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Weekly preview | Many Federal Reserve Officials Take Turns! Big results from Disney, Palantir, Occidental Petroleum and others hit
Data such as the number of initial jobless claims in the US, the University of Michigan consumer confidence index, and China's Caixin service industry PMI for April will be revealed one after another.
Institutions | Non-agricultural farmers are not weak enough to need to cut interest rates; when to cut interest rates still depends on inflation
The US added 175,000 new non-farm payrolls in April, falling short of market expectations. The unemployment rate rose slightly, and the hourly wage growth rate slowed.
Bank of America: Weak employment reports are a sign of stagflation, increasing the risk of a sell-off in US stocks
Bank of America strategist Michael Hartnett said that the weak non-farm payrolls report would be a sign of stagflation, increasing the possibility of a sell-off in the stock market.
The Federal Reserve's hawk pigeon “shared”, Bowman: High inflation will continue for some time, Goulsby: We need more employment reports like Friday
Federal Reserve Governor Bowman said that as the Federal Reserve maintains high interest rates, inflation will eventually fall, but he is willing to raise interest rates if future data shows that the progress of the decline in inflation has stagnated or been reversed. Chicago Federal Reserve Chairman Goulsby said that he is waiting for more data to determine whether inflation will fall to the target. The non-farm payrolls report is steady this Friday. The more such reports there are, the more assured he is that the economy is not overheating and that inflation has not rebounded.
US stocks closed | NASDAQ rose about 2%, Apple surged 6% after the results, and Nvidia rose more than 3%
The three major US stock indexes closed up at least 1%; Amgen led the S&P and Dow, the diet drug duo Lilai once fell more than 3%, and Novo Nord Europe shares once fell more than 5%; the chip stock index closed up more than 2% and still fell throughout the week. Qualcomm's sharp rise fell back the next day, and AMD earnings fell more than 4% in the week
Options traders question Powell's dovish remarks; are expectations of the Fed's interest rate hike heating up?
Options linked to interest rates for guaranteed overnight financing suggest that the possibility that the Federal Reserve will raise interest rates in September or December is around 18% and 20%, respectively.