AvaTrade AvaTrade official website: Fed slows down
  Source:AvaTrade 2022-12-16 13:32:10
Description:
On Thursday, U.S. time, the latest U.S. leaders’ jobless claims hinted that the job market has cooled down, which may help the Federal Reserve to slow down the pace of interest rate hikes next week. Investors’ optimism increased. As of the close, the Dow closed up 0.55%, the S&P 500 rose 0.75%, and the Nasdaq rose 1.13%. On the disk, large technology stocks generally rebounded, Nvidia rose more than 6%, and Amazon rose more than 2%.Among the popular Chinese concept stocks, iQiyi benefited from the strong DAU data, soared more than 14% in the intraday session, New Oriental rose nearly 10%, and Bilibili rose 8%. NetEase and Alibaba surged by more than 5%, while Baidu, Pinduoduo, and TAL rose by more than 4%. Individual stocks of new energy vehicles performed well. Li Auto rose by nearly 7%, and Xiaopeng Motors and Weilai rose by more than 6%. Photovoltaic stocks all rose, among which Ruineng New Energy rose nearly 5%, JinkoSolar rose nearly 2%, Canadian Solar and Daqo New Energy rose more than 1%. However, in comparison, the performance of the photovoltaic sector is not too prominent.In the United States, the number of initial jobless claims for the week ended December 3 was 230,000, which was expected to be 230,000 and the previous value was 225,000. In addition, the number of people who continued to apply for unemployment benefits in the United States in the week ended November 26 was 1.671 million, expected to be 1.6 million, and the previous value was 1.608 million; Worth 228,750 people. Compared with the non-farm payrolls data released on Friday, these data are still moving in the direction of reducing interest rate hike expectations.Affected by US stocks, European stock markets rebounded intraday, but the three major stock indexes all rose or fell slightly. At present, the British FTSE index fell 0.09%, the German DAX index rose 0.15%, and the French CAC index rose 0.03%!Hang Seng Index futures rose modestly as the FTSE A50 edged higher. If this trend continues, Hong Kong stocks will open flat or slightly higher tomorrow. However, it should be noted that the trend of Hong Kong stocks on Thursday reversed the decline on Wednesday. On the one hand, it showed strength. .