Zhitong Finance APP learned that the performance of US companies brought good news, slightly defusing the market's concerns about inflation and the prospect of the Federal Reserve's interest rate hike, the Dow rebounded more than 100 points at the beginning of the session on Wednesday, and then dragged down by technology stocks and some bank stocks The performance of the three major stock indexes repeatedly throughout the day, falling in the end of the session, falling for the fourth consecutive trading day. In addition, the Dow and S&P 500 hit a new one-month low, and the NASDAQ fell into the pullback range to another three-month low. The 10-year Treasury yield fell after rising above 1.90% to a new three-year high. Crude oil hit another seven-year high.
As of the close, the Dow was down 339.82 points, or 0.96 percent, at 35,028.65 points; the Nasdaq was down 166.64 points, or 1.15 percent, at 14,340.26 points; and the S&P 500 was down 44.35 points, or 0.97 percent, at 4,532.76 points. New energy vehicle stocks, bank stocks, and infrastructure stocks fell in the front, while silver stocks and gold stocks rose collectively. Valneva(VALN. US) closed up 45.01%, sofi (SOFI. US) closed up 13.68%, with Harmony Gold (HMY. US) closed up 16.34%, Dingdong Grocery (DDL.US) closed down 23.76%, MF. US) closed down 10.17 percent, with XPEV. US) closed down 7.43%.
Germany's DAX30 rose 0.24%, Britain's FTSE 100 rose 0.35%, France's CAC40 rose 0.55%, and Europe's Stoxx 50 rose 0.25%.
The Nikkei 225 fell 2.8%, South Korea's KOSPI fell 0.77%, Singapore's Straits Times rose 0.12%, Vietnam's VN30 rose 0.37%, Indonesia's Jakarta Composite fell 0.12%, Thailand's SET fell 0.12%, the Philippine Composite fell 1.12%, India's Mumbai 30 fell 1.08%, and Malaysia's Kuala Lumpur Composite fell 0.82%.
【Foreign exchange】The dollar index fell slightly. The basket of dollar indexes (DXY), which measures the greenback against six major currencies (euro, Swiss franc, yen, Canadian dollar, british pound and Swedish krona), fell 0.17 percent to 95.57.
【Cryptocurrency】Cryptocurrencies have mixed ups and downs. Bitcoin fell more than 1.4% at $41,738.7; Ethereum edged up 0.02 percent at $3,122.42.
Gold rebounded after falling for three consecutive days. COMEX February gold futures settled up $30.8 at $1,843.2 an ounce, or 1.7 percent. Alex Kuptsikevich, senior market analyst at FxPro, noted that gold is currently trading around 1810 and that the bond market's continued reassessment of the outlook for monetary policy poses a serious threat to gold. Gold is currently above the 50-day and 200-day moving averages, reflecting the strong momentum of buyers in previous months.
Crude oil hit another seven-year high, with WTI February crude futures closing up $1.53, or 1.79 percent, at $86.96 a barrel. Brent crude Oil March futures hit a high of $89.16/bduring the day.
Nickel futures, which rose due to supply shortages, stood out, with Nickel rising nearly 5 percent in three months, standing at a nearly 11-year high of $23,000.
【Macro News】
U.S. Treasury Secretary Yellen believes that Aumicron will not derail the U.S. economic recovery. Yellen does not expect the Opichron mutation to disrupt the continued economic recovery. Speaking at the U.S. Mayors' Conference, she said: "Yes, Omikeron poses a challenge that could affect some of the data in the coming months, but I am confident that it will not derail one of the strongest periods of economic growth in a century." Yellen said high vaccination rates in the United States prevented the variant from having a more severe impact.
Cryptocurrency exchanges will face more scrutiny from the U.S. Securities and Exchange Commission. Cryptocurrency exchanges are poised to be the focus of the U.S. Securities and Exchange Commission's (SEC) overhaul in the digital asset space in 2022. SEC Chairman Gensler said Wednesday that he hoped the trading platform would take steps in the coming months to be more directly regulated by Washington's financial regulator. He said that stronger regulation is essential for cryptocurrency investors to get the same protections as investors in stocks or other assets. "I have asked staff to study all the ways to bring these platforms under investor protection, and if trading platforms are unregulated, the public will be exposed to another year of vulnerability."
The UK and the US will launch steel and aluminium tariff negotiations. The U.S. and the U.K. will launch talks to address U.S. steel and aluminum tariffs on the U.K. and global overcapacity. U.S. Commerce Secretary Raimondo and U.K. Secretary of State for International Trade Trevyllian said in a joint statement: "The distortions caused by overcapacity pose a serious threat to the market-oriented steel and aluminum industries in the United States and the United Kingdom, as well as workers in these industries." The U.S. could remove steel tariffs on britain, a move that promises to put an end to retaliatory tariffs on U.S. whiskey.
THE WHO says THE COVID-19 outbreak continues to constitute a "public health emergency of international concern". WHO issued a statement on the 10th COVID-19 Emergency Committee meeting, which noted that COVID-19 continues to constitute a "public health emergency of international concern". The COVID-19 Emergency Committee recommends that countries respond to WHO's call to vaccinate at least 70% of the population against COVID-19 by July this year and integrate COVID-19 vaccination into routine health services. At the same time, surveillance of the new crown virus and potential animal hosts is strengthened to quickly detect, track and evaluate the new crown virus variants. WHO also stresses that countries should endorse COVID-19 vaccines on WHO's Emergency Use List.
【Individual Stock News】
Sources say Apple (AAPL. US) The iPhone SE 3 was released as early as April, and the display panel began production this month. According to display industry consultant Ross Young, apple suppliers will begin producing display panels for the third-generation iPhone SE this month, and the final assembly of the device is likely to begin in March. As a result, the third-generation iPhone SE is likely to be released in the second half of April, or possibly early May at the latest.
Luckin Coffee (LKNCY. US) plans to re-list on the NASDAQ. Two people familiar with the matter said that Luckin is discussing whether to re-list on the NASDAQ, which may be carried out as soon as the end of this year. Luckin has held meetings with investors and advisors and discussed other financing options. People familiar with the matter said the company's management changes and recent growth suggest that the company may still be attractive to investors. Nearly two years ago, Luckin Coffee broke an accounting scandal and falsely reported $300 million in sales.
BHP. US) has expanded its trading team with interests in acquiring McMoran Copper Gold and Glencore. According to people familiar with the matter, BHP Billiton has expanded the size of the deal team, including those in London, and is interested in making a deal that changes the industry landscape, which is evaluating the inclusion of McMoran Copper Gold (FCX. US) and Glencore (GLNCY. US) included competitors, but stressed that there is no indication that the company is currently preparing any offers.
Honda Motor (HMC. US) signed a contract with SES to jointly develop lithium-metal batteries for electric vehicles. Honda Motor announced on its official website that it has signed a joint development agreement for lithium metal batteries with SES Holdings Limited, a developer and manufacturer of hybrid lithium metal batteries, in December 2021. Last November, SES released the ApolloTM lithium metal battery with a capacity of 107Ah. At the same time, SES announced that it is building a new gigafactory in Jiading, Shanghai, with a total area of 30,000 square meters, which is scheduled to be completed in 2023.
【Big Bank Rating】
Goldman Sachs: Will Cisco (CSCO. US) rating downgraded from "Buy" to "Neutral" to maintain its target price of $65
Citi: SOFI (SOFI. US) approval should be a positive catalyst for maintaining a "Buy" rating and a $20 target price
B. Riley: Reiterating Silvergate Capital (SI. US) "Buy" rating with a target price of $260
Morgan Stanley: Put Roblox (RBLX. US) price target was lowered to $115 from $150 to maintain an "overweight" rating
Bank of America Securities: Will Google A (GOOGL. US) raised its price target to $3470 from $3210 to maintain a "buy" rating
![Energy prices have soared, and aluminum prices may reach new highs[fig]](data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=)