Financial Associated Press (Shanghai, editor Zhao Hao) news, following the IMPACT OF YESTERDAY'S U.S. stock market by Biden's sanctions against Russia, the three major futures index rebounded slightly before the market on Wednesday (February 23) and collectively moved higher.
U.S. stocks, which were trading at the time, accelerated their decline after U.S. President Joe Biden announced the first sanctions imposed on Russia on Tuesday afternoon. As of the close, the Dow Jones closed down 1.42 percent at 33,596.61, the Nasdaq closed down 1.23 percent at 13,381.52, and the S&P 500 closed down 1.01 percent at 4,304.74, down more than 10 percent from its high of Jan. 3, into the pullback range.
Ahead of session on Wednesday, as of 21:25 Beijing time, Dow futures rose 0.64%, S&P 500 futures rose 0.72%, and Nasdaq 100 futures rose 1.03%.
Eylem Senyuz, macro strategist at Truist, wrote in a note to clients, "Uncertainty remains, but our research shows that while geopolitical events often lead to short-term stock market declines, stocks tend to eventually rebound as long as it doesn't push the economy into recession." ”
However, Oanda senior market analyst Ed Moya believes that the soaring energy costs will exacerbate inflationary pressures across the board, potentially undermining the recovery of most economies.
According to CME Group's "Fed Watch" tool, Wall Street is betting on a 100% chance of a rate hike at the Fed's March meeting. As inflation rises, calls for a 50 basis point rate hike at the March meeting are growing.
The Fed Watch tool shows a 63.4% probability of a 25 basis point rate hike in March and a 36.6% probability of a 50 basis point rate hike.
Moya believes that "the Fed may be on the sidelines with high geopolitical uncertainty, choosing to raise rates by only 25 basis points at its March meeting." "That could give the stock market a breather."
After multiple trading days of corrections, the European market seems to have absorbed geopolitical risks.
Company news
[Musk: Tesla Motors is expected to run Steam games]
Tesla CEO Musk said on social media that the company is currently working to bring a library of games on Steam into its vehicles. A game journalist, Ryan McCaffrey, asked Musk, Model S and Model X if cyberpunk games would be introduced in the future, and Musk said that the company's goal is not to port individual games to the car's infotainment system, and the long-term plan is to let owners play all the games on Steam in the future.
[Musk again accused Biden of ignoring Tesla: but if invited by the White House, he will take care of the overall situation]
In an email to the media, Musk once again accused US President Biden of ignoring Tesla and paying more attention to traditional automakers. But Musk has also tried to reassure White House officials that if he is invited to speak at a White House event, he will not do embarrassing things or say embarrassing things, which is exactly what the White House is worried about.
[Stellantis handed over beautiful answers after a year of merger]
Stellantis Group, the world's fourth-largest automaker, reported full-year fiscal 2021 earnings on Wednesday. The earnings report shows that one year after the merger of Peugeot Citroën Andrôn and Fiat Chrysler Group, the company announced revenue and profit above target. Carlos Tavares, ceo of the company, said in a statement: "Record results have proven that Stellantis is capable of delivering strong performance growth even in the most uncertain market environment. "Tavares will present the Group's detailed business plan next week.
【Micron CEO: At present, the inventory of neon gas is sufficient, and there are multiple sources of supply】
Micron Technology, the largest U.S. maker of computer memory chips, said Tuesday that the current growing crisis in Ukraine is further highlighting the complexity and fragility of the semiconductor supply chain. CEO Sanjay Mehrotra said, "For Micron, we do have a small supply of inert gases from Ukraine, but we currently have a large inventory in stock and, more importantly, we have multiple sources of supply. ”
【Lowe's Q4 sales up 5% yo-o-y, revised FY2022 guidance】
Lloyd's register is announcing results for the fourth quarter and full year of fiscal 2021 ended January 28, 2022. According to the earnings report, Lloyd's fourth-quarter sales were $21.339 billion, exceeding market expectations and up 5% year-on-year; net profit was $1.206 billion, compared to $978 million in the same period last year; and diluted earnings per share were $1.78, exceeding market expectations, compared with market expectations, compared with $1.32 in the same period last year.
Comparable sales of the U.S. home improvement business increased 5.1 percent and sales to professional customers increased 23 percent in the fourth quarter. In fiscal 2021, sales were $96,250 million, compared to $89,597 million in the year-ago quarter, and net income was $8,442 million, compared to $5,835 million for the year-ago quarter.
Looking ahead to fiscal 2022, Lloyd's expects total sales of $97 billion to $99 billion, diluted earnings per share of $13.10 to $13.60 and total share repurchases of approximately $12 billion.
[Ali's Southeast Asian e-commerce company Lazada will be spun off? Ali does not respond]
According to relevant media reports, Alibaba Group has consulted with investors to raise at least $1 billion for its Southeast Asian e-commerce platform Lazada. At the same time, Alibaba also plans to divest Lazada to prepare for its potential initial public offering (IPO). However, the trip did not take place. In this regard, Ali did not respond.
【Vipshop 2021 Annual Report: Annual Revenue of 117.1 Billion Yuan Increased by 15% Year-on-Year】
Vipshop released its 2021 annual financial report on the evening of the 23rd, and the number of active users for the whole year increased by 12% over 2020 to 93.9 million; GMV increased by 16% year-on-year to 191.5 billion yuan. The number of core SVIP active users increased by 50% year-on-year, and its online net transaction volume accounted for 36%. In 2021, Vipshop will focus on strengthening the positioning and value of brand sales, consolidating core competitiveness, and achieving steady growth in the company's overall business. Benefiting from the steady growth of users and ARPU, full-year revenue increased by 15% year-on-year to 117.1 billion yuan; Non-GAAP net profit exceeded 6 billion yuan.
【The new scale of private securities fund business of Haiyin Wealth in the first half of fiscal 2022 increased by 4.4 times year-on-year】
Haiyin Wealth, a domestic independent wealth management institution, released its financial report for the first half of fiscal 2022 on the 23rd. During the reporting period, the new scale of private securities fund business increased by 2.97 billion yuan, an increase of 4.4 times year-on-year; the management scale (AUM) of asset management business reached 3.27 billion yuan, an increase of 74.2% year-on-year; the new asset allocation scale of wealth management reached 37.46 billion yuan, an increase of 3.5% year-on-year; the scale of customers continued to grow, with the number of active customers exceeding 35,000, an increase of 22.0% year-on-year. Total revenue, customer reciprocation allocation rate, financial planner effectiveness and other indicators continue to improve.
Events to watch in the U.S. stock session (Beijing time)
February 23
23:00 United Nations General Assembly meeting on Ukraine.
February 24
05:30 US API crude oil inventories for the week until Feb. 18