The US stimulus plan has little hope, and the focus turns to the last non farm before the election

category:Finance
 The US stimulus plan has little hope, and the focus turns to the last non farm before the election


4. The negotiations between the two parties in the United States are still empty for several months, and the stimulus plan is expected to be difficult to launch before the election.

Global stock market

Most of the major European and American stock indexes rose on Thursday, while only German stock market fell. The three major U.S. stock indexes closed higher. At present, it is still difficult for the two parties to reach a stimulus plan agreement. As a result, the Dow fell for a while, but ended up slightly higher. Technology stocks performed well, and the NASDAQ closed up 1.42%.

U.S. economic data released on Thursday were mixed. U.S. consumer spending rose 1% month on month in August, the lowest since the U.S. economic restart. Meanwhile, personal income fell 2.7% month on month in August, the biggest drop in three months. In addition, the ISM manufacturing index of the United States was unexpectedly poor in September. Although it increased for the fourth consecutive month, it fell from 56.4 to 55.4, also lower than the expected value of 56.3. But the number of new US jobless claims last week was slightly better than expected.

The market focus turned to the last non farm report before the election, with the market expecting a sharp slowdown in labor market growth. Analysts median forecast for non farm employment in September was 875000, up from 1.37 million in August. The unemployment rate is likely to drop slightly to 8.2%. This will be the smallest increase since the recovery of employment, and it is likely to slow down or even turn down.

commodity market

Weak U.S. economic data boosted gold prices. December gold, the most actively traded gold futures market on the New York Mercantile Exchange, rose $20.8 on the first day to close at $1916.3 an ounce, up 1.1%. Silver futures for December delivery rose 76 cents, or 3.23%, to $24.254 an ounce.

Market news

[US jobless claims slightly better than expected last week

According to the data released at 20:30 Beijing time on October 1, the number of new jobless claims in the United States for the week ending September 26 was 837000, which is expected to be 850000. The previous figure was revised from 870000 to 873000. Although the number of people applying for unemployment benefits fell last week, it is still at a high level, and the news of many large enterprise layoffs in the near future is expected to drag down future data.

[negotiations between the two parties in the United States are still in vain for several months, and the stimulus plan is expected to be difficult to launch before the election

The deadlock in the new round of US stimulus plan is still hard to break, and it is almost impossible for the two parties to reach an agreement before the election. Several media reports on Thursday said Pelosi was very skeptical about reaching an agreement, and the two sides are still very divided. The house of representatives will vote on the $2.2 trillion plan on Thursday local time, but the vote is almost symbolic and almost impossible to pass in the Senate.

Moodys downgraded the states general responsibility credit rating from Aa1 to aa2 on Thursday, while also downgraded the city. Moodys said it was the first time the company downgraded New York state since june1990. The rating outlook is stable.

[the most expensive election is coming: nonpartisan organizations are expected to spend $10.8 billion on the election

[International Financial Association: emerging markets are facing huge capital outflow risk

Investors may be exiting emerging markets as uncertainty over the US election intensifies risk aversion, the International Finance Association said. Our data suggest that there is a huge risk aversion brewing in emerging markets, and we are tracking high-frequency capital outflows from emerging markets in the last few weeks of September, almost as large as the scale of the downsizing storm in 2013, wrote Jonathan fortune, an IIF economist in Washington

[multiple negative profits shrouded the oil market, and international oil prices fell sharply again

Driven by multiple negative factors, international oil prices fell sharply on Thursday, with demand curbed by the epidemic situation, increased OPEC production and little hope for the US stimulus plan, all of which hit Bulls confidence. WTI crude oil futures and Brent crude oil futures all closed down more than 3%, and the US oil market once fell more than 6%.

[Moderna CEO: the new crown vaccine will not be launched before the election

Stephane Bancel, chief executive of Moderna, a US biotech company, said on Wednesday local time that the new coronavirus vaccine being developed by Moderna would not be ready before the US presidential election and would not seek emergency use authorization from the food and Drug Administration (FDA) as early as November 25, according to media reports. It is expected to be until spring 2021 It will only be approved for distribution to the general public.

[Google promises to pay publishers $1 billion over the next three years

Under pressure from around the world for Google to pay for content, Google on Thursday promised to pay news publishers $1 billion over the next three years. Google will launch a new product called Google News showcase, which will pay publishers to produce content, first in Germany and Brazil, and then in Belgium, India and the Netherlands. Google has signed agreements with nearly 200 publishers in Argentina, Australia, the UK, Brazil, Canada and Germany.

Amazon nearly 20 thousand employees novel coronavirus pneumonia

[India plans to launch domestic app store to replace apple and Google

India is planning to launch its own app store to replace Apples and Googles app stores, according to media reports on Thursday. Unlike Google and Apple stores, the store wont charge a 30% draw, the source said.

According to media reports, Goldman Sachs will spend about $2.5 billion to buy GMs credit card business, which will further push Goldman into the general public loan business. Goldman Sachs, a new entrant in the credit card sector, beat Barclays to more than 1 million universal credit card holders and about $8.5 billion in annual spending, according to people familiar with the matter.

The U.S. Food and Drug Administration is about to approve its new crown treatment drug, radcivir, Gileads chief business officer, Johanna Mercier, said on Thursday. The FDA issued an emergency use authorization for redcivir in May, but its effectiveness needs to be demonstrated before final approval can be obtained.

[European Drug Administration accelerates review of Oxford / AstraZeneca new crown vaccine

European regulators have begun to speed up the review of a new crown vaccine jointly developed by Oxford University and AstraZeneca, which may be the first to seek approval in Europe. The European Drug Administration (EMA) on Thursday announced the launch of a rolling review, confirming media reports on Wednesday. Such audits are often used in emergency situations to allow regulators to view test data during vaccine development and facilitate the approval process.

[the price of Tesla standard extended model 3 drops to 249900 yuan

According to Tesla Chinas official website, the price of the model 3 standard endurance upgrade version made in China is 249900 yuan after subsidy, and the price of the long range rear wheel drive version of the model 3 made in China after subsidy is 309900 yuan. According to industry insiders, the reduction of sales price of model 3 made in China by Tesla this time may be closely related to the technical upgrading and continuous improvement of localization rate of the model, thus reducing the R & D and manufacturing costs of Tesla.

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