U.S. stocks ushered in the first trading day of 2021 on Monday (4th). The major indexes opened for a short period of time before hitting new highs and then fell. The Dow Jones Industrial Average fell nearly 60 points or 0.2%, while the S&P 500 and Nasdaq fell slightly. 0.07% and 0.03%, the fee increased by 1.44%. Tesla soared more than 5% in early trading.
In terms of economic data, IHS Markit announced on MondayEURThe final value of the district’s manufacturing PMI reported at 55.2 in December. Although it has been revised slightly from the initial value, it still hit a two-and-a-half-year high, with German manufacturing activities as the main driving force. The US Markit Manufacturing PMI will be announced later today, and the December non-agricultural employment report will be released on Friday (8th).
Vaccine news, the UK officially launched the vaccination plan for AstraZeneca and Oxford University on Monday, and the UK began to distribute the AstraZeneca vaccine on Monday morning local time. AstraZeneca (AZN-US) Open up 1.5%.
USDThere was another wave of selling on Monday, which hit the lowest point since April 2018.USDAt the same time, the price of gold continued to rise.
In the first trading week of 2021, the market will usher in heavy news of the US election. The U.S. Congress will calculate and announce the results of the Electoral College votes this Wednesday (6th). The Georgia Senate runoff will also appear this week to determine who will ultimately control the U.S. Senate and the prospects for stimulus measures in 2021.
As of Monday (4th) 22 o’clock Taipei time:
- The Dow Jones Index fell 59.50 points, or -0.19%, to 30546.98 points temporarily
- Nasdaq fell 4.46 points, or -0.03%, to 12883.82 points temporarily
- The S&P 500 Index fell 2.70 points or -0.07%, temporarily at 3753.37 points
- Fees rose by 31.96 points, or 1.14%, temporarily at 2,827.46 points
- TSMC ADR rose 2.88% to 112.18 per share USD
- The 10-year U.S. Treasury yield rose to 0.948%
- New York Light Crude Oil fell 0.33% to 48.36 per barrel USD
- Brent crude oil rose 0.17% to 51.89 per barrel USD
- Gold rose 2.6% to 1944.40 per ounce USD
- USDThe index fell 0.39% to 89.540 points
Focus stocks:
Tesla (TSLA-US) Rose 5.15% in early trading to 742.00 USD。
Tesla recently announced that its delivery volume for 2020 will reach 499,550 vehicles, an annual increase of 36%. Although it performed well, it was still slightly lower than Musk’s previous expectations of 500,000 vehicles. Tesla delivered 185,700 vehicles in the fourth quarter, setting a new historical record.
Magellan Health (MGLN-US) Rose 12.23% in early trading to 92.97 USD。
US health insurance giant Centene announced on Monday (4th)USDThe acquisition of Magellan Health will help it expand its mobile health platform. The transaction is expected to be completed in the second half of the year.
The two companies stated that Centene will be USDThe purchase price is a 15% premium to Magellan Health’s closing price last Thursday (31st).
Year(YEAR-US) Rose 0.75% in early trading to 334.50 USD。
The Wall Street Journal quoted people familiar with the matter as reporting that streaming set-top box supplier Roku is negotiating with the short video streaming platform Quibi to acquire the content rights of the latter. Once the negotiations go well, Roku will have the opportunity to obtain a series of exclusive content, which will help the company expand into the field of film and television content.
Daily key economic data:
- US December Markit Manufacturing PMI final value reported 57.1, expected 56.3, previous value 56.5
- At 23:00 Taipei time, the monthly growth rate of construction expenditure in the United States in November will be announced, which is expected to be 1.0%, and the previous value is 1.3%
Wall Street analysis:
Sebastian Mackay, manager of Invesco’s multi-asset fund, said: “We are experiencing a new round of lockdown measures, which have restricted economic activity to a certain extent, but we can see from the epidemic that manufacturing activities tend to remain strong.” Mackay believes that Zhou The first announced US manufacturing PMI may remain strong, indicating that the economy is recovering.
Paul Sandhu, Director of Asia Pacific Multiple Asset Quantitative Solutions at BNP Paribas Asset ManagementUSDIt will continue to weaken, partly due to increased spending on infrastructure and potential stimulus programs.
Dominic Schnider, head of commodities at UBS Wealth Management, said that some macroeconomic data provide support for gold prices, and the epidemic still has a huge impact on Europe and the United States.
Schnider pointed out that if the vaccine is effective, it will not return to normal until the second half of the year at the earliest, which means that monetary policy will continue to be loose and investors will choose to continue to hold gold as a hedge tool.
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