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microsoft cto hints that "important new ai products" will appear this year, brent crude oil falls to a three-year low | global markets

2024-09-11

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cailianshe news, september 11 (editor: shi zhengcheng)last night and this morning, the us stock market itself was still waiting for the results due to the world's attention to the "trump-harris debate" and the us august cpi concentrated on tuesday after the market and wednesday before the market. oracle, tesla and other technology stocks led the gains, while financial stocks weakened amid the collective pessimism of wall street executives. therefore, the s&p and nasdaq strengthened for the second consecutive day, while the dow fell alone.

from another perspective, when the u.s. stock market opens on wednesday, we will have a good understanding of the two major macro events of this year:the us election and the fed's interest rate cut will bring us closer to the resultscompared to the unknown stage of the us presidential election, the fed's style is easier to guess.

kristina hooper, global chief market strategist at invesco, said that the fed will cut interest rates by 25 basis points next week. if it cuts interest rates by 50 basis points, it will cause market alarm and be seen as officials "admitting mistakes." hooper added that the fed's long-term high interest rates will not cause irreparable damage in itself, but now every day that the interest rate level is maintained at this level, the probability of a recession will be higher.

speaking of economic recession, the landmark event on tuesday was the plunge in oil prices, with both u.s. and brent crude falling by more than 3%.after falling below $70 per barrel, brent crude also fell to a new low since the end of 2021on the news front, opec lowered its forecast for global oil demand growth for this year and next for the second time in a row.