Global macro

• The futures of the three major US stock indexes rose slightly before Wednesday's trading.

  

• A deep recession is coming! Deutsche Bank: the Fed needs to raise interest rates to at least 5% to curb high inflation

Deutsche Bank economists reportedly warned on Tuesday that the Fed may need to take the most aggressive monetary tightening measures since the 1980s to bring inflation down from a 40-year high, which will lead to a deep recession in the United States next year. David Folkerts-Landau, Deutsche Bank's chief economist and head of research, wrote in the latest report released on Tuesday, "our conservative view is that the federal funds target rate needs to go deep into the range of 5% Murray 6% in order to contain inflation. This is partly because the contraction table can also promote monetary tightening, which our economic research team believes is equivalent to two additional 25 basis point interest rate hikes.

• Brainard's nomination for vice chairman of the Federal Reserve was confirmed by the Senate

Brainard's nomination for vice chairman of the Federal Reserve was first confirmed by the Senate, and the US Senate was confirmed by a vote of 52-43, taking the lead among the four Fed nominees. Three other Biden nominations are still waiting for a confirmation vote, some of which could be held this week.

• The boss of quantification once again spoke out: if the Fed wants to shrink the table sharply, the Fed can only raise interest rates by 100 basis points at most.

Solomon Tadesse, a quantifier at Soci é t é G é n é rale, said the Fed had 300bp more room to raise interest rates, most likely by shrinking the table by $1.8 trillion and raising interest rates by an additional 75 to 100bp.

• Putin ordered the extension of restrictions on Russian fertilizer exports until August 31.

According to the official website of the Russian President on April 27, Russian President Vladimir Putin instructed to extend the restrictions on Russia's export of chemical fertilizers until August 31, and to consider the possibility of further extending the restrictions. At the same time, Putin ordered the elimination of import tariffs on agricultural machinery and accessories that do not have similar products in Russia, including some combine harvesters and horticultural machinery. In addition, the Government allocated 7 billion roubles from the budget for the research and development of alternatives to the equipment of the fishing fleet.

• Every rebound is a good chance to escape? Investors buying on the bargain are fleeing the stock market

Since 2022, the S & P 500 has fallen for an average of about two and a half days, the longest year since 1974, with a return of-0.2%, also the worst in nearly 50 years. The bullish impulse of investors is disappearing. Brian Donlin, equity derivatives strategist at Stifel, said: "this looks like a bear market. When it rebounded, the selling was strong, and the rebound was getting smaller and smaller. "

• Cooking oil on the fire! House prices in the United States "accelerated twice" as they soared 19.8% in February from a year earlier.

American buyers bought the hottest property market in 15 years in 2021, and by 2022 they will work together to "accelerate" prices for the second time. The s & p CoreLogic Case-Shiller national house price index, which measures average house prices in the country's major metropolitan areas, rose 19.8 per cent in February from a year earlier, up from 19.1 per cent the previous month. House prices accelerated in February, the fastest monthly increase since August last year.

• Bill Hwang, the author of the explosion of the Century, has been arrested.

Archegos Capital Management founder Bill Hwang and his chief financial officer were arrested Wednesday morning. He is expected to appear in federal court in Manhattan later on Wednesday. Federal authorities say Bill Hwang used "Archegos" as a "tool for market manipulation and fraud", causing billions of dollars in losses to banks, financial market investors and employees of the company.

Hot news

• $Meta Platforms (FB.US) $It is down more than 4% before trading, and the results will be announced after trading.

• Twitter fell more than 1% before trading, and rating agencies downgraded it one after another.

Moody's Corporation will$Twitter (TWTR.US) $The BA2 rating is on the downgrade watch list. Moody's Corporation said the Twitter assessment would focus on the new capital structure and its impact on credit indicators and cash flow. At the same time, S & P listed Twitter as "BB +" on a negative watch list. Twitter had previously announced that it would release its first-quarter results before the opening of U. S. stocks on Thursday. Twitter will not hold a post-earnings conference call in view of the pending acquisition announced on Monday. As of press time, Twitter was down more than 1% before trading.

• Microsoft Corp rose nearly 4% before trading, Q3 revenue increased 18% year-on-year, exceeding market expectations.

$Microsoft Corp (MSFT.US) $In the third quarter, EPS grew 9 per cent year-on-year to $2.22, while revenue rose 18 per cent to $49.36 billion, both higher than market expectations. In terms of business segments, smart cloud, its largest source of revenue, was eye-catching in the third quarter, with revenue exceeding expectations of $19.05 billion. As of press time, Microsoft Corp was up nearly 4 per cent before trading.

• Alphabet Inc-CL C's parent company Alphabet is down nearly 4% before the day of trading, and the net profit of Dem Q1 is down 8.3% compared with the same period last year.

First quarter$Alphabet Inc-CL C-A (GOOGL.US) $Net profit fell more than 8 per cent year-on-year; Alphabet Inc-CL C's advertising revenue was higher than expected, but the growth rate of more than 20 per cent was well below expectations of more than 30 per cent last quarter. Alphabet Inc-CL C Yun maintained a high revenue growth rate of more than 40 per cent, but lost more than $900m in the first quarter than expected. Alphabet plans to buy back as much as $70 billion. As of press time, Alphabet Inc-CL C was down nearly 4 per cent before the A market.

• Boeing fell nearly 4% in front of the day, and revenue in the first quarter fell short of market expectations.

Boeing Co (BA.US) $first quarter revenue of $14 billion, market estimate of $16.04 billion; loss per share of $2.06, estimated loss of $0.22. As of press time, Boeing was down nearly 4%.

• Spotify's first-quarter revenue was 2.66 billion euros, an increase of 24% over the same period last year.

Spotify Technology (SPOT.US) $announced financial results for the first quarter of 2022. According to the financial report, the company's Q1 revenue was 2.661 billion euros, compared with 2.147 billion euros in the same period last year, an increase of 24% over the same period last year. Its net profit was 131 million euros, compared with 23 million euros in the same period last year.

• Musk: Truth Social currently beat Twitter and TikTok at Apple Inc's store.
  

Trump's social app Truth Social has risen to the top of Apple Inc's list of free apps in the US App Store, surpassing Twitter and TikTok. Musk shared the news on his personal $Twitter (TWTR.US) $and commented: "Truth Social currently beats Twitter and TikTok at Apple Inc store." "

• "Tesla, Inc. Killer" seizes the Middle East: Lucid and Saudi Government reach an order of 100000 Electric vehicles

Electric vehicle manufacturer$Lucid (LCID.US) $The company said on Tuesday that it had signed an agreement with the government of Saudi Arabia to buy up to 100000 Lucid electric vehicles over the next decade. Saudi Arabia promised to buy 50, 000 cars under the agreement and could choose to buy another 50, 000 within 10 years, Lucid said in a statement.The big deal marks the latest partnership between the California-based car upstart and Saudi Arabia. The Saudi sovereign wealth fund was previously the largest shareholder in Lucid, holding about 61 per cent of Lucid.

• The demand for transatlantic travel is heating up! United Airlines plans to increase its capacity in peak season by 25% compared with that before the epidemic.
  

United Continental Airlines (UAL.US) $says demand for transatlantic travel is heating up despite rising fuel prices and the ongoing conflict between Russia and Ukraine.Compared with 2019, United plans to increase transatlantic capacity by 25% during the spring and summer travel season, including new destinations last fall, such as Bergen, Norway, Amman, Jordan and the Portuguese Azores. United is adding new routes and flights, including flights to London, Zurich, Munich, Milan and Nice, France.

Pre-market turnover of US stocks TOP20

A reminder of macroscopic examples in the United States

22:00 monthly rate of signed sales index of existing homes in the United States after quarterly adjustment in March

22:30 changes in EIA crude oil stocks in the United States for the week ended April 22