On Thursday, Eastern Time, the three major US stock indexes fell collectively. As of press time, the Dow is down 0.57%, the Nasdaq is down 0.64%, and the S&P 500 is down 0.64%.
On the disk, the blockchain sector went down,Canaan TechnologyFell more than 8%.
The following is a summary of important information in the global market:
Global macro
The US GDP growth rate in the third quarter is expected to be 5%? The economy is facing two major shocks, and inflation is “high fever”
International Financial InstitutionJPMorganAnnounced that the third quarter of this year’sGDPThe growth forecast has been revised down from the original 7% to 5%. The agency believes that the current epidemic is showing signs of a “resurgence” and that the United States is being “tortured” by supply chain shortages. These factors will cause the country’s economic growth to slow down.Actually more thanJPMorgan, And many financial institutions have “badged” the economic development of the United States in the second half of this year.On August 18 this year, well-known investment banksGoldman SachsLowering the U.S. economic growth forecast for the entire year to 6%, the bank lowered its forecast for U.S. GDP growth twice in three weeks. in addition,Goldman SachsIt also lowered the economic growth rate of the United States in the third quarter from 8.5% to 5.5%.
Why do financial institutions lose confidence in the US economy? That’s because the US economy is currently facing the dual impact of labor shortages and supply chain shortages. Statistics show that in August this year, the country’s labor participation rate reached 61.7%, which was lower than market expectations of 61.8%. In addition, the number of non-agricultural employment in the United States rose by 235,000, which is far from the market’s expected target of 750,000.
On September 14 this year, data released by the United States showed that the upward momentum of the country’s inflation index in August this year slowed slightly, with a year-on-year increase of 5.3%. However, the market believes that the supply chain shortage of many products in the United States has not yet been resolved. Therefore, although the inflation index has slowed down, the inflation rate is still at a high level after all. In the face of “high fever” inflation, the country’s consumers still need to face the challenge of rising commodity prices, which will also limit consumer spending.
New Zealand’s GDP grew by 2.8% in the second quarter, far exceeding market expectations. It will raise interest rates by 25 basis points in October
New Zealand said that the country’s economic growth rate in the second quarter exceeded expectations. Despite the recent rebound in the country’s epidemic, this news has strengthened market expectations that the Reserve Bank of New Zealand will soon begin to raise interest rates.
Statistics New Zealand stated that as of the second quarter of June,GDP(GDP) increased by 2.8%, much higher than the 1.3% predicted by the media survey and 0.7% predicted by the Federal Reserve Bank of New Zealand; compared with the same period of the previous year when the epidemic prevention and control was initially implemented, the New Zealand economy grew by 17.4% and is expected to grow by 16.1%. In addition, the unemployment rate fell to 4.0% in the second quarter, the lowest point in 18 months. However, the inflation rate rose to 3.3%, higher than the 1%-3% target range set by the Reserve Bank of New Zealand.
New Zealand ASBBankSeniorAnalystMarkSmith said: “We expect the Reserve Bank of New Zealand to’review’ recent fluctuations and reducecurrencyThe stimulus measures will continue to raise interest rates by 25 basis points starting next month. “The market has also digested New Zealand’s interest rate hike expectations, and believes that the probability of a 25 basis point increase in interest rates at the next central bank meeting on October 6 is 100%.
U.S. stocks in focus
Inflation slows, it is difficult to stop US stocks from falling
On Tuesday evening, Beijing time, the U.S. Department of Labor announced the AugustCPIInflation data. The data shows that the non-seasonally adjusted annual rate of CPI in the United States in August was 5.3%, which was in line with expectations; but the core CPI in the United States rose slightly by 0.1% in August, the lowest increase in six months.
The sharp drop in the price of second-hand cars suggests that inflation may have peaked, but with continued supply constraints, inflation may remain high for a period of time.Price pressures have generally slowed down, andMidlandPresident Powell’s long-term consensus is thatQualcommThe bulge is only temporary. The US government welcomed the data, believing that it indicates that inflation will be temporary, on the grounds that car prices have fallen and food price increases have slowed.
After the data was released, the three major U.S. stock indexes all gapped and opened higher. Optimistic investors believed that the CPI data indicated that inflation had peaked.MidlandReserve has bought more time before raising interest rates, and inflation will slow downMidlandReserves reduce the pressure on asset purchases. However, the market obviously did not think so. The US stocks opened higher and then fell lower. In the end, the three major stock indexes all recorded declines.
Reporting stock market violations, US whistleblowers receive a $110 million award from the SEC
The US SEC Securities Regulatory Commission announced today that it has awarded 110 million (approximately 700 million yuan) and 4 million U.S. dollars in rewards to two whistleblowers, stating that their information and assistance have helped SEC-related actions to achieve significant success. SEC Chairman Gary Gensler said: “Today’s statement emphasizes the important role that whistleblowers play in helping the SEC detect, investigate, and prosecute possible violations of securities laws. The assistance provided by whistleblowers contributes to the SEC’s ability to enforce capital market rules of the road. It’s very important.”
U.S. stock company
AMC intends to accept Bitcoin and other cryptocurrency payments
AMC CinemasCEO Adam Aron said on Wednesday that by the end of 2021, AMC Cinemas will accept Bitcoin online ticket purchases and franchise payments, as well as other cryptocurrencies such as Ethereum, Litecoin and Bitcoin Cash.
Sony: AI sensor power consumption is reduced to 1/7400 of data center processing
September 15th, atSonyAt the ESG (Environmental, Social, and Corporate Governance) related briefings held online,SonyChairman and President Kenichiro Yoshida emphasized, “In the future, to increase social productivity, the Internet of Things is indispensable. AI sensors can greatly reduce the data acquired for different purposes.”
According to the report,SonyThe AI sensor uses Sony’s own semiconductor processing technology and will be commercialized in 2020. The characteristic of this sensor is that compared with the traditional way of processing through the data center, the power consumption can be reduced to 1/7400.
Ark Fund reduces Tesla holdings for the fourth time this month
Cathy Wood’s ArkfundFurther reduction on WednesdayTesla81609 shares, this is the fourth time the company has reduced its holdings this monthTeslaIn stocks, a total of 354,181 shares were sold this month, cashing out approximately US$267 million.Wood’s three funds still holdTeslaNearly 4.16 million shares.
(Article Source:Oriental wealthResearch center)
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