News on April 15th, last Friday, the three major indexes of the U.S. stocks fell more than 1%, and the S & P 500 declined in five months.The Federal Reserve ’s interest rate cuts in the first half of the year have been suppressed, and the geopolitical situation has been upgraded suddenly, plus some large US bank stock financial reports, and US stocks closed down for the second consecutive week.
【US stock index】
As of the closing of last Friday, the Dow has fallen by 2.37%throughout the week, the Nasda Index fell 0.45%, and the S & P 500 index fell 1.56%.
【Market Comment】
The March CPI data released last week was higher than expected, and the market’s expectations of the Fed’s start to cut interest rate cuts in the first half of the year were almost out of time.Earlier this year, traders are expected to have as many as 7 interest rate cuts in 2024.Now, it is more likely that there will be only one or two interest rate cuts. Some people even doubt whether the Fed will cut interest rates this year, causing the market to pressure the market.
For the first time in Iran’s history, Israel was directly attacked, which caused the sudden upgrade of the situation in the Middle East, which exacerbated market selling.However, after Iran launched a large -scale attack on Israel, the US President Biden discouraged the Israeli Prime Minister Neitaniah and not immediately responded against Iran.It is reported that many members of the Cabinet in Israel had agreed to fight back, but because Iran did not cause severe damage to Israel’s homeland, coupled with Neitanahu and Biden calls, the counterattack was canceled.
It is worth noting that because the time of Iran’s initiative is the weekend, the impact of this conflict on the global financial market will not ferment this Monday, and the situation in the Middle East will also be the focus of this week.
In addition, the US stock financial report season is also a major uncertain factor in the current market. After Morgan Chase announced the Q1 performance last week, the stock price fell by more than 6%.Although the bank’s revenue and profits exceed expectations, its annual net interest income outlook is slightly lower than analyst expectations.Morgan Chase CEO also warned that continuous inflation pressure is dragging the economy.
Zhou will have giants such as Goldman Sachs, Morgan Stanley, Bank of America, Asmore, TSMC, and Nafei, and investors are waiting.Varanasi Wealth Management
【A week of forward -looking】
【Popular US stocks】
Intel fell more than 5%, Intel CEO believes artificial intelligence helps to create unicorn companies.
【Global Index】
【Overseas Market India Index】
【Foreign Exchange Products】
Last Friday, under the dual support of the Federal Reserve ’s interest rate cuts, the US dollar index rose to the top 106, the US dollar index rose to the top 106, and then brushed a five -month high and recorded the largest weekly increase since September 2022.
In the early morning of the Asian market on Monday, due to the intensified situation of the Middle East on the weekend, the spot gold opened sharply on Monday, which once expanded to 1.2%, up to a maximum of 2370 US dollars per ounce, and now rose 0.6%to 2358 US dollars/ounce; silver rose 0.66 0.66%, $ 28.06/ounce.
Crude oil also caused market concerns due to geopolitical tensions, and the supply of supply was interrupted, and oil prices soared.WTI crude oil once rose 3%for a time. After touching the 87th point, it turned sharply, and it rose all of them within the day, and finally closed down 0.08%to $ 85.59/barrel; Brent crude oil closed up 0.03%to $ 90.48/barrel.
[The finishing touch]
Israel was attacked by Iran to prevent counterattack
For the first time Iran launched a missile and drone attack on Israel, the United States prevented Israel’s counterattack plan.Israeli cabinets have different strategies to respond to Iranian attacks. Byndon said that he did not support Israel’s counterattack and the United States would not participate in attacking Iran.The G7 Group considers to increase sanctions on Iran, and Iran said that if the United States takes military operations, it will fight back proportionally.
Fed officials stated that the interest rate reduction is high for a long time
Fed officials Gutsby, Schmidd, Bolstick, and Dali stated that if the PCE index expands again, it will be committed to stabilizing prices, and there are reasons that interest rates will maintain a high level for a long time.Bostek expects to cut interest rates by the end of 2024, and Dali believes that the current interest rate cut is not urgent.
Britain and the United States impose sanctions against Russia’s metal LME suspension of Russian metal warehouses
British and American countries impose sanctions on Russia’s metals, limiting copper, aluminum, and nickel transactions.The London Metal Exchange (LME) announced that it would suspend the issuance of warehouse orders for Russian metal produced after April 13, 2023.
Goldman Sachs is expected to be adjusted to $ 2,700/ounce
Goldman Sachs expected the gold price before the end of the year to $ 2,300 to $ 2,700/ounce, reflecting the market’s re -evaluation of gold value.
Tesla released ROBOTAXI on August 8?Experts say it is impossible
Tesla’s ROBOTAXI plan was questioned again in August. Analysts believe that in view of the complexity of technology, Tesla wants to achieve a complete autonomous driving for several years. There is no evidence to prove that FSD can achieve fully autonomous driving.Receive applications.
Musk will visit India and meet with Modi that Tesla will have speculation in India to invest in factories in India
Tesla CEO Musk is about to visit India and meet with Indian Prime Minister Modi, which has caused the outside world to invest in Tesla’s investment in this South Asian country, just to coincide with the Indian election.
Google introduced AI into football
Google’s DeepMind is planning to introduce AI into football and launch a new tool to help the coach make better tactical decisions.Kanpur Wealth Management
Biden started to the U.S. oil and gas industryKolkata Wealth Management!
Before the November election, Biden comprehensively cracked down on the oil and gas industry, and increased the franchise fees and costs of mining oil on the federal landGuoabong Investment. Oil and gas increased the company’s drilling costs or increased.
【Finance Calendar】
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