Powell's "strongest eagle", the top rich wealth evaporates 540 billion yuan overnight, and cryptocurrencies have collapsed; research has proved that Pfizer's new crown oral medication has no effect on people 40 to 65 years old; French electricity prices have risen 11 times a year

Author:Daily Economic News Time:2022.08.28

On Friday, at the annual meeting of the highly anticipated Jackson Hall, the Federal Reserve President Powell delivered an eagle speech as expected as the market, and a short 8 -minute speech set off a "bloody storm" in overseas markets. "Daily Economic News" reporter's email interview with Fitch Economist Lean Corton and the chief economist of Oxford Economic Research Institute Olun Krachink, interpret the important signal released by Powell, analyze the Federal Reserve's subsequent interest rate hike pace Essence

On the Russian and Ukraine, this week, the Zapolo Nuclear Power Station, one of the largest nuclear power plants in Europe, has been repeatedly attacked, and has been completely cut off for the first time in history with the Ukraine State Grid. Russian President Putin signed an order to expand the number of soldiers soldiers in Russia, and the total amount of Russian armed forces will reach 1.15 million.

In addition, China and the United States signed an audit supervision and cooperation agreement, and the general stocks rose, and the Nasdaq China Golden Dragon Index rose nearly 10%this week; the European energy crisis continued to deteriorate. Yuan; Bitcoin prices plummeted straight, falling nearly 900 US dollars in day, and a total of nearly 2.8 billion yuan in virtual currency contracts within one day, affecting 100,000 people; a study shows that Pfizer's new crown oral medication is almost free of people 40 to 65 years old. Effect.

More content, all in "One Week International Finance".

Powell's "Eagle" masterpiece

The Federal Reserve raised interest rate hikes in September 75 base points to 60 %

Photo source: Photo Network-401005182

On August 26th (Friday), Eastern Time, at the annual meeting of the Central Bank of Jackson Hall, which has attracted much attention from the market, the Federal Reserve President Powell delivered a short 8 -minute speech, but in these 8 minutes, the "bloody wind and rain in overseas markets "".

Powell said the Fed will "use our tools to use our tools" to crack down on the highest level of inflation in more than 40 years. His speech destroyed the market optimistic, US stocks dived, and the Dow plummeted thousands of points. The S & P and Naqi index fell for more than two months.

As of the close, the Dow fell 1008.38 points, a decline of 3.03%, at 32283.40 points, and this week fell 4.22%.

Image source: Yingwei Caiqing

The Nasda Index fell 497.55 points, a decline of 3.94%, at 12141.71 points, and this week fell 4.44%.

Image source: Yingwei Caiqing

The S & P 500 index fell 141.46 points, a decline of 3.37%, at 4057.66 points, and this week fell 4.04%.

Image source: Yingwei Caiqing

Large -scale technology stocks fell, Nvidia fell more than 8%, Meta, Amazon, Naei fell more than 4%, Intel, Apple, and Microsoft fell more than 3%, Google fell 5.4%, Tesla fell 2.7%.

Fitch Chief Economist Brian Coulton said in a comment email sent to a reporter of "Daily Economic News" that "Powell's speech on Friday clearly overthrow the market's monetary policy for the Fed in 2023 Forecast. After being surprised by the intensity and duration of inflation pressure over the past 12 months, the Fed is now obviously determined to ensure that high inflation will not become ingrained. "

Oren Klachkin, chief economist of Oxford Economic Research Institute, also pointed out to each reporter in the email that "Powell's speech in Jackson Hall is a clear signal, that is, the Fed does not intend to change (tightening Sexual) The direction of monetary policy -lowering inflation is the number one task of the Federal Reserve, even if the economic slowdown is, "it is not expected."

"As the economic data announced next may show that employment and wages are continuously strong, and the rise of core inflation, we believe that the Fed will raise 75 basis points at the September meeting. The Fed will still raise a total of 125 basis points in a total of 125 basis points during the year. "Ceralians added.

Powell's powerful "Eagle School" speech directly reversed the market's expectations of the Fed's interest rate hike in September. The "Fed Observation" tools of the Zhishang Institute showed that as of press time, the futures market believes that the Federal Reserve raised 75 basis points at the September meeting of 75 basis points. The probability has risen to 61%, far exceeding the probability of 50 basis points (39%).

Image source: The "Fed Observation" tool of Zhishang Institute

The plunge of U.S. stocks on Friday has also led to a total of $ 78 billion (approximately 540 billion yuan) of the wealth of top rich.

According to the Bloomberg Billionaire Index, Musk's wealth shrinks $ 5.5 billion, Bill Gates and the "stock god" Buffett have shrunk 2.2 billion US dollars and $ 2.7 billion, respectively. Broken $ 100 billion.

Picture source: Bloomberg

European energy crisis continues to deteriorate

French electricity prices rose at least 11 times a year

The European Energy Crisis continues to ferment, and the electricity prices in Germany and France are refreshing the record almost every day.

On August 26, local time, the basic load price delivered by France next year reached 1130 euros/MW (about 7.73 yuan/kWh), which rose 25%within the day. The first time in history exceeded 1,000 euros, which was at least 11 from the same period last year. Note.

There are many reasons for the rise in power prices. On the one hand, Russia -Ukraine conflicts have led to rising energy prices and pushing up electricity prices. On the other hand, France is a major nuclear power country, but this year, the French Power Group has shut down a lot of nuclear reactors due to the corrosion of nuclear reactions, which has led to a decline in French nuclear power supply.

Similar products in Germany have also refreshing a record high, rising as high as 33%in the day to 995 euros/MW (about 6.81 yuan/kWh). The cumulative increase of about 70%this week. This is equivalent to $ 1600/barrel in the oil market. For the reason, Tilsa Monor, Energy and Marketing Design Researcher at the Baker Institute in the United States, told the reporter of the Daily Economic News in the email that Russia will reduce the supply of natural gas in Germany to 20%, in the second time, European drought and heat waves and other climate challenges have lowered the German river water level, making coal transportation to fire power plants more expensive and difficult.

He further pointed out that in the medium and long -term perspective, nuclear energy may become part of the German energy structure. "If the energy crisis worsens, Germany may take a step back and restart some of the closed nuclear power plants."

According to CCTV news reports, a latest survey in Germany shows that in the face of the energy crisis that may occur in the future, more than half of the investigative objects have reduced energy.

According to Monor, at present, all European countries are working hard to save energy and reduce public power. "In addition, they hope to further develop potential energy carriers such as renewable energy and hydrogen through the RepowerEuu energy plan. This week, Germany and Canada agreed to develop green hydrogen and signed an agreement. According to this agreement Green hydrogen. "

Regarding the future of electricity prices, Oxford Energy Transformation Researchers Alex Patonia said in an interview with the reporter of "Daily Economic News" that if Europe does not have enough natural gas supply, power prices are unlikely to decline until they find it until they find it. Alternative Energy. "And these alternatives should also have sufficient quantities and appropriate costs. When energy products with these characteristics reach the market, the price peak will pass."

According to Xinhua News Agency, a British energy consulting agency predicts on August 26 that the average energy bill of British households will rise sharply next year, which may be as high as 500 pounds per month (about 4050 yuan). The British Energy Consulting Institution "Corwel Insight" said that the average of 1,277 pounds (10,347 yuan) in British families in 2021, and this year's expenses are expected to climb to 3549 (28756 yuan).

Russian: Zaparo -hot nuclear power plant area was shot by the Ukraine

Putin signed an order to expand the number of soldiers of the Russian armed forces

Picture source: CCTV News

Japan's five consecutive weeks of new crown confirmed cases ranks first in the world

Studies: Pfizer's new crown oral medication is almost ineffective for people 40 ~ 65 years old

On August 24, local time, the Global New Crown Epidemic Weekly released by the World Health Organization showed that from August 15th to 21st, there were 14,76,374 new diagnosis in Japan. Line second in the world.

According to reports, from August 15th to 21st, the number of new diagnosis in the world's new crowns was 5,306,244, a decrease of 9%from the previous week; the number of deaths decreased by 15%compared to the previous week.

Picture source: WHO Weekly News

The World Health Organization stated that the main new crown variation in the world is Omikon BA5, accounting for more than 70%of the world's largest public virus database sharing. Omikon variants accounted for 99%of all sequences reported last month.

While the epidemic continued to spread, the patent dispute of the new crown vaccine continued, Modna (MRNA, a stock price of US $ 136.7, a market value of US $ 53.48 billion) sued Pfiz (PFE, a stock price of US $ 46.82, a market value of 262.77 billion US dollars) and Byne Tayak (BNTX, BNTX, The stock price is US $ 142.6, with a market value of US $ 34.61 billion) patent infringement. Modner said that the new crown pneumonia vaccine developed by Pfizer and Byneto violated the MRNA technology patent submitted by Modner from 2010 to 2016.

Moderna and Pfizer/BIONTECH are the first MRNA new crown vaccines for launching and the most widely used range. Pfizer achieved nearly $ 37 billion in sales last year, and Moderna achieved approximately $ 18 billion in revenue.

In addition, a large -scale study in Israel shows that Phax's new crown oral drug Paxlovid has almost no effect on people aged 40 to 65, but it can reduce the risk of hospitalization and death of elderly people over 65 years old.

Sino -US signing audit supervision cooperation agreement

The Nasdaq China Golden Dragon Index rose nearly 10% this week

Picture source: Photo Network-401896216

According to the website of the Securities Regulatory Commission, the China Securities Regulatory Commission and the Ministry of Finance of the People's Republic of China signed an audit supervision and cooperation agreement with the US Public Corporation Accounting Supervision Committee (PCAOB) on August 26, 2022, which will launch related cooperation in the near future.

The signing of the cooperation agreement is an important step in the common concern of the regulatory agency between China and the United States to solve the issues of audit supervision and cooperation. It has laid the foundation for the next stage of active, professional, and pragmatic promotion cooperation.

Affected by this, China Stocks opened again after the rise of the 25th after the 25th. On the 26th, the US stock market rose generally. Futu (FUTU, the stock price of $ 46.34, a market value of US $ 6.81 billion) rose about 10%. %, Pinduoduo (PDD, a stock price of 57.57 US dollars, a market value of US $ 72.79 billion) rose about 5%, Alibaba (BABA, a stock price of 98 US dollars, a market value of US $ 259.46 billion) rose about 5%, JD.com (JD, stock price US $ 63.46, a market value of 953.4 It rose about 3%, Bili (BILI, a stock price of $ 25.24, a market value of US $ 9.86 billion) rose about 2%, and the Nasdaq China Golden Dragon Index rose 3%. Hang Seng Technology Index Futures rose 5.04%to touch the daily limit. However, the Fed Chairman Powell warned that the policy could not relax prematurely, the decline in US stocks expanded rapidly, the Chinese stocks fell correspondingly, and the increase was narrowed.

This week, the Nasdaq China Golden Dragon Index has increased by nearly 10%.

Image source: Yingwei Caiqing

Cryptocurrencies collapsed again, 100,000 people burst into warehouses

On August 27, the price of Bitcoin plummeted straight lines, down nearly $ 900 within the day, a minimum of US $ 19,931/piece, from the highest point of $ 6,4900/piece from April 14 this year, a plunge of more than 69%. As of press time, Bitcoin continued to consolidate at a low level, temporarily reported at $ 19,983.

Image source: Yingwei Caiqing

The currency industry data shows that a total of nearly 2.8 billion yuan in virtual currency contracts within one day, which affects 100,000 people, the largest single positions of up to $ 10.99 million.

With the retreat of Bitcoin, the most serious wealth shrinks is Zhao Changpeng, the founder of the world's largest cryptocurrency exchanges with nearly 96 billion US dollars in the world's richest man. As of now, Zhao Changpeng has plummeted 90%this year and has evaporated 86.4 billion US dollars (about 580 billion yuan).

Ethereum, as the second largest digital asset, also plummeted nearly 8%during the market to nearly $ 1485. It still falls more than 7%. According to the $ 4,673 in November last year, it has fallen more than 60%.

According to the data of Coingecko, the entire encrypted market value was 1.05 trillion US dollars, a decrease of 3.8%in 24 hours.

The Central Bank of Korea raised interest rates four times in a row!

The exchange rate of the Han Dynasty reached a new low of 13 years

Photo source: Photo Network-500622325

On August 25, local time, the Bank of Korea raised the benchmark interest rate from the current 2.25%to 2.5%. This is the first time in the history of the Bank of Korea for the first four consecutive times to adjust the benchmark interest rate. As a result, the benchmark interest rate in South Korea has been raised seven times a year, of which six of them have increased to 25 basis points, one at a time is 50 basis points, and a total of 200 basis points are raised.

After the news of the interest rate hikes was released at the Central Bank of Korea, Han won slightly strengthened. On the afternoon of the day, the exchange rate of the Han Dynasty to the US dollar was reported at 1334.19. Earlier, the exchange rate of the South Korean Mall on the 22nd hit a new low of 13 years, and the exchange rate of the Korean won to the US dollar fell below the 1340 won.

Behind the huge currency depreciation and the central bank's continuous interest rate hike, the South Korean economy is facing major challenges. In the case of global economic downturn, South Korea's exports are slowing down. Preliminary data released by the South Korean Customs Office show that due to the pressure of geopolitical risks and the central bank's tightening policy to the global economy, South Korea ’s export volume increased by only 3.9%year -on -year in 20 days in August. 14 months higher than export.

Zuckerberg: Meta will launch a new VR header in October

The Apple Autumn Conference will be held in the early morning of September 8

On August 25, local time, according to CNBC, Facebook's parent company Mark Zuckerberg, chief executive officer of META (META, shares, a market value of US $ 434.79 billion), will launch a new virtual reality head in October in October. In the past, Meta held the Connect VR conference in October.

Although Zuckerberg did not mention the name of this virtual reality head, what he said is likely to be a product codenamed Project Cambria. The price of this head display is at least $ 800, which is much higher than the current META's flagship product QUEST 2. The price of the latter ranges from $ 399 to 499.

Apple (AAPL, a stock price of US $ 16.362, a market value of US $ 2.63 trillion) will also be held on September 7th. It is generally expected that the latest iPhone 14 series and new generation of smart watches Apple Watch Series 8 will be released at that time.

Most upgrades will be concentrated on the PRO models. The "Liu Haiping" that was previously spit out by many users may be replaced by the "exclamation screen" design. The outer sigh shape is formed in the formation. In addition, the rear main camera of the PRO model will be upgraded to 48 million pixels, using a faster A16 processor, and the battery life is improved.

Disclaimer: The content and data of this article are for reference only, do not constitute investment suggestions, and verify before use. Based on this, the risk is on its own.

Photo source: every drawing