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2021-04-06

$SHENG SIONG GROUP LTD(OV8.SI)$long hold

2021-03-30

All time low

2021-03-30

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S&P 500 falls as tech shares come under pressure amid rising bond yields

2021-03-25

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The real deal? The case for and against inflation

2021-03-25

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21:32","market":"us","language":"en","title":"S&P 500 falls as tech shares come under pressure amid rising bond yields","url":"https://stock-news.laohu8.com/highlight/detail?id=1171666155","media":"老虎资讯综合","summary":"(March 30) S&P 500 falls as tech shares come under pressure amid rising bond yields. TAL Education i","content":"<p>(March 30)&nbsp;S&amp;P 500 falls as tech shares come under pressure amid rising bond yields. TAL Education&nbsp;is&nbsp;up nearly 7% .Vipshop is&nbsp;up more than 7%.</p><p>U.S. stocks fell on Tuesday as a jump in bond yields prompted investors to dump high-flying tech shares.</p><p><img src=\"https://static.tigerbbs.com/ff30acb5582f1c4aa501af998cf4b482\" tg-width=\"642\" tg-height=\"492\" referrerpolicy=\"no-referrer\"></p><p><img src=\"https://static.tigerbbs.com/2396fa4759686c89e9ee2a0589dfdee5\" tg-width=\"642\" tg-height=\"492\" referrerpolicy=\"no-referrer\">Futures contracts tied to the Dow Jones Industrial Average were little changed. S&amp;P 500 futures fell 0.3%, while Nasdaq 100 futures fell 0.7%. Apple, Amazon, Microsoft, Netflix and Facebook all traded in the red in premarket. Tesla fell more than 2%.</p><p>The 10 year Treasury yield jumped 6 basis points to top 1.77%, the highest level in 14 months as vaccine rollouts and expected infrastructure spending boosted expectations of a broad economic recovery and rising inflation.</p><p>The market experienced heightened volatility amid the continued fallout after a hedge fund was forced to liquidate its position in several media stocks.</p><p>ViacomCBS and Discovery both slid on Monday after registering heavy losses last week prompted by Archegos Capital Management selling large blocks of stock late last week,as reported by CNBC and other outlets.</p><p>Bank stocks also declined on Monday, with Credit Suisse and Nomura posting heavy losses after warning of“significant”hits to first-quarter results following the hedge fund’s selling.</p><p>Still, despite the recent volatility, the Dow and S&amp;P 500 are firmly higher for the month, gaining 7.2% and 4.2%, respectively.</p><p>“The significant tailwinds propelling equities higher and the forces that have driven equities into, during, and now out of the pandemic remain,” analysts at Evercore ISI wrote in a note to clients.</p><p>“Investors seem to understand that faster growth, rising earnings growth expectations, still historically low corporate borrowing costs, and pent up consumer demand will fuel further market gains,” the firm added.</p><p>Evercore envisions the pace of gains slowing, however, with equities already pricing in a reacceleration of growth.</p><p>Small cap stocks have been a beneficiary of the reopening trade in recent months as investors rotated into some of the hardest hit areas of the market. The Russell 2000 has gained 43% over the last six months, more than doubling the return of the Dow and S&amp;P.</p><p>Jim Lacamp, senior vice president at Morgan Stanley Wealth Management, believes this trade may now have run its course.</p><p>“These plays that have really ramped up from the lows — especially from the September lows — like the small caps and the lower-quality stocks are going to take a backstage,” he said Monday on CNBC’s“Closing Bell.”</p><p>“The markets are already moving fast mentally from the early stage recovery plays into the mid stage recovery plays, and it might mean the averages have trouble continuing to hit new highs,” he added.</p><p>Traders are bracing for heightened volatility during this holiday-shortened week with quarter-end rebalancing among pension funds and other big investors. The recent swift advance in bond yields could set up money managers for big adjustments in their portfolios.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S&P 500 falls as tech shares come under pressure amid rising bond yields</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nS&P 500 falls as tech shares come under pressure amid rising bond yields\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2021-03-30 21:32</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(March 30)&nbsp;S&amp;P 500 falls as tech shares come under pressure amid rising bond yields. TAL Education&nbsp;is&nbsp;up nearly 7% .Vipshop is&nbsp;up more than 7%.</p><p>U.S. stocks fell on Tuesday as a jump in bond yields prompted investors to dump high-flying tech shares.</p><p><img src=\"https://static.tigerbbs.com/ff30acb5582f1c4aa501af998cf4b482\" tg-width=\"642\" tg-height=\"492\" referrerpolicy=\"no-referrer\"></p><p><img src=\"https://static.tigerbbs.com/2396fa4759686c89e9ee2a0589dfdee5\" tg-width=\"642\" tg-height=\"492\" referrerpolicy=\"no-referrer\">Futures contracts tied to the Dow Jones Industrial Average were little changed. S&amp;P 500 futures fell 0.3%, while Nasdaq 100 futures fell 0.7%. Apple, Amazon, Microsoft, Netflix and Facebook all traded in the red in premarket. Tesla fell more than 2%.</p><p>The 10 year Treasury yield jumped 6 basis points to top 1.77%, the highest level in 14 months as vaccine rollouts and expected infrastructure spending boosted expectations of a broad economic recovery and rising inflation.</p><p>The market experienced heightened volatility amid the continued fallout after a hedge fund was forced to liquidate its position in several media stocks.</p><p>ViacomCBS and Discovery both slid on Monday after registering heavy losses last week prompted by Archegos Capital Management selling large blocks of stock late last week,as reported by CNBC and other outlets.</p><p>Bank stocks also declined on Monday, with Credit Suisse and Nomura posting heavy losses after warning of“significant”hits to first-quarter results following the hedge fund’s selling.</p><p>Still, despite the recent volatility, the Dow and S&amp;P 500 are firmly higher for the month, gaining 7.2% and 4.2%, respectively.</p><p>“The significant tailwinds propelling equities higher and the forces that have driven equities into, during, and now out of the pandemic remain,” analysts at Evercore ISI wrote in a note to clients.</p><p>“Investors seem to understand that faster growth, rising earnings growth expectations, still historically low corporate borrowing costs, and pent up consumer demand will fuel further market gains,” the firm added.</p><p>Evercore envisions the pace of gains slowing, however, with equities already pricing in a reacceleration of growth.</p><p>Small cap stocks have been a beneficiary of the reopening trade in recent months as investors rotated into some of the hardest hit areas of the market. The Russell 2000 has gained 43% over the last six months, more than doubling the return of the Dow and S&amp;P.</p><p>Jim Lacamp, senior vice president at Morgan Stanley Wealth Management, believes this trade may now have run its course.</p><p>“These plays that have really ramped up from the lows — especially from the September lows — like the small caps and the lower-quality stocks are going to take a backstage,” he said Monday on CNBC’s“Closing Bell.”</p><p>“The markets are already moving fast mentally from the early stage recovery plays into the mid stage recovery plays, and it might mean the averages have trouble continuing to hit new highs,” he added.</p><p>Traders are bracing for heightened volatility during this holiday-shortened week with quarter-end rebalancing among pension funds and other big investors. The recent swift advance in bond yields could set up money managers for big adjustments in their portfolios.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/5d8fb95e65f042f352c6313989391357","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1171666155","content_text":"(March 30) S&P 500 falls as tech shares come under pressure amid rising bond yields. TAL Education is up nearly 7% .Vipshop is up more than 7%.U.S. stocks fell on Tuesday as a jump in bond yields prompted investors to dump high-flying tech shares.Futures contracts tied to the Dow Jones Industrial Average were little changed. S&P 500 futures fell 0.3%, while Nasdaq 100 futures fell 0.7%. Apple, Amazon, Microsoft, Netflix and Facebook all traded in the red in premarket. Tesla fell more than 2%.The 10 year Treasury yield jumped 6 basis points to top 1.77%, the highest level in 14 months as vaccine rollouts and expected infrastructure spending boosted expectations of a broad economic recovery and rising inflation.The market experienced heightened volatility amid the continued fallout after a hedge fund was forced to liquidate its position in several media stocks.ViacomCBS and Discovery both slid on Monday after registering heavy losses last week prompted by Archegos Capital Management selling large blocks of stock late last week,as reported by CNBC and other outlets.Bank stocks also declined on Monday, with Credit Suisse and Nomura posting heavy losses after warning of“significant”hits to first-quarter results following the hedge fund’s selling.Still, despite the recent volatility, the Dow and S&P 500 are firmly higher for the month, gaining 7.2% and 4.2%, respectively.“The significant tailwinds propelling equities higher and the forces that have driven equities into, during, and now out of the pandemic remain,” analysts at Evercore ISI wrote in a note to clients.“Investors seem to understand that faster growth, rising earnings growth expectations, still historically low corporate borrowing costs, and pent up consumer demand will fuel further market gains,” the firm added.Evercore envisions the pace of gains slowing, however, with equities already pricing in a reacceleration of growth.Small cap stocks have been a beneficiary of the reopening trade in recent months as investors rotated into some of the hardest hit areas of the market. The Russell 2000 has gained 43% over the last six months, more than doubling the return of the Dow and S&P.Jim Lacamp, senior vice president at Morgan Stanley Wealth Management, believes this trade may now have run its course.“These plays that have really ramped up from the lows — especially from the September lows — like the small caps and the lower-quality stocks are going to take a backstage,” he said Monday on CNBC’s“Closing Bell.”“The markets are already moving fast mentally from the early stage recovery plays into the mid stage recovery plays, and it might mean the averages have trouble continuing to hit new highs,” he added.Traders are bracing for heightened volatility during this holiday-shortened week with quarter-end rebalancing among pension funds and other big investors. The recent swift advance in bond yields could set up money managers for big adjustments in their portfolios.","news_type":1},"isVote":1,"tweetType":1,"viewCount":108,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":358155467,"gmtCreate":1616675684059,"gmtModify":1704797247667,"author":{"id":"3575777628579689","authorId":"3575777628579689","authorIdStr":"3575777628579689","name":"CoDi","avatar":"https://static.tigerbbs.com/ad55c256c7be746ca5dc59f23ceaea79","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575777628579689"},"themes":[],"htmlText":"Sure","listText":"Sure","text":"Sure","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/358155467","repostId":"2122114714","repostType":4,"repost":{"id":"2122114714","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1616673985,"share":"https://ttm.financial/m/news/2122114714?lang=&edition=fundamental","pubTime":"2021-03-25 20:06","market":"us","language":"en","title":"The real deal? The case for and against inflation","url":"https://stock-news.laohu8.com/highlight/detail?id=2122114714","media":"Reuters","summary":"LONDON (Reuters) - After years of dormant inflation, the spectre of accelerating price rises is rear","content":"<p>LONDON (Reuters) - After years of dormant inflation, the spectre of accelerating price rises is rearing its head again across the developed world. Maybe.</p>\n<p>Debates are raging among economists on whether aggressive government spending unleashed since the COVID-19 pandemic will power economic growth, and therefore inflation. Market gauges of U.S. inflation are at multi-year highs, inflation bulls note.</p>\n<p>Hold on, warn others, pointing to subdued wage pressures. They note, too, that technological and demographic forces that kept price growth low for so long have not gone away.</p>\n<p>Here are the cases for and against a surge in inflation.</p>\n<p><b>THE CASE FOR:</b></p>\n<p><b>1/ RAPID REBOUND</b></p>\n<p>In the United States, a $1.9 trillion spending package, equivalent to 9% of GDP, and a rapid vaccine rollout are game changers. There’s also talk of another $3 trillion in infrastructure spending.</p>\n<p>With the U.S. economy seen expanding more than 7% this year, the highest in decades, corporate and consumer spending should get a boost. The IMF predicts 2021 global growth at 5.5%.</p>\n<p>Cumulative economic losses in the United States from the pandemic will be roughly a quarter of the hit from the 2008-2009 crisis, BlackRock estimates.</p>\n<p>So, after a 30-year absence, inflation might “not just moderately overshoot 2% but could threaten to breach 2.5% year-on-year -- the Fed’s implicit tolerance threshold”, says Chetan Ahya, Morgan Stanley’s global head of economics.</p>\n<p>Graphic: US real GDP relative to pre-recession path -</p>\n<p><img src=\"https://static.tigerbbs.com/dfdcb2b403d436b03a1bf0e9d21d28b2\" tg-width=\"520\" tg-height=\"353\"></p>\n<p><b>2/ MORE MONEY</b></p>\n<p>In 2020, the Federal Reserve increased the amount of dollars in circulation by around 20%. Boost the money supply significantly, argue the monetarists, and inflation follows.</p>\n<p>Manoj Pradhan, who makes the case for an inflation revival in The Great Demographic Reversal, co-authored with Charles Goodhart, said huge fiscal stimulus would ensure a robust rise in domestic spending, some of which was already showing up in a rise in M1 money supply.</p>\n<p>The M2 money supply measure in the United States and Japan is several times levels seen in the last 30 or 35 years, he said, a sign of building inflationary forces.</p>\n<p>Graphic: M2 money supply growth, US, Japan -</p>\n<p><img src=\"https://static.tigerbbs.com/855bc2144596ed44e754a43dea02a0b2\" tg-width=\"753\" tg-height=\"570\"></p>\n<p><b>3/ RISING WAGES</b></p>\n<p>Corporate profits rose in recent decades and wages fell as hundreds of millions of lowly-paid Asian workers joined the labour ranks. But now, those populations are ageing.</p>\n<p>In 2018, U.S. workers earned five times the average Chinese worker, versus 35 times in 2000, according to Pradhan.</p>\n<p>The median age in major Asian countries is now higher than in the United States, according to brokerage StoneX. Its global macro strategist Vincent Deluard predicts this will slow Asian growth, shrink current account surpluses and lift currencies.</p>\n<p>“For the rest of the world, this will be a massive and unexpected, inflationary shock,” he said.</p>\n<p><b>THE CASE AGAINST</b></p>\n<p><b>1/ IT’S TEMPORARY</b></p>\n<p>Inflation bears argue post-pandemic price rises are normal and won’t necessarily lead to sustained longer-term gains. Rising prices are currently driven almost exclusively by higher energy and COVID-19-induced supply-side disruptions, they note.</p>\n<p>Inflation projections for much of the developed world remain pessimistic: the European Central Bank forecasts euro zone inflation at 1.5% in 2021 but easing to 1.2% in 2022.</p>\n<p>High debt levels, too, can weigh on inflation, and G7 government indebtedness reached 142% of GDP by end-2020, from 119% at end-2019, BofA estimates.</p>\n<p>What also matters is whether policymakers rein in spending once the output gap -- the difference between potential and actual economic growth rates -- closes, said MFS Investment Management’s Erik Weisman. He predicts the U.S. government will eventually turn off the taps.</p>\n<p>Graphic: Where's the inflation? US and euro inflation rates -</p>\n<p><img src=\"https://static.tigerbbs.com/a100e3aa922f10fe222e526155e19508\" tg-width=\"758\" tg-height=\"565\"></p>\n<p><b>2/ WAGES</b></p>\n<p>Nearly 10 million fewer Americans are in work now than before COVID-19 hit and there is no guarantee that all laid-off workers can return.</p>\n<p>In the euro zone, average wage growth was slowing even before the pandemic. Despite unemployment at a decade low, wage growth was an annual rate of just 1.7% at end-2019, Fitch notes.</p>\n<p>Mike Riddell at Allianz Global Investors said unemployment rates must fall below end-2019 levels to generate much inflation and “we are many years away from that”.</p>\n<p>In short, labour markets have lots of room for wages to rise before they lift inflation.</p>\n<p>Graphic: G4 economies jobless rates -</p>\n<p><img src=\"https://static.tigerbbs.com/8eebf465c72a64c9add49e6883e5f69d\" tg-width=\"756\" tg-height=\"569\"></p>\n<p><b>3/ THE AMAZON EFFECT</b></p>\n<p>From Amazon to Zoom, tech firms were the pandemic’s biggest corporate winners.</p>\n<p>Technological advances could continue to pressure prices lower and in fact the pandemic has accelerated moves towards online retail. In Britain, internet sales comprise 35% of all retail sales versus 20% in January 2020.</p>\n<p>Goods and services exposed to e-commerce typically experience disinflation or deflation, Northern Trust economist Carl Tannenbaum noted, adding: “I think (e-commerce) will be a lasting development”.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The real deal? The case for and against inflation</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe real deal? The case for and against inflation\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-03-25 20:06</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>LONDON (Reuters) - After years of dormant inflation, the spectre of accelerating price rises is rearing its head again across the developed world. Maybe.</p>\n<p>Debates are raging among economists on whether aggressive government spending unleashed since the COVID-19 pandemic will power economic growth, and therefore inflation. Market gauges of U.S. inflation are at multi-year highs, inflation bulls note.</p>\n<p>Hold on, warn others, pointing to subdued wage pressures. They note, too, that technological and demographic forces that kept price growth low for so long have not gone away.</p>\n<p>Here are the cases for and against a surge in inflation.</p>\n<p><b>THE CASE FOR:</b></p>\n<p><b>1/ RAPID REBOUND</b></p>\n<p>In the United States, a $1.9 trillion spending package, equivalent to 9% of GDP, and a rapid vaccine rollout are game changers. There’s also talk of another $3 trillion in infrastructure spending.</p>\n<p>With the U.S. economy seen expanding more than 7% this year, the highest in decades, corporate and consumer spending should get a boost. The IMF predicts 2021 global growth at 5.5%.</p>\n<p>Cumulative economic losses in the United States from the pandemic will be roughly a quarter of the hit from the 2008-2009 crisis, BlackRock estimates.</p>\n<p>So, after a 30-year absence, inflation might “not just moderately overshoot 2% but could threaten to breach 2.5% year-on-year -- the Fed’s implicit tolerance threshold”, says Chetan Ahya, Morgan Stanley’s global head of economics.</p>\n<p>Graphic: US real GDP relative to pre-recession path -</p>\n<p><img src=\"https://static.tigerbbs.com/dfdcb2b403d436b03a1bf0e9d21d28b2\" tg-width=\"520\" tg-height=\"353\"></p>\n<p><b>2/ MORE MONEY</b></p>\n<p>In 2020, the Federal Reserve increased the amount of dollars in circulation by around 20%. Boost the money supply significantly, argue the monetarists, and inflation follows.</p>\n<p>Manoj Pradhan, who makes the case for an inflation revival in The Great Demographic Reversal, co-authored with Charles Goodhart, said huge fiscal stimulus would ensure a robust rise in domestic spending, some of which was already showing up in a rise in M1 money supply.</p>\n<p>The M2 money supply measure in the United States and Japan is several times levels seen in the last 30 or 35 years, he said, a sign of building inflationary forces.</p>\n<p>Graphic: M2 money supply growth, US, Japan -</p>\n<p><img src=\"https://static.tigerbbs.com/855bc2144596ed44e754a43dea02a0b2\" tg-width=\"753\" tg-height=\"570\"></p>\n<p><b>3/ RISING WAGES</b></p>\n<p>Corporate profits rose in recent decades and wages fell as hundreds of millions of lowly-paid Asian workers joined the labour ranks. But now, those populations are ageing.</p>\n<p>In 2018, U.S. workers earned five times the average Chinese worker, versus 35 times in 2000, according to Pradhan.</p>\n<p>The median age in major Asian countries is now higher than in the United States, according to brokerage StoneX. Its global macro strategist Vincent Deluard predicts this will slow Asian growth, shrink current account surpluses and lift currencies.</p>\n<p>“For the rest of the world, this will be a massive and unexpected, inflationary shock,” he said.</p>\n<p><b>THE CASE AGAINST</b></p>\n<p><b>1/ IT’S TEMPORARY</b></p>\n<p>Inflation bears argue post-pandemic price rises are normal and won’t necessarily lead to sustained longer-term gains. Rising prices are currently driven almost exclusively by higher energy and COVID-19-induced supply-side disruptions, they note.</p>\n<p>Inflation projections for much of the developed world remain pessimistic: the European Central Bank forecasts euro zone inflation at 1.5% in 2021 but easing to 1.2% in 2022.</p>\n<p>High debt levels, too, can weigh on inflation, and G7 government indebtedness reached 142% of GDP by end-2020, from 119% at end-2019, BofA estimates.</p>\n<p>What also matters is whether policymakers rein in spending once the output gap -- the difference between potential and actual economic growth rates -- closes, said MFS Investment Management’s Erik Weisman. He predicts the U.S. government will eventually turn off the taps.</p>\n<p>Graphic: Where's the inflation? US and euro inflation rates -</p>\n<p><img src=\"https://static.tigerbbs.com/a100e3aa922f10fe222e526155e19508\" tg-width=\"758\" tg-height=\"565\"></p>\n<p><b>2/ WAGES</b></p>\n<p>Nearly 10 million fewer Americans are in work now than before COVID-19 hit and there is no guarantee that all laid-off workers can return.</p>\n<p>In the euro zone, average wage growth was slowing even before the pandemic. Despite unemployment at a decade low, wage growth was an annual rate of just 1.7% at end-2019, Fitch notes.</p>\n<p>Mike Riddell at Allianz Global Investors said unemployment rates must fall below end-2019 levels to generate much inflation and “we are many years away from that”.</p>\n<p>In short, labour markets have lots of room for wages to rise before they lift inflation.</p>\n<p>Graphic: G4 economies jobless rates -</p>\n<p><img src=\"https://static.tigerbbs.com/8eebf465c72a64c9add49e6883e5f69d\" tg-width=\"756\" tg-height=\"569\"></p>\n<p><b>3/ THE AMAZON EFFECT</b></p>\n<p>From Amazon to Zoom, tech firms were the pandemic’s biggest corporate winners.</p>\n<p>Technological advances could continue to pressure prices lower and in fact the pandemic has accelerated moves towards online retail. In Britain, internet sales comprise 35% of all retail sales versus 20% in January 2020.</p>\n<p>Goods and services exposed to e-commerce typically experience disinflation or deflation, Northern Trust economist Carl Tannenbaum noted, adding: “I think (e-commerce) will be a lasting development”.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2122114714","content_text":"LONDON (Reuters) - After years of dormant inflation, the spectre of accelerating price rises is rearing its head again across the developed world. Maybe.\nDebates are raging among economists on whether aggressive government spending unleashed since the COVID-19 pandemic will power economic growth, and therefore inflation. Market gauges of U.S. inflation are at multi-year highs, inflation bulls note.\nHold on, warn others, pointing to subdued wage pressures. They note, too, that technological and demographic forces that kept price growth low for so long have not gone away.\nHere are the cases for and against a surge in inflation.\nTHE CASE FOR:\n1/ RAPID REBOUND\nIn the United States, a $1.9 trillion spending package, equivalent to 9% of GDP, and a rapid vaccine rollout are game changers. There’s also talk of another $3 trillion in infrastructure spending.\nWith the U.S. economy seen expanding more than 7% this year, the highest in decades, corporate and consumer spending should get a boost. The IMF predicts 2021 global growth at 5.5%.\nCumulative economic losses in the United States from the pandemic will be roughly a quarter of the hit from the 2008-2009 crisis, BlackRock estimates.\nSo, after a 30-year absence, inflation might “not just moderately overshoot 2% but could threaten to breach 2.5% year-on-year -- the Fed’s implicit tolerance threshold”, says Chetan Ahya, Morgan Stanley’s global head of economics.\nGraphic: US real GDP relative to pre-recession path -\n\n2/ MORE MONEY\nIn 2020, the Federal Reserve increased the amount of dollars in circulation by around 20%. Boost the money supply significantly, argue the monetarists, and inflation follows.\nManoj Pradhan, who makes the case for an inflation revival in The Great Demographic Reversal, co-authored with Charles Goodhart, said huge fiscal stimulus would ensure a robust rise in domestic spending, some of which was already showing up in a rise in M1 money supply.\nThe M2 money supply measure in the United States and Japan is several times levels seen in the last 30 or 35 years, he said, a sign of building inflationary forces.\nGraphic: M2 money supply growth, US, Japan -\n\n3/ RISING WAGES\nCorporate profits rose in recent decades and wages fell as hundreds of millions of lowly-paid Asian workers joined the labour ranks. But now, those populations are ageing.\nIn 2018, U.S. workers earned five times the average Chinese worker, versus 35 times in 2000, according to Pradhan.\nThe median age in major Asian countries is now higher than in the United States, according to brokerage StoneX. Its global macro strategist Vincent Deluard predicts this will slow Asian growth, shrink current account surpluses and lift currencies.\n“For the rest of the world, this will be a massive and unexpected, inflationary shock,” he said.\nTHE CASE AGAINST\n1/ IT’S TEMPORARY\nInflation bears argue post-pandemic price rises are normal and won’t necessarily lead to sustained longer-term gains. Rising prices are currently driven almost exclusively by higher energy and COVID-19-induced supply-side disruptions, they note.\nInflation projections for much of the developed world remain pessimistic: the European Central Bank forecasts euro zone inflation at 1.5% in 2021 but easing to 1.2% in 2022.\nHigh debt levels, too, can weigh on inflation, and G7 government indebtedness reached 142% of GDP by end-2020, from 119% at end-2019, BofA estimates.\nWhat also matters is whether policymakers rein in spending once the output gap -- the difference between potential and actual economic growth rates -- closes, said MFS Investment Management’s Erik Weisman. He predicts the U.S. government will eventually turn off the taps.\nGraphic: Where's the inflation? US and euro inflation rates -\n\n2/ WAGES\nNearly 10 million fewer Americans are in work now than before COVID-19 hit and there is no guarantee that all laid-off workers can return.\nIn the euro zone, average wage growth was slowing even before the pandemic. Despite unemployment at a decade low, wage growth was an annual rate of just 1.7% at end-2019, Fitch notes.\nMike Riddell at Allianz Global Investors said unemployment rates must fall below end-2019 levels to generate much inflation and “we are many years away from that”.\nIn short, labour markets have lots of room for wages to rise before they lift inflation.\nGraphic: G4 economies jobless rates -\n\n3/ THE AMAZON EFFECT\nFrom Amazon to Zoom, tech firms were the pandemic’s biggest corporate winners.\nTechnological advances could continue to pressure prices lower and in fact the pandemic has accelerated moves towards online retail. In Britain, internet sales comprise 35% of all retail sales versus 20% in January 2020.\nGoods and services exposed to e-commerce typically experience disinflation or deflation, Northern Trust economist Carl Tannenbaum noted, adding: “I think (e-commerce) will be a lasting development”.","news_type":1},"isVote":1,"tweetType":1,"viewCount":242,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":358152585,"gmtCreate":1616675626247,"gmtModify":1704797246359,"author":{"id":"3575777628579689","authorId":"3575777628579689","authorIdStr":"3575777628579689","name":"CoDi","avatar":"https://static.tigerbbs.com/ad55c256c7be746ca5dc59f23ceaea79","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575777628579689"},"themes":[],"htmlText":".","listText":".","text":".","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/358152585","repostId":"1142620967","repostType":4,"isVote":1,"tweetType":1,"viewCount":162,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":343300414,"gmtCreate":1617673273638,"gmtModify":1704701624448,"author":{"id":"3575777628579689","authorId":"3575777628579689","authorIdStr":"3575777628579689","name":"CoDi","avatar":"https://static.tigerbbs.com/ad55c256c7be746ca5dc59f23ceaea79","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575777628579689"},"themes":[],"htmlText":"<a 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stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1616675149,"share":"https://ttm.financial/m/news/1142620967?lang=&edition=fundamental","pubTime":"2021-03-25 20:25","market":"us","language":"en","title":"Toplines Before US Market Open on Thursday","url":"https://stock-news.laohu8.com/highlight/detail?id=1142620967","media":"Tiger Newspress","summary":"U.S. Futures traded lowerTreasury yields steady as focus turns to seven-year auctionCrude volatile a","content":"<ul><li>U.S. Futures traded lower</li></ul><ul><li>Treasury yields steady as focus turns to seven-year auction</li></ul><ul><li>Crude volatile amid efforts to move ship blocking Suez Canal</li></ul><p>U.S. equity futures traded lower, erasing earlier gains, as investors weighed Washington’s assessment of a recovery in the world’s largest economy. Oil turned lower after a rally spurred by the&nbsp;blockage of&nbsp;the Suez Canal fizzled.</p><p>At 8:10 a.m. ET, Dow e-minis were down 108 points, or 0.33%, S&amp;P 500 e-minis were down 14.25 points, or 0.37%, and Nasdaq 100 e-minis were down 57.5 points, or 0.45%.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c44c139c40f7aa949a40a7fb269e8d5f\" tg-width=\"1080\" tg-height=\"380\" referrerpolicy=\"no-referrer\"><span>*Source FromTiger Trade, EST 08:10</span></p><p>In the premarket, Nike Inc. lost 4% as the company risked a boycott in China over its practice of not sourcing cotton from the contentious Xinjiang region.</p><p>Federal Reserve Chairman&nbsp;Jerome Powell&nbsp;said that Covid economic stimulus and vaccinations allowed the U.S. economy to recover faster than expected and that central bankers, at some point,may be able to pull backemergency support.</p><p>The Labor Department’s weekly jobless claims report, the most timely indicator of economic health, is expected to show claims fell to 730,000 in the week ended March 20 from 770,000 in the previous week.</p><p><b>Stocks making the biggest moves in the premarket:</b></p><p><b>EV Stocks&nbsp;(Tesla,Nio,Xpeng Motors and Li Auto)</b>&nbsp;&nbsp;EV Stocks&nbsp;Stocks underperformed,The shares&nbsp;of&nbsp;Xpeng Motors&nbsp;fell&nbsp;6%,Nio&nbsp;fell&nbsp;5%,Li Auto&nbsp;fell&nbsp;4%&nbsp;and&nbsp;Tesla&nbsp;fell&nbsp;3.6%&nbsp;in premarket trading.</p><p><b>Hot Chinese concept stocks&nbsp;(Alibaba,Pinduoduo,JD.COM,Baidu)</b>&nbsp;As&nbsp;<a href=\"https://laohu8.com/NW/1140740478\" target=\"_blank\">U.S. SEC begins roll-out of law aimed at delisting Chinese firms</a>,Hot Chinese concept stocksgenerally fell,The shares&nbsp;of&nbsp;Alibaba&nbsp;fell&nbsp;2.5%,Pinduoduo&nbsp;fell&nbsp;3.4%,JD.COM&nbsp;fell&nbsp;3%&nbsp;and&nbsp;Baidu&nbsp;fell&nbsp;6%&nbsp;in premarket trading.</p><p><b>Nike&nbsp;(NKE)</b> – Nike is the target of criticism on Chinese social media for a statement in which the athletic footwear and apparel maker said it was “concerned” about reports of forced labor in Xinjiang. Nike also said it does not source products from the region. The shares fell 4.5% in premarket trading.</p><p><b>Royal Philips&nbsp;(PHG) </b>– The health technology company struck a deal to sell its Domestic Appliances unit to investment firm Hillhouse Capital for about $4.4 billion. The transaction includes the right for Hillhouse to use the Philips brand name for 15 years, with the possibility of renewal. Philips shares added 1.6% in the premarket.</p><p><b>ViacomCBS&nbsp;(VIAC) </b>– The media company’s stock remains on watch after a more than 30% tumble over the past two sessions. That followed the company’s announcement that it would raise $3 billion through stock sales. It fell another 5.7% in the premarket.</p><p><b>Rite Aid&nbsp;(RAD)</b> – Rite Aid expects to report a loss for its just-concluded fiscal year, compared to analysts’ forecasts of a $125 million profit. The drugstore chain was hit by a 37% drop in sales of cold, cough and flu-related products, as people suffered from these maladies far less due to pandemic-related lockdowns. Rite Aid shares plunged 12.6% in premarket action.</p><p><b>Walgreens&nbsp;(WBA) </b>– The drugstore operator’s stock fell 1.5% in the premarket, possibly in sympathy with Rite Aid. Deutsche Bank also labeled the stock a “catalyst call buy idea,” noting short-term issues but saying the Covid vaccine could provide a positive opportunity for Walgreens in both the near and longer-term.</p><p><b>Darden Restaurants&nbsp;(DRI) </b>– The parent of Olive Garden and other restaurant chains&nbsp;reported quarterly earnings of 98 cents per share, well above the consensus estimate of 69 cents a share. Revenue beat estimates as well, and although same-restaurant sales tumbled 26.7% from a year ago, that was a smaller drop than the 31.2% anticipated by analysts polled by FactSet. Darden shares rose 4.9% in premarket trading.</p><p><b>Coherent&nbsp;(COHR)</b> – Coherent accepted a takeover proposal by optical components maker&nbsp;II-VI(IIVI), ending a long bidding battle between II-VI and optical fiber company&nbsp;Lumentum(LITE). Coherent – a provider of lasers and related technology – approved the bid of $220 per share in cash and 0.91 II-VI shares for each Coherent share, and will pay Lumentum a breakup fee of $217.6 million. II-VI tumbled 8% while Lumentum jumped 6.3% in the premarket.</p><p><b>RH&nbsp;(RH) </b>– RH reported quarterly earnings of $5.07 per share, beating the consensus estimate of $4.76 a share. The Restoration Hardware parent also saw revenue beat analysts’ forecasts. RH reported strong demand for its high-end furniture and other luxury products, and expects current-quarter revenue to grow by at least 50%. RH shares surged 4.7% in premarket action.</p><p><b>KB Home&nbsp;(KBH)</b> – KB Home beat estimates by 10 cents a share, with quarterly profit of $1.02 per share. The home builder’s revenue missed analysts’ projections despite a 23% rise in net orders and a 4% increase in deliveries. KB Home shares dropped 5% in premarket trading.</p><p><b>AstraZeneca&nbsp;(AZN)</b> – The drugmaker said&nbsp;an updated analysis of its Covid-19 vaccine’s U.S. trial&nbsp;showed 76% efficacy, compared to 79% in a report earlier this week. The earlier report had not included more recent infections and came under some scrutiny from an independent data monitoring board.</p><p><b>H.B. Fuller&nbsp;(FUL) </b>– H.B. Fuller reported quarterly profit of 66 cents per share, 19 cents a share above estimates. Revenue also topped Wall Street forecasts. The maker of adhesives, sealants and other industrial products saw particular strength in health and hygiene-related products, although it saw weakness in construction adhesives. Fuller shares surged 6.2% in premarket action.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Toplines Before US Market Open on Thursday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nToplines Before US Market Open on Thursday\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-03-25 20:25</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul><li>U.S. Futures traded lower</li></ul><ul><li>Treasury yields steady as focus turns to seven-year auction</li></ul><ul><li>Crude volatile amid efforts to move ship blocking Suez Canal</li></ul><p>U.S. equity futures traded lower, erasing earlier gains, as investors weighed Washington’s assessment of a recovery in the world’s largest economy. Oil turned lower after a rally spurred by the&nbsp;blockage of&nbsp;the Suez Canal fizzled.</p><p>At 8:10 a.m. ET, Dow e-minis were down 108 points, or 0.33%, S&amp;P 500 e-minis were down 14.25 points, or 0.37%, and Nasdaq 100 e-minis were down 57.5 points, or 0.45%.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c44c139c40f7aa949a40a7fb269e8d5f\" tg-width=\"1080\" tg-height=\"380\" referrerpolicy=\"no-referrer\"><span>*Source FromTiger Trade, EST 08:10</span></p><p>In the premarket, Nike Inc. lost 4% as the company risked a boycott in China over its practice of not sourcing cotton from the contentious Xinjiang region.</p><p>Federal Reserve Chairman&nbsp;Jerome Powell&nbsp;said that Covid economic stimulus and vaccinations allowed the U.S. economy to recover faster than expected and that central bankers, at some point,may be able to pull backemergency support.</p><p>The Labor Department’s weekly jobless claims report, the most timely indicator of economic health, is expected to show claims fell to 730,000 in the week ended March 20 from 770,000 in the previous week.</p><p><b>Stocks making the biggest moves in the premarket:</b></p><p><b>EV Stocks&nbsp;(Tesla,Nio,Xpeng Motors and Li Auto)</b>&nbsp;&nbsp;EV Stocks&nbsp;Stocks underperformed,The shares&nbsp;of&nbsp;Xpeng Motors&nbsp;fell&nbsp;6%,Nio&nbsp;fell&nbsp;5%,Li Auto&nbsp;fell&nbsp;4%&nbsp;and&nbsp;Tesla&nbsp;fell&nbsp;3.6%&nbsp;in premarket trading.</p><p><b>Hot Chinese concept stocks&nbsp;(Alibaba,Pinduoduo,JD.COM,Baidu)</b>&nbsp;As&nbsp;<a href=\"https://laohu8.com/NW/1140740478\" target=\"_blank\">U.S. SEC begins roll-out of law aimed at delisting Chinese firms</a>,Hot Chinese concept stocksgenerally fell,The shares&nbsp;of&nbsp;Alibaba&nbsp;fell&nbsp;2.5%,Pinduoduo&nbsp;fell&nbsp;3.4%,JD.COM&nbsp;fell&nbsp;3%&nbsp;and&nbsp;Baidu&nbsp;fell&nbsp;6%&nbsp;in premarket trading.</p><p><b>Nike&nbsp;(NKE)</b> – Nike is the target of criticism on Chinese social media for a statement in which the athletic footwear and apparel maker said it was “concerned” about reports of forced labor in Xinjiang. Nike also said it does not source products from the region. The shares fell 4.5% in premarket trading.</p><p><b>Royal Philips&nbsp;(PHG) </b>– The health technology company struck a deal to sell its Domestic Appliances unit to investment firm Hillhouse Capital for about $4.4 billion. The transaction includes the right for Hillhouse to use the Philips brand name for 15 years, with the possibility of renewal. Philips shares added 1.6% in the premarket.</p><p><b>ViacomCBS&nbsp;(VIAC) </b>– The media company’s stock remains on watch after a more than 30% tumble over the past two sessions. That followed the company’s announcement that it would raise $3 billion through stock sales. It fell another 5.7% in the premarket.</p><p><b>Rite Aid&nbsp;(RAD)</b> – Rite Aid expects to report a loss for its just-concluded fiscal year, compared to analysts’ forecasts of a $125 million profit. The drugstore chain was hit by a 37% drop in sales of cold, cough and flu-related products, as people suffered from these maladies far less due to pandemic-related lockdowns. Rite Aid shares plunged 12.6% in premarket action.</p><p><b>Walgreens&nbsp;(WBA) </b>– The drugstore operator’s stock fell 1.5% in the premarket, possibly in sympathy with Rite Aid. Deutsche Bank also labeled the stock a “catalyst call buy idea,” noting short-term issues but saying the Covid vaccine could provide a positive opportunity for Walgreens in both the near and longer-term.</p><p><b>Darden Restaurants&nbsp;(DRI) </b>– The parent of Olive Garden and other restaurant chains&nbsp;reported quarterly earnings of 98 cents per share, well above the consensus estimate of 69 cents a share. Revenue beat estimates as well, and although same-restaurant sales tumbled 26.7% from a year ago, that was a smaller drop than the 31.2% anticipated by analysts polled by FactSet. Darden shares rose 4.9% in premarket trading.</p><p><b>Coherent&nbsp;(COHR)</b> – Coherent accepted a takeover proposal by optical components maker&nbsp;II-VI(IIVI), ending a long bidding battle between II-VI and optical fiber company&nbsp;Lumentum(LITE). Coherent – a provider of lasers and related technology – approved the bid of $220 per share in cash and 0.91 II-VI shares for each Coherent share, and will pay Lumentum a breakup fee of $217.6 million. II-VI tumbled 8% while Lumentum jumped 6.3% in the premarket.</p><p><b>RH&nbsp;(RH) </b>– RH reported quarterly earnings of $5.07 per share, beating the consensus estimate of $4.76 a share. The Restoration Hardware parent also saw revenue beat analysts’ forecasts. RH reported strong demand for its high-end furniture and other luxury products, and expects current-quarter revenue to grow by at least 50%. RH shares surged 4.7% in premarket action.</p><p><b>KB Home&nbsp;(KBH)</b> – KB Home beat estimates by 10 cents a share, with quarterly profit of $1.02 per share. The home builder’s revenue missed analysts’ projections despite a 23% rise in net orders and a 4% increase in deliveries. KB Home shares dropped 5% in premarket trading.</p><p><b>AstraZeneca&nbsp;(AZN)</b> – The drugmaker said&nbsp;an updated analysis of its Covid-19 vaccine’s U.S. trial&nbsp;showed 76% efficacy, compared to 79% in a report earlier this week. The earlier report had not included more recent infections and came under some scrutiny from an independent data monitoring board.</p><p><b>H.B. Fuller&nbsp;(FUL) </b>– H.B. Fuller reported quarterly profit of 66 cents per share, 19 cents a share above estimates. Revenue also topped Wall Street forecasts. The maker of adhesives, sealants and other industrial products saw particular strength in health and hygiene-related products, although it saw weakness in construction adhesives. Fuller shares surged 6.2% in premarket action.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯","BABA":"阿里巴巴","PDD":"拼多多",".IXIC":"NASDAQ Composite","LI":"理想汽车","BIDU":"百度","XPEV":"小鹏汽车","JD":"京东",".SPX":"S&P 500 Index","NKE":"耐克","NIO":"蔚来","TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1142620967","content_text":"U.S. Futures traded lowerTreasury yields steady as focus turns to seven-year auctionCrude volatile amid efforts to move ship blocking Suez CanalU.S. equity futures traded lower, erasing earlier gains, as investors weighed Washington’s assessment of a recovery in the world’s largest economy. Oil turned lower after a rally spurred by the blockage of the Suez Canal fizzled.At 8:10 a.m. ET, Dow e-minis were down 108 points, or 0.33%, S&P 500 e-minis were down 14.25 points, or 0.37%, and Nasdaq 100 e-minis were down 57.5 points, or 0.45%.*Source FromTiger Trade, EST 08:10In the premarket, Nike Inc. lost 4% as the company risked a boycott in China over its practice of not sourcing cotton from the contentious Xinjiang region.Federal Reserve Chairman Jerome Powell said that Covid economic stimulus and vaccinations allowed the U.S. economy to recover faster than expected and that central bankers, at some point,may be able to pull backemergency support.The Labor Department’s weekly jobless claims report, the most timely indicator of economic health, is expected to show claims fell to 730,000 in the week ended March 20 from 770,000 in the previous week.Stocks making the biggest moves in the premarket:EV Stocks (Tesla,Nio,Xpeng Motors and Li Auto)  EV Stocks Stocks underperformed,The shares of Xpeng Motors fell 6%,Nio fell 5%,Li Auto fell 4% and Tesla fell 3.6% in premarket trading.Hot Chinese concept stocks (Alibaba,Pinduoduo,JD.COM,Baidu) As U.S. SEC begins roll-out of law aimed at delisting Chinese firms,Hot Chinese concept stocksgenerally fell,The shares of Alibaba fell 2.5%,Pinduoduo fell 3.4%,JD.COM fell 3% and Baidu fell 6% in premarket trading.Nike (NKE) – Nike is the target of criticism on Chinese social media for a statement in which the athletic footwear and apparel maker said it was “concerned” about reports of forced labor in Xinjiang. Nike also said it does not source products from the region. The shares fell 4.5% in premarket trading.Royal Philips (PHG) – The health technology company struck a deal to sell its Domestic Appliances unit to investment firm Hillhouse Capital for about $4.4 billion. The transaction includes the right for Hillhouse to use the Philips brand name for 15 years, with the possibility of renewal. Philips shares added 1.6% in the premarket.ViacomCBS (VIAC) – The media company’s stock remains on watch after a more than 30% tumble over the past two sessions. That followed the company’s announcement that it would raise $3 billion through stock sales. It fell another 5.7% in the premarket.Rite Aid (RAD) – Rite Aid expects to report a loss for its just-concluded fiscal year, compared to analysts’ forecasts of a $125 million profit. The drugstore chain was hit by a 37% drop in sales of cold, cough and flu-related products, as people suffered from these maladies far less due to pandemic-related lockdowns. Rite Aid shares plunged 12.6% in premarket action.Walgreens (WBA) – The drugstore operator’s stock fell 1.5% in the premarket, possibly in sympathy with Rite Aid. Deutsche Bank also labeled the stock a “catalyst call buy idea,” noting short-term issues but saying the Covid vaccine could provide a positive opportunity for Walgreens in both the near and longer-term.Darden Restaurants (DRI) – The parent of Olive Garden and other restaurant chains reported quarterly earnings of 98 cents per share, well above the consensus estimate of 69 cents a share. Revenue beat estimates as well, and although same-restaurant sales tumbled 26.7% from a year ago, that was a smaller drop than the 31.2% anticipated by analysts polled by FactSet. Darden shares rose 4.9% in premarket trading.Coherent (COHR) – Coherent accepted a takeover proposal by optical components maker II-VI(IIVI), ending a long bidding battle between II-VI and optical fiber company Lumentum(LITE). Coherent – a provider of lasers and related technology – approved the bid of $220 per share in cash and 0.91 II-VI shares for each Coherent share, and will pay Lumentum a breakup fee of $217.6 million. II-VI tumbled 8% while Lumentum jumped 6.3% in the premarket.RH (RH) – RH reported quarterly earnings of $5.07 per share, beating the consensus estimate of $4.76 a share. The Restoration Hardware parent also saw revenue beat analysts’ forecasts. RH reported strong demand for its high-end furniture and other luxury products, and expects current-quarter revenue to grow by at least 50%. RH shares surged 4.7% in premarket action.KB Home (KBH) – KB Home beat estimates by 10 cents a share, with quarterly profit of $1.02 per share. The home builder’s revenue missed analysts’ projections despite a 23% rise in net orders and a 4% increase in deliveries. KB Home shares dropped 5% in premarket trading.AstraZeneca (AZN) – The drugmaker said an updated analysis of its Covid-19 vaccine’s U.S. trial showed 76% efficacy, compared to 79% in a report earlier this week. The earlier report had not included more recent infections and came under some scrutiny from an independent data monitoring board.H.B. Fuller (FUL) – H.B. Fuller reported quarterly profit of 66 cents per share, 19 cents a share above estimates. Revenue also topped Wall Street forecasts. The maker of adhesives, sealants and other industrial products saw particular strength in health and hygiene-related products, although it saw weakness in construction adhesives. Fuller shares surged 6.2% in premarket action.","news_type":1},"isVote":1,"tweetType":1,"viewCount":162,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}