1. Pre-market performance of U.S. stock futures (4:31 p.m. Taipei time):
■ Dow Jones Index: down -21 points, or -0.06%, to 33393.
■ Nasdaq 100 Index: Up 5.25, or 0.04%, to 12316.50.
■ S&P 500 Index: down -0.25, down -0.01% to 4049.50.
[Today’s economic data]US factory orders,EURDistrict January retail sales. (Extended reading: The annual event for shareholders: What are the souvenirs for the shareholder meeting announced first?)
2. Pre-market focus on US stocks
1. Last Friday, the United States announced the ISM service index for February: it fell slightly from 55.2 to 55.1, but was higher than market expectations of 54.1; the new orders index soared to 62.6, the highest since November 2011, and the previous value was 60.4 . At the same time, the employment index rose again to 54, the highest since December 2021, showing that the labor market remains tight. Therefore, on the whole, the demand for the service industry in the United States is still strong, and the labor market is still tight, driving wages to continue to grow, and thus causing inflation to continue to decline.
2. Airbnb will lay off 30% of its recruiters: With the recovery after the epidemic and the return of tourism, Airbnb’s revenue surged to US$2 billion in the last quarter of last year, with a profit of US$319 million. Despite this, Airbnb still recently announced that it will lay off 30% of its recruiters this week, which will account for 0.4% of the company’s total headcount. Over the past three years, Airbnb has become a leaner, more focused company, a company spokesman said. The layoffs do not affect the company’s plan to expand its workforce this year. It is expected that the growth rate of employees this year will fall between 2% and 4%.
3. Lagarde, President of the European Central Bank, “Inflation in Europe remains high”, and the probability of a rise of 2 yards in March has greatly increased: Recently, the US and European markets have continued to focus on the issue of inflation. Recently, Lagarde, President of the European Central Bank, said that , the current inflation in Europe is still high, so the March 16 monetary policy meeting is more and more likely to raise interest rates by 2 yards. Federal Reserve Chairman Powell will attend congressional hearings tomorrow and the day after tomorrow, and the market is currently waiting to see whether Powell will reveal the follow-up interest rate hike information at the hearing.
4. Softbank’s ARM plans to raise at least US$8 billion in US IPO: According to sources, ARM, a British chip design company under Japan’s Softbank Group, will raise at least US$8 billion in the US. According to sources, ARM is expected to submit the initial public offering documents in late April. Goldman Sachs Group (GS.US), JPMorgan Chase & Co (JPM.US), Barclays Bank (BCS.US) and Mizuho Financial Group (MFG.US) are close to being the lead underwriters for the deal.(Recommended reading: U.S. stock pre-market newsletter updated daily)
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