China Foundation News reporter Ivan
On Monday, October 24, Eastern time, the market expected the Fed to announce a slowdown in interest rate hikes at the end of the year, and the three major US stock indexes collectively closed higher.
Apple announced that it will "increase prices"! This kind of company immediately hidden. The stock price turned from a decline to a straight rise, rising as high as nearly 15%.
Risk sentiment is fragile, and Chinese concept stocks have fallen significantly. The Nasdaq Golden Dragon China Index fell more than 14%, Alibaba fell more than 12%, JD.com fell 13%, Pinduoduo fell more than 24%, and Station B fell nearly 17%.
European winters are mild, and European natural gas has plummeted by double digits. Dutch natural gas futures, the European benchmark, fell nearly 17 percent in late trading, plunging more than 70 percent from a new high set in August.
The market hopes that the Fed will slow down interest rate hikes The three major US indexes closed higher
On Monday, October 24, Eastern time, the three major U.S. indexes collectively closed higher, but the intraday Nasdaq once fell more than 1%, and the S&P index also turned down, indicating that the market risk sentiment is fragile.
By the close, the Dow was up 1.34% at 317.06 points at 31,499.62, the S&P 500 was up 1.19% at 3,797.34 and the Nasdaq was up 0.86% at 10,952.61.
Amgen rose 3.72%, and "Buffett loves" Coca-Cola rose 2.97%, leading the Dow.
On the news, on Friday (October 21), Nick Timiraos, a reporter for the Wall Street Journal known as the "new Fedwire", wrote that Fed officials expect another 75 basis point rate hike at the November interest rate meeting, but at that time there may be discussions on whether and how to signal a smaller rate hike in December.
Subsequently, some Fed officials released "doves", which made the market's expectations for a rate hike in December fall. According to Wanda information, Fed official Daly has publicly expressed concern about excessive tightening and said that the Fed will reduce the rate hike. But he also noted that it is important to reduce the magnitude of rate hikes due to uncertainty.
Wanda quoted market sources as saying that the rise in risk sentiment in European and American stock markets is related to market expectations that European and American central banks will achieve a dovish turn early next year.
The market turned higher, but there was no particular worry. Experts such as El-Érian, chief economic adviser of Allianz, generally believe that the market rally is mainly driven by liquidity, not fundamentals, and any excessive rebound cannot be sustained until the central bank actually turns dovish.
In addition, according to CCTV news, on October 24, local time, U.S. Treasury Secretary Yellen said in a speech in New York that the current surge in energy prices and increased volatility in the global financial market may cause instability in the U.S. financial market.
Yellen said the Treasury is closely monitoring possible "risks" to the financial system.
In addition, the US stock market will usher in the third-quarter earnings release of a number of giants this week, including Apple, Amazon, Google, Coca-Cola and Boeing, etc., and the market will also get a glimpse of the strength of the dollar, the impact of inflation and the possibility of recession in the earnings reports of these giants.
Apple announced that it will "increase prices"! Such companies immediately soared, rising by nearly 15%
On Monday (October 24), local time, Apple increased the subscription fees for its streaming services Apple TV+ and Apple Music in the United States, effective immediately. This is the first time the company has raised the price of its streaming service.
According to Apple's official website, Apple raised the personal subscription fee of Apple Music from $9.99 / month to $10.99 / month, which exceeds similar competitors of Spotify and Amazon; Raised the individual monthly fee for Apple TV+ from $4.99 to $6.99, which is still lower than the subscription fee for other streaming media such as Disney+ and Netflix. Increase the individual monthly fee starting at Apple One (a bundle of services like Apple Music and Apple TV) from $14.95 to $16.95.
According to an Apple statement quoted by Sina Finance and Cailian, Apple Music's price increase is due to the increase in licensing costs, and correspondingly, artists and songwriters will also get more revenue from their music streaming.
As for the reason for the price increase of Apple TV+, Apple said that the service was originally very low when it came out because users could only watch a few movies and TV series at the time, but today Apple TV+ has brought together a large number of critically acclaimed and award-winning series, feature films, documentaries, and children's and family entertainment.
After the news, the share price of music streaming giant Spotify soared, once rising more than 9%, the largest one-day increase in nearly three months, closing up 6.72%, the latest at $94.66 per share.
In addition, Warner Music, which also has a music streaming service, also rose nearly 15% from falling more than 5% at the beginning of the session, and closed up more than 8%, the latest at $25.81 per share.
Big tech stocks mostly rose
Tech stocks mostly rose, with Microsoft up 2.12%, Apple up 1.48%, Amazon up 0.42%, Google up 1.37%, Facebook down 0.22% and Tesla down 1.49%.
On the news, Amazon said it would appoint Hawaiian Airlines to fly 10 leased Airbus aircraft to deliver packages across the United States to reduce dependence on Boeing aircraft. The first Airbus A330 aircraft are scheduled to be delivered to Amazon by the end of 2023, and these aircraft will replace the Boeing 767 aircraft in the next 18 months.
Deadline! According to the news, in order to avoid legal action, Tesla CEO Musk needs to complete the $44 billion acquisition of Twitter by this Friday.
Risk sentiment is fragile Chinese concept stocks fell significantly
On Monday (24th), the market risk sentiment was fragile, and Chinese concept stocks fell heavily. The Nasdaq Golden Dragon China Index (HXC) fell more than 14%.
Among the popular stocks, JD.com fell 13%, Pinduoduo fell more than 24%, NetEase fell nearly 10%, Baidu fell more than 12%, Alibaba fell more than 12%, Tencent ADR fell more than 14%, Station B fell nearly 17%, and the "three giants of new energy vehicles" all fell more than 10%.
European natural gas plunges nearly 17% in mild winters
Winter has begun in Europe, but there are forecasts that this winter will be very mild. According to weather forecasting company Maxar Technologies Inc., the temperature in the French capital Paris will reach 25 degrees Celsius on Thursday, and other major cities such as London in the United Kingdom, Frankfurt in Germany and Madrid in Spain will also be much warmer than normal.
European natural gas plunged by double digits. Dutch natural gas futures, the European benchmark, fell nearly 17 percent in late trading, plunging more than 70 percent from a new high set in August. It is currently at 96.5 euros/MWh, falling below the 100 euro integer for the first time since June.
Biden called Sunak's appointment as Britain's first non-white prime minister "groundbreaking"
According to a report by Agence France-Presse quoted by the global network on the 25th, US President Biden responded to Sunak's election as the new prime minister of the United Kingdom on Monday (24th) local time. He said Sunak's role as Britain's first non-white prime minister was "groundbreaking".
"It's very impressive, it's a groundbreaking milestone and it means a lot." According to the report, Biden said at the Indian Diwali celebration held at the White House on the same day.
Due to the withdrawal of former Prime Minister Johnson and the leader of the House of Commons of the British Parliament, Mordaunt, announced his support for Sunak at the last minute, local time on the 24th, Graham Brady, chairman of the "1922 Committee" of the British Conservative Party, announced that Sunak was elected as the new leader of the Conservative Party and will replace Truss as the British Prime Minister. In the "title" given to Sunak by the British media, he is the first non-white prime minister in the country's history, the first Indian prime minister, the first post-80s prime minister and the youngest British prime minister in more than 200 years. But embarrassingly, he is also the third prime minister to be replaced in a year for the first time since 1834.
According to Reuters previously reported, White House spokesman Jean-Pierre said earlier on the 24th that US President Biden is looking forward to talks with Sunak in the next few days.
Sunak is about to become British prime minister, Modi tweets "warm congratulations"
Former British Chancellor of the Exchequer Sunak was elected as the new leader of the Conservative Party on the 24th local time and will replace Truss as the British Prime Minister. Indian Prime Minister Modi "warmly congratulated" Sunak on his election on Twitter on the 24th.
Modi tweeted, "As you become Prime Minister, I look forward to our close cooperation on global issues to implement the 2030 Roadmap." In addition, Modi sent Diwali wishes to Indians in the UK, saying "we are transforming our historical ties into modern partnerships." ”
The news that Sunak is about to become British prime minister has excited many Indians. British Reuters reported on the 24th that Sunak, a devout Hindu, was photographed lighting candles outside 11 Downing Street to celebrate Diwali. Now as Hindus around the world celebrate the holiday, many Indians are excited about Sunak's election. Some Indian people said on social media that India recently celebrated the 75th anniversary of independence from British colonial rule, and Sunak became the British prime minister in this year of special significance. Some Indians hope that Sunak's inauguration as prime minister will bring India-Britain ties closer.
Sunak will officially become British Prime Minister on the 25th
According to CCTV news, on the 24th local time, the British Prime Minister's Office released a message briefly introducing the procedures for the handover of the British Prime Minister. The current Prime Minister Elizabeth Truss will deliver a speech in Downing Street on the morning of the 25th local time, and then go to Buckingham Palace to meet with King Charles III of the United Kingdom.
After that, the new leader of Britain's ruling Conservative Party, Rishi Sunak, will travel to Buckingham Palace to meet with Charles III, and after accepting the appointment of Charles III, Sunak will officially become the British Prime Minister. He will also give a brief speech upon his return to Downing Street.
"Putin has invited"
According to CCTV news, Russian Foreign Ministry spokeswoman Zakharova announced on the 24th local time that Russian President Putin has invited Azerbaijani President Aliyev and Armenian Prime Minister Pashinyan to Russia to participate in the trilateral summit, where a full range of trilateral and bilateral issues will be discussed.
Zakharova said that Russia will continue to work with partners to achieve a full normalization of relations between Azerbaijan and Armenia with mutual agreement, including lifting the blockade of traffic, communications, demarcation of borders, reaching agreements on peace treaties, resolving humanitarian issues, etc
Russia says there is sufficient reason to believe that Ukraine is ready to use "dirty bombs" Ukraine has repeatedly denied it
According to CCTV news, Russian Foreign Minister Sergei Lavrov said on the 24th local time that Russia has specific information about relevant scientific institutions in Ukraine that have the technology to make "dirty bombs". The Russian side has repeatedly verified through various relevant channels, which is not a kind of suspicion. Russia has every reason to believe that the use of "dirty bombs" is already planned in Ukraine. The Russian side now plans to submit this issue to the United Nations for discussion as soon as possible.
Ukraine has repeatedly denied the Russian accusations. On the 24th, Ukrainian Foreign Minister Kuleba said that the International Atomic Energy Agency has been formally invited to immediately send experts to Ukraine to verify Russia's false accusations that Ukraine has developed "dirty bombs".
The chairman of the US Joint Chiefs of Staff spoke with senior Russian and Ukrainian officials
According to CCTV news, on October 24, local time, the spokesman of Mark Milley, chairman of the US Joint Chiefs of Staff, said that Milley spoke with Valery Gerasimov, chief of the general staff of the Russian armed forces, and Valery Zaluzhne, commander-in-chief of the Armed Forces of Ukraine.
During the conversation with Gerasimov, the two sides discussed several security-related issues and agreed to keep the lines of communication open. In conversations with Zaluzhne, the two sides talked and exchanged views on the situation of the Russian-Ukrainian war, in which Milley also reiterated his firm support for Ukraine.
Editor: Xiao Mo