Financial circles on September 9 news, investors pay attention to the day's economic data and Fed officials speeches, while U.S. Treasury Secretary Yellen expects that the decline in gasoline prices will drive the CPI downward remarks and overseas markets have strengthened to drive investors to do more confidence, U.S. stocks continue to perform strong on Thursday collectively higher, the Dow rose more than 150 points, the Nasdaq rose more than 100 points; Star tech stocks, oil stocks and Chinese stocks were higher, and Mushroom Street announced a $10 million share buyback to open more than 40%. Shell rose more than 5%, Weilai Automobile rose more than 4%, Xiaopeng Automobile rose more than 3%, and New Oriental and Tencent Music rose about 3%.
Britain's FTSE 100 rose 1.4%, Germany's DAX rose 1.3%, France's CAC-40 rose 1.4%; risk assets collectively rebounded, oil prices rose more than 2%, and even long-suppressed gold rose more than 1% to stand at 1720. The dollar index hit its biggest one-day decline in a month.
U.S. Treasury Secretary Yellen: U.S. inflation will slow further, but risks remain
U.S. Treasury Secretary Janet Yellen said Thursday she was optimistic that U.S. inflation would slow further, but warned that uncertainty remained. Yellen said: Gasoline prices have fallen for 80 consecutive days, which is of course good news. Falling gasoline prices weighed down overall inflation in July, as will the August data. Yellen added: There is a lot of uncertainty about Russia in the world.
Guggenheim: The higher the inflation, the lower the price-to-earnings ratio, and the U.S. stock market will fall another 20%
Scott Minerd, chief investment officer at Guggenheim Partners, on Thursday cited the historical link between U.S. stock market earnings and inflation, saying: "Since 1960, when inflation is higher, the price-to-earnings ratio has been trending downward. Now that core PCE is 4.6% y/y and the S&P 500 is 19x, we should see the stock market fall another 20% by mid-October. He pointed out that at the worst time of the year in history, that is, in September and October, the downturn in the price-earnings ratio was obvious. Given the strong trend of the stock market in recent days, people seem to ignore the macro background as well as the monetary policy background, which basically indicates the coming of a bear market.
September rate hike of 75 basis points into consensus? Following Goldman Sachs and Bank of America, Nomura raised expectations for a Fed rate hike
A report released Friday by Nomura economists, led by Aichi Amemiya, showed that the Fed is expected to raise rates by 75 basis points this month and 50 basis points at its November meeting, meaning they both raised their previous forecasts by 25 basis points. Analysts have upheld expectations of a 25 basis point hike in December and February, which would bring their forecast for the terminal rate to 4%-4.25%. The rhetoric of FOMC attendees in recent weeks suggests that there is an increased urgency to accelerate rate hikes and raise overall interest rate levels to more forcefully counter persistently above-target inflation, the report said.
Bank of America: Panic has fermented, and the us stock market has fled as much as $11 billion in a single week
Bank of America strategists said the rising possibility of a recession against the backdrop of numerous risks has led investors to flee the U.S. stock market. According to EPFR Global, cited by the bank, $10.9 billion was outflowed from U.S. equity funds in the week ending Sept. 7; The largest outflow in 11 weeks was driven by technology stocks, with $1.8 billion. The data showed $14.5 billion outflows from global equity funds, while $6.1 billion flowed into government bonds such as U.S. Treasuries.
The EU will convene an emergency energy conference to discuss the crisis response
European energy ministers will discuss liquidity measures and other tools to intervene in energy markets at a special meeting on Friday and develop plans to address this unprecedented energy crisis that avoids further damage to the broader economy. Russia's closure of the Nord Stream 1 gas pipeline has put more pressure on Europe, which must control gas prices before entering winter to avoid a severe recession or even social unrest.
High-level blood exchange, new production targets... Tesla's Nevada Gigafactory is ambitious
Tesla has restructured the leadership of Gigafactory, a large battery factory located outside Reno, Nevada, and set new goals for the plant. According to Thursday's conference audio and documents shared by plant staff, Chris Lister, vice president of operations at the Gigafactory, has left, while Hrushikesh Sagar has been promoted to director of the gigafactory. Sagar reports directly to CEO Elon Musk, while also overseeing Tesla's auto assembly plant in Fremont, California. Separately, the head of energy at the Nevada Gigafactory said Tesla aims to produce 442 Megapack batteries in the third quarter of 2022, an 85 percent increase from the second quarter.
Tesla evaluated the construction of a lithium refinery in Texas and sought tax breaks
According to market news, according to a recent public application, Tesla is evaluating the construction of a battery-grade lithium hydroxide refining facility in Texas, while submitting a tax reduction application to the Texas Audit Office. Tesla told the state that if the factory is built, it will provide the necessary supply chain for large-scale electric vehicle batteries. At the same time, it will consume fewer hazardous reagents and produce usable by-products compared to conventional processes. Construction of the project will begin as early as the fourth quarter of 2022, but commercial production will not be possible until the fourth quarter of 2024.
Guo Mingxi: The difference between the iPhone 15 Pro and iPhone 15 Standard Edition is more pronounced
Well-known Apple analyst Mingji Guo believes that Apple will create more differentiation between the iPhone 15 Pro and iPhone 15 Standard Edition to increase the shipment distribution of the Pro series and the new iPhone ASP. Guo Mingxi also said that in the iPhone 14 offline pre-order order in China, the two Pro models accounted for about 85% of the order ratio, and the Plus accounted for less than 5%. Judging from this survey, the proportion of orders for Pro models this year is higher than in previous years, reflecting the change in Apple's product segmentation strategy.
Sea continues to lose weight: Its e-commerce platform Shopee has scaled back its South American operations
Shopee, the e-commerce arm of Southeast Asian internet giant Sea, has informed employees that it will close its local operations in Chile, Colombia and Mexico and withdraw from the Argentine market altogether. The cuts involved hundreds of employees. Shopee CEO Chris Feng mentioned in an internal email that the increased uncertainty of macro factors means that resources will be concentrated into the company's core business. In addition, Sea will lay off employees in the game live broadcasting division, adding that the Sea development division's projects have also been closed.
DocuSignQ2 results exceeded expectations, with strong Q3 guidance
DocuSign today reported second-quarter results as of July's lowest, with revenue of $622 million, higher than market expectations of $602 million and also higher than the company's previous guidance of $604 million, and adjusted earnings per share of 44 cents, 42 cents above expectations. The Company expects total revenue for the third quarter to be $624-628 million, compared to market expectations of $625 million, and subscription revenue of $609-613 million, with market expectations of $607 million. The Company maintained its fiscal 2023 revenue guidance of $2.47 billion to $2.48 billion.
The stock price has outperformed the opponent by a large margin! T-Mobile announced a $14 billion share repurchase program
U.S. telecom giant T-Mobile US on Thursday announced a $14 billion share buyback program that will run until Next September, with the company hoping to reward shareholders after outperforming its competitors. T-Mobile's stock price has risen 25% so far this year, while rival AT&;; Shares of T and Verizon fell 29 percent and 18 percent, respectively. Analysts say T-Mobile's free cash flow is expected to grow in the coming years as the costs associated with acquiring rival Sprint Corp are gradually reduced, and more customers sign up to use the telco's 5G network at competitive prices.
Chinese new energy vehicle stocks strengthen, retail sales of new energy passenger cars in August increased by 111.2% year-on-year
Chinese new energy vehicle stocks strengthened, with Weilai up nearly 3%, Xiaopeng Automobile and Ideal Automobile up more than 2%. According to the Association of Passenger Vehicles, wholesale sales of new energy passenger vehicles reached 632,000 units in August, up 103.9% year-on-year and 12.0% month-on-month. From January to August, the wholesale number of new energy passenger cars was 3.662 million units, an increase of 119.4% year-on-year. Retail sales of new energy passenger cars reached 529,000 units in August, up 111.2% year-on-year and 8.8% month-on-month. From January to August, domestic retail sales of new energy passenger cars were 3.262 million units, up 119.7% year-on-year.
Baidu Smart Cloud released automotive cloud for the first time
At this week's 2022 Intelligent Economy Summit Forum, Baidu Intelligent Cloud released the automotive cloud for the first time, which combines three clouds: group cloud, network connection cloud and supply chain collaboration cloud to form a complete carrier of service automotive enterprises from manufacturing to sales operation. At present, the top 15 automakers in China, including FAW, Geely, Dongfeng Motor and other 10 are customers of Baidu Intelligent Cloud; Among the top 10 new energy vehicle companies, Baidu intelligent cloud services are 5, including Weilai and Ideal.