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US stocks were mixed on Monday (30). The Dow Jones Industrial Average fell more than 200 points or 0.7%, the S&P 500 fell 0.2%, and the Nasdaq and Fiscal were slightly up 0.1 and 0.6%, respectively. Low, the Dow Jones Index is still moving toward its biggest monthly rise since 1987.
Energy, industrial and financial stocks rotated this month to bring the Dow Jones industrial index to a record high, and it is expected to post the largest monthly increase since 1987.
According to data from Johns Hopkins University, the number of new confirmed cases and 829 new deaths in the United States on Sunday (29) reached 13.39 million, and the cumulative number of deaths reached 267,000. The number of confirmed cases exceeds 4 million, which is double the previous month.
As the number of hospitalizations for coronary pneumonia hit a new record after Thanksgiving, American infectious disease expert Anthony Fauci warned that the number of infections could increase in the coming weeks and restrictions on social distancing don’t relax before Christmas.
In terms of vaccine news, Moderna (MRNA-US) announced the latest test results on Monday that the effectiveness of the vaccine reached 94.1%, and announced that it would submit an Emergency Use Authorization Application (EUA) to US and EU drug regulatory authorities. Moderna jumped 16% at the opening.
In addition, the sales performance of Cyber Monday (Cyber Monday) will also attract the attention of the market. Adobe Analytics predicts that this year’s Cyber Monday is expected to set the largest sales record in history, with consumer spending estimated to fall between $ 10.8 billion and $ 12.7 billion, an increase. 15% to 35% compared to last year.
In the energy market, the fall in international oil prices converged after the opening. Brent crude futures fell slightly 0.58% to $ 47.90 a barrel. West Texas Intermediate Crude Futures (WTI) fell 0.02% to $ 45.52 a barrel.
The Organization of the Petroleum Exporting Countries and other oil-producing countries (OPEC +) held a two-day meeting today to discuss oil production policies in 2021. Overall, the market expects OPEC + to extend its cut measures production through 2021 due to rising infections and a travel ban, which will help boost oil prices.
The uncertainty in the policy of production cuts dragged oil giants like Chevron (CVX), Occidental Petroleum (OXY-US) and ConocoPhillips (COP-US) to a fall of more than 1% to 2% in the first operations.
Starting Monday (30) 22:00 Taipei time:
- The Dow Jones Index fell 207.46 points or -0.69%, temporarily reporting 29,702.91 points.
- Nasdaq rose 17.30 points, or 0.14%, to 12,223.15 points temporarily.
- The S&P 500 Index fell 8.52 points or -0.23%, temporarily to 3,629.83 points
- Commissions and media rose 14.46 points or 0.55%, temporarily reported at 2,466.02 points
- TSMC ADR fell 0.98% to US $ 97.77 per share
- Yield on 10-year US Treasuries increased to 0.846%
- New York light crude fell 0.02% to $ 45.52 a barrel
- Brent crude fell 0.58% to $ 47.90 a barrel
- Gold fell 0.78% to $ 1,774.20 an ounce
- The dollar index fell 0.28% to 91.54 points
Focus actions:
Moderna (MRNA-US) was up 16.82% to $ 148.40 in early trading.
Moderna published the latest test analysis showing that the potential efficacy of the vaccine reached 94.1% and the success rate in preventing serious diseases reached 100%. The company plans to submit an emergency use authorization request (EUA) to the US and EU drug regulatory agencies on Monday (30).
IHS Markit (INFO-US) was up 6.41% in early trading to $ 98.51; S&P Global (SPGI-US) rose 1% to $ 345.
S&P Global (S&P Global) agreed on Monday (30) to acquire IHS Markit for $ 44 billion, leading to the world’s largest acquisition this year.
Under the merger agreement, IHS Markit shareholders will receive 0.2838 S&P Global shares per share, S&P Global shareholders will own approximately 67.75% of the combined company’s shares, and IHS Markit shareholders will receive approximately 32 , 25 shares. The acquisition transaction also includes a debt of 4.8 billion dollars.
Tesla (TSLA-US) rose 2.82% to $ 602.30 in early trading.
The Ministry of Industry and Information Technology of China announced that Tesla, a major manufacturer of electric vehicles, has obtained a sales permit and will be able to sell the SUV “Model Y” manufactured in Shanghai in China.
Daily key economic data:
- At 10:45 p.m. Taipei time, the Chicago PMI for November will be announced, which is expected to be 59.2 and 61.1 earlier.
- The Dallas Fed Manufacturing Activity Index will be announced at 11:30 p.m. Taipei time, with an expected value of 14.5 and a previous value of 19.8.
Wall Street Analysis:
Trevor Greetham, head of multiple assets at Royal London Asset Management, noted that equity risk in the coming months will come from the retail frenzy. However, he still believes that the recovery in economic activity will continue to drive the share price in 2021.
Peter Rosenstreich, head of marketing strategy at Swissquote Bank, said: “After being spurred on by vaccine news in recent weeks, I suspect investors have become cautious. As the vaccine brings the epidemic to its final stage , This is good news”.
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