$Apple (AAPL.US)$ Early trading of US stocks | The risk of a...
$Apple(AAPL.US$ Early trading of US stocks | The risk of a US government shutdown has resurfaced, and the three major indices have declined slightly; most star technology stocks and Chinese securities have weakened, and Shell has fallen more than 3%
Global Market Report· 36 minutes ago 2 minutes
Tesla (TSLA.US)
245.420
-0.64%
seashells (BEKE.US)
14.984
-3.52%
Nasdaq Composite Index (.IXIC.US)
13114.880
-1.18%
S&P 500 Index (.SPX.US)
4290.790
-1.08%
Microsoft (MSFT.US)
312.255
-1.66%
On the evening of the 26th, Beijing time, US stocks opened lower on Tuesday. The 10-year Treasury yield remained at its highest level since 2007. The selling pressure of risky assets continues to sweep through the European and American stock markets, and the market continues to pay attention to the risk of a general strike by auto workers and a US government shutdown.
As of press release, the three major indices have declined slightly, with the S&P 500 down 0.61%, the NASDAQ down 0.6%, and the Dow down 0.46%.
Analysts believe that the continued slump in US stocks is mainly due to Fed officials warning that interest rate cuts will be small next year. This is also one of the reasons why US bond yields have been rising over the past few days.
Yesterday, Minneapolis Federal Reserve Chairman Kashkari stated, “If the economy is fundamentally much stronger than we realise, then this will tell me that interest rates may have to be raised slightly more and then maintained at a higher level for a longer period of time to cool down the economy.”
J.P. Morgan CEO Jamie Dimon said that for the Federal Reserve's benchmark interest rate, the worst case scenario was a rise to 7% and stagflation occurred. Damon believes that going from 5% to 7% of 200 basis points would be more painful than going from 3% to 5%, and he's not sure if the world is ready for 7%.
However, compared to the Fed's monetary tightening policy, there is a more urgent risk in financial markets — the US government “shutdown” crisis is imminent. There is less than a week left until the start of the new US fiscal year on October 1, and the two parties in Congress have yet to agree on a new budget round.
Moody's ratings agency has warned that if the US government shuts down, America's highest credit rating may not be guaranteed. Moody's is currently the only major credit rating agency to give the US the highest credit rating.
Featured stocks
Star technology stocks weakened, with Meta, Amazon, US Ultra Micro, and Google falling more than 1%, and Tesla and Apple falling close to 1%.
Most popular Chinese securities declined, with Shell falling more than 3%, Pinduoduo and JD falling nearly 2%, TSMC falling more than 1%, and NIO and Xiaopeng Motors falling about 1%.
$seashell (BEKE.US) $It fell by more than 3%. According to the news, Chainjia has adjusted the collection method and standard for second-hand housing transaction service fees in Beijing, and has progressed in an orderly manner recently.
$Tesla (TSLA.US) $It fell close to 1%, and the report said that the EU countervailing investigation may include Tesla.
Global Market Report· 36 minutes ago 2 minutes
Tesla (TSLA.US)
245.420
-0.64%
seashells (BEKE.US)
14.984
-3.52%
Nasdaq Composite Index (.IXIC.US)
13114.880
-1.18%
S&P 500 Index (.SPX.US)
4290.790
-1.08%
Microsoft (MSFT.US)
312.255
-1.66%
On the evening of the 26th, Beijing time, US stocks opened lower on Tuesday. The 10-year Treasury yield remained at its highest level since 2007. The selling pressure of risky assets continues to sweep through the European and American stock markets, and the market continues to pay attention to the risk of a general strike by auto workers and a US government shutdown.
As of press release, the three major indices have declined slightly, with the S&P 500 down 0.61%, the NASDAQ down 0.6%, and the Dow down 0.46%.
Analysts believe that the continued slump in US stocks is mainly due to Fed officials warning that interest rate cuts will be small next year. This is also one of the reasons why US bond yields have been rising over the past few days.
Yesterday, Minneapolis Federal Reserve Chairman Kashkari stated, “If the economy is fundamentally much stronger than we realise, then this will tell me that interest rates may have to be raised slightly more and then maintained at a higher level for a longer period of time to cool down the economy.”
J.P. Morgan CEO Jamie Dimon said that for the Federal Reserve's benchmark interest rate, the worst case scenario was a rise to 7% and stagflation occurred. Damon believes that going from 5% to 7% of 200 basis points would be more painful than going from 3% to 5%, and he's not sure if the world is ready for 7%.
However, compared to the Fed's monetary tightening policy, there is a more urgent risk in financial markets — the US government “shutdown” crisis is imminent. There is less than a week left until the start of the new US fiscal year on October 1, and the two parties in Congress have yet to agree on a new budget round.
Moody's ratings agency has warned that if the US government shuts down, America's highest credit rating may not be guaranteed. Moody's is currently the only major credit rating agency to give the US the highest credit rating.
Featured stocks
Star technology stocks weakened, with Meta, Amazon, US Ultra Micro, and Google falling more than 1%, and Tesla and Apple falling close to 1%.
Most popular Chinese securities declined, with Shell falling more than 3%, Pinduoduo and JD falling nearly 2%, TSMC falling more than 1%, and NIO and Xiaopeng Motors falling about 1%.
$seashell (BEKE.US) $It fell by more than 3%. According to the news, Chainjia has adjusted the collection method and standard for second-hand housing transaction service fees in Beijing, and has progressed in an orderly manner recently.
$Tesla (TSLA.US) $It fell close to 1%, and the report said that the EU countervailing investigation may include Tesla.
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