Stock market, oil, and gold dance together, AI new products make their debut, an
Stock Market Update: U.S. Stocks Close Higher, Chinese Concept Stocks Show Their Prowess
Let's start with the stock market. Last Friday, the U.S. stock market closed with a bang, with the Dow Jones Industrial Average soaring by 480 points, which is quite enticing to watch. This week, everyone's eyes are on the CPI inflation data, which is a key indicator that determines the market's direction. Looking at the Chinese concept stocks on Monday, it's a case of "one after another," with familiar names like TSMC and NIO performing well, especially NIO, which jumped by 11%. That momentum is impressive!
Oil and Gold Prices: Crude Oil Rises Slightly, Gold Makes a Dazzling Appearance
In the oil market, after last week's significant drop, U.S. WTI crude oil finally caught its breath, rising by 1.5%, which is a reassurance for investors. As for gold, it's an eternal store of value. COMEX gold futures increased by 0.43%, reaching a high of $2,535.5, which is quite reassuring to see.
European Market: Stock Indices Rise, Politics and Economy Blossom
Turning our attention to Europe, it's also a bustling scene. The Euro Stoxx 50 index rose by 0.87%, which looks festive. However, the political and economic landscape in Europe is also turbulent, with protests against the new prime minister in France and Germany talking about reinstating land border controls. The stories behind these events are more exciting than TV dramas.
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Corporate News: Apple's New Product Attracts Attention, AI in Pharmaceuticals Shows New Face
Speaking of corporate news, it's one wave after another. Apple has made a big move by launching its first AI-powered smartphone. Although the Chinese version is still pending, the tech vibe has already piqued the interest of many. The iPhone 16 series comes with prices ranging from $799 to $999, and the largest Apple Watch screen in history is truly dazzling.
In the pharmaceutical industry, the "rising star" of AI in pharmaceuticals is under the spotlight, with investments from OpenAI and Thrive Capital, focusing on drug development using artificial intelligence. The future is truly limitless. Additionally, a Danish weight loss drug company has impressive results, with participants averaging an 8.3% weight loss. This number is sure to delight those looking to shed pounds.
Macroeconomics: Credit Increases, Inflation Stabilizes, Political Landscape Shifts
In the macroeconomic sphere, credit is on the rise, inflation is stable, and the political landscape is ever-changing.In terms of macroeconomics, U.S. consumer credit is soaring, with an increase of 25.5 billion dollars, marking the largest rise since the end of 2022. Consumer expectations for inflation have also stabilized, although concerns about overdue payments have intensified. The pressure on prices has eased slightly, with the New York Fed's one-year inflation expectations remaining stable, which can be considered a reassurance for everyone.
However, the political landscape is as unpredictable as ever. Kamala Harris's approval ratings have stagnated and have been overtaken by Trump, suggesting that the "political honeymoon period" might be over. In France and Germany, there is also unrest, with demonstrations and border controls, making the international situation increasingly complex.
Financial Market Commentary: Diverse Market Reactions to Interest Rate Cut Expectations
In the financial markets, there is a lot of discussion. Should we be wary if the Federal Reserve cuts interest rates by 50 basis points significantly? Analysts have different opinions. Morgan Stanley has a pessimistic view on emerging market debt, stating that the first interest rate cut by the Federal Reserve is unlikely to stimulate an influx of funds. Citigroup strategists, on the other hand, believe that the U.S. stock market has a bearish tendency. The market is truly inscrutable.
However, some analysts have said that a significant interest rate cut by the Federal Reserve is justified, and a 50 basis point cut will not frighten the market but will be seen as a positive signal, indicating that the Federal Reserve is fully supporting employment. That's a reasonable point, and we, the common people, are hoping for a stable economy.
Old friends, in this global financial spectacle, new stories unfold every day. Let's sit back with a cup of tea and watch the excitement! But we must also remind ourselves: investing carries risks, and entering the market should be done with caution! We need to act according to our own circumstances and not be blinded by the dazzling numbers!
