Today is June 23rd, the market never sleeps, finance and economics already know
This program is produced by CBN and co-presented by Sina Finance
【Global Market Scan】********
Volkswagen CEO Herbert Dies also attended and spoke at today's Qatar Economic Forum. He said he wasn't sure if Apple really planned to produce cars, but they did want to provide cockpit software.
On June 21, local time in the United States, the first meta-universe international standard alliance was officially announced, the organization called the "Metaverse Standards Forum", composed of dozens of technology industry giants around the world, including Meta, Microsoft, Nvidia and other Us manufacturers, as well as China's founding members including Huawei, Alibaba Damo Academy, but Apple and Google are not listed.
【European and American reporters connected】********
London journalist Chen Xiyu:
European stocks fell across the board on Wednesday. As of the close, germany's DAX index fell the most, followed by the UK FTSE 100 index, followed by france's CAC 40 index, and Europe's Stoxx 600 index fell the least.
The bearish situation mainly comes from the inflation situation that continues to deteriorate. The UK's CPI rose 9.1% year-on-year in May, a 40-year high. According to the UK Department of Statistics, rising food prices, especially for bread and meat, have replaced the surge in energy prices as the main driving force for inflation in the UK. Citibank's latest research report points out that the level of food price inflation in the UK may be as high as 20% in the first quarter of next year.
In addition, intraday data also showed that UK house prices rose 12.4% year-on-year in April, the second largest annual increase since 2006. And because house price levels are already high, the house price increase in London is still the smallest of all areas in the UK, but the year-on-year increase is also as high as 7.9%.
Markets are concerned that rising price levels will weigh on the outlook for economic growth. After the release of CPI data, the pound sterling exchange rate erased intraday gains; On Wednesday night, GBP/USD consolidated at 1.2271. Currently priced in the money market, the Bank of England will raise interest rates by 25 basis points in August.
But it's not just the UK that faces inflationary pressures. Bank of France Governor Villeroy day said that although France is expected to emerge from recession this year and achieve positive growth, inflation is still too high, weakening residents' spending power.
New York reporter Wang Jing:
Weighing Powell's congressional testimony, U.S. stocks closed slightly lower
As the market weighed Fed Chairman Powell's congressional testimony, U.S. stocks turned lower on Wednesday, with the three major stock indexes closing lower across the board.
POWELL: There is a possibility of a recession soft landing challenge
Fed Chairman Jerome Powell attended a two-day congressional hearing starting Wednesday, at which the Senate Banking Committee heard, Powell said the Fed would continue to raise interest rates to curb inflation, though he also acknowledged that the U.S. economy could fall into recession and a soft landing would be challenging. He expects the Fed to continue to raise interest rates and needs to be flexible in response to the latest data and changing circumstances.
Citi: Nearly 50% chance of the global economy falling into recession
Chicago Fed President Evans said on Wednesday that he supported another sharp rate hike in July unless inflation data improved. Most Fed officials now expect rates to be 3.25%-3.5% by the end of 2022 and 3.8% by the end of 2023. According to market research, the Fed may raise rates by another 75 basis points in July, then 50 basis points in September, and will not reduce the rate hike to 25 basis points until November at the earliest. Following Goldman Sachs' warnings about the increased likelihood of the U.S. economy slipping into recession, Citigroup economists said supply chain disruptions continue to drive up inflation and drag economic growth, weakening consumer demand for goods, and tightening monetary policy by major central banks around the world, making the global economy close to 50 percent likely to fall into recession.
CEO of Daimler Trucks: We are facing tremendous pressure on our supply chain
On the company's side, the CEO of Daimler Trucks, the world's largest truck manufacturer, said on Wednesday that the shortage of spare parts is slowing the production of thousands of cars, and they are currently facing huge pressure on the supply chain. At the same time, inflationary pressures are also severely affecting the company's production, as the cost of energy and raw materials is significantly higher.
【Last Night &Today's Hot News】********
Uk inflation broke through 9% in May to become the highest G7 central bank warning peak is still early!
On Wednesday (June 22), the United Kingdom announced that inflation rose to 9.1% in May, surpassing the April 9% value, once again hitting a 40-year high, and the United Kingdom became the highest inflation in the G7 that month.
In May, inflation was 8.6 percent in the United States, 5.2 percent in France, 7.9 percent in Germany and 6.9 percent in Italy. Japan and Canada, which have not yet announced inflation of 2.5% and 6.8% in April, are not expected to surpass the UK in May.
Statistics UK said in a statement that it estimated that UK inflation would continue to rise at all-time highs. According to a recent survey, nearly a quarter of Britons have responded to inflationary pressures and a food crisis by skipping meals. Bank of England Governor Andrew Bailey described it as the "end of the world" for consumers. A massive strike is now underway in the UK, half of the UK's railways have been paralysed, and strike sentiment is still spreading across the UK.
Citibank: Oil prices may fall further, but are expected to fluctuate sharply
Citibank said oil prices could fall back by the end of the year or even later, though the process could be bumpy. On Wednesday, cloth oil fell 5.3 percent, and the bank expects the market to remain volatile. Oil prices are expected to fall back to $80 in the fourth quarter, but oil prices are likely to spike this summer. The Russian-Ukrainian conflict and the difficulty of supply keeping up with demand growth after years of underinvestment have fueled the rally in recent months.
Intensification of Currency Depreciation in Asia: Japan and South Korea Open a WorseNing Model Where will the Hong Kong yuan go? The RMB exchange rate remains relatively firm
This week, Asian currencies are facing a new storm of depreciation as the dollar index and US Treasury yields end last week's pullback. During the Asian session on Wednesday (June 22), the South Korean won and the Philippine peso both hit the lowest level in more than a decade, and the Hong Kong Monetary Authority took the Hong Kong dollar sell order for the 13th time in the day, and the cumulative scale of this round has reached nearly 100 billion!
Compared to the weak performance of many Asian currencies since the beginning of the week, the RMB exchange rate has remained firm recently.
Data from the China Foreign Exchange Trading Center shows that in the past two weeks or so, the midpoint of the renminbi against the DOLLAR has always fluctuated in both directions around 6.7, with no obvious sharp rise and fall. Last week in particular, the RENMINBI exchange rate was extremely bright in the global foreign exchange market, with a stronger weekly trend than other G10 currencies except the US dollar and the Swiss franc.
The first short-selling ETF in the United States after Bitcoin plummeted 70% The cryptocurrency winter is not over?
Those bears who believe that the cryptocurrency crash is not yet over have been given a new tool to bet on the fall of Bitcoin. Financial institution ProShares launched the Short Bitcoin Strategy ETF (code BITI) on Tuesday, the first inverse ETF in the United States to pegge bitcoin. By tracking the performance of the Bitcoin futures index in reverse, the ETF hopes to offer a relatively inexpensive and easy way for investors to profit from Bitcoin's further declines.
BITI came at a time when risky assets were sold sharply due to the Fed's aggressive interest rate hikes and inflation, and the cryptocurrency circle was experiencing a "bloody storm". The scary thing is that in this round of sell-offs, even those long-term holders have begun to reduce their holdings. This weekend, the price of Bitcoin fell below the $20,000 mark before rebounding.
5, the rating: the two cities opened high and went low Shanghai index fell 1.2% The pharmaceutical and power sectors led the rise against the trend
June 22 news, the three major indexes in the morning after the collective high after the weak shock, the Shanghai index, the Shenzhen index turned green, the ChiNext index rose slightly, the afternoon index shocked lower again, the three major indexes turned green across the board, the Shanghai index, the Shenzhen index fell more than 1%, and the northbound funds flowed out sharply. In terms of plates, the pharmaceutical sector rose higher, pork, chicken and other breeding stocks rose sharply in the afternoon, and the automotive industry chain and energy storage sector continued to be active; Infrastructure and meta-universe plates oscillated lower, and the titanium dioxide concept and digital currency plate pulled back sharply. Overall, the hot spots of the plate are rotating rapidly, and the market sentiment is cold. By the close, the Shanghai index was down 1.20%, the Shenzhen component was down 1.43 percent and the ChiNext was down 0.58 percent.
6, the national regular will be heavy! Determine the policy of increasing the support of automobile consumption, and it is expected to increase related consumption by 200 billion yuan
According to CCTV News, the executive meeting of the State Council held on June 22 determined the policy of increasing support for automobile consumption, predicting that the increase in automobile and related consumption this year will be about 200 billion yuan.
Industry insiders said that this round of automobile consumption stimulus policy tools, strength and wide range will effectively boost automobile consumption, and then accelerate the recovery and growth of related industries through the pull of the upstream and downstream industrial chains. In the context of increasing volatility in the global commodity market and high overseas inflation, it is extremely important to stabilize the "ballast stone" of grain and ensure the security and stable supply of energy.
(June 22), the automobile-related sector started again, the automobile vehicle, auto parts, new energy vehicles and other sectors rose in the front, although the afternoon with the market has declined, but the stocks in the sector still set off a rising tide.
Following the previous total leader Zhongtong Bus staged 13 consecutive board market, the rookie Jitai shares and Zhejiang Shibao also became the strongest height board in the current market with 9 consecutive boards and 8 consecutive boards respectively.
【Ride on my beloved little motorcycle】********
Metaverse avatars can be "dressed up"! Meta's new Avatar Shop offers virtual luxury
Meta-Pioneer Meta will launch an avatar store, the Avatars Store, where users can purchase costumes to customize their avatars in the metaverse.
Since the beginning of this year, Meta is paying more and more attention to the design and development of user avatars in the meta-universe, and the avatar will become a bridge between 2D social applications and 3D immersive VR experiences in the future.
Meta CEO Mark Zuckerberg announced on Facebook on Friday that customers will be able to buy virtual clothing from high-end fashion brands such as Balenciaga, Prada and Thom Browne, the first brands to settle on the Avatars Store.
Eye-catching, these high-end outfits range in price from $2.99 to $8.99, which is much cheaper than the real ones. In addition, the store offers hundreds of free clothing items.
Meta's Avatars Store is expected to launch in the coming weeks on Instagram, Facebook and Messenger in the United States, Canada, Thailand and Mexico.
Today is June 23rd, the market never sleeps, finance and economics already know
This program is produced by CBN and co-presented by Sina Finance
【Daily Inspiration】********
Don't panic, won't, don't be sure, don't care.
Go your own way, let others have no way... Love how to go how to go. Isn't it?
![Meghan doesn't want her son to have illusions about Britain, and Harry must first solve Meghan if he wants to return to the royal family[fig]](data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=)