Before Friday (February 25), the three major stock index futures rose slightly, reversing the previous decline. Market optimism was boosted by reports that Russia was ready to send a delegation to Minsk for talks with Ukraine.
The war between Russia and Ukraine continues. At present, the Russian army is rapidly advancing to Kiev, the capital of Ukraine. The Russian Defense Ministry announced that the main force of Russian airborne troops has blocked the west of Kiev and controlled the airport near Kiev. Ukrainian President Zelensky said that the whole territory of Ukraine has fallen into war and hopes to negotiate with Putin to avoid casualties.
European and American countries have increased sanctions against Russia. The United States and other NATO member states have provided military assistance to Ukraine, but there is no move to send troops for fear of triggering a wider European conflict.
At about 20:51 Beijing time on Friday, the situation in Russia and Ukraine changed again. RIA Novosti quoted the Kremlin as saying that the Russian delegation may be composed of officials from the Ministry of defense and the Ministry of foreign affairs.
It is reported that President Lukashenko of Belarus assured Russian President Vladimir Putin that he would create all conditions for the safety of Russian and Ukrainian negotiators.
Goldman Sachs analyst Allison Nathan said in a report: "with the continuation of the Russian Ukrainian war, the resulting geopolitical, economic and asset changes and impact have become the focus of most attention."
Ryan Detrick, chief market strategist of LPL finance, said: "the Russian Ukrainian war has worsened the already tense market. Investors sell first and then ask what happened. But it is important to know that major geopolitical events in the past usually have only a short-term impact, especially when the economic foundation is solid."
market dynamics
As of press time, Dow futures rose 0.13%, S & P 500 index futures rose 0.15%, and Nasdaq 100 index futures dominated by technology stocks rose 0.24%.
On the previous trading day, US stocks closed sharply higher, and the Dow rose 0.28% to 33223.83 points; The S & P 500 index rose 1.50% to close at 4288.7; The NASDAQ soared 3.34% to 13473.59 After Moscow began its full-scale invasion of Ukraine, US President Joe Biden announced severe new sanctions against Russia.
European stock markets in trading rose collectively. Affected by the latest situation in Russia and Ukraine, European stocks rose in the short term. The daily increase of Germany's DAX index expanded to 2.6%, France's CAC40 index rose 2.61% and Britain's FTSE 100 index rose 2.79%.
(source: Yingwei Caiqing)
company news
[beyondmeat fell nearly 10% in front of the US stock market, and the loss in the fourth quarter exceeded expectations]
Beyondmeat shares fell 9.8% before trading. Beyond meat lost $1.27 per share in the fourth quarter and the market expected a loss of 71 cents; Revenue decreased by 1.2% to US $100.7 million, and the market is expected to be US $101.4 million; The net loss was US $80.37 million, higher than US $25.08 million in the same period last year.
[the adjusted net profit of ideal automobile increased nearly five times in the fourth quarter of last year, and the loss of the whole year is expected to double year-on-year in the first quarter of this year]
Ideal automobile, a Chinese Shanxi Guoxin Energy Corporation Limited(600617) automobile enterprise, released its financial report on Friday. Its revenue in the fourth quarter of last year and the whole year doubled year-on-year. Its adjusted net profit increased nearly five times in the fourth quarter, and turned loss into profit in the whole year; The company also expects the year-on-year growth rate of delivery and revenue in the first quarter of this year to more than double. Earlier on the same day, ideal automobile announced that Wang Kai, chief technology officer, resigned for personal reasons, but will continue to serve as the company's senior consultant until December 31, 2022 to ensure a smooth transition; Chief engineer Ma Donghui will be responsible for the research and development of the company's smart car related technologies.
[Xiaopeng automobile established a new company in Beijing, and its business scope includes car rental]
Enterprise check app shows that on February 23, Beijing Chengpeng Automobile Sales Service Co., Ltd. was established with Li Chuxu as its legal representative and a registered capital of 5 million yuan. Its business scope includes: Sales of automobiles, auto parts and lubricants; Car Rental; Provide charging service for electric vehicles; Used car distribution; Used car brokers, etc. The equity penetration of enterprise investigation shows that the company is 100% controlled by Xiaopeng Automobile Sales Co., Ltd.
["Tesla killer" made bold remarks: Sword refers to 10% of the global market share and emphasizes the safety of battery supply chain]
Rivian CEO R.J. scaringe said Thursday local time that the company's assembly plant in normal, Illinois has made progress in increasing production, with the goal of occupying 10% of the electric vehicle market by 2030. Scaringe said rivian shut down the plant in the first 10 days of January in order to adjust the production line to increase production. Due to supply chain constraints, the company failed to reach the annual output target of 1200 vehicles last year. Scaringe said that rivian has replaced some of the chipsets with other more accessible chipsets. But global shortages will be a constraint for the rest of the year.
[GM plans to launch 50 new digital functions and services by 2026 to increase non automotive revenue]
According to media reports, a GM executive said on Thursday that by 2026, GM will launch more than 50 value-added products and services on new digital functions, including a function that allows cars to predict when they need maintenance, so as to improve its non automotive revenue. New digital products, including in car subscriptions, will be supported by GM ultifi software and connectivity platform. Ultifi will also provide wireless software updates and online shopping for drivers and passengers. Some digital features are designed to take advantage of the larger displays being installed on models such as Chevrolet Silverado EV, Cadillac lyriq and other future electric vehicles.
[MP materials Q4 net profit increased by 103% year-on-year, and the price of rare earth products increased by 48% year-on-year]
MP materials, an American rare earth miner, announced the fourth quarter and full year results of 2021. According to the financial report, the revenue of MP materials in the fourth quarter was US $99.109 million, a year-on-year increase of 135%; The net profit was US $48.989 million, a year-on-year increase of 103%; Diluted earnings per share was $0.26, compared with $0.20 in the same period last year. The actual price of rare earth oxide (REO) of MP materials in the fourth quarter was US $10101 per metric ton, a year-on-year increase of 48%; The production cost per metric ton was US $1525, a year-on-year decrease of 4%.
events worthy of attention during the US stock market period (Beijing time)
February 25
21:30 US January core PCE price index annual rate; Monthly rate of personal expenditure in the United States in January; Monthly order rate of durable goods in the United States in January
At 22:00, ECB president Lagarde held a press conference after the euro group meeting
23:00 final value of February University of Michigan consumer confidence index; Monthly rate of signed sales index of existing homes in the United States in January
