Financial Associated Press (Shanghai, editor Zhao Hao) news, U.S. stocks on Wednesday (December 15) before the market, the three major index futures fluctuated in a narrow range.
U.S. retail sales, known as "horror data," recorded a 0.3% m/m in November, a new low since July and well below expectations of 0.8% and 1.7% in October. But that doesn't seem to have affected market sentiment, with investors still focusing on the Fed's interest rate decision late Wednesday.
At present, the market generally expects the central bank to announce the acceleration of the reduction of bond purchases (Taper) after the meeting, clearing the way for the first interest rate hike next year. According to a survey, respondents believe that the central bank will raise interest rates 2 to 3 times next year.
Leuthold Group's investment strategist said, "While Powell is unlikely to come up with a specific timeline for when to start raising rates, he may confirm that it will be faster than previously announced rate hikes." I don't think the Fed will give too much to the financial markets that it expects, and some of the volatility in the stock market may ease somewhat in the near future. ”
Market dynamics
As of press time, Dow futures are down 0.04 percent, S&P 500 futures are up 0.07 percent, and technology-based NASDAQ futures are up 0.01 percent.
On Tuesday, the S&P 500 closed down 0.75 percent at 4,634.09 points; the Nasdaq closed down 1.14 percent at 15,237.64 points; and the Dow Jones closed down 0.30 percent at 35,544.18 points.
The European market, which is trading, is in a tight range, with germany's DAX30 up 0.37%, Britain's FTSE 100 down 0.25% and France's CAC40 up 0.65% as of press time.
Company news
[Musk elected Financial Times 'Person of the Year']
Tesla CEO Musk was named "Person of the Year" by the Financial Times, and just two days ago he received a similar accolade from Time magazine. According to the Financial Times, Musk was elected because he triggered a historic shift in the world's auto industry to electric vehicles.
[Google issued the strictest vaccine ultimatum? Employees who do not comply with vaccination regulations will be fired.
According to the internal document, Google employees were previously required to declare their vaccination status by Dec. 3 and upload supporting documents, or apply for medical or religious exemptions. And now the company is starting to contact employees who haven't uploaded status or aren't vaccinated, as well as employees whose exemption requests aren't approved. The document states that employees who fail to comply with vaccination rules by the Jan. 18 deadline will face a 30-day "paid administrative leave." After that, Google will further order them to take up to 6 months of "unpaid personal leave" and even eventually fire them.
【Amazon Web Services invests $5 billion in Indonesian cloud business】
Amazon Web Services AWS says it plans to invest $5 billion in Indonesia over the next 15 years, including building more data centers. Prasad Kalyanaraman, vice president of infrastructure services at AWS, said in a press release that providing cloud services to Indonesian institutions, startups and world-leading companies will benefit the country's economic development."
[Preliminary data on Sanofi and GlaxoSmithKline COVID-19 vaccine booster injections are good]
Sanofi and GlaxoSmithKline announced that the preliminary data for the COVID-19 vaccine booster are good. It is reported that the preliminary results of the VAT0002 clinical trial show that regardless of the main vaccine received, for all subject age groups, a single booster dose will increase the neutralization antibody by 9 to 43 times. In the study, the booster needle was well tolerated and more trial data is expected in the first half of 2022.
[U.S. meat prices are getting higher, Biden calls on Congress to investigate large producers]
U.S. President Joe Biden called on Congress to hold a hearing investigating whether meat processors such as Tyson Foods have engaged in anti-competitive behavior. Biden said in an interview that the profit margins of meat processors represented by Tyson Foods are significantly higher than in the past few years, and they have acquired small meat companies, so they can raise the price of meat products at will.
Since the end of 2020, the price of U.S. meat products has continued to rise, and the White House has blamed it on meat business mergers and acquisitions in recent decades. According to the U.S. Department of Agriculture, four companies, Tyson, Cargill, JBS and NBP, control 82 percent of the U.S. beef market, while the pork and poultry industries are close to beef by large companies. Without business consolidation, white house officials say, consumers will enjoy cheaper meat prices and farmers and ranchers will reap higher profits.
【iQIYI Announces Adjustment to Membership Price】
iQIYI VIP member Weibo news, will update the Gold VIP member subscription price from 0:00 on December 16. At the same time, for users who have previously purchased and have not yet cancelled the aforementioned continuous monthly/quarterly/annual subscription services, we provide one-year maintenance of the original price service. iQIYI responded: "The subscription price of video platforms has always been low, and this phenomenon has affected the healthy development of the industry. In order to establish a more benign industrial ecology, let excellent content producers have a return, and ultimately provide members with more and better content, we decided to adjust the price of members. ”
【Baidu launched youth version search app "Wonder"】
On December 15, Baidu released an app called "Wonder", which targets the pan-information service platform for young people. Wonder has search, life services, examination and research, entertainment and other functions, support for photography, voice, text search, users can choose "Zen" and "manic" two use modes, Zen mode focus on search, the page is simple; the manic mode is aggregated throughout the network hot search content. The "Gong Jun Digital Man", which was previously launched in the Baidu App, was also applied to Wonder, and the real-time interactive communication function of users was added.
Uxin Today Released Unaudited Financial Report for the Second Quarter of Fiscal 2022]
According to the financial report, as of September 30, 2021, Uxin's total revenue was RMB346 million, compared with RMB278 million in the previous quarter, up 24.5% month-on-month; up 352.7% year-on-year, with gross margin of 4.2% and negative 22.4% in the same period last year, while losses continued to narrow. As of September 30, 2021, Uxin's used car trading volume was 3,648 units, compared to 3,011 units in the previous quarter, up 21.2% sequentially and 37.5% year-on-year.
【Danei Technology Re-receipt of Delisting Warning Letter】
Dane Technology issued an announcement on the evening of December 14 that it received a delisting warning letter from Nasdaq on December 10 because the closing price of Ads in The Stock Exchange (ADS) was less than $1 per share for 30 consecutive working days, which did not meet the minimum trading price requirements in the NASDAQ listing rules. In order to increase the stock price, Danei Technology announced the "split" decision on December 1, splitting each ADS representing 1 Class A common stock into 5 Class A common shares per ADS. If the U.S. Securities and Exchange Commission (SEC) agrees, the decision will take effect On December 23.
Events worth paying attention to in the US stock market time period (Beijing time)
December 15
23:00 US NaHB Real Estate Market Index for Dec, US Commercial Inventories moM for Dec
23:30 U.S. EIA crude oil inventories for the week ending Dec. 10
December 16
03:00 Fed FOMC announces interest rate decision
03:30 Fed Chairman Jerome Powell holds a press conference
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