Late at night!The exchange rate of the euro to the US dollar fell below 1: 1, the Dow is 600 points, and the US oil fell 4%!Biden's "inflation is temporary" promised to change the short check ...

On July 14, local time, the three major US stock indexes opened collectively. As of press time, the Dow Jones Industrial Average has fallen by 602 points, the S & P 500 Index has fallen 1.97%, and the Nasdaq Composite Index has fallen 1.84%.

The analysis believes that in the context of the latest inflation data indicates that the Fed's continued rate hikes and concerns about economic recession continues to intensify, the US stock market will continue to face the pressure of selling.

In addition, on the 14th local time, the European foreign exchange market on the European foreign exchange market fell to the US dollar exchange rate to one euro for $ 0.9953, a the lowest level of nearly 20 years.

As of press time, the cloth oil fell 3.47%to $ 96.11/barrel, and US oil fell 4.25%to $ 92.21/barrel.

American producer price index rose 11.3% year -on -year year -on -year

On July 14, local time, the U.S. Labor Bureau of Labor Statistics announced that after the adjustment, the US producer price index rose 1.1%from the previous month from the previous year, and the data of the same period last year increased by 11.3%year -on -year, since March 2022, 2022 The biggest increase.

After excluding the price of food, energy and trade services, the US producer price index rose 0.3%month -on -month and 6.4%year -on -year.

Morgan Chase's net profit in the second quarter decreased nearly 30%

Morgan Chase Bank announced on July 14, local time that the bank's net profit in the second quarter of this year will drop by nearly 30%, and will suspend stock repurchase to meet the more stringent new capital requirements of the Fed.

The net profit of the largest US assets in the second quarter was US $ 8.2 billion, which was $ 2.76 per share, and the performance was lower than the analyst's expectations. The bank's net profit of the same period last year was $ 11.5 billion, which was $ 3.78 per share. It is reported that this is the first time that Morgan Chase has failed to meet the profit expectations since the first quarter of 2020, laying a pessimistic tone for other American banks.

The year -on -year increase of CPI in the United States reached a new high, and Biden "inflation is temporary" promised to change short check

According to data released by the US Department of Labor on the 13th, due to the surge in energy prices, the US Consumer Price Index (CPI) rose 1.3%month -on -month, hitting a new high since September 2005, with an expected value of 1.1%, and the previous value was the value of the previous value. 1%; the year -on -year increase of 9.1%, the largest increase since November 1981, with an expected value of 8.8%, the previous value of 8.6%.

According to CCTV News, a year ago, US President Biden promised that the inflation problem in the United States was only temporary and will try his best to solve it. But a year has passed, and the inflation problem in the United States is even more serious. Some ordinary U.S. people said that the U.S. government was not responsible for response to inflation and did not take effective measures in time.

US President Biden: My government will do everything possible to solve this problem, and again, these problems are temporary.

However, ordinary American people have discovered that one year has passed, and the inflation of the United States has not only resolved, but it is even more serious.

American consumers: Food prices have risen a lot. I noticed this in basic foods such as eggs and milk.

American consumers: For a long time, they have always said that this is temporary, and in the end they have to change their attitudes. Now we have some small interest rate hikes. Yes, all the economic cycles are temporary. The problem is how long it will last, and it seems that this situation will last for several months.

American consumers: things are more expensive, the amount is less, but the price is higher.

American consumers: This is something everyone cares about. If you look at the investigation, whether it is the investigation by Harvard University or the Pew Research Center, inflation is the number one topic for consumers today.

Some Americans believe that the U.S. government is not responsible or paid enough on the issue of inflation, and does not pay enough attention, and has not taken effective measures in time.

American consumers: I don't think the government has done well, because throughout last year, this situation began and they did nothing. Because they think this is temporary, their actions are very late. I don't think that the government really regards it as a very important priority. They try to blame them on other things, such as Ukraine conflict.

Daily Economic News Comprehensive CCTV News, Public Information

Daily Economic News

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