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富途早报 | 美国12月PPI意外降温!华尔街紧张备战CPI发布日;量子计算股强劲反弹,RGTI飙涨48%

Futu Morning Report | USA's December PPI unexpectedly cools down! Wall Street nervously prepares for CPI release day; quantum computing stocks rebound strongly, RGTI surges 48%.

Futu News ·  Jan 15 08:17

Hot News

  • The PPI in the USA for December grew less than expected, with a month-on-month growth rate slowing to 0.2%.

The PPI in the USA unexpectedly cooled in December, with a month-on-month increase of 0.2%, while economists expected growth to remain unchanged at 0.4% for November. The December PPI and core PPI grew year-on-year by 3.3% and 3.5% respectively, the highest growth rate since February 2023, but below economists' expectations.

  • The latest 'hawk-dove distribution' from the Federal Reserve for 2025 shows significant internal differences.

According to the latest 'hawk-dove distribution' chart, the policy scores of the voting committee members in 2025 differ more compared to last year. Analysts believe that there may be more internal disagreements in the committee in 2025, especially considering the changes in trade and immigration policies since Trump's administration, which could have a significant impact on the USA supply chain.

  • Wall Street bets on a significant market fluctuation on the day of the USA CPI report, with traders nervously preparing.

Options traders are anticipating the busiest CPI release day for the S&P 500 Index since March 2023. Citigroup stated that the S&P 500 Index could rise by 1% or fall by 1% on the day the CPI data is released. This is the largest implied volatility before the CPI data announcement since the regional banking crisis in March 2023.

  • Biden is taking significant actions! He has signed an executive order to accelerate the development of AI infrastructure.

President Biden of the USA signed an executive order to promote the construction of AI infrastructure, focusing on the energy demand of Datacenters. The order requires the Department of Defense and the Department of Energy to lease federal land for the construction of AI Datacenters and clean energy facilities by the private sector.

  • Bank of America: Interest rate cuts have become history, and it is now time to discuss why the Federal Reserve would raise interest rates.

Bank of America believes that the latest non-farm payroll data indicates that the employment stabilization goal has been achieved, making further interest rate cuts by the Federal Reserve unnecessary. If the year-on-year growth rate of the core PCE price Index exceeds 3% and long-term inflation expectations become uncontrolled, it will lay the foundation for the Federal Reserve's next interest rate hike.

  • Expectations of interest rate hikes by the Bank of Japan rise next week: The yield on 40-year government bonds hits a new high.

Following signals of interest rate hikes released by the Governor of the Bank of Japan, Ueda Kazuo, Vice Governor Iimi Noriyuki also stated that the Board of Directors of the central bank would discuss whether to raise the policy interest rate. Continuous signals of rate hikes, combined with ongoing disturbances from the global bond sell-off, have pushed the yield on Japan's 40-year government bonds to a historic high of 2.755%.

Review of the U.S. stock market.

  • The three major indices had mixed results, with the Quantum Computing concept rebounding, RGTI soaring by 48%; popular China Concept Stocks rose broadly, with Xiaopeng increasing by nearly 7%.

At the close, the Dow Jones Industrial Average rose 0.52% to 42,517.79 points; the S&P 500 Index rose 0.11% to 5,842.86 points; the Nasdaq fell 0.23% to 19,044.39 points.

After a sharp decline on Monday, Quantum Computing concept stocks rebounded significantly, with Rigetti Computing rising about 48% on Tuesday, D-Wave Quantum up 23.5%, Quantum Computing nearly 14% higher, and Qantum rising over 7%.

Technology stocks continued to fall, with investors flocking to Utilities, Financials, and Materials, all of which saw gains of over 1%.

Eli Lilly and Co's stock price fell 6.6%, marking its worst single-day performance since March 2021.

The Magnificent 7 all experienced declines, with Apple down 0.48%, Microsoft down 0.36%, NVIDIA down 1.10%, Alphabet down 0.71%, Amazon down 0.32%, Meta down 2.31%, and Tesla down 1.72%.

China Concept Stocks rose collectively, with the Nasdaq China Golden Dragon Index up 2.10%, Xpeng Motors increasing 6.77%, JD.com rising 4.04%, PDD Holdings up 2.24%, Alibaba rising 1.42%, Li Auto up 2.81%, Bilibili rising 3.42%, Baidu up 1.79%, NetEase up 1.89%, Tencent Music up 1.65%, and iQIYI up 1.09%.

  • Bitcoin surged to over $97,000 overnight, with MicroStrategy rising more than 4%.

$MicroStrategy (MSTR.US)$ It closed up 4.19%, as the company decisively chose to buy Bitcoin amid a significant drop in Bitcoin prices due to sharply rising US Treasury yields in recent days.

The price of Bitcoin briefly surpassed $97,000 last night. The company's purchase this time is also to inform global cryptocurrency enthusiasts of its efforts to stabilize the recent sharp decline in Bitcoin prices, as well as its long-term confidence in holding Bitcoin.

  • Eli Lilly and Co fell over 6%, as the demand for weight loss drugs dragged down Q4 performance, which may fall short of expectations, while the revenue guidance exceeded expectations.

By the close of trading,$Eli Lilly and Co (LLY.US)$It closed down 6.59%, at $744.91. The company's Q4 revenue forecast fell short of expectations due to lower than anticipated growth in weight loss drug demand and insufficient year-end inventory levels.

Eli Lilly and Co has missed sales targets for two consecutive quarters due to forecasting errors. Analysts state that the market has extremely high expectations for its growth, leaving Eli Lilly with almost no room for error. Despite this, Eli Lilly optimistic predicts that revenue will reach between 58 billion and 61 billion USD in 2025, surpassing market expectations.

  • "The outlook for 'freedom' is near, and 'the two housing agencies' are rising! Fannie Mae and Freddie Mac saw increases of over 20%.

On Tuesday, $FREDDIE MAC (FMCC.US)$ The closing rose by 21.09%.$FEDERAL NATIONAL MORTGAGE ASSOC (FNMA.US)$Freddie Mac closed up 28.23%.

This recent rise in the two housing agencies began when the U.S. government released a new framework for an 'orderly' exit from conservatorship, allowing both companies to potentially leave the government conservatorship that has lasted since the financial crisis of 2008.

  • Meta plans to lay off 5% of its workforce, with Zuckerberg stating that the pace of low-performance employee eliminations will be accelerated.

An internal memo shows that $Meta Platforms (META.US)$ The company is planning to lay off about 5% of low-performing employees and intends to fill their positions again this year.

CEO Zuckerberg stated in a memo that the decision was made to raise the standards of performance management and to eliminate low-performing employees more quickly, and the company will "provide generous severance pay."

The memo indicates that the company expects a "non-regrettable" natural attrition rate of 10% by the end of the current performance cycle, which includes about 5% of non-regrettable natural attrition in 2024. This means the goal is to let about 5% of current employees leave.

  • On the eve of taking office, the SEC sued Musk.

The USA Securities and Exchange Commission (SEC) filed a lawsuit against Elon Musk on Tuesday, accusing the billionaire of allegedly violating securities regulations in 2022 by failing to disclose his stock holdings in Twitter and buying stocks at a 'manipulated low price.'

  • The regulatory authorities in the United Kingdom will investigate Google's search services.

According to the new digital market competition regime effective January 1, 2025, the Competition and Markets Authority (CMA) in the United Kingdom launched the first "Strategic Market Status" (SMS) designation investigation on January 14.

The investigation will assess $Alphabet-A (GOOGL.US)$ the position in the search and search advertising services sector, as well as its impact on consumers and businesses (including advertisers, news publishers, and competing search engines).

  • Toyota Motor requires its North American employees to work in the office for four days a week.

$Toyota Motor (TM.US)$ It will require employees at its North American company to return to the office for four days a week starting in September, hoping to strengthen interaction and improve work efficiency.

This change will apply to all salaried employees of Toyota Motor's North American company and Toyota Financial Services North America, with certain job positions excluded. Toyota Motor stated that failing to comply with the regulations may result in termination.

Top 20 by trading volume

Hong Kong market outlook

On January 14th (Tuesday), southbound capital net bought Hong Kong stocks for 12.183 billion Hong Kong dollars.

$TENCENT (00700.HK)$$SMIC (00981.HK)$$BABA-W (09988.HK)$Net purchases were 3.153 billion Hong Kong dollars, 1.331 billion Hong Kong dollars, and 1.133 billion Hong Kong dollars respectively;

$XPENG-W (09868.HK)$A net sell-off of 80.41 million Hong Kong dollars occurred.

  • CM BANK: The net income for 2024 is 148.391 billion yuan, a year-on-year increase of 1.22%.

$CM BANK (03968.HK)$ Announcement: The operating revenue for 2024 is 337.537 billion yuan, a year-on-year decrease of 0.47%; the net income attributable to the shareholders of the bank is 148.391 billion yuan, a year-on-year increase of 1.22%.

Today's focus

Keywords: USA December CPI data, bank stock performance, Federal Reserve officials' speeches.

On Wednesday, in terms of economic data, investors should focus on the USA December CPI data. Additionally, the USA January New York Federal Reserve Manufacturing Index and USA crude oil inventories for the week ending January 10 are also worth noting.

In terms of financial events, several Federal Reserve officials will deliver speeches, including FOMC permanent voting member, New York Federal Reserve Chairman Williams delivering an opening speech at an event; 2027 FOMC voting member, Richmond Federal Reserve Chairman Barkin; and 2026 FOMC voting member, Minneapolis Federal Reserve Chairman Kashkari delivering welcoming remarks at a regional economic conference hosted by the Minneapolis Federal Reserve and participating in a fireside chat.

In terms of performance, the US stock market Q4 Earnings Reports season officially kicks off. $Wells Fargo & Co (WFC.US)$$Blackrock (BLK.US)$$JPMorgan (JPM.US)$$Citigroup (C.US)$$Goldman Sachs (GS.US)$ Waiting for the earnings reports in Pre-Market Trading.

Regarding the IPOs, $SAIMO (02571.HK)$ Going public in Hong Kong.

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Futubull Morning News:

Interest rates are like the gravitational force in investments.

—— Warren Buffett

Editor/Danial

The translation is provided by third-party software.


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