Hot news
Hong Kong strives to implement the first stage of customs clearance with the mainland as early as January 8.
The Chief Secretary for Administration of the Hong Kong Special Administrative region, Mr Chan Kwok-kee, said in a post on his social networking site that the Customs Coordination Unit was working against the clock to formulate a sound plan to achieve gradual, orderly and comprehensive "customs clearance". At the same time, the SAR Government liaises closely with the relevant departments of the Central Government and the Guangdong and Shenzhen governments to strive for the implementation of the first phase of "customs clearance" as early as 8 January. Apart from those which have already been opened, some of those which have been closed for a long time will resume operation. Mr Chan said that at the initial stage of "customs clearance", the SAR Government would set an appropriate number of passengers for travelling between the mainland and Hong Kong, and gradually increase the number of sea, land and air transport services between the mainland and Hong Kong to meet the actual needs. In the light of the operation of the first phase of "customs clearance", the SAR Government will further expand its scale and eventually achieve comprehensive "customs clearance".
Deutsche Bank: Fed will "soft turn" in 2023, or tolerate higher inflation
As the most important driver of global markets in 2022, the Fed's attitude will continue to define 2023. Deutsche Bank believes that the Fed is unlikely to formally announce a full turn in the future. Instead, it may make a "soft turn" and quietly "drip" looser policies into the economy.
The prototype of "Big short" Burley: the US economy is already in recession
Michael Burry, the archetypal character of the movie "the Big short", issued a pessimistic prediction that the US economy was already in recession and that inflation would soar again. 'inflation in the United States has peaked, but it is not the last peak in the current cycle, 'Mr. Burry said in a statement on social media. It is expected that CPI may decline or even be negative in the second half of this year. No matter how you look at it, the US economy is currently in recession.
TD Securities: the Fed's terminal interest rate will reach a range of 5.25-5.50% at its May meeting.
Analysts at TD Securities said they expected the minutes of the Fed's December policy meeting to further clarify its policy outlook for 2023. It is important to note that while the Fed slowed the pace of rate hikes to 50 basis points at its December meeting, the committee said it expected terminal interest rates to rise sharply in 2023. TD Securities believes that terminal interest rates will reach a range of 5.25-5.50% at the FOMC meeting in May. At the same time, analysts expect US job creation to gain momentum in December and increase employment by the end of last year, the latest sign that the US labor market is still tight.
73 billion dollars a year! The American automobile industry begins the "era of burning money", betting on the transformation of trams.
So far, the United States has announced that investment in electric vehicle plants, battery plants and battery recycling projects has totaled more than $128 billion, with Guan Xuan's planned projects exceeding $73 billion in 2022 alone, more than triple the amount in 2021, according to data released this week by Atlas Public Policy, a US automotive research think-tank.
Review of US stocks
2022 US stocks closed: the three major indices closed lower, with the Nasdaq down more than 33 per cent for the year.
On Friday, the three major indexes of U. S. stocks closed down, ending their worst year since 2008. In 2022, the Dow is down 8.78%, the s & p is down 19.44%, and the Nasdaq is down 33.10%.
Among the hot technology stocks, Tesla, Inc. rose more than 1% on Friday, fell 65% for the whole of last year, Amazon.Com Inc fell nearly 50%, and Apple Inc and Microsoft Corp fell more than 20%.
Tesla, Inc. 's delivery volume in the fourth quarter set a record but fell short of expectations, and the delivery volume for the whole of last year increased by 40% compared with the same period last year.
Monday,$Tesla (TSLA.US)$The report on automobile production and delivery for the fourth quarter of 2022 was released. The company's total delivery volume in the fourth quarter was 405300 vehicles, another record, but below market expectations of 420800 vehicles; total production in the fourth quarter was 439700 vehicles, slightly exceeding expectations of 438800 vehicles. Tesla, Inc. 's total delivery volume for the whole year of 2022 reached 1.31 million, an increase of 40% over the same period last year, and the total output for the whole year of 2022 reached 1.37 million.
The first pretrial hearing on Microsoft Corp's acquisition of Activision Blizzard is scheduled to be held on January 3.
A judge is scheduled to sue the United States government on January 3.$Microsoft (MSFT.US)$$69 billion acquisition$Activision Blizzard (ATVI.US)$The first pretrial hearing was held in the case. Earlier this month, the Federal Trade Commission (FTC), which enforces the antitrust law, asked a judge to block the deal on the grounds that the merger would give Microsoft Corp's Xbox exclusive access to Activision games and snub Nintendo's console and Sony Group Corp's PlayStation. Microsoft Corp retorted that the deal would benefit both players and game companies, and offered to sign a legally binding consent order with the Federal Trade Commission to provide competitors, including Sony Group Corp, with a 10-year right to use call of Duty.
The upstream has made a lot of money! Exxon Mobil Corp and Chevron Corp earned 100 billion US dollars last year alone.
According to Wall Street expectations compiled by Sipp Capital IQ$Exxon Mobil (XOM.US)$The profit in 2022 is expected to exceed $56 billion.$Chevron (CVX.US)$Profits are expected to exceed $37 billion, and profits for both companies will hit record highs, totaling nearly $100 billion. On Friday, Exxon Mobil Corp's share price closed at $110.3, surging more than 87 per cent this year, while Chevron Corp's share price closed at $179.49, up more than 58 per cent for the year.
Oppenheimer: three large-cap biotechnology stocks will outperform the market in the first half of 2023
Oppenheimer analysts expect the annual healthcare rally in San Francisco in early 2023 to provide a positive boost to biotech stocks. However, he told investors in a research note that the fundamentals of the biotechnology industry were "still changing" and that there were two important trends that made it difficult for investors to choose small and medium-cap stocks, namely financing risk and regulatory complexity. He believes that some large-cap stocks will become "safe havens" in the first half of 2023, including$Gilead Sciences (GILD.US)$、$Vertex Pharmaceuticals (VRTX.US)$和$Regeneron Pharmaceuticals (REGN.US)$The three companies have "unique characteristics" and are likely to outperform the market in 2023. He added that Wall Street consensus expectations for Gilead were too conservative, that Futai's profit growth and pipeline were underestimated, and that the underlying business of Renewal would "shine" in 2023.
Last Friday, US stock turnover TOP20
The Prospect of Hong Kong City
Beishui poured into Tencent for six consecutive days, accumulating more than 4.3 billion Hong Kong dollars.
On Friday, December 30th, southbound funds bought a net HK $2.014 billion of Hong Kong stocks. Tencent, China Mobile Limited and Ping An Insurance received a net purchase of HK $763 million, HK $218 million and HK $181 million respectively, while Hang Seng Chinese enterprises led the way in net sales of HK $287 million.
Note: southbound funds have bought Tencent for 6 consecutive trading days, totaling about HK $4.307 billion.
Focus today
Keywords: China's December Caixin manufacturing PMI, US December Markit manufacturing PMI final value
Today, investors need to focus on China's December Caixin manufacturing PMI and the US December Markit manufacturing PMI final value.
Niuniu morning reading:
Invest in companies instead of stocks.
-- Warren Buffett