In the face of geographical uncertainty and the traditional “four witch days”, investors need to decide whether to “hold shares for the weekend”. US stocks, which had risen for three days in a row, entered the state of adjustment again before Friday trading. As of Thursday, the S & P 500 index rose 4.93% this week, its best performance since November last year.
(S & P 500 daily chart, source: tradingview)
Michael Hewson, chief market analyst of CMC markets, said that the current market sentiment is still very fragile. Although it has rebounded in the past two weeks, the risk of further escalation of the situation is still a real concern.
According to the previous report of the financial Associated Press, about US $3.5 trillion of financial derivatives are about to expire on Friday, and the scale of near value options that expire is also the largest since 2019, which means that the market volatility on Friday is expected to be particularly amplified, which is originally due to the extraordinarily volatile geographical situation in recent days.
For global investors, tonight’s news about the China US dollar first meeting will also be an extremely important signal of the development of the situation.
market dynamics
As of 20:33 Beijing time, Dow Index Futures (June 2002 contract) fell 0.51% and S & P 500 index futures fell 0.65%; Nasdaq 100 index futures fell 0.70%.
On the previous trading day, the three major indexes opened low and went high, and the collective closed up. As of the close, the S & P 500 index rose 1.23% to 441167; The NASDAQ index rose 1.33% to 1361478; The Dow Jones index rose 1.23% to 3448076.
The European market under trading continued to be in a state of correction, with major stock indexes falling nearly 1%.
(European market trend on Friday, source: Investing)
company information
[official price increase of Xiaopeng automobile]
On Friday evening, Xiaopeng automobile announced that affected by the continuous sharp rise in the price of upstream raw materials, Xiaopeng automobile will adjust the price of cars sold in the market. The increase range of the price before the subsidy is 10100 ~ 20000 yuan.
[Shanghai Customs inspects and releases the first batch of imported Pfizer covid-19 virus treatment drugs]
According to surging news, it was learned from Shanghai customs that at 22:30 on March 17, 21200 boxes of imported covid-19 virus treatment drug “paxlovid” were inspected and released by the customs of Shanghai Shanghai Waigaoqiao Free Trade Zone Group Co.Ltd(600648) Free Trade Zone, all import customs clearance procedures were completed and rushed to the front line of national anti epidemic. It is understood that this is the first batch of imports in China after the drug was included in the latest covid-19 pneumonia diagnosis and treatment program.
[CEO of Porsche: talked about “doing projects together” with apple and other companies]
On Friday local time, Porsche CEO Oliver Blume revealed at the annual report video conference that in the second half of last year, the company sent personnel to the United States to discuss “doing projects together” with apple and other companies. Blume said that we already have apple Carplay and will further expand cooperation in the future.
[further expansion of shutdown scope of Toyota local factory]
Affected by the shutdown of the upstream parts supplier’s supply chain due to the earthquake, the shutdown scope of Toyota’s local factories will be further expanded next week. Toyota Motor Company said that 18 production lines of its 11 factories in Japan will be shut down from Monday to Wednesday due to the shortage of parts from its suppliers caused by the earthquake. Toyota will therefore lose production of about 20000 cars.
[Boeing is expected to win Delta’s big order]
According to media reports citing sources, Boeing is approaching a large order of up to 100737 Max 10 aircraft with Delta Airlines. If this transaction is confirmed, it will be the first time Delta Airlines has purchased 737 max series aircraft, and it will also be the first time that the company has purchased aircraft from Boeing in 10 years. According to people familiar with the matter, Boeing and delta are still negotiating on details. If an agreement is reached, it may be announced as early as next month.
[Moderna applies to FDA for “fourth needle” license]
On Thursday local time, the biopharmaceutical company Moderna announced that it would submit a “fourth needle” enhanced injection license for people aged 18 and over to the FDA. Earlier, Pfizer / biontech also submitted a similar application to the FDA on Tuesday, but only for people aged 65 and over. At present, the effectiveness of the “fourth needle” is still in the research stage.
[meta sued by Australian regulators for failing to prevent fraudulent advertising]
The Australian Competition and Consumer Association filed a complaint with the court on Friday, accusing Facebook parent company meta of failing to prevent the fraud group from putting false advertisements on the platform with forged endorsements of famous people. It is reported that some criminals who use cryptocurrency to carry out fraud use some delivery materials with local well-known business figures, politicians and TV hosts to mislead users and cause a lot of property losses.
[PetroChina and Airbus sign agreement to sell carbon reduction points]
After Thursday local time, western Petroleum, a new “Buffett concept stock”, announced that it had reached an agreement with Airbus to sell 400000 tons of carbon reduction points. According to the company’s previous disclosure, the construction of the carbon capture plant is planned to start in the second half of this year. It is expected to be located in the Permian Basin, the main oil producing area in the United States, and the construction cycle is about two years. The International Energy Agency expects that the planned plant will have 100 times the carbon capture capacity of 19 direct air capture technologies in the world.
events worthy of attention during US equities (Beijing time)
March 18
22:00 total sales of existing homes in the United States in February
March 19
01:00 total number of oil wells drilled in the week from the United States to March 18
01:20 Richmond Fed chairman Balkin delivered a speech
02:00 Federal Reserve governor Bowman and Chicago Fed chairman Evans attended the seminar
