01 market
Last night, the three major indexes of US stocks closed up, and the NASDAQ China Golden Dragon Index rose 1.2%. By the close, the Dow was up 0.43%, the Nasdaq was up 0.54%, and the S & P was up 0.42%. The yield on the 10-year Treasury note rose 0.077% to 3.898%, which was-46 basis points lower than the yield on the two-year Treasury note. The panic index VIX fell 0.31%, while Brent crude closed up 2.28%. Spot gold has been rising since November 22 and has been falling since May 23. It has rebounded since October 5, 23, rising 0.58 per cent to $2067.68 an ounce yesterday. The dollar index continued to fall from its October 22 high, during which it rebounded, closing down 0.24 per cent at 101.46 yesterday.
Red Sea crisis-MSC merchant ships were attacked (Houthi said they were aimed at missiles) and evaded in accordance with the instructions of joint warships; the Indian navy will deploy three warships in the Arabian Sea; Dafei, France: it is planning to gradually increase the number of ships passing through the Suez Canal; the US military said there were no reports of ship damage or injuries in the Red Sea on the 26th.
Us house prices rose again month-on-month in October, indicating a continued recovery in the housing market. The U.S. Department of Energy has finalised a contract to buy 3 million barrels of oil to replenish war reserves. The ministry bought 2.1 million barrels of oil last Tuesday. The US military launched a crackdown on Iraqi militia facilities, which fired rockets at the US military base in Georgia. There was an explosion near the Israeli embassy in India, leaving embassy staff uninjured. The European Union has prepared a standby plan of 20 billion euros to fund Ukraine.
02 Industry & stocks
Industry sector, S & P 11 sectors all closed up: semiconductors, energy, real estate, industry, utilities, raw materials, daily consumption, technology, finance, communications and health care closed up 1.77%, 0.86%, 0.73%, 0.71%, 0.61%, 0.47%, 0.42%, 0.42%, 0.4%, 0.39% and 0.22%, respectively.
In the concept sector, airline ETF fell 0.57 per cent, travel services fell 0.31 per cent, high-end hotel Marriott rose 0.37 per cent, Airbnb fell 1.48 per cent, and Norwegian cruise ships fell 2.86 per cent. Solar energy plate rose 1.72%. In the financial technology sector, PayPal closed up 1.16% and Nu rose 0.97%. The network security section rose 0.77% and the Personality sq rose 1.35%.
Most Chinese stocks closed higher, KWEB rose 0.89%, Biden signed a defense authorization bill with negative China-related content, and the Office of the United States Trade Representative announced that it would continue to extend the tariff exemption period for some Chinese imports until May next year. TSMC rose 1.26%, pinduoduo 0.51%, Ali 0.76%, JD.com 0.07%, NetEase 5.21%. It is said that NetEase and Blizzard may re-cooperate, but NetEase said it would not respond. Ideal rose 3.77%. It sold 12100 vehicles last week, continuing to hit the monthly sales target of 50, 000 vehicles. Weilai rose 10.81%, and the pre-sale price of ET9 is 800000 yuan, which will be delivered at 25Q1. Li Bin, CEO of Weilai, said in an interview on the 25th that the order volume of ET9 was much higher than the official expectation. Xiaopeng rose 1.59%, New Oriental rose 2.45%, Haoxiang fell 1.08%, Luckin Coffee fell 1.68%, and famous quality products rose 1.17%.
Large technology stocks are mixed. Apple closed down 0.28%, and it has appealed to the US Court of Appeal against the import ban on Apple watches. Guo Mingyi believes that Apple's spring launch in March next year is not expected to have a significant update on AI services. Microsoft rose 0.02%, and Microsoft Xbox announced a partnership with Inworld AI to create an AI-based NPC for games. Google closed up 0.07%, according to the Nikkei: Apple and Alphabet will be subject to Japan's new monopoly rules. Amazon fell 0.01% and Nvidia rose 0.92%. The Pelosi family bought 50 Nvidia put options on Nov. 22, with an exercise price of $120, with an expiration date of December 20, 2024, according to SEC documents. Meta rose 0.41%, Tesla 1.61%, Intel 5.21%. Intel reached an agreement with Israel on a $3.2 billion incentive package, which Intel said would support business expansion.
AZN is up 0.32% and GRCL is up 60.26%, and AstraZeneca will buy Genxi for $2 a share in cash to further boost cell therapy ambitions. MANU rose 3.43 per cent and British tycoon Ratcliffe bought a 25 per cent stake in Manchester United for $1.3 billion. DIS fell 0.08% after sources said Disney and Reliance Industries agreed to merge their Indian media operations.
03 daily focus
1. Sources: the SEC will approve spot bitcoin ETF in early 2024, with December 29th as the deadline for filing applications.
SEC officials met earlier with representatives of at least seven issuers hoping to launch spot bitcoin ETF in early 2024, according to sources. SEC will decide on January 10 whether to approve or reject the joint draft submitted by ARK Investments and 21 Shares, and most publishers expect SEC to eventually approve multiple applications before the deadline. Executives of the two publishers who met with SEC said that SEC required them to submit applications for a final revised version by December 29, and that publishers that failed to submit by the relevant date would not be among the potential candidates for the first spot bitcoin ETF approved in early January.
2. Meta will show advanced AR glasses next year. The prototype is known as "the most advanced consumer electronics device".
Meta CTO Andrew Bosworth revealed in an interview that the company may show a prototype of advanced AR glasses codenamed "Orion" in 2024. Bosworth also claims that the glasses are by far the most advanced consumer electronics device.
Microsoft Xbox announces cooperation with Inworld AI to "inject soul" into NPC
Haiyan Zhang, General Manager of Microsoft Xbox Game AI, has announced that he has signed a partnership agreement with Inworld AI, a digital human development company, to bring developers a range of development tools that allow the creation of AI-based NPC for games. The cooperation agreement signed between Microsoft Xbox and Inworld is mainly the introduction of AI-based "character engine" and Copilot assistants: "character engine" can add "instant dialogue options" to NPC, allowing games to design "dynamic NPC responses" using player behavior, without the need for game designers to manually adjust NPC bone scripts to make NPC show a "lifelike" expression.
3. AI Pin will start delivery in March next year.
AI Pin, a wearable artificial intelligence device launched by US startup Humane, will begin delivery in March next year.
We are very pleased to announce that Ai Pin shipments will begin in March 2024, Humane officials said in a post on the X platform on Friday. In addition, Humane added that shipments will be made based on the purchase date, and priority will be given to users who place orders first.
It is reported that the AI Pin positioning is an alternative to smartphones, rather than smartphone accessories, the device body sells for $699, and the use of cellular data and AI model services requires an additional subscription fee of $24 a month.
4. Guo Mingyi: Vision Pro shipments are estimated to be about 500000 units in 2024
Guo Mingyi, an analyst at Tianfeng International, said that Vision Pro shipments in 2024 are expected to be about 500000 units. The Vision Pro is currently in mass production and mass shipments are expected to begin in the first week of January 2024. Based on the current bulk shipping schedule, Apple is most likely to launch the Vision Pro at the end of January or early February.
Sources say that the number of new 3nm chip designs of TSMC has soared in 2024 and Tesla will become an N3P customer.
According to the supply chain news, there has been a surge in the number of new 3nm chip designs (New Tape-Outs,NTOs) of TSMC in 2024. Besides MediaTek, AMD, Nvidia, Intel, Qualcomm and other customers will be introduced into the relay, the target of N3P production in the second half of 2024 has also spread good news. Tesla has been included in the customer list and is expected to produce a new generation of FSD chips. & nbsp
Samsung Semiconductor Business will lose more than 13 trillion won in 2023
Samsung Electronics expects losses in semiconductor-related businesses to exceed 13 trillion won in 2023, marking the first time that Samsung has lost money for four consecutive quarters, given the global economic slowdown and sluggish storage demand. As storage prices rebounded in the second half of 2023, coupled with the depletion of customer storage inventory, Samsung semiconductor business losses tended to converge in the fourth quarter of 2023. Samsung expects its semiconductor business to improve in 2024, aiming not only to turn losses into profits, but also to make an annual operating profit of more than 12 trillion won.
5. The number of parcels shipped by Shein and Temu to US customers has soared to about 1 million per day.
Before Christmas this year, fast fashion company Shein and pinduoduo's cross-border e-commerce platform Temu have seen a surge in the number of packages shipped to US customers, almost on a par with several well-known US retailers. The two fast-growing shopping platforms ship an average of about 1 million parcels a day in the United States, according to parcel transportation consultancy Ship Matrix. Although this figure accounts for a small proportion of the total number of parcels shipped every day in the United States, it is growing rapidly.
04 Forecast Today
Today's focus on financial data
(1) 07:50, the Bank of Japan publishes a summary of the opinions of the deliberating members.
(2) 23:00 Richmond Federal Reserve Manufacturing Index for December