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Summary
The top three US stock indices were mixed: at the close, the Dow Jones fell 1.50%, the Nasdaq rose 0.56% and the S&P 500 fell 0.47%. The precious metals sector collapsed. At the close, Pan American Silver fell more than 6%, Kinross Gold and Herak Mining fell more than 5%, First Majestic Silver fell almost 5% and Newmont and Barrick Gold both fell more than 3%. . Tech stocks collectively recovered. At the end of the market, Micron Technology, Applied Materials, Nvidia and Twitter increased more than 3%, Kelei, AMD increased more than 2% and Amazon, Facebook and Microsoft increased more than 1%. %.
The top three US stock indices were mixed: at the close, the Dow Jones fell 1.50%, the Nasdaq rose 0.56% and the S&P 500 fell 0.47%.
The precious metals sector collapsed. At the close, Pan American Silver fell more than 6%, Kinross Gold and Herak Mining fell more than 5%, First Majestic Silver fell almost 5% and Newmont and Barrick Gold both fell more than 3%. .
Tech stocks collectively recovered. At the end of the market, Micron Technology, Applied Materials, Nvidia and Twitter increased more than 3%, Kelei, AMD increased more than 2% and Amazon, Facebook and Microsoft increased more than 1%. %.
The following is a summary of important information in the global market:
Global macro
Yellen calls on the G20 to cooperate in response to the epidemic and promote economic recovery
US Treasury Secretary Yellen called on the G20 on the 25th to strengthen cooperation to control the spread of the new corona epidemic and promote global economic recovery.
Yellen said in a letter to G20 finance ministers and central bank governors that for more than a year, the international community has faced the dual health and economic crisis caused by the epidemic. Today’s international community needs multilateralism and action. Working together is “very important”.
The global bond market faces a sell-off, the Reserve Bank of Australia takes the lead
On the 25th, the 10-year US Treasury yield rose once above 1.6%, an increase of more than 20 basis points. The spread between the 2-year and 10-year US Treasuries once widened to almost 142 basis points, the largest spread since November 2015. The US Department of the Treasury auctioned the 7-year Treasury bond for $ 62 billion with an interest rate of 1.195% and an offer multiple of 2.04, a record low. The average subscription multiple of the previous six auctions was 2.35.
The Netherlands may become the first country in the world to issue an antitrust ruling against Apple
On February 26, according to foreign media reports, the fact that Apple’s app store charged developers 30% of the commission caused an uproar in the industry, prompting a large amount of investigations by developers. regulators.
In 2019, the “Dutch Agency for Consumers and Markets” (ACM) announced an investigation into Apple, which involved Apple requiring developers to use their own in-app payment system and then extract 15% to 30% of income as commissions. According to a letter recently sent by ACM to developers, the agency is about to issue a ruling against Apple. This may be the world’s first regulatory decision on the Apple App Store.
Governor of the Bank of Japan: I hope to boost inflation expectations and lower real interest rates and continue to control the yield curve.
Kuroda Haruhiko, Governor of the Bank of Japan: Price increases are affected by various factors, such as oil. The IPC is expected to gradually rise towards the target price. Monetary policy cannot be said to be powerless. This may take time, but the Bank of Japan must help expand the positive output gap to achieve 2% inflation and support inflation expectations by promising to expand the base currency until inflation stabilizes above 2%. The Japanese economy faces risks and prices tend to fall. By emphasizing the Bank of Japan’s commitment to achieving a 2% inflation rate, it hopes to boost inflation expectations and lower real interest rates. The Bank of Japan reduces real interest rates by keeping nominal interest rates low. Even if the virus disappears, there will still be some negative economic effects. It will continue to monitor the yield curve.
The locust plague is here again. Can East Africa escape this disaster this time?
East Africa has been deeply affected by the locust infestation, but in more than two years there have been four rounds of large-scale locust infestations in East Africa, and the smallest locust infestation has been released and released eight times.
East African countries have suffered from wars, terrorism, extremist forces, piracy, the new crown epidemic, and various natural disasters in recent years. Today, East Africans have another lobster.
US stocks in focus
Fed continues to shed water on global inflation warning
Right now, a year ago, US stocks were calm before the storm. With the outbreak of the epidemic, the capital market also caused a shock. Now that the “fuse of the US stock market” It is about to celebrate its first anniversary, the new storm has once again condensed, but this time on the cusp, it has become the US bond yield. In the past year, under the global flood led By the Federal Reserve, inflation expectations have risen. While large-scale vaccination has raised hopes of economic recovery, it has once again strengthened expectations for global inflation. The resulting surge in US Treasury yields has also gradually triggered panic. After all, the market is more concerned about the Fed’s “shutdown” after US Treasury yields.
Does capital smell dangerous? US Stocks Crashed, US Debt Soared! Qiaoshui: Turbulence Creates Biggest Investment Opportunity in Decades
Last night the US market was not calm and US stocks tumbled, especially tech stocks. The Nasdaq slumped 3.52%.
Even the current situation in the United States is not calm. According to US media reports, on February 25 local time, the Acting Sheriff Pittman of the United States Congress stated that there is intelligence that extremists are planning to attack the Capitol when Biden delivers his State of the City Address. Union In launching the attack, Congress plans to maintain the current high alert level until the end of the speech. The White House has yet to announce the date of the speech. Pittman claimed that the extremists’ purpose was to “blow up the Capitol” and “kill as many people as possible.”
How does the rise in US bond yields affect A shares and US equities when the global market is falling?
The yield on long-term US Treasuries hit a new record in more than a year and panic spread across global financial markets.
Overnight, US Treasury yields skyrocketed and put pressure on the US equity market. Dow closed 1.75% lower, S&P 500 closed. with a fall of 2.45% and the Nasdaq index closed with a fall of 3.52%. Among them, the Dow index and the S&P 500 posted the biggest drop in a day since late January. The Nasdaq suffered its biggest one-day drop since late October last year.
USA Limited Company
Airbnb publishes its fourth quarter earnings report with a net loss of $ 3.89 billion
According to the February 26 news, after the market closed on Thursday, short-term rental platform Airbnb (Airbnb) released its first financial report since its fourth-quarter financial report of trading. The report shows that Airbnb’s fourth-quarter revenue was $ 859 million, a 22% year-on-year decrease. The net loss was US $ 3,888 million and the net loss in the same period last year was US $ 352 million, representing a substantial year-over-year increase. Airbnb said the company’s total bookings in the fourth quarter were $ 5.9 billion, down 31% year-on-year; In the fourth quarter, lodging and experience registrations were 46.3 million nights, 39% less year-on-year. The company’s net free cash flow in the fourth quarter was $ 147 million and analysts were expecting $ 577.4 million.
HP’s Q4 Profit Increased 58% to US $ 1.1 Billion, Beating Market Expectations
Hewlett-Packard (HP), a manufacturer of personal computers and printers, announced results for the first quarter of this year. During the period, GAAP earnings increased 58% year-on-year to 1.1 billion yuan (USD. Same below), and adjusted earnings per share were 0.83 yuan., Beating market expectations by 0.61 yuan. , earnings per share outside of US GAAP were 0.92 yuan, beating expectations by 0.67 yuan. Revenue for the period increased 7% to 15.6 billion yuan.
What’s the difference between Apple Cook CEO’s 800 million yuan year-end award and Lei Jun’s 9.9 billion yuan?
According to industry media reports, as Apple’s performance exceeded last quarter’s expectations, Apple will give CEO Tim Cook 1 million Apple shares as a reward.
Tesla (TSLA.US) Model 3 registrations in China fell 38% month-over-month in January
According to data from the China Automotive Information Network, in January, the number of domestically manufactured Tesla Model 3 (TSLA.US) registrations in China was 14,554, a 38% decrease from the previous month. The Model Y models delivered on January 18 were 1967 vehicles.
(Source: Oriental Wealth Research Center)
(Editor in charge: DF372)
I solemnly declare: The purpose of this information is to spread more information, and it has nothing to do with this booth.
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