Investing.com – The number of people claiming unemployment benefits in the United States unexpectedly fell at the beginning of last week, released on Thursday, reflecting a strong labor market and once again strengthening market expectations that the Federal Reserve will continue to raise interest rates after July.
The U.S. Labor Department said initial claims for unemployment benefits fell by 9,000 to 228,000 in the week ended July 15, below market expectations of 240,000. After the data was released, the possibility of the Fed raising interest rates by one yard next week and continuing to raise interest rates increased slightly. Traders in fed funds futures expect the Fed to tighten policy by 34 basis points, up from 32 basis points on Wednesday.
European and American stock markets
The latest performance of US companies was mixed. US stocks developed individually on Thursday. As of the close, they rose 163 points or 0.47% to 35,225 points; fell 0.68% to 4,534 points; fell 2.05% to 14,063 points.
In terms of individual stocks, Tesla (NASDAQ: ) caused concerns about the decline in operating margins in the second quarter. The stock price plunged 9.7%, the worst single-day performance in three months. CEO Musk reiterated that this year’s delivery volume will remain unchanged at 1.8 million vehicles, but it is estimated that production in the third quarter will decline slightly. The reason is that the company will stop production in the summer to upgrade its factories.
Meanwhile, Netflix (NASDAQ: ) posted a weaker-than-expected third-quarter revenue outlook, sending shares down 8.4%. Even though the policy of cracking down on password sharing has brought nearly 6 million subscribers to the company, the company recently announced that its second-quarter revenue still missed expectations and its financial forecast was weak.
Elsewhere, Johnson & Johnson (NYSE: ) closed up 6.07%, notching its best one-day performance since March 2020, boosting the Dow and S&P 500 healthcare stocks. Johnson & Johnson announced a better-than-expected profit performance. We are optimistic about achieving strong growth this year. Factors such as the stabilization of inflation and the growth of the medical device business are expected to bring better profit prospects to the company.
European stocks rebounded 0.42% to 463 points; closed at 16,204 points, up 0.59% or 95 points; closed at 7,384 points, up 0.79% or 57 points; closed at 7,646 points, up 0.76% or 57 points.
asian stock market
A-shares closed at 3169 points, down 29 points or 0.92%, with a turnover of 302.376 billion yuan; at 10816 points, down 116 points or 1.06%, with a turnover of 483.235 billion yuan; at 2155 points, down 21 points or 0.99%.
Hong Kong stocks closed at 18,928 points, down 24 points or 0.13%; down 17 points or 0.28%, at 6,364 points; once rose 1.5%, at 4,175 points, and closed down 1.2%, at 4,063 points. Still need to pay attention, closed at 18,935 points, down 19 points, 7 points higher than yesterday’s HSI closing price, with 13,054 contracts traded.
Other Asian stocks closed at 32,490 points, down 405 points or 1.23%; closed at 2,600 points, down 8 points or 0.31%; closed at 7,541 points, up 3 points or 0.05%.
commodity market
In terms of crude oil, the US economic data is good, reflecting that the demand for crude oil is unlikely to drop sharply. In addition, China’s crude oil imports are strong, which affects the slight rise in international oil prices. However, the market is cautious about the outlook for crude oil, limiting the rise in oil prices.
Among them, the August contract due on Thursday closed up 28 US cents, or 0.37%, at $75.63 a barrel. The more active September contract settled up 36 cents at $75.65. The September contract closed up 18 cents, or 0.23 percent, at $79.64 a barrel.
In the gold market, the US dollar exchange rate and US bond yields rebounded, and the international gold price fell from a two-month high. It closed down 0.5 percent on Thursday at $1,970.9 an ounce. It closed at $1969, down 0.38%, and hit an intraday low of $1964.6, down 0.6%.
Foreign exchange market
In terms of foreign exchange market, it rose for three consecutive trading days on Thursday (20th), up 0.55% to 100.83.
It bounced as high as 13.6 basis points to 3.876%.
It should be noted that the pound fell by more than 0.5% to $1.2868. Since hitting its highest level since April last year a week ago, the pound has depreciated for five consecutive trading days; it fell by nearly 0.6% to $1.1133, falling for three consecutive days.
Meanwhile, it edged down 0.32% to 140.05 yen per dollar. The Japanese government revised up its inflation forecast for the current fiscal year to 2.6 percent, far exceeding the central bank’s 2 percent target, reflecting higher-than-expected price growth.
It is also worth noting that the currency rose 0.8% to 7.1706 yuan to 1 dollar, reversing the recent decline. The People’s Bank of China left the loan market quoted rate (LPR) unchanged on Thursday and raised macro-prudential adjustment parameters for cross-border financing for companies and financial institutions, allowing companies to continue to use overseas markets to raise funds.
In the end, it rose by up to 1.52%, reported about 30,400 US dollars, and fell 1% in the end, to around 29,600 US dollars.
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(Editor: Li Shanwen)
2023-07-21 01:39:00
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