© Reuters 5 major events in today’s financial market: Federal Reserve meeting minutes draw a lot of attention, oil prices fall below $80
Investing.com – Here are the top 5 financial market insights for Wednesday, January 4:
1.fed meetingMinutes hand in handSHOCKjob offers andISM extensionproductionSme hits
The United States will announce a number of important information today. The United States will release and data later, and Beijing time at 03:00 the next morning.
Investors will need to pay close attention to the minutes of the meeting to figure out whether Fed officials will cut interest rate hikes further and when to stop hiking interest rates. Meanwhile, JOLT vacancies and the ISM manufacturing PMI should help investors assess the economic situation and the impact of inflation.
2.United StatesHouse of RepresentativesDystocia speaker
According to the Xinhua news agency, the 118th US Congress opened on the 3rd and the election of the Speaker of the House of Representatives on that day was still “difficult” after three rounds of voting. This is the first time in a century that the election of the Speaker of the United States House of Representatives has failed to produce a candidate in the first round of the election, leading to a political deadlock in the House of Representatives.
Despite a Republican majority in the House, House Republican Leader Kevin McCarthy failed to get more than half the votes needed to be elected president in each of the three rounds as divisions within the party struggled to bridge. The House of Representatives is currently in a political deadlock over the undecided speaker, with new members of Congress unable to take office. The House of Representatives will hold another election for the speaker on the 4th.
3.US stock futures are up slightly but lack momentum
US stock index futures rose slightly, but momentum was weak. Whether it can maintain the uptrend still depends on how the Fed meeting minutes and economic data perform.
Investing.com’s US stock prices show that as of 2104 Beijing time (0804 New York time), blue-chip stocks were up 84.1 points, or 0.26%, and 13 .6 points, or about 0.35%. 60.3 points, or 0.55%.
Among individual stocks, Rivian (NASDAQ: ) fell 1.10% ahead of market, and following Tesla (NASDAQ: ), Rivian also fell short of its fourth-quarter delivery target.
4.Good regulatory news boosts Chinese assets
Hong Kong closed more than 3% higher today, hitting a new five-month high, led by technology stocks, of which Alibaba (HK: ) Hong Kong rose 8.7%, an increase of more than 6% before market.
Earlier, the Chongqing Banking and Insurance Regulatory Bureau announced that it has agreed to increase the registered capital of Chongqing Ant Consumer Finance Co., Ltd. (“Ant Consumer Finance”) from 8 billion yuan to 18.5 billion yuan; Sunny Optical Co., Ltd and Transfar Zhilian Co., Ltd. have invested in Ant Financial. Ant Consumer Finance has 12 shareholders so far, Ant Group still holds 50% of the shares, and Hangjin Digital Technology holds 10% of the shares, making it the second largest shareholder.
Analysts believe this is a sign of the completion of the regulatory rectification.
5.Oil prices fall to two-week lows,focus onAPIsinventory data
Crude oil prices fell to two-week lows on worries about the global economy’s outlook, while last week’s storms exacerbated a glut in the US.
As of 21:04 Beijing time (08:04 New York time), Investing.com Commodity Markets showed that: fell 3% to $74.62/barrel; it dropped by 3.06% to 79.59 $/barrel.
Next, investors also need to pay attention to the release of US inventories data, which could have a bigger impact on inventories due to last week’s US storm.
Meanwhile, it has stabilized after hitting an 11-month low, although global demand for US natural gas is likely to remain elevated. There are reports that a Japanese utility is in talks to buy US natural gas producer Rockcliff Energy for $4 billion.
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Compiler: Liu Chuan
