On December 21, local time, European stock markets fell across the board, with the British FTSE 100 index, the French CAC 40 index, and the German DAX index all falling slightly. U.S. inflation cooled, the three major indexes of the U.S. stock market soared at the end of the session, the Nasdaq index and the S&P 500 index both rose more than 1%, most of the large technology stocks rose, Tesla rose nearly 3%, and Chinese concept stocks rose sharply across the board.
Angola's Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, announced on December 21 that Angola would withdraw from the Organization of the Petroleum Exporting Countries (OPEC), Xinhua News Agency and CCTV News reported. On December 21, local time, the European Court of Justice ruled that FIFA and UEFA's actions to prevent clubs from participating in the European Super League violated EU competition rules. Earthquakes with a magnitude of over 5 have occurred in the waters east of Chiba Prefecture in Japan and in the waters southeast of Honshu, Japan.
U.S. stocks rose across the board, and Chinese concept stocks rose sharply
On December 21, local time, major European stock indexes fell across the board, with the British FTSE 100 index down 0.27%, the French CAC 40 index down 0.16%, the German DAX index down 0.27%, and the European STOXX50 index down 0.20%.
As of the close, the Dow Jones Industrial Index, Nasdaq Index, and S&P 500 Index rose 0.87%, 1.26%, and 1.03% respectively, and the Dow Jones Industrial Index rose more than 300 points.
In terms of data, on December 21, local time, data released by the Bureau of Economic Analysis of the U.S. Department of Commerce showed that the real gross domestic product (GDP) of the United States in the third quarter of 2023 increased by 4.9% year-on-year on an annualized basis after the third revision. The annualized final value of the core PCE price index in the third quarter of the United States rose 2% month-on-month, with an expected increase of 2.3%, a revised value of 2.3%, a preliminary increase of 2.4%, and a final value of 3.7% in the second quarter, and a year-on-year increase of 3.8%, a preliminary and revised value of 3.9%, and a final value of 4.6% in the second quarter. The annualized quarterly rate of the PCE price index in the third quarter of the United States rose by 2.6% month-on-month, the revised value increased by 2.8%, and the preliminary value rose by 2.9%. According to data released by the U.S. Department of Labor, the number of initial claims for unemployment benefits in the United States last week was 205,000, with an expectation of 215,000, and the previous value was revised from 202,000 to 203,000, and the number of continuing claims for unemployment benefits in the week to December 9 was 1.865 million, with an expectation of 1.888 million, and the previous value was revised from 1.876 million to 1.866 million.
The three major U.S. stock indexes surged at the end of the session, pointing out that weak economic growth and inflation mean that the Fed may cut interest rates soon, and some analysts pointed out that weak economic growth and inflation mean that the Fed may cut interest rates soon.
Source: Wind
Big tech stocks generally rose, with Apple down 0.08%, Microsoft, Amazon, Google parent company Alphabet, Meta, and Netflix up 0.79%, 1.13%, 1.50%, 1.38%, and 0.48%, respectively. In addition, Nvidia and Tesla rose 1.83% and 2.98% respectively.
U.S. bank stocks rose across the board, with JPMorgan Chase, Goldman Sachs, Citigroup, Morgan Stanley, Bank of America, and Wells Fargo up 0.57%, 0.84%, 1.04%, 1.62%, 0.65%, and 0.24% respectively.
Popular Chinese concept stocks generally rose, with the Nasdaq China Golden Dragon Index surging 3.16%. Pinduoduo rose 0.20%, Alibaba rose 3.97%, Alibaba's market capitalization was close to Pinduoduo, JD.com rose 5.86%, Gaotu Group, Baidu, Kingsoft Cloud, Bilibili, etc. all rose more than 5%, NIO rose 4.67%, Xpeng Motors rose 1.47%, and Li Auto fell 0.03%.
Source: Wind
For the U.S. stock market, Rob Haworth, senior investment strategist at United Bank Asset Management, said that the market has been rising for a long time, and as far as buyers are concerned, it may be a little tired and is starting a short-term consolidation phase.
Scott Chronert, a strategist at Citigroup, said earnings at the industry level will continue to grow, and the rally will extend beyond the mega tech stocks.
The Angolan government has announced that it will withdraw from the Organization of the Petroleum Exporting Countries
Angola's Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, announced on December 21 that Angola would withdraw from the Organization of the Petroleum Exporting Countries (OPEC), CCTV News reported.
Angola's decision to withdraw from OPEC was reportedly made at the Council of Ministers, which was signed by Angolan President João Lourenço on 21 December.
It is understood that Angola joined OPEC in 2006.
FIFA and UEFA were found guilty of violating EU competition rules
On December 21, local time, the European Court of Justice ruled that FIFA and UEFA's actions to prevent clubs from participating in the European Super League violated EU competition rules.
The European Court of Justice said the two football bodies "abused their dominant position" when they banned clubs from participating in the European Super League. However, the ECJ added that the European Super League may still not be approved.
UEFA issued a statement saying that it took note of the ruling of the European Court of Justice in the UEFA Super League case, which does not imply recognition of the UEFA Super League.
In April 2021, 12 European football clubs announced the creation of a European Super League independent of UEFA football, a decision that was subsequently strongly opposed by UEFA, FIFA, and many governments and fans.
A magnitude 5.3 earthquake struck the sea east of Chiba Prefecture, Japan
According to CCTV News, at around 23:04 local time on December 21, a magnitude 5.3 earthquake occurred in the sea near the east of Chiba Prefecture, Japan, with a maximum seismic intensity of 2 and an epicenter depth of 20 kilometers.
A magnitude 5.1 earthquake struck the sea southeast of Honshu, Japan
According to CCTV News, the Europe-Mediterranean Earthquake Center determined that at 5:45 local time on December 22, a 5.1-magnitude earthquake occurred in the southeast sea area of Honshu, Japan (35.3251 degrees north latitude, 141.1014 degrees east longitude), with an epicenter depth of 16 kilometers.
Reviewer: Wang Chao Editor: Ya Wenhui Producer: Yu Zhe Signed: Peng Yong