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Summary
The three major US stock indices were collectively higher, with the Dow rising more than 1%, continuing to record intraday highs. At press time, the Dow Jones was up 1.51%, the Nasdaq was up 0.05% and the S&P was up 0.70%. The banking, oil and precious metals sectors collectively increased. At press time, Goldman Sachs, Wells Fargo and Citigroup increased more than 3%, Berkshire, Bank of America, Morgan Stanley exceeded 2%; Exxon Mobil, ConocoPhillips, Western Oil rose more than 2 %%; Cordellen Mining and Hecla Mining were up more than 4%.
The three major US stock indices rose collectively, with the Dow rising more than 1%, and continued to hit an intraday record. At press time, the Dow Jones was up 1.51%, the Nasdaq was up 0.05% and the S&P was up 0.70%.
Bank,Petroleum,Precious metalsThe sector grew collectively, at the close of this edition,Goldman sachs、FuGuo Bank, Citigroup rose more than 3%,Berkshire,Bank of America、Morgan stanleyMore than 2%;Exxon Mobil、ConocoPhillips、Occidental PetroleumBoth rose more than 2 %%;Cordelen Mining、Hecla MiningBoth were up more than 4%.
The following is the globalmarketSummary of important information:
▎Global macro
US inflation may start to heat up in February, but can become very high in May
February US Consumers Announced at 9:30 PM on Wednesday night Beijing timepriceThe index (a measure of inflation) is expected to increase moderately. By May, the general consumer price index is converted to an annual rate.GrowthIt may be twice as much as in February. The debate in the market is whether this boom wave is likeInlandWhat Chu and many economists say is temporary and the beginning of a larger trend. “An important question we must ask ourselves is whether the high levels of temperature that we are about to see will continue.”BarclaysBankSaid senior American economist Blerina Uruci. She said, “I may have different ideas from some people, but some people have the opposite idea.”
Bank of Korea home loans exceeded 1,000 trillion won for the first time
KoreaBankLoans to households reached 1 trillion ($ 877 billion) for the first time in history, a milestone that shows that the country’s economy is increasingly dependent on debt. According to data released by the Bank of Korea, total loans in Korea in February increased by 6.7 trillion won from the previous month, reaching 1,003 trillion won, mainly due to demand for funds from tenants. .In the past year, helping to combat the epidemic lowinterest ratePromoted South Koreahouse priceIncrease, increase in household debt The Bank of Koreareal estateBubbles and rising debt risks are the key to your unwillingness tointerest rateReasons for the downward adjustment from the current historical low of 0.5%.
Bank of Australia Chairman: Interest rates will remain at historically low levels for years to come
Bank of AustraliaPresidentLowe today refutes market rumors about interest rate hikes and reiterated that the central bank will hold them until 2024.interest rateNo changes to achieveFull employment。
Lowe emphasized that even with the recent strong economic data, the economy is still far from being able to function at full capacity, and the central bank will maintain stimulus to the economy for as long as possible if necessary.badgepolitics.
EU governments support legal action against the UK
According to a Financial Times report, EU countries support Brussels’ unilateral relief from the impact of Brexit in Northern Ireland.businessA plan that affects the decision to take legal action.meetingA diplomat from said the plan could be launched within days. One of the steps in this plan is to initiate a formal “infringement claim” against the United Kingdom, which may lead to the final judgment of the case by the European Court of Justice. Brussels has established the legal basis for granting jurisdiction to the Court of Justice of the European Union in the Brexit Agreement, although the powers of the court are limited to violations of EU law. If Britain refuses to comply with the court’s ruling in this dispute, it will face trade fines or penalties.
Morgan Stanley expects the US economy to return to pre-epidemic levels in late March, inflation rate will skyrocket to 2.6%
Morgan stanleyBy the end of this quarter, the US economy is expected to rebound to its pre-epidemic level. But a faster recovery will come at a price: rising prices for rents, medicines, and essentials will push the inflation rate to 2.6% in April and May this year, back to 2.3 % by the end of this year. Until 2022, the inflation rate will remain at a relatively high level. The bank expectsInlandThe reserve will begin to shrink in January next year.Capital reductionHowever, monetary policy is unlikely to tighten substantially before 2023.
▎US stocks in focus
“New Debt King” Gundlach: US equities may crash, optimistic about long-term trend in commodities and US dollar
DoubleLine Capital CEO and “new debt king” Gundlach hosted a webcast expecting stocks to fall and reiterated the recent “out-of-control inflation” warning issued by the “big bear” Michael Bury.
Gundlach said: I thinkInlandNot only is the Fed not concerned about rising inflation, but it also welcomes rising inflation, because negative interest rates will make the federal debt easier to manage. He said he is optimistic about the higher partProductThe long-term trend of the US dollar is also very optimistic.
China Industrial Stock Macro: The Impact of US Bond Interest Rate Trends on Fiscal “Grain Surplus”
February United StatesworkStrong market data performed well, once again pushing the 10-year US Treasury yield to rise rapidly. In this article, we are trying to analyze the current supply and demand situation for US bonds in order to provide some reference for subsequent trends in US bonds.
What the US Treasury is reflecting: The increase in US Treasury interest rates in late February was primarily due toReal interest ratehandle.
▎US stocksthe company
TSMC February sales of NT $ 106.53 billion increased 14% YoY
Titanium Media News on March 10TSMCPublish the income report for February 2021. FebruaryTSMCConsolidated revenue (sales) is approximately Taiwanese $ 106,534 million, a decrease of 15.9% from the previous month, but stillYear with yearA 14% increase is that the capital’s income exceeded 100 billion in February, a record from the same period last year.
at the same time,TSMCFrom January to February 2021, the total accumulated revenue is approximately 233,283 million Taiwan dollars, an increase of 18.4% over the 197,078 million in the same period last year.
Apple Announces It Will Produce iPhone 12 Series Products In India
News at noon on March 10 Beijing time, in the past five years,AppleThe company has been preparing to build manufacturing in Indiasupply chain. right now,AppleAnnounced that it will produce the iPhone 12 series in Indiaproduct, For local sales.
AppleHe said in a statement: “We are proud to be a localclientIPhone 12 production. Apple is committed to making the best products and services in the world to please our customers. “
China’s concept stocks accelerate their return to Baidu via the Hong Kong Stock Exchange upon hearing the Autohome listing next week.
The return of Chinese concept stocks is accelerating. According to a document from the Hong Kong Stock Exchange on the 9th,BaiduThe listing hearing on the Hong Kong Stock Exchange has passed. Encouraged by this news,BaiduUS stocks were up 13.6% on the 9th.Car homeOn the 10th, it also announced the issue price of 176.3 Hong Kong dollars, and the company expects to go public on March 15.
BeforeBaiduHe announced that the 1:80 share split plan will go into effect on March 1. Under the division plan, each Baidu common share will be divided into 80 shares. Following this split, the percentage of Baidu Class A common shares represented by each US Depository Share (ADS) has been changed to 8 Class A common shares for each ADS share.
Apple rumored to significantly reduce production of iPhone 12 mini
According to Nikkei News, according to people familiar with the matter, Apple plans to significantly reduce production of mini iPhone 12s in the first half of this year as an adjustment to the production plan formulated late last year.
According to the news, Apple will cut all mobile phone orders by about 20% compared to the previous year’s plan, most of which come from the aforementioned mobile phone models.
(Article source:Oriental wealthResearch 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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