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Overnight news: the Dow closed down 290 points and maintained a six-week high. Apple Inc released new products such as iPhone 13.
For more global financial information Please move 7 × 24 hours live financial news market closing: the Dow closed down 290 points in a row, the Nasdaq fell on September 14, the top 20: Apple Inc released new products such as iPhone 13 and other hot Chinese stocks closed down more than 4% on Tuesday, the US crude oil futures closed almost flat at the six-week high on Tuesday at the $1800 mark at the gold futures station, palladium fell below $2000. Us Treasuries rose due to weaker-than-expected CPI or caused the Federal Reserve to postpone the downsizing of major European stock indexes, most of which closed down the FTSE 100th index on Tuesday.
The median household income in the United States fell in 2020 and the poverty rate rose.
The median household income in the United States fell and the poverty rate rose in 2020, according to a government survey released on Tuesday. The survey helps quantify the impact on Americans' finances after the COVID-19 epidemic severely disrupted the U. S. economy. The median real household income in the US fell to $67500 in 2020, down 2.9 per cent from 2019, according to the Census Bureau. The report also shows that the poverty rate in the United States rose to 11.4 percent from 10.5 percent in 2019, the first increase after five consecutive years of decline.
Morgan Stanley: The yield on 10-year US Treasury bonds is expected to rise by 1.60% is a reasonable position
Guneet Dhingr, head of US interest rate strategy at Morgan Stanley, wrote: Citius, Altius, Fortius — the Olympic motto, translated as faster, higher, stronger, can also be used as our current motto for US Treasury yields. We believe that the US Treasury bond market will absorb the faster pace of interest rate hikes, which is consistent with a stronger economy. We believe that 10-year Treasury yields are below our reasonable valuation of around 1.60%, due in large part to the liquidation of positions in recent weeks amplifying the impact of negative news about the pandemic. In our opinion, the yield is not right
The flip side of the epidemic crisis: the world ushered in the broadest rise in house prices in 20 years
House prices soared in almost every major economy during the outbreak, creating the broadest market rally in more than two decades and reviving concerns among economists about possible threats to financial stability. Of the 40 countries covered by the OECD data, only three saw real house prices fall in the first three months of this year-the smallest proportion since the data series began in 2000. Analysts say historically low interest rates, savings accumulated during the outbreak blockade and people's desire for more space to work from home have all contributed to the trend. Bank for International Settlements
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