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美股全线飙升!花旗:可能是重新入场时候了

US stocks have soared across the board! Citi: Maybe it's time to re-enter

wind ·  May 26, 2022 22:32

Source: wind

U. S. stocks opened higher on Thursday, with all three major indexes higher, and the minutes released by the Federal Reserve allayed concerns among some investors about aggressive measures to curb inflation.

The s & p 500 rose 1.5% and the Dow Jones industrial average rose 1.4%. The Nasdaq composite index rose 1.8%. Stocks wobbled this week as investors considered the Fed's new round of monetary tightening measures to combat inflation and how much pressure they might put on economic growth and markets.

Citigroup Inc believes that it may be time to start buying stocks again. Its strategist Robert Buckland pointed out thatAccording to the bank's "bear market list", market conditions have begun to improve. The list contains a range of potential indicators that led to the market downturn, including valuations, credit spreads, M & An activity and capital flows.

The minutes of the Fed meeting released on Wednesday showed that policymakers unanimously agreed to raise interest rates by 0.5 percentage points in June and July, in line with previous communications. Luc Filip, head of investment at SYZ Private Banking, saidTo some extent, the market is reassured that the Fed will not tighten monetary policy more aggressively than expected.

The yield on the benchmark 10-year Treasury note was unchanged from Wednesday at 2.746%. The second GDP figure in the first quarter was even worse than in the first quarter, shrinking at an annualised rate of 1.5%.

"the recent economic data are weaker than expected, and we do see economic tightening. The market is now thinking about the severity of the slowdown, "said Shaniel Ramjee, a multi-asset fund manager at Pictet Asset Management.

"We focus on profitability and profitability. Many companies with stable results report lower expectations, "Ramjee said. Even the technology industry is not immune from the pressure on profit margins, especially input costs such as wages. "

The number of first-time jobless claims was 210000, down from the previous week and below economists' expectations, showing a mixed economic picture.

In terms of individual stocks, although NVIDIA Corp reported record revenue, its sales forecast for the quarter fell below Wall Street expectations, and NVIDIA Corp's share price fell 3 per cent. Shares in retailer Williams-Sonoma rose 9% after the company reported a profit that beat analysts' expectations. Shares in Macy's soared 13% after raising its full-year earnings forecast. Shares in VMware rose 0.3 per cent after Broadcom Ltd confirmed it would buy VMware for $61 billion in cash and stock. Broadcom is down 0.5%.

However, the market seems to have regained its footing to some extent this week as investors hope that inflation will start to peak, with the Dow and the S & P 500 up 4 per cent and 3 per cent, respectively. The Nasdaq index also rose 2%.

'The U.S. stock market is stable, yields are generally lower and inflation expectations continue to fall, '22V Research's Dennis DeBusschere said in a report on Thursday. However, investors believe that the tightening of the financial environment over the past six months is enough to significantly slow economic growth. This is consistent with the decline in the breadth of US economic data.

Edit / Corrine

The translation is provided by third-party software.


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