Hot news

• The wording of "the most eagle" in the hearing has been released! Powell: the commitment to fight high inflation is unconditional

Powell finally uttered the "most hawk" phrase in the Fed's semi-annual monetary policy report-the commitment to fight high inflation is unconditional. Powell was asked on Thursday how they would deal with the trade-offs they might face when the Fed's interest rate hike slows the economy sharply but does not quickly reduce inflation. In this case, the central bank is reluctant to shift from raising interest rates to cutting them until it sees clear evidence that inflation is falling in a convincing way, Mr Powell said.

• Xiaomo released mid-year outlook: bullish! The S & P 500 is expected to rise by more than 20% in the second half of the year.

Morgan Stanley's chief strategist said that as inflation fell, the US economy would avoid recession and the stock market could erase the 2022 decline in the second half of the year. The S & P 500 is expected to hit 4800 by the end of the year, 26% higher than Thursday's close, Kolanovic said in a report. In addition, Xiaomo is still bullish on energy stocks, but also recommends buying other cyclical stocks rather than defensive stocks.

• All 33 banks have passed the Fed stress test, and tens of billions of buybacks are on the way.

On Thursday, the Federal Reserve released the results of its annual stress tests for US banks, all of which passed the 2022 stress tests. That means Wall Street's biggest banks can return tens of billions of dollars to investors. With the test results, banks will be able to announce their payment plans from next Monday. Barclays analysts estimate that JPMorgan Chase & Co will take the lead with $18.9 billion in dividends and total share buybacks, followed by Bank of America Corporation and Wells Fargo & Co at $15.5 billion and $15.3 billion, respectively. According to data compiled by foreign media, US banking giants will return 80 billion US dollars to shareholders this year.

• Release the eagle again! Federal Reserve Governor Bowman supports raising interest rates by 75 basis points in July

On Thursday, June 23, Federal Reserve Governor Bowman said she supported the Fed raising interest rates by 75 basis points in July, followed by several increases of 50 basis points.Its nameInflation poses a threat to continued job growth and is "committed to promoting a policy that brings the real federal funds rate back to the positive region". It said it would be "meaningless" if the policy rate was lower than the expected short-term interest rate.

• Is the US economy in full decline? Both PMI indicators have fallen to near two-year lows.

The purchasing managers' index (PMI) of both the US manufacturing and services industries fell more than expected in June, according to the latest data report released by financial analysis firm S&P Global Inc. on Thursday. Us manufacturing PMI recorded an initial reading of 52.4 in June, a 23-month low, while the manufacturing output index recorded an initial reading of 49.6, a 24-month low.

Review of US stocks

• The three major indexes closed higher, and the hot Chinese stocks performed brightly.

By the close, the Dow was up 0.64%, the Nasdaq was up 1.62%, and the S & P 500 was up 0.95%.

Leading technology stocks vary, with Amazon.Com Inc up more than 3%, Microsoft Corp and Apple Inc up more than 2%

Popular US-listed stocks strengthened, with XPeng Inc. up nearly 8 per cent and BABA, Li Auto Inc. and Pinduoduo up more than 6 per cent.

• Biden asked Musk for help? Tesla, Inc. is said to be involved in the formulation of renewable energy policy

Although US President Joe Biden and $Tesla, Inc. (TSLA.US) $CEO Musk do not seem to have a good relationship, the White House has had to involve Tesla, Inc. in formulating a policy on renewable energy. The Biden government contacted Tesla, Inc. on its first day in office to discuss how to include electric vehicles in renewable fuel standards, according to media reports. Tesla, Inc. is pushing for a revision of renewable fuel standards, and the company hopes to obtain a RFS credit line based on driving power consumption or similar indicators, the source said.

• A major adjustment of the authority index is just around the corner! Meta, Netflix Inc and PayPal Holdings Inc really become value stocks?

After the close on June 24, the Russell U. S. Index will finalize the adjustment arrangements for the annual constituent stocks. According to the media,$Meta Platforms (META.US) $、$Netflix Inc (NFLX.US) $和$PayPal Holdings Inc (PYPL.US) $Three technology stocks will be adjusted into the Russell 1000 value index for the first time, while the weight of the Russell 1000 growth index will be lowered. Meanwhile,$Game Station (GME.US) $It will also join the ranks of value stocks and be removed from the growth index.

• Multiple advantages superimposed, Li Auto Inc. rose by more than 6%

According to the media, $Li Auto Inc. (LI.US) $new energy vehicles have been confirmed to be equipped with Kirin batteries. Recently, the ideal L9 officially released and opened synchronous booking, the price of the new car is 459800 yuan. Li Auto Inc. 's official APP crashed briefly on the evening of the 21st because the reservation was too hot. In terms of policy, the State Council will increase the support for automobile consumption, and the new energy vehicle stocks will strengthen collectively. By the close, Li Auto Inc. was up more than 6 per cent.

• Truist: Buffett has a "good chance" to buy Western Oil, raising his target price to $93

Truist analyst Neal Dingmann said there was a "good chance" of Warren Buffett's $Berkshire-A (BRK.A.US) $acquisition of $OXY.US $, which raised its target price to $93, maintaining a "buy" rating. Earlier, Berkshire Hathaway bought another 9.6 million shares of western oil, raising its common stake to 16.3 per cent. The analyst expects Western Oil to continue to "implement plans to relatively maintain the type of capital, focusing on sustained free cash flow averaging more than $3 billion a quarter." "

• Nike Inc will withdraw from the Russian market

American sports brand$Nike Inc (NKE.US) $The brand will withdraw from the Russian market completely after a three-month suspension of business in Russia, local time said in an emailed statement on Thursday. The analysis pointed out that for Nike Inc, this measure is largely symbolic and will not have any substantive impact. Combined, income from Ukraine and Russia accounts for less than 1 per cent of Nike Inc's total income.

• Yesterday's turnover of US stocks TOP20

The Prospect of Hong Kong City

• Beishui continues to buy auto stocks, with more than HK $500 million each for ideal and Geely.

On Thursday, southbound funds once again bought a net HK $1.872 billion of Hong Kong stocks, accumulating a total of about HK $28.908 billion for 11 consecutive days.

Li Auto Inc.-W, Geely Automobile and China Molybdenum received a net purchase of HK $568 million, HK $554 million and HK $210 million respectively, while China Mobile Limited, Tencent, ANTA Sports Products and Byd Company Limited received a net sale of HK $368 million, HK $307 million, HK $189 million and HK $161 million respectively.

• HKEx: in 2022, it will focus on improving the listing mechanism and other three major areas.

$Hong Kong Exchanges and Clearing (00388.HK) $A new issue of IPO newsletter is released. HKEx said that despite the increasingly fierce competition in the industry and the evolution of the geopolitical situation, HKEx will continue to explore to further enhance the efficiency and attractiveness of the market. HKEx will join hands with regulators and market participants to continuously improve the market regulatory framework and speed up infrastructure construction. In order to improve and optimize the existing market ecosystem, HKEx will focus on the following three areas in 2022: first, to speed up the pace of improving the listing mechanism; second, to attract representatives of issuers in key industries of "ABCDE"; and third, the HKEx hopes to attract international issuers to make the market more diversified.

• Great Wall Motor: buy back 2.865 million shares on June 23rd, at a cost of HK $46.847 million

Great Wall Motor (02333.HK) $announced on the Hong Kong Stock Exchange that 2.865 million shares were repurchased at a price of HK $16.160 to HK $16.600 per share on June 23, with a repurchase amount of HK $46.847 million.

• Stone four drugs Group: rosuvastatin calcium has been approved by the State Drug Administration to be registered as an API for use in listed preparations.

$Stone four Pharmaceutical Group (02005.HK) $According to the announcement, rosuvastatin calcium has been approved by the State Drug Administration and registered as an API for use in listed preparations, mainly for the treatment of primary hypercholesterolemia or mixed dyslipidemia.

Focus today

Key words: St. Louis Fed Chairman Brad discussed central bank policy and inflation, and Trip.com released the financial report.

On Friday, the final value of the University of Michigan Consumer confidence Index in June。

The previously released consumer confidence index of the University of Michigan in June had an initial value of 50.2, an expected value of 58, and a previous value of 58.4.

In previous data, the decline in consumer confidence at the beginning of the month was confirmed. The final value in May was 10.4% lower than in April, returning to almost the same level as in March. The recent decline is mainly due to continued negative perceptions of current home and durable goods purchases, as well as consumers' outlook for the future of the economy (mainly because of concerns about inflation).

In addition,In 2022, Brad, chairman of the St. Louis Federal Reserve and FOMC voting committee, discussed central bank policy and inflation.

Financial reportHong Kong stock$Yidu Technology (02158.HK) $、$Trip.com-S (09961.HK) $The financial report will be released on the same day.

In terms of new sharesGOGOX, a Hong Kong stock, will be listed today.

Niuniu morning reading:

There is no formula to determine the true value of a stock. The only way is to know the company thoroughly.

-- Buffett