On Monday, US time, the three major U.S. stock indexes rose and fell, with the Dow closing slightly higher by 0.3%, hitting a new intraday and closing high, while the S&P 500 index and nasdaq closed down 0.09% and 0.6%.
The Biden administration will unveil a large infrastructure plan on Wednesday, and the Dow has reached a new high
A White House spokesman said the Biden administration would unveil a large-scale infrastructure plan on Wednesday. After that, Biden said that by April 19, 90 percent of U.S. adults will be eligible for the COVID-19 vaccine.
Following the news, the Dow, which had fallen in the morning, turned higher, rising more than 100 points at one point. But the 10-year Treasury yield rose again at 1.7 percent on Monday, hitting a one-week high, dampening the rally in the S&P 500 and nasdaq.
The US hedge fund blow-up incident fermented Bank stocks suffered heavy losses
In addition, a U.S. hedge fund "burst" incident is still fermenting, according to people familiar with the matter revealed to Reuters, the fund named Archegos, due to margin default was forced to liquidate, including Nomura Securities, Morgan Stanley and Goldman Sachs and other well-known banks at below-market prices sold the stocks associated with the fund at lower than the market price, facing huge losses, the market is worried that more banks may be implicated, U.S. stock bank stocks led the market on Monday.
China releases positive economic data German stock market hit a record high
Europe's three largest stock markets were mixed, with London closing down 0.07% and Paris closing up 0.45%. Frankfurt, which is a large share of exporters, closed 0.47% higher, hitting intraday and closing highs, mainly due to the release of favorable economic data from China, and the profits of Chinese industrial enterprises increased by 1.79 times year-on-year in the first two months of the year.
Dragged down by U.S. hedge fund explosion Credit Suisse shares plunged 14%
France has warned that a third wave could soon overwhelm the health care system, leading to a general decline in economic recovery concept stocks such as leisure travel in the eurozone. At the corporate level, affected by the storm of U.S. hedge fund explosions, Credit Suisse said the incident is likely to seriously affect the first quarter of performance, and the company's stock price fell nearly 14% on Monday.
The market expects OPEC to maintain the production cut plan, and international oil prices rose on the 29th
Crude oil prices rose on Monday, with U.S. WTI light crude futures for May delivery closing at $61.56 a barrel and Brent crude futures for May delivery closing at $64.98 a barrel. Just after the news of the resumption of operation of the Suez Canal was released, oil prices fell for a while during the session. Subsequently, the market expected OPEC of the Organization of the Petroleum Exporting Countries to announce the maintenance of production cuts at this week's meeting, boosting oil prices.
Biden's infrastructure plan boosts the dollar Gold prices fell on the 29th
Gold prices fell significantly on Monday, with the June delivery gold futures closing at $1714.6 an ounce. According to the analysis, the large-scale infrastructure plan to be announced by US President Biden has boosted the market's confidence in the RECOVERY of the US economy, which has strengthened the US dollar and suppressed the demand for safe-haven gold.
Source: CCTV Finance
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