US economic data is mixed: The inflation indicator that the Federal Reserve focuses on - the PCE price index grew higher than market expectations in August, and the core PCE index also grew beyond expectations, strengthening investors' expectations that the Federal Reserve will maintain aggressive rate hikes in ; and partly benefited from the decline in gasoline prices, individual consumer spending rebounded in August, with unexpected growth rate higher than expected, and it still showed a certain degree of resilience in a high inflation environment.
The statements of senior Federal Reserve officials have appeared in some different previous voices: the second-in-command and vice chairman of the Federal Reserve Brainard emphasized that the anti-inflation rate hike should not be removed too early, saying that restricted interest rates should be maintained for a period of time. At the same time, the Fed is concerned about the spillover risk of rising global interest rates and admits that it is necessary to monitor the risks of rising borrowing costs that may bring stability to the global market. Richmond Fed Chairman Barkin said important pressures to stimulate price increases are showing some signs of easing.
Brainard mentioned that the Federal Reserve is concerned about financial turmoil and warns of the risks of financial stability, and has temporarily calmed the market. During the session, the three major U.S. stock indexes all turned higher. The Nasdaq rose more than 1% in the early trading and the Dow Jones rose more than 100 points, but they all fell in the afternoon. They finally closed down for two consecutive days, with cumulative declines for two consecutive months and three consecutive quarters. Commentators believe that on Friday, Fed officials also emphasized the continued interest rate hikes and the continued restricted interest rates to last longer, and the market's response to the economic pain caused by interest rate hikes still prevailed.
Eurozone adjusted CPI in September to grow by 10% exceeding expectations, with the first growth rate reaching double digits. Inflation in Europe and the United States is at a high level, and the market fully expects that the central bank will maintain interest rate hikes by . Media surveys show that market participants expect the Bank of England to raise interest rates sharply in November and December. European Treasury yields fell and prices rebounded on Friday, sensitivity to interest rate outlook, 2-year UK Treasury yields fell by more than 10 basis points in the session, but ultimately.
US Treasury bonds followed the rise in European bond prices during the session, and the price of European stocks fell after the closing. The benchmark 10-year Treasury yield hit a daily low and fell by about 10 basis points in the day. The decline in the afternoon was smoothed and turned to an increase. Although it was not close to the 2010 high hit on Wednesday, the yield has climbed for the ninth consecutive week and has risen for five consecutive quarters. Commentators believe that Powell and other Fed policy makers crushed the market's hopes of the Fed's slowdown in interest rate hikes and next year's interest rate cuts, which became the driving force behind the sharp drop in US bonds in in the third quarter. After the release of the euro zone inflation data that exceeded expectations, the euro-dollar exchange rate accelerated and the dollar index was able to turn up intraday, eventually hitting the largest quarterly increase since 2015, maintaining the continuous quarterly cumulative momentum for a year. offshore RMB , which has risen sharply for two consecutive days, surged against the US dollar, fell back to , and the Asian market rose through the 7.08 mark intraday and hit a new high for more than a week, turning to a decline as the US dollar rebounded. In
commodity , European natural gas continued to fall sharply, international crude oil continued to fall, natural gas fell sharply in September, and crude oil continued to fall cumulatively; precious metal gold rebounded with the support of the decline in intraday US dollar and US bond yields. Although it maintained its uptrend this week, it continued to fall cumulatively in September. Throughout the third quarter, except for natural gas, which is threatened by Russia's "drain", other commodities generally fell.
Dow Jones and S&P hit a new low in the past two years on the third day of this week, and the Nasdaq hit a new low in more than two years. The energy sector rose alone this week
Three major U.S. stock indexes opened lower collectively. After Brainard's speech, S&P 500 and Nasdaq Composite Index turned higher less than half an hour after opened, and the Dow Jones Industrial Average also got rid of the decline. At the end of the morning session, the Nasdaq rose more than 1.4%, the S&P rose nearly 0.9%, the Dow Jones Industrial Average rose slightly more than 130 points and more than 0.4%, and the decline continued to expand after the afternoon session. When hit the daily low at the end of the session, the Dow Jones Industrial Average fell nearly 510 points and fell more than 1.7%. In the end, the three major indexes closed down for two consecutive days, with the Dow Jones Industrial Average and S&P hitting a new low in nearly two years on the fourth day of this week, and the Nasdaq hit a new low in more than two years.
Dow Jones closed down 500.1 points, a drop of 1.71%, closing down 500 points for the first time since September 21 to 28,725.51 points, closing below 29,000 points for the first time since November 6, 2020, and closed below 29,000 points. This Monday, Tuesday and Thursday all closed at a new low since November 10, 2020.S&P closed down 1.51% to 3,585.62 points, hitting a new closing low since November 23, 2020, and hitting a new low since November 30, 2020 on Tuesday and Thursday, and hitting a new low since December 14, 2020 on Monday. The Nasdaq closed down 1.51% to 10,575.62 points, hitting a new closing low since July 29, 2020, falling below the lowest point this year on June 16, and hitting a new low since 2020 on the second day after June 16.
So far, compared with the record high in January this year, the market value of the S&P 500 has evaporated by about $10 trillion in nearly nine months.
small-cap index, mainly value stocks, Russell 2000 closed down 0.61%. technology stock is the -heavy Nasdaq 100 index closed down 1.73%, underperforming market , hitting a new low since September 24, 2020. Both Russell 2000 fell for two consecutive days after two consecutive days.
This week, the major U.S. stock indexes have all fallen for the third consecutive week, benefiting from the big rebound on Wednesday, and the declines throughout the week were eased compared with last week. The Dow Jones Industrial Average, which fell 4% last week, fell 2.92% this week, the S&P, which fell more than 4% last week, fell 2.91% in total, the Nasdaq Equity Index, which fell more than 5% last week, fell 2.69% in total, the , which fell more than 4% last week, the Nasdaq 100, which fell more than 6% last week, fell 0.89%.
9 major U.S. stock indexes fell for two consecutive months in September, with a decline far exceeding August. The Nasdaq 100, which fell 5.2% and 4.6% in August, respectively, fell 10.6% and 10.5% in September, respectively. The S&P, which fell more than 4% in August, fell 9.34%, the largest monthly decline since March 2020. The Dow Jones Industrial Average fell 8.84% in September after falling more than 4% in August, and the Russell 2000, which fell more than 2% in August, fell 9.73%.
In the third quarter, all stock indexes fell for three consecutive quarters. Although the rise in July exceeded 12% and the largest monthly increase since April 2020, the Nasdaq Index still fell 4.11% in the third quarter; although the rise in July exceeded 9% and nearly 7% respectively, the largest monthly increase since November 2020, the S&P and the Dow continued to fall 5.28% and 6.66% in the third quarter; Russell 2000, which rose more than 10% in July, fell 2.53% in the third quarter, and the Nasdaq 100, which rose more than 12% in July, fell 4.63%.
Among the major sectors of the S&P 500, except for real estate that rose about 1% on Friday, all closed down. Except for materials that fell nearly 0.4% and energy that fell 0.9%, other sectors fell at least more than 1%, utilities that fell nearly 2% and Apple that fell more than 1.9% led the decline, and Amazon , consumer discretionary products that fell more than 1.8%.
Among all sectors, only one of the energy sectors, which rose 1.8% this week, rose cumulatively, utilities that fell nearly 9% led the decline, IT fell more than 4%, and real estate and consumer essentials fell nearly 4%, reflecting the decline in interest rate hikes in , which is sensitive to interest rates under the blow of . All sectors fell cumulatively in September, with real estate falling by more than 13%, communication services where IT and Meta were located fell by more than 12%, and utilities fell by more than 11%. Except for medical care, which fell by more than 2%, other sectors fell by at least nearly 9%. In the third quarter, only the two sectors of consumer discretionary products that rose more than 4% and energy that rose more than 1% rose cumulatively, communication services fell nearly 13%, real estate fell more than 11%, and materials and consumer discretionary products fell more than 7%. Among the leading technology stocks in
, except for Apple, all fell for two consecutive days, and Tesla closed down 1.1%, continuing to hit a low since July 26. Among the six major FAANMG technology stocks, Apple closed down 3%, falling to its lowest level since June 30 for three consecutive days, and Microsoft fell more than 1.9%, setting a new low since March last year set on Tuesday; Google parent company Alphabet fell more than 1.8%, hitting a low level since the end of March last year for two consecutive days; Netflix fell nearly 1.8%; Amazon fell nearly 1.6% to its low level since July 14; Facebook parent company Meta fell more than 0.5%, hitting a new low since December 2018 on the fourth day of this week.
This week, except for Netflix, which rose more than 9% on Wednesday, which rose about 4%, the above-mentioned technology stocks all fell cumulatively. Apple fell more than 8%, Amazon fell 0.7%, and others fell at least 2%. Only Netflix, which rose more than 5% in September, had cumulatively rose. Except for Tesla, which fell more than 3%, everyone fell more than 10%, Meta fell more than 16%, and Apple fell more than 12%. In the third quarter, Alphabet fell nearly 96%, Meta fell nearly 16%, Microsoft fell more than 9%, Netflix rose nearly 35%, Tesla rose more than 18%, Amazon rose more than 6%, and Apple rose more than 1%.
Some popular Chinese stocks rebounded against the market, with Chinese ETF KWEB closing up 0.3%, and CQQQ closing down 1.8%. The Nasdaq Golden Dragon China Index (HXC) closed up 0.7%. Among the four constituent stocks of the Nasdaq 100 Index, Pinduoduo rose about 3%, NetEase rose more than 0.5%, while JD.com fell 1.8%, and Baidu fell 0.2%.Among other html stocks, Genxi Bio rose nearly 24%, Chuangyoupin rose more than 10%, Shell rose more than 7%, Alibaba , NIO rose more than 1%, B station rose more than 0.4%, while Tianjing Bio fell more than 6%, Financial One Account fell 5%, New Oriental fell more than 4%, iQiyi fell more than 2%, Tencent pink order, Xiaopeng Motors , Ideal Auto fell more than 1%.
In terms of European stocks, the pan-European stock index rebounded sharply on Thursday. The European Stock 600 index broke out from the closing low since November 9, 2020 set on Thursday, and the stock indexes of major European countries also rebounded on Friday. All sectors closed higher on Friday, with real estate, which rose more than 5%, leading the rise, retail, media, engineering, financial services, technology, chemicals and industry all rose more than 2%.
This week, the European Stock 600 index fell for three consecutive weeks, and the stock indexes of various countries also fell for a cumulative decline. Except for the Italian stock index, the others fell for three consecutive weeks. A total of 9 sectors fell cumulatively this week, with utility that fell more than 6%, followed by banks falling more than 5.7%. Among the 12 sectors with cumulative rises, the basic resources of mining stocks rose by more than 3%, and oil and gas, which rose by nearly 2%, followed closely behind.
9 September European Stock 600 index and stock indexes of various countries fell for two consecutive months. All sectors have fallen cumulatively, with real estate falling by more than 17%, Telecom falling by more than 12%, retail falling by more than 9%, and media with the smallest decline fell by more than 3%.
In the third quarter, the European Stock 600 index fell for three consecutive quarters, the German, French, British and Italian stock index fell for three consecutive quarters, and the Spanish stock index fell for five consecutive quarters. All sectors also fell in full swing, with real estate falling by more than 17%, telecom falling by more than 16%, retail falling by more than 11%, and tourism, basic resources and media, which are at the bottom, all fell by more than 1%.
10-year U.S. Treasury yield fell by more than 10 basis points during the session and then turned upward, rising for nine weeks and five quarters in a row. The 2-year yield rose by more than 130 basis points in the third quarter
European Treasury bond prices rebounded after falling back on Thursday, and short-term British bond yields took the lead in falling back. The yield on the 10-year benchmark treasury bond closed at 4.08%, down 5 basis points in the day, away from the high since November 2008 set on Tuesday; the yield on the 2-year treasury bond closed at 4.17%, down 10 basis points in the day, and European stocks hit a new daily high and rose above 4.40%, up about 13 basis points in the day, continuing to stay away from the high since July 2008 set on Tuesday.
Eurozone benchmark 10-year German Treasury bond yield closed at 2.10%, down 7 basis points in the day, far from the high since November 2011 set on Tuesday; the 2-year German Treasury bond yield closed at 1.73%, down 3 basis points in the day, and also far from the high since December 2008 set on Monday.
The yield on the US 10-year benchmark Treasury bond was only measured at 3.80% in the early trading of the Asian market, and remained stable below 3.80% on the rest of Friday. European stocks broke through 3.70% to 3.68% intraday, down more than 10 basis points in the day, giving up Thursday's rebound, US stocks rose by 3.70% before the trading session and rose by 3.80% in the afternoon, and rose by 3.8286% in the late trading session, up 4.31 basis points in the day, which is still far from the high since 2010 that was hit by 4.0% in the afternoon.
The 2-year U.S. Treasury yield, which is more sensitive to interest rate outlook, hit a daily low of 4.14% in the US stock market, then rose in the middle of the session, and hit a daily high of 4.2808% in the late New York trading, up 8.84 basis points in the day, close to the highest level since August 27, 2007, which rose above 4.34% on Monday.
This week, the yield on the 10-year British bond rose by 26 basis points, the yield on the 10-year German bond rose by 8 basis points, and the yield on the 10-year US bond rose by more than 14 basis points, all of which rose by nine consecutive weeks. The yields of British Treasury bonds rose the most among short-term bonds, with the yields of 2-year British bonds rising by about 28 basis points, the yields of 2-year US Treasury bonds rose by about 8 basis points, while the yields of German bonds fell by 15 basis points during the same period.
html In September, the yields of British bonds also led the rise, with the cumulative increase of 128 basis points on the 10-year British bonds rising by about 56 basis points on the 10-year German bonds rising by about 63 basis points on the 10-year US bonds rising by about 63 basis points on the 2nd month in a row.The yield on 10-year British bonds rose by 185 basis points in the third quarter, and the yield on 10-year German bonds rose by 77 basis points, both of which rose for three consecutive quarters. The yield on 10-year US Treasury rose by 63.6 basis points, and the yield on 2-year US Treasury rose by 132.54 basis points in the third quarter.
USD index hit a new week low and then turned higher during the session After the release of the euro zone CPI, the euro fell below 0.9800 in the early trading of European stocks, and then accelerated downward. The US stock market fell below 0.9740 before the trading session and hit a new daily low, about 0.8% in the day, which is still far from the low of 2002 set by 0.9528 during Monday's trading session. The US stock market closed slightly below 0.9800 and fell more than 0.1% in the day; the pound fell against the US dollar in the day. The US stock market also turned down in the day. The US stock market hit a new day low and fell below 1.1030 and fell 0.8% in the day. The US stock market turned up in the day. The US stock market closed slightly below 1.1160, up nearly 0.4% in the day, and the rise was less than 1% in the previous two days, but it was still far from the historical low hit by 1.0327 on Monday.
ICE USD Index (DXY), which tracks the exchange rate of six major currencies such as the US dollar against the euro, fell below 111.60 in the early trading, hitting a new low since last Friday, falling 0.6% in the day. After the announcement of the euro zone CPI, it quickly returned to 112.00, hitting a new daily high of 112.70, and rose nearly 0.4% in the day. The US stock market turned down again in the day, failing to get close to the high since May 2002, which was close to 114.80 in the day.
By the end of Friday, the US dollar index was slightly lower than 112.20 at 112.176, falling nearly 0.07% during the day, falling 0.7% this week, up about 3.2% in September, up more than 7.1% in the third quarter, setting the largest quarterly increase since the first quarter of 2015; , which tracks the exchange rates of the US dollar against ten other currencies, rose nearly 0.2%, and the US dollar index both ended two consecutive declines, fell nearly 0.2% this week, and the US dollar index both stopped rising for two weeks, up more than 3.2% in September, and the US dollar index rose for four consecutive months, up more than 6.1% in the third quarter, and the US dollar index rose for five consecutive quarters.
After two consecutive days of rising more than 1200 points, the offshore RMB (CNH) against the US dollar broke through the 7.08 mark and rose to 7.0729 intraday during the trading session on Friday and before the trading session of European stocks, setting a new high since last Thursday, rising 249 points in the day, and then continued to fall. The US stock market hit a new daily low after the trading session and fell 7.1432. At 4:59 Beijing time on October 1, the offshore RMB against the US dollar was 7.1419 yuan, down 441 points from the late trading session on Thursday, ending two consecutive increases. This week fell 42 points, a cumulative decline of seven consecutive weeks, and in September fell 2350 points, a cumulative decline of two consecutive months, and in the third quarter, a cumulative decline of 1478 points, a two-quarter decline in a row.
Bitcoin (BTC) fell below $19,200 before the U.S. stock market, and then rose to $20,000. The U.S. stock market rose below $20,100 in the early trading and hit a new daily high, up more than 5% from the intraday low. The U.S. stock market closed above $19,500, and rose less than 0.6% in the past 24 hours, rose more than 3% in the past seven days, fell nearly 3% in September, and rose more than 1% in the third quarter.
crude oil fell for two consecutive days, falling more than 20% in the third quarter, U.S. oil ended its nine consecutive quarters of continuous rise
International crude oil Futures fell for two consecutive days after two consecutive days. US WTI November crude oil futures closed down 2.14% at $79.49 per barrel; Brent 1 November crude oil futures closed down 0.60% at $87.96 per barrel, and both US oil were at the closing lows in the last three days.
US oil rose nearly 1% this week, and Brent Oil rose 2.2%, stopping the four-week continuous decline and the fourth week of the past 13 weeks. However, US oil still fell about 11% in September, and Brent Oil fell about 8.8%, both of which fell for four consecutive months. US oil fell nearly 25% in the third quarter, ending the nine-month continuous rise. Brent Oil fell about 23% after two consecutive quarters.
European natural gas fell sharply for two consecutive days after two consecutive days, and fell sharply in September. It also rose sharply in the third quarter due to the rise in the previous two months.
closed down more than 20% on Thursday. ICE UK natural gas futures closed down 13.07% to 352.89p /kcal, down 9.2% this week, down five consecutive weeks, down more than 20.9% in September, ending four consecutive months of rising, and nearly doubled in the third quarter, smearing nearly 20% of the decline in the second quarter; continental European TTF benchmark Dutch natural gas futures, which fell more than 9% on Thursday, closed down 7.34% to 188.8 euros/mWh, up about 2.4% this week, down about 22% in September, ending three consecutive months, up nearly 29% in the third quarter, up for three consecutive quarters.
US gasoline and natural gas futures fell.NYMEX October gasoline futures closed down 1.4% at $2.4726/gallon, falling for two consecutive days after three consecutive days. It rose 3.76% this week, ending a six-week continuous decline, falling 5.12% in September, falling for four consecutive months, falling 33% in the third quarter after two consecutive quarters; NYMEX November natural gas futures closed down 1.6% at $6.766/million British thermal units, ending two consecutive days of rises, falling 3.23% this week, falling for six consecutive weeks, falling nearly 26% in September, ending two consecutive months, rising nearly 25% in the third quarter, smearing nearly 4% decline in the second quarter.
London copper has been positive for four consecutive days but fell for six months, gold closed at a new high for more than one week, ending two consecutive weeks, and still fell for six months
London base metal futures rose most on Friday. London copper rose for four consecutive days, hitting a new high since last Thursday for two consecutive days, further firming above $7,500. Lunzin and Lunz lead rose for three consecutive days, Lunzin hit a weekly high, and Lunz lead closed above $1,900 for the first time since September 15. The tin, which fell back on Thursday, rebounded and closed higher on the fourth day of the week, continuing to break away from its low since December 2020 hit last Friday.
, while Lun Nickel and Lun Aluminum closed lower, Lun Nickel fell more than $1,200 in one day and fell more than 5%, giving up all the gains that ended the six-day consecutive decline on Thursday, closing close to $21,100 for the first time since September 2. Lun Aluminum, which had risen more than 8% during the session on Thursday, fell more than 1% on Friday, ending two consecutive gains, falling from a week-on-week high.
Base metals rose and fell in a mixed manner this week. Lun lead rose by more than 5%, ending four-week continuous declines, Lun tin rose by nearly 2%, and Lun copper rose by more than 1%, stopping the two-week continuous declines. Lun Nickel fell by nearly 10%, two consecutive weeks, Lun Zinc fell by more than 1%, and Lun Aluminum fell by more than 0.1%, three consecutive weeks.
htmlBasic metals fell in September, and the only cumulative increase in August, Lun Zinc fell by more than 14%, leading the decline, ending two consecutive gains. London nickel fell nearly 10%, while London aluminum fell more than 8%, both of which fell for seven consecutive months. Lun tin fell more than 9%, Lun copper fell more than 3%, and Lun lead fell more than 2%, both of which fell for six consecutive months. New York copper futures also fell for six consecutive months, with a cumulative decline of 3% in September.Except for Lun Aluminum, which closed at the end of the second quarter, other base metals in the third quarter all fell for the second consecutive quarter, but the decline was less than that in the second quarter. Luntin fell by more than 20% in the third quarter and continued to lead the decline, but the decline was less than nearly 40% in the second quarter. Lun aluminum fell by more than 11%, Lun copper fell by more than 8%, Lun nickel fell by 7%, and Lun zinc fell by 6%. New York copper futures fell 8% in the third quarter, and also fell for two consecutive quarters.
New York gold and silver futures rebounded, smoothing out Thursday's decline. COMEX December gold futures closed up 0.2% to $1,672.00/oz; COMEX December silver futures closed up nearly 1.8% to $19.039/oz, both of which hit new closing highs since last Thursday. Thanks to the rise of more than 2% on Wednesday, gold futures rose by about 1.0% this week, ending two consecutive declines. Silver Futures rose 0.7% this week, rebounding after falling more than 2% last week.
html September gold futures fell 3.1%, falling for six consecutive months, falling 7.5% in the third quarter, and falling more than 7% for two consecutive quarters. Silver futures rose 6.5% in September, ending five consecutive gains, falling nearly 6.5% in the third quarter, and both gold fell for two consecutive quarters.This article comes from Wall Street News, welcome to download the APP to view more
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