富途早报 | 美联储青睐通胀指标如期降温,鲍威尔重申不急于降息;特斯拉又涨价!Model Y全系调高5000元

Futu Morning Post | The Federal Reserve favors the inflation index to cool down as scheduled. Powell reiterated that it was not in a hurry to cut interest rates; Tesla raised prices again! The entire Model Y series was raised by 5,000 yuan

Futu News ·  Apr 1 07:56

Hot news

  • The Federal Reserve favors inflation indicators in February, as market expectations cooled down, and spending rebounded beyond expectations

The US core PCE price index rose 2.8% year on year in February, the lowest since March 2021. In line with market expectations, it was 2.9% slower than the 0.1 percentage point increase in January. Core PCE growth slowed to 0.3% month-on-month in February, which is also in line with expectations. The growth rate was revised up from 0.4% to 0.5% in January. Driven by rising gasoline prices, the PCE price index grew faster than 2.4% in January to 2.5% in February. This was the first recovery rate since September last year. PCE increased 0.3% month-on-month, and all growth rates were in line with expectations.

  • Powell reiterated that the Federal Reserve is in no hurry to cut interest rates, believing that the February core PCE “basically met expectations”

Federal Reserve Chairman Powell said that the Federal Reserve hopes to see more “positive” inflation data to boost confidence. The Federal Reserve will not “overreact” to these two months' data, and will continue to carefully grasp the timing of interest rate cuts. Powell reiterated his statement at the post-Federal Reserve press conference earlier this month and expects inflation to continue to decline on a “bumpy path.” He said that if inflation does not decline, the Federal Reserve may maintain high interest rates for a longer period of time.

  • China's official manufacturing PMI for March was 50.8, returning to the expansion range. In March, the non-manufacturing PMI accelerated expansion

According to data from the National Bureau of Statistics, market activity increased in March as enterprises accelerated the resumption of work and production after the Spring Festival. In March, China's manufacturing PMI rebounded strongly by 1.7 percentage points from February to a record high in a year. Of the 21 industries surveyed, 15 were in the expansion range, an increase of 10 over February, and the manufacturing boom expanded markedly. The non-manufacturing business activity index for March was 53.0%, up 1.6 percentage points from February. It has been rising for four consecutive months, indicating that the level of non-manufacturing sentiment continues to rise.

  • Goldman Sachs: Gold is expected to reach 2,300 US dollars by the end of the year, and the price of copper will rise to 10,000 US dollars

On March 28, Goldman Sachs analysts Nicholas Snowdon and Lavinia Forcellese pointed out in their report that by the end of the year, copper will rise to 10,000 US dollars per ton, aluminum will rise to 2,600 US dollars per ton, and gold will be 2,300 US dollars per ounce: copper will have a supply gap of 250,000 tons in the second quarter, a supply gap of 450,000 tons in the second half of 2024, and copper will rise to 10,000 US dollars per ton by the end of the year.

Company news

  • The price of the Tesla Model Y series increased by 5,000 yuan

$Tesla (TSLA.US)$The price of the entire Model Y series increased by 5,000 yuan. Tesla China raised the price of the Model Y to 263,900 yuan, raised the price of the Model Y long battery life version to 304,900 yuan, and raised the price of the Model Y high-performance version to 368,900 yuan. The price increase was 5,000 yuan.

  • Microsoft and OpenAI plan to invest $100 billion to build a “Stargate” AI supercomputer

According to the media,$Microsoft (MSFT.US)$OpenAI and OpenAI plan to invest $100 billion to build the “Stargate” (Stargate) AI supercomputer. OpenAI's next major artificial intelligence upgrade is expected to be implemented early next year. Microsoft executives hope to release the “Stargate” (Stargate) AI supercomputer as early as 2028. Additionally, Microsoft and OpenAI plan to develop data center projects for AI.

  • Worried about “leaks”! US House of Representatives bans workers from using Microsoft Copilot

According to local media reports, the US House of Representatives has now strictly prohibited congressional workers from using Microsoft's Copilot generative artificial intelligence assistant. According to reports, the Chief Executive of the House of Representatives Catherine Szpindor stated in a guide sent to the National Assembly Office, “The Office of Cybersecurity believes that the Microsoft Copilot application poses a risk because it may leak sensitive data from the House of Representatives to cloud services not approved by the House of Representatives.”

  • Xiaomi SU7 will be delivered as early as April 3, and will be on the market 24 hours a day, with 88898 units

$XIAOMI-W (01810.HK)$Delivery of the original version of the SU7 began as early as April 3. Delivery of the non-original version of the Xiaomi SU7 and Xiaomi SU7 Max began at the end of April, and the launch delivery of the Xiaomi SU7 Pro began at the end of May. Xiaomi said the factory is making every effort to increase production capacity and fully mobilizing supply chain partners to ensure supply. Lei Jun posted a microblog on Sunday saying that the second round of additional sales will begin. The deposit is 20,000 yuan, and the order is locked as soon as the order is placed. In this round of ordering, you can also enjoy the same luxury car purchase benefits of up to 31,000 yuan as on Thursday night, March 28.

  • Meta failed to prevent the US Federal Trade Commission from reviewing its privacy policy

$Meta Platforms (META.US)$It failed to persuade the Federal Court of Appeals to delay the US Federal Trade Commission (FTC)'s re-examination of Facebook's alleged violation of privacy. The Washington DC Circuit Court of Appeals ruled on Friday that Meta did not meet strict requirements for any of its five constitutional challenges. Earlier, the court also rejected another request from Meta in a related case to suspend the investigation announced by the US Federal Trade Commission last year, despite Meta's objections, saying it had already paid $5 billion in fines and agreed to adopt a series of safeguards.

  • AMD's unannounced Instinct MI388X AI GPU revealed

$Advanced Micro Devices (AMD.US)$The company recently submitted a lengthy 10K regulatory document to the US Securities and Exchange Commission, which mentions the unreleased MI388X AI accelerator card. Note: AMD does not mention the Instinct MI388X accelerator card specification information in this 10K document. Judging from the X suffix, it should be a product for AI and HPC, similar to the recently launched MI300X accelerator.

  • What opportunity did you smell? The market was violently shorted, but Buffett boosted his position on this company

Recently, through a series of deals, Berkshire significantly increased its free media holdings at a cost of 368 million US dollars$Liberty SiriusXM Series A (LSXMA.US)$Shares, increasing the shareholding ratio to about 30%. Free Media is essentially a tracking stock of Sirius XM, a satellite broadcasting company controlled by American media mogul John Malone, and owns Sirius XM$Sirius XM (SIRI.US)$Approximately 80% of the shares. However, Berkshire's aggressive increase in positions contrasted with the bearish sentiment in the market. Sirius XM was violently shorted this year, with a drop of 29%.

Today's attention

Keywords: China Caixin manufacturing PMI, US ISM manufacturing PMI; Hong Kong stock market closed

On Monday, in terms of economic data, investors can pay attention to China's Caixin manufacturing PMI for March, the US ISM manufacturing PMI for March, the final value of S&P's global manufacturing PMI for March, and the monthly construction expenditure rate for February.

In February, Caixin's manufacturing PMI rose slightly to 50.9, a slight increase of 0.1 percentage points from the previous month. It has been expanding for four consecutive months, indicating that the manufacturing boom continues to improve. On March 31, data released by the National Bureau of Statistics showed that in March, the official manufacturing purchasing managers' index (PMI) was 50.8%, up 1.7 percentage points from the previous month, returning to the expansion range.

In terms of delivery data, NEV companies such as Tesla, BYD, and “Wei Xiaoli” have begun to release delivery data for the first quarter.

In the last quarter of 2023, BYD surpassed Tesla to become the world's best-selling tram manufacturer, so the delivery data of the two car companies will receive investors' attention.

Tesla will release delivery data for the first quarter of 2024 as early as the same day, and then the profit situation for the first quarter will be announced on April 17. Just before it released key data, several Wall Street analysts lowered their expectations for delivery data next week and further lowered their share price targets due to weak demand and increased competition.

Also, due to the Easter holidays, the Hong Kong stock market was closed for one day, and southbound and northbound trading was closed.


Futubull Chen read:

Don't expect yourself to be right every time; if you make a mistake, the sooner you stop loss, the better.

—Bernard Baruch


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