Follow up comments
Recently, a number of preliminary studies on the covid-19 mutant strain Omicron showed that the negative impact of the spread of the strain on the global market may be far less than that of the delta mutant strain. First, Dr. Fauci, director of the National Institute of allergy and infectious diseases, said that compared with delta variant virus, the infection symptoms caused by Omicron virus are relatively mild. Secondly, the preliminary research results of Pfizer and biontech in the United States show that vaccination booster can effectively control the middle and Omicron variant strains. At present, the market's panic about the Omicron mutant strain has gradually eased, and the overseas market has returned to rationality. In addition, the two parties in the United States reached an agreement on raising the government debt ceiling, and the risk of federal government debt default decreased. Boosted by a number of good news, the three major U.S. stock indexes rose collectively on Wednesday for three consecutive days. The Dow Jones Industrial Average closed at 35754.75, up 0.10%; The NASDAQ index closed at 15786.99, up 0.64%; The S & P 500 index closed 0.31% higher at 4701.21. In terms of industry, most large technology stocks rose, while Apple Rose 2.28%; The banking sector fell significantly, with Wells Fargo falling 1.67%; Popular Chinese concept stocks rose or fell, tal rose 12.95%, and dingdong shopping fell 8.07%. The Federal Reserve will hold a December interest rate meeting next week. Federal Reserve Chairman Powell said last week that U.S. inflation has far exceeded the previously set target of 2%. The Federal Reserve may announce to accelerate the reduction of bond purchase after the December interest rate meeting. Recently, the US stock market is gradually digesting the news that the Federal Reserve may accelerate the tightening of monetary policy and raise interest rates in advance. It is expected that the future monetary policy of the Federal Reserve will focus on curbing inflation. On the whole, although the Federal Reserve will gradually tighten monetary policy, the good momentum of US economic recovery and sufficient liquidity in financial markets will boost US stocks further.
In Hong Kong, the three major stock indexes rose collectively on Thursday. Hang Seng Index closed at 24254.86, up 1.08%; Hang Seng China enterprise index closed at 8657.77, up 1.58%; Hang Seng Hong Kong Chinese enterprises index closed at 3920.03, up 1.29%. In terms of industry, the pharmaceutical sector rose significantly today, and Ali health rose 6.37%; The real estate sector rebounded strongly, and China Olympic Park Rose 5.78%.
Policy highlights
1. Central Bank of Brazil: the central bank announced an interest rate increase of 150 basis points, raising the country's benchmark interest rate from the current 7.75% to 9.25%, which is the seventh consecutive interest rate increase by the Central Bank of Brazil this year. （Wind）
2. Central Bank of Thailand: the governor of the central bank said that GDP growth this year is expected to be less than 1%; The economic recovery will be uneven and slow. (Wind)
Company dynamics
1. Intel (INTC.O): Pat Gelsinger, chief executive of the company, said that Intel will retain most of the funds raised when it plans to sell Mobileye shares of its autopilot Auto department when it plans to launch IPO next year, with the aim of building more chip factories. (Wind)
2. BMW (BNW. DF): the company signed an agreement with Inova semiconductor and Globalfoundries, which will guarantee the supply of millions of chips. (wind)
