On October 3rd local time, U.S. stock opened high and closed high, all three major indexes rose by more than 2%, and the Dow Jones rose by 765 points. Tesla fell 8.61% against the trend, the biggest drop in four months. Credit Suisse closed up, and its European stocks fell by more than 11% to a record low.
Comprehensive Xinhua News Agency and CCTV News, on October 3 local time, the Swedish Procuratorate announced the blockade of the waters near the leak point of the "Northern Stream" natural gas pipeline and launched a criminal investigation. British Chancellor Kwasi Kwoten admitted that his economic plan caused "some volatility".
US stocks opened high and closed high. Celebrity technology stocks generally rose
Local time on October 3, local time, US stocks opened high and closed high. As of the close, S&P 500 index closed up 2.59%, the largest single-day increase since July 27, at 3678.43 points; the Dow Jones Industrial Average closed up 2.66%, the largest increase since June 24, at 29,490.89 points; the Nasdaq closed up 2.27%, at 10,815.44 points.
Source: Wind
Star technology stocks generally rose. "Meta Universe" Meta rose more than 2%, Netflix rose more than 1%, Amazon rose more than 2%, Apple , Microsoft , Google parent company Alphabet all rose more than 3%.
chip stocks rose together and outperformed the market, Intel , AMD rose more than 4%, Micron Technology and Nvidia rose more than 3%.
Popular Chinese stocks most rose, four quarters education rose 8.17%, Tuniu rose 7.22%, Huazhu rose 6.8%, Autohome rose 6.02%, and New Oriental rose 4.67%. Chinese new energy vehicle stocks rose and fell mixed, with NIO falling 1.84%, Xiaopeng Motors falling 1.72%, and Ideal Auto rising 1.96%.
Market insiders believe that poor ISM manufacturing data, weak credit markets, and rumors of Credit Suisse's financial crisis have all increased the possibility of the Federal Reserve's policy adjustment. The market is betting that the Federal Reserve will start cutting interest rates as early as May next year.
Credit Suisse and Citigroup lowered the S&P 500's year-end target to 3850 points and 4000 points respectively, and Citigroup is expected to continue to fall to 3900 points next year.
Morgan Stanley"big short seller" Mike Wilson said that if the Fed does not turn dovishly, US stocks will fall further, and the upcoming financial report season will put pressure on the stock market, but the short-term rebound of US stocks cannot be ruled out under the "oversold" state.
Tesla hit its biggest drop in four months
On October 3, Tesla fell 8.61%, the biggest drop in four months.
Source: Wind
News, on October 2, Tesla released its delivery data for the third quarter of 2022, with delivery volume of 343,830 vehicles, a record high, but lower than the expected Wall Street of about 358,000 vehicles. Analysis pointed out that although Tesla's third-quarter delivery data set a new record, it was lower than expected and may not be enough to support Tesla's stock price in the coming weeks. Data shows that since Tesla's July delivery data was released, its stock price has risen by about 17%, while the S&P 500 fell by about 6% during the same period, which shows that the market expectation is very high.
In addition, the humanoid robot Optimus Optimus prototype has received widespread criticism from experts and the media. Analysts said Optimus Prime, like Tesla's previously released Cybertruck, is bulky, unfinished, optimistic, and not yet public, with few clues to when mass production will begin. This is easily reminiscent of fully autonomous driving. Importantly, Optimus Prime's performance seems to lag behind modern Boston Dynamics for many years.
Credit Suisse's US stocks turned up intraday
Credit Suisse's US stocks fell 7% before the session, and after opened , it fell 5.6% at one point, turned up and closed up more than 2% at midday. Its European stock price fell more than 11% to its historical lowest, and finally closed down nearly 1%. Credit Suisse Group's credit risk assessment indicators also rose to record highs for a time.
Source: Wind
Outside speculates that Credit Suisse is on the verge of bankruptcy, and the company's CEO's memorandum failed to calm market doubts. Credit Suisse said that when the third quarter report was released on October 27, the details of the comprehensive strategic review were announced. Mohamed El-Erian, chief economic adviser of Germany, said Credit Suisse was not a "Lehman moment". Amid restructuring and capital concerns, Credit Suisse's share price has fallen by nearly 60% this year.
Sweden Block the sea area near the leakage point of the "North Stream" pipeline
launches a criminal investigation
0On October 3 local time, the Swedish procuratorate announced the blockade of the water area near the leakage point of the "North Stream" natural gas pipeline and launched a criminal investigation.
The Swedish Procuratorate said in a press release that day that the waters around the leaking point of the "North Stream" pipeline near Sweden have been blocked for criminal investigation. The Swedish Procuratorate is cooperating with several institutions to conduct relevant investigations.
The Swedish Coast Guard issued a press release on the evening of October 3 saying that according to the requirements of the Swedish Procuratorate, the Coast Guard has prohibited all forms of activities in the area 5 nautical miles around the "Northern Stream" pipeline leakage point, including prohibiting ships from entering and anchoring, prohibiting diving, fishing and conducting geophysical surveying and mapping in the waters.
Currently, 4 leak points were found on the " Nord Stream-1" and " Nord Stream-2" pipelines, located in the waters near Sweden and Denmark respectively. According to the Swedish Coast Guard's news release on the 3rd, no bubbles gushing out of the sea at the "North Stream-1" leak point were observed, while the bubble range diameter of the bubbles on the "North Stream-2" leak point was still between 15 meters and 20 meters.
According to Swedish TV on September 27, two strong underwater explosions were detected in the waters where the "North Stream-1" and "North Stream-2" natural gas pipelines the day before. Russian President's press secretary Peskov told the media on September 29 that the "North Stream" natural gas pipeline leak "may be a national-level terrorist attack" and requires the cooperation of multiple countries to conduct an investigation. The
"North Stream-1" pipeline was completed in 2011. It starts from Vyborg, Russia in the east and transmits gas to Germany via the Baltic seabed. The "Beixi-2" pipeline was completed last year and is basically parallel to the main pipeline of "Beixi-1" and has not been put into use yet, but some natural gas is sealed in the pipeline.
Ukraine's official: Ukraine's agricultural product exports basically reached the pre-conflict level in September
Ukraine's National News Agency reported on October 3 local time that Dennis Malchuk, vice chairman of the Ukrainian Agricultural Commission, said on the same day that Ukraine exported 6.9 million tons of agricultural products through various channels in September, which basically reached the export level before the Russian-Ukraine conflict. Malchuk said Ukraine exported about 3.8 million tons of agricultural products through southern ports in September, compared with 1.7 million tons in August.
The British Chancellor admitted that his economic plan caused "volatility"
On October 3 local time, British Chancellor Kwasi Kwoten delivered a speech at the Conservative Party annual meeting held in Birmingham , admitting that his economic plan caused "some volatility".
Earlier that day, Quasi Kwoten issued a statement saying that he would abandon the previously proposed plan to cancel the maximum income tax rate of 45% for high-income earners.
Russia said it would attack Ukraine's military targets
Ukraine said it would repel Russian attack
local time on October 3, local time, the Russian Ministry of Defense released a war report saying that in the past 24 hours, the Russian Aerospace Forces attacked the 24th mechanized brigade of Ukraine in Khlsong and destroyed many military equipment. Ukrainian news agency quoted a statement from the Ukrainian Air Force Command, which reported that the Ukrainian army shot down a Russian Su-25 fighter jet in Khlsong.
in Donetsk , the Russian Ministry of Defense said that the Russian army attacked many military targets and weapons and ammunition depots of the Ukrainian army. Russian air defense system also intercepted several US-made "Haimas" multi-rocket launcher system shells in the air. In Zaitsewe, Bachmut, Viimka and other places, according to Ukrainian news agency citing Ukrainian military commanders, the Ukrainian army repelled the Russian attack and used missiles and artillery shells to attack many Russian military ammunition depots and military targets.
Israeli central bank hikes hikes
hits the highest interest rate in 10 years
0On October 3 local time, the Israeli central bank announced that it would raise the benchmark interest rate by 0.75 percentage points to 2.75% to cope with the country's rising inflation rate. This is the fifth time that Israel has raised interest rates this year, with an interest rate of 2.75% also the highest in the country in 10 years.
The report of the Israeli Central Bank shows that due to internal and external factors such as the European energy crisis, monetary tightening policies of various countries, the Russian-Ukrainian conflict and global supply chain disruptions, Israel's inflation rate reached 4.6% in the past 12 months, exceeding the expected range. The country's latest consumer price index (CPI) shows that in the past 12 months, residential prices and rents have risen rapidly, and many costs, including energy, food, vegetables and transportation, have hovered at high levels.
Israel Central Bank Governor Amir Yaron pointed out in the report that the Israeli Central Bank will continue to implement monetary tightening policies based on the country and the global economic situation, and strive to restore Israel's inflation rate to the target range of 3%.
Editor: Song Zhaoqing Yu Hongbo
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