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Sina US stocks news Beijing time on the 11th morning, US stocks closed down on Friday, led by the financial sector. The risk of Brexit increased and the price of oil fell, which put pressure on US stocks.
At 16:00 on June 10th at 16:00 EST (04:00 on June 11th, Beijing time), the Dow Jones Industrial Average fell 119.85 points to 17,865.34 points, a decrease of 0.67%; the S&P 500 index fell 19.41 points. At 2,096.07 points, the decrease was 0.92%; the Nasdaq Composite Index fell 64.07 points to 4,894.55 points, a decrease of 1.29%.
The Dow rose 0.3% this week, the S&P 500 fell about 0.1%, and the Nasdaq fell about 1%.
Andres Jaime, global foreign exchange and exchange rate strategist at Barclays Bank, said: “The results of the UK polls have hit the market.†After the results of the poll show support for the expansion of the Brexit camp, the euro and the pound The exchange rate against the US dollar fell sharply.
Jamie said: "The details of this report are nothing special compared to the results of other polls. But it is a recent poll, and we are getting closer to the Brexit referendum. ."
Risk aversion swept the financial market, stocks, crude oil, and risky currencies plummeted, and gold soared. Treasury bonds such as Japan, Germany, the United States and the United States were sought after, and the German bond yields in Japan reached a record low.
US 10-year bond yields hit a new low on Friday. The yield on Japanese 10-year bonds, which is already in the negative-yielding region, continued to decline on Friday, and Japan’s 10-year bond yields fell to a minimum of -0.155%, a record low.
The forthcoming Brexit referendum and the European Central Bank’s move to acquire corporate bonds have strained investors, making British and German government bonds sought after, and government bond yields falling. German 10-year government bond yields fell to 0.01%.
Among the S&P 500 index, the financial sector led the decline, followed by the decline in the non-essential consumer goods sector. Most of the Dow component stocks fell. Caterpillar (CAT) and Goldman Sachs (GS) led the decline.
Lower crude oil prices are also one of the reasons for the decline in US stocks on Friday. Affected by the strength of the US dollar, US crude oil futures prices fell below $50. Investors are watching the Fed’s meeting on interest rates next week. Oil prices fell from their highest level in 10 months on Thursday, bringing the S&P 500 index and the Dow to a three-day trend.
Oil service giant Baker Hughes reported on Friday that 328 active oil drilling platforms last week, the former value of 325; active natural gas drilling platform 85, the former value of 82; the total number of drilling platforms 414, an increase of six, It rose for the second consecutive week.
US. Eric Wiegand, senior portfolio manager at Bank, said: "The S&P 500 is expected to continue to fluctuate this summer, but will remain within the trading range since last year. Investors are about to usher in the Brexit referendum Major events such as the second quarter earnings report and the Fed meeting."
After the weak non-farm payrolls data and the Fed’s chairman’s dovish speech, interest rate hikes have been expected to cool in the past few weeks, but investors are still worried about a possible rate hike after the summer.
In addition to the Fed meeting, investors are also worried about the Brexit referendum on June 23. The vote will determine whether the UK retains EU qualifications. The polls show that both sides are equal in strength.
Dave Jeal, director of investment products at brokerage Interactive Investor, said: "Investors are increasingly paying attention to the economic impact of the UK vote. They are trying to figure out what the vote will do in the UK, EU and global markets in the coming months. influences."
He said: "The trend of the next US interest rate meeting seems quite clear, but the uncertainty of interest rate hikes and continued concerns about global market growth, as well as the UK's Brexit referendum, will make more cautious investors wait and see. ""
The Fed has entered the silent period before the June 14-15 monetary policy meeting, so there was no speech by Fed officials on Friday.
Economic data, Thomson Reuters / University of Michigan report released on Friday showed that the initial value of the University of Michigan consumer confidence index fell to 94.3 in June from 94.7 in May, indicating that US consumers are more worried about the economic outlook, but This figure is still better than the average forecast of 93.8 by economists surveyed by MarketWatch.
In terms of sub-data, the current index of consumer perceptions of individuals' financial status rose from 109.9 in May to 111.7; the expected index to measure consumer perceptions over the next six months fell to 83.2 from 84.9 in May.
US Treasury: The US budget deficit in May was $53 billion. The US budget deficit for fiscal year 2016 is $407 billion, compared to $367 billion for the same period in fiscal 2015.
Shares in the stock market, Twitter (TWTR) shares fell, the company issued a notice to millions of users on Thursday, warning that their account is taken over risk. A previously file containing 33 million Twitter usernames and passwords was made public.
Shares in the US-listed Vale (VALE) fell after the Brazilian federal police on Thursday accused the company and BHP Billiton (BHP) of being responsible for the dam-breaking accident that killed 19 people last year.
Crude oil industry companies such as Chesapeake Energy (CHK)K, Anadarko Petroleum (APC) and Transocean (RIG) generally fell as oil prices fell.
Tesla (TLSA) shares have fallen, and the company's Model S electric vehicle suspension system is undergoing a potential defect assessment.
H&R Block (HRB) shares climbed, and the company's results after the close on Thursday exceeded market expectations.
Sophiris Bio (SPHS) shares rose sharply after the company's drugs for prostate cancer showed promising results in mid-term clinical trials.
In other markets, the Asian market generally closed down on Friday. China's stock market is closed for holidays.
The European market has generally fallen, and investors are pursuing the bond market because of concerns about the Brexit referendum. Due to the strength of the US dollar, metal futures prices generally fell.
British Brexit camp leads in polls
According to the opinion poll conducted by ORB for the British "Independent", the support rate of the "Brexit" camp is 10% higher than that of the "Leaving Europe" camp. At this time, there is still no time for the referendum on the EU status issue. In two weeks, the pound fell.
In the survey conducted from June 8 to 9, 55% of the 2,000 respondents supported the UK's withdrawal from the EU. The survey did not show how many respondents were still hesitant.
Friday's global government bond yields hit a record low
As investors flocked to pursue safe assets, global government bond prices generally rose on Friday, and government bond yields generally hit new lows. As of press time, Germany's 10-year government bond yields fell to 0.02%, a record low. The yield on UK 10-year Treasury bonds fell to 1.229%, also hitting a record low. Overnight Japanese 10-year bond yields fell to a record -0.155%.
The wave of decline in national bond yields also swept the US, and US Treasury yields fell to a multi-month low on Friday morning. As of press time, the yield on the US 10-year government bond fell to 1.649%, the lowest since February 11 (the US stocks fell to the near-term low).
At the same time, the yield on the US 30-year government bond fell to 2.451%, the lowest since February 2015. The 2-year bond yield fell to 0.755%, the lowest since May 13.
Not only the UK "Brexit" All Europe has made investors feel bad!
The risk of “Brexit†in the UK is not the only event that makes European investors unable to sleep at night. The rise in the Spanish elections, France, Austria and Italy in doubt about the party’s momentum is another risk.
Analysts said that Spain will hold another general election every six months on June 26, and the political campaigns of various political parties will officially kick off this weekend. Most investors hope that the Spanish People’s Party led by Prime Minister Rajoy will get the majority of votes in this election. To end the state of the government's continued "hanging". The last Spanish election will be held in December. The four major political parties in Spain do not occupy an absolute majority in the Congress, so it is impossible to form an effective responsible cabinet.
The unfortunate news for European investors is that recent polls show that Spain's political stalemate may continue, which will make the government more than enough to overcome the financial crisis. A poll released on Friday (June 10) shows that the Social Democrats who oppose the austerity may get the most benefit in the future elections, but will not beat the majority of the People's Party.
Jane Foley, senior partner of the Dutch cooperative bank, said that the global market will encounter a round of risk aversion after Friday (June 10). She said that the difficulty of consistency in Europe now is not only the Brexit issue in the UK, but all the problems that have arisen in Europe.
On June 23, British voters will vote to decide whether the UK should leave the EU. Economists say the "Brexit" vote could trigger widespread global market turmoil and plunge the UK economy into recession.
U.S. University of Michigan’s consumer confidence declines in June
According to a report released by Thomson Reuters/University of Michigan on Friday, the initial value of the University of Michigan consumer confidence index fell to 94.3 in June from 94.7 in May, indicating that US consumers are more worried about the economic outlook, but this data is still Better than the average forecast of 93.8 by economists surveyed by MarketWatch.
In terms of sub-data, the current index of consumer perceptions of individuals' financial status rose to 111.7 from 109.9 in May; the expected index of consumer perceptions over the next six months fell to 83.2 from 84.9 in May.
Richard Curtin, an economist at the University of Michigan, who directed the survey, said in a statement that if job growth is slowing as reflected in the May nonfarm payrolls report, consumer confidence and spending will be weighed down.
Gold futures closed 0.3% higher on Friday, rising for the second consecutive week
Gold futures prices closed higher on Friday, rising for the second consecutive week. The weak global stock market boosted the safe-haven investment demand in the precious metals market. However, the dollar exchange rate has risen this week, which has limited the growth of gold futures.
Gold futures for August delivery on the New York Mercantile Exchange rose $3.20, or 0.3%, to close at $1,275.90 per ounce. Gold futures prices rose 2.7% throughout the week.
Nico Pantelis, head of research at Secular Investor, said gold futures prices are now above $1,260, and the sword is 1300 points, which may be tested as early as next week. He pointed out: "The price of gold is strong and it is happening at the same time as the US dollar exchange rate is strong."
US WTI crude oil closed down 3% below $50 on Friday
Crude oil futures prices closed down on Friday. The number of active crude oil drilling in the United States has increased for the second consecutive week, which has caused the market to worry that crude oil production will increase. West Texas Intermediate (WTI) futures for July delivery on the New York Mercantile Exchange fell $1.49, or 3%, to close at $49.07 a barrel. WTI futures rose 0.9% for the week.
Brent crude on the London Intercontinental Exchange fell $1.41, or 2.71%, to close at $50.54 a barrel.
The general decline in European and American stock markets has also increased the downward pressure on oil and US WTI crude oil. However, the continued fermentation disruption in Nigeria has limited the downside of oil prices. According to media reports on Friday, the Niger Delta Avengers armed group attacked the crude oil facilities of Italy's Eni Group, which increased the risk of further decline in crude oil production in the country. (Zhang Jun)
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