Financial sector June 21 news, investors pay attention to intraday economic data and Fed officials speeches, while the major central bank rate hikes and global recession risks continue to keep investors cautious, U.S. stocks in the technology stocks under the strong performance of the collective high, the Dow opened about 400 points, the Nasdaq rose 1.63%, S&P 500 rose 1.55%. Chinese stocks generally strengthened, with Shell up about 9 percent and Alibaba up about 3 percent. Ideal Car rose about 6%, Ideal officially released the intelligent flagship SUV Ideal L9; Artificial intelligence supply chain company Symbotic surged 60 percent, and Valneva surged 88 percent higher.
The Dow Jones rose 399.59 points, or 1.34%, at 30,288.37 points; the S&P 500 rose 59.66 points, or 1.62 percent, at 3,734.50 points; and the NASDAQ composite rose 189.72 points, or 1.76 percent, at 10,988.07 points.
Britain's FTSE 100 rose 0.6 percent, Germany's DAX rose 0.5 percent and France's CAC-40 rose 0.9 percent. The dollar retreated amid risk sentiment, oil prices rebounded and gold fell slightly
Deutsche Bank: Multiple factors exacerbate the risk of a global recession, and inflation is the most toxic poison
Deutsche Bank CEO Christian Sewing recently said that as central banks are forced to sharply tighten monetary policy to combat inflation, the risk of a global recession rises, and europe and the United States are likely to fall into a recession. Among the multiple headwinds facing the global economy, inflation is its biggest concern.
Goldman Sachs: U.S. recession probability rises to 48% over the next two years
Goldman Sachs economists warned of a heightened likelihood of the U.S. economy slipping into recession over the next two years and lowered economic growth forecasts for the next three quarters. They now see a 30 percent chance that the U.S. economy will enter a recession next year, compared with a previous forecast of 15 percent. If a recession is avoided in the first year, the probability of entering a recession in the second year is 25%. This means a cumulative probability of 48% over the next two years, up from a previous estimate of 35%.
Vanda Research Global Macro Strategist: We should be wary of the dead cat jump in the US stock market
Despite the stock market's recovery on Tuesday, Viraj Patel, global macro strategist at Vanda Research, said it was still a bit of a 'dead cat jump'. The so-called Dead cat bounce refers to the situation in which the stock price rebounds rapidly in a short period of time after a long decline, and then continues to fall. Patel noted that investors dumped stocks such as energy and utilities that rose this year last week, which could be a signal that this year's decline is in a late stage. Mark Hackett, head of investment research at Nationwide, said the recent stock market decline and the shift in investor attitudes have made it even harder to argue that the market has bottomed out.
The former U.S. ambassador called for the removal of tariffs on China: a 1 percent reduction in U.S. inflation and faster action
With the recent release of signals by US President Biden, Treasury Secretary Yellen and others, the market has begun to pay more and more attention to the prospect of the United States to cancel tariffs on China. In an interview on Monday, former U.S. Ambassador David Adelman analyzed the benefits of removing tariffs on China for the Biden administration. He also noted that Biden could bypass Congress and remove tariffs on China directly by executive order, meaning the move could take effect quickly.
Musk is once again singing the praises of the U.S. economy: Recessions are inevitable and are likely to occur in the near future
On Tuesday (June 21), local time, Tesla CEO Musk said that a recession in the US economy is inevitable and is likely to occur in the near future. Musk, who attended the Qatar Economic Forum in Doha on Tuesday, said in an interview that a (U.S. recession) is inevitable at some point, and it is quite possible whether there will be a recession in the near future. Musk added: "That's not for sure, but it seems to be more likely to happen."
Biden said he plans to decide this week whether to stop the federal gas tax
U.S. President Joe Biden said Monday that he plans to decide this week whether to suspend the federal gasoline tax to cushion the impact of the surge in gasoline prices. It is reported that this move may require the approval of Congress, and cannot be implemented through administrative measures. A White House official said talks were underway and President Joe Biden had made it clear that he was willing to explore all options and listen to all ideas that would help lower oil prices.
Keep singing more Than China! Xiaomo: High allocation to emerging markets, it is recommended to increase the allocation of Chinese assets
Xiaomo strategists reiterated their proposal to increase direct exposure to Chinese assets and said they would still over-allocate to emerging markets compared to developed markets. Xiao mo expressed optimism about Chinese assets last week, arguing that not only the Chinese stock market is a good diversified investment channel, but also the Chinese bond market, and Chinese government bonds are currently the most exciting assets in the global market.
Russia is considering amending the regulations governing the sale of national reserves of precious metals and precious stones
In the context of the Russian-Ukrainian conflict, the Russian government and parliament intend to revise the state's regulations on the sale and management of precious metals and precious stones stocks. According to the government documents website, Russia's Finance Ministry this week proposed putting part of the country's gold and precious stones into special reserves that could be accessed in wartime. If the plan is adopted, the president will have greater power to decide what to do with these reserves. Separately, Russia's state Duma approved new rules circadianly, allowing the president greater freedom to call national treasures without consulting the government or parliament. Such a move would be necessary if the country had to sell its assets on an emergency basis.
Musk: Tesla will lay off full-time employees by 10%; There are still some unresolved issues with the Twitter takeover deal
On Tuesday, local time, Tesla CEO Musk said at the Qatar Economic Forum that Tesla will lay off full-time employees by 10%, while increasing the number of hourly wage part-time employees, and the overall number of employees will be reduced by 3-3.5%.
Musk also said there are still some unresolved questions about the Twitter takeover deal, and he is still waiting for a solution to the problem of how many bot accounts there are on the platform. Musk noted that the expectation for Twitter is that the platform is as inclusive as possible and has an attractive system of use. Musk said at the forum that he will focus on promoting products on Twitter, though he doesn't necessarily intend to become CEO.
Walmart disclosed that it holds a 62.2 percent stake in artificial intelligence supply chain company Symbotic
Walmart on Tuesday disclosed that it holds a 62.2 percent stake in artificial intelligence supply chain company Symbotic. In a regulatory filing, Walmart said it held 58.8 million shares of the company. In May, Walmart said it would deploy Symbolic warehouse robots in all 42 of its regional distribution centers, which are expected to take more than 8 years to retrofit. The technology is designed to speed up store order processing and improve inventory accuracy by moving goods in a more orderly manner.
Kellogg plans to spin off its grain and plant-based businesses in the United States, Canada and the Caribbean into three separate companies
Kellogg announced the spin-off of two businesses, which will split the U.S., Canada and Caribbean grain and plant-based businesses, with the remainder focused on global snacks, international cereals and noodles, and North American frozen breakfasts, which together account for around 80 percent of its 2021 sales. CEO Steve Cahillane said in a statement that these businesses all have great potential for independence and that increased focus will allow them to better direct their resources to different strategic priorities. The company will also explore other strategic options, including the possibility of selling a plant-based food business. As of press time, Kellogg is up nearly 7% before the session.
ExxonMobil will increase Qatar's LNG production capacity per day from 77 million tonnes to 110 million tonnes by 2027
ExxonMobil, ConocoPhillips, Total, Eni Oil and Qatar Energy have signed agreements to participate in the world's largest LNG project (The Northern Qatar Oilfield Expansion Project). ExxonMobil said that after the agreement between the company and Qatar Energy Company, the production capacity of the northern oilfield will be increased; LNG provides cleaner energy than coal and can be transported to global markets; Qatar's LNG daily production capacity will increase from 77 million tonnes to 110 million tonnes by 2027.
In response to the rise in raw materials, Apple's iPhone 14 or will increase the price of the entire series
June 20 news, iPhone 14 or will be the whole series of price increases. It is reported that Apple is expected to start mass production of the iPhone14 series in September, and due to the current serious global inflation, various raw materials have risen, while labor costs are also increasing, in order to cope with the rise of raw materials or will increase the price of the whole series, the domestic starting price rose to 6199 yuan, the top of the 1Tb version of the iPhone 14Pro Max reached more than 14,000 yuan.
Honda Motor spent 70 billion yen on an electric vehicle assembly plant in Guangzhou, which plans to start operations in 2024
It is reported that Honda Motor announced on the 20th that the construction of a new electric vehicle assembly plant in Guangzhou has officially started, with an investment of about 3.49 billion yuan (about 70 billion yen). Honda hopes to expand its production of electric vehicles in China, aiming to start operations in 2024 and produce 120,000 units per year.
Tesla Optimus Prime is about to debut on AI Day in September, and the robot concept is soaring
Today's robot concept is soaring. On the news side, the Tesla humanoid robot Tesla Bot Optimus prototype is about to appear on The Tesla AI Day on September 30, and Silicon Valley Iron Man Musk hinted that this AI day will be epic. It is reported that the robot head will be equipped with the same smart driving camera as Tesla cars, built-in FSD chips, and share the AI system with the car. Musk said that this is Tesla's most important product this year, and its status is even higher than that of the car.
Ericsson: Global 5G mobile subscribers are expected to exceed 1 billion this year
Ericsson on Tuesday released its biennial Ericsson Mobility Report, which expects global 5G mobile subscribers to exceed 1 billion by 2022, thanks to higher adoption of 5G in China and North America. The report shows that 5G users grew by 70 million in the first quarter to about 620 million; 4G users grew by 70 million to nearly 4.9 billion. The report notes that 4G subscriber growth is expected to peak this year and then decline as users migrate to 5G. Ericsson had earlier expected 4G subscribers to peak last year. The report predicts that 5G subscribers will reach 4.4 billion in 2027.
Japan Airlines considered replacing its Boeing 767 fleet within 1-2 years
On June 21, Ross Leggett, japan airline 's (JAL), senior vice president in charge of route marketing and international relations, said the company plans to replace its aging Boeing 767 aircraft and Embraer SA regional jet fleet within a year or two. Leggett said JAL will consider using the Boeing 787 and Airbus A321neo family as replacements for the 767 fleet and the A220 and E2 as replacements for regional aircraft. We have a pretty big fleet of 787s, and the A321 can also be used well in the Asian range, and we really haven't decided on it yet.
Credit Suisse: ExxonMobil's differentiated growth strategy will deliver strong returns, upgrading its rating to outperform the market
Credit Suisse analyst Manav Gupta raised exxonMobil's rating from neutral to outperforming, raising its price target to $125 from $115. Gupta told investors in a research note that ExxonMobil continues to invest in some of its most attractive oil and gas projects, while many global giants have slashed back on global investment. ExxonMobil's differentiated growth strategy will deliver huge returns to its investors, the analyst said, with crude oil, refined products and natural gas in short supply.
Bilibili launched the first UP master paid to watch the video, which cost 30 yuan
According to Station B, the paid viewing function of the UP main video previously tested was online. At present, the series of videos uploaded by the B station UP master @ hooker Grandpa Duncan has become the first paid video collection of Bilibili station. On the PC side, this video is paid content, and you can watch it after purchasing a collection on the App. When the Bilibili App client opens the video page, it shows that it will cost 30 yuan to make a purchase. According to the order, the series of videos has a total of 10 videos, and the average cost of each video is 3 yuan. The paid item has nothing to do with whether the user is a large member of Station B, and only the mobile phone can watch it at present.
Xiaopeng Automobile and Baidu announced a cooperation, and the new feature will be launched in some future models
On June 21, Xiaopeng Automobile and Baidu's artificial intelligence assistant Xiaodu announced a cooperation, the two sides will optimize and upgrade the intelligent voice Q&A and other human-computer interaction experience of the on-board scene, and the cooperation will provide encyclopedia Q&A services involving stocks, calendars, translations, characters, geography, history, sports, film and television and other related issues, and the new features will be launched in some future models of Xiaopeng Motors.
Yu Minhong: Anchors with goods need cultural training, and the new Oriental Business School will be opened in the future
Yu Minhong, the founder of New Oriental, mentioned in a live broadcast on June 20 that he may open an e-commerce school in the future. New Oriental's live broadcast is a very different kind of live broadcast, is a kind of knowledge plus culture live broadcast, and the original buy buy, sell live broadcast is not on a path, many netizens summed it up as a dimensionality reduction blow, in fact, it is not a dimensionality reduction blow, New Oriental 30 years of teaching style is like this. Yu Minhong said.
This article originated from the financial world