Overnight external: European and Us stock markets across the board fell nasdaq heavy 3.74% Meta Platforms plunge 26.39%

2022-05-18 0 By

The Dow Jones Industrial Average fell 518.17 points, or 1.45%, to 35111.16.The Nasdaq fell 538.73 points, or 3.74%, to 13878.82.The S&P 500 fell 111.94 points, or 2.44%, to 4,477.44.Meta Platforms closed down 26.39%, wiping $237 billion off market capitalization, the largest one-day market cap drop in US stock market history. Amazon fell nearly 8%, Netflix fell more than 5%, Microsoft fell nearly 4%, Google A fell more than 3%;Platforms, social media stocks fell across the board, with Snap down more than 23%, Spotify down more than 16%, And Twitter down more than 5%.Most of the popular Chinese stocks fell, iQiyi down more than 5%, Pindoduo, Shell down more than 4%, Xiaopeng Automobile, bilibili down more than 3%, Nio, Baidu, Ideal Automobile down more than 2%.European markets: The FTSE 100 closed at 7,528.84, down 54.16 points, or 0.71 percent, on Thursday, with major indexes across Europe down.France’s CAC40 index closed at 7005.63, down 109.64 points, or 1.54 percent.Germany’s DAX30 index fell 245.30 points, or 1.57 percent, to 15,368.47.Commodity markets: Oil prices rose sharply Thursday, with New York crude for March delivery ending up $2.01, or 2.28%, at $90.27 a barrel, the first time it has crossed the $90 mark since October 2014.Brent crude for April delivery ended up $1.64, or 1.83 percent, at $91.11 a barrel.International gold prices fell, with comex gold futures for April delivery down $6.2, or 0.34 percent, at $1,804.1 an ounce at the close.Here’s a round-up of key global market news: $237 billion overnight!On Thursday, Internet platform company Meta Platforms closed down 26.39%, meaning the company has lost $237 billion in market value in just one day.The figure also beats the previous record of $180bn wiped off Apple’s market value in a single day in September 2020.The main trigger for the sell-off was Wednesday’s after-hours earnings report, which not only missed expectations but also surprised the market with first-quarter revenue guidance.Has the ECB changed its policy stance?Lagarde’s turn to show signs of eagle euros for five consecutive days lift on Thursday local time, while “the bank of England almost unconventional raise interest rates 50 basis points” to grab the headlines of monetary policy, but on the same day to update the resolution of the European central bank monetary policy also quiet has changed: not to mention “interest rates are unlikely to years” this matter.Ms Lagarde told a news conference that eurozone inflation was likely to remain higher for longer than previously thought, but would still fall during the year.Risks to the inflation outlook are focused on moving higher relative to December’s policy outlook, particularly in the near term, as conditions have indeed changed.First consecutive rate hikes in 18 years!The Bank of England raised interest rates back to back on Thursday for the first time since 2004.At the same time, the Bank of England has also started a programme of passive balance-sheet shrinking and selling corporate bonds.With inflation already at a 30-year high in December, markets already expect the Bank of England to tighten monetary policy aggressively, possibly raising rates five or more times this year, with rates rising to 1.5 per cent in September.However, as the economy has not fully recovered and the COVID-19 epidemic is still not completely over, the central bank’s “great strides in raising interest rates” may face the risk of policy mistakes.How much revenue will COVID-19 oral drugs boost?After the novel coronavirus vaccine became the “money-printing machine” of the world’s top pharmaceutical companies, the novel coronavirus oral medicine at the end of last year has naturally become a coveting draught in the capital market, and Merck’s latest financial results also provide the market with the latest reference coordinates.Sales and revenue guidance for Molnupiravir were disclosed for the first time in the company’s earnings report Thursday.Sales of the drug were $952 million in the fourth quarter, and the company expects the drug alone to generate $5 billion to $6 billion in revenue by 2022.U.S. oil futures rose 2.28% Thursday to break through the $90 level amid a slew of supply-side pressure news, adding fuel to the global inflation jitters.While the COVID-19 pandemic remains a negative factor hanging over demand, the impact of the omicron wave on major consuming countries is diminishing, while the combination of weak OPEC production and adverse weather conditions on oil production is supporting the rally.Amazon’s q4 net sales were $137.4 billion, up 9% from a year earlier. Analysts expected $137.82 billion.Operating profit for the fourth quarter was $3.5 billion, up 98% from a year earlier and estimated at $2.43 billion.Earnings per share of $27.75 versus $3.77 estimated;Estimated first-quarter net sales of $112 billion to $117 billion;Forecast first-quarter operating profit of $3 billion to $6 billion, versus estimates of $6.06 billion.Prime membership will rise to $139 a year, up from $119.The Dow Jones Industrial Average fell 518.17 points, or 1.45%, to 35111.16 at the close of trading Thursday.The Nasdaq fell 538.73 points, or 3.74%, to 13878.82.The S&P 500 fell 111.94 points, or 2.44%, to 4,477.44.Meta Platforms closed down 26.39%, wiping $237 billion off its market capitalization, the biggest market cap decline in THE history of the US stock market. Amazon fell nearly 8%, Netflix fell more than 5%, Microsoft fell nearly 4%, And Google-A fell more than 3%.Platforms, social media stocks fell across the board, with Snap down more than 23%, Spotify down more than 16%, And Twitter down more than 5%.Most of the popular Chinese stocks fell, iQiyi down more than 5%, Pindoduo, Shell down more than 4%, Xiaopeng Automobile, bilibili down more than 3%, Nio, Baidu, Ideal Automobile down more than 2%.The FTSE 100 index closed at 7,528.84, down 54.16 points, or 0.71 percent, at the close of trading on Thursday, as major European indexes fell across the board.France’s CAC40 index closed at 7005.63, down 109.64 points, or 1.54 percent.Germany’s DAX30 index fell 245.30 points, or 1.57 percent, to 15,368.47.New energy vehicles, online education and blockchain stocks fell on Thursday, with Xiaopeng Automobile down more than 3%, Nio and Ideal Automobile down more than 2%.51Talk fell more than 11%, Handheld education fell more than 5%, bilibili fell more than 3%;Jiannan technology fell more than 6%, the9, Thunderbolt fell more than 5%.Other Chinese stocks, Wuxin Technology, Zhihu, Dada, iQiyi fell more than 5%, Huya, Jinshan cloud fell nearly 5%, Pindoduo, Douyu, Good future, shell fell more than 4%, Tencent Music, Vipshop fell more than 3%, Baidu, Huanju, Sohu, Didi fell more than 2%, JINGdong fell more than 1%;Alibaba rose slightly, ding Dong buy vegetables up nearly 4%.Platforms fell more than 26% on Thursday eastern time, wiping out more than $230 billion in market value, with Amazon down more than 7%, Netflix down more than 5%, Microsoft, Google down more than 3% and Apple down more than 1%.Chip stocks closed down, with Anson Semiconductor down more than 7%, Citaxion, Texas Instruments, STMICROELECTRONICS down more than 6%, ASML, NXP Semiconductor down nearly 6%, Nvidia down more than 5%, Qualcomm down more than 4%, Broadcom, Applied Materials, Micron Technology down more than 3%, Intel, Cyrynx, AMD, Chip chip down more than 2%.(Article source: Oriental Wealth Research Center) Follow the wechat public account of Oriental Wealth and push authoritative and professional financial information to you every day!