Global macro

• Before Wednesday, the futures of the three major stock indexes were all up, and the futures of the Nasdaq were up 2.3%.

On the eve of the Fed's decision to discuss interest rates, the futures of the three major US stock indexes continued to strengthen. As of press time, Dow futures rose 1.14%, S & P 500 index futures rose 1.57%, and Nasdaq futures rose 2.3%.

Large-scale technology stocks rose before trading, with Tesla, Inc. up more than 4%, Microsoft Corp more than 5%, Apple Inc more than 2%, NVIDIA Corp more than 4%, and Amazon.Com Inc more than 2%.

• The Federal Reserve will announce its interest rate decision at 3: 00 a.m. Beijing time on Thursday.

The market will be watching to see if Federal Reserve Chairman Powell reveals signals about the timing, speed and magnitude of the rate hike at a subsequent press conference. Recent expectations of a more hawkish stance from the Fed have pushed up short-term yields and flattened the 10-year yield curve, which, according to statistics, flattened to less than 75 basis points on Tuesday, the smallest difference since December 28. Some investors worry that the Fed's aggressive rate-raising cycle, coupled with the near-term termination of its bond-buying program, could lead to an excessive slowdown in the US economy.

• Retail investors in US stocks bought heavily and shorted PowerShares QQQ Trust, Series 1.

After several bottoms and halfway up the mountain, retail investors in US stocks have changed their strategy and are buying heavily into a leveraged ETF as US stocks are dragged down again by technology stocks. Retail investors bought $76.6 million of ProShares UltraPro Short QQQ ETF (SQQQ) during Monday's stock market crash, according to data compiled by JPMorgan Chase & Co strategist Peng Cheng.

• Goldman Sachs Group: us stocks have not reached the "danger zone" and are still in the correction stage of the bull market cycle.

Goldman Sachs Group said in a report on Wednesday that high valuations and one of the strongest recoveries in history from bear markets made the stock market vulnerable to a correction, but the recent decline did not mean the market had reached a "danger zone" level.

"although it has not yet reached the pre-bear market danger zone level (down at least 20 per cent), it has reached a level that is usually accompanied by corrections and relatively low returns over the next one to five years," the bank said. "

• Was asked if Russia "invades" Ukraine, will it sanction Putin? Biden: yes, I will.

With the escalating tensions in Ukraine, the United States will wave the "sanctions stick" again. According to foreign media reports, US President Joe Biden made a rare threat on the 25th that he would consider imposing sanctions on Russian President Vladimir Putin if Russia invades Ukraine.

• The United States releases the second largest oil reserve exchange in history, with a volume of 13.4 million barrels

The U.S. Department of Energy has announced a total exchange of nearly 13.4 million barrels of strategic oil reserves (SPR) with seven companies, including Exxon Mobil Corp, Shell, BP and Phillips 66, as part of a new move by the Biden administration to stem the surge in oil prices to their highest level since 2014. The deal is the second-largest oil transaction in the history of the US strategic oil reserve and brings the total oil released by the strategic oil reserve to nearly 40 million barrels, according to the US Department of Energy.

• Organization: the top three downloads of global mobile phone APP in 2021 are TikTok, Instagram and Facebook Inc

App Annie, an app research company, has released the trend of global smartphone APP usage in 2021. Global smartphone APP downloads reached 230 billion times in 2021, an increase of 5 per cent over 2020. The first place is the short video APP "TikTok". The second is social app "Instagram", and the third is "Facebook Inc". It is reported that the global average daily use of mobile phones reached 4.8hours, an increase of 30 per cent compared with 2019 before the COVID-19 epidemic.

Hot news

• Us semiconductor stocks rose before trading, with Nvidia up more than 4% before trading and AMD up over 3%.

Semiconductor stocks rose before trading, with Texas Instruments Inc and Maywell Technology up more than 5%, NVIDIA Corp up 4%, TSMC up more than 3%, United Microelectronics Corp and Micron Technology Inc up more than 2%.

• Tesla, Inc. rose more than 4% before trading, and it is reported that the giant die casting machine for Cybertruck will start operation next month.

The official opening day of the Tesla superfactory is approaching, and it is rumored that the first delivery of Model Y may take place before the end of March. The new plant will produce not only the Model Y, but also the Cybertruck electric pickup truck, which has been postponed until 2023, according to other rumors. Although it is too early to produce, there is new news that Tesla, Inc. will complete an important milestone in Cybertruck production and start operating the first batch of 8000-ton Giga Press giant die-casting machines next month. Recent drone shooting also shows that Tesla, Inc. has prepared the foundation for two additional giant die-casting machines.

In addition, Tesla, Inc. will release his fourth-quarter results after trading on Wednesday.

• Microsoft Corp announced his financial results for the second quarter of fiscal year 2022, which rose by more than 5% before trading.

$Microsoft Corp (MSFT.US) $The results showed that Q2 revenue rose 20 per cent year-on-year to $51.728 billion, higher than the market consensus of $50.3 billion, diluted earnings per share rose 22 per cent to $2.48, also higher than market expectations of $2.32, and net profit rose 21 per cent to $18.765 billion. In addition, revenue from the company's smart cloud business rose 25.5% year-on-year to $18.327 billion.

• Nvidia rose more than 4% before trading, and the company denied giving up the acquisition of Arm.

NVIDIA Corp is preparing to abandon its $40 billion acquisition of Arm, a British chip design company, according to media yesterday. In response to rumors of abandoning the acquisition of Arm, NVIDIA Corp said today: "We continue to hold the view detailed in the latest regulatory documents that this deal will provide opportunities to accelerate Arm and promote competition and innovation. An insider said that the news reported by the media that "NVIDIA Corp told the partners that the deal is not expected to be finalised in the end" is not true. "

• Boeing fell by more than 2% before trading. The revenue of Jing Q4 was $14.79 billion, which was less than expected.

$Boeing Co (BA.US) $Fourth-quarter revenue was $14.79 billion, expected to be $16.67 billion, free cash flow was $494 million, expected to be negative $121 million, and core loss per share was $7.69, compared with a loss of $15.25 a year earlier.

• The court rejected the EU antitrust fine of 1.2 billion US dollars on Intel Corp.

$Intel Corp (INTC.US) $It won an appeal on Wednesday against an antitrust fine of 1.06 billion euros ($1.2 billion) imposed by the European Union 12 years ago for suppressing competitors. In 2009, the European Commission punished Intel Corp for trying to crowd out rival AMD by offering kickbacks to computer makers such as Dell, Hewlett-Packard and NEC. However, the European second High Court criticized the analysis of the EU competition enforcement agency and abolished the fine.

• TSMC rose more than 3% in front of the plate, and Sony Group Corp contributed money to the company's Japanese company to participate in semiconductor manufacturing.

Sony Group Corp Semiconductor Solutions, a subsidiary of Sony Group Corp Group, announced that it has begun to$Taiwan Semiconductor Manufacturing Co Ltd (TSM.US) $Make capital contribution in the production subsidiary set up in Kumamoto. The new factory will start by the end of 2024. Sony Group Corp will contribute a total of 57 billion yen several times in the next two years to participate in semiconductor manufacturing as a minority shareholder of less than 20 per cent.

• There is too much regulatory resistance! The Meta Platforms stable currency project was aborted.

According to people familiar with the matter$Meta Platforms (FB.US) $Its stable currency program, Diem Association, plans to sell assets in order to return capital to investors. The predecessor of Diem Association is Libra supported by Meta Platform. It is reported that they are communicating with investment banks to find the best way to sell their intellectual property and put the relevant engineers in place, eventually realizing the once-ambitious cryptocurrency project.

• BioNTech plans to expand Marburg Vaccine Plant and increase staff by 50%

$BioNTech (BNTX.US) $The company said it would add about 250 jobs this year at its plant in Marburg, north of Frankfurt, which currently employs about 500 people. In addition, BioNTech plans to invest about 50 million euros ($56.5 million) and expand its workspace.

• 11 million! It is said that Toyota Motor Corp's output in fiscal year 2022 will set a new record in 2016.

This goal marks$Toyota Motor Corp (TM.US) $Production in fiscal year 2022 will soar by 20%, indicating that the auto market is on the verge of a strong recovery. In addition, Toyota is understood to have informed its suppliers of its plans to produce 7.5 million cars overseas and 3.5 million in Japan, with plans to produce more than 900000 vehicles a month.

• General Motors Co invests 7 billion US dollars against Tesla, Inc. and Ford

$General Motors Co (GM.US) $It was announced that it will invest US $7 billion in Michigan to revamp the plant to significantly increase the production of full-size electric pickups and to build a new battery plant in partnership with LG New Energy. General Motors Co's increased investment in electrification has further intensified the competition with rival Ford for the dominant position of electric vehicles in North America. However, the two US carmakers will also have to compete with Tesla, Inc., the current leader in electric cars.

Focus on China-listed stocks

• Hot Chinese stocks rose before the day.

Before Wednesday, most popular Chinese stocks rose, with JinkoSolar Holding Co Ltd up more than 14%, NIO Inc., XPeng Inc. and ideal up more than 4%, Taiwan Semiconductor Manufacturing Co Ltd up more than 3%, BABA and Pinduoduo nearly 3%.

• NIO Inc. rose more than 4% before trading, and it is rumored that he plans to make a secondary listing in Singapore.

There is news coming out$NIO Inc. (NIO.US) $Is considering a secondary listing in Singapore as early as this year. In addition, NIO Inc. will not completely abandon its planned listing in Hong Kong, China, and will continue discussions with regulators in Hong Kong to try to resolve the issue of regulatory review, a person familiar with the matter said. In response, NIO Inc. officially said that the company would not comment on the market rumors.

• JinkoSolar Holding Co Ltd rose more than 14% before trading and 111% on Science and Technology Innovation Board's first day of trading.

$JinkoSolar Holding Co Ltd (JKS.US) $Today, we landed on the A-share gem with an initial price of 5 yuan per share and a price-to-earnings ratio of 54.9 times. It opened 70% higher on the first day of listing, and the opening price was 8.5 yuan per share. Intraday share prices fluctuated higher, triggering a temporary stop, with an intraday high of 11.95 yuan per share. The final close rose 111% to 10.55 yuan per share, with a total market capitalization of 105.5 billion yuan.

Pre-market turnover of US stocks TOP20

American Macro Calendar reminder:

23:00: total annualized sales of new homes in the United States after quarterly adjustment in December (10,000 households)

23:00: central Bank of Canada announces interest rate resolution

23:30: EIA crude oil inventory change in the United States for the week ended January 21 (10,000 barrels)

3:00: the Federal Reserve announces interest rate decisions

3:30: federal Reserve Chairman Powell holds a press conference