Source: CCTV Finance and Economics
U.S. stocks extended their gains in the previous session on Thursday, mainly because the Fed's interest rate meeting did not change the current economic stimulus measures, which is good news for the stock market in the short term. it also offset the negative impact of unemployment benefits data. By the close, the Dow was up 1.48%, the S & P 500 was up 1.21%, and the Nasdaq was up 1.04%. Stocks linked to the economic recovery generally rose, with cruise ships, banks and entertainment companies rising sharply. The latest figures show that the number of people applying for unemployment benefits for the first time in the United States reached 351000 last week, higher than market expectations, indicating that the impact of the epidemic on the US job market is continuing.
Agency forecasts: supply shortages could cost the global auto industry $210 billion
Recently, the shortage of supply has led to a reduction in car production, which has attracted market attention. Global carmakers are likely to lose as much as $210 billion (1.3563 trillion yuan) in car production this year due to supply shortages, nearly double the forecast earlier this year, according to a forecast released by consulting firm Alixpartners on Thursday. In addition to the shortage of chips, rising prices for commodities such as steel and plastic resins have also pushed up the cost of car production. In addition, there is serious congestion at ports on the west coast of the United States, which hinders automakers from importing materials.
The three major stock markets in Europe are mixed.
On Thursday, the Bank of England announced that it would leave monetary policy unchanged and lowered its economic growth forecast for the third quarter. The three major European stock markets were divergent, with London down 0.07 per cent, Paris up 0.98 per cent and Frankfurt up 0.88 per cent by the close.
Supply is in short supply. International oil prices rise to a two-month high.
International oil prices rose to a two-month high on Thursday on the back of increased fuel demand and tight crude supplies in the Gulf of Mexico in the United States. By the close of the day, the futures price of light crude oil for November delivery on the New York Mercantile Exchange was up 1.48%, and the futures price of London Brent crude for November delivery was up 1.39%.
International gold price fell by more than 1%
International gold prices fell sharply on Thursday, with December gold futures, the most actively traded on the New York Mercantile Exchange, down 1.63% from the previous day to close at $1749.8 an ounce. Analysts say investors' risk appetite has increased and turned to equities, making safe-haven assets such as gold less attractive.