news

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

last week, european stock markets generally rebounded, with the uk ftse 100 index rising slightly and the german dax index rising by more than 1%. the three major us stock indexes rose and fell, with the dow jones industrial average rising by nearly 1%, setting a record high; the nasdaq index fell by nearly 1%. apple rose by nearly 1%; nvidia fell by nearly 8%, with a market value of us$245.3 billion (rmb 173.94 billion) evaporated in a single week.

this week, the market will usher in a series of important data. china's foreign exchange reserve data is expected to be released, and the us august non-farm, adp and other employment data will be released.

dow hits record high

nvidia fell nearly 8%

over the past week, major european stock indices generally rose, with the uk ftse 100 index up 0.59%, france's cac40 index up 0.71%, germany's dax index up 1.47% and europe's stoxx50 index up 0.99%.

the three major u.s. stock indexes rose and fell. the dow jones industrial average rose 0.94% last week, reaching a record high; the nasdaq index fell 0.92%; the s&p 500 index rose 0.24%.

last week's changes in major global stock indices

source: wind

last week, large technology stocks in the u.s. stock market had mixed gains and losses. apple, microsoft, amazon, and netflix rose by 0.95%, 0.08%, 0.82%, and 2.13%, respectively. nvidia, google-a, meta, and tesla fell by 7.73%, 1.35%, 1.27%, and 2.82%, respectively. nvidia fell nearly 8%, with its market value evaporating by us$245.3 billion (rmb 1.7394 trillion) in a single week.

source: wind

september 2 (monday) is the labor day holiday in the united states. the u.s. stock market will be closed for one day and will resume normal trading on september 3 (tuesday). the trading of brent crude oil futures contracts under the intercontinental exchange (ice) will end in advance at 1:30 am on the 3rd beijing time, and the trading of precious metals and u.s. crude oil futures contracts under the chicago mercantile exchange (cme) will end in advance at 2:30 am on the 3rd beijing time.

important data will be released

this week, there are many important data. china's foreign exchange reserve data is expected to be released, the us august non-farm and adp employment data will be released, the senior officials of the federal reserve will give speeches, and the second quarter gdp of the euro zone will be released.

according to previously released data, at the end of july, china's foreign exchange reserves were us$3,256.4 billion, up us$34 billion or 1.06% from the end of june. this is the seventh consecutive month that my country's foreign exchange reserves have remained above the us$3.2 trillion mark. among them, at the end of july, china's gold reserves were reported at 72.8 million ounces, the same as last month, marking the third consecutive month that the people's bank of china has stopped increasing its gold holdings.

on september 3, the united states will release the august ism manufacturing index.economists generally expect the ism manufacturing index to rise to 47.5 in august from 46.8 last month, falling below the boom-bust line for the fifth consecutive month. on september 4, the u.s. bureau of labor statistics will release the number of jolts job vacancies in july.

on september 5, the united states will release the august adp employment report.adp employment is known as the "small non-farm". the previously announced adp employment in july fell more than expected, and the wage growth rate fell to the lowest level in three years, sending a signal of a slowdown in the us labor market and further consolidating expectations of a rate cut in september.

adp chief economist nela richardson said that as wage growth slows, the labor market is changing in line with the fed's efforts to curb inflation. economists generally expect adp employment to rise to 148,000 in august from the previous value of 122,000, once again releasing signs of a warming job market.

on september 6, the u.s. department of labor will release the august non-farm employment report.this will be the last major employment data before the fed's september decision, and may be the key to deciding whether to cut interest rates by 25 or 50 basis points. citigroup expects 125,000 new jobs, almost as weak as july.

citi believes that the unemployment rate could lead the fed to be more dovish. if the unemployment rate rises to 4.4% or higher again, even if new job growth is strong, a 50 basis point rate cut by the fed is almost certain, especially since there have been a lot of downward revisions to new jobs recently.

in addition, on september 6, the federal reserve’s “no. 3” person, fomc permanent voting member, new york fed president williams and federal reserve board member waller will deliver speeches successively.

on september 6, the eurozone will announce the final values ​​of second-quarter gdp on a quarter-on-quarter and year-on-year basis.the previously released gdp preliminary value showed that the eurozone gdp grew by 0.3% in the second quarter, the same rate as at the beginning of the year, exceeding the expected 0.2%, and grew by 0.6% year-on-year. the european commission expects the eurozone economy to grow by 0.8% this year. however, the german economy unexpectedly shrank as the industrial sector continued to be under pressure from high interest rates and equipment and construction investment declined.

people familiar with the matter said

goldman sachs plans to lay off more than 1,300 employees worldwide

according to cctv news, the wall street journal reported on august 30, citing people familiar with the matter, that goldman sachs group plans to cut 3% to 4% of its global workforce, or 1,300 to 1,800 people.

according to reports, goldman sachs typically cuts 2% to 7% of its total workforce each year based on various performance factors, and the specific layoff ratio fluctuates based on market conditions and the company's financial prospects.

russia preliminarily confirms kamchatka region

all people on board the missing helicopter died

according to cctv news, the russian ministry of emergency situations announced on september 1 local time that the wreckage of the mi-8 helicopter that had previously disappeared on the kamchatka peninsula in the far east had been found, and search and rescue personnel had already taken a helicopter to the scene.

according to a report by ria novosti, citing the russian emergency situations department, preliminary information showed that the missing mi-8 helicopter had crashed and all people on board were presumed to have died.

the russian federal air transport agency previously reported that preliminary information showed that there were 22 people on board.

it is reported that the helicopter was originally scheduled to fly from the vachka volcano to the settlement of nikolayevka in the yelizovsky district. the local operations department reported that the helicopter disappeared from the radar after taking off from the volcanic area. prior to this, the helicopter crew had not issued any reports about aircraft failure.