**:Finance**.
**:Finance**.
This article is from: Zhitong Financial Network.
Zhitong Financial APP learned that on Wednesday, the three major U.S. stock indexes closed slightly lower, the S&P Dow fell three times in a row, and the Nasdaq fell back to a two-week low. After the release of the "small non-farm" ADP employment report, the yield on the 10-year Treasury note turned downward and hit a new three-month low. The U.S. dollar index turned higher intraday, hitting a two-week high;The euro hit a three-week low in a row. After the OPEC+ meeting, U.S. oil fell more than 4%, falling below $70 for the first time in five months, and gasoline hit a two-year low.
U.S. stocks] As of **, the Dow fell 7013 points, a decrease of 019% at 3605443 points;The Nasdaq fell 8320 points, a decrease of 058% at 1414671 points;The S&P 500 fell 1784 points, a decrease of 039% at 454934 points. The energy sector fell more than 1% to lead the decline, with Nvidia (NVDA.).US) fell more than 2% to lead the decline in blue-chip technology stocks, and Amazon (AMZNUS) closed down 16%, back to the lowest level since Nov. 21;On Tuesday** Microsoft (MSFT.).US) closed down 1%, updating Monday's lowest level since Nov. 13.
European stocks] European stocks *** German DAX index rose 075%, the British FTSE 100 index rose 034%, the French CAC40 index rose 066%, the Euro Stoxx 50 index rose 068%。
Asia-Pacific**] Nikkei 225 index rose 204%, South Korea's KOSPI index rose 004%, Indonesia's Jakarta Composite Index fell 019%, Vietnam's VN30 index rose 094%。
Forex] The DXY, a basket of six major currencies, rose to 104 intraday for the first time since Nov. 17Above 20, it rose nearly 02%。
Cryptocurrency] Bitcoin, which has risen sharply for two consecutive days, has temporarily stopped and rose above 4 in the Asian marketAfter $40,000 hit a new high for more than a year, it turned down intraday, once falling more than $1,000 from its intraday high.
*] COMEX closed up 057% at 2047$90 an ounce, did not continue to fall from the ** all-time high of last Friday's near $2090.
*] WTI closed down 407% to 69$38 barrel, refreshing the low level of the front-month contract since June 27, and falling below the $70 mark for the first time since the end of June. Brent closed down 3 in February75% at 74$30 barrel, the lowest level since June 28.
Metals] London metals were mixed, and London copper fell 117%, London nickel fell 071%, London zinc rose 003%, London Aluminum fell 111%。
Macro news] In November, the "small non-farming" broke out again!Wage growth hit a new low in more than two years. "Small non-farm" US ADP employment in November 1030,000, expected 130,000, the previous value of 1130,000, the fourth consecutive month of falling short of expectations. ADP data showed that wages for employed people increased by 5 in November6%, which is the rate of minimum wage growth since September 2021. Wage growth for those who change jobs is also slowing, with a salary increase of 83%, the smallest year-on-year increase since June 2021. The premium for changing jobs is at its lowest level in three years. Last month, hiring grew modestly and wage growth slowed again. Both the goods and services sectors weakened, while leisure and hospitality and manufacturing jobs declined.
U.S. mortgage rates fell to their lowest level since August, and demand for home purchases rose again. The latest data released by the Mortgage Bankers Association on Wednesday showed that the mortgage application index rose 28%, up for the fifth week in a row. Mortgage rates continue to fall, refueling consumer demand. The data also showed that the average interest rate on the popular 30-year loan fell to 717%, the lowest level since August last year. 7That's also a significant drop compared to around 91%. Joel Kan, MBA's vice president and deputy chief economist, said, "Slowing inflation and financial markets' expectation that the Fed's rate hike cycle may be over are the reasons for the recent decline in interest rates." ”
ECB Governing Council: ECB may consider cutting interest rates in 2024 but not now. ECB Governing Council member Francois Villeroy de Galhau said the ECB has completed raising interest rates barring a major surprise and could consider cutting rates sometime in 2024. "Our decision to raise interest rates plays into full play with the disease of inflation," Villeroy said in an interview. "That's why, unless there are any surprises, we won't raise rates further – the question of rate cuts may arise in 2024, but not now. The Bank of France's remarks came as other policymakers pushed back on investors' bets that the ECB would cut interest rates as early as March.
The Bank of Canada has kept interest rates unchanged for the third time in a row, acknowledging that the economy is stagnant. The Bank of Canada kept interest rates unchanged at its third meeting in a row, acknowledging that the economy is stagnant while leaving open the possibility of further rate hikes as it watches more progress on the slowdown in inflation. Policymakers, led by Governor Tiff Macklem, announced on Wednesday that they would leave the benchmark overnight interest rate unchanged at 5%, the highest level in 22 years. Both market participants and economists surveyed expect a pause in rate hikes. Recent data suggests that the economy is no longer in a state of "excess demand" and that interest rate hikes are dampening spending and price pressures, they said. They removed language from their October statement about an increase in inflation risks, but said they were ready to raise rates again if necessary.
*Message] MD (amdUS) launched a blockbuster AI chip to challenge Nvidia's prospects for the industry. AMD has unveiled the highly anticipated new Mi300 series of AI chips, including the Mi300A and Mi300X chips, targeting this NVIDIA-dominated market. These chips are better at processing the large data sets involved in AI training than traditional computer processors. The **chip released by AMD has more than 150 billion transistors, and the **chip memory is 100 of Nvidia's H2 products4 times, the memory bandwidth is 100 of H16 times. AMD has nearly tripled its forecast for AI accelerators in 2027 from August.
Apple (AAPL..)US) is preparing to launch the iPad and MacBook Air to reverse the decline in sales. In an effort to reverse declining Mac and iPad sales, Apple is preparing for several new models and upgrades early next year, according to people familiar with the matter. Apple's actions include updating the iPad Air, iPad Pro and MacBook Air, according to people familiar with the matter. **iPad Air will be available in two sizes for the first time, and the Pro model will come with an OLED screen. The MacBook Air will come with a faster M3 processor. Macs and iPads together account for 15 percent of Apple's revenue, but they have been hit particularly hard by declining consumer spending on tech products.
Head-to-head showdown GPT-4!Google (googl..)US) launched the "most versatile" AI model, Gemini. Google has officially released a new generation of large language model (LLM) Gemini to the public, which claims to be Google's "largest and most versatile AI model" to date, with advanced reasoning capabilities and "more careful consideration" when answering difficult questions. Unlike other LLM competitors, Google emphasizes that Gemeni is the most flexible model because it is available in different sizes and can be adapted to a variety of generative AI applications. Of these, the lightest version, the GEMNI nano, can be run offline directly on a smartphone;The more powerful version of Gemini Pro can perform a variety of tasks, including Google's Gmail, Maps Docs, and YouTubeThe most powerful version, Gemini Ultra, is also Google's most powerful LLM to date, designed for data centers and enterprise applications.
Demand for video games is weak, and Game Station (GMEUS) Q3 revenue fell short of expectations. According to the financial report, the Q3 revenue of the game station was 10$7.8 billion, down from $11.1 in the year-ago quarter$8.6 billion and the market expected 11$8.2 billion. Net loss narrowed to $3.1 million from $94.7 million in the year-ago quarter, and adjusted earnings per share were $0, better than analysts' expectations of a loss of 8 cents due to a decline in expenses.
The Swedish court revoked the favorable ruling + the Norwegian trade union pressure, and the Nordic boycott of Tesla (TSLAus) wave. Tesla (TSLA.)US) has suffered a new setback in a Swedish labor dispute, with a court reversing a ruling in Tesla's favor and Norway's largest private sector union joining the lockdown that has swept through the Nordic region. The Norwegian Confederation of Trade Unions said on Wednesday that it would begin blocking Tesla vehicles from being shipped to Sweden on Dec. 20 unless the U.S. automaker signs a collective bargaining agreement with the Swedish industrial union. Members of the latter staged a month-long strike in seven repair shops in Sweden.