Overnight U.S. stocks
The downward trend in the US stock market since the New Year showed signs of easing on Thursday, but technology growth stocks continued to be under pressure, financial, energy and other economically sensitive stocks strengthened, and Chinese stocks appeared to rise under the "Munger effect". Market sentiment is expected to be tested again on Friday, and a better-than-expected progress in non-farm payrolls will further strengthen the Fed's determination to tighten policy and even "pump water".
Lars Skovgaard Andersen, an investment strategist at Danske Bank, said U.S. technology stocks may still be going through a difficult period of time, and the volatility of the market will continue at least until the end of the month when the tech giant announces its latest earnings report, which may attract some investors to increase their positions. While the day of the slump is an opportunity to buy on dips, Andersen still advises investors to focus on stocks that benefit from rising interest rates, rather than U.S. tech stocks.
Other subjects
In anticipation of the Fed's rapid exit from easing, the overnight ten-year US Treasury yield rose for the fourth consecutive session, also putting pressure on commodities, and gold fell to a nearly two-week low; crude oil was strengthened by the situation in kazakhstan and the decline in libyan production, and US oil was close to $80 / barrel.
Market news
【The latest U.S. trade deficit in goods hit a record high】
On January 6, local time, the US Department of Commerce released the import and export trade data for November last year, and the country's trade deficit in goods hit a record high under the rising consumer demand in the holiday season. According to the announcement, the U.S. trade deficit in goods rose to a record $99 billion in November, while the trade in services surplus rose to $18.8 billion, bringing the overall trade deficit in goods and services to $80.2 billion in November, just below the record high of $81.4 billion in September.
[Fed Bullard: Interest rate hikes may be raised as early as March]
On Thursday, local time in the United States, St. Louis Fed President Bullard, who has been active in recent times under the banner of "hawkish", said at the CFA Association event that in order to cope with inflation, it is possible to raise interest rates as soon as March and then follow up to reduce the balance sheet
[Fed Vice Chairman Transaction Records Questioned]
Clarida, who is about to step down as Fed vice chairman at the end of the month, recently revised his filings on february 2020 stock trading records, reigniting discussions among policymakers about trading restrictions. According to media reports, Clarida sold a million-dollar equity fund on February 24, 2020, and then bought the same fund for the same amount on February 27, 2020, with the sale transaction being disclosed for the first time. Later, on February 28, Fed Chairman Powell issued a rare public statement to reassure the market, and held an emergency FOMC meeting on March 3 to start a rate cut, raising questions about whether Clarida knew the Fed's movements in advance.
[Germany's inflation in 2021 is at its highest level since 1993]
On the 6th local time, the German Federal Statistical Office said that Germany's annual inflation rate rose to 3.1% in 2021, reaching the highest level since 1993. The report pointed out that the sharp rise in energy prices, supply bottlenecks and the elimination of VAT preferential policies were the main reasons for the increase in inflation rate in Germany. The last time German inflation rose to such a high level was in 1993, when it was 4.5 percent.
【The Netherlands Amsterdam Stock Exchange becomes the most active securities market in Europe】
The Amsterdam Stock Exchange in the Netherlands averaged €8.97 billion per day in December last year, surpassing the London and Frankfurt stock exchanges to become the most actively traded securities market in Europe. Statistics on average daily volume for the whole of last year show that the Amsterdam stock market also ranks first in Europe.
【The competition on the track is becoming increasingly fierce, rivian once fell below the issue price during the day】
After Amazon announced its partnership with multinational auto giant Plantis, Rivian, an electric vehicle concept stock that has been relying on Amazon as a selling point, continued its downward pace on Thursday, falling more than 10% at one point after the opening, which also meant falling below the IPO price of $78, and then rebounded with market sentiment, eventually closing down 2.98%.
In addition to the expansion of electric vehicle partners behind the big gold, GM, Ford and other established car companies have also completed the layout of entering the field of commercial electric vehicles, making the market more contemptuous of the probability that Rivian will laugh at the end of the competition.
[For violating the rules for the use of Cookies, French regulator imposed a fine of 210 million euros on Google and Meta]
France's National Commission on Information Technology and Freedom (CNIL) announced on Thursday that it was fined €150 million and €60 million respectively for Google and Meta making it impossible for users to easily refuse cookie tracking, and ordered improvements within three months. The division once fined Google 100 million euros in 2020 for "collecting user online footprints without permission."
[New York Times Confirms Acquisition of Subscription-Based Sports Media The Athletic Shares Soar nearly 5%]
On Thursday, local time, the New York Times confirmed the acquisition of the well-known subscription-based sports media The Athletic for $550 million, which has more than 1 million subscribers. New York Times CEO MartyS K. Levine said the deal is expected to close in the first quarter, and the follow-up The Athletic will remain a standalone project. The New York Times currently has more than 8 million paper and digital subscribers, and the completion of the acquisition will also be one step closer to the company's goal of "tens of millions of subscribers". As of Thursday's close, the New York Times closed up 4.68 percent.
[Richard Branson confirmed to be infected with TheOmexon virus]
Virgin Group founder and billionaire Richard Branson confirmed via social media on Thursday that he was recovering from a mild COVID-19 infection. Branson also said he and his wife were both infected with the Aumechjong mutation. Branson will also be absent from friday's on-site bell-ringing ceremony for virgin track landings on the NASDAQ due to the impact of the confirmed diagnosis.
[Indian research institutions are worried about the safety of MERCK's COVID-19 oral drug]
According to media reports, Balram Bhargava, director general of the Indian Council of Medical Research, told the media that although the country's regulatory authorities have approved the application for emergency use of Merck Dong Monapiravir, the government has not yet decided whether to include it in the list of recommended therapeutic drugs. Bhargava said the drug may cause cartilage and muscle damage in addition to side effects for pregnant women.
【Lithium supplier Yabao announces price increase for catalyst products】
Yabao, the largest supplier of lithium for electric vehicle batteries, announced on Thursday that it is raising prices for catalyst products worldwide, with changes taking effect immediately or under subsequent contracts.