On the evening of the 8th Beijing time, US stocks opened slightly higher on Friday. The U.S. Senate has voted to temporarily raise the government's debt ceiling. Us non-farm payrolls rose only 194000 in September, the smallest increase since January and well below market expectations, sharply reducing the chances that the Fed will begin to scale back its bond purchases in November.

The Dow was up 24.16 points, or 0.07%, at 34779.10; the Nasdaq was up 24.08, or 0.16%, at 14678.10; and the S & P 500 was up 7.88, or 0.18%, at 4407.64.

U. S. stocks closed higher on Thursday, when Senate leaders said they had reached an agreement to extend the government's debt ceiling until early December, calming fears that the government could default this month.

After the release of both positive and negative factors in the US non-farm payrolls data for September released on Friday morning, the stock index fluctuated in a narrow range.

Us 10-year Treasury yields remain high at 1.57 per cent.

The US Senate voted to temporarily raise the government debt ceiling

On Thursday night, the US Senate voted on the evening of the 7th local time to temporarily raise the government debt ceiling bill to avoid default on government debt.

In the vote that night, there were 50 votes in favor and 48 votes against, and the result was entirely in line with the party. The bill passed will raise the government's debt ceiling by 480 billion dollars to maintain the current level of federal spending until December 3 this year.

Next, the House of Representatives will vote on the bill. If the vote is passed, it will be sent to the White House and signed into law by the president.

Us Treasury Secretary Yellen has repeatedly urged Congress to take action to raise the government's debt ceiling. Yellen warned that the unconventional measures being taken by the Treasury are expected to be exhausted on October 18, when the government will face a default on its debt. If the government defaults on its debt, the credit of the United States will be damaged and the country will face a financial crisis and recession.

UBSMark Heifer, global chief investment officer at Group Wealth Management, said a bipartisan bipartisan agreement on the debt ceiling would ease previous pressure on the market and help reduce market volatility in the coming weeks.

Non-farm payrolls data for September fell far short of expectations

On the economic data side on Friday, non-farm payrolls in the United States increased by 194000 after the quarterly adjustment in September, less than the 500000 expected by the market and the smallest increase since January. The report also revised the non-farm payrolls data for August to 366000 from the last reported increase of 235000; the US unemployment rate fell 0.4 percentage points to 4.80 per cent in September, also well below expectations of 5.10 per cent.

Non-farm data in September showed that despite the end of most federal unemployment benefits in the same month, the lack of willingness to work has not reversed the lack of job growth in the United States. On the one hand, this leads to slow employment growth, on the other hand, the labor shortage makes wage inflation further higher.

Investors questioned the health of the economy and pushed Treasury yields lower in the near term. The Fed's subsequent policy orientation was further caught in a dilemma, leading the market to raise bets on whether the Fed would postpone or slow down the pace of downsizing.

The September non-farm payrolls data is the only jobs report available before the Fed's monetary policy meeting on November 2-3.

It had been widely expected that the Fed would begin to scale back its monthly bond purchases in November. Federal Reserve Chairman Colin Powell told reporters that the "jobs report needs to be reasonably strong" to meet the threshold for the Fed to cut its massive bond-buying program, and that September's non-farm data will make investors question the health of the economy and lower Treasury yields in the near future. It could also lead to higher bets on the Fed delaying or slowing down the pace of downsizing.

Focus stocks

Thursday afternoon US Eastern time, Tesla, Inc.CEO Musk announced at a shareholder meeting that the company would move its headquarters from Palo Alto, Calif., to Austin, Texas. Tesla, Inc., which announced last year that Travis County, Texas, would be home to its next superfactory, stepped up hiring at its local factory this month, posting hundreds of new jobs.

According to media reports, Alphabet Inc-CL CIt said it would ban advertisements that "contradict the accepted scientific consensus around climate change and its causes", and that the ban would also apply to any content that denies climate change caused by human activities or greenhouse gas emissions. The ban also applies to YouTube, the company's large online video service.

Japan's Ministry of Health and Labor announced on the 8th that it has worked with Pfizer Inc of the United States.The company signed a contract to supply an additional 120 million doses of COVID-19 vaccine from January 2022. The contract was signed on the 7th of this month. "We will devote ourselves to the smooth supply of vaccines," Mr. Fujimoto said at a press conference after the cabinet meeting. "

Taiwan Semiconductor ManufacturingRevenue in September was close to NT $152.6 billion (35 billion yuan), up 20 per cent from the same period last year. This also brings Taiwan Semiconductor Manufacturing Co Ltd's revenue for the whole third quarter to NT $414.7 billion, close to the average analyst expectations. Taiwan Semiconductor Manufacturing Co Ltd's cumulative revenue from January to September in 2021 was about NT $1.14923 trillion, an increase of 17.5 per cent over the same period last year.

IntelPat Gelsinger, the chief executive, said in a recent interview that the company was no longer considering the UK as a candidate for a chip factory because of Brexit, which it had considered before Brexit. He said the company was now considering sites in EU countries to gain EU policy support. Intel Corp will invest up to $95 billion over the next decade to build and upgrade semiconductor plants in Europe and increase output in the US.

Samsung ElectronicsThe company's third-quarter operating profit is likely to rise 28%, to its highest level in three years, driven by rising memory chip prices and smartphone display sales, the company said on Friday. Samsung estimates its July-September profit of 15.8 trillion won ($13.3 billion), while total revenue in the third quarter is likely to rise about 9% from a year earlier to a record 73 trillion won.