Trading Perspectives Today
Minutes of the Fed’s September meeting
US September CPI, unemployment data from last week
Business Earnings: TSMC (TSM), Wells Fargo (WFC), BlackRock (BLK), Delta Air Lines (DAL)
The latest version of the US national security strategy sees China as the biggest geopolitical challenge
The latest version of the US National Security Strategy was released on Wednesday (12), and US President Biden said the US views China as its biggest geopolitical challenge and that the priority is to win the competition with China, although the United States is working to curb a dangerous Russia. On the Taiwan Strait issue, the United States does not support Taiwan independence and opposes any unilateral change in the status quo.Read the full article …
Affected by the ban, Q4 revenue forecast is expected to be revised downwards and Q1 is expected to have the same impact
On Wednesday (November 12) Applied Material reduced its (current) forecasted fourth quarter revenue by $ 400 million and warned that revenue in the first quarter of the new year could be similarly affected by U.S. concerns about China. new wave of export control measures will affect the entire semiconductor industry and affect Yingmao’s performance in China.Read the full article …
ASML is asking US employees to stop serving Chinese customers
As the tech warfare between the US and China escalates, Esmol, a manufacturer of advanced semiconductor equipment (ASML-USA) ordered US employees to stop serving Chinese customers, following the latest Biden administration regulations.Read the full article …
Three US suppliers are said to suspend operations in China, evacuating YMTC employees
Several media outlets reported Wednesday (12), citing people familiar with the matter, that after the U.S. government announced it would expand export controls on Chinese chips, U.S. chip equipment suppliers Applied Materials, KLA and Lam Research) began evacuating its employees residing in the Chinese Yangtze River Storage and suspension of commercial activities in China.Read the full article …
Fed meeting minutes: lowering inflation remains top priority, but policy adjustments are needed in a timely manner
The minutes of the Federal Reserve (Fed) meeting of September 20-21 released Wednesday (13) show that to bring inflation back to the 2% target, it will raise interest rates to a restrictive level in the short term and hold it for a certain period of time, but several officials said it was important to adjust the pace of rate hikes to reduce the risks to the economic outlook.Read the full article …
