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美股早市 | 美国PPI数据低于预期!市场情绪回暖,中概股、量子计算、无人机、机器人概念股全线飙升,Richtech Robotics暴涨近50%

US stock early market | USA PPI data is below expectations! Market sentiment has improved, stocks related to Chinese concepts, quantum computing, Drones, and Robot Concept all surged, with Richtech Robotics soaring nearly 50%.

Jan 14 23:27

On the evening of the 14th Beijing time, the US stock market opened higher on Tuesday. The PPI in the USA for December rose less than expected, indicating a reduction in inflationary pressure. It is reported that the Trump team is considering gradually increasing import taxes to prevent a sudden spike in inflation.

As of the time of publication, the three major US stock indices are up, $Nasdaq Composite Index (.IXIC.US)$ up 0.64%, $S&P 500 Index (.SPX.US)$ 0.40%, $Dow Jones Industrial Average (.DJI.US)$ up 0.36%.

The U.S. Department of Labor reported that the producer price index in the USA increased by 0.2% month-on-month in December, which is lower than market expectations.

In terms of specific data, the U.S. Bureau of Labor Statistics reported that the final demand PPI rose by 0.2% month-on-month in December, compared to an increase of 0.4% in the previous month. The median estimate was an increase of 0.4%; the forecast range of 51 economists was an increase of 0.1%-0.5%.

The final demand PPI increased by 3.3% year-on-year, with an estimated increase of 3.5%.

Excluding food and energy, the final demand PPI remained flat month-on-month, with an expected growth of 0.3%. The final demand PPI excluding food and energy increased by 3.5% year-on-year, with an estimated increase of 3.8%. The final demand PPI excluding food, energy, and trade services grew by 0.1% month-on-month and increased by 3.3% year-on-year.

Economists surveyed by Dow Jones previously predicted that this overall data measuring wholesale inflation would increase by 0.4%, while the core data excluding food and energy would rise by 0.3%.

Economists are closely watching the PPI report as several of its components relate to the inflation indicator preferred by the Federal Reserve - the PCE Index. These categories showed mixed results in December, with hospital care unchanged, and a slight increase in physician services and portfolio management. However, airfare prices saw the largest increase since March 2022. Additionally, the PPI report indicated that food prices fell by 0.1%, with vegetable prices dropping nearly 15%, while energy prices rose by 3.5%.

Analysts from IGM indicate that the USA's December PPI inflation is significantly lower than expected. Overall data shows a year-on-year increase of 3.3%, which is below the market consensus forecast of 3.5%, while the Indicators excluding food and Energy only increased by 3.5% year-on-year, lower than the expected 3.8%. These data provide a positive signal for the Federal Reserve's next steps, but it does not necessarily mean that weak CPI results will be seen in the coming months.

Analysts believe that the U.S. December PPI data rose moderately, but this is unlikely to change the view that the Federal Reserve will not lower interest rates again before the second half of this year, due to the strong performance of the labor market.

Currently, at least one Wall Street institution (Bank of America) believes that the Federal Reserve's easing cycle has ended. Goldman Sachs expects there will be two rate cuts in June and December of this year, down from the previously projected three.

Wholesale price inflation in the USA unexpectedly cooled in December, benefiting from a decline in food costs and stable service prices, which may help alleviate concerns about persistent price pressures.

Another economic report on Tuesday showed that the small business confidence index soared in December, reaching its highest level since October 2018, due to expectations that Trump would introduce bullish policies.

The National Federation of Independent Business (NFIB) small business owner confidence index rose by 3.4 points last month to 105.1, after recording the largest monthly increase in November. Improvements were seen in 7 out of 10 classification indices, with the net proportion of businesses expecting a better business environment soaring by 16 points, bringing the index to its highest monthly level since 2002.

On Wednesday, the US Department of Labor will also release the highly anticipated Consumer Price Index (CPI) report.

After last week's strong non-farm payroll report, the December PPI and Wednesday's CPI will become market catalysts and provide a basis for assessing the Federal Reserve's next rate policy action.

Adam Turnquist, chief technical strategist at LPL Financial, stated: "In the short term, the market has returned to a period where good news is bad news. However, it is important to remember that long-term, good economic news usually favors the stock market because it indicates growth better than expected, potential upside in earnings, and a reduced risk of recession."

Federal funds futures trading indicates that it is almost certain the Federal Reserve will keep interest rates unchanged at the conclusion of its two-day monetary policy meeting later this month.

According to the CME's FedWatch Tool, the market pricing also indicates an 80% likelihood that interest rates will remain within the current target range of 4.25%-4.5% in March.

In terms of Earnings Reports, banking giants will kick off the fourth quarter earnings season this week, with JPMorgan, Citigroup, Goldman Sachs, and Wells Fargo scheduled to announce their earnings on Wednesday. Morgan Stanley and Bank of America are set to release their reports on Thursday.

The market is also watching the policy outlook following Trump's ascension to power. According to informed sources, Trump's team discussed a strategy of gradually raising import tariffs monthly, approximately between 2% and 5%, rather than implementing a significant increase at once.

During his campaign, Trump proposed a 10% to 20% import tax on all imported goods. Following Trump's election in November, there have been ongoing reports about how he would implement trade policies. Earlier reports indicated Trump intended to scale back the import tax, but he dismissed them as fake news.

This week, the market will focus on corporate earnings from the USA. Banks such as Citigroup, JPMorgan, and Goldman Sachs will release their earnings on Wednesday. The EPS for S&P 500 Index companies is expected to grow by 7.3% year-on-year in the fourth quarter.

Focus on individual stocks

Growth Tech stocks generally rose. $Tesla (TSLA.US)$ Increased by over 3%. $Amazon (AMZN.US)$$Broadcom (AVGO.US)$ Increased by over 1%.

China Assets ETF and Chinese concept stocks surged collectively. $Direxion Daily FTSE China Bull 3X Shares ETF (YINN.US)$ Increased by more than 6%, $Direxion Daily CSI 300 China A Share Bull 2X Shares (CHAU.US)$$Direxion Daily CSI China Internet Index Bull 2x Shares ETF (CWEB.US)$ Increased by over 5%; in terms of individual stocks, $XPeng (XPEV.US)$ Increased by over 7%. $JD.com (JD.US)$$MINISO (MNSO.US)$ Increased by more than 4%.

Drone Concept Stocks are performing strongly. $Palladyne AI (PDYN.US)$ Rising nearly 23%. $Unusual Machines (UMAC.US)$$Vertical Aerospace (EVTL.US)$ Increased by over 12%. $Red Cat Holdings (RCAT.US)$ Increased by more than 7%.

Quantum Computing concept stocks have seen a strong rebound, $Rigetti Computing (RGTI.US)$ rising over 33%, $Quantum Computing (QUBT.US)$ over 19% increase, $D-Wave Quantum (QBTS.US)$ Increased by over 18%.

Robot Concept stocks soared. $Richtech Robotics (RR.US)$ Increased by over 49%. $Guardforce AI (GFAI.US)$$Palladyne AI (PDYN.US)$ Increased by over 23%, $Nauticus Robotics (KITT.US)$$Serve Robotics (SERV.US)$ Increased by over 16%.

Bitcoin once returned to $97,000, and stocks related to the Cryptos Concept strengthened. $TeraWulf (WULF.US)$ Increased by more than 10%. $MicroStrategy (MSTR.US)$$Coinbase (COIN.US)$ Increased by more than 4%.

Entering the nuclear energy market! $KULR Technology (KULR.US)$ Surged nearly 17%, announced the signing of a multimillion-dollar licensing agreement to provide advanced Carbon Fiber cathode applications for nuclear reactor systems in Japan.

NVIDIA Hold Positions Concept Stocks. $Applied Digital (APLD.US)$ Soaring over 16%! Investment bank Macquarie will invest up to 5 billion USD in the company's AI datacenter and will Hold 15% of the shares.

$Eli Lilly and Co (LLY.US)$ Falling nearly 7%, Q4 performance expectations are slightly disappointing, and the revenue guidance upper limit for 2025 exceeds expectations.

Editor/Somer

The translation is provided by third-party software.


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