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盘前:道指期货涨0.5% 游戏股普跌

Before trading: Dow futures rose 0.5% and game stocks fell.

新浪財經 ·  Aug 3, 2021 08:22

Overall risk sentiment continued, stocks in Europe and the United States rose and US bond yields held steady. No major data will be released within the day.

As of press time, Dow futures are up 0.5%, S & P 500 futures are up 0.4%, and Nasdaq futures are up 0.2%.

The FTSE 100th index in the UK rose 0.4 per cent, Germany's DAX index rose 0.6 per cent and France's CAC-40 index rose 1.1 per cent.

The US dollar index was under pressure to lose the 92 mark, with non-US currencies leading gains in the Australian dollar and the New Zealand dollar.

Spot gold continued to fluctuate in a narrow range of $1810, the trading range continued to contract, with intraday fluctuations of no more than $10.

Strong corporate results in recent weeks have helped boost optimism, the stock market is likely to continue to rise, and investors say continued support from the central bank and still significant economic data will further support the stock market.

"the fairly strong earnings quarter justifies our medium-term optimism on the stock market," said Justin Onuekwusi, head of Legal & General Investment Management's multi-asset fund. "Corporate earnings usually exceed analysts' average expectations, but it is unprecedented that earnings have been higher than the highest expectations for two consecutive quarters."

The spread of Delta mutant virus around the world has heightened risk aversion. The Delta variant, which is as contagious as chickenpox and far more contagious than the common cold or flu, is raging in many Asian countries that were once thought to have succeeded in curbing the epidemic, US authorities said on Monday.

"the market is slightly more risk-averse, with bond yields falling slightly since yesterday's European trading session. As Delta variants spread in many places, there is some caution, "said Yukio Ishizuki, a senior strategist at Daiwa Securities.

Today, the RBA left its benchmark interest rate and 3-year Treasury yield target unchanged at 0.1%, in line with market expectations. Meanwhile, the RBA said it would maintain its plan to scale back its bond purchases, although the prolonged blockade in Sydney would lead to a contraction in the economy this quarter.

The Fed's statement has received a lot of attention as central banks around the world begin to tighten policy or send signals, but employment has been a headache for policy makers.

St. Louis Federal Reserve Chairman Brad recently expressed the hope that the policy of ending the crisis era will begin as soon as possible. This is for QualcommIf the inflation continues, the Fed can take small steps instead of risking "chaos".

Brad said the possibility of higher growth in the coming years bodes well for the U. S. economy and workers, but risk management needs to be cautious. The COVID-19 pandemic may have opened up a new "system" of higher productivity, higher inflation and higher volatility.

The US jobs report for July will be released on Friday, and analysts expect it to show that the US added about 880000 jobs last month.

"the non-farm payrolls report is likely to be the main focus for gold traders as it could influence the Fed's decision to scale back its quantitative easing program," said Fawad Razaqzada, an analyst at ThinkMarkets.

"there is a high level of idleness in the labor market. If you feel that the Fed will continue to ease policy in the medium to long term, it is really good for gold prices, especially if inflation expectations are still relatively high, "said Kyle Rhoda, an analyst at IG Market.

Focus stocks

Video game stocks fell before trading, Take-Two fell 4.5% ZyngaDown 1.3%, Activision Blizzard, SEA fell by more than 1%.

BPIt rose 5% before trading, turned a profit in the second quarter from the same period a year earlier, and plans to buy back $1.4 billion of shares.

Li LaiPre-market decline of 1.5%, second-quarter net profit and sales of the main drugs are lower than market expectations, full-year revenue guidance has declined.

Translate rose more than 31% before trading, SanofiSanofi is up 0.78% before trading, and Sanofi will buy Translate Bio for $38 a share, promoting mRNA technology in the development of vaccines and treatments.

China Internet content concept stocks fell before the market, NetEase IncDown nearly 10%, BilibiliDown more than 8%, iQIYI, Inc.Down 1%, HUYA Inc.、 DouYu International Holdings LimitedIt fell by more than 6%. After Jingshen compared online games to a new type of "drug", AH mobile game stocks fell.

BabaIt was up 0.5% before the day of trading. Q1 made a profit of 16.38yuan per ADS, and the market expected it to be 9.81yuan, compared with 17.36yuan in the same period last year. Raise the upper limit of the share buyback program from $10 billion to $15 billion.

Hollysys Automation Technologies LtdIt rose nearly 20% before trading, and the board is evaluating a takeover offer from Superior Emerald at $23.00 a share.

Laifu car, Activision Blizzard and AmjinThe results will be announced after the close.

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