[ad_1]
United States President Trump said at a press conference on Monday (13) that the number of new cases in the United States has gradually stabilized. Additionally, New York, New Jersey, Michigan and Louisiana, where the epidemic is most severe, have been hospitalized. It also shows a slowing trend, demonstrating that government anti-epidemic measures have achieved obvious results.
The news of the slowdown in the epidemic has increased investor confidence. On Tuesday (14), all four US stock indices opened. And the Dow Jones Index rose more than 400 points. Additionally, by benefiting from better-than-expected financial performance, the Jiaosheng (JNJ-US) share price rose 3.32% at the open. TSMC’s ADR increased by 2.56%.
Wuhan pneumonia epidemic
According to Johns Hopkins University data, there are currently more than 1.9 million confirmed cases worldwide, and more than 582,000 confirmed cases in the United States.
As the European epidemic slowed, both Italy and Spain announced that they would gradually open up economic activities. French President Emmanuel Macron said on Tuesday (14) that, although the French epidemic situation has stabilized, it is still necessary to continue taking strict measures to prevent epidemics and announced the extension of the closure period until May 11. Day.
In addition, Indian Prime Minister Narendra Modi also announced on Tuesday (14) that he would extend India’s period of national blockade until May 3.
As of Tuesday, Taipei (14) at 22 o’clock:
- The Dow Jones index rose 473.03 points or 2.02%, temporarily reported 23863.80 points
- Nasdaq rose 165.16 points or 2.02%, temporarily reported 8357.58 points
- S&P 500 rose 49.77 points or 1.80%, temporarily reported at 2811.40 points
- Rates increased half by 36.33 points or 2.21%, temporarily reported at 1659.51 points
- TSMC’s ADR rose 2.56% to $ 50.01 per share
- The performance of the US Treasury. USA At 10 years it fell to 0.747%
- New York light crude fell 4.64% to $ 21.37 a barrel
- Brent crude fell 2.33% to US $ 31.00 per barrel
- Gold rose 0.45% to $ 1,769.40 per ounce
- The US dollar index fell 0.22% to 99,118 points
Focus actions:
JPMorgan Chase (JPM-US)
JPMorgan Chase rose 2.49% in early trade to hit $ 100.69.
JPMorgan Chase announced the financial results for the first quarter of fiscal year 2020 on Tuesday (14). The company’s revenue growth rate fell 3% in the first quarter to $ 29.07 billion, while earnings fell 69% to 28.7. For $ 100 million, earnings per share for the first quarter were reported at $ 0.78, which was lower than Wall Street analyst estimates of $ 1.84.
Due to the spread of the epidemic, the profitability of bankers has been seriously affected. Objects in JP Morgan’s loan business, including the energy, real estate, and retail businesses, are at risk of being unable to pay their debts. Thus, JP Morgan increased $ 6.8 billion in bad debt. The reserve is the main reason for the sudden decline in first quarter earnings.
Jason (JNJ-USA)
Jiaosheng rose 3.32% in early trading to hit $ 144.61.
Jiao Sheng announced the financial results for the first quarter of fiscal year 2020 on Tuesday (14). Both revenue and profit were better than Wall Street analyst estimates. Jiaosu’s first-quarter revenue was $ 20.7 billion, which was greater than the estimated market value of $ 19.47 billion, and earnings per share were reported at $ 2.30, which was higher than the estimated value. from the $ 2 market. The company also increased dividend payments by 6.3%, from $ 0.95 per share to $ 1.01.
Affected by the epidemic, Jiaosheng lowered its full-year earnings forecast for 2020, from $ 8.95 to $ 9.10 per share, to $ 7.50 to $ 7.90 per share.
Wells Fargo Bank (WFC-USA)
Wells Fargo Bank rose 1.97% in early trading to hit $ 32.08.
Wells Fargo announced the financial report for the first quarter of fiscal year 2020 on Tuesday (14). Due to the increased risk of debt default in the lending business caused by the epidemic, the company increased the provision of bad debt reserves of $ 3.1 billion. First-quarter profit is significantly less than Wall Street analyst estimates. A
Wells Fargo’s first-quarter revenue was $ 17.717 billion, which was below the estimated market value of $ 19.284 billion, and earnings per share only reached $ 0.01, which was below the value market estimate of US $ 0.33.
Key economic data for today:
None
Wall Street Analysis:
Goldman Sachs group chief economist Jan Hatzius said investors are generally optimistic about the outlook for the financial market. The initial boost in market confidence came mainly from the blessing of government stimulus policies, while the current optimism came mainly from the news of the slowdown in the epidemic.
Although US stocks have recovered from a low of 26%, Mark Mobius, known as the “Godfather of emerging markets,” said that measures taken by various countries to close the country and lock it up have had an impact on the economy, and the long-term shutdown has caused The amount of damage is also unimaginable. Also, the US Stock Earning Season. USA It started this week. Judging by the income of publicly traded companies, US stocks. USA They may hit bottom again after a rally.
[ad_2]
