the three major stock indexes in the United States have been positive for two consecutive days, and the yield curve of US bonds continues to hang upside down
pushed up by more than 27%, and musk held 9.2% of its shares
JPMorgan CEO Damon: the United States faces an unprecedented risk portfolio
U.S. stocks rose across the board on Monday. The U.S. bond yield curve did not suppress market sentiment. Technology stocks became the focus of the market, and twitter inmask's shares rose by more than 20% to boost market sentiment.
As of the close, the Dow rose 103.61 points, or 0.30%, to 3492188, the NASDAQ rose 1.90%, to 1453255, and the S & P 500 index rose 0.81%, to 458264.
zhonggai shares rose sharply across the board, and the NASDAQ China Jinlong index closed up 7.37% . On the news side, the CSRC plans to revise the relevant provisions on overseas listing of Chinese enterprises, which will further improve the compliance level of overseas listed enterprises. Ding Dong's shopping and interesting headlines increased by more than 20%, futu, shell, iqiyi, pinduoduo and BiliBili increased by more than 10%, and Alibaba and jd.com increased by more than 5%. The new forces of car making performed well, with Weilai automobile rising by nearly 9%, Xiaopeng automobile and ideal automobile rising by more than 5%.
Technology stocks rose, with apple, Amazon, Google's parent company, alphabet, Qualcomm, Intel, NVIDIA and Oracle all rising by more than 2%.
twitter soared 27.1%, with the largest one-day increase since the initial public offering (IPO). The US Securities and Exchange Commission (SEC) disclosed on April 4 that Tesla CEO musk holds 9.2% of twitter. Investors speculate that Musk's move may lead to further acquisitions or other major business changes.
Market Overview
The Commerce Department said on Monday that the monthly rate of factory orders fell by 0.5% in February, the first decline in the index after nine consecutive months of growth. Although the supply chain bottleneck is difficult to alleviate, and the factory sector has always been the highlight of the US economy during the epidemic, the analysis believes that the decline in the data may be due to the continuous shortage of raw materials and the shift of consumer spending to the service industry, but the enterprise inventory is low, reflecting that the manufacturing orders are still supported. Durable goods orders in February decreased by 2.1% after correction, slightly better than the initial value.
The market continues to focus on the Fed's policy expectations, San Francisco Fed chairman Mary Daly said on Friday that the possibility of raising interest rates by 50 basis points in May has increased. "I am more confident that it is appropriate to make these adjustments as soon as possible." she said.
John Williams, chairman of the New York Fed, believes that in addition to raising interest rates again at its meeting in May, the Fed may also start reducing its balance sheet to deal with "particularly severe" US inflation.
this week, the Fed will release the minutes of its March meeting, focusing on the details of the discussion on reducing the balance sheet fed fund interest rate futures predict that the possibility of raising interest rates by 50 basis points next month has exceeded 70%. The agency expects that the release of March consumer price index CPI on April 12 may be the decisive data for the Fed's decision to take action. Last week, the yields of 2-year and 10-year Treasury bonds were upside down for the first time since 2019. The reversal of the yield curve continued on Monday. At the same time, the yield of 5-year treasury bonds was also higher than that of 30-year treasury bonds. Amelia Securities said in the report that the trend of the yield curve is because investors are worried that the Fed lags behind the curve in raising interest rates and will tighten policies to exceed neutral interest rates, which will damage economic growth.
Jamie Dimon, CEO of JPMorgan Chase, warned in a letter to shareholders on Monday that the United States is facing an unprecedented combination of risks. "In the coming decades, there are three forces that may affect the world: the U.S. economy rebounds from the covid-19 epidemic, high inflation will open an era of rising interest rates, and the humanitarian crisis caused by the situation in Ukraine." Dimon said that the recent conflict has changed everything, disrupted the market and restructured the global trade pattern, which has brought risks and opportunities to the United States and other countries. "The Ukrainian war and sanctions against Russia will at least slow the global economy because of uncertainty about how the conflict will end and its impact on supply chains, especially those involving energy." He wrote.
In terms of individual stocks, Starbucks fell 3.7%, and the company's founder Howard Schultz officially returned to take over the post of CEO of the company and will enter the company's board of directors. At the same time, Schultz also announced the immediate cessation of the stock repurchase program.
Tesla rose 5.6% to recover $1100. The latest data showed that the company produced 305407 vehicles in the last quarter, a year-on-year increase of 68%, and the delivery volume reached 310048 vehicles, another record high.
Oil futures rose sharply on Monday as Europe called for a new round of sanctions against Moscow. WTI crude oil contract rose 4.04% to close at US $103.28 per barrel, while Brent crude oil contract rose 3.01% to close at US $107.53 per barrel. Carsten Fritsch, commodity analyst at Commerzbank, said in a report that the EU is still unlikely to completely ban Russian oil and gas imports because it is difficult to find alternative supplies in a short time, which means that this step will have serious economic consequences.
International gold prices rose slightly. Comex gold futures contract for June delivery on the New York Mercantile Exchange closed up 0.5% to $193400/ounce.
reappearance of doubts about the situation in Ukraine
According to the news report of China Central Television, on April 4, State Councilor and foreign minister Wang Yi held a telephone conversation with Ukrainian foreign minister kuleba at request. The two sides exchanged views on the situation in Ukraine. Wang Yi said that China's basic attitude on the Ukrainian issue is to promote peace and talks Xi Jinping president has expounded China's position and proposition comprehensively on many occasions, which is an important guideline for us to meet the current challenges. Safeguarding peace and opposing war is China's historical and cultural tradition and our consistent foreign policy.
In response to a reporter's question on the Russian Ukrainian negotiations on April 4 local time, Russian Foreign Minister Lavrov said that the chances of successful negotiations always exist, and Russia's starting point is to realize these opportunities. Lavrov said that the negotiations between Russia and Ukraine are quite intensive. Russia hopes that Ukraine will be guided by the interests of its own country and people rather than listen to the opinions of external consultants. Once there is an achievement, it is likely to convene a summit of the leaders of the two countries to consolidate this achievement.
Over the weekend, the civilian deaths in Bucha, Ukraine continued to ferment, and Russia faced a new round of sanctions. Kremlin spokesman Peskov said on the 4th that experts from the Russian Ministry of defense have found signs of video counterfeiting and various forgery of Bucha materials. After reports of "mass killings", the Kremlin had no comment on the prospects for resuming talks between Russia and Ukraine. Earlier, the Russian Defense Ministry responded to the incident and issued a statement denying the Ukrainian government's accusations against Russia.
Shenzhen Agricultural Products Group Co.Ltd(000061) futures prices rose, and investors rekindled their concerns about Black Sea exports. Chicago Mercantile Exchange corn futures rose 1.90%, wheat futures rose 2.82%, and soybean, soybean meal and soybean oil futures rose more than 1% Ukrainian First Deputy Prime Minister and Minister of economy Yulia sveletenko wrote on social media that affected by the conflict, Ukrainian exports in March decreased by nearly half compared with February, and imports decreased by 70%, of which Shenzhen Agricultural Products Group Co.Ltd(000061) exports suffered a serious decline due to port blockade, which was only a quarter of February's exports. Sveligenko stressed that the current start of spring farming and the national restoration of logistics are the basis for stabilizing the economy
The Central Bank of Russia announced on Monday that as the liquidity of the Russian banking industry gradually stabilized, it would cancel the daily repurchase and deposit auction operations, and resume the weekly auction operations from Wednesday (April 6). In view of the continuous refinancing demand, the Russian central bank will hold a one cycle repurchase operation on Tuesday, and the specific operation scale will be determined at that time.
