Following yesterday's high opening and low going, the US stock market continued to seek stability on Tuesday. However, under the circumstances that the Federal Reserve is about to raise interest rates and the situation in Eastern Europe is still uncertain, market sentiment is obviously in a state of high stress.
According to the latest news, Russian Foreign Minister Sergei Lavrov told the media after meeting with the Iranian foreign minister on Tuesday that he had received the written guarantee requested by the United States to Russia. This also means that the negotiation of the Iranian nuclear agreement has taken a big step forward from the restart and final finalization. Affected by this news, the oil distribution once fell below the $100 mark on Tuesday, and WTI crude oil also fell by more than 7%.
(daily oil distribution chart, source: tradingview)
For Chinese investors, after China's Jinlong index fell sharply for three consecutive days, the trend of stocks in the US stock market continues to attract much attention. As of press time, Alibaba fell 4.95% in front of the market, and jd.com, Baidu, pinduoduo and station B all fell about 4%. The good news is that last night and this morning, US regulators also made positive comments on the delisting issue that the market is most worried about.
market dynamics
As of 20:22 Beijing time, Dow Index Futures (March 2002 contract) rose 0.25%, and S & P 500 index futures rose 0.17%; Nasdaq 100 index futures rose 0.39%.
On the previous trading day, the sentiment of US stocks was still weak, and the three major stock indexes opened higher and went lower, while the NASDAQ China Jinlong index continued to fall sharply by 11.73%, continuing the largest one-day decline after the subprime mortgage crisis. The S & P closed down 11.73% at 410500; The NASDAQ index fell 2.04% to 1258122; The Dow Jones index closed nearly flat at 3294524.
The European market under trading continues to show a trend of "rising and falling day by day", indicating that market sentiment is still in a state of violent fluctuations following the news.
(European market trend on Tuesday, source: Investing)
company information
[Tesla raises the price of Chinese and American cars again after five days due to huge inflationary pressure]
On March 15, according to Tesla China's official website, in addition to the rear wheel drive version of model y, the prices of four models, including model 3 rear wheel drive version / high-performance version and model y long-range version / high-performance version, increased slightly by about 5%, of which some models just increased once on March 10.
On the same day, Tesla's official website showed that it raised the prices of all models by about 5% - 10%. The starting price of the entry-level model 3 rear wheel drive version was raised to $46990 (up $2000), while the price of the long-distance version was also raised for the second time in less than a week.
There are already signs of this change. Elon Musk, CEO of Tesla, made it clear on twitter last Sunday that Tesla and SpaceX have felt great pressure on raw materials and logistics.
[guidelines for raising revenue of several US airlines]
Local time on Tuesday, including Delta Airlines, United Airlines and Southwest Airlines confirmed that the travel demand in this quarter is very strong, and the revenue is expected to be several percentage points higher than the upper edge of the previous guidance range. However, affected by the rise in oil prices and the delay in aircraft delivery speed, United Airlines also slightly lowered its passenger flow guidance for the whole year. As of press time, the US stock aviation sector has collectively strengthened, with United Airlines and Delta Airlines up more than 4%.
[new Alzheimer's disease drug "Qianjing" unknown, Bojian and Weicai re sign the sharing rules]
On Tuesday morning, Beijing time, pharmaceutical company Bojian and its partner Eisai announced that after consultation, the two sides agreed to adjust the sharing mode of aduhelm, a new drug for Alzheimer's disease. According to the latest announcements of the two companies, starting from 2023, Weicai will charge step-by-step royalties according to aduhelm's global revenue, starting from 2% to 8% of the highest level when the revenue exceeds US $100 million. Previously, the two companies shared the promotion expenses and profits of drug research and development.
[Toyota reduces production again due to core shortage crisis]
Toyota Motor announced on Tuesday that due to the shortage of semiconductor chips, one of its factories will suspend production for eight working days from March 22, and the production of tens of thousands of minibuses is expected to be affected. Toyota just announced earlier that it would cut its production guidelines by 20% in the second quarter of this year.
[Illumina launches multiple cancer gene testing]
Illumina, an American biotechnology company, announced on Tuesday that it officially launched the trusight oncology comprehensive test suite in the European market. The biggest feature is that it can scan 517 related genes of nearly 30 solid tumors in one test, which will help patients more accurately match the corresponding immunotherapy. The company also said it would submit a listing application to the FDA later this year.
events worthy of attention during US equities (Beijing time)
March 15
20:30 US February PPI, us march New York Fed Manufacturing Index
23:15 European Central Bank President Lagarde delivered a speech
March 16
04:30 US API crude oil inventory for the week to March 11
