news

overnight stock market

on monday (september 30), the last trading day of the national day holiday, the shanghai composite index rose 8.06% and the shenzhen component index rose 10.67%, leading the world's major stock markets.

on the same day, the three major u.s. stock indexes collectively closed slightly higher, with the dow and s&p both closing at new highs. the dow rose 1.85% in september, the s&p rose 2.02%, and the nasdaq rose 2.68%.

in terms of chinese concept stocks, the nasdaq china golden dragon index closed up 0.45%, rising 29.6% this month.

commodity market

the settlement price of wti crude oil futures fell 0.01% to us$68.17/barrel, with a cumulative decline of 6.2% in september. the settlement price of brent crude oil futures fell 0.29% to us$71.77 per barrel, with a cumulative decline of 6.7% in september.

comex gold futures closed down 0.91% at us$2,656.4 per ounce, with a cumulative increase of 4.75% in september; comex silver futures closed down 1.54% at us$31.425 per ounce, with a cumulative increase of 7.45% in september.

middle east conflict express

①the israeli security cabinet approved the launch of the next phase of operations against hezbollah in lebanon;

②the current round of conflict between lebanon and israel has resulted in more than 157,000 displaced persons in lebanon;

③biden: israel should abandon ground military operations in lebanon;

④lebanon hezbollah said it attacked israeli soldiers and caused casualties;

⑤lebanese ministry of health: israeli attacks in lebanon in the past day killed 95 people;

⑥the current round of conflict between lebanon and israel has displaced more than 157,000 people in lebanon.

other market news

[federal reserve chairman powell: policy will return to a neutral stance over time]

federal reserve chairman powell said that economic conditions have laid the foundation for a further fall in inflation; policy will return to a neutral stance over time; there is no set path and decisions will be made meeting-by-meeting; risks to inflation and employment targets are roughly balanced; the labor market has been weak in the past the economy has cooled in 2016 but remains solid; achieving 2% inflation does not require further cooling of the job market; the economy is "solid" and intends to use tools to keep it that way.

[fed goolsby: interest rates must be significantly lowered in the next 12 months]

fed goolsby said that if the dock strike continues, it will be worrying; the fed cuts interest rates because the economy has normalized; the job market is stable and close to full employment; interest rate cuts are on the agenda; interest rates must be sharp in the next 12 months there will be many interest rate cuts; inflation is close to the target level; the process of interest rate cuts will last for a year or more.

[fed bostic: if the job market weakens unexpectedly, it is willing to consider cutting interest rates by another 50 basis points]

fed bostic said that if there is unexpected weakness in the labor market, it is willing to consider cutting interest rates by another 50 basis points; the baseline expectation is for an "orderly" easing of policy, and inflation is expected to continue to slow and the labor market will remain stable; as the core pce index remains maintained at 2.7%, we do not want to be overconfident about inflation; we will pay close attention to the upcoming employment data. if employment growth is significantly lower than 100,000 jobs, we will need to explore the current situation more deeply; recent pce data shows that the fall in inflation is still above the track.

[white house official: hurricane helene may kill up to 600 people]

u.s. white house homeland security advisor liz sherwood-randall responded to questions about the impact and disaster relief of hurricane helene at the white house briefing on the 30th. based on the data currently available, "heleni" may cause as many as 600 people died, but this figure has not been confirmed. randall said that these 600 people are currently missing or unaccounted for, and the number may rise as rescue efforts penetrate into areas that have not yet been fully developed.

[a general strike is imminent and u.s. port employers have made concessions and proposed a 50% wage increase for dock workers]

the u.s. maritime union said it has proposed a nearly 50% wage increase for longshoremen, hoping to resume negotiations with the international longshoremen's association and avoid general strikes at east coast and gulf of mexico ports. the american maritime alliance, which represents port operators and shipping companies, said in a statement that it had been bargaining with unions over wages over the past 24 hours. "american maritime alliance has increased our offer and requested an extension of the current prime contract," the statement said. a spokesman for the union said he was unaware of such a proposal.

[u.s. oil imports from canada in july hit a record high since data records began in 1973]

according to the u.s. energy information administration (eia), u.s. oil imports from canada increased by 10% in july to 4.373 million barrels per day, a record high since data records began in 1973. this is due to the expansion of the trans mountain oil pipeline capacity, thereby increasing the transportation volume from the oil-rich province of alberta to california and washington state in the united states.

[the united states says that more than 40 foreign airlines may be using boeing 737 aircraft with safety risks]

the u.s. national transportation safety board said on the 30th that the gyro control system of boeing 737 aircraft used by more than 40 foreign airlines may have potential safety risks. the u.s. national transportation safety board revealed that the department has learned that two foreign operators suffered similar accidents involving steering wheel actuators in 2019. "we are concerned that other airlines may not be aware of the presence of these (problematic aircraft) on their 737 aircraft," committee chairwoman jennifer homendy said in a letter to federal aviation administration administrator mike whitaker on the 30th. ) actuator.”

[lagarde expressed increased confidence in controlling inflation, pushing up expectations of an interest rate cut by the european central bank in october]

european central bank president christine lagarde said the european central bank is more optimistic that inflation can be brought under control and will take this into account in its october interest rate decision. lagarde's speech to european parliament members in brussels on monday was her strongest hint yet that officials' support for a rate cut may be building. "inflation may temporarily rise in the fourth quarter of this year as the previous sharp decline in energy prices is no longer priced in. but the latest developments strengthen our confidence that inflation will return to target levels in time," lagarde said. "we will consider this at the next monetary policy meeting in october."