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Top 20 of US stock turnover on September 27: Musk says Chinese automakers are the most competitive in the world
U. S. stocks closed mixed on Monday. The rise in US bond yields has put pressure on large technology stocks. Investors continue to pay attention to the possibility of a shutdown of the US federal government. The president of the New York Fed says bond purchases may have to be scaled back soon. The president of the Chicago Fed is expected to raise interest rates for the first time in 2023. The Dow rose 71.37 points, or 0.21%, to 34869.37; the Nasdaq fell 77.73 points, or 0.52%, to 14969.97; and the Standard & Poor's 500 Index fell 12.37 points, or 0.28%, to 4443.11. The yield on the 10-year Treasury note broke through the 1.5% mark on Monday, a record high in June.
Us WTI crude closed 2.9% higher on Tuesday and rose for the second day in a row.
Crude oil futures rose for the second trading day in a row on Tuesday in the early morning of Beijing time, closing at their highest level in more than a week. It is reported that China has reported zero new confirmed cases of COVID-19 for the first time since July, allaying fears that the Delta variant will lead to a drop in energy demand. Edward Moya, senior market analyst at Oanda, said: "the headlines show that some countries have dealt with the Delta strain much better and the rebound in oil prices will only continue." Traders are still waiting for the release of the American Petroleum Association (API) on Tuesday night and the U.S. Energy Information Administration (EIA) on Wednesday morning.
The shortage of chips is bound to intensify due to the impact of the epidemic in Malaysia.
The number of COVID-19 cases in Malaysia is surging, potentially exacerbating shortages of semiconductors and other components that have plagued carmakers for months. Historically, the Southeast Asian country has not been as important to the technology supply chain as South Korea or Japan. But in recent years, Malaysia has emerged as an important center for chip testing and packaging, with Infineon, NXP and STMicroelectronics all setting up factories in the country. At present, the epidemic in the country is heating up sharply, endangering plans to lift the blockade and resume full capacity production. The seven-day average of new cases per day has exceeded 20,000, while at the end of June
Us consumer confidence fell sharply in August, hitting its lowest level since 2011
Us consumer confidence fell to its lowest level in nearly a decade in early August as concerns about the economic outlook, inflation and the recent surge in COVID-19 cases intensified. Data released on Friday showed that the initial index of consumer confidence at the University of Michigan fell 11:00 to 70.2, the lowest since December 2011. That is well below the estimates of all economists surveyed by Bloomberg. If consumers then rein in spending, the decline in confidence could lead to an even more pronounced slowdown in economic growth in the coming months. The recent deterioration in consumer confidence highlights rising prices and concerns about the potential economic impact of the Delta variant virus.
Traders are betting that the Fed will not raise interest rates at all
Treasury yields are rising amid optimism about the global economic recovery. But there has been a sell-off in the Eurodollar options market, with investors betting that the Fed will not raise interest rates at all. Traders have been busy this week snapping up Eurodollar futures call options, the subject of which expire in March 2025, betting on futures contracts where the London interbank offered rate (Libor) remains below 0.5 per cent. These futures and options will pay off if the Fed keeps its benchmark interest rate low until then. At present, the futures market expects that by the first quarter of 2025, L
Pinduoduo's decline extended to more than 10%, falling below $120
Pinduoduo (PDD.O) extended its decline to 10.52% to $119.71. The Shanghai Municipal Consumer Insurance Commission interviewed Pinduoduo this afternoon (10th) and pointed out Pinduoduo's outstanding problems in protecting consumer rights and interests. Pinduoduo's main problems: first, product quality issues; second, counterfeiting and infringement; third, forced order cancellations; fourth, false delivery; fifth, after-sales service issues; and sixth, bargains.
