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Pre-market: "terrorist data" hit Dow futures up 0.1%
Us stock index futures rose slightly before Friday, as the market focused on "scary data"-US retail sales, as well as comments by the Fed's "number three" and New York Fed chairman William Williams. As of press time, Dow futures are up 0.1%, S & P 500 futures are up 0.2%, and Nasdaq futures are up 0.2%. The FTSE 100th index in the UK rose 0.1 per cent, Germany's DAX index fell 0.2 per cent and France's CAC-40 index fell 0.7 per cent. The dollar strengthened on Friday and is expected to record its best weekly performance in about a month. Investors are worried about a faster rise in interest rates in the United States, so they buy dollars, plus those infected with the epidemic.
Brent crude oil approaching $75 price curve indicates tighter supply
The spread between Brent crude futures in recent and distant months is the highest since February, with a surge in North Sea swaps and a sharp rebound in demand in the crude oil market in the coming months. With Brent crude approaching $75 a barrel, there are several signs that supplies are getting tighter in the oil market as a whole. The swap prices used by traders to hedge-or speculate-physical North Sea crude are heading towards their strongest closing price in 18 months. The premium of recent contracts over contracts delivered the following month is the highest since February. When supply exceeds demand, this price pattern, which is higher in recent months than in distant months, usually becomes more obvious, indicating that investors are right.
World Bank Chief Economist: inflation and debt levels risk rising
Carmen Reinhart, vice president and chief economist of the World Bank Group, was interviewed by reporter Stephanie Flanders. "what is worrying is that inflation is not just a temporary phenomenon," he said. Risks in the financial sector are "currently masked by very low interest rates and highly loose policies during the epidemic", and we do face the risk of significant policy tightening. Many balance sheet problems that went unnoticed before will jump back in front of us. Higher inflation could lead to higher interest rates and make the situation difficult for policy makers to control. "We should not be concerned about the accuracy of the central bank.
Nomura sharply raised its profit target for this fiscal year
Japan's largest brokerage firm Nomura Holdings raised its pre-tax profit target for the current fiscal year ending next March by 14% on Wednesday. It is expected that most of the increase will come from its wholesale business division. The company expects pre-tax profits from its retail, investment management, and wholesale divisions to rise to 320 billion yen (about 2.9 billion US dollars), far higher than the 280 billion yen forecast in May last year. Nomura's wholesale division lost $2.9 billion in the US hedge fund Archegos hold-up incident in March of this year. However, the company now expects the division's pre-tax profit to reach 150 billion yen this fiscal year, compared to 64.3 billion US dollars in the previous fiscal year
Egypt approves Suez Canal widening plan, popular searches will be widened by 40 meters
The topic of Egypt's approval of the Suez Canal expansion plan hit the Weibo Hot List and is currently ranked 28th. Egyptian President Sisi approved a waterway widening plan for the southern section of the Suez Canal submitted by the Suez Canal Authority on Tuesday. The plan is expected to be completed within two years. Sisi said at the ceremony that the freighter stranded accident in March this year highlighted the importance of widening the southern section of the Suez Canal. The plan mainly covers about 30 kilometers of waterway in the Suez Canal from Suez City to Great Bam Lake. It will be widened by 40 meters from the previous one, and the maximum depth will be deepened from about 20 meters to about 22 meters. When the plan is completed, it will enable the southern section of the Suez Canal
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