spain will also be much higher than normal.
European natural gas fell sharply in double digits. European benchmark TTF Dutch natural gas futures fell nearly 17% in the late trading, plunging by more than 70% from the new high set in August. Currently at 96.5 euros per megawatt-hour, it fell below the 100 euro integer for the first time since June.
Biden said that Sunak was the first non-white prime minister in the UK to be "groundbreaking"
According to Global Network , citing AFP 25, US President Biden responded to Sunak's election as the new prime minister of the UK on Monday (24th) local time. He said Sunak was "groundbreaking" as Britain's first non-white prime minister.
"This is very impressive, it is a pioneering milestone and is of great significance." The report said that Biden said at the Indian Diwali celebration held at the White House that day.
Due to former Prime Minister Johnson withdrawal from the election and the British Parliament's lower house leader Modant announced his support for Sunak at the last minute, on the 24th local time, Graham Brady, chairman of the British Conservative Party's "1922 Committee", announced that Sunak was elected as the new leader of the Conservative Party and will replace Tras as British Prime Minister . Among the "titles" given by British media, Sunak is the first non-white prime minister in the country's history, the first Indian Prime Minister, the first post-80s prime minister and the youngest prime minister in Britain in more than 200 years. But it is quite embarrassing that he is also the third prime minister to be replaced in a year for the first time since 1834.
According to Reuters , White House spokesman Jean-Pierre said earlier on the 24th that US President Biden is looking forward to meeting with Sunak in the next few days.
Sunak is about to become the British Prime Minister, Modi tweeted "warm congratulations"
Former British Chancellor Sunak was elected as the new leader of the Conservative Party on the 24th local time and will replace Tras as British Prime Minister.Indian Prime Minister Modi "warm congratulations" on Twitter on the 24th.
Modi wrote in a tweet, "As you become the British Prime Minister, I look forward to our close cooperation on global issues and jointly implementing the '2030 Roadmap'." In addition, Modi also sent Diwali blessings to Indians in the UK, saying, "We are transforming our historical connections into modern partnerships." The news that Sunak is about to become British Prime Minister has excited many Indians. Reuters reported on the 24th that Sunak is a devout Hindu Hindu religious and was photographed lighting candles outside Downing Street to celebrate Diwali. Now, just as Hindus around the world celebrates the festival, many Indians are excited about Sunak’s election. Some Indian people said on social media that India celebrated the 75th anniversary of its escape from British colonial rule and independence not long ago, and Sunak became the British Prime Minister this year, which made it more special. Some Indians hope that India-UK relations will become closer after Sunak takes office as British Prime Minister.
Sunak will officially take office as British Prime Minister on the 25th
According to CCTV News, on the 24th local time, the British Prime Minister's Office issued a message briefly introducing the procedures for the handover of the British Prime Minister. The current Prime Minister Elizabeth Trass will speak on Downing Street on the morning of the 25th local time, and then go to Buckingham Palace to meet with King Charles III of England.
After that, Shurich Sunak, the new party of the ruling Conservative Party of the United Kingdom, will go to Buckingham Palace to meet with Charles III. After accepting the appointment of Charles III, Sunak will officially become the British Prime Minister. He will also give a brief speech upon returning to Downing Street.
" Putin has been invited"
According to CCTV News, Russian Foreign Ministry spokesperson Zakharova local time announced on the 24th that Russian President Putin has invited Azerbaijani President Aliyev and Armenian Prime Minister Pashinyan to Russia to attend the trilateral summit, and all-round trilateral and bilateral issues will be discussed at that time.
Zakharova said that Russia will continue to cooperate with its partners to achieve the comprehensive normalization of the relationship between Azerbaijan and Armenia with the consent of both sides, including lifting traffic, communication blockades, demarcating borders, reaching an agreement on a peace treaty, resolving humanitarian issues, etc.
Russia said there is sufficient reason to believe that Ukraine is ready to use " dirty bomb ". Ukraine has repeatedly denied
According to CCTV News, Russian Foreign Minister Lavrov said on the 24th local time that Russia has specific information about Ukraine's relevant scientific institutions that manufacture "dirty bombs". Russia has repeatedly checked through various relevant channels, which is not a kind of suspicion out of thin air. Russia has sufficient reason to believe that the use of "dirty bombs" is already under Ukraine's plan. Russia currently plans to submit this issue to the United Nations for discussion as soon as possible.
Ukraine has repeatedly denied the allegations of Russia. On the 24th, Ukrainian Foreign Minister Kureba said that he had officially invited International Atomic Energy Agency to to immediately send experts to Ukraine to verify Russia's false accusations of developing "dirty bombs".
Chairman of the Joint Chiefs of Staff of the US Military spoke with senior Russian and Ukrainian officials
According to CCTV News, on October 24 local time, a spokesperson for the Chairman of the Joint Chiefs of Staff of the US Military Mark Mili said that Mili had a conversation with the Russian Armed Forces Chief of Staff Valeri Gerasimov and the Ukrainian Armed Forces Commander-in-Chief Valeri Zalugine on the same day.
In a conversation with Gerasimov, the two sides discussed several security-related issues and agreed to keep communication channels open. During the conversation with Zalujne, the two sides talked and exchanged views on the situation of the Russian-Ukrainian war, and Mili also reiterated his firm support for Ukraine during the call.
Edited by: Xiaomo
