Tencent Securities News on November 13th, the three major U.S. stock indexes all rose nearly 1% at the opening, as investors are optimistic that the new crown vaccine will promote economic recovery, but the worsening epidemic has also put pressure on the market. At the same time, the Federal Reserve Chairman reiterated that the economic outlook is not Certainty. The panic index VIX fell 3.5% to 24.27 points.
As of the opening, the Dow rose 212.39 points to 29292.56 points, an increase of 0.73%; the Nasdaq rose 88.18 points to 11,797.77 points, an increase of 0.75%; the S&P 500 index rose 25.08 points to 3,562.09 points, an increase of 0.71%.
China's new energy vehicle and e-commerce stocks collectively rose, Ideal Auto rose 22.1% to a new high, Xiaopeng rose 6.5%, Weilai rose 6.2% to a new high, JD rose 4.9%, Pinduoduo rose 6.1% to a new high, Vipshop Will rise 4.2%, the third quarter and the third quarter revenue of 23.2 billion yuan exceeded expectations. The
Stoxx Europe 600 Index fell 0.01% due to the rising number of newly confirmed cases in European countries. As of the close, the Shanghai Composite Index fell 0.86%, the Nikkei 225 Index fell 0.53%; South Korea's KOSPI Index rose 0.74%.
Oil prices fell slightly, as the intensified epidemics in Europe and the United States made the outlook for crude oil demand bleak. WTI crude oil futures fell 1.1% to $40.66 per barrel. Brent crude oil futures fell 0.9% to $43.15 per barrel.
The price of gold has risen sharply due to market concerns that the global economy will decline again with the rise in confirmed cases. The US dollar index fell 0.17% to 92.81. US COMEX gold futures rose 1.1% to $1,893.35 per ounce.
Federal Reserve Chairman Powell said the economy may face challenges in the next few months as the new crown virus spreads. Z17z
Federal Reserve Chairman Jerome Powell said that with the spread of the new crown virus, the US economy may face challenges in the next few months-despite the recent vaccine Positive news for development.
“We do see the economy continue to be on a solid recovery path, but the main risk we see is clearly the further spread of the new crown virus in the United States,” Powell said in a video conference panel discussion organized by the European Central Bank on Thursday. As the virus spreads, the next few months may be challenging." Z2z
Fed officials did not change their policy stance at a policy meeting held after the U.S. election last week, maintaining near-zero interest rates and buying $120 billion in bonds each month. .
However, the prospect of a government split implied by the election results has cooled expectations for more aggressive fiscal stimulus. This may cause the Fed to adjust its bond purchase plan in the next few months in order to provide further support to the economy. The Fed’s next policy meeting is scheduled for December 15-16.
The number of confirmed cases of new crown in the United States exceeds 140,000, a record high
Data released by the US Centers for Disease Control and Prevention on the 12th shows that the United States reported 143408 new confirmed cases of new crown and 1479 new deaths on the 11th, setting a new record globally The highest number of newly confirmed cases in a single day in a country within the scope.
The number of new cases reported in a single day on the 11th broke the record of more than 130,000 cases set in the previous day. According to data, as of the 11th, the average number of confirmed cases in the United States has increased by more than 120,000 in the past 7 days. The 7-day average number of deaths per day has also been rising, and currently exceeds 1,100.
Statistics released by Johns Hopkins University in the United States show that as of the evening of the 12th Eastern Time, the cumulative number of confirmed cases of new crown in the United States exceeded 10.53 million, and the cumulative number of deaths exceeded 242,000.
Where will the U.S. stock market go?
BlackRock's global configuration team leader Rick Rieder (Rick Rieder) said that he expects the US stock market to continue to rise before the end of this year, but he expects market turbulence. He also said that although the number of new coronary pneumonia infections has increased, he expects the process of economic recovery will continue. Reid said: “The Federal Reserve will maintain an accommodative policy model for a period of time. After so much stimulus measures are invested, there is so much liquidity in the market, and then fiscal stimulus measures are added. In this case The economy will actually perform quite well.”
蒙Brian Belski, chief investment strategist at BMO Capital Markets, said: "What I want to say is that it is too early to say that technology is not working now. In the future In a few quarters, the prospects of how the economy will emerge from recession and achieve growth are still doubtful. Coupled with the possibility of further shutdowns in various states and even across the United States, this has really strengthened people’s confidence and purchases in technology stocks Brent Schutte, chief investment strategist at Northwest Mutual Wealth Management, said that although the market is showing signs of concern about the rise in new coronavirus infections, the economy is recovering. The long-term prospects of the vaccine remain solid, and advances in vaccine research and development support this vision. He said: "In a way, the vaccine means that the epidemic will end and we will be able to return to normal. I am quite confident about the prospects for next year."
