[글로벌시장 지표 / 2월 28일 오전 6시 현재]
[미국시장 금주 체크포인트]
The New York stock market is expected to show some volatility this week (February 28-3.4 local time), watching Federal Reserve Chairman Jerome Powell’s semiannual congressional testimony and economic indicators including the February employment report.
The New York stock market rebounded sharply on the 25th after showing signs of weakness amid inflationary pressures and geopolitical tensions last week. The S&P 500 rose 2.2%, and the Nasdaq, which had fallen by up to 21% from its peak in November, rose 1.64%, continuing its 3.34% gain the previous day. Despite Russia’s invasion of Ukraine, a strong buying trend has been captured in the market. Volatility is expected to continue this week as Russia’s invasion of Ukraine continues.
The rise of geopolitical risks has raised the Fed’s prudence.
As inflation forecasts rose earlier, some predicted that the Fed could raise the benchmark interest rate by 0.5 percentage points (points) at the Federal Open Market Committee (FOMC) meeting in March. However, the possibility of accelerating the pace of Fed rate hikes in the short term appears to have diminished as prudence has been raised that the potential impact of the war remains to be seen.
The key is whether Chairman Powell will attend the House of Representatives and emphasize the need for aggressive austerity due to concerns about inflation caused by a surge in oil prices despite the geopolitical crisis, or whether he will show a cautious attitude by emphasizing the growing uncertainty. Chairman Powell’s testimony to Congress will begin at 10 a.m. ET on the 2nd (House) and 3rd (Senate) EST.
The market is also paying attention to economic data released later in the week.
This week, the announcement of new non-farm payrolls for February is due. The market expects that the number of employed people will be around 415,000 and the unemployment rate will drop from 4% to 3.9%.
Inflation had already exceeded the Fed’s target, and the need for aggressive tightening was growing. This indicator is attracting attention as it is necessary to determine whether employment is at a level that will support it.
[금주 주요 일정]
△ 28 days
February Chicago Buyer Management Index (PMI)
Dallas Fed Manufacturing Index for February
Atlanta Fed President Rafael Bostic Speech
△ 1 day
February Markit Manufacturing PMI
February Supply Management Association (ISM) Manufacturing PMI
Atlanta Fed President Rafael Bostic Speech
△ 2 days
February ADP Employment Report
Chicago Fed President Charles Evans Speech
St. Louis Fed President James Bullard Speech
Federal Reserve Chairman Jerome Powell’s Semiannual Testimony
Fed Beige Book
△ 3 days
February Challenger Reduction Report
Number of weekly new unemployment insurance claimants
Q4 Productivity and unit labor cost (adjusted value)
Federal Reserve Chairman Jerome Powell’s Semiannual Testimony
New York Fed President John Williams Speech
△ 4 days
New employment and unemployment rate in the non-agricultural sector in February
[뉴욕증시 마감시황]
The New York Stock Exchange closed higher on the 25th (Eastern Time).
On the New York Stock Exchange (NYSE) on the same day, the Dow Jones Industrial Average closed at 34,058.75, up 834.92 points (2.51%) from the previous day. The Standard & Poor’s (S&P) 500 index rose 95.95 points (2.24%) to 4,384.65, and the Nasdaq index, centered on technology stocks, finished trading at 13,694.62, up 221.04 points (1.64%) from the battlefield.
All 11 sectors in the S&P 500 rose. Stocks related to materials (materials), finance, utilities, consumer staples, and health all rose more than 3%. Energy, real estate and industrial stocks also jumped more than 2%.
Meanwhile, the need for the Fed’s tightening was further reinforced as the Core Personal Consumption Expenditure (PCE) price index, the preferred price index for the US Federal Reserve, rose more than 5% on the same day.
The U.S. Department of Commerce said the core PCE price index rose 5.2% in January compared to the same period last year, beating the Wall Street Journal’s forecast of a 5.1% gain. The core PCE price index for January maintained its highest level in nearly 40 years since April 1983.
[유럽증시 마감시황]
European stocks ended higher on the 25th (local time).
The London Stock Exchange’s FTSE 100 Index rose 3.91% from the previous trading day’s closing price to 7,498.46, and the German Frankfurt Stock Exchange’s DAX 30 Index rose 3.67% to 14,567.23.
The Paris stock exchange’s CAC 40 index rose 3.55% to 6,752.43, and the pan-European Euro Stoxx 50 index also rose 3.69% to 3,970.69.
[중국증시 마감시황]
The Chinese stock market closed higher on the 25th (local time).
On that day, the Shanghai Composite Index rose 0.63% to 3451.41P, the Shenzhen Component Index rose 1.21% to 13412.92P, and the Startup Edition Index rose 2.58% to 2855.80P.
The three major stock indices of A-shares continued to rise after the opening. Although it fell slightly before the close of the morning market, the Startup Board Index rose by more than 3% at one point during the day.
In the morning, the pharmaceutical and medical sector rose sharply, and the CRO theme, Corona 19 diagnostic kit, and Corona 19 treatment sector led the rise. In addition, lithium batteries and solar power generation also recorded strong performances. In the afternoon, the stock index showed a strong rebound. New energy sectors such as green power generation, solar power generation and lithium batteries were strong, and coal stocks fell sharply in the afternoon.
[베트남증시 마감시황]
The Vietnamese stock market closed higher on the 25th (local time).
On the Ho Chi Minh Exchange (HOSE), the VN index finished trading at 1498.89, up 4.04 points (0.27%) from the previous trading day. The HNX index (small and mid-cap stocks) of the Hanoi Stock Exchange rose 5.28 points (1.21%) to close at 440.16. The UPCOM index, which consists of unlisted stocks, rose 0.34 points (0.30%) to 112.66.
By industry, only 8 of the 25 industries, such as △mining (-1.60%), △utility (-0.73%) and △assistant production (0.44%), fell, and the remaining 17 industries all showed strength. Among them, △Other financial activities (6.17%) and △Electric products (3.18%) showed a significant increase.
Of the top 10 stocks by market cap, only three stocks rose: Vinamilk (0.38%), Techcombank (0.4%), and VP Bank (3.52%). The remaining 7 stocks fell all at once, with PetroVietnam Gas (-1.51%) showing the most notable decline.
[국제유가]
International oil prices soared during the day on the 25th (local time), but most of the increase since then has been returned.
On the New York Mercantile Exchange, the price of West Texas Intermediate (WTI) for April contract rose by more than 9% at one point to break through the $100 mark, but ended up trading at $92.81 per barrel, up 71 cents or 0.8% from the battlefield.
[금]
Gold prices plummeted on the 25th (local time).
On the New York Mercantile Exchange (COMEX), the price of gold futures for April delivery fell by $38.70 (2.01%) per ounce to close at $1887.60.
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