2022-10-04 11:02:00

A night of revelry! US stocks soared more than 750 points, but Tesla lost 500 billion. What happened? The International Energy Agency warns Europe that its CPI has soared by 83%

During the long holiday, foreign events still happen from time to time.

US stocks started well in October. On October 3, the three major U.S. stock indexes rose sharply, with the Dow rising 765 points, or 2.66%; The S&P 500 index rose 2.59% and the Nasdaq index rose 2.27%. Energy stocks performed strongly, with ExxonMobil and Chevron up more than 5% and ConocoPhillips up more than 7%. Large technology stocks rose across the board, with Apple, Google and Microsoft up more than 3% and Amazon up 2.55%. Tesla's share price fell 8.6% against the market, the largest one-day drop in nearly four months, and its one-day market value evaporated by more than 500 billion yuan (RMB).

The Indonesian fan conflict has killed 32 children. On October 3 local time, Indonesian officials said that the number of children killed in the fan conflict had risen from 17 earlier to 32, with the youngest being only 3 years old. At present, 125 people have died in this incident.

On October 3, the International Energy Agency (IEA) warned that Europe will face an "unprecedented" risk of natural gas shortage this winter, and proposed to save gas.

In other news, Hurricane "Ian" has killed 85 people in the United States, and it is estimated that the post disaster reconstruction of the hardest hit Florida and North Carolina will cost tens of billions of dollars.

Trump canvassed for the current President of Brazil. According to the reference news, according to the news agency, on October 2, Brazil's current President Bosonaro released a video of former US President Trump canvassing for his election on Twitter.

Prices in Turkey soared. On October 3 local time, data released by the Turkish Statistics Bureau showed that in September, the country's CPI rose by 83.45% compared with the same period last year, a new high in 24 years, and 3.08% month on month. Turkey has one of the highest inflation rates in the world.

US stocks rebounded sharply, oil prices rose sharply, Tesla fell sharply

On the first trading day in October, US stocks saw a big rebound. On October 3, the three major U.S. stock indexes rose sharply. As of the end of the day, the Dow rose 765 points, or 2.66%, to 29490.89; The S&P 500 index rose 2.59% and the Nasdaq index rose 2.27%.

When the ISM manufacturing industry in the United States was about to shrink in September, and Credit Suisse was in the background of the whirlpool of bankruptcy rumors, the market lowered its bet on the Federal Reserve to raise interest rates. Investors began to doubt whether central banks would continue to actively fight against inflation with the increasing risk of global financial stability.

On the same day, most US bond yields fell sharply. The yield of three-year US bonds fell 17.5 basis points to 4.122%, the yield of five-year US bonds fell 21.3 basis points to 3.884%, the yield of 10-year US bonds fell 19.2 basis points to 3.644%, and the yield of 30-year US bonds fell 9.8 basis points to 3.682%.

In terms of individual stocks, large technology stocks rose across the board, with Apple up 3.08%, Amazon up 2.55%, Google up 3.13%, Facebook up 2.16%, and Microsoft up 3.37%. Energy stocks showed strong performance, with ExxonMobil and Chevron up more than 5%, ConocoPhillips up more than 7%, Schlumberger up 6.67%, and Western Oil up more than 4%. Bank stocks also rose collectively, with JPMorgan Chase and Wells Fargo up more than 3%, Goldman Sachs and Citigroup up more than 2%, and Bank of America up 2.95%.

However, because the delivery data in the third quarter was less than expected, Tesla's share price fell by 8.6% against the market, the largest one-day drop in nearly four months, and its one-day market value lost more than 71 billion dollars (about 500 billion yuan). Previously, Tesla released the delivery data for the third quarter of 2022, with a delivery volume of 34.38 vehicles, which was lower than the 357900 vehicles expected by the market. Tesla blamed logistics for the lower than expected delivery volume and pointed out that many vehicles were "still in transit".

On October 3, the international oil price rose across the board, and the US oil contract for November rose 4.84% to US $83.34 per barrel. The oil distribution contract in December rose 4.47% to 88.95 dollars/barrel. According to OPEC+sources, OPEC+is discussing a production reduction of more than 1 million barrels per day, and individual member countries may voluntarily reduce production on this basis. International oil prices are boosted by the above news.

International precious metal futures also rose sharply, COMEX gold futures rose 2.19% to US $1708.6 per ounce, and COMEX silver futures rose 9.04% to US $20.76 per ounce.

The US dollar index fell. Late Monday in New York, the US dollar index fell 0.45% to 111.64, while most non US currencies rose. The euro rose 0.21% to 0.9826 against the US dollar, the pound rose 0.43% to 1.1167 against the US dollar, the Australian dollar rose 1.7% to 0.6510 against the US dollar, and the US dollar fell 0.13% to 144.56 against the Japanese yen. The offshore yuan rose 391 basis points to 7.1022 against the US dollar.

The Indonesian fans' conflict event resulted in the death of 32 children

The Indonesian fans' conflict event sent another sad news: the number of children killed climbed to 32.

According to the AFP report quoted by CCTV News, on October 3 local time, Indonesian officials said that the number of children killed due to fan conflicts had risen from 17 earlier to 32, of which the youngest was only 3 years old.

At the same time, the Indonesian National Human Rights Commission questioned the decision of the police to use tear gas. At the time of the incident, Indonesian local police fired tear gas at the fans who entered the stadium. The police argued that they fired tear gas in order to "force fans to return to the stands" and only after the death of two police officers.

Earlier on the 3rd, Indonesia's Chief Security Minister said at a press conference that an independent investigation team would be set up to thoroughly investigate the incident.

On the same day, the Indonesian National Police Chief Siji announced the dismissal of Borli, the police chief of Malang City. It is understood that the dismissal of the police chief of Malang City is related to the fan conflict in Malang City on October 1.

On the evening of October 1 local time, at the football match held in Malang City, East Java Province, Indonesia, supporters of the team who lost the match were dissatisfied with the result of the match. A large number of people climbed over the railings and entered the court. Conflicts and stampedes occurred, which has killed 125 people.

IEA: Europe will face the risk of "unprecedented" natural gas shortage

On October 3, the International Energy Agency released a quarterly report on the natural gas market, warning that Europe will face an "unprecedented" risk of natural gas shortage in this winter, and suggesting that gas consumption should be saved.

The report shows that, in order to ensure that the natural gas reserves are always sufficient before the end of the heating season, the gas demand of European Union member countries should be 9% to 13% lower than the average level in the past five years. Most of these changes have to be made by consumers, including lowering the heater by 1 ℃ and adjusting the boiler temperature, as well as the solar terms for industrial and public facilities.

According to Xinhua News Agency, the report predicts that if the above target of 9% to 13% is achieved, the natural gas storage capacity of EU countries will remain at the level of 25% to 30% when LNG imports are small; If there is no solar term, and if Russia completely stops supplying natural gas from November this year, the gas storage level may fall below 5%, and once encountering a cold current, the risk of complete interruption of natural gas supply will increase.

At the same time, as the main artery of European energy transport, Beixi Natural Gas Pipeline also has new news. On October 2 local time, the Danish Energy Agency said that the "Beixi - 1" natural gas pipeline had stopped leaking gas and the pressure was stable. However, the situation of the "Beixi - 2" natural gas pipeline is still not optimistic. On October 3 local time, the Swedish Coast Guard said that the leakage of the "Beixi - 2" natural gas pipeline had increased.

At 2:03 am, September 26, Central European Daylight Time, an underwater explosion occurred on the "Beixi - 2" natural gas pipeline in the waters near Bornholm Island, Denmark, and a leak point appeared. At 19:3 on the 26th, 17 hours later, the "Beixi - 1" natural gas pipeline exploded and two leakage points appeared. The two explosions had magnitudes of 2.3 and 2.1 on the Richter scale respectively. On September 29 local time, the Swedish Coast Guard reported that the fourth leakage point was found on the Beixi pipeline.

The explosion of Beixi natural gas pipeline further aggravated the energy crisis in Europe and aroused global concern. According to CCTV news, Douglas McGregor, a former senior adviser to the US Defense Secretary and retired colonel of the US military, said in an interview with the media recently that the real culprit of the attack on the "North Stream" natural gas pipeline may be the US or the UK.

Hurricane "Ian" has killed 85 people in the United States

According to the overseas online aid Reuters News Agency on the 3rd, Hurricane "Ian" has killed 85 people in the United States, and it is estimated that the post disaster reconstruction of the hardest hit Florida and North Carolina will cost tens of billions of dollars.

Among the states hit by hurricanes, Florida has the largest number of casualties, totaling 81. Among them, there were 42 people in Li County, and 39 people were reported dead in the other four counties nearby. Four people died in North Carolina.

As the flood recedes, the rescue team is further searching for areas isolated from the outside world due to the impact of the hurricane, and the death toll is expected to continue to rise. The National Hurricane Center of the United States predicted that there might be more heavy rainfall in West Virginia and parts of western Maryland, and "record floods" in central Florida.

Hurricane has brought catastrophic damage to the coastal areas of the United States. On the afternoon of the 2nd local time, more than 700000 enterprises and households in Florida alone were without electricity. Satellite images released by the National Oceanic and Atmospheric Administration of the United States show that beach huts and motels along the coast of Sunnybell Island, Florida, have been destroyed by the storm, and the roofs of many houses have been blown away.

According to the data of CoreLogic, insurance companies are ready to deal with claims of 28 billion to 47 billion dollars, which may be the worst storm in Florida since Hurricane Andrew in 1992.

Turkey's CPI rose by 83.45% year-on-year in September

The soaring speed of Turkish prices has left most countries in the world behind.

According to the data released by the Turkish Statistics Bureau on October 3 local time, the Turkish consumer price index (CPI) in September 2022 rose by 83.45% compared with the same period last year, hitting a new high in 24 years, and 3.08% month on month.

Data shows that the traffic price is still the category with the highest increase. Compared with the same period last year, the traffic price in Turkey increased by 117.66% in September; The growth of communication category was the smallest, with a year-on-year growth of 30.76%.

According to CCTV News, Turkey is currently one of the countries with the highest inflation rate in the world. Inflation has soared since the middle of last year. In September this year, Turkey also raised the prices of natural gas and electricity again, further intensifying inflationary pressure. The Turkish Central Bank forecasts the year-end inflation rate to be 60.4%.

Mainstream economics believes that in response to high inflation, the central bank should raise the benchmark interest rate, but Turkish President Erdogan believes that high interest rates lead to high inflation and low interest rates should be used to support investment and exports. Therefore, the central bank of Turkey cut the benchmark interest rate to 14% for four consecutive times last year, and lowered the benchmark interest rate to 12% for two consecutive times in August and September this year. It is worth noting that every reduction in interest rates has led to a sharp decline in the Turkish lira, which depreciated by more than 40% against the US dollar last year. On this basis, since the beginning of this year, the Turkish lira has continued to depreciate by more than 35%. On September 28 local time, Erdogan said that he hoped the central bank would reduce interest rates to single digits. According to the market forecast, the lira may further depreciate due to high inflation and loose monetary policy.

Trump canvassed for the current President of Brazil

According to the reference news, the current President of Brazil, Bosonaro, released a video of former President Trump canvassing for his election on Twitter on October 2.

On that night, according to the statistics of the Supreme Electoral Court of Brazil, former President Lula obtained 47.77% of the votes, and Bosonaro obtained 43.77% of the votes, ranking first and second respectively. According to the report, neither of them received more than half of the support, and Lula and Bosonaro entered the second round of run-off voting.

According to Xinhua News Agency, the results of the first round of the presidential election in Brazil were released on the evening of October 2. None of the 11 candidates won more than half of the votes. The two candidates with the most votes will enter the second round of the duel on October 30.

In the first round of voting, Lula, the candidate of the Labor Party and former President, won the most votes, with a voting rate of more than 48%; The Liberal candidate and current President Bosonaro ranked second with a gap of about 5 percentage points; Tebet, candidate of the Brazilian Democratic Movement, and Gomes, candidate of the Democratic Labour Party, ranked third and fourth respectively. Their voting rate with the other seven candidates was lower than 5%, and they lost the opportunity to continue the competition.

Editor in charge: Gui Yanmin

Checked by: Yang Lilin