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U.S. stock Q3 financial report season kicked off, and market volatility may further intensify
Feder continues to maintain tightening monetary policy . Worries about economic recession are everywhere. With the Q3 financial report season kicked off, October may be another bad month for the U.S. stock market. In the past three months, various investment banks in Wall Street will lower their Q3 earnings expectations for large U.S. companies by $34 billion. According to FactSet data, analysts expect that the third-quarter earnings per share will increase by 2.6% from the same period last year, but this figure has fallen from 9.8% in early July. If accurate, this means that the Q3 profit will see the weakest growth since the worst period of the new crown epidemic.
The new "Feder News Agency" has changed: the 75 basis points rate hike seems to be shaken
, known as the new "Feder News Agency", is known as the new "Feder News Agency". Nick Timiraos, a famous reporter from Wall Street Journal, posted on Saturday (8th) local time that some economists are worried that the hike of the Fed's interest rate hike will trigger a deeper recession. On the one hand, economists believe that spending a long time waiting for evidence of a decline in inflation before slowing down rate hikes means that the Fed's monetary policy will be restricted; on the other hand, too fast rate hikes provide less time for Fed officials to study its economic effects. It is worth noting that just the day before (7th), after the release of non-farm data in September, Timiraos issued a statement saying "The Federal Reserve is on its way to another major interest rate hike."
Citi : The Fed is now responding more to the latest inflation data because it has no confidence in its own inflation forecasts
Citi chief global economist Nathan Sheets said officials are now responding more to the latest inflation data because they have no confidence in their ability to predict inflation. He said he was worried that the Fed would raise interest rates excessively, but he also admitted that inflation in the service industry was "quite concerning." One risk is that economic activity slows sharply, but will be transmitted to inflation indicators at a longer delay than usual. For example, used car wholesale prices have been falling in recent months, but this has not been widely reflected in the price index. The calculation method of housing prices and rents is particularly backward. Sheets said waiting for evidence of a decline in inflation before slowing interest rates means monetary policy could be "hijacked by things that are likely to reverse in the coming months."
rose nearly 17% in a single week! OPEC+ production cuts promote international oil prices soaring
OPEC+ ministerial meeting was held on October 5. The meeting decided to reduce the OPEC+ production quota in November and December by 2 million barrels per day compared with August, and announced that the validity period of this round of production cut agreement will be extended to the end of December 2023. Stimulated by the news, the settlement price of international crude oil futures rose sharply last week, marking the largest single-week increase since March. WTI's November crude oil futures contract rose by 16.54% last week.
EU solar energy expansion plan encountered obstacles: land development is restricted, approval process is too cumbersome
After the outbreak of the Russian-Ukrainian conflict, as Russia-EU relations deteriorated sharply, the EU proposed to accelerate the development of renewable energy so as to get rid of its dependence on Russian fossil fuels as soon as possible. However, due to restrictions on development land and obstacles at the government approval level, the EU's solar energy expansion plan has not been smooth in the near future.
Americans are affected by inflation on holiday shopping, 40% said they would buy less gifts
According to the CBS report, a survey conducted by the Bankrate website of Bank of America interest rate (Bankrate) showed that due to the continued inflation problem in the United States, more than 80% of Americans said they would save as much money as possible in shopping this year, and 40% of consumers said they would buy less gifts. Bert Fliginger, general manager of the American retail consulting firm "Strategic Resources Group", said that American consumers will make careful calculations this year when selecting clothing, electronics, televisions and other products to reach the "most cost-effective deal."
U.S. stocks reviewed
Strong non-agricultural ignited radical interest rate hike expectations . Last Friday, the three major U.S. stock indexes collectively closed down
Last Friday, the Nasdaq fell 3.8%, up 0.73% last week; the S&P 500 fell 2.8%, up 1.51% last week; the Dow Jones Industrial Average fell 2.11%, up 1.99% last week.
Large technology stocks performed weakly, AMD fell nearly 14%, Netflix fell more than 6%, Microsoft fell more than 5%, Meta Platforms, Amazon fell more than 4%, Apple fell more than 3%, Google fell more than 2%.
breaks the record! Tesla sold more than 83,000 vehicles in China in September, an increase of 8% month-on-month
The report released by the China Passenger Association on Sunday showed that $TSLA (TSLA.US) sold 83,135 Chinese-made cars in September, breaking its monthly sales record in China. This figure increased by 8% from August, surpassing the 5% month-on-month increase in China's overall electric vehicle sales. This set a new record for Tesla's Shanghai factory since it was put into production in December 2019 and surpassed the sales record of 78,906 units set in June this year.
sounded the "core panic" alarm again! AMD's initial performance was lower than expected. Share price fell sharply
On Thursday local time, $US (AMD.US)$ issued a public statement that it expects revenue in the third quarter to be approximately $5.6 billion, with up 29% year-on-year, far lower than the previous estimate of $6.71 billion, which intensified concerns about the entire chip industry. AMD's stock price plummeted nearly 14% last Friday after AMD issued a profit warning.
After three weeks, FedEx again issued a performance alert. Last Friday, the stock price fell nearly 4%
, which is regarded as the barometer of the US economy. FedEx (FDX.US) $, which is regarded as the barometer of the US economy, is expected to decline during the holidays this year. This is the second time that FedEx once reported a performance alert after three weeks. Its stock price fell nearly 4% on the same day.
electric car upstart Rivian announced the recall of almost all cars, and the stock price fell by nearly 70% this year
On Friday (October 7), US electric car upstart Rivian Automotive (RIVN.US)$ announced that it would recall almost all cars sold because these cars may have loose fasteners, which may cause drivers to lose steering control. Rivian's share price plummeted by more than 7% on Friday, and the company's share price fell by more than 67% this year.
Credit Suisse bankruptcy storm latest news: It plans to increase asset sales and promote reorganization plan
According to media reports on Saturday (8th), citing people familiar with the matter, Credit Suisse (CS.US)$, which is caught in bankruptcy rumors, has been increasing its efforts to sell or reduce key business assets in recent days as part of the reorganization of the bank's plan. Credit Suisse has listed one of its most profitable businesses, the securitization product business, for sale. Credit Suisse hopes to find external investors to raise funds for the company and boost asset quality. It is reported that about 10 bidders are currently making quotations for Credit Suisse's securitization product business.
Last Friday, US stock trading volume TOP20
Related reading: TOP20 | AMD issued a performance warning. Stock price fell nearly 14%, dragging down chip stocks to collective decline
Hong Kong market prospects
major adjustments! A shares can investors buy B station? The Shanghai and Shenzhen Stock Exchange responded! These conditions need to be met. As early as March next year, another batch of excellent listed companies will enter the investment scope of Hong Kong Stock Connect . Recently, some companies such as $Bilibili-W(09626.HK)$, which are listed on the Hong Kong Stock Exchange, have or are planning to convert from a second listing in Hong Kong to a major listing. The Shanghai and Shenzhen Stock Exchanges pointed out that recently, after some WVR companies such as Bilibili have been converted from second listing in Hong Kong to major listing, they can be inspected on the inspection date according to the rules, and if they meet the relevant requirements, they will be included in the Hong Kong Stock Connect.
Clover Bio: The company's primary COVID-19 vaccine candidate SCB-2019 (CpG1018╕Aluminum Adjuvant) has made significant progress in the submission of registration applications
$Clover Bio-B(02197.HK)$ In the Hong Kong Stock Exchange, the company's primary COVID-19 vaccine candidate SCB-2019 (CpG1018╕Aluminum Adjuvant) has made significant progress in the submission of registration applications.The company's registration application submission plan for the China National Drug Administration, European Medicines Administration and World Health Organization will be completed in the fourth quarter of 2022.
repurchases for the 34th consecutive day! Tencent Holdings repurchased 1.3 million shares on October 7, spending about HK$350 million
$Tencent Holdings (00700.HK)$ announced that the company spent about HK$354 million to repurchase 1.3 million shares of shares , with a repurchase price of HK$270.4-HK$273.8 per share. Tencent has been repurchased for 34 consecutive trading days, totaling 40.15 million shares, costing HK$11.966 billion. Tencent’s cumulative number of repurchases this year has reached 71 times, with a repurchase amount of HK$21.976 billion.
Oriental Overseas International: Total revenue in the third quarter of 2022 increased by 16.9% year-on-year
$ Oriental Overseas International (00316.HK)$ was announced. The company's total revenue in the third quarter was US$5.044 billion, an increase of 16.9% year-on-year. The total cargo capacity and carrying capacity decreased by 3.4% and 1.8% respectively. The overall carrying rate fell by 1.4% compared with the same period in 2021, and the average revenue per TEU increased by 21.1% year-on-year. Total revenue in the first nine months increased by 43.4% year-on-year, and total cargo loads decreased by 6.2% compared with the same period last year. The carrying capacity decreased by 4.9%, and the overall carrying capacity decreased by 1.2% compared with the same period in 2021.
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Keywords: annual electricity consumption rate in China, electricity consumption in China, Eurozone October Sentix Investor Confidence Index, Chicago Fed Chairman Evans Speech
Monday, in terms of economic data, investors can pay attention to annual electricity consumption in China, and electricity consumption in China.
In addition, euro will release the October Sentix investor confidence index and is expected to continue to remain low. In terms of financial events, Chicago Fed Chairman Evans will speak on the U.S. economic prospects and monetary policy, and investors need to keep an eye on it. In terms of new shares of
, Hong Kong construction contractor $GC CONSTRUCTION (01489.HK)$ and medical device company $JINS Technology-B (09877.HK)$ will be listed on the Hong Kong Stock Exchange on October 10.
Niu Niu Chen Reading:
Article 1: The most important thing is to keep the principal; Article 2: Never forget the first.
—[US] Warren Buffett
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