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On January 27, the financial.com community reported that investors focused on corporate earnings and the prospects for a new round of stimulus plans, as they awaited the Federal Reserve’s monetary policy decision. US equities opened higher and collectively fell and closed; the anti-epidemic concept and the charging pile sector increased; the gaming station once again The market value soared by more than 90% and then broke 10 billion. Baozun e-commerce increased by more than 35% due to the subscription of iClick shares; Wuxin Technology fell by more than 16%.
At the close, the Dow Jones Index fell 22.96 points, or 0.07%, to 30,937.04 points; the S&P 500 Index fell 5.06 points, or 0.13% to 3,850.30 points; The Nasdaq Composite Index fell 9.93 points, or 0.07%, to 13,626.07 points.
On Tuesday, the German DAX30 index closed up 226.55 points, or 1.66%, at 13,870.50 points; Britain’s FTSE 100 index closed up 13.71 points, or 0.21%, at 6652.56 points; France’s CAC40 index closed up 51.16 points, or 0.94%, at 5,523.52 points. The Stoxx Europe 50 Index closed 39.31 points, or 1.11%, higher at 3,592.45 points; the IBEX35 index for Spain closed with a rise of 61.70 points, or 0.78%, to 7959.00 points; Italy’s FTSE MIB index closed up 255.55 points, or 1.18%, to record 21,991.50 points.
Gold futures prices posted a fourth straight decline on Tuesday, the longest continuous decline in more than eight months. On Tuesday, the price of gold futures for February delivery on the New York Mercantile Exchange fell $ 4.30, or 0.2%, to settle at $ 1,850.90 an ounce. So far, futures have closed for 4 consecutive business days, which is the longest consecutive period of decline since 5 consecutive business days were recorded on April 30, 2020. Silver futures for March delivery were up 5 cents, or 0.2% to close at $ 25.538 an ounce.
Crude futures prices were mixed on Tuesday, WTI crude in the United States closed lower and Brent crude in London closed slightly higher. Investors are weighing supply risk and the demand outlook for the crude oil market. The price of West Texas Intermediate Crude Oil (WTI) for March delivery on the New York Mercantile Exchange fell 16 cents, or 0.3%, to close at $ 52.61 a barrel. The price of Brent crude futures for March delivery on the London Intercontinental Exchange rose 3 cents, or nearly 0.1%, to close at $ 55.91 a barrel.
Biden is willing to negotiate a bailout bill to seek Republican support
The president of the United States, Joe Biden, declared that he is willing to adjust his epidemic aid plan of 1.9 trillion dollars because the government hopes to reach a bipartisan agreement, but does not rule out the possibility of trying to approve the project of law only through the Democratic Party. “I am willing to negotiate,” Biden told a news conference Monday. But he also noted: “Time is of the essence, and I must tell you that I am not willing to pick and choose one or two things.”
Biden said this process has just begun. Just a day ago, White House officials held a conference call with 16 bipartisan senators and leaders of a centrist group in the House of Representatives to discuss the stimulus plan. Republicans believe the $ 900 billion bailout bill was introduced last month, and now considering a new round of the stimulus plan is too quick and too big. Even some Democrats questioned the size of the bill.
“I don’t expect it to be at the last minute. We don’t know if we can come to an agreement or to what extent the whole plan can be approved or not; this may take a few weeks,” Biden said. Senate Majority Leader Chuck Schumer said Monday that he will work to pass a new round of bailouts no later than mid-March, when unemployment relief measures in the previous round of bills will expire. law.
Yellen was confirmed by the Senate as the first Secretary of the Treasury of the United States.
Janet Yellen was confirmed by the United States Senate as the 78th Secretary of the Treasury of the United States, managing the American economy that continues to be plagued by the new corona epidemic. She is the first female Secretary of the Treasury in the United States. The Senate voted 84-15 on Monday to approve Yellen’s appointment, making her the first candidate to be confirmed in Biden’s cabinet. According to people familiar with the matter, she will be sworn in at the Treasury Department later on Tuesday, becoming the second person in US history to serve as chair of the Federal Reserve and secretary of the Treasury.
Yellen, 74, is also the first head of the Federal Reserve. It is responsible for the withdrawal of the monetary stimulus measures after the last economic recession and a slow recovery. She resigned in early 2018. Now, as the top economic official in the Democratic government, she has returned to fighting the crisis. Yellen’s top priority will be tapping into the economic recovery as the new crown epidemic worsens and helping promote Biden’s $ 1.9 trillion stimulus plan boycotted by Republicans.
Tim Adams, who served as undersecretary of the Treasury in the Bush administration and is now the director of the International Finance Association (IIF), said: “The symbolism and professionalism that Yellen brings and his decades of experience in Washington will help Biden La economic agenda brings immediate credibility. Yellen will be the main pillar of the Biden economic team. “
United States Confirms First Case of New Mutated Coronavirus Infection Found in Brazil
In terms of the epidemic, US health and medical officials continue to issue warnings to the public about the new variant of the novel coronavirus. Moderna said Monday that its vaccine provides protection against the mutant virus found in South Africa, while Minnesota reported: the first American case of the mutant virus found in Brazil. The dire situation of the new coronavirus epidemic may lead to stricter lockdown restrictions, the emergence of new and different variants of the coronavirus, the growing fear of vaccine supply shortages and the chaotic vaccination process. Investors fear the epidemic will cause long-term economic damage.
The possibility that the supply of new corona vaccine will be less than expected is increasingly evident. The European Union Health Minister warned late Monday that he would ban the export of vaccines from the European Union and said AstraZeneca had stated that “the supply of vaccines in the coming weeks will be much less than the agreed quantity.”
Does Biden stimulate up to $ 1.9 trillion? JPMorgan Chase believes only $ 900 billion
Biden’s long-awaited stimulus plan in the US stock market may not be as big as previously expected. JPMorgan Chase believes that the final version of the stimulus package may be only $ 900 billion.
JPMorgan Chase stated that the current priorities of the United States Congress are primarily Biden’s cabinet approval and Trump’s impeachment proposal. The impeachment proposal for Trump has been presented to the Senate. With reference to the impeachment schedule above, Biden’s stimulus bill is unlikely to be considered in Congress any time soon.
IMF: Increase global growth rate in 2021 to 5.5%, China’s recovery leads the world
The International Monetary Fund (IMF) once again raised its forecast for global economic growth and predicts that the global economic growth rate will be 5.5% in 2021, an increase of 0.3 percentage points from its October estimate. from last year. The IMF also predicts that there will be a big divergence in the recovery process of various countries. China’s recovery is leading among all the world’s major economies, and has taken the initiative to return to the growth rate forecast before the epidemic in the fourth quarter. 2020.
Playstation: retail investors and Wall Street short-selling agencies collide fiercely
Recently, rival retail investors and Wall Street short sellers have fought a fierce battle over the three stocks that have been shorted on Game Station, BlackBerry and Express. Most of the participating retail investors rely on the r / wallstreetbets section of Reddit, a popular foreign forum. At present, the gaming station is still very short, and its share price rally has drawn more professional investors to take part in this battle, against the retail investors who dominated the market last year.
BlackBerry announces expansion of its partnership with Baidu
According to media reports, BlackBerry announced that it will expand its partnership with Baidu to promote the next generation of autonomous driving technology. This is a deeper cooperation since the company reached a strategic partnership with Baidu since 2018.
Apple is about to announce its results and many investment banks maintain an overweight rating.
JPMorgan Chase analyst Samik Chatterjee released a research report and noted that thanks to the number of first-time users of the iPhone 5G and large sales of the iPad and Mac series driven by domestic measures, Apple is expected to announce the first revenue that exceed $ 100 billion in this quarter Performance Report. The analyst reiterated his overweight rating on Apple with a price target of $ 150. In addition, Evercore ISI analyst Amit Daryanani raised Apple’s price target from $ 145 to $ 160, maintaining an overweight rating.
AMD’s fourth-quarter revenue topped $ 3 billion for the first time, and net profit increased 948% year-over-year.
AMD reported fourth-quarter net income of $ 1.78 billion, or $ 1.45 per share, compared to $ 170 million in the same period last year, or 15 cents a share. After adjusting for compensation based on shares and other factors, the chip company reported earnings per share of 52 cents, compared with 32 cents a share in the same period last year. Revenues increased from US $ 2.13 billion in the same period last year to US $ 3.24 billion. Analysts surveyed by FactSet had previously expected adjusted earnings per share of $ 0.47 and revenue of $ 3.03 billion.
Source: Financial World NetworkReturn to Sohu to see more
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