Three major US stock indexes rose slightly, Powell said economic expansion is far from complete



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Summary

On Tuesday ET, the three major US stock indices rose slightly. At press time, the Dow was up 0.38%, the Nasdaq was up 0.13% and the S&P 500 was up 0.29%. In the news, Fed Chairman Powell stated at the annual online meeting of the National Association for Business Economics: The risk of excess aid is less than the risk of no aid; the outlook for the US economy is extremely uncertain and economic expansion is far from complete.


On Tuesday ET, the three major US stock indices rose slightly. At press time, the Dow was up 0.38%, the Nasdaq was up 0.13% and the S&P 500 was up 0.29%. In the news,InlandPresident Powell in the United StatesdealThe Economic Association’s annual online meeting stated that the risk of too much aid is less than the risk of not enough aid; America’s economic prospects are extremely uncertain and economic expansion is far from complete.

The following is a summary of important information in the global market:

  Global macro

The EU will continue to relax its budgetary restrictions in 2021 to support economic recovery

European Commissioner Gentiloni, who is in charge of economic affairs, said in Brussels on the 5th that the European Union will continue to relax its restrictions on member state budgets in 2021 to help countries respond to the challenges of the epidemic. and better recover national economies. This move will continue throughout 2021, and EU fiscal policy will continue to support economic recovery next year, whether in the euro zone or in individual member states.

For the first time in 3 years! Land prices in Japan have fallen due to the epidemic, and Ginza, the “king of the land, can not stand

Japan landtrafficThe province’s latest benchmark land price programs, including residential, commercial, andindustryLand and other purposeslandaveragepriceIt was 0.6% less than in the same period in 2019, the first drop in 3 years. Japan’s Ministry of Land, Infrastructure, Transportation and Tourism reached the above conclusion after investigating 21,519 sites in 47 prefectures. 60.1% of those surveyed said that the price has dropped compared to previous years.

Australia keeps interest rates unchanged at 0.25% in line with expectations

Reserve Bank of Australia announces maintaining indicatorsinterest rateThe all-time low of 0.25% was unchanged, in line with market expectations Philip Lowe, Governor of the Bank of Australia, incoinThe policy statement indicated that, given the economic outlook and highunemploymentSupport from fiscal and monetary policy is expected to remain necessary for some time. He also pointed to AustraliaPublic sectorYou are in good financial standing and can continue to provide support.

  US stocks in focus

US stocks face many short-term uncertainties, and low interest rates have led to not-so-high valuations of tech stocks.

Recently, US stocks have undergone significant adjustments, asGlobal Stock MarketThe Spotlight Center’s follow trend has caught the market’s attention. US Hedges Special Invited in This Issuefund companyLu Guotao, an investment manager at Greiphyn Heights Asset Management LP, said that US stocks face a lot of uncertainties going forward. There is also room for a downward adjustment from tech stocks that have soared in the prior period. However, due to the current lowinterest rateThe environment means that the valuation of technology stocks is not as high as it seems.

US stocks create a favorable head and shoulders pattern

US stocks were up last night, with the Dow rising 1.68% and the Nasdaq rising 2.32%, mostly in the hopes that the US Congress will soon reach an agreement on a new round of plan. rescue. The US dollar weakened and the price of gold rose above $ 1,900. On the chart, the Dow and Nasdaq formed a negative “head and shoulders” pattern from August to September, but bounced above the neckline in late September. Instead, they have created a positive “head and shoulders bottom” and are challenging cleavage. If it rises, it is expected to confirm that the adjustment started at the end of August is over and try again to a new high.

  US stocksthe company

The heaviest in 20 years! Trump is about to attack the trillion dollar giant!

It was recently reported that after nearly 16 months of investigations into Google, the US government will formally raise the issue this week.AntitrustLitigation, this move may become the biggest againstmonopolyIn the past, the EU had alreadyMonopoly behaviorAnd data privacy issues have imposed a billions of euros fine on Google.

“Folding America” ​​under the epidemic: the wealth of the richest man in the world exceeds 1.5 trillion, but about 20,000 employees are infected with the new crown

October 1, local time, United StatesAmazonThe company disclosed for the first time the situation of employees infected with a new coronary pneumonia The results showed that about 20,000 American employees were infected, representing 1.44%. At the same time, another report of injuries related to work revealedAmazonMore safety hazards in the workplace.

Coca-Cola to cut more than half of its brands or stop producing Zico brand coconut water

According to media reports,CokeThe company will stop producing its coconut waterBrandZico, and consider canceling some less popular onesCokeAnd the Diet Coke type of drink. In response to the epidemic, the company is drastically reducing the number of brands. According to the report,CokeThere are 500 wholly or partially owned brands around the world. Previously, Coca-Cola had stated that it planned to reduce the number of brands by more than half.

Alibaba’s official website updates the leadership team page. Jack Ma is removed from the list of board members.

Sixth news,AlibabaOfficial website of the group “Leaderteam“The column is updated and Jack Ma has been removed from the list of board members.AlibabaPublished on the Hong Kong Stock Exchange on September 30adHe said that on the day of the announcement,AlibabaThe board of directors includes directors Zhang Yong (chairman of the board), Cai Chongxin, Wu Wei, Michael Evans,Jing XiandongAnd Kabir Misra; and independent directors Tung Chee Hwa, Guo Deming, Yang Zhiyuan, Brje Ekholm and Wan Ling Martello.

Bilibili is said to have contracted with a bank for secondary listing in Hong Kong.

According to IFR, a media owned by Reuters,BilibiliFor Hong KongSecondary listingrentalBank

(Article source:Oriental wealthResearch Center)

(Editor in charge: DF353)

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