On September 7th local time, the yield of US bond collectively fell, US stock opened high and closed high, rising more than 1% across the board, with the largest rebound in the past month. The founder of Interactive Brokers believes that S&P needs to bottom out at 3300 points from the close of September 6.
Comprehensive Xinhua News Agency , CCTV News, on September 7 local time, the Bank of Canada ( Central Bank ) announced that it would raise the benchmark interest rate by 75 basis points to 3.25%; Ukrainian National Security and Defense Commission imposes sanctions on more than 600 Russian officials; International Atomic Energy Agency said that the abundance of enriched uranium produced by Iran is as high as 60%, close to the weapon level; on September 6, White House spokesperson said that the United States finally decided not to identify Russia as a "supporting terrorist country."
The three major U.S. stock indexes closed higher across the board
On September 7th local time, US stocks opened high and closed high. As of the close, the Dow Jones Industrial Average rose 1.4% to 31,581.28 points, the S&P 500 index rose 1.83% to 3,979.87 points, and the Nasdaq rose 2.14% to 11,791.9 points.
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Star Technology stocks both rebounded from a one-month low. Meta rose more than 1%, Amazon rose 2.7%, Apple rose nearly 1%, Microsoft rose nearly 2%, Netflix rose nearly 5%, Google parent company Alphabet rose 2.5%, Tesla rose more than 3%. Chip stocks stopped falling for seven days, with Philadelphia Semiconductor Index rising 1.6%. Intel and AMD stop falling and turn to rise by nearly 1%, while Nvidia rises by nearly 2%.
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News, Apple held a new autumn product launch conference and released iPhone 14, the new generation smart watch and wireless headphones as scheduled, with the stock price increase expanding during the period. Intel will increase the price of all motherboard chipsets from the fourth quarter, with an increase of about 10%-20%. Google CEO hopes to increase the company's efficiency by 20%, suggesting or laying off employees. A US court rejected Tesla CEO Musk's request to postpone the trial of Twitter , with Twitter rising 6.6% to its highest since August 22.
Popular Chinese outperforms the US stock market . Chinese ETF KWEB rose 2.4%, CQQQ rose 1.8%, Nasdaq Golden Dragon China Index (HXC) rose 2.3%, and component iQiyi led the way with nearly 13%. Among the four constituent stocks of Nasdaq 100, JD rose nearly 1%, NetEase rose 0.5%, Baidu rose nearly 2%, and Pinduoduo rose nearly 3%. Among other stocks, Alibaba rose by 2%, Lexin, Huya and Vipshop rose by 7%, Bilibili rose by 5%, and Tencent ADR rose by more than 1%.
Image source: Wind
Interactive Brokers Chairman Peterffy Peterffy said that the decline in the U.S. stock market is not enough to reflect the high inflationary pressure, which will prompt Feder to maintain high interest rates for a period of time. He said that the S&P 500 will not bottom out until it falls between 3,300 and 3,500 points. This means that the maximum drop is up to 16% compared to Wednesday's levels. After the bottom is bottomed, it will linger at the bottom for a "some time".
Bitcoin fell below $19,000
On Wednesday, September 7, Bitcoin fell by more than 5%. Although it later recovered the lost ground and turned slightly higher, it was still below the $19,000 mark. Since the beginning of this year, the price of Bitcoin has fallen by more than 60%.
The second largest digital currency Ether has also fallen by about 60% this year. On Wednesday, the digital currency fell by more than 10%.
There are also many digital currencies with cumulative declines of more than 80% this year. Currently, the total market value of global digital currencies has fallen below $1 trillion.
contract emperor data shows that in the past 24 hours, the cryptocurrency market has lost nearly 1 billion yuan, involving nearly 40,000 positions.
Given that the Fed may continue to raise interest rates in , the bear market for cryptocurrencies may be far from over. Chris Esparza, founder of the Decentralized Finance (DeFi) protocol Vault Finance, said that for Bitcoin, the Fed's gradual tightening policy presents a "bad prospect."
In addition, US regulators are also preparing to conduct stricter supervision of the digital currency market.
Bank of Canada announced that it would raise the benchmark interest rate to 3.25%
Bank of Canada (Central Bank) announced on September 7th local time that it would raise the benchmark interest rate by 75 basis points to 3.25%.
This benchmark interest rate has reached the highest value in Canada since 2008. Starting from March 2 this year, Bank of Canada has raised interest rates continuously to cope with sustained inflation. It announced a 25 basis point rate hike in March, and raised the benchmark interest rate to 1.5% after announcing a 50 basis point rate hike in April and June. In July, a 100 basis point rate hike was announced to raise the benchmark interest rate to 2.5%.
According to statistics from Canada, Canada's inflation rate has remained close to or above 8% since May. It was 7.7% in May, 8.1% in June, and 7.6% in July.
International Atomic Energy Agency:
The enrichment of enriched uranium produced in Iran is as high as 60%
is close to weapon level
0 Local time on September 7th, the International Atomic Energy Agency released a quarterly report on the same day that the enrichment of enriched uranium produced in Iran is as high as 60%, close to weapon level. If further enrichment is sufficient to manufacture nuclear bombs. The report also stated that the UN International Atomic Energy Agency cannot "provide guarantees" that Iran's nuclear program is "completely peaceful."
The US White House decided not to include Russia
on the list of so-called "terrorist countries"
In April this year, the Ukrainian President asked Russia to be recognized as a "state supporting terrorist", and the US Senate then passed a resolution. Local time, on September 6, a White House spokesperson said that the United States finally decided not to identify Russia as a "supporting terrorist country". Russia then responded that "proposing to identify Russia as a so-called 'terrorist-supporting terrorist country'" is horrifying in itself.
Russia said to control Donetsk a strategic location
Ukraine said it launched multiple air strikes on Russia
Russian Ministry of Defense 7th issued a war report saying that the Russian offensive in the Donetsk yard is progressing smoothly and has completely controlled the town of Kodma. The town is located south of the strategic location of Bachmut, which can continue to encircle Bachmut to the north after the Russian army controls it. In addition, the Russian army continued to attack Ukrainian military targets in Krivoyrog , Dnepropetrovsk and other places.
On the same day, the General Staff of the Ukrainian Armed Forces said that in order to cooperate with the ground forces' operations, the Ukrainian Air Force carried out 14 strikes on Russian strongholds in the past day. Ukrainian side said that the Russian army carried out air strikes and missile strikes on Kharkov , kramatork and other places on the 7th. In southern Ukraine, war is still tense, and the Russian army continues to launch artillery along the contact line and strengthens aerial reconnaissance.
Urban media said that the city of Aenegordar was cut off due to shelling and power
According to media reports on the 7th, the mayor of Aenegordar announced on the afternoon of the 7th that the city was bombarded by Russian troops, causing the power to be cut off again, and it is impossible to predict the time for power supply to be restored. Russia has not yet responded to this.
Ukraine National Security and National Defense Commission
Imposed sanctions on more than 600 Russian officials
media reported on the 7th that Ukrainian President Zelensky said in a routine video speech on the evening of the 7th that the Ukrainian National Security and National Defense Commission made an important decision on that day, imposing sanctions on 606 people in Russia, including 28 members of the Russian Federation Security Commission, 154 members of the Russian Federation Commission (Parliamentary Upper House) and 424 representatives of the Russian State Duma (Parliamentary Lower House).
Edited by: Wang Yin