[Global Markets] Apple, Hyundai Kia close to deal for Apple Car U.S. oil prices hit a one-year closing high
2021-02-04


Abstract: 1. The three major US stock indexes closed mixed, "voice social concept stock" lychee rose more than 60%; 2. Apple and Hyundai Kia are rumored to be close to a deal for Apple Car; 3. Oxford University study: AstraZeneca vaccine could significantly reduce transmission rates; 4. SEC probing whether posts that drove up GameStop's stock were fraudulent.
 
Stock markets around the world
The world's main stock index were mixed on Wednesday, as investors digested the stock earnings and the influence of the speculative boom lift, even up two days after the three major stock indexes closed mixed, NASDAQ fell, the s&p 500, the dow Jones industrial average edged up, retail clannishness shares rebound, collective chip stocks fell, musk fire Clubhouse detonation sound social, "stocks" litchi (NASDAQ: LIZI) jumped 64.73%.
 
At present, the market has been pessimistic about the retail short event, and focus on the stimulus plan, vaccines, the epidemic and other factors. Maneesh Deshpande, head of equity derivatives strategy at Barclays, said: "Fears that the retail short-selling frenzy could spread have eased for now. Despite relatively powerful blowouts in some popular stocks, the affected short-sellers still represent a minuscule fraction of the overall U.S. stock market."
 
Commodity markets
Oil prices continued to rise on Wednesday, with U.S. crude hitting its highest close in a year, buoyed by favorable OPEC policy and a drop in U.S. commercial crude inventories. Light, sweet crude for March delivery rose 93 cents, or 1.70 percent, to settle at $55.69 a barrel on the New York Mercantile Exchange. London's Brent crude for April delivery rose $1, or 1.74 percent, to settle at $58.46 a barrel.
 
Gold and silver futures ended slightly higher Wednesday, reversing some of Tuesday's losses, with gold for April delivery, the most actively traded contract on the New York Mercantile Exchange, up $1.70, or 0.09%, to settle at $1,835.1 an ounce. Silver for March delivery rose 48.7 cents, or 1.84%, to settle at $26.889 an ounce.
 
Market news
OPEC + Meeting Delivers Positive Signals
 
The Joint Opec + Ministerial Oversionary Committee (JMMC) issued a statement after its meeting on Wednesday, saying it was "optimistic" about the oil market recovery in 2021 and that members should remain vigilant and flexible in an uncertain market environment and continue their efforts to safeguard hard-won production cuts. JMMC believes that while the economic outlook and oil demand remain uncertain in the coming months, the gradual introduction of vaccines worldwide is a positive factor to boost the oil market for the rest of the year, which will drive growth in the global economy and oil demand.
 
[Nonpartisan Group Warns Biden Stimulus Plan Could Be a Long-Term Drail to U.S. Economy]
 
An analysis released Wednesday by the nonpartisan Wharton School at the University of Pennsylvania found that Biden's stimulus plan could boost U.S. GDP by 0.6 percent in 2021, but the resulting additional public debt would reduce GDP by 0.2 percent in 2022 and continue to weigh on the economy in subsequent years. The huge stimulus package would obviously have an immediate effect on the economy, but it would also have many side effects, with the report arguing that additional public debt would crowd out investment in productive capital and drag down the US economy after 2021.
 
[Biden refuses to budge on bailout check size]
 
A attended the democratic parliamentary group telephone conference, the President of the United States Joe biden to house Democrats said on Wednesday that if in the $1400 bail-out of concessions a cheque, means he has violated the promise, at the start of cheque issued to a stimulus but said biden was prepared to consider to take a more strict eligibility requirements.
 
[US Small Nonfarm Growth in January Was Significantly Better Than Expected]
 
On Wednesday, ADP and Moody's Analytics released a significantly better than expected small non-farm payrolls report for January, adding 174,000 jobs (vs. 49,000 expected) and revising up the December report to 78,000 jobs lost. According to the employment report, a strong recovery in service sector employment was the key to January's better-than-expected employment data.
 
US ISM non-manufacturing PMI jumps to highest in nearly two years in January
 
Growth in the US services sector unexpectedly accelerated to its fastest pace in nearly two years in January as a pick-up in orders encouraged a rebound in hiring. The Institute for Supply Management's services index rose to 58.7 from 57.7 in December, according to data released on Wednesday. Economists had expected a median reading of 56.7.
 
[Apple, Hyundai Kia close to deal on Apple Car]
 
Apple (Nasdaq :AAPL) is close to finalizing a deal with Hyundai Kia (KS:000270) to make its Apple Car at its Kia assembly plant in West Point, Ga., sources told CNBC on Wednesday. The Apple Car being developed by Apple's team is tentatively scheduled to go into production in 2024, though people familiar with the negotiations between Apple and Hyundai Kia say the eventual launch could be delayed.
 
[Daimler to spin off truck business with plans for separate listing by year's end]
 
Daimler said on Wednesday that it had decided to evaluate the spin-off of its truck and bus businesses and to begin preparations for a separate listing of Daimler Trucks. "As a result of the divestiture, the majority of the shares in the Daimler Trucks business will be distributed to the shareholders of Daimler AG for the purpose of the separation," Daimler said in a statement.
 
[Qualcomm drops more than 7% after fiscal Q1 revenue misses estimates]
 
After Wednesday's close, Qualcomm (NASDAQ:QCOM) reported earnings for the fiscal first quarter of 2021, beating EPS estimates but falling short of revenue estimates. Specifically, Qualcomm earned an adjusted $2.17 per share for its fiscal first quarter ended Dec. 27, 2020, beating analysts' expectations of $2.10. Adjusted revenue of $8.23 billion for the fiscal first quarter missed analysts' expectations of $8.27 billion. Qualcomm's revenue grew 63% year-over-year in the first quarter and adjusted EPS jumped 119%, driven by a surge in demand for 5G smartphones and electronics during the epidemic.
 
[Yum China's fourth-quarter revenue and profit beat estimates]
 
Yum China (NYSE:YUMC) reported earnings after the close of the market Thursday, beating revenue and profit estimates. Q4 revenue of $2.26 billion vs. $2.17 billion consensus; Adjusted earnings per share of 35 cents for the fourth quarter, versus consensus estimates of 28 cents; Same-store sales fell 4% in the fourth quarter, compared with a 2% increase a year earlier; Pizza Hut same-store sales at casual dining fell 5% in the fourth quarter, compared with 0% year-ago; Same-store sales fell 4% in the fourth quarter, compared with a 3% increase a year earlier.
 
[Oxford University study: AstraZeneca vaccine could sharply reduce transmission]
 
A new study conducted at the University of Oxford has shown that the AstraZeneca vaccine can significantly reduce transmission of the virus. According to swabs collected by researchers every week, transmission of the virus decreased by 67 percent after the first dose of vaccine, which is an important boost for faster eradication of the epidemic and economic recovery. The study also showed that a single dose of AstraZeneca vaccine offered protection over a longer period of time, and that delaying the second dose was even more effective.
 
[Tesla's Shanghai Supercharging Pile Factory officially goes into operation]
 
Tesla (NASDAQ:TSLA) announced on Wednesday that its Shanghai Supercharger Plant has officially gone into operation, and the third generation of the Supercharger (V3) has officially rolled off the production line, less than half a year after it was officially launched in August 2020. Learned, tesla Shanghai super charging pile factory invested about 42 million yuan, covers an area of nearly 5000 square meters, integrating research, development, production, early planning annual capacity of 10000 super charging piles, and mainly for the V3 products, this product is currently the most advanced charging pile tesla equipment, after tesla super charging pile all imports from the United States. V3 products can charge up to 250 kilometers of battery life within 15 minutes, with multiple advantages such as ultra-light liquid-cooled charging line.
 
[SEC probing whether posts that boosted GameStop's stock were fraudulent]
 
Securities and Exchange Commission investigators are combing through social media and forum posts for signs of fraud causing price swings in shares of GameStop, AMC and others, media reports said on Wednesday, citing people familiar with the matter. The SEC is reviewing trading data to see if such posts are manipulating stock prices.