On Monday, February 5, the three major U.S. stock indexes fell together, and some popular Chinese concept stocks**, Nvidia continued to rise before the market, and the opening is set to hit a record high. Tesla fell. Most European stocks fell, and Unicredit Bank sharply refreshed its 2015 highs.
Fed Chair Jerome Powell said in an interview on February 4 that the Fed will cautiously advance interest rate cuts this year, which may be much slower than the market expects, Powell stressed:1will not wait for inflation to reach 2% before cutting interest rates; 2.Hopefully, there will be greater confidence that inflation will fall to 2%.
The Eurozone announced that the final PMI of the services sector in January was 484. In line with expectations, the final value of the Eurozone composite PMI in January was 479 is also in line with expectations.
The final value of the UK services PMI in January was 543. Exceeding market expectations by 538. The analysis pointed out that the growth rate of business activity and new orders in the UK service sector accelerated, staffing levels rebounded again, and cost inflation fell to the lowest level since February 2021. GBP/USD**, the lowest level since December 13 last year.
Due to the energy **year-on-year**275%, the eurozone PPI fell more than expected in December, falling by 10 year-on-year6% vs. -10 expected5% vs. -88%。
The three major U.S. stock indexes failed to extend their start to February and all fell at the start of Monday.
U.S. stock indexes** also fell in the pre-market period, and the Nasdaq 100 index** extended its decline to 025%, and the S&P 500** fell 028%, the Dow fell 018%。As of last Friday**, the S&P and Dow hit record highs, and the Nasdaq closed up 15%, up 13 consecutive weeks in the last 14 weeks.
In the popular part of Chinese concept stocks, the Nasdaq Golden Dragon China Index (HXC) fell less than 1% at the beginning of the session, Xiaopeng Motors fell more than 3% at the beginning of the session, Weilai Automobile fell more than 2%, and Station B fell less than 1%, while Alibaba rose more than 2% at the beginning of the session, JD.com, and Tencent **slightly**.
Tesla fell nearly 6% in early trading. Pre-market Piper Sandler lowered its price target to $225 from $295 and lowered its 2024 shipment forecast to $1.93 million from 2.18 million units; In the morning session of the U.S. stock market, ** said that the German software giant SAP removed Tesla from its automotive ** chain.
Nvidia rose nearly 4% at the beginning of the session, hitting a record intraday high. On the news side, Nvidia was raised by Goldman Sachs and Bank of America to $800.
Biopharmaceutical company Catalent rose more than 9% at the beginning of the session, after it was reported that Novo Nordisk's parent company, Novo Holdings, announced that it would increase its price at 63The $50, $11.5 billion cash acquisition of Catalent aims to further expand its investment footprint in the biopharmaceutical sector and strengthen its global market presence.
Novo Nordisk then announced that it would purchase three bottling plants from Novo Holdings, and under the terms of the agreement, Novo Nordisk would pay an upfront payment of US$11 billion to acquire the three manufacturing plants, which will specialize in aseptic filling of drugs. Novo Nordisk's U.S. stock rose more than 3% at the beginning of the session.
Estee Lauder rose more than 10% at the beginning of the session, and the company's adjusted earnings per share in the fiscal second quarter were above market estimates.
According to the financial report, Estee Lauder's net sales in the second fiscal quarter were 42$800 million, beating expectations of $42$300 million; Adjusted earnings per share for the fiscal second quarter were 0$88, more than expected by 0$55. Estée Lauder announced the expansion of its restructuring plan, including about 3%-5% layoffs, aimed at reviving its profit margins.
US Treasury yields moved higher after Powell reiterated that he would cut interest rates cautiously, USD**.
As of 21:48 Beijing time, the yield on the U.S. 10-year Treasury bond reached 4 by 10 basis points during the day12%, the 2-year Treasury yield** was nearly 7 basis points to about 444%。
At nearly 21:50 Beijing time, the U.S. dollar index **03% to 10428。
European stocks opened mixed, with the German DAX30 index falling 018%, the British FTSE 100 index rose 018%, the French CAC40 index fell 012%, the Euro Stoxx 50 index fell 010%。
The pan-European Stoxx 600 index was almost flat, with most sectors falling, and the automotive sector **11%, the food and beverage sector bucked the trend**07%。
Unicredit, Italy's second-largest bank, shares in Europe** by nearly 10% to 2932 euros, the highest level since 2015. The company beat expectations in earnings after announcing an upbeat in investor returns, boosting shareholder returns to 8.6 billion euros ($9.3 billion) in 2023.
Unicredit Bank announced its financial report and pointed out that its net profit in Q4 2023 was 28100 million euros, three times what analysts expected, and full-year 2023 net profit reached $8.6 billion, a year-on-year increase of 538%, mainly due to higher-than-expected revenues, lower bad debt provisions and non-operating item profits. Uxin expects net profit in 2024 to be the same as in 2023.
Société Générale (Société Générale) in Europe has slightly increased its European stock to cut about 900 people at its headquarters, or about 5% of its total workforce, in order to save costs. Société Générale said the layoffs "aim to group and pool certain activities and functions, eliminate stratification to simplify decision-making, and adjust the size of certain teams based on the evaluation of projects or processes." ”
The euro did not fluctuate much against the dollar, at 1.50 a.m. Beijing time near 21:500750 above. Germany's 10-year yield** was little fluctuating at 2277%。
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