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2022-08-01

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Foreign media headlines | Fed Kashkari says inflation is very worrying

2022-08-01

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Preview this week | Ali, Occidental Petroleum and other financial reports are coming! Non-farm data coming soon

2022-07-31

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2022-07-22

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2022-07-20

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Opening | Hang Seng Tech Index opens 2.07% higher, tech stocks broadly up

2022-07-20

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Nai rose more than 7% after Frisbee, and Q2 subscribers fell far below expectations

2022-07-19

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Tiger Comments: This stock, which plunged 94%, reminds us to be careful of a class of traps

2022-07-19

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2022-07-19

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2022-07-14

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Apple starts trial production of iPhone 14, initial sales will be higher than iPhone 13

2022-07-14

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Apple starts trial production of iPhone 14, initial sales will be higher than iPhone 13

2022-07-14

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Hong Kong stocks open | Hang Seng Index opens 0.1% higher, Hang Seng Technology Index rises 0.38%

2022-07-09

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Behind Abe's assassination, how was Japan's economy "lost" for three decades?

2022-07-05

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Hong Kong stocks open | Hang Seng Index opens 1.02% higher, Hang Seng Technology Index rises 1.54%

2022-07-01

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2022-07-01

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2022-07-01

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Reminder: U.S. stocks will be closed on July 4 due to the U.S. Independence Day holiday

2022-07-01

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2022-06-20

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2022-06-20

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Reminder: U.S. stocks are closed for one day on June 20th due to the U.S. federal holiday Juneteenth

Go to Tiger App to see more news

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05:04","market":"hk","language":"zh","title":"Foreign media headlines | Fed Kashkari says inflation is very worrying","url":"https://stock-news.laohu8.com/highlight/detail?id=2256502754","media":"环球市场播报","summary":"　　当地时间7月30日美国白宫总统医生凯文·奥康纳说，总统拜登当天新冠病毒检测结果再次呈阳性。而此前的27日，拜登新冠病毒检测结果刚刚为阴性，随后结束隔离。奥康纳表示，服用奈玛特韦/利托那韦组合的新冠患者中有一小部分人出现复检阳性。","content":"<p><html><head></head><body><b>The headlines that the global financial media paid common attention to last night and this morning mainly include:</b></p><p><b>1. Federal Reserve Kashkari: Inflation is \"very worrying\" and \"spreading\" throughout the economy</b><b>2. Australia's aggressive austerity policy will drag down the economy</b><b>3. The euro feels more pressure as the economy heads toward recession</b><b>No recession in U.S. credit card spending data in April and June, but potential dangers have emerged</b><b>5. Arbitrage traders are taking advantage of the weak euro to win big in emerging markets</b><b>6. Sydney's house price decline for the sixth consecutive month has not eased</b><img src=\"https://static.tigerbbs.com/eb3a07267230c4eed9b4b8031ccbfff5\" tg-width=\"550\" tg-height=\"309\" referrerpolicy=\"no-referrer\"/></p><p><b>Fed's Kashkari: Inflation is 'very concerning' and 'spreading' across the economy</b></p><p>Neel Kashkari, chief executive and president of the Federal Reserve Bank of Minneapolis, said Sunday that the current state of inflation is \"very concerning\" and is \"spreading more broadly throughout the economy.\"</p><p>\"This is very worrying. We keep getting inflation data, we are constantly surprised by new numbers that have only been released in the last week. This is higher than we expected,\" Kashkari said on a financial show. \"It's not just a few categories. It's spreading more broadly across the economy, which is why the Fed is acting with such urgency to get it under control and bring it back down.\"<img src=\"https://static.tigerbbs.com/c3fbd75898e39d8311f60678ba4232e9\" tg-width=\"550\" tg-height=\"361\" referrerpolicy=\"no-referrer\"/></p><p><b>Australia's aggressive austerity will drag down the economy</b></p><p>Australia is experiencing severe monetary policy tightening as the housing market reverses and consumers spend less, raising the risk of an economic slowdown.</p><p>All but one of the 23 economists surveyed agree that the Reserve Bank of Australia will raise its key interest rate by 50 basis points to 1.85% on Tuesday for the third consecutive month. That would bring its combined tightening since May to 175 basis points, the biggest increase in six months since 1994.</p><p>The Reserve Bank of Australia is due to release its latest quarterly forecast on Friday, which is generally expected to show a decline in economic growth and employment, and a sharp rise in the inflation outlook, in line with the Treasury's outlook last week. The Reserve Bank of Australia has not released its own interest rate forecast.</p><p><img src=\"https://static.tigerbbs.com/1beb5883a23cd03ced522a5adb2a25d9\" tg-width=\"550\" tg-height=\"309\" referrerpolicy=\"no-referrer\"/></p><p><b>The euro feels more pressure as the economy heads toward recession</b></p><p>The euro has fallen to its lowest level in 20 years this year, but it still looks like an unpopular currency under pressure from markets as the economy plunges into recession. Many analysts say that the euro may face further declines in the future.</p><p>The main reason for the downturn is Russia's reduction in energy supplies to Europe, which threatens the entire German industrial system in particular. According to Credit Suisse, there is a 50% chance that the eurozone will slip into a recession in the next six months.</p><p>S&P Global Ratings has already downgraded its outlook on Italian debt, and a key measure of risk, the spread between Italian bond yields and German bond yields, is about the highest since 2020. Some concerns about Italy's exit from the euro zone are emerging again, although this is seen as a very distant risk.<img src=\"https://static.tigerbbs.com/a30126a30bed2a54770ada0b8f26adb7\" tg-width=\"550\" tg-height=\"282\" referrerpolicy=\"no-referrer\"/></p><p><b>No recession in June U.S. credit card spending data, but potential dangers have emerged</b></p><p>So far, U.S. credit card issuers aren't feeling any signs of a recession. As seen in the mounting spending bills and accounts receivable from credit card companies, consumers continued to spend through June. Of course, inflation is likely to contribute to this growth.</p><p>Bank of America said credit card spending rose 16% in June from a year earlier, while debit card spending rose 6%. \"Consumers are in a better position to cope with the slowdown in the U.S. economy than in many previous business cycles,\" said David Tinsley, a senior economist at the Bank of America Institute.</p><p><img src=\"https://static.tigerbbs.com/26962f09c5589fa2b2021e656f1ebe9d\" tg-width=\"550\" tg-height=\"309\" referrerpolicy=\"no-referrer\"/></p><p><b>Arbitrage traders are taking advantage of the weak euro to big wins in emerging markets</b></p><p>The profits made by traders investing in emerging-market currencies with borrowed euros have reached a very substantial scale this year. \"It is becoming more common to fund carry trades by selling euros,\" says Brendan McKenna, a New York-based currency strategist at Wells Fargo. \"The EU seems more likely to fall into recession, and geopolitical developments should put pressure on the euro, making euro arbitrage trading in emerging markets a very interesting option.\"</p><p>Euro-funded carry trading provides a refuge for emerging market traders, who are taking losses on different asset classes and strategies at a time when the dollar and US yields are soaring. If the prospect of a US recession and Federal Reserve (Fed) tightening continues to intensify the shock to the dollar, euro arbitrage is likely to be irresistible to more investors.</p><p><img src=\"https://static.tigerbbs.com/ef5921111c86b3112dead583e97e4b89\" tg-width=\"511\" tg-height=\"384\" referrerpolicy=\"no-referrer\"/></p><p><b>Sydney house price slide for sixth consecutive month does not see relief</b></p><p>Sydney house prices have fallen for the sixth month in a row since July, sending property prices down across Australia as rising interest rates hit demand. House prices in Sydney, Australia's largest market, fell 2.2 per cent and Melbourne 1.5 per cent, and they were the main drivers of a 1.4 per cent month-on-month decline in the country's capital city composite index, research firm CoreLogic said in a report on Monday.</p><p>Housing market conditions are likely to deteriorate as interest rates rise for the rest of 2022, according to the head of Research at CoreLogic Research. He said, \"The growth rate of home values has slowed before interest rates started to rise, but it is clear that the market has weakened significantly since the first rate hike in May. In Sydney, the economy has declined particularly fast, and we have seen the biggest value decline in nearly 40 years.\"</p><p></body></html></p>","source":"sina","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>Foreign media headlines | Fed Kashkari says inflation is very worrying</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: 12.5px; color: #7E829C; margin: 0;}\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\">\nForeign media headlines | Fed Kashkari says inflation is very worrying\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">环球市场播报</strong><span class=\"h-time small\">2022-08-01 05:04</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><b>The headlines that the global financial media paid common attention to last night and this morning mainly include:</b></p><p><b>1. Federal Reserve Kashkari: Inflation is \"very worrying\" and \"spreading\" throughout the economy</b><b>2. Australia's aggressive austerity policy will drag down the economy</b><b>3. The euro feels more pressure as the economy heads toward recession</b><b>No recession in U.S. credit card spending data in April and June, but potential dangers have emerged</b><b>5. Arbitrage traders are taking advantage of the weak euro to win big in emerging markets</b><b>6. Sydney's house price decline for the sixth consecutive month has not eased</b><img src=\"https://static.tigerbbs.com/eb3a07267230c4eed9b4b8031ccbfff5\" tg-width=\"550\" tg-height=\"309\" referrerpolicy=\"no-referrer\"/></p><p><b>Fed's Kashkari: Inflation is 'very concerning' and 'spreading' across the economy</b></p><p>Neel Kashkari, chief executive and president of the Federal Reserve Bank of Minneapolis, said Sunday that the current state of inflation is \"very concerning\" and is \"spreading more broadly throughout the economy.\"</p><p>\"This is very worrying. We keep getting inflation data, we are constantly surprised by new numbers that have only been released in the last week. This is higher than we expected,\" Kashkari said on a financial show. \"It's not just a few categories. It's spreading more broadly across the economy, which is why the Fed is acting with such urgency to get it under control and bring it back down.\"<img src=\"https://static.tigerbbs.com/c3fbd75898e39d8311f60678ba4232e9\" tg-width=\"550\" tg-height=\"361\" referrerpolicy=\"no-referrer\"/></p><p><b>Australia's aggressive austerity will drag down the economy</b></p><p>Australia is experiencing severe monetary policy tightening as the housing market reverses and consumers spend less, raising the risk of an economic slowdown.</p><p>All but one of the 23 economists surveyed agree that the Reserve Bank of Australia will raise its key interest rate by 50 basis points to 1.85% on Tuesday for the third consecutive month. That would bring its combined tightening since May to 175 basis points, the biggest increase in six months since 1994.</p><p>The Reserve Bank of Australia is due to release its latest quarterly forecast on Friday, which is generally expected to show a decline in economic growth and employment, and a sharp rise in the inflation outlook, in line with the Treasury's outlook last week. The Reserve Bank of Australia has not released its own interest rate forecast.</p><p><img src=\"https://static.tigerbbs.com/1beb5883a23cd03ced522a5adb2a25d9\" tg-width=\"550\" tg-height=\"309\" referrerpolicy=\"no-referrer\"/></p><p><b>The euro feels more pressure as the economy heads toward recession</b></p><p>The euro has fallen to its lowest level in 20 years this year, but it still looks like an unpopular currency under pressure from markets as the economy plunges into recession. Many analysts say that the euro may face further declines in the future.</p><p>The main reason for the downturn is Russia's reduction in energy supplies to Europe, which threatens the entire German industrial system in particular. According to Credit Suisse, there is a 50% chance that the eurozone will slip into a recession in the next six months.</p><p>S&P Global Ratings has already downgraded its outlook on Italian debt, and a key measure of risk, the spread between Italian bond yields and German bond yields, is about the highest since 2020. Some concerns about Italy's exit from the euro zone are emerging again, although this is seen as a very distant risk.<img src=\"https://static.tigerbbs.com/a30126a30bed2a54770ada0b8f26adb7\" tg-width=\"550\" tg-height=\"282\" referrerpolicy=\"no-referrer\"/></p><p><b>No recession in June U.S. credit card spending data, but potential dangers have emerged</b></p><p>So far, U.S. credit card issuers aren't feeling any signs of a recession. As seen in the mounting spending bills and accounts receivable from credit card companies, consumers continued to spend through June. Of course, inflation is likely to contribute to this growth.</p><p>Bank of America said credit card spending rose 16% in June from a year earlier, while debit card spending rose 6%. \"Consumers are in a better position to cope with the slowdown in the U.S. economy than in many previous business cycles,\" said David Tinsley, a senior economist at the Bank of America Institute.</p><p><img src=\"https://static.tigerbbs.com/26962f09c5589fa2b2021e656f1ebe9d\" tg-width=\"550\" tg-height=\"309\" referrerpolicy=\"no-referrer\"/></p><p><b>Arbitrage traders are taking advantage of the weak euro to big wins in emerging markets</b></p><p>The profits made by traders investing in emerging-market currencies with borrowed euros have reached a very substantial scale this year. \"It is becoming more common to fund carry trades by selling euros,\" says Brendan McKenna, a New York-based currency strategist at Wells Fargo. \"The EU seems more likely to fall into recession, and geopolitical developments should put pressure on the euro, making euro arbitrage trading in emerging markets a very interesting option.\"</p><p>Euro-funded carry trading provides a refuge for emerging market traders, who are taking losses on different asset classes and strategies at a time when the dollar and US yields are soaring. If the prospect of a US recession and Federal Reserve (Fed) tightening continues to intensify the shock to the dollar, euro arbitrage is likely to be irresistible to more investors.</p><p><img src=\"https://static.tigerbbs.com/ef5921111c86b3112dead583e97e4b89\" tg-width=\"511\" tg-height=\"384\" referrerpolicy=\"no-referrer\"/></p><p><b>Sydney house price slide for sixth consecutive month does not see relief</b></p><p>Sydney house prices have fallen for the sixth month in a row since July, sending property prices down across Australia as rising interest rates hit demand. House prices in Sydney, Australia's largest market, fell 2.2 per cent and Melbourne 1.5 per cent, and they were the main drivers of a 1.4 per cent month-on-month decline in the country's capital city composite index, research firm CoreLogic said in a report on Monday.</p><p>Housing market conditions are likely to deteriorate as interest rates rise for the rest of 2022, according to the head of Research at CoreLogic Research. He said, \"The growth rate of home values has slowed before interest rates started to rise, but it is clear that the market has weakened significantly since the first rate hike in May. In Sydney, the economy has declined particularly fast, and we have seen the biggest value decline in nearly 40 years.\"</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://finance.sina.com.cn/roll/2022-08-01/doc-imizirav6209695.shtml?finpagefr=p_115\">环球市场播报</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c3fbd75898e39d8311f60678ba4232e9","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://finance.sina.com.cn/roll/2022-08-01/doc-imizirav6209695.shtml?finpagefr=p_115","is_english":false,"share_image_url":"https://static.laohu8.com/b0d1b7e8843deea78cc308b15114de44","article_id":"2256502754","content_text":"全球财经媒体昨夜今晨共同关注的头条新闻主要有：1、美联储卡什卡里：通货膨胀“非常令人担忧“，并在整个经济中”蔓延“2、澳大利亚激进的紧缩政策将拖累经济3、随着经济走向衰退，欧元感受到了更大压力4、6月美国信用卡消费数据没有衰退，但潜在危险已经出现5、套利交易者正利用疲软的欧元在新兴市场大获全胜6、悉尼房价连续第六个月下滑未见缓解美联储卡什卡里：通货膨胀“非常令人担忧“，并在整个经济中”蔓延“明尼阿波利斯联邦储备银行（Federal Reserve Bank of Minneapolis）首席执行官兼行长尼尔·卡什卡里（Neel Kashkari）周日表示，当前的通货膨胀状况“非常令人担忧”，并“在整个经济中更广泛地蔓延”。卡什卡里在一档财经节目中表示：“这非常令人担忧。我们不断获得通胀数据，最近一周才发布的新数据，我们不断感到惊讶。这比我们预期的要高。”。“这不仅仅是几个类别。它正在更广泛地蔓延到整个经济领域，这就是为什么美联储如此紧迫地采取行动，使其得到控制并使其回落。”澳大利亚激进的紧缩政策将拖累经济随着房地产市场逆转，消费者减少支出，澳大利亚正经历着严重的货币政策紧缩，这增加了经济放缓的风险。在接受调查的23位经济学家中，除一位外，其他所有人都认为，澳大利亚储备银行将在周二连续第三个月将其关键利率上调50个基点，至1.85%。这将使其自5月份以来的综合紧缩政策达到175个基点，这是自1994年以来六个月内的最大增幅。澳大利亚联储将于周五公布季度最新预测，普遍预计将显示经济增长和就业下降，通胀前景大幅上升，与财政部上周的前景一致。澳大利亚联储没有公布自己的利率预测。随着经济走向衰退，欧元感受到了更大压力欧元今年已经跌至20年来的最低水平，但在经济陷入衰退之际，它看上去仍然是一种不受欢迎的货币，承受着来自市场的压力。许多分析师表示，欧元未来可能面临的走势是进一步下跌。经济低迷的主要原因是俄罗斯对欧洲减少能源供应，这尤其威胁到德国整个的工业体系。据瑞士信贷预计，未来六个月欧元区陷入衰退的可能性为50%。标普全球评级已然下调了对意大利债务的展望，而衡量风险的一个关键指标，即意大利债券收益率与德国债券收益率的利差，约为2020年以来的最高水平。市场对意大利退出欧元区的些许担忧又逐渐浮出水面，尽管这被视为一种非常遥远的风险。6月美国信用卡消费数据没有衰退，但潜在危险已经出现到目前为止，美国信用卡发行商没有感受到任何经济衰退迹象。从信用卡公司不断增加的消费账单和应收账款中可以看出，到6月份，消费者仍在继续消费。当然，通货膨胀很可能有助于这种增长。美国银行表示，6月份信用卡支出同比增长16%，借记卡支出增长6%。美国银行研究所（Bank of America Institute）高级经济学家戴维·廷斯利（David Tinsley）表示：“与以往许多商业周期相比，消费者在应对美国经济放缓方面的状况更好。”套利交易者正利用疲软的欧元在新兴市场大获全胜交易员用借来的欧元投资新兴市场货币所赚取的利润，在今年达到一个非常可观的规模。“通过卖出欧元为套利交易提供资金正变得越来越普遍，”富国银行（Wells Fargo）驻纽约的货币策略师布伦丹·麦肯纳表示。“欧盟似乎更有可能陷入衰退，地缘政治的发展应该给欧元带来压力，使新兴市场的欧元套利交易成为一个十分有趣的选择。”欧元资助的套利交易为新兴市场交易员提供了一个避难所，在美元和美国收益率飙升之际，他们在不同资产类别和策略上承受损失。如果美国经济衰退和美联储（Fed）紧缩的前景继续加剧对美元的冲击，那么欧元套利很可能对更多投资者来说是不可抗拒的。悉尼房价连续第六个月下滑未见缓解7月以来，悉尼房价连续第六个月下跌，随着利率上涨打击需求，导致澳大利亚各地房地产价格下跌。研究机构CoreLogic在周一的一份报告中表示，澳大利亚最大市场悉尼的房价下跌了2.2%，墨尔本下跌了1.5%，他们是该国首都城市综合指数环比下降1.4%的主要推动因素。CoreLogic Research 研究主管表示，随着2022年剩余时间利率的上升，房地产市场状况可能会恶化。他说到，“在利率开始上升之前，房屋价值的增长速度就已经放缓，但很明显，自5月份第一次加息以来，市场已经大幅走弱。在悉尼，经济下滑速度特别快，我们看到了近40年来最大幅度的价值下跌。”","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":3453,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9908982375,"gmtCreate":1659312573297,"gmtModify":1676536284447,"author":{"id":"4098771786575480","authorId":"4098771786575480","name":"Emi_WW","avatar":"https://community-static.tradeup.com/news/1ad793e17503a413c4f36974f7c5052c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098771786575480","idStr":"4098771786575480"},"themes":[],"htmlText":"🥹","listText":"🥹","text":"🥹","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9908982375","repostId":"1179267509","repostType":4,"repost":{"id":"1179267509","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1659308909,"share":"https://ttm.financial/m/news/1179267509?lang=en_US&edition=fundamental","pubTime":"2022-08-01 07:08","market":"us","language":"zh","title":"Preview this week | Ali, Occidental Petroleum and other financial reports are coming! Non-farm data coming soon","url":"https://stock-news.laohu8.com/highlight/detail?id=1179267509","media":"老虎资讯综合","summary":"本周（8.1—8.5）重磅财经事件经济数据方面，美国和欧元区7月Markit制造业PMI终值，美国6月耐用品订单月率修正值，美国截至7月29日当周API和EIA原油库存变动，美国截至7月30日当周初请","content":"<p><html><head></head><body>Blockbuster Financial Events This Week (8.1-8.5)</p><p><b>In terms of economic data,</b>US and Eurozone July<a href=\"https://laohu8.com/S/MRKT\">Markit</a>The final value of manufacturing PMI, the revised monthly rate of durable goods orders in the United States in June, the changes of API and EIA crude oil inventories in the United States in the week ending July 29th, the number of initial unemployment claims in the United States in the week ending July 30th, and the non-agricultural and unemployment rates in the United States in July.<b>In terms of financial report,</b><a href=\"https://laohu8.com/S/HBC\">HSBC Holdings</a>、<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>、<a href=\"https://laohu8.com/S/ATVI\">Activision Blizzard</a>AMD,<a href=\"https://laohu8.com/S/PYPL\">PayPal</a>And Buffett's new favorite stock<a href=\"https://laohu8.com/S/OXY\">Occidental Petroleum</a>Earnings will be released successively. In addition,<b>This week, we also need to pay attention to the interest rate decision of the Reserve Bank of Australia, the interest rate decision of the Bank of England, and the speeches of Chicago Fed President Evans, St. Louis Fed President Bullard and other officials.</b><img src=\"https://static.tigerbbs.com/ef4a4a9095140ecd3c104ff0ec6ccc64\" tg-width=\"2044\" tg-height=\"1429\" referrerpolicy=\"no-referrer\"/><b>Monday, August 1st Keywords: Eurozone unemployment rate in June, US and Eurozone Markit manufacturing PMI final value in July; HSBC Holdings Earnings Report</b><img src=\"https://static.tigerbbs.com/4254af86af01c216719cccd62b67df2c\" tg-width=\"910\" tg-height=\"807\" referrerpolicy=\"no-referrer\"/></p><p>On Monday,<b>In terms of economic data,</b>The United States and the euro zone will announce the final value of Markit manufacturing PMI in July, which is expected to be relatively sluggish, not much different from the initial value.</p><p>In July, the preliminary value of Markit manufacturing PMI in the United States recorded 52.3, which was better than the expected 52, but lower than the June value of 52.7, the lowest since July 2020. In terms of financial report, as one of the high-dividend stocks in Hong Kong stocks,<a href=\"https://laohu8.com/S/00005.HK\">HSBC Holdings</a>Earnings will be released; U.S. stocks<a href=\"https://laohu8.com/S/ATVI.US\">Activision Blizzard</a>It will also release its earnings report after the U.S. stock market on August 1st.</p><p><a href=\"https://laohu8.com/S/C\">Citigroup</a>And CICC both forecast<a href=\"https://laohu8.com/S/00005\">HSBC Holdings</a>The 2022 interim dividend per ordinary share is forecast to be US8 cents, representing a year-on-year increase of 14.2% from the interim dividend of US7 cents per ordinary share in the same period last year. Based on the forecasts of four securities firms, HSBC's profit before tax in the first half of 2022 is expected to be US$7,937-8,174 million, representing a year-on-year decrease of 24.6% to 26.8% compared with US$10,839 million in the first half of 2021.<b>In terms of events,</b><b>Speaker of the U.S. House of Representatives Nancy Pelosi is about to kick off a tour of Asia.</b>According to The Paper, the official website of the Office of the Speaker of the U.S. House of Representatives announced the itinerary of Pelosi's Asian trip, saying that Pelosi led a congressional delegation to the Indo-Pacific region, including visits to Singapore, Malaysia, South Korea and Japan. The trip will focus on mutual security, economic partnerships and * governance in the Indo-Pacific region, the statement said. A U.S. parliamentary delegation led by Pelosi will visit Singapore from Aug. 1 to 2 to meet with President Halimah and Prime Minister Lee Hsien Loong, Singapore's foreign ministry said.</p><p><b>Tuesday, August 2nd Keywords: Reserve Bank of Australia interest rate decision, Chicago Reserve Bank President Evans gives a speech; Activision, BP Earnings</b><img src=\"https://static.tigerbbs.com/61ec689c6b09a82647586456153aa140\" tg-width=\"907\" tg-height=\"466\" referrerpolicy=\"no-referrer\"/></p><p>On Tuesday,<b>In terms of economic data,</b>RBA to announce interest rate decision, and JOLTs vacancies in the US.</p><p>In the July 22-28 survey, 32 of the 34 economists surveyed predicted that the RBA would raise the cash rate by 50 basis points to 1.85%. This will be the first time the RBA has rate hike 50 basis points at three consecutive meetings since the introduction of the cash rate in 1990. The remaining two economists expect a larger rate hike of 65 or 75 basis points.<b>In terms of events, Evans hosted a media breakfast conference, and investors need to pay attention to his latest remarks on the economy and the Federal Reserve's monetary policy.</b></p><p><b>In terms of financial reports, U.S. stocks<a href=\"https://laohu8.com/S/BP\">BP</a>、<a href=\"https://laohu8.com/S/SPGI\">S&P Global</a>、<a href=\"https://laohu8.com/S/UBER\">Uber</a></b>It will announce its earnings before the U.S. stock market belches on August 2nd. In addition, Buffett's newly promoted love stocks<a href=\"https://laohu8.com/S/OXY\">Occidental Petroleum</a>, and<a href=\"https://laohu8.com/S/AMD\">American Supermicro Corporation</a>、<a href=\"https://laohu8.com/S/PYPL\">PayPal</a>It will announce its earnings after the U.S. stock market closes on August 2nd.</p><p>July 27, 2022 Occidental Petroleum announced that it will distribute a regular quarterly Dividend of $0.13 per common share to shareholders of record as of October 17, 2022. Additionally, Occidental Petroleum has an average price target of $74.92, with a high of $90.00 and a low of $58.00, based on 12 analyst reports in the last 3 months providing price forecasts for the coming year. according to<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>According to analyst Neil Mehta, Occidental continues to hold an attractive free cash flow outlook.<b>Wednesday, August 3rd Keywords: Monthly rate correction of durable goods orders in the United States in June, API and EIA crude oil inventory changes in the week ending July 29th; Occidental Petroleum earnings</b><img src=\"https://static.tigerbbs.com/30901e5735d1f1747040191e4b90fc26\" tg-width=\"907\" tg-height=\"1171\" referrerpolicy=\"no-referrer\"/></p><p>On Wednesday,<b>In terms of economic data,</b>The United States will announce the monthly rate correction of durable goods orders in June.</p><p>The monthly rate of U.S. durable goods orders in May was 0.7%, expected to be 0.1%, and the previous value was 0.50%. U.S. factory durable goods orders rose more than expected in May, indicating that corporate investment has so far remained strong even amid rising interest rates and rising economic concerns. In addition,<b>U.S. API and EIA crude oil inventory changes data for the week ending July 29 are also worthy of investors' attention.</b></p><p>U.S. API crude oil inventories decreased by 4.037 million barrels in the week ending July 22, compared with an expected decrease of 1.12 million barrels. EIA crude oil inventories in the United States decreased by 4.523 million barrels in the week ending July 22nd, far exceeding the expected decrease of 1.037 million barrels, the largest decline in U.S. crude oil inventories since the end of May.<b>In terms of events,</b>St. Louis Fed President Bullard addressed money market dealers, and investors also need to keep an eye on it.</p><p><b>OPEC + held its 31st ministerial meeting.</b>OPEC + will hold its 31st ministerial meeting on August 3 to decide on its oil production policy for September. The group will decide whether to heed U.S. calls to supply more crude oil to global markets. At the 30th ministerial meeting on June 30, Zeng decided to raise total oil production in August 2022 by an average of 648,000 barrels per day.</p><p><b>In terms of financial report,</b>U.S. stocks<a href=\"https://laohu8.com/S/MRNA\">Moderna</a>Will release earnings before the U.S. stock market on August 3rd. In addition,<a href=\"https://laohu8.com/S/MGM\">MGM</a>、<a href=\"https://laohu8.com/S/LCID\">Lucid</a>Will release earnings after the U.S. stock market on August 3rd.</p><p><b>In terms of new shares,</b>Hong Kong stock<a href=\"https://laohu8.com/S/09857\">Ning Meng Film and Television</a>New share subscription closed on Wednesday.</p><p><b>Thursday, August 4th Keywords: Bank of England interest rate decision, the number of initial unemployment claims in the United States for the week ending July 30th; Alibaba Earnings Report</b><img src=\"https://static.tigerbbs.com/5ef0b87a71a17736a8d2dc2b68db0fef\" tg-width=\"908\" tg-height=\"945\" referrerpolicy=\"no-referrer\"/></p><p>On Thursday,<b>In terms of economic data,</b>The Bank of England will unveil its interest rate decision.</p><p>The survey shows that the Bank of England may avoid a larger rate hike in August and instead stick to a moderate rate hike pace of 25 basis points, but this is a very difficult decision. In addition,<b>The United States will release data on the number of initial claims and renewal claims for unemployment benefits in the week ending July 30th.</b></p><p>U.S. initial jobless claims fell 5,000 to 256,000 in the week ending July 23. A media survey of economists showed that the median number of applicants was expected to be 250,000. The number of renewed jobless claims fell to 1.36 million for the week ending July 16. While U.S. jobless claims fell for the first time in four weeks, they remained near their highest level since November, indicating that the labor market continues to slow.<b>In terms of events, the ECB will publish an economic bulletin.</b></p><p><b>Tesla Holds 2022 Annual Shareholder Meeting.</b>On August 4, Tesla will hold its annual shareholder meeting inside the Texas Gigafactory. The company will also livestream the event and is expected to announce the latest news on the 4680 battery, full autonomous driving, and the Austin and Berlin plants. Tesla's board seeks to increase the number of authorized common shares to 4 billion, according to the meeting agenda.</p><p><b>In terms of financial report,<a href=\"https://laohu8.com/S/09988\">Alibaba-SW</a>、<a href=\"https://laohu8.com/S/COP\">ConocoPhillips</a></b>Will announce its earnings before the U.S. stock market on August 4th.</p><p><a href=\"https://laohu8.com/S/600030\">CITIC Securities</a>According to the analysis, according to the data of the National Bureau of Statistics, in April/May 2022, China's total retail sales decreased by 11.1%/6.7% year-on-year, and the month-on-month decline narrowed. Online retail sales of physical goods decreased by 5.2%/increased by 7.0% year-on-year, and online consumption picked up. It is forecast that the revenue will reach 889.7 billion yuan/956.8 billion yuan/1,021.4 billion yuan in fiscal year 2023~2025, representing a year-on-year increase of 4%/8%/7%; Raised the net profit (Non-GAAP) forecast for fiscal year 2023-2025 to 129.9 billion yuan/147.6 billion yuan/162.5 billion yuan, representing a decrease of 5%/increase of 14%/increase of 10% year-on-year, and the current price corresponds to the company's Hong Kong stock PE (Non-GAAP) of 16 times/14 times/13 times.<b>Friday, Aug. 5 KEYWORDS: U.S. July nonfarm and unemployment, Cleveland Fed President Mester speaks</b><img src=\"https://static.tigerbbs.com/939f641cb26b9fc3a5d646ffd88fc5f3\" tg-width=\"905\" tg-height=\"904\" referrerpolicy=\"no-referrer\"/>On Friday,<b>In terms of economic data,</b>The United States will announce the non-farm and unemployment rate in July. At present, the market expects non-agricultural products to increase by 255,000 in July, which is lower than the previous value of 372,000, and the unemployment rate is 3.6%, which is the same as the previous value.</p><p>Previously, the number of new non-farm payrolls in the United States after seasonal adjustment in June was 372,000, much higher than the market expectation of 250,000, continuing the strong momentum of employment growth this year; The unemployment rate was 3.6%, unchanged from May and remained near a 50-year low, in line with expectations.<b>On the events front, Cleveland Fed President Mester will speak on monetary policy.</b></p><p></body></html></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>Preview this week | Ali, Occidental Petroleum and other financial reports are coming! Non-farm data coming soon</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: 12.5px; color: #7E829C; margin: 0;}\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\">\nPreview this week | Ali, Occidental Petroleum and other financial reports are coming! Non-farm data coming soon\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\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 smaller\">2022-08-01 07:08</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Blockbuster Financial Events This Week (8.1-8.5)</p><p><b>In terms of economic data,</b>US and Eurozone July<a href=\"https://laohu8.com/S/MRKT\">Markit</a>The final value of manufacturing PMI, the revised monthly rate of durable goods orders in the United States in June, the changes of API and EIA crude oil inventories in the United States in the week ending July 29th, the number of initial unemployment claims in the United States in the week ending July 30th, and the non-agricultural and unemployment rates in the United States in July.<b>In terms of financial report,</b><a href=\"https://laohu8.com/S/HBC\">HSBC Holdings</a>、<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>、<a href=\"https://laohu8.com/S/ATVI\">Activision Blizzard</a>AMD,<a href=\"https://laohu8.com/S/PYPL\">PayPal</a>And Buffett's new favorite stock<a href=\"https://laohu8.com/S/OXY\">Occidental Petroleum</a>Earnings will be released successively. In addition,<b>This week, we also need to pay attention to the interest rate decision of the Reserve Bank of Australia, the interest rate decision of the Bank of England, and the speeches of Chicago Fed President Evans, St. Louis Fed President Bullard and other officials.</b><img src=\"https://static.tigerbbs.com/ef4a4a9095140ecd3c104ff0ec6ccc64\" tg-width=\"2044\" tg-height=\"1429\" referrerpolicy=\"no-referrer\"/><b>Monday, August 1st Keywords: Eurozone unemployment rate in June, US and Eurozone Markit manufacturing PMI final value in July; HSBC Holdings Earnings Report</b><img src=\"https://static.tigerbbs.com/4254af86af01c216719cccd62b67df2c\" tg-width=\"910\" tg-height=\"807\" referrerpolicy=\"no-referrer\"/></p><p>On Monday,<b>In terms of economic data,</b>The United States and the euro zone will announce the final value of Markit manufacturing PMI in July, which is expected to be relatively sluggish, not much different from the initial value.</p><p>In July, the preliminary value of Markit manufacturing PMI in the United States recorded 52.3, which was better than the expected 52, but lower than the June value of 52.7, the lowest since July 2020. In terms of financial report, as one of the high-dividend stocks in Hong Kong stocks,<a href=\"https://laohu8.com/S/00005.HK\">HSBC Holdings</a>Earnings will be released; U.S. stocks<a href=\"https://laohu8.com/S/ATVI.US\">Activision Blizzard</a>It will also release its earnings report after the U.S. stock market on August 1st.</p><p><a href=\"https://laohu8.com/S/C\">Citigroup</a>And CICC both forecast<a href=\"https://laohu8.com/S/00005\">HSBC Holdings</a>The 2022 interim dividend per ordinary share is forecast to be US8 cents, representing a year-on-year increase of 14.2% from the interim dividend of US7 cents per ordinary share in the same period last year. Based on the forecasts of four securities firms, HSBC's profit before tax in the first half of 2022 is expected to be US$7,937-8,174 million, representing a year-on-year decrease of 24.6% to 26.8% compared with US$10,839 million in the first half of 2021.<b>In terms of events,</b><b>Speaker of the U.S. House of Representatives Nancy Pelosi is about to kick off a tour of Asia.</b>According to The Paper, the official website of the Office of the Speaker of the U.S. House of Representatives announced the itinerary of Pelosi's Asian trip, saying that Pelosi led a congressional delegation to the Indo-Pacific region, including visits to Singapore, Malaysia, South Korea and Japan. The trip will focus on mutual security, economic partnerships and * governance in the Indo-Pacific region, the statement said. A U.S. parliamentary delegation led by Pelosi will visit Singapore from Aug. 1 to 2 to meet with President Halimah and Prime Minister Lee Hsien Loong, Singapore's foreign ministry said.</p><p><b>Tuesday, August 2nd Keywords: Reserve Bank of Australia interest rate decision, Chicago Reserve Bank President Evans gives a speech; Activision, BP Earnings</b><img src=\"https://static.tigerbbs.com/61ec689c6b09a82647586456153aa140\" tg-width=\"907\" tg-height=\"466\" referrerpolicy=\"no-referrer\"/></p><p>On Tuesday,<b>In terms of economic data,</b>RBA to announce interest rate decision, and JOLTs vacancies in the US.</p><p>In the July 22-28 survey, 32 of the 34 economists surveyed predicted that the RBA would raise the cash rate by 50 basis points to 1.85%. This will be the first time the RBA has rate hike 50 basis points at three consecutive meetings since the introduction of the cash rate in 1990. The remaining two economists expect a larger rate hike of 65 or 75 basis points.<b>In terms of events, Evans hosted a media breakfast conference, and investors need to pay attention to his latest remarks on the economy and the Federal Reserve's monetary policy.</b></p><p><b>In terms of financial reports, U.S. stocks<a href=\"https://laohu8.com/S/BP\">BP</a>、<a href=\"https://laohu8.com/S/SPGI\">S&P Global</a>、<a href=\"https://laohu8.com/S/UBER\">Uber</a></b>It will announce its earnings before the U.S. stock market belches on August 2nd. In addition, Buffett's newly promoted love stocks<a href=\"https://laohu8.com/S/OXY\">Occidental Petroleum</a>, and<a href=\"https://laohu8.com/S/AMD\">American Supermicro Corporation</a>、<a href=\"https://laohu8.com/S/PYPL\">PayPal</a>It will announce its earnings after the U.S. stock market closes on August 2nd.</p><p>July 27, 2022 Occidental Petroleum announced that it will distribute a regular quarterly Dividend of $0.13 per common share to shareholders of record as of October 17, 2022. Additionally, Occidental Petroleum has an average price target of $74.92, with a high of $90.00 and a low of $58.00, based on 12 analyst reports in the last 3 months providing price forecasts for the coming year. according to<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>According to analyst Neil Mehta, Occidental continues to hold an attractive free cash flow outlook.<b>Wednesday, August 3rd Keywords: Monthly rate correction of durable goods orders in the United States in June, API and EIA crude oil inventory changes in the week ending July 29th; Occidental Petroleum earnings</b><img src=\"https://static.tigerbbs.com/30901e5735d1f1747040191e4b90fc26\" tg-width=\"907\" tg-height=\"1171\" referrerpolicy=\"no-referrer\"/></p><p>On Wednesday,<b>In terms of economic data,</b>The United States will announce the monthly rate correction of durable goods orders in June.</p><p>The monthly rate of U.S. durable goods orders in May was 0.7%, expected to be 0.1%, and the previous value was 0.50%. U.S. factory durable goods orders rose more than expected in May, indicating that corporate investment has so far remained strong even amid rising interest rates and rising economic concerns. In addition,<b>U.S. API and EIA crude oil inventory changes data for the week ending July 29 are also worthy of investors' attention.</b></p><p>U.S. API crude oil inventories decreased by 4.037 million barrels in the week ending July 22, compared with an expected decrease of 1.12 million barrels. EIA crude oil inventories in the United States decreased by 4.523 million barrels in the week ending July 22nd, far exceeding the expected decrease of 1.037 million barrels, the largest decline in U.S. crude oil inventories since the end of May.<b>In terms of events,</b>St. Louis Fed President Bullard addressed money market dealers, and investors also need to keep an eye on it.</p><p><b>OPEC + held its 31st ministerial meeting.</b>OPEC + will hold its 31st ministerial meeting on August 3 to decide on its oil production policy for September. The group will decide whether to heed U.S. calls to supply more crude oil to global markets. At the 30th ministerial meeting on June 30, Zeng decided to raise total oil production in August 2022 by an average of 648,000 barrels per day.</p><p><b>In terms of financial report,</b>U.S. stocks<a href=\"https://laohu8.com/S/MRNA\">Moderna</a>Will release earnings before the U.S. stock market on August 3rd. In addition,<a href=\"https://laohu8.com/S/MGM\">MGM</a>、<a href=\"https://laohu8.com/S/LCID\">Lucid</a>Will release earnings after the U.S. stock market on August 3rd.</p><p><b>In terms of new shares,</b>Hong Kong stock<a href=\"https://laohu8.com/S/09857\">Ning Meng Film and Television</a>New share subscription closed on Wednesday.</p><p><b>Thursday, August 4th Keywords: Bank of England interest rate decision, the number of initial unemployment claims in the United States for the week ending July 30th; Alibaba Earnings Report</b><img src=\"https://static.tigerbbs.com/5ef0b87a71a17736a8d2dc2b68db0fef\" tg-width=\"908\" tg-height=\"945\" referrerpolicy=\"no-referrer\"/></p><p>On Thursday,<b>In terms of economic data,</b>The Bank of England will unveil its interest rate decision.</p><p>The survey shows that the Bank of England may avoid a larger rate hike in August and instead stick to a moderate rate hike pace of 25 basis points, but this is a very difficult decision. In addition,<b>The United States will release data on the number of initial claims and renewal claims for unemployment benefits in the week ending July 30th.</b></p><p>U.S. initial jobless claims fell 5,000 to 256,000 in the week ending July 23. A media survey of economists showed that the median number of applicants was expected to be 250,000. The number of renewed jobless claims fell to 1.36 million for the week ending July 16. While U.S. jobless claims fell for the first time in four weeks, they remained near their highest level since November, indicating that the labor market continues to slow.<b>In terms of events, the ECB will publish an economic bulletin.</b></p><p><b>Tesla Holds 2022 Annual Shareholder Meeting.</b>On August 4, Tesla will hold its annual shareholder meeting inside the Texas Gigafactory. The company will also livestream the event and is expected to announce the latest news on the 4680 battery, full autonomous driving, and the Austin and Berlin plants. Tesla's board seeks to increase the number of authorized common shares to 4 billion, according to the meeting agenda.</p><p><b>In terms of financial report,<a href=\"https://laohu8.com/S/09988\">Alibaba-SW</a>、<a href=\"https://laohu8.com/S/COP\">ConocoPhillips</a></b>Will announce its earnings before the U.S. stock market on August 4th.</p><p><a href=\"https://laohu8.com/S/600030\">CITIC Securities</a>According to the analysis, according to the data of the National Bureau of Statistics, in April/May 2022, China's total retail sales decreased by 11.1%/6.7% year-on-year, and the month-on-month decline narrowed. Online retail sales of physical goods decreased by 5.2%/increased by 7.0% year-on-year, and online consumption picked up. It is forecast that the revenue will reach 889.7 billion yuan/956.8 billion yuan/1,021.4 billion yuan in fiscal year 2023~2025, representing a year-on-year increase of 4%/8%/7%; Raised the net profit (Non-GAAP) forecast for fiscal year 2023-2025 to 129.9 billion yuan/147.6 billion yuan/162.5 billion yuan, representing a decrease of 5%/increase of 14%/increase of 10% year-on-year, and the current price corresponds to the company's Hong Kong stock PE (Non-GAAP) of 16 times/14 times/13 times.<b>Friday, Aug. 5 KEYWORDS: U.S. July nonfarm and unemployment, Cleveland Fed President Mester speaks</b><img src=\"https://static.tigerbbs.com/939f641cb26b9fc3a5d646ffd88fc5f3\" tg-width=\"905\" tg-height=\"904\" referrerpolicy=\"no-referrer\"/>On Friday,<b>In terms of economic data,</b>The United States will announce the non-farm and unemployment rate in July. At present, the market expects non-agricultural products to increase by 255,000 in July, which is lower than the previous value of 372,000, and the unemployment rate is 3.6%, which is the same as the previous value.</p><p>Previously, the number of new non-farm payrolls in the United States after seasonal adjustment in June was 372,000, much higher than the market expectation of 250,000, continuing the strong momentum of employment growth this year; The unemployment rate was 3.6%, unchanged from May and remained near a 50-year low, in line with expectations.<b>On the events front, Cleveland Fed President Mester will speak on monetary policy.</b></p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/d256e82db1d71c864259845ce1d069bf","relate_stocks":{"159934":"黄金ETF","518880":"黄金ETF华安","NUGT":"二倍做多黄金矿业指数ETF-Direxion","HSBC":"汇丰","OXY":"西方石油","BK4521":"英国银行股",".DJI":"道琼斯","GDX":"黄金矿业ETF-VanEck","GLD":"黄金ETF-SPDR","DUST":"二倍做空黄金矿业指数ETF-Direxion","BK4207":"综合性银行",".SPX":"S&P 500 Index","BK4201":"综合性石油与天然气企业","IAU":"黄金信托ETF-iShares",".IXIC":"NASDAQ Composite"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179267509","content_text":"本周（8.1—8.5）重磅财经事件经济数据方面，美国和欧元区7月Markit制造业PMI终值，美国6月耐用品订单月率修正值，美国截至7月29日当周API和EIA原油库存变动，美国截至7月30日当周初请失业金人数，以及美国7月非农和失业率。财报方面，汇丰控股、阿里巴巴、动视暴雪、AMD、PayPal以及巴菲特新晋爱股西方石油将先后发布财报。此外，本周还需关注澳洲联储利率决议，英国央行利率决议，以及芝加哥联储主席埃文斯，圣路易斯联储主席布拉德等官员的讲话。8月1日 周一关键词：欧元区6月失业率，美国和欧元区7月Markit制造业PMI终值；汇丰控股财报周一，经济数据方面，美国和欧元区将公布7月Markit制造业PMI终值，预计相对低迷，和初值相差不大。美国7月Markit制造业PMI初值录得52.3，虽然好于预期的52，但低于6月数值的52.7，创下2020年7月以来最低。财报方面，作为港股高分红股票之一的汇丰控股将会发布财报；美股动视暴雪也将在8月1日美股盘后发布财报。花旗及中金均预测汇丰控股2022年每股普通股中期息预测为8美仙，较去年同期每股普通股中期息7美仙同比升14.2%。综合4间券商预测，汇控2022年上半年列账基准除税前利润预计为79.37-81.74亿美元，较2021年上半年108.39亿美元计，同比下跌24.6%至26.8%。事件方面，美国众议院议长佩洛西即将开启亚洲行。据澎湃新闻报道，美国众议院议长办公室官网公布佩洛西亚洲之行行程，称佩洛西率领一个国会代表团访问印度-太平洋地区，包括访问新加坡、马来西亚、韩国和日本。声明称，此行将重点关注印太地区的共同安全、经济伙伴关系和民主治理。新加坡外交部说，佩洛西率领的美国议会代表团将在8月1日至2日到访新加坡，与哈莉玛总统和李显龙总理会面。8月2日周二关键词：澳洲联储利率决议，芝加哥联储主席埃文斯发表讲话；动视暴雪、英国石油财报周二，经济数据方面，澳洲联储将公布利率决议，以及美国JOLTs职位空缺。在7月22日至28日的调查中，受访的34位经济学家中有32位预测，澳洲联储将把提高现金利率50个基点至1.85%。这将是自1990年引入现金利率以来，澳洲联储首次在连续三次会议上加息50个基点。其余两位经济学家预计加息幅度会更大，为65或75个基点。事件方面，埃文斯主持媒体早餐会，投资者需关注他涉及经济和美联储货币政策的最新言论。财报方面，美股英国石油、标普全球、优步将会在8月2日美股盘前公布财报。此外，巴菲特新晋爱股西方石油，以及美国超微公司、PayPal将会在8月2日美股盘后公布财报。2022年7月27日西方石油宣布，将向截至2022年10月17日在册的股东派发普通股每股0.13美元的定期季度股息。此外，根据最近3个月提供未来一年价格预测的12位分析师报告，西方石油公司的平均目标价为74.92美元，最高为90.00美元，最低为58.00美元。根据高盛分析师Neil Mehta的说法，西方石油公司继续持有有吸引力的自由现金流前景。8月3日周三关键词：美国6月耐用品订单月率修正值，截至7月29日当周API和EIA原油库存变动；西方石油财报周三，经济数据方面，美国将公布6月耐用品订单月率修正值。美国5月耐用品订单月率 0.7%，预期0.1%，前值0.50%。5月份美国工厂耐用品订单增幅高于预期，表明即便在利率上升和对经济担忧加剧的情况下，企业投资迄今仍保持强劲。此外，截至7月29日当周美国API和EIA原油库存变动数据也值得投资者关注。美国至7月22日当周API原油库存减少403.7万桶，预期减少112万桶。美国截至7月22日当周EIA原油库存减少了452.3万桶，远超预期的减少103.7万桶，为5月底以来最大的美国原油库存降幅。事件方面，圣路易斯联储主席布拉德向货币市场经销商发表讲话，投资者也需保持关注。OPEC+举行第31次部长级会议。OPEC+将于8月3日举行第31次部长级会议，决定9月的石油生产政策。该组织将决定是否听取美国的呼吁，为全球市场供应更多原油。在6月30日举行的第30次部长级会议上，曾决定将2022年8月石油总产量日均上调64.8万桶。财报方面，美股Moderna将在8月3日美股盘前发布财报。此外，美高梅、Lucid将在8月3日美股盘后发布财报。新股方面，港股柠萌影视周三结束新股申购。8月4日周四关键词：英国央行利率决议，美国截至7月30日当周初请失业金人数；阿里巴巴财报周四，经济数据方面，英国央行将公布利率决议。调查显示,英国央行8月可能会避免更大幅度的加息，而是坚守25个基点的温和加息步伐，但这是一个非常艰难的决定。此外，美国将公布截至7月30日当周初请、续请失业金人数等数据。截至7月23日当周，美国初次申请失业金人数减少5,000人，至25.6万人。媒体对经济学家进行的调查显示，申请人数的中位数预期25万人。截至7月16日当周，续请失业金人数降至136万人。虽然美国失业金申请人数四周来首次下降，但仍维持在去年11月以来最高水平附近，表明劳动力市场继续放缓。事件方面，欧洲央行将公布经济公报。特斯拉召开2022年年度股东大会。8月4日，特斯拉将在得克萨斯州超级工厂内召开年度股东大会。该公司还将直播这场活动，预计将会公布关于4680电池、全自动驾驶、奥斯汀和柏林工厂的最新消息。会议议程显示，特斯拉董事会寻求将授权普通股的数量增加到40亿股。财报方面，阿里巴巴-SW、康菲石油等将在8月4日美股盘前公布财报。中信证券分析认为，根据国家统计局数据，2022年4/5月我国社零总额同比下滑11.1%/6.7%，环比降幅收窄，实物商品网上零售额同比减少5.2%/增加7.0%，线上消费回暖。预测2023~2025财年收入至8,897亿元/9,568 亿元/10,214 亿元，同比增加4%/增加8%/增加7%；上调2023-2025财年净利润（Non-GAAP）预测至1,299 亿元/1,476 亿元/1,625 亿元，同比减少5%/增加14%/增加10%，现价对应公司港股PE（Non-GAAP）16倍/14倍/13倍。8月5日周五关键词：美国7月非农和失业率，克利夫兰联储主席梅斯特发表讲话周五，经济数据方面，美国将公布公布7月非农和失业率。目前市场预期7月非农增加25.5万，不及37.2万的前值，失业率为3.6%，和前值持平。此前，美国6月季调后新增非农就业人口为37.2万人，远高于市场预期的25万人，延续了今年以来就业增长的强劲势头；失业率为3.6%，与5月持平，仍维持在50年以来的低点附近，符合预期。事件方面，克利夫兰联储主席梅斯特将就货币政策发表讲话。","news_type":1,"symbols_score_info":{"159934":0.9,"518880":0.9,"GDX":0.9,".IXIC":0.9,"GCmain":0.9,".DJI":0.9,"HSBC":0.9,"OXY":0.9,"GLD":0.9,"SGCmain":0.9,"DUST":0.9,"IAU":0.9,".SPX":0.9,"MGCmain":0.9,"NUGT":0.9,"SGUmain":0.9,"SImain":0.9}},"isVote":1,"tweetType":1,"viewCount":3946,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9901501216,"gmtCreate":1659230089435,"gmtModify":1676536273800,"author":{"id":"4098771786575480","authorId":"4098771786575480","name":"Emi_WW","avatar":"https://community-static.tradeup.com/news/1ad793e17503a413c4f36974f7c5052c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098771786575480","idStr":"4098771786575480"},"themes":[],"htmlText":"😚","listText":"😚","text":"😚","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9901501216","repostId":"1137777521","repostType":4,"isVote":1,"tweetType":1,"viewCount":3555,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9077340933,"gmtCreate":1658458269522,"gmtModify":1676536162757,"author":{"id":"4098771786575480","authorId":"4098771786575480","name":"Emi_WW","avatar":"https://community-static.tradeup.com/news/1ad793e17503a413c4f36974f7c5052c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098771786575480","idStr":"4098771786575480"},"themes":[],"htmlText":"🥹","listText":"🥹","text":"🥹","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9077340933","repostId":"1161200490","repostType":4,"isVote":1,"tweetType":1,"viewCount":2798,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9074989782,"gmtCreate":1658282297546,"gmtModify":1676536134317,"author":{"id":"4098771786575480","authorId":"4098771786575480","name":"Emi_WW","avatar":"https://community-static.tradeup.com/news/1ad793e17503a413c4f36974f7c5052c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098771786575480","idStr":"4098771786575480"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9074989782","repostId":"1188196808","repostType":4,"repost":{"id":"1188196808","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1658280116,"share":"https://ttm.financial/m/news/1188196808?lang=en_US&edition=fundamental","pubTime":"2022-07-20 09:21","market":"hk","language":"zh","title":"Opening | Hang Seng Tech Index opens 2.07% higher, tech stocks broadly up","url":"https://stock-news.laohu8.com/highlight/detail?id=1188196808","media":"老虎资讯综合","summary":"7月20日，恒生指数开盘上涨307.36点，涨幅1.49%，报20968.42点；恒生科技指数开盘上涨93.1点，涨幅2.07%，报4599.84点；国企指数开盘上涨108.86点，涨幅1.53%，报","content":"<p><html><head></head><body>On July 20th, the Hang Seng Index opened up 307.36 points, or 1.49%, to 20,968.42 points; The Hang Seng Technology Index opened up 93.1 points, or 2.07%, at 4599.84 points; The State-owned Enterprises Index opened up 108.86 points, or 1.53%, to 7206.25 points; The red-chip index opened up 20.1 points, or 0.53%, at 3,795.81.</p><p><img src=\"https://static.tigerbbs.com/7dc3ebe3b92a0c2926b74c75d5cbaf38\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p>Technology stocks rose generally,<a href=\"https://laohu8.com/S/09626\">Bilibili-SW</a>Nearly 6%, Ctrip Group-S rose more than 4%,<a href=\"https://laohu8.com/S/09988\">Alibaba-SW</a>、<a href=\"https://laohu8.com/S/03888\">Kingsoft</a>Up nearly 4%,<a href=\"https://laohu8.com/S/00700\">Tencent Holdings</a>、<a href=\"https://laohu8.com/S/09618\">JD Group-SW</a>、<a href=\"https://laohu8.com/S/09888\">Baidu Group-SW</a>Up nearly 3%.</p><p><a href=\"https://laohu8.com/S/00020\">SenseTime-W</a>Up 3.8%. On July 19th, the company spent about HK$14.07 million to repurchase 6.7 million shares, the first repurchase of shares after listing.</p><p><a href=\"https://laohu8.com/S/00165\">China Everbright Holdings</a>It fell by nearly 7%, after issuing a profit warning, and is expected to record a net loss of approximately HK$2.60 billion to HK$2.80 billion in the first half of the year, compared with a profit of approximately HK$1.81 billion in the same period last year.</p><p><a href=\"https://laohu8.com/S/01316\">Nexteer</a>It was expected to record a net loss attributable to equity holders of approximately US$11 million in the first half of the year, compared with a net profit attributable to equity holders of US$83 million in the same period of 2021.</p><p></body></html></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>Opening | Hang Seng Tech Index opens 2.07% higher, tech stocks broadly up</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; 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}\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: 12.5px; color: #7E829C; margin: 0;}\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\">\nOpening | Hang Seng Tech Index opens 2.07% higher, tech stocks broadly up\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\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 smaller\">2022-07-20 09:21</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>On July 20th, the Hang Seng Index opened up 307.36 points, or 1.49%, to 20,968.42 points; The Hang Seng Technology Index opened up 93.1 points, or 2.07%, at 4599.84 points; The State-owned Enterprises Index opened up 108.86 points, or 1.53%, to 7206.25 points; The red-chip index opened up 20.1 points, or 0.53%, at 3,795.81.</p><p><img src=\"https://static.tigerbbs.com/7dc3ebe3b92a0c2926b74c75d5cbaf38\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p>Technology stocks rose generally,<a href=\"https://laohu8.com/S/09626\">Bilibili-SW</a>Nearly 6%, Ctrip Group-S rose more than 4%,<a href=\"https://laohu8.com/S/09988\">Alibaba-SW</a>、<a href=\"https://laohu8.com/S/03888\">Kingsoft</a>Up nearly 4%,<a href=\"https://laohu8.com/S/00700\">Tencent Holdings</a>、<a href=\"https://laohu8.com/S/09618\">JD Group-SW</a>、<a href=\"https://laohu8.com/S/09888\">Baidu Group-SW</a>Up nearly 3%.</p><p><a href=\"https://laohu8.com/S/00020\">SenseTime-W</a>Up 3.8%. On July 19th, the company spent about HK$14.07 million to repurchase 6.7 million shares, the first repurchase of shares after listing.</p><p><a href=\"https://laohu8.com/S/00165\">China Everbright Holdings</a>It fell by nearly 7%, after issuing a profit warning, and is expected to record a net loss of approximately HK$2.60 billion to HK$2.80 billion in the first half of the year, compared with a profit of approximately HK$1.81 billion in the same period last year.</p><p><a href=\"https://laohu8.com/S/01316\">Nexteer</a>It was expected to record a net loss attributable to equity holders of approximately US$11 million in the first half of the year, compared with a net profit attributable to equity holders of US$83 million in the same period of 2021.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c1cb237e736a4e03c939622e7b71e8e7","relate_stocks":{"09961":"携程集团—S","00700":"腾讯控股","JD":"京东","03888":"金山软件","HSCCI":"红筹指数","TCOM":"携程网","09626":"哔哩哔哩-W","HSTECH":"恒生科技指数","BILI":"哔哩哔哩","09888":"百度集团-SW","TTTN":"老虎中美互联网巨头ETF","BIDU":"百度","HSCEI":"国企指数","KC":"金山云","03086":"华夏纳指","BABA":"阿里巴巴","QNETCN":"纳斯达克中美互联网老虎指数","HSI":"恒生指数"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188196808","content_text":"7月20日，恒生指数开盘上涨307.36点，涨幅1.49%，报20968.42点；恒生科技指数开盘上涨93.1点，涨幅2.07%，报4599.84点；国企指数开盘上涨108.86点，涨幅1.53%，报7206.25点；红筹指数开盘上涨20.1点，涨幅0.53%，报3795.81点。科技股普涨，哔哩哔哩-SW涨近6%，携程集团-S涨超4%，阿里巴巴-SW、金山软件涨近4%，腾讯控股、京东集团-SW、百度集团-SW涨近3%。商汤-W涨3.8%，公司于7月19日耗资约1407万港元回购670万股，为上市后首次回购股份。中国光大控股跌近7%，此前发布盈警，预期上半年录得净亏损约26.0亿港元至28.0亿港元，去年同期则录得约18.1亿港元盈利。耐世特跌4.75%，此前发布盈警，预期上半年录得权益持有人应占净亏损约1100万美元，而2021年同期则录得权益持有人应占净利润8300万美元。","news_type":1,"symbols_score_info":{"09961":0.9,"HSI":0.9,"09626":0.9,"MCHmain":0.9,"QNETCN":0.9,"HSCCI":0.9,"KC":0.9,"HSTECH":0.9,"09888":0.9,"BIDU":0.9,"00700":0.9,"HSImain":0.9,"03086":0.9,"BABA":0.9,"HHImain":0.9,"JD":0.9,"MHImain":0.9,"HSCEI":0.9,"CTRP":0.9,"03888":0.9,"TTTN":0.9,"TCOM":0.9,"BILI":0.9}},"isVote":1,"tweetType":1,"viewCount":3034,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9074980723,"gmtCreate":1658282207862,"gmtModify":1676536134286,"author":{"id":"4098771786575480","authorId":"4098771786575480","name":"Emi_WW","avatar":"https://community-static.tradeup.com/news/1ad793e17503a413c4f36974f7c5052c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098771786575480","idStr":"4098771786575480"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9074980723","repostId":"1192505904","repostType":4,"repost":{"id":"1192505904","kind":"news","weMediaInfo":{"introduction":"追踪全球财经热点，精选影响您财富的资讯，投资理财必备神器！","home_visible":1,"media_name":"华尔街见闻","id":"1084101182","head_image":"https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e"},"pubTimestamp":1658271287,"share":"https://ttm.financial/m/news/1192505904?lang=en_US&edition=fundamental","pubTime":"2022-07-20 06:54","market":"us","language":"zh","title":"Nai rose more than 7% after Frisbee, and Q2 subscribers fell far below expectations","url":"https://stock-news.laohu8.com/highlight/detail?id=1192505904","media":"华尔街见闻","summary":"美东时间7月19日周二美股盘后，全球流媒体巨头奈飞公布其截至2022年6月30日二季度财报，曾经在上个季度警告投资者预计流失200万付费用户的奈飞在本季度实际付费用户数减少97万，奈飞美股盘后涨超7%","content":"<p><html><head></head><body>Global streaming giants after U.S. stocks market on Tuesday, July 19 EST<a href=\"https://laohu8.com/S/NFLX\">Netflix</a>Announcing its financial report for the second quarter as of June 30, 2022, Netflix, which had warned investors in the last quarter that it expected to lose 2 million paid users, saw the actual number of paid users decrease by 970,000 in this quarter, and Netflix's U.S. stock rose by more than 7% after the bell.</p><p><img src=\"https://static.tigerbbs.com/247322e9846de9c74aaf2bf0cfe1476d\" tg-width=\"889\" tg-height=\"821\" width=\"100%\" height=\"auto\"/></p><p>Specifically, look at its core financial indicators:</p><p><ul><li>Q2 EPS came in at $3.20, topping analyst estimates of $2.91.</li><li>Second-quarter revenue of $7.97 billion missed analyst estimates of $8.04 billion, up 9% year over year (up 13% excluding foreign exchange impacts of $339 million).</li><li>Streaming subscribers fell by 970,000 in the second quarter, far below analysts' expectations for a decrease of 2 million, and now cumulatively stands at 220.67 million subscribers.</li></ul><img src=\"https://static.tigerbbs.com/da31cae3f82d35a4d4998cf10eca894c\" tg-width=\"824\" tg-height=\"388\" referrerpolicy=\"no-referrer\"/></p><p>In addition, Netflix also gave the third quarter performance guidance that was not optimistic:</p><p><ul><li>It is expected that the number of streaming media subscribers will net 1 million in the third quarter, which is lower than the 1.8 million increase expected by analysts.</li><li>Third-quarter revenue is expected to be $7.84 billion, compared to estimates of $8.1 billion.</li><li>It is expected to earn $2.14 per share in the third quarter, compared to the estimate of $2.72.</li></ul>In addition, Netflix said that the membership growth in the second quarter was better than expected, but due to the strength of the US dollar pushed by the Federal Reserve's rate hike, it had an impact on Netflix's international revenue under the influence of exchange rate, and its international revenue accounted for 60% of its total revenue.</p><p>Our challenge and opportunity is to accelerate our revenue and membership growth by continuing to improve our products, content and marketing, as we have done for the past 25 years, and to better make our broad audience profitable. Considering our $30+ billion in revenue, $6 billion in operating profit last year, growing free cash flow, and our outlook for the future, we are in a strong position.<b>With<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>Collaborate to promote subscription models with advertising</b></p><p>This month, a Wall Street Insight article mentioned that Netflix announced it would launch a subscription model with ads, but rejected the advertising giant when it sought a partner<a href=\"https://laohu8.com/S/GOOG\">Google</a>, accidentally selected the less experienced Microsoft. Analysts said that \"Netflix may be looking for opportunities to exit,\" and suggested that Netflix may be making long-term preparations for a future acquisition by Microsoft.</p><p>Netflix said it aims to release its lower-cost, ad-supported subscription model in early 2023, and it is currently in the early stages of its paid sharing plan:</p><p>We may start in a handful of markets where advertising spend is huge. Like most of our new initiatives, our intention is to launch it and listen and learn, and iterate quickly to improve the product. As a result, our advertising business may be very different in a few years from what it was on day one. In addition, Netflix said it is studying two different approaches in a test case in Latin America that could inform a broader rollout in 2023.</p><p><b>Fierce competition for streaming, sluggish growth in the post-pandemic era?</b></p><p>In addition to fierce competition with other streaming media providers, Netflix is also facing a \"struggle\" with people's going out demand in the \"post-epidemic era\", and it is increasingly difficult to attract users' sticky attention.</p><p>After Netflix's financial reports overturned for two consecutive quarters and the number of global subscribers lost 200,000 for the first time in more than a decade in the first quarter, analysts previously believed that from Netflix's operating data, it was obvious that Netflix was still facing the difficulty of normalizing growth after the epidemic and the increasingly fierce industry competition; The media also commented on the problems of its corporate culture of \"no subversion, no innovation\".</p><p>While Netflix remains dominant, competition in the streaming space has always been fierce and is likely to continue to be, with Netflix rival HBO Max teaming up with Discovery + to add to its content library for $14.99 per month and no ads, for example. At the same time,<a href=\"https://laohu8.com/S/DIS\">Disney</a>Maintaining its Disney +, Hulu and ESPN + bundled subscription services at $13.99 per month. Just in the shadow of Netflix's historic subscriber loss last quarter, HBO and the cable station's HBO Max streaming service added 3 million new subscribers.</p><p>Netflix said its TV viewership share grew to an all-time high of 7.7% in June and reached 1.3 billion minutes, nearly as much as CBS and NBC, the second-and third-largest media giants, combined.</p><p><img src=\"https://static.tigerbbs.com/c9c4e220bb00d95f7f4eb48d0c4a9b5a\" tg-width=\"624\" tg-height=\"399\" referrerpolicy=\"no-referrer\"/></p><p>However, Netflix said it will have \"more time in the future to learn about these issues and how best to address them.\" Netflix will always focus on content, and the company sees the fourth season of Stranger Things as a major win for its brand because it not only set the company's ratings record — generating 1.3 billion hours of viewing in the first four weeks — but also received multiple nominations for the 2022 Emmy Awards. Additionally, Obi-Wan Kenobi and Top Gun Maverick are also its content focuses.</p><p><img src=\"https://static.tigerbbs.com/8d4c6f17d671703a5fdb9c47fba799e7\" tg-width=\"633\" tg-height=\"383\" referrerpolicy=\"no-referrer\"/></p><p><b>Priority: Re-develop core businesses and new growth points</b></p><p>Netflix says its immediate priority is to reinvest in its core business and jump into its new growth opportunities, such as gaming, followed by selective acquisitions.</p><p>Our goal is to keep cash to a minimum, approximately equivalent to two months of revenue (e.g., approximately $5.3 billion based on second quarter revenue). After meeting these needs, our intention is to return the excess cash to stock holders through share buybacks. Judging from its free cash flow, Netflix's free cash flow in the second quarter reached $13 million, which was a lot lower than that of $175 million in the same period last year. The core reason was its acquisition of Next Games ($69 million) and the impact of exchange rate on cash.</p><p><img src=\"https://static.tigerbbs.com/1e11bb49b194117284463a60b292c3ae\" tg-width=\"939\" tg-height=\"579\" referrerpolicy=\"no-referrer\"/></p><p>Netflix said that it will continue to transform its services from licensed content to its own original content \"due to increased revenue, solid profitability, and the successful evolution of our content model over the years\". Looking at its balance sheet, 60% of net content assets are Netflix original content. As a result, its cash content spend-to-content amortization expense ratio peaked at 1.6x and is expected to reach around 1.2-1.3x throughout 2022, with a gradual decline going forward.</p><p><img src=\"https://static.tigerbbs.com/87319f3f07c27638f422dc28fdd723e5\" tg-width=\"733\" tg-height=\"408\" referrerpolicy=\"no-referrer\"/></p><p>Last quarter, Netflix mentioned in its shareholder letter that \"people like watching TV and playing games\", and Wall Street cited \"moving into video games\" as Netflix's next potential growth engine. Last November, Netflix officially announced its entry into the game market, launching five mobile games on its game platform, and two of them combined the games with the popular program IP Stranger Things.</p><p>It is worth noting that during the reporting period of this quarter, Netflix has laid off employees more than once, after saying that the layoffs were mainly in response to the slowdown in revenue growth and rising costs. After laying off 150 employees in May, another massive layoff of 300 jobs, or about 3% of the workforce, was announced in June.</p><p></body></html></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>Nai rose more than 7% after Frisbee, and Q2 subscribers fell far below expectations</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; 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}\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: 12.5px; color: #7E829C; margin: 0;}\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\">\nNai rose more than 7% after Frisbee, and Q2 subscribers fell far below expectations\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1084101182\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">华尔街见闻 </p>\n<p class=\"h-time smaller\">2022-07-20 06:54</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Global streaming giants after U.S. stocks market on Tuesday, July 19 EST<a href=\"https://laohu8.com/S/NFLX\">Netflix</a>Announcing its financial report for the second quarter as of June 30, 2022, Netflix, which had warned investors in the last quarter that it expected to lose 2 million paid users, saw the actual number of paid users decrease by 970,000 in this quarter, and Netflix's U.S. stock rose by more than 7% after the bell.</p><p><img src=\"https://static.tigerbbs.com/247322e9846de9c74aaf2bf0cfe1476d\" tg-width=\"889\" tg-height=\"821\" width=\"100%\" height=\"auto\"/></p><p>Specifically, look at its core financial indicators:</p><p><ul><li>Q2 EPS came in at $3.20, topping analyst estimates of $2.91.</li><li>Second-quarter revenue of $7.97 billion missed analyst estimates of $8.04 billion, up 9% year over year (up 13% excluding foreign exchange impacts of $339 million).</li><li>Streaming subscribers fell by 970,000 in the second quarter, far below analysts' expectations for a decrease of 2 million, and now cumulatively stands at 220.67 million subscribers.</li></ul><img src=\"https://static.tigerbbs.com/da31cae3f82d35a4d4998cf10eca894c\" tg-width=\"824\" tg-height=\"388\" referrerpolicy=\"no-referrer\"/></p><p>In addition, Netflix also gave the third quarter performance guidance that was not optimistic:</p><p><ul><li>It is expected that the number of streaming media subscribers will net 1 million in the third quarter, which is lower than the 1.8 million increase expected by analysts.</li><li>Third-quarter revenue is expected to be $7.84 billion, compared to estimates of $8.1 billion.</li><li>It is expected to earn $2.14 per share in the third quarter, compared to the estimate of $2.72.</li></ul>In addition, Netflix said that the membership growth in the second quarter was better than expected, but due to the strength of the US dollar pushed by the Federal Reserve's rate hike, it had an impact on Netflix's international revenue under the influence of exchange rate, and its international revenue accounted for 60% of its total revenue.</p><p>Our challenge and opportunity is to accelerate our revenue and membership growth by continuing to improve our products, content and marketing, as we have done for the past 25 years, and to better make our broad audience profitable. Considering our $30+ billion in revenue, $6 billion in operating profit last year, growing free cash flow, and our outlook for the future, we are in a strong position.<b>With<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>Collaborate to promote subscription models with advertising</b></p><p>This month, a Wall Street Insight article mentioned that Netflix announced it would launch a subscription model with ads, but rejected the advertising giant when it sought a partner<a href=\"https://laohu8.com/S/GOOG\">Google</a>, accidentally selected the less experienced Microsoft. Analysts said that \"Netflix may be looking for opportunities to exit,\" and suggested that Netflix may be making long-term preparations for a future acquisition by Microsoft.</p><p>Netflix said it aims to release its lower-cost, ad-supported subscription model in early 2023, and it is currently in the early stages of its paid sharing plan:</p><p>We may start in a handful of markets where advertising spend is huge. Like most of our new initiatives, our intention is to launch it and listen and learn, and iterate quickly to improve the product. As a result, our advertising business may be very different in a few years from what it was on day one. In addition, Netflix said it is studying two different approaches in a test case in Latin America that could inform a broader rollout in 2023.</p><p><b>Fierce competition for streaming, sluggish growth in the post-pandemic era?</b></p><p>In addition to fierce competition with other streaming media providers, Netflix is also facing a \"struggle\" with people's going out demand in the \"post-epidemic era\", and it is increasingly difficult to attract users' sticky attention.</p><p>After Netflix's financial reports overturned for two consecutive quarters and the number of global subscribers lost 200,000 for the first time in more than a decade in the first quarter, analysts previously believed that from Netflix's operating data, it was obvious that Netflix was still facing the difficulty of normalizing growth after the epidemic and the increasingly fierce industry competition; The media also commented on the problems of its corporate culture of \"no subversion, no innovation\".</p><p>While Netflix remains dominant, competition in the streaming space has always been fierce and is likely to continue to be, with Netflix rival HBO Max teaming up with Discovery + to add to its content library for $14.99 per month and no ads, for example. At the same time,<a href=\"https://laohu8.com/S/DIS\">Disney</a>Maintaining its Disney +, Hulu and ESPN + bundled subscription services at $13.99 per month. Just in the shadow of Netflix's historic subscriber loss last quarter, HBO and the cable station's HBO Max streaming service added 3 million new subscribers.</p><p>Netflix said its TV viewership share grew to an all-time high of 7.7% in June and reached 1.3 billion minutes, nearly as much as CBS and NBC, the second-and third-largest media giants, combined.</p><p><img src=\"https://static.tigerbbs.com/c9c4e220bb00d95f7f4eb48d0c4a9b5a\" tg-width=\"624\" tg-height=\"399\" referrerpolicy=\"no-referrer\"/></p><p>However, Netflix said it will have \"more time in the future to learn about these issues and how best to address them.\" Netflix will always focus on content, and the company sees the fourth season of Stranger Things as a major win for its brand because it not only set the company's ratings record — generating 1.3 billion hours of viewing in the first four weeks — but also received multiple nominations for the 2022 Emmy Awards. Additionally, Obi-Wan Kenobi and Top Gun Maverick are also its content focuses.</p><p><img src=\"https://static.tigerbbs.com/8d4c6f17d671703a5fdb9c47fba799e7\" tg-width=\"633\" tg-height=\"383\" referrerpolicy=\"no-referrer\"/></p><p><b>Priority: Re-develop core businesses and new growth points</b></p><p>Netflix says its immediate priority is to reinvest in its core business and jump into its new growth opportunities, such as gaming, followed by selective acquisitions.</p><p>Our goal is to keep cash to a minimum, approximately equivalent to two months of revenue (e.g., approximately $5.3 billion based on second quarter revenue). After meeting these needs, our intention is to return the excess cash to stock holders through share buybacks. Judging from its free cash flow, Netflix's free cash flow in the second quarter reached $13 million, which was a lot lower than that of $175 million in the same period last year. The core reason was its acquisition of Next Games ($69 million) and the impact of exchange rate on cash.</p><p><img src=\"https://static.tigerbbs.com/1e11bb49b194117284463a60b292c3ae\" tg-width=\"939\" tg-height=\"579\" referrerpolicy=\"no-referrer\"/></p><p>Netflix said that it will continue to transform its services from licensed content to its own original content \"due to increased revenue, solid profitability, and the successful evolution of our content model over the years\". Looking at its balance sheet, 60% of net content assets are Netflix original content. As a result, its cash content spend-to-content amortization expense ratio peaked at 1.6x and is expected to reach around 1.2-1.3x throughout 2022, with a gradual decline going forward.</p><p><img src=\"https://static.tigerbbs.com/87319f3f07c27638f422dc28fdd723e5\" tg-width=\"733\" tg-height=\"408\" referrerpolicy=\"no-referrer\"/></p><p>Last quarter, Netflix mentioned in its shareholder letter that \"people like watching TV and playing games\", and Wall Street cited \"moving into video games\" as Netflix's next potential growth engine. Last November, Netflix officially announced its entry into the game market, launching five mobile games on its game platform, and two of them combined the games with the popular program IP Stranger Things.</p><p>It is worth noting that during the reporting period of this quarter, Netflix has laid off employees more than once, after saying that the layoffs were mainly in response to the slowdown in revenue growth and rising costs. After laying off 150 employees in May, another massive layoff of 300 jobs, or about 3% of the workforce, was announced in June.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/e2224e6b43e75f835dbd8bb6d8c4972c","relate_stocks":{"BK4581":"高盛持仓","BK4532":"文艺复兴科技持仓","NFLX":"奈飞","BK4527":"明星科技股","FNGU":"三倍做多FANG+指数ETN-MicroSectors","BK4566":"资本集团","BK4534":"瑞士信贷持仓","BK4551":"寇图资本持仓","QNETCN":"纳斯达克中美互联网老虎指数","BK4548":"巴美列捷福持仓","BK4108":"电影和娱乐","BK4507":"流媒体概念","BK4524":"宅经济概念"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192505904","content_text":"美东时间7月19日周二美股盘后，全球流媒体巨头奈飞公布其截至2022年6月30日二季度财报，曾经在上个季度警告投资者预计流失200万付费用户的奈飞在本季度实际付费用户数减少97万，奈飞美股盘后涨超7%。具体来看其核心财务指标：第二季度EPS为3.20美元，高于分析师预期2.91美元。第二季度收入79.7亿美元，低于分析师预期80.4亿美元，同比增长9%（剔除3.39亿美元的外汇影响则增长13%）。第二季度流媒体订阅用户数减少97万，远远低于分析师预期减少200万，目前累计用户达2.2067亿。此外，奈飞还给到了并不乐观的第三季度业绩指引：预计三季度流媒体订阅用户数将净增100万，低于分析师预期增加180万。预计三季度收入为78.4亿美元，预期为81亿美元。预计三季度每股收益2.14美元，预期2.72美元。另外，奈飞表示二季度的会员增长好于预期，但由于美联储加息推动美元走强，使得在汇率影响下对奈飞的国际收入产生了影响，而其国际收入占其收入总额的60%。我们的挑战和机遇是通过继续改善我们的产品、内容和营销来加速我们的收入和会员增长，就像我们在过去25年里所做的那样，并更好地使我们的广大观众盈利。考虑到我们300多亿美元的收入，去年60亿美元的营业利润，不断增长的自由现金流，以及我们对未来的展望，我们处于一个有利的位置。与微软合作，推动含有广告的订阅模式本月，华尔街见闻文章提及，奈飞宣布将推出含有广告的订阅模式，但在寻找合作伙伴时拒绝了广告巨头谷歌，意外选择了经验不足的微软。分析师表示“奈飞可能正在寻找退出的机会，”并暗示奈飞或许正在为未来被微软收购做长期准备。奈飞表示，其目标是在2023年初发布其成本较低、有广告支持的订阅模式，目前其还处于付费分享计划的早期阶段：我们可能会在少数几个广告支出巨大的市场开始。像我们的大多数新举措一样，我们的目的是推出它，并倾听和学习，并迅速迭代以改进产品。因此，我们的广告业务在几年后可能会与第一天的情况大不相同。此外，奈飞还表示其正在拉丁美洲的测试案例中研究了两种不同的方法，可以为2023年更广泛的推广提供参考。流媒体竞争激烈，后疫情时代增长乏力？奈飞除了与其他流媒体供应商激烈竞争，也面临与“后疫情时代”人们的外出需求“作斗争”，吸引用户的黏性关注越来越困难。继奈飞连续两个季度财报翻车、全球订阅用户数一季度十多年来首次流失了20万后，分析师此前认为从奈飞的经营数据中，很明显能看到奈飞仍面临着疫情后增长正常化的困难，以及越来越激烈的行业竞争；媒体也评论其“不颠覆，无创新”的企业文化出现问题。虽然Netflix仍然保持着主导地位，但流媒体领域的竞争始终非常激烈，而且很可能继续如此，以Netflix竞争对手为例，HBO Max将与Discovery+合作，以每月14.99美元的价格增加其内容库，而且没有广告。同时，迪士尼将其Disney+、Hulu和ESPN+捆绑订阅服务维持在每月13.99美元。就在Netflix上季度用户历史性流失的阴影下，HBO和该有线电视台的HBO Max流媒体服务增加了300万新用户。奈飞表示其电视收视份额在6月份增长到了7.7%的历史新高，并达到13亿分钟的收视率，几乎与排名第二第三的两大媒体巨头CBS和NBC的总和等量。不过，奈飞表示其未来将有“更多时间来了解这些问题，以及如何最好地解决这些问题”，奈飞将始终把重点放在内容上，该公司将《Stranger Things》第四季视为其品牌的一次重大胜利因为其不仅创下了该公司的收视率记录——前四周产生了13亿小时的观看量，还获得了2022年艾美奖的多项提名。此外，《Obi-Wan Kenobi》和《Top Gun Maverick》也是其内容重点。首要任务，重新发力核心业务及新增长点奈飞表示，其当前的首要任务是重新投资于核心业务，并投入于其新的增长机会，如游戏，然后是选择性的收购。我们的目标是保持最低限度的现金，大约相当于两个月的收入（例如，基于第二季度的收入，约53亿美元）。在满足这些需求后，我们的目的是通过股票回购将多余的现金返还给股票持有人。从其自由现金流的情况来看，奈飞在第二季度的自由现金流达到1300万美元，相比去年同期1.75亿美元有了不少降幅，核心原因是其收购了Next Games（6900万美元）以及汇率对现金的影响。奈飞表示，\"由于收入增加，盈利能力稳固，以及我们的内容模式多年来的成功演变\"，其将继续把服务从授权内容转变为自身的原创内容。从其资产负债表来看，60%的净内容资产是Netflix原创内容。因此，其现金内容支出与内容摊销费用比率达到了1.6倍的峰值，预计在2022年全年达到约为1.2-1.3倍，并在未来逐步下降。上个季度，奈飞在股东信中提及“人们喜欢看电视和玩游戏”，华尔街则将“进军视频游戏”作为奈飞下一个潜在的增长引擎。去年11月，奈飞正式宣布进军游戏市场，在其游戏平台上线了五款手游，而且有两款是将游戏与热门节目IP《怪奇物语》相结合。值得注意的是，在本季度报告期内，奈飞已不止一次裁员，此前其表示裁员主要是为了应对营收增速放缓而成本不断增长的情况。继5月解雇了150名员工后，6月再一次宣布大幅裁员300人，约占员工总数的3%。","news_type":1,"symbols_score_info":{"QNETCN":1,"NFLX":1,"FNGU":1}},"isVote":1,"tweetType":1,"viewCount":4018,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9075687556,"gmtCreate":1658192299876,"gmtModify":1676536119796,"author":{"id":"4098771786575480","authorId":"4098771786575480","name":"Emi_WW","avatar":"https://community-static.tradeup.com/news/1ad793e17503a413c4f36974f7c5052c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098771786575480","idStr":"4098771786575480"},"themes":[],"htmlText":"🥺","listText":"🥺","text":"🥺","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9075687556","repostId":"1152148695","repostType":4,"repost":{"id":"1152148695","kind":"news","weMediaInfo":{"introduction":"提供来自华尔街的观点，观察市场，提供独道的解读视角。","home_visible":1,"media_name":"老虎锐评","id":"1005414032","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1658151635,"share":"https://ttm.financial/m/news/1152148695?lang=en_US&edition=fundamental","pubTime":"2022-07-18 21:40","market":"us","language":"zh","title":"Tiger Comments: This stock, which plunged 94%, reminds us to be careful of a class of traps","url":"https://stock-news.laohu8.com/highlight/detail?id=1152148695","media":"老虎锐评","summary":"这里的分析只是希望得到更加有意义的投资教训。","content":"<p><html><head></head><body>As of May this year, the flagship fund under Tiger Global (TG) Fund had a pullback/retracement of 52%. Leaving aside TG's primary market investment losses, among the secondary market investments, the most losing investment was in used car dealer Carvana. In the past 11 months, the stock has gone from a high of more than 94% in pullback/retracement, the stock price has gone from $350 pullback/retracement to $21.25, and the company's market capitalization has fallen from $62 billion to $3.8 billion. Amid the gradual cooling of U.S. consumption and the rate hike environment, Carvana may be the worst-performing stock.</p><p><img src=\"https://static.tigerbbs.com/4cdd3976501bcae8d41830abd3d9d0d0\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p>The chart below shows TG's position on Carvana. With the stock price, the pullback/retracement position is also increasing, so the loss is also increasing. If TG still hasn't reduced its holdings in the second quarter of this year, the loss of this investment will be close to $1 billion.</p><p><img src=\"https://static.tigerbbs.com/87be238d2b80d7898e6a1f10c81cc6f8\" tg-width=\"532\" tg-height=\"134\" referrerpolicy=\"no-referrer\"/></p><p>This company's business model is an online used car dealer in the United States, which is a bright spot in the context that the United States mainly relies on 4S stores to sell cars. The company not only sells used cars, but also packages buyers' loans and sells them to bond investors. In the company's gross profit in 2021, the income from selling loans accounted for 1/3 of the gross profit. In the past two years, the overall price of used cars in the United States has been rising steadily, and the interest rate of the Federal Reserve is too low (the interest income from selling vehicle loans is objective). Carvana's business model takes both ends, which is the reason why TG is optimistic about this company's business model. Although the company has been losing money, its share price has been touted.</p><p>Of course, the macro environment has turned, and the US consumption has weakened and interest rates have risen, which makes the company's business prospects full of uncertainty. Of course, there are very few people who can accurately grasp the macro turn, and the analysis here is just hoping for more meaningful investment lessons.</p><p>If we do an analysis of the number of cars sold and the number of employees in Carvana, we will see that this company is not very much an online company. The following three pictures show the number of cars sold, the number of employees and the number of cars sold per capita of this company in the past few years. While the number of cars sold has doubled, the number of employees has also doubled, so the number of cars sold per capita has actually begun to decline. From this point of view, the efficiency of this company may be stronger than that of 4S stores, but the scale effect of \"online\" can't be seen.</p><p><img src=\"https://static.tigerbbs.com/4131cae6aaf98015cf157417a13d46a7\" tg-width=\"805\" tg-height=\"198\" referrerpolicy=\"no-referrer\"/></p><p><table><tbody><tr></tr></tbody></table>Of course, this problem is not the most important. It is common for efficiency to decline after large scale. The more important problem is the company's business model. Generally speaking, if an enterprise provides both products and funds, then this business model should be wary-another risk of Carvana is that the loan product may not have a buyer, so the loan can only stay in its own hands, which is also the reason why the stock price has continued to fall recently.</p><p>In addition to this hidden danger on the balance sheet, another hidden danger is that the company has played a macro game through inventory. At the end of 2021, the company stockpiled more than 70,000 vehicles, doubling from the end of 2020. If the number of cars sold is used as the base, then the company has hoarded 2 months of sales in 2021 and 1.5 months of sales in 2020. The company is indeed very radical, and it is still gambling that the used car market will surely continue to be hot. At present, the selling price of used cars starts pullback/retracement, and the chart below is the price index of used cars in the United States.</p><p><img src=\"https://static.tigerbbs.com/1dea50ade1c6bcc9a867339d70811a8e\" tg-width=\"508\" tg-height=\"218\" referrerpolicy=\"no-referrer\"/></p><p>The current macro situation is not that when Carvana is sentenced to death, the company still has time to get rid of the loans, reduce inventory and reduce the number of employees (the company has announced 2,100 layoffs, accounting for 12% of its total employees). It's just that from the story of growth stocks, the way ahead is not very clear. Therefore, when investing, we must be careful about the business model of mutual gambling between left and right hands, which is greatly affected by the macro economy-even if the iPhone sales are good, Apple will not lend money to consumers to buy Apples, but rely on third-party banks (Citizens Bank) to bear risks, which is prudent.</p><p></body></html></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>Tiger Comments: This stock, which plunged 94%, reminds us to be careful of a class of traps</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: 12.5px; color: #7E829C; margin: 0;}\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\">\nTiger Comments: This stock, which plunged 94%, reminds us to be careful of a class of traps\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1005414032\">\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\">老虎锐评 </p>\n<p class=\"h-time smaller\">2022-07-18 21:40</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>As of May this year, the flagship fund under Tiger Global (TG) Fund had a pullback/retracement of 52%. Leaving aside TG's primary market investment losses, among the secondary market investments, the most losing investment was in used car dealer Carvana. In the past 11 months, the stock has gone from a high of more than 94% in pullback/retracement, the stock price has gone from $350 pullback/retracement to $21.25, and the company's market capitalization has fallen from $62 billion to $3.8 billion. Amid the gradual cooling of U.S. consumption and the rate hike environment, Carvana may be the worst-performing stock.</p><p><img src=\"https://static.tigerbbs.com/4cdd3976501bcae8d41830abd3d9d0d0\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p>The chart below shows TG's position on Carvana. With the stock price, the pullback/retracement position is also increasing, so the loss is also increasing. If TG still hasn't reduced its holdings in the second quarter of this year, the loss of this investment will be close to $1 billion.</p><p><img src=\"https://static.tigerbbs.com/87be238d2b80d7898e6a1f10c81cc6f8\" tg-width=\"532\" tg-height=\"134\" referrerpolicy=\"no-referrer\"/></p><p>This company's business model is an online used car dealer in the United States, which is a bright spot in the context that the United States mainly relies on 4S stores to sell cars. The company not only sells used cars, but also packages buyers' loans and sells them to bond investors. In the company's gross profit in 2021, the income from selling loans accounted for 1/3 of the gross profit. In the past two years, the overall price of used cars in the United States has been rising steadily, and the interest rate of the Federal Reserve is too low (the interest income from selling vehicle loans is objective). Carvana's business model takes both ends, which is the reason why TG is optimistic about this company's business model. Although the company has been losing money, its share price has been touted.</p><p>Of course, the macro environment has turned, and the US consumption has weakened and interest rates have risen, which makes the company's business prospects full of uncertainty. Of course, there are very few people who can accurately grasp the macro turn, and the analysis here is just hoping for more meaningful investment lessons.</p><p>If we do an analysis of the number of cars sold and the number of employees in Carvana, we will see that this company is not very much an online company. The following three pictures show the number of cars sold, the number of employees and the number of cars sold per capita of this company in the past few years. While the number of cars sold has doubled, the number of employees has also doubled, so the number of cars sold per capita has actually begun to decline. From this point of view, the efficiency of this company may be stronger than that of 4S stores, but the scale effect of \"online\" can't be seen.</p><p><img src=\"https://static.tigerbbs.com/4131cae6aaf98015cf157417a13d46a7\" tg-width=\"805\" tg-height=\"198\" referrerpolicy=\"no-referrer\"/></p><p><table><tbody><tr></tr></tbody></table>Of course, this problem is not the most important. It is common for efficiency to decline after large scale. The more important problem is the company's business model. Generally speaking, if an enterprise provides both products and funds, then this business model should be wary-another risk of Carvana is that the loan product may not have a buyer, so the loan can only stay in its own hands, which is also the reason why the stock price has continued to fall recently.</p><p>In addition to this hidden danger on the balance sheet, another hidden danger is that the company has played a macro game through inventory. At the end of 2021, the company stockpiled more than 70,000 vehicles, doubling from the end of 2020. If the number of cars sold is used as the base, then the company has hoarded 2 months of sales in 2021 and 1.5 months of sales in 2020. The company is indeed very radical, and it is still gambling that the used car market will surely continue to be hot. At present, the selling price of used cars starts pullback/retracement, and the chart below is the price index of used cars in the United States.</p><p><img src=\"https://static.tigerbbs.com/1dea50ade1c6bcc9a867339d70811a8e\" tg-width=\"508\" tg-height=\"218\" referrerpolicy=\"no-referrer\"/></p><p>The current macro situation is not that when Carvana is sentenced to death, the company still has time to get rid of the loans, reduce inventory and reduce the number of employees (the company has announced 2,100 layoffs, accounting for 12% of its total employees). It's just that from the story of growth stocks, the way ahead is not very clear. Therefore, when investing, we must be careful about the business model of mutual gambling between left and right hands, which is greatly affected by the macro economy-even if the iPhone sales are good, Apple will not lend money to consumers to buy Apples, but rely on third-party banks (Citizens Bank) to bear risks, which is prudent.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/9e51dca4aea5a4f4975d48e2264c0446","relate_stocks":{"CVNA":"Carvana Co."},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1152148695","content_text":"截止到今年5月，Tiger Global（TG）基金旗下的旗舰基金回撤52%。抛开TG的一级市场投资亏损不算，在二级市场的投资中，损失最大的投资是在二手车商Carvana。这只股票在过去11个月的时间，从高点回撤超过94%，股价从$350回撤到$21.25，公司市值从$620亿跌到$38亿。在美国消费逐渐冷却以及加息大环境下，Carvana可能是股价表现最差的股票。下图是TG在Carvana上的仓位，随着股价回撤仓位也在增加，所以亏损也越来越大。如果TG在今年2季度依旧没有减持，那么这一笔投资的损失接近$10亿。这家公司的商业模式是美国的线上二手车商，这在美国卖车主要靠4S店的大背景下，属于一个亮点。这家公司不仅销售二手车，还把买家的贷款打包卖给债券投资人。在2021年公司的毛利中，卖贷款的收入占毛利的1/3。在过去两年，美国整体二手车价格节节攀升，美联储利率过低（卖车辆贷款得利息收入客观），Carvana的商业模式两头通吃，相信这也是TG看好这家公司商业模式的原因。虽然这家公司一直亏钱，但是股价却一直受吹捧。当然宏观环境转向，美国消费变弱利率上行，这就使得这家公司的业务前景变得充满了不确定性。当然，能够准确把握宏观转向的人少之又少，这里的分析只是希望得到更加有意义的投资教训。如果我们对Carvana这家公司的售车数和员工人数进行一个分析，就会发现这家公司不太像一家线上公司。下面三图是这家公司过去几年售车数、员工人数和人均售车数量，售车数量在翻倍的同时，员工数也在翻倍，所以人均售车数量其实开始下滑。从这一条来看，这家公司的效率可能比4S店要强，但是“线上”的规模效应看不出来。当然这个问题不是最主要的，规模大之后效率下降也是常事，更主要的问题是公司的经营模式。一般来说，如果一个企业既提供产品又提供资金，那么这种业务模式就要值得警惕——Carvana的另外一个风险就是贷款产品可能没有买家，那么贷款就只能留在自己手上，这一点也是最近股价继续下跌的原因。除了负债表上的这个隐患之后，另外还有一个隐患就是公司通过库存数对宏观进行了博弈。公司在2021年年底，囤了70,000多辆车，比2020年底翻了一倍。如果从售车数量作为基数，那么2021年囤了2个月的销量，2020年囤了1.5个月的销量，公司确实是非常激进，还在赌博二手车市场一定会持续热下去。目前二手车售价开始回撤，下图是美国二手车价格指数。目前的宏观情况并非就是宣判Carvana死刑的时候，公司依旧还有时间去把手上的贷款处理掉，把库存降低，把员工数量降低（公司已经宣布裁员2100人，占总员工的12%）。只是说从成长股的故事来看，前路就不太明朗了。所以，投资一定要小心左右手互博的商业模式，受宏观影响太大——就算iPhone销量再好，苹果也不借钱给消费者买苹果，而是靠第三方银行（Citizens Bank）承担风险，这就是慎重。","news_type":1,"symbols_score_info":{"CVNA":0.9}},"isVote":1,"tweetType":1,"viewCount":2997,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9075684963,"gmtCreate":1658192180052,"gmtModify":1676536119765,"author":{"id":"4098771786575480","authorId":"4098771786575480","name":"Emi_WW","avatar":"https://community-static.tradeup.com/news/1ad793e17503a413c4f36974f7c5052c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098771786575480","idStr":"4098771786575480"},"themes":[],"htmlText":"👌","listText":"👌","text":"👌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9075684963","repostId":"1138372784","repostType":4,"isVote":1,"tweetType":1,"viewCount":2914,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9075685599,"gmtCreate":1658192144411,"gmtModify":1676536119757,"author":{"id":"4098771786575480","authorId":"4098771786575480","name":"Emi_WW","avatar":"https://community-static.tradeup.com/news/1ad793e17503a413c4f36974f7c5052c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098771786575480","idStr":"4098771786575480"},"themes":[],"htmlText":"👌","listText":"👌","text":"👌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9075685599","repostId":"1138372784","repostType":4,"isVote":1,"tweetType":1,"viewCount":3501,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9076024984,"gmtCreate":1657762945548,"gmtModify":1676536058108,"author":{"id":"4098771786575480","authorId":"4098771786575480","name":"Emi_WW","avatar":"https://community-static.tradeup.com/news/1ad793e17503a413c4f36974f7c5052c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098771786575480","idStr":"4098771786575480"},"themes":[],"htmlText":"👏","listText":"👏","text":"👏","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9076024984","repostId":"2251571251","repostType":4,"repost":{"id":"2251571251","kind":"highlight","pubTimestamp":1657754193,"share":"https://ttm.financial/m/news/2251571251?lang=en_US&edition=fundamental","pubTime":"2022-07-14 07:16","market":"hk","language":"zh","title":"Apple starts trial production of iPhone 14, initial sales will be higher than iPhone 13","url":"https://stock-news.laohu8.com/highlight/detail?id=2251571251","media":"新浪财经","summary":"新浪科技讯 北京时间7月13日晚间消息，据报道，虽然全球智能手机市场可能已经陷入困境，但苹果公司的iPhone 13仍然卖得不错。而且，即将上市的新一代产品iPhone 14的表现可能会更好。　　知情人士称，苹果已经开始试产iPhone 14，并计划于8月份量产。而且，苹果已经告知供应商，iPhone 14上市后的初期销量将高于一年前的iPhone 13。如今，越来越多的分析师认为，如果主要经济体陷入衰退，苹果iPhone的销量可能会好于整个智能手机行业。","content":"<p><html><head></head><body>SAN FRANCISCO, July 13th evening news, it is reported that although the global smartphone market may have been in trouble, but<a href=\"https://laohu8.com/S/AAPL\">Apple</a>The company's iPhone 13 is still selling well. And, the upcoming new generation, the iPhone 14, may perform even better.</p><p>Apple has begun trial production of the iPhone 14 and is scheduled for mass production in August, people familiar with the matter said. Moreover, Apple has informed suppliers that the initial sales of the iPhone 14 will be higher after launch than the iPhone 13 a year ago.</p><p>Apple's expectation is in line with the expectations of Wall Street analysts. Today, a growing number of analysts believe that Apple iPhone sales could be better than the smartphone industry as a whole if major economies slip into recession.</p><p>Apple focuses on the high-end market of smartphones. Analysts believe that inflation in core commodities such as food and fuel will have less impact on Apple's relatively wealthy user base.</p><p>Two people familiar with the iPhone supply chain said that despite signs that overall demand in the smartphone market has cooled, iPhone sales momentum remained strong in July.</p><p>One of the people familiar with the matter said that iPhone 13 shipments at one of the factories in July were 1/3 higher than last July. This is very rare because normally, iPhone sales slow down in July and August as consumers wait for a new model to be released in September.</p><p>Another person familiar with the matter said: \"In terms of shipments, the iPhone 13 performed quite well.\"</p><p>Krish Sankar, an analyst at investment bank Cowen, believes that the iPhone 13 continues to maintain good sales momentum later in its lifecycle, partly due to \"a significant rebound in demand from Chinese consumers\".</p><p>In line with previous years'timeframes, Apple has begun trial production of the iPhone 14, aiming for mass production in August so it can be shipped in the fall (September), people familiar with the matter said. For the iPhone 14, Apple's initial sales forecast to suppliers is slightly higher than the iPhone 13 a year ago.</p><p></body></html></p>","source":"sina_us","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>Apple starts trial production of iPhone 14, initial sales will be higher than iPhone 13</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: 12.5px; color: #7E829C; margin: 0;}\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\">\nApple starts trial production of iPhone 14, initial sales will be higher than iPhone 13\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">新浪财经</strong><span class=\"h-time small\">2022-07-14 07:16</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>SAN FRANCISCO, July 13th evening news, it is reported that although the global smartphone market may have been in trouble, but<a href=\"https://laohu8.com/S/AAPL\">Apple</a>The company's iPhone 13 is still selling well. And, the upcoming new generation, the iPhone 14, may perform even better.</p><p>Apple has begun trial production of the iPhone 14 and is scheduled for mass production in August, people familiar with the matter said. Moreover, Apple has informed suppliers that the initial sales of the iPhone 14 will be higher after launch than the iPhone 13 a year ago.</p><p>Apple's expectation is in line with the expectations of Wall Street analysts. Today, a growing number of analysts believe that Apple iPhone sales could be better than the smartphone industry as a whole if major economies slip into recession.</p><p>Apple focuses on the high-end market of smartphones. Analysts believe that inflation in core commodities such as food and fuel will have less impact on Apple's relatively wealthy user base.</p><p>Two people familiar with the iPhone supply chain said that despite signs that overall demand in the smartphone market has cooled, iPhone sales momentum remained strong in July.</p><p>One of the people familiar with the matter said that iPhone 13 shipments at one of the factories in July were 1/3 higher than last July. This is very rare because normally, iPhone sales slow down in July and August as consumers wait for a new model to be released in September.</p><p>Another person familiar with the matter said: \"In terms of shipments, the iPhone 13 performed quite well.\"</p><p>Krish Sankar, an analyst at investment bank Cowen, believes that the iPhone 13 continues to maintain good sales momentum later in its lifecycle, partly due to \"a significant rebound in demand from Chinese consumers\".</p><p>In line with previous years'timeframes, Apple has begun trial production of the iPhone 14, aiming for mass production in August so it can be shipped in the fall (September), people familiar with the matter said. For the iPhone 14, Apple's initial sales forecast to suppliers is slightly higher than the iPhone 13 a year ago.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://finance.sina.com.cn/stock/usstock/c/2022-07-14/doc-imizmscv1413813.shtml\">新浪财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b7614e1910277cd1e8d9423088c475ed","relate_stocks":{"BK4534":"瑞士信贷持仓","BK4576":"AR","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4575":"芯片概念","BK4566":"资本集团","BK4505":"高瓴资本持仓","BK4515":"5G概念","BK4559":"巴菲特持仓","BK4579":"人工智能","BK4550":"红杉资本持仓","BK4507":"流媒体概念","BK4170":"电脑硬件、储存设备及电脑周边","BK4574":"无人驾驶","BK4573":"虚拟现实","AAPL":"苹果","BK4532":"文艺复兴科技持仓","BK4581":"高盛持仓","BK4554":"元宇宙及AR概念","BK4527":"明星科技股","BK4501":"段永平概念","BK4512":"苹果概念","BK4553":"喜马拉雅资本持仓","BK4571":"数字音乐概念"},"source_url":"https://finance.sina.com.cn/stock/usstock/c/2022-07-14/doc-imizmscv1413813.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2251571251","content_text":"新浪科技讯 北京时间7月13日晚间消息，据报道，虽然全球智能手机市场可能已经陷入困境，但苹果公司的iPhone 13仍然卖得不错。而且，即将上市的新一代产品iPhone 14的表现可能会更好。知情人士称，苹果已经开始试产iPhone 14，并计划于8月份量产。而且，苹果已经告知供应商，iPhone 14上市后的初期销量将高于一年前的iPhone 13。苹果的这一预期，与华尔街分析师的预期相吻合。如今，越来越多的分析师认为，如果主要经济体陷入衰退，苹果iPhone的销量可能会好于整个智能手机行业。苹果主打智能手机高端市场，分析人士认为，食品和燃油等核心商品的通胀，对苹果相对富裕的用户群的影响较小。来自iPhone供应链的两位知情人士称，尽管有迹象表明，智能手机市场的整体需求出现降温，但7月份iPhone的销售势头依旧强劲。其中一位知情人士称，其中一家工厂7月份的iPhone 13出货量，比去年7月份高出1/3。这是非常难得的，因为通常情况下，iPhone销量会在7月和8月放缓，因为消费者都在等待9月份发布的新机型。而另一位知情人士称：“从出货量上看，iPhone 13的表现相当出色。”投行Cowen分析师克里什·桑卡尔（Krish Sankar）认为，iPhone 13在生命周期的后期继续保持良好的销售势头，部分原因是“中国消费者的需求大幅反弹”。知情人士称，与往年的时间框架一致，苹果已经开始试产iPhone 14，目标是在8月份批量生产，这样就可以在秋季（9月）发货。对于iPhone 14，苹果向供应商提供的初期销量预期，要略高于一年前的iPhone 13。","news_type":1,"symbols_score_info":{"AAPL":1}},"isVote":1,"tweetType":1,"viewCount":2701,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9076025312,"gmtCreate":1657762778736,"gmtModify":1676536058074,"author":{"id":"4098771786575480","authorId":"4098771786575480","name":"Emi_WW","avatar":"https://community-static.tradeup.com/news/1ad793e17503a413c4f36974f7c5052c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098771786575480","idStr":"4098771786575480"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9076025312","repostId":"2251571251","repostType":4,"repost":{"id":"2251571251","kind":"highlight","pubTimestamp":1657754193,"share":"https://ttm.financial/m/news/2251571251?lang=en_US&edition=fundamental","pubTime":"2022-07-14 07:16","market":"hk","language":"zh","title":"Apple starts trial production of iPhone 14, initial sales will be higher than iPhone 13","url":"https://stock-news.laohu8.com/highlight/detail?id=2251571251","media":"新浪财经","summary":"新浪科技讯 北京时间7月13日晚间消息，据报道，虽然全球智能手机市场可能已经陷入困境，但苹果公司的iPhone 13仍然卖得不错。而且，即将上市的新一代产品iPhone 14的表现可能会更好。　　知情人士称，苹果已经开始试产iPhone 14，并计划于8月份量产。而且，苹果已经告知供应商，iPhone 14上市后的初期销量将高于一年前的iPhone 13。如今，越来越多的分析师认为，如果主要经济体陷入衰退，苹果iPhone的销量可能会好于整个智能手机行业。","content":"<p><html><head></head><body>SAN FRANCISCO, July 13th evening news, it is reported that although the global smartphone market may have been in trouble, but<a href=\"https://laohu8.com/S/AAPL\">Apple</a>The company's iPhone 13 is still selling well. And, the upcoming new generation, the iPhone 14, may perform even better.</p><p>Apple has begun trial production of the iPhone 14 and is scheduled for mass production in August, people familiar with the matter said. Moreover, Apple has informed suppliers that the initial sales of the iPhone 14 will be higher after launch than the iPhone 13 a year ago.</p><p>Apple's expectation is in line with the expectations of Wall Street analysts. Today, a growing number of analysts believe that Apple iPhone sales could be better than the smartphone industry as a whole if major economies slip into recession.</p><p>Apple focuses on the high-end market of smartphones. Analysts believe that inflation in core commodities such as food and fuel will have less impact on Apple's relatively wealthy user base.</p><p>Two people familiar with the iPhone supply chain said that despite signs that overall demand in the smartphone market has cooled, iPhone sales momentum remained strong in July.</p><p>One of the people familiar with the matter said that iPhone 13 shipments at one of the factories in July were 1/3 higher than last July. This is very rare because normally, iPhone sales slow down in July and August as consumers wait for a new model to be released in September.</p><p>Another person familiar with the matter said: \"In terms of shipments, the iPhone 13 performed quite well.\"</p><p>Krish Sankar, an analyst at investment bank Cowen, believes that the iPhone 13 continues to maintain good sales momentum later in its lifecycle, partly due to \"a significant rebound in demand from Chinese consumers\".</p><p>In line with previous years'timeframes, Apple has begun trial production of the iPhone 14, aiming for mass production in August so it can be shipped in the fall (September), people familiar with the matter said. For the iPhone 14, Apple's initial sales forecast to suppliers is slightly higher than the iPhone 13 a year ago.</p><p></body></html></p>","source":"sina_us","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>Apple starts trial production of iPhone 14, initial sales will be higher than iPhone 13</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: 12.5px; color: #7E829C; margin: 0;}\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\">\nApple starts trial production of iPhone 14, initial sales will be higher than iPhone 13\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">新浪财经</strong><span class=\"h-time small\">2022-07-14 07:16</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>SAN FRANCISCO, July 13th evening news, it is reported that although the global smartphone market may have been in trouble, but<a href=\"https://laohu8.com/S/AAPL\">Apple</a>The company's iPhone 13 is still selling well. And, the upcoming new generation, the iPhone 14, may perform even better.</p><p>Apple has begun trial production of the iPhone 14 and is scheduled for mass production in August, people familiar with the matter said. Moreover, Apple has informed suppliers that the initial sales of the iPhone 14 will be higher after launch than the iPhone 13 a year ago.</p><p>Apple's expectation is in line with the expectations of Wall Street analysts. Today, a growing number of analysts believe that Apple iPhone sales could be better than the smartphone industry as a whole if major economies slip into recession.</p><p>Apple focuses on the high-end market of smartphones. Analysts believe that inflation in core commodities such as food and fuel will have less impact on Apple's relatively wealthy user base.</p><p>Two people familiar with the iPhone supply chain said that despite signs that overall demand in the smartphone market has cooled, iPhone sales momentum remained strong in July.</p><p>One of the people familiar with the matter said that iPhone 13 shipments at one of the factories in July were 1/3 higher than last July. This is very rare because normally, iPhone sales slow down in July and August as consumers wait for a new model to be released in September.</p><p>Another person familiar with the matter said: \"In terms of shipments, the iPhone 13 performed quite well.\"</p><p>Krish Sankar, an analyst at investment bank Cowen, believes that the iPhone 13 continues to maintain good sales momentum later in its lifecycle, partly due to \"a significant rebound in demand from Chinese consumers\".</p><p>In line with previous years'timeframes, Apple has begun trial production of the iPhone 14, aiming for mass production in August so it can be shipped in the fall (September), people familiar with the matter said. For the iPhone 14, Apple's initial sales forecast to suppliers is slightly higher than the iPhone 13 a year ago.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://finance.sina.com.cn/stock/usstock/c/2022-07-14/doc-imizmscv1413813.shtml\">新浪财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b7614e1910277cd1e8d9423088c475ed","relate_stocks":{"BK4534":"瑞士信贷持仓","BK4576":"AR","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4575":"芯片概念","BK4566":"资本集团","BK4505":"高瓴资本持仓","BK4515":"5G概念","BK4559":"巴菲特持仓","BK4579":"人工智能","BK4550":"红杉资本持仓","BK4507":"流媒体概念","BK4170":"电脑硬件、储存设备及电脑周边","BK4574":"无人驾驶","BK4573":"虚拟现实","AAPL":"苹果","BK4532":"文艺复兴科技持仓","BK4581":"高盛持仓","BK4554":"元宇宙及AR概念","BK4527":"明星科技股","BK4501":"段永平概念","BK4512":"苹果概念","BK4553":"喜马拉雅资本持仓","BK4571":"数字音乐概念"},"source_url":"https://finance.sina.com.cn/stock/usstock/c/2022-07-14/doc-imizmscv1413813.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2251571251","content_text":"新浪科技讯 北京时间7月13日晚间消息，据报道，虽然全球智能手机市场可能已经陷入困境，但苹果公司的iPhone 13仍然卖得不错。而且，即将上市的新一代产品iPhone 14的表现可能会更好。知情人士称，苹果已经开始试产iPhone 14，并计划于8月份量产。而且，苹果已经告知供应商，iPhone 14上市后的初期销量将高于一年前的iPhone 13。苹果的这一预期，与华尔街分析师的预期相吻合。如今，越来越多的分析师认为，如果主要经济体陷入衰退，苹果iPhone的销量可能会好于整个智能手机行业。苹果主打智能手机高端市场，分析人士认为，食品和燃油等核心商品的通胀，对苹果相对富裕的用户群的影响较小。来自iPhone供应链的两位知情人士称，尽管有迹象表明，智能手机市场的整体需求出现降温，但7月份iPhone的销售势头依旧强劲。其中一位知情人士称，其中一家工厂7月份的iPhone 13出货量，比去年7月份高出1/3。这是非常难得的，因为通常情况下，iPhone销量会在7月和8月放缓，因为消费者都在等待9月份发布的新机型。而另一位知情人士称：“从出货量上看，iPhone 13的表现相当出色。”投行Cowen分析师克里什·桑卡尔（Krish Sankar）认为，iPhone 13在生命周期的后期继续保持良好的销售势头，部分原因是“中国消费者的需求大幅反弹”。知情人士称，与往年的时间框架一致，苹果已经开始试产iPhone 14，目标是在8月份批量生产，这样就可以在秋季（9月）发货。对于iPhone 14，苹果向供应商提供的初期销量预期，要略高于一年前的iPhone 13。","news_type":1,"symbols_score_info":{"AAPL":1}},"isVote":1,"tweetType":1,"viewCount":1283,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9076026555,"gmtCreate":1657762681177,"gmtModify":1676536058044,"author":{"id":"4098771786575480","authorId":"4098771786575480","name":"Emi_WW","avatar":"https://community-static.tradeup.com/news/1ad793e17503a413c4f36974f7c5052c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098771786575480","idStr":"4098771786575480"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9076026555","repostId":"1179662263","repostType":4,"repost":{"id":"1179662263","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1657761347,"share":"https://ttm.financial/m/news/1179662263?lang=en_US&edition=fundamental","pubTime":"2022-07-14 09:15","market":"hk","language":"zh","title":"Hong Kong stocks open | Hang Seng Index opens 0.1% higher, Hang Seng Technology Index rises 0.38%","url":"https://stock-news.laohu8.com/highlight/detail?id=1179662263","media":"老虎资讯综合","summary":"7月14日讯，美CPI爆表，隔夜美股收跌，但中概股走俏。港股高开，恒指涨0.1%，国指涨0.23%，恒生科技指数涨0.38%。盘面上，回港中概股多数上涨，华住集团、携程集团、新东方均涨超4%，京东、百","content":"<p><html><head></head><body>On July 14th, the US CPI exploded, and US stocks closed down overnight, but Chinese stocks were popular. Hong Kong stocks opened higher, with the Hang Seng Index rising 0.1%, the State Index rising 0.23% and the Hang Seng Technology Index rising 0.38%.</p><p>On the disk, most stocks returning to Hong Kong rose,<a href=\"https://laohu8.com/S/01179\">Huazhu</a>Group, Ctrip Group,<a href=\"https://laohu8.com/S/09901\">New Oriental</a>Both rose by more than 4%,<a href=\"https://laohu8.com/S/09618\">Jingdong</a>、<a href=\"https://laohu8.com/S/09888\">Baidu</a>、<a href=\"https://laohu8.com/S/09988\">Alibaba</a>There are all gains, the trend of gas stocks differentiates, insurance stocks and bank stocks generally fall,<a href=\"https://laohu8.com/S/01299\">AIA</a>、<a href=\"https://laohu8.com/S/600036\">China Merchants Bank</a>Significantly lower. On the other hand, biotechnology stocks rose significantly, and the domestic housing stocks and property management stocks that plunged yesterday partially rebounded.<a href=\"https://laohu8.com/S/02878\">Gate semiconductor</a>It opened sharply higher by nearly 14%, and it is expected that its interim net profit will increase by approximately 86.9% year-on-year.<img src=\"https://static.tigerbbs.com/251a4fa81596b01271841bd5cfbd7486\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p></body></html></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>Hong Kong stocks open | Hang Seng Index opens 0.1% higher, Hang Seng Technology Index rises 0.38%</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: 12.5px; color: #7E829C; margin: 0;}\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\">\nHong Kong stocks open | Hang Seng Index opens 0.1% higher, Hang Seng Technology Index rises 0.38%\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\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 smaller\">2022-07-14 09:15</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>On July 14th, the US CPI exploded, and US stocks closed down overnight, but Chinese stocks were popular. Hong Kong stocks opened higher, with the Hang Seng Index rising 0.1%, the State Index rising 0.23% and the Hang Seng Technology Index rising 0.38%.</p><p>On the disk, most stocks returning to Hong Kong rose,<a href=\"https://laohu8.com/S/01179\">Huazhu</a>Group, Ctrip Group,<a href=\"https://laohu8.com/S/09901\">New Oriental</a>Both rose by more than 4%,<a href=\"https://laohu8.com/S/09618\">Jingdong</a>、<a href=\"https://laohu8.com/S/09888\">Baidu</a>、<a href=\"https://laohu8.com/S/09988\">Alibaba</a>There are all gains, the trend of gas stocks differentiates, insurance stocks and bank stocks generally fall,<a href=\"https://laohu8.com/S/01299\">AIA</a>、<a href=\"https://laohu8.com/S/600036\">China Merchants Bank</a>Significantly lower. On the other hand, biotechnology stocks rose significantly, and the domestic housing stocks and property management stocks that plunged yesterday partially rebounded.<a href=\"https://laohu8.com/S/02878\">Gate semiconductor</a>It opened sharply higher by nearly 14%, and it is expected that its interim net profit will increase by approximately 86.9% year-on-year.<img src=\"https://static.tigerbbs.com/251a4fa81596b01271841bd5cfbd7486\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ff6e3231d788a5a6d28cf7965385cc7f","relate_stocks":{"513600":"恒生指数ETF南方","HSTECH":"恒生科技指数","HSI":"恒生指数","02833":"恒指ETF"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179662263","content_text":"7月14日讯，美CPI爆表，隔夜美股收跌，但中概股走俏。港股高开，恒指涨0.1%，国指涨0.23%，恒生科技指数涨0.38%。盘面上，回港中概股多数上涨，华住集团、携程集团、新东方均涨超4%，京东、百度、阿里巴巴均有涨幅，燃气股走势分化，保险股、银行股普跌，友邦保险、招商银行走低明显。另一方面，生物科技股上涨明显，昨日大跌的内房股与物管股部分反弹。晶门半导体大幅高开近14%，预期中期净利同比增加约86.9%。","news_type":1,"symbols_score_info":{"513600":0.9,"HSImain":0.9,"HHImain":0.9,"MCHmain":0.9,"MHImain":0.9,"HSTECH":0.9,"HSI":0.9,"02833":0.9}},"isVote":1,"tweetType":1,"viewCount":1355,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9073299313,"gmtCreate":1657342311432,"gmtModify":1676535995527,"author":{"id":"4098771786575480","authorId":"4098771786575480","name":"Emi_WW","avatar":"https://community-static.tradeup.com/news/1ad793e17503a413c4f36974f7c5052c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098771786575480","idStr":"4098771786575480"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9073299313","repostId":"1172335974","repostType":4,"repost":{"id":"1172335974","kind":"news","pubTimestamp":1657272279,"share":"https://ttm.financial/m/news/1172335974?lang=en_US&edition=fundamental","pubTime":"2022-07-08 17:24","market":"fut","language":"zh","title":"Behind Abe's assassination, how was Japan's economy \"lost\" for three decades?","url":"https://stock-news.laohu8.com/highlight/detail?id=1172335974","media":"风暴眼工作室","summary":"7月8日，日本前首相安倍晋三遭遇枪击的消息震惊全世界。据央视报道，当地时间8日，日本前首相安倍晋三当天上午在奈良发表演讲时中枪 。据悉，安倍晋三在上救护车时还有意识，目前安倍晋三已经没有生命体征。日元","content":"<p><html><head></head><body>On July 8, the news of the shooting of former Japanese Prime Minister Shinzo Abe shocked the world.</p><p>According to CCTV, on the 8th local time, former Japanese Prime Minister Shinzo Abe was shot during a speech in Nara that morning. It is reported that Shinzo Abe is still conscious when he gets on the ambulance. At present, Shinzo Abe has no vital signs.</p><p>The exchange rate of Japanese yen was also affected. As of 11: 30 on July 8th, the loss of US dollar against Japanese yen widened to 0.47% at 135.37, and the yen appreciated.</p><p>Why did the yen suddenly appreciate when Abe was assassinated? Perhaps it has something to do with the \"Abenomics\" promoted by his power during his tenure. After Shinzo Abe took office at the end of 2012, he accelerated the implementation of a series of economic stimulus policies, the most noteworthy of which is the loose monetary policy, and the exchange rate of the yen began to depreciate at an accelerated rate.</p><p>Since the beginning of this year, the continuous decline of the Japanese yen exchange rate has become more obvious. On June 13th, the exchange rate of Japanese yen against the US dollar once fell below the 135 yen-to-US dollar mark, setting a new low in about 24 years. In more than a year since the beginning of 2021, the Japanese yen has depreciated sharply by more than 25% relative to the US dollar.</p><p><img src=\"https://static.tigerbbs.com/73ac608c7438fa9083c60e6af1c6dfd9\" tg-width=\"553\" tg-height=\"330\" referrerpolicy=\"no-referrer\"/></p><p>As a traditional safe-haven currency, it continued to fall sharply, causing Japanese bonds and yen assets to be sold off sharply.</p><p>While Bank of Japan Governor Haruhiko Kuroda reiterated his view that the BOJ must maintain its massive stimulus package to shore up the fragile economic recovery.</p><p>But for ordinary Japanese, it is questionable whether the fragile economic recovery needs to be supported by a sharp depreciation of the yen. After all, Japan, as a big importer, has an 88% dependence on foreign energy and a food self-sufficiency rate of only 37%. The rise in commodity prices brought by the depreciation of the yen will directly affect the lives of citizens.</p><p>Especially after so many years of sharp easing, Japan's average annual GDP growth rate has been less than 1% since the Japanese economy collapsed in 1990.</p><p>People lack confidence somewhat because they have broadened the real estate and prices, but they have not broadened the disposable income of residents. After the \"lost decade\", \"lost twenty years\" and \"lost thirty years\", Japan's loss is about to run to the time dimension of Atlantis.</p><p>In the fourth decade, will Japan be able to make a comeback?</p><p><b>Abe and his \"Abenomics\"</b></p><p>Although Shinzo Abe resigned as prime minister in August 2020, the sharp depreciation of the yen today is closely linked to his \"Abenomics\".</p><p>At the end of 2012, Shinzo Abe once again served as the Prime Minister of Japan, and then threw out the \"fighting for the economy\" route, which was hyped as \"Abenomics\" by the media.</p><p>The so-called \"Abenomics\" is a policy combination that solves Japan's economic problems through experimental monetary policy (QQE for short), active fiscal policy and economic structural reform. Including \"three strategies\":</p><p>First, the largest quantitative easing (QE) monetary policy in Japanese history was proposed, and the central bank purchased 7.5 trillion yen from Treasury Bond every month;</p><p>Second, breaking through the expansionary fiscal policy of the previous government's total budget of 70 trillion yen;</p><p>Third, a package of growth strategies including the Trans-Pacific Strategic Economic Partnership (TPP), deregulation to stimulate private investment and foster innovation.</p><p><img src=\"https://static.tigerbbs.com/79ef0cf1ad82f6f4d2dbd2d9e5cde013\" tg-width=\"553\" tg-height=\"375\" referrerpolicy=\"no-referrer\"/></p><p>Abenomics is the latest effort to address the continuing downturn in Japan's economy since the 1990s. So how effective is the implementation?</p><p>An analysis article of Global Macro Speculation pointed out that Abenomics is a great economic experiment. Japanese financiers and politicians break stereotypes and use a three-pronged approach of structural adjustment, fiscal and monetary policy to improve Japan's potential economic growth rate and overcome deflation. The first three years of the experiment were quite successful.</p><p>At the same time, the article also pointed out that \"Abenomics\" performed bleakly from 2016 to 2020. Under the impact of the COVID-19 pandemic, some of Abenomics' goals have been achieved, especially inflation expectations, yen exchange rate, real interest rate and stock price, etc. However, the potential output growth in the same period is not good, which proves that structural reform is not well advanced.</p><p>Zhang Jifeng, deputy director of the Institute of Japan Studies of the Chinese Academy of Social Sciences, believes that Abe's achievements in economic governance are obvious to everyone, but there are also serious problems. The most serious of these is the difficult financial situation, which has never changed.</p><p>Liu Yun, an associate researcher at the Northeast Asian Institute of China Institute of Contemporary International Relations, believes that if we only look at Japan's GDP, there will be a misunderstanding that Abenomics is not very successful. However, if we look at it as a whole, the Japanese economy is an upward posture. For example, Japan's wages have increased and the profits of large enterprises have increased well, so the Japanese economic situation has improved.</p><p><b>'Lost' began in 1990</b></p><p>The original intention of \"Abenomics\" was to save Japan's persistently sluggish economy. The \"lost decade\" was first proposed when the Japanese stock market bubble burst in 1990.</p><p>More than a decade before the burst of the bubble that left Japan unable to recover, Japan had been a \"country of miracles\".</p><p>From the early labor-intensive enterprises such as cotton textile began to accumulate capital, and then later, with manufacturing as the core industry, actively expanded investment and introduced advanced foreign technologies, and quickly rebuilt the national industrial system from the postwar ruins.</p><p>By 1964, the Tokyo Olympic Games had become an important symbol connecting Japan's economic development and transformation. Due to the demand for steel in large-scale infrastructure construction and the demand for color TV at the opening of the Olympic Games, Japan's steel and electromechanical industries had flourished, and Japan had experienced a complete development stage from \"exchanging shirts for airplanes\" to \"Made in Japan\".</p><p><img src=\"https://static.tigerbbs.com/0d0a4f35b86afc5382004806076b2487\" tg-width=\"528\" tg-height=\"323\" referrerpolicy=\"no-referrer\"/></p><p>In 1965, Japanese steel exports to the United States accounted for half of all U.S. imports, and in 1968, Japan became the world's second largest economy after the United States.</p><p>At the same time, Japanese firmly grasped the new generation of industrial revolution. Automobile, steel, telecommunications, semiconductors and pharmaceuticals fully dominated the U.S. market, and Hitachi, NEC, Fujitsu, Mitsubishi and Toshiba joined forces.</p><p>In the successive trade deficit of the United States with Japan that year, the industrial giants suffered losses year after year, and Intel was even on the verge of bankruptcy.</p><p>Beaten up by Japanese goods, the United States has launched a trade war that now looks familiar to Chinese people.</p><p>Starting in 1981, Japanese cars sold worldwide began to be heavily taxed by the United States and restricted on export quotas.</p><p>At the same time, the United States has imposed 100% tariffs on Japanese high-tech products such as computers and televisions on the grounds that Japan has \"dumping behavior\". Japanese semiconductors are subject to a lower export price limit, and Japanese chips are subject to 100% punitive tariffs.</p><p><img src=\"https://static.tigerbbs.com/2325f7d267568d30d4ad4c0f6022d74e\" tg-width=\"528\" tg-height=\"326\" referrerpolicy=\"no-referrer\"/></p><p>U.S. lawmakers smash Japanese products live</p><p>In addition, executives of Japanese enterprises were arrested in the name of \"industrial espionage\", and Japan was accused by the United States of being a \"currency manipulator\", stealing intellectual property rights from the United States, and was required to increase imports of American agricultural products, cancel trade terms that were unfavorable to foreign enterprises, and let Japan impose voluntary export restrictions in textile, steel, television and machine tool industries, while transferring factories and upgrading industries...</p><p>While constantly accusing Japan of supporting industrial policies through the state, the United States introduced a new trade law in 1988, using the \"Super 301\" clause-blatantly legislating to interfere with Japan's industrial and trade policies, forcing Japan to carry out institutional reform.</p><p>In 1989, Japan and the United States began negotiations on the \"Japan-US Structural Agreement\", which negotiated economic policies, institutions and corporate behaviors, which prompted Japan to carry out open reforms in circulation system and business practices: for example, taking housing as a strategic industry and further opening up the circulation system; Further open up the domestic market and reorganize the import and export system in accordance with the principle of free trade.</p><p>As of 1989, the U.S. Trade Representative had launched a total of 24 Section 301 investigations into Japan, almost all of which had been conceded by the Japanese government.</p><p>At the same time, the yen was forced to appreciate sharply against the dollar due to the \"Plaza Agreement\" reached by the United States, Japan, the Federal Republic of Germany, France and the United Kingdom in 1985. After \"Black Monday\" in October 1987, the yen appreciated to 120 yen/dollar, an increase of 90% in 1988.</p><p><img src=\"https://static.tigerbbs.com/12ab4dd9acfe04f8aab569cb046a73ff\" tg-width=\"528\" tg-height=\"337\" referrerpolicy=\"no-referrer\"/></p><p>Plaza Agreement Signing Site</p><p>The sharply appreciated yen has dealt a devastating blow to Japan, which is mainly an export-oriented economy. The production cost has risen sharply, and high-quality enterprises have begun to flee overseas. In order to cope with the exchange rate crisis, the Japanese government has begun to cut interest rates sharply, hoping to \"send money\" so that enterprises can invest in factories at low cost.</p><p>In fact, due to the long industrial return cycle, a large amount of Japanese yen lent at low interest rate has not been invested in the real economy, and the abundant liquidity of the money market began to flow into the housing market, stock market and luxury goods market with the \"strong\" sharp appreciation of the yen after the Plaza Accord.</p><p>Since 1986, Japan's rapidly expanding economic prosperity has been called the \"Heisei boom\". At the end of 1985, the Nikkei 225 stock price index closed at 13,083 points and at the end of 1989, it closed at 38,916 points. In the past four years, the Nikkei 225 index has risen by 197.45%, and the total stock market value has continued to expand to 896 trillion yen, accounting for 60% of Japan's GDP that year.</p><p><img src=\"https://static.tigerbbs.com/9f5d38582a2e3123322a61e5b005f13f\" tg-width=\"528\" tg-height=\"312\" referrerpolicy=\"no-referrer\"/></p><p>The streets of Japan in the 80s</p><p>The land price in Tokyo is soaring, and the land price of the Japanese emperor's Tokyo Imperial Palace exceeds the land valuation of the whole France; Even if a 10,000 yen note is thrown on the ground in the Ginza area, you can't buy the small piece of land it covers.</p><p>At the same time, the Japanese became the world's largest consumer of luxury goods, sweeping watch stores, jewelry stores and wine wineries around the world. Foreign banks and securities companies were weak in counting money in the Japanese market.</p><p>After a large number of stock index short-selling options, which completely deviate from economic reality, it erupts when the bubble expands to the extreme.</p><p>In October 1990, Japan's five-year bull market ended, and the stock market plunged 63.24%, creating the largest decline in Japanese stock market history. The following year, the property market plunged 65%, bankrupt businesses emerged, the number of unemployed people surged, and the wealth of the whole country shrank by nearly 50%.</p><p>At the same time, the short-term sharp recession made countless ordinary people who had no time to get out \"trapped\" by various capital investment targets, and an economic reshuffle made the wealth of the whole society transfer to at least a few winners.</p><p>Since then, the Japanese economy has begun to be in a long-term downturn.</p><p>The Nikkei Average dropped by more than 82% from an all-time high of 38,957 on December 29, 1989 to a low of 6,994.9 on October 29, 2008. The Nikkei Average still hovered around 10,000 points for the next four years.</p><p>That is, since the late 1990s, the \"lost decade\" of Japan's economy began to appear in the newspapers, and the problem has not been solved so far.</p><p><img src=\"https://static.tigerbbs.com/ced67142e550e77f5f84c394cba59c8d\" tg-width=\"528\" tg-height=\"383\" referrerpolicy=\"no-referrer\"/></p><p><b>What exactly has Japan lost in thirty years?</b></p><p>In 2010, because the Japanese economy is still not improving, the media began to raise the \"lost twenty years\" of the Japanese economy.</p><p>In fact, \"twenty years\" is still not the end of Japan's economic decline. Since the highest closing point of the Nikkei 225 index in history at 38957, it has gone down all the way since then, falling to less than 10,000 points many times during this period, and it didn't stop falling until 2017.</p><p>At the close of trading on July 7, 2022, the Nikkei 225 Index closed at 26,490.53 points, still more than 10,000 points short of its peak.</p><p>The \"Plaza Accord\", which allowed the yen to appreciate sharply, is considered by many to be the root cause of the Great Depression triggered by Japan's bubble economy.</p><p>But the criticism of the Plaza Accord is not unanimous in the analysis of the Great Depression. Toyo Yokuten, the former deputy minister of the Ministry of Treasury of Japan, even personally came forward to refute this view.</p><p>Because from 1985 to 1990, with overseas investment under the strong yen, Japan's overseas net assets rose from more than 1 trillion dollars to more than 3 trillion dollars, which is the so-called \"there is another Japan besides Japan\"- -</p><p>While the yen has appreciated by 300% in 10 years, it is a huge increase in production costs and labor costs. In order to maintain their competitiveness, a large number of Japanese enterprises have to look overseas, which makes Japanese enterprises' capital outflow rapidly.</p><p>The rapidly appreciating yen and the increasingly anxious Japan-US trade war have also contributed to this outflow-the strong yen facilitates Japanese companies to invest in overseas companies, and at the same time, building factories abroad can bypass US sanctions on \"Made in Japan\".</p><p>From 1985 to 1990, Japanese enterprises carried out a total of 21 giant overseas mergers and acquisitions worth more than 50 billion yen.</p><p>In 1989, Mitsubishi bought the Rockefeller Center for $1.4 billion, Panasonic bought Universal Pictures for $6 billion, and Sony bought Columbia Pictures for $3.4 billion-including the Spider-Man copyright that Marvel has not recovered now;</p><p>The Japanese even have the ambition to buy the United States as \"the 41st prefecture of Japan\". Why does the city look so like Tokyo from the 70th floor of the InterContinental Hotel in Los Angeles?</p><p>Because the Japanese bought half of the property here back then.</p><p><img src=\"https://static.tigerbbs.com/6420f38680bf983f828177b00418e180\" tg-width=\"528\" tg-height=\"375\" referrerpolicy=\"no-referrer\"/></p><p>Some Japanese believe that Japan will become the next \"superpower\" and that the government will lead the people to \"end the American era,\" wrote Kanji Ito, a Japanese scholar in \"Across the Pacific Fury.\"</p><p>It is just that these properties belong to giant enterprises, consortia, speculators and wealthy foreign businessmen, but they alone do not belong to the Japanese people.</p><p>In 2020, Sankei Shimbun reported that the revenue of Japanese overseas local legal entities has increased by 220% in the past 20 years, while according to OECD statistics, Japan's per capita purchasing power level in 2020 was only $39,000, an increase of only 4% compared with 1990.</p><p><b>Income unchanged for thirty years</b></p><p>After 1900, investment activity in Japan came to an abrupt halt.</p><p>Banks go bankrupt, factories close down, mortgage disaster, and banks full of non-performing assets have to merge and reorganize; The sharp rise in production costs has caused a large number of enterprises to close down, and the worst is that ordinary people are laid off in the tide of bankruptcy, their lifelong savings are volatilized in the bubble crisis, and they have to carry heavy mortgage loans.</p><p>After the collapse of lifelong employment system and annual merit sequence, they worked overtime desperately in order to keep their jobs. Although the \"social animal\" culture was not born in Japan's bubble crisis, it was solidified after that-accepting the squeeze of competition and production efficiency has become the most helpless choice for Japanese migrant workers.</p><p>But the flood of social development has propelled the Japanese forward, but it has failed to give them the reward they deserve.</p><p><img src=\"https://static.tigerbbs.com/11648f82b27132391bb1a6cef2c3432a\" tg-width=\"528\" tg-height=\"296\" referrerpolicy=\"no-referrer\"/></p><p>In February 2021, Japan's Ministry of Health, Labor and Welfare released the \"Hardworking Statistics Survey\", which showed that Japan's per capita monthly salary in 2020 was 318,299 yen, or about 19,600 yuan, a year-on-year decrease of 1.2% and the largest decline in 12 years.</p><p>This figure was about 350,000 yuan in 1990. At that time, the average annual income of Japanese was 4.25 million yen. Based on the exchange rate at that time, the monthly salary was about 11,600 yuan.</p><p>The average annual income of \"standing still\" for 30 consecutive years has become the most violent \"contraceptive pill\" in Japan.</p><p><b>2. Irreversible aging</b></p><p>In 2020, Japan's total population ranked 11th in the world, falling out of the top 10 for the first time since 1950. From 1974 to 2020, Japan's birth rate dropped from 1.86% to 0.67%, and it began falling into 13 consecutive years of negative population growth around 2008.</p><p>At the same time, the population of the elderly aged 65 and over in Japan reached 36.4 million, accounting for 29.1% of the total population.</p><p>Low births and aging leads to a serious labor supply shortage and a slowdown in labor productivity growth in Japan, which in turn leads to a sustained slowdown in economic growth:</p><p>\"From 1961 to 2020, the growth rate of Japan's working-age population and labor productivity basically changed synchronously with the economic trend. From 1961 to 1975, the average growth rate of Japan's working-age population remained at a high level of 1.6%, the growth rate of labor productivity reached a peak of 8.4%, and the average growth rate of real GDP also remained at a high level of 7.7%; From 1976 to 1988, the working-age population and labor productivity maintained a low growth rate of 0.9% and 3.7% respectively, and the real GDP growth rate also dropped to 4.4%; From 1989 to 2020, the growth rates of working-age population and labor productivity dropped sharply from 0.9% and 4.4% to-0.8% and 1.1% respectively, and the real GDP growth rate dropped from 5.4% to-4.4%. \"</p><p>With the decline of the working population and the continuous reduction of tax revenue, the expenses such as pensions are expanding rapidly. Since 1990, the number of people living on pensions has been five times that of taxpayers.</p><p><img src=\"https://static.tigerbbs.com/8c92a0dfa8f71abcdb41b554124294a7\" tg-width=\"528\" tg-height=\"302\" referrerpolicy=\"no-referrer\"/></p><p>In 2004, Japan launched the pension reform, raising taxes by 0.354% every year. By 2017, the pension paid by taxpayers had accounted for 18.3% of personal annual income, which became a heavy burden on the Japanese people.</p><p>Japan's human development index (which measures per capita GDP, education, and health care) fell from first in the world in 1990 to 19th in the world in 2020.</p><p>At the same time, Japanese young people have a negative attitude towards life, low material desire and lack of motivation to struggle due to the expected decline in income, resulting in the \"hibernation\". According to the definition of the Ministry of Health, Labor and Welfare of Japan, hibernate people are people who stay at home for more than 6 months and almost cut off contact with the outside world. According to the data of the Survey on Living Conditions of the Cabinet Office of Japan, there are 541,000 hibernate people aged 15-39 and 40-64, respectively.</p><p>The consumption and house purchase demand of the elderly are far lower than those of young people, and young people seriously lack consumption desire, which makes it difficult to greatly increase the total consumption, and Japan has fallen into a \"low desire society\".</p><p><b>3. Lifelong QE, but always weak</b></p><p>In 2021, Japan dropped from the \"5 prefix\" with a total GDP of 4,937.4 billion US dollars, but it is still an economic power that is proud of Europe and ranks as the third largest economy in the world, and it seems not bad.</p><p>But in fact, Japan's GDP reached $5.55 trillion in 1995. At that time, the ratio of Japan's GDP to the GDP of the United States was 71.34%. In 2021, this ratio became 21.46%.</p><p><img src=\"https://static.tigerbbs.com/0823be1f503a8cdff0d86e9ba57b90cf\" tg-width=\"528\" tg-height=\"231\" referrerpolicy=\"no-referrer\"/></p><p>Compared with its past glory, Japan is indeed somewhat embarrassed today.</p><p>At the same time, Japan's macro leverage ratio is also leading the world. According to the latest data from the Bank for International Settlements (BIS), at the end of the second quarter of 2021, the macro leverage ratio of various countries was 286.2% in the United States and 284.3% in the euro zone, while it was 416.5% in Japan.</p><p>The huge scale of the debt comes from Japan's decades-long quantitative easing.</p><p>quantitative easing is an innovation in Japan's financial field.</p><p>In 1998, the central bank of the Bank of Japan began to implement the zero interest rate and quantitative easing policy for the first time, that is, the regulation of economic activity through control of the supply of currency.</p><p>In 2013, Bank of Japan Governor Haruhiko Kuroda launched a monetary policy stimulus plan to boost inflation.</p><p>Since 2013, the yen has continued to depreciate against the US dollar, and exports have achieved a substantial increase; At the same time, Japan's benchmark interest rate has been going down all the way, and the 10-year Treasury Bond interest rate even dropped to a negative number in 2016.</p><p>At the same time, the Bank of Japan began to purchase ETFs (exchange-traded funds) on a large scale, with an average annual ETF purchase scale of nearly 4 trillion yen. By 2021, the stocks held by the Bank of Japan will account for more than 80% of stock ETFs and more than 5% of the total market value of Tokyo Stock Exchange.</p><p>Although the Nikkei 225 index has strengthened all the way from around 8,000 points in 2012, and even broke the 30,000 point mark in February 2021, it still seems to be a bubble boom in a mirror, because the huge amount of base money injected by the Bank of Japan has neither driven up inflation nor economic growth.</p><p>In terms of economic structure, except for core basic raw materials, Japan still maintains its barrier advantage, and almost all other industries are stagnant. The markets of automobile, shipbuilding, machine tools and electronic industries are all being divided by the United States, China, South Korea and other countries, and few achievements have been made in emerging industries.</p><p>At present, there are only 6 unicorn companies in Japan, which are significantly behind the 554, 180, 64, 43 and 26 companies in the United States, China, India, Britain and Germany, and their valuations are all less than $2 billion.</p><p>At the same time, Japan's debt expanded sharply. As of the end of December 2021, Japan's national debt, comprising Treasury Bond, borrowings and short-term government securities, reached 1,218.4 trillion yen, and the per capita debt of Japanese nationals was approximately 9.71 million yen, or approximately 534,573 yuan.</p><p>However, at a time when the central banks of the United States, Britain and Europe have all begun to tighten, the Bank of Japan has still not changed its loose monetary policy.</p><p><b>\"Against the Market\" Loose, Unlimited Money Printing, Japanese Yen Falling Streak</b></p><p>The yen's losing streak began in March.</p><p>After the Fed's rate hike landed in March and released the signal that it would increase the magnitude of rate hike and accelerate the shrinking balance sheet in the future, both Britain and Europe began to accelerate the tightening of monetary policy, but the Bank of Japan did the opposite and insisted on maintaining the quantitative easing policy.</p><p>On March 28th, the Bank of Japan issued a press release announcing that it would launch the \"continuous designated price market operation\" measure to curb the rise of interest rates from March 29th to 31st, that is, to purchase unlimited public bonds from private financial institutions at the designated interest rate.</p><p>On the same day, the Japanese yen exchange rate plunged by 1.38%.</p><p>On April 20th, less than a month later, the Bank of Japan announced the unlimited purchase of 10-year Treasury Bond to defend the 0.25% yield ceiling of 10-year Japanese Treasury Bond, which once again pushed the depreciation of the yen.</p><p>Some experts believe that because the depreciation of the yen is conducive to Japan's export-oriented economy, the Bank of Japan has always regarded the loose monetary environment as an important means to boost market expectations, especially at the moment when it has just entered the new fiscal year, it is more difficult for the Bank of Japan to tighten its monetary policy.</p><p>But can easing save the Japanese economy?</p><p>In fact, Japan's trade structure is not stable. Since the Abe administration took office and introduced the unlimited stimulus policy, the total export volume has declined continuously from 2012 to 2015, and only 2016 and 2017 maintained a trade surplus.</p><p><img src=\"https://static.tigerbbs.com/2b2490580bd25519041d5aef1bb5c3c0\" tg-width=\"525\" tg-height=\"263\" referrerpolicy=\"no-referrer\"/></p><p>Recently, the global price of crude oil and raw materials has soared, and the depreciation of the yen has raised the cost of Japanese enterprises and broadened the channels of imported inflation. At the same time, according to the data of \"Value-added Trade Statistics\" released by OECD, the added value created in Japan has dropped from 94% in 1995 to 83% in 2018, a decrease of 11%. Japan's related high value-added products and services have become increasingly difficult to offset its rising production costs.</p><p>The only benefit is Japanese local speculators. With the sharp landing of the Federal Reserve, the yield of U.S. bonds continues to soar, and the spread between the U.S. and Japan in Treasury Bond has become wider and wider. Therefore, local speculators began to short-sell Japanese yen on a large scale and borrow Japanese yen to buy arbitrage of U.S. bonds.</p><p>What about the common people?</p><p>The rise of prices has led to the rise of the cost of living and the weakening of consumption power, and the \"lost thirty years\" seem to be postponed again-the depreciation of the yen, which is considered \"conducive to the economy\" by the Bank of Japan, has never effectively boosted Japan's economic growth for many years, but has made it impossible for the Japanese economy to escape from the large-scale financial easing policy for more than ten years.</p><p>Thirty years ago, Yasushi Mie, then governor of the central bank, warned the government that a country must not survive by blowing economic bubbles, otherwise it will be a great harm to the country.</p><p>So shortly after he took office, Japan implemented a tight monetary policy, greatly raised lending rates, and took the initiative to burst the bubble. This hard landing plunged Japan into decades of depression, but it was often regarded as the decisive decision of \"a strong man breaking his wrist\" by later generations.</p><p>It's just that the front car has been overturned, and the latter is unknown.</p><p>Thirty years later, Japan still seems to be the same Japan.</p><p></body></html></p>","source":"lsy1639703443321","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>Behind Abe's assassination, how was Japan's economy \"lost\" for three decades?</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: 12.5px; color: #7E829C; margin: 0;}\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\">\nBehind Abe's assassination, how was Japan's economy \"lost\" for three decades?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">风暴眼工作室</strong><span class=\"h-time small\">2022-07-08 17:24</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>On July 8, the news of the shooting of former Japanese Prime Minister Shinzo Abe shocked the world.</p><p>According to CCTV, on the 8th local time, former Japanese Prime Minister Shinzo Abe was shot during a speech in Nara that morning. It is reported that Shinzo Abe is still conscious when he gets on the ambulance. At present, Shinzo Abe has no vital signs.</p><p>The exchange rate of Japanese yen was also affected. As of 11: 30 on July 8th, the loss of US dollar against Japanese yen widened to 0.47% at 135.37, and the yen appreciated.</p><p>Why did the yen suddenly appreciate when Abe was assassinated? Perhaps it has something to do with the \"Abenomics\" promoted by his power during his tenure. After Shinzo Abe took office at the end of 2012, he accelerated the implementation of a series of economic stimulus policies, the most noteworthy of which is the loose monetary policy, and the exchange rate of the yen began to depreciate at an accelerated rate.</p><p>Since the beginning of this year, the continuous decline of the Japanese yen exchange rate has become more obvious. On June 13th, the exchange rate of Japanese yen against the US dollar once fell below the 135 yen-to-US dollar mark, setting a new low in about 24 years. In more than a year since the beginning of 2021, the Japanese yen has depreciated sharply by more than 25% relative to the US dollar.</p><p><img src=\"https://static.tigerbbs.com/73ac608c7438fa9083c60e6af1c6dfd9\" tg-width=\"553\" tg-height=\"330\" referrerpolicy=\"no-referrer\"/></p><p>As a traditional safe-haven currency, it continued to fall sharply, causing Japanese bonds and yen assets to be sold off sharply.</p><p>While Bank of Japan Governor Haruhiko Kuroda reiterated his view that the BOJ must maintain its massive stimulus package to shore up the fragile economic recovery.</p><p>But for ordinary Japanese, it is questionable whether the fragile economic recovery needs to be supported by a sharp depreciation of the yen. After all, Japan, as a big importer, has an 88% dependence on foreign energy and a food self-sufficiency rate of only 37%. The rise in commodity prices brought by the depreciation of the yen will directly affect the lives of citizens.</p><p>Especially after so many years of sharp easing, Japan's average annual GDP growth rate has been less than 1% since the Japanese economy collapsed in 1990.</p><p>People lack confidence somewhat because they have broadened the real estate and prices, but they have not broadened the disposable income of residents. After the \"lost decade\", \"lost twenty years\" and \"lost thirty years\", Japan's loss is about to run to the time dimension of Atlantis.</p><p>In the fourth decade, will Japan be able to make a comeback?</p><p><b>Abe and his \"Abenomics\"</b></p><p>Although Shinzo Abe resigned as prime minister in August 2020, the sharp depreciation of the yen today is closely linked to his \"Abenomics\".</p><p>At the end of 2012, Shinzo Abe once again served as the Prime Minister of Japan, and then threw out the \"fighting for the economy\" route, which was hyped as \"Abenomics\" by the media.</p><p>The so-called \"Abenomics\" is a policy combination that solves Japan's economic problems through experimental monetary policy (QQE for short), active fiscal policy and economic structural reform. Including \"three strategies\":</p><p>First, the largest quantitative easing (QE) monetary policy in Japanese history was proposed, and the central bank purchased 7.5 trillion yen from Treasury Bond every month;</p><p>Second, breaking through the expansionary fiscal policy of the previous government's total budget of 70 trillion yen;</p><p>Third, a package of growth strategies including the Trans-Pacific Strategic Economic Partnership (TPP), deregulation to stimulate private investment and foster innovation.</p><p><img src=\"https://static.tigerbbs.com/79ef0cf1ad82f6f4d2dbd2d9e5cde013\" tg-width=\"553\" tg-height=\"375\" referrerpolicy=\"no-referrer\"/></p><p>Abenomics is the latest effort to address the continuing downturn in Japan's economy since the 1990s. So how effective is the implementation?</p><p>An analysis article of Global Macro Speculation pointed out that Abenomics is a great economic experiment. Japanese financiers and politicians break stereotypes and use a three-pronged approach of structural adjustment, fiscal and monetary policy to improve Japan's potential economic growth rate and overcome deflation. The first three years of the experiment were quite successful.</p><p>At the same time, the article also pointed out that \"Abenomics\" performed bleakly from 2016 to 2020. Under the impact of the COVID-19 pandemic, some of Abenomics' goals have been achieved, especially inflation expectations, yen exchange rate, real interest rate and stock price, etc. However, the potential output growth in the same period is not good, which proves that structural reform is not well advanced.</p><p>Zhang Jifeng, deputy director of the Institute of Japan Studies of the Chinese Academy of Social Sciences, believes that Abe's achievements in economic governance are obvious to everyone, but there are also serious problems. The most serious of these is the difficult financial situation, which has never changed.</p><p>Liu Yun, an associate researcher at the Northeast Asian Institute of China Institute of Contemporary International Relations, believes that if we only look at Japan's GDP, there will be a misunderstanding that Abenomics is not very successful. However, if we look at it as a whole, the Japanese economy is an upward posture. For example, Japan's wages have increased and the profits of large enterprises have increased well, so the Japanese economic situation has improved.</p><p><b>'Lost' began in 1990</b></p><p>The original intention of \"Abenomics\" was to save Japan's persistently sluggish economy. The \"lost decade\" was first proposed when the Japanese stock market bubble burst in 1990.</p><p>More than a decade before the burst of the bubble that left Japan unable to recover, Japan had been a \"country of miracles\".</p><p>From the early labor-intensive enterprises such as cotton textile began to accumulate capital, and then later, with manufacturing as the core industry, actively expanded investment and introduced advanced foreign technologies, and quickly rebuilt the national industrial system from the postwar ruins.</p><p>By 1964, the Tokyo Olympic Games had become an important symbol connecting Japan's economic development and transformation. Due to the demand for steel in large-scale infrastructure construction and the demand for color TV at the opening of the Olympic Games, Japan's steel and electromechanical industries had flourished, and Japan had experienced a complete development stage from \"exchanging shirts for airplanes\" to \"Made in Japan\".</p><p><img src=\"https://static.tigerbbs.com/0d0a4f35b86afc5382004806076b2487\" tg-width=\"528\" tg-height=\"323\" referrerpolicy=\"no-referrer\"/></p><p>In 1965, Japanese steel exports to the United States accounted for half of all U.S. imports, and in 1968, Japan became the world's second largest economy after the United States.</p><p>At the same time, Japanese firmly grasped the new generation of industrial revolution. Automobile, steel, telecommunications, semiconductors and pharmaceuticals fully dominated the U.S. market, and Hitachi, NEC, Fujitsu, Mitsubishi and Toshiba joined forces.</p><p>In the successive trade deficit of the United States with Japan that year, the industrial giants suffered losses year after year, and Intel was even on the verge of bankruptcy.</p><p>Beaten up by Japanese goods, the United States has launched a trade war that now looks familiar to Chinese people.</p><p>Starting in 1981, Japanese cars sold worldwide began to be heavily taxed by the United States and restricted on export quotas.</p><p>At the same time, the United States has imposed 100% tariffs on Japanese high-tech products such as computers and televisions on the grounds that Japan has \"dumping behavior\". Japanese semiconductors are subject to a lower export price limit, and Japanese chips are subject to 100% punitive tariffs.</p><p><img src=\"https://static.tigerbbs.com/2325f7d267568d30d4ad4c0f6022d74e\" tg-width=\"528\" tg-height=\"326\" referrerpolicy=\"no-referrer\"/></p><p>U.S. lawmakers smash Japanese products live</p><p>In addition, executives of Japanese enterprises were arrested in the name of \"industrial espionage\", and Japan was accused by the United States of being a \"currency manipulator\", stealing intellectual property rights from the United States, and was required to increase imports of American agricultural products, cancel trade terms that were unfavorable to foreign enterprises, and let Japan impose voluntary export restrictions in textile, steel, television and machine tool industries, while transferring factories and upgrading industries...</p><p>While constantly accusing Japan of supporting industrial policies through the state, the United States introduced a new trade law in 1988, using the \"Super 301\" clause-blatantly legislating to interfere with Japan's industrial and trade policies, forcing Japan to carry out institutional reform.</p><p>In 1989, Japan and the United States began negotiations on the \"Japan-US Structural Agreement\", which negotiated economic policies, institutions and corporate behaviors, which prompted Japan to carry out open reforms in circulation system and business practices: for example, taking housing as a strategic industry and further opening up the circulation system; Further open up the domestic market and reorganize the import and export system in accordance with the principle of free trade.</p><p>As of 1989, the U.S. Trade Representative had launched a total of 24 Section 301 investigations into Japan, almost all of which had been conceded by the Japanese government.</p><p>At the same time, the yen was forced to appreciate sharply against the dollar due to the \"Plaza Agreement\" reached by the United States, Japan, the Federal Republic of Germany, France and the United Kingdom in 1985. After \"Black Monday\" in October 1987, the yen appreciated to 120 yen/dollar, an increase of 90% in 1988.</p><p><img src=\"https://static.tigerbbs.com/12ab4dd9acfe04f8aab569cb046a73ff\" tg-width=\"528\" tg-height=\"337\" referrerpolicy=\"no-referrer\"/></p><p>Plaza Agreement Signing Site</p><p>The sharply appreciated yen has dealt a devastating blow to Japan, which is mainly an export-oriented economy. The production cost has risen sharply, and high-quality enterprises have begun to flee overseas. In order to cope with the exchange rate crisis, the Japanese government has begun to cut interest rates sharply, hoping to \"send money\" so that enterprises can invest in factories at low cost.</p><p>In fact, due to the long industrial return cycle, a large amount of Japanese yen lent at low interest rate has not been invested in the real economy, and the abundant liquidity of the money market began to flow into the housing market, stock market and luxury goods market with the \"strong\" sharp appreciation of the yen after the Plaza Accord.</p><p>Since 1986, Japan's rapidly expanding economic prosperity has been called the \"Heisei boom\". At the end of 1985, the Nikkei 225 stock price index closed at 13,083 points and at the end of 1989, it closed at 38,916 points. In the past four years, the Nikkei 225 index has risen by 197.45%, and the total stock market value has continued to expand to 896 trillion yen, accounting for 60% of Japan's GDP that year.</p><p><img src=\"https://static.tigerbbs.com/9f5d38582a2e3123322a61e5b005f13f\" tg-width=\"528\" tg-height=\"312\" referrerpolicy=\"no-referrer\"/></p><p>The streets of Japan in the 80s</p><p>The land price in Tokyo is soaring, and the land price of the Japanese emperor's Tokyo Imperial Palace exceeds the land valuation of the whole France; Even if a 10,000 yen note is thrown on the ground in the Ginza area, you can't buy the small piece of land it covers.</p><p>At the same time, the Japanese became the world's largest consumer of luxury goods, sweeping watch stores, jewelry stores and wine wineries around the world. Foreign banks and securities companies were weak in counting money in the Japanese market.</p><p>After a large number of stock index short-selling options, which completely deviate from economic reality, it erupts when the bubble expands to the extreme.</p><p>In October 1990, Japan's five-year bull market ended, and the stock market plunged 63.24%, creating the largest decline in Japanese stock market history. The following year, the property market plunged 65%, bankrupt businesses emerged, the number of unemployed people surged, and the wealth of the whole country shrank by nearly 50%.</p><p>At the same time, the short-term sharp recession made countless ordinary people who had no time to get out \"trapped\" by various capital investment targets, and an economic reshuffle made the wealth of the whole society transfer to at least a few winners.</p><p>Since then, the Japanese economy has begun to be in a long-term downturn.</p><p>The Nikkei Average dropped by more than 82% from an all-time high of 38,957 on December 29, 1989 to a low of 6,994.9 on October 29, 2008. The Nikkei Average still hovered around 10,000 points for the next four years.</p><p>That is, since the late 1990s, the \"lost decade\" of Japan's economy began to appear in the newspapers, and the problem has not been solved so far.</p><p><img src=\"https://static.tigerbbs.com/ced67142e550e77f5f84c394cba59c8d\" tg-width=\"528\" tg-height=\"383\" referrerpolicy=\"no-referrer\"/></p><p><b>What exactly has Japan lost in thirty years?</b></p><p>In 2010, because the Japanese economy is still not improving, the media began to raise the \"lost twenty years\" of the Japanese economy.</p><p>In fact, \"twenty years\" is still not the end of Japan's economic decline. Since the highest closing point of the Nikkei 225 index in history at 38957, it has gone down all the way since then, falling to less than 10,000 points many times during this period, and it didn't stop falling until 2017.</p><p>At the close of trading on July 7, 2022, the Nikkei 225 Index closed at 26,490.53 points, still more than 10,000 points short of its peak.</p><p>The \"Plaza Accord\", which allowed the yen to appreciate sharply, is considered by many to be the root cause of the Great Depression triggered by Japan's bubble economy.</p><p>But the criticism of the Plaza Accord is not unanimous in the analysis of the Great Depression. Toyo Yokuten, the former deputy minister of the Ministry of Treasury of Japan, even personally came forward to refute this view.</p><p>Because from 1985 to 1990, with overseas investment under the strong yen, Japan's overseas net assets rose from more than 1 trillion dollars to more than 3 trillion dollars, which is the so-called \"there is another Japan besides Japan\"- -</p><p>While the yen has appreciated by 300% in 10 years, it is a huge increase in production costs and labor costs. In order to maintain their competitiveness, a large number of Japanese enterprises have to look overseas, which makes Japanese enterprises' capital outflow rapidly.</p><p>The rapidly appreciating yen and the increasingly anxious Japan-US trade war have also contributed to this outflow-the strong yen facilitates Japanese companies to invest in overseas companies, and at the same time, building factories abroad can bypass US sanctions on \"Made in Japan\".</p><p>From 1985 to 1990, Japanese enterprises carried out a total of 21 giant overseas mergers and acquisitions worth more than 50 billion yen.</p><p>In 1989, Mitsubishi bought the Rockefeller Center for $1.4 billion, Panasonic bought Universal Pictures for $6 billion, and Sony bought Columbia Pictures for $3.4 billion-including the Spider-Man copyright that Marvel has not recovered now;</p><p>The Japanese even have the ambition to buy the United States as \"the 41st prefecture of Japan\". Why does the city look so like Tokyo from the 70th floor of the InterContinental Hotel in Los Angeles?</p><p>Because the Japanese bought half of the property here back then.</p><p><img src=\"https://static.tigerbbs.com/6420f38680bf983f828177b00418e180\" tg-width=\"528\" tg-height=\"375\" referrerpolicy=\"no-referrer\"/></p><p>Some Japanese believe that Japan will become the next \"superpower\" and that the government will lead the people to \"end the American era,\" wrote Kanji Ito, a Japanese scholar in \"Across the Pacific Fury.\"</p><p>It is just that these properties belong to giant enterprises, consortia, speculators and wealthy foreign businessmen, but they alone do not belong to the Japanese people.</p><p>In 2020, Sankei Shimbun reported that the revenue of Japanese overseas local legal entities has increased by 220% in the past 20 years, while according to OECD statistics, Japan's per capita purchasing power level in 2020 was only $39,000, an increase of only 4% compared with 1990.</p><p><b>Income unchanged for thirty years</b></p><p>After 1900, investment activity in Japan came to an abrupt halt.</p><p>Banks go bankrupt, factories close down, mortgage disaster, and banks full of non-performing assets have to merge and reorganize; The sharp rise in production costs has caused a large number of enterprises to close down, and the worst is that ordinary people are laid off in the tide of bankruptcy, their lifelong savings are volatilized in the bubble crisis, and they have to carry heavy mortgage loans.</p><p>After the collapse of lifelong employment system and annual merit sequence, they worked overtime desperately in order to keep their jobs. Although the \"social animal\" culture was not born in Japan's bubble crisis, it was solidified after that-accepting the squeeze of competition and production efficiency has become the most helpless choice for Japanese migrant workers.</p><p>But the flood of social development has propelled the Japanese forward, but it has failed to give them the reward they deserve.</p><p><img src=\"https://static.tigerbbs.com/11648f82b27132391bb1a6cef2c3432a\" tg-width=\"528\" tg-height=\"296\" referrerpolicy=\"no-referrer\"/></p><p>In February 2021, Japan's Ministry of Health, Labor and Welfare released the \"Hardworking Statistics Survey\", which showed that Japan's per capita monthly salary in 2020 was 318,299 yen, or about 19,600 yuan, a year-on-year decrease of 1.2% and the largest decline in 12 years.</p><p>This figure was about 350,000 yuan in 1990. At that time, the average annual income of Japanese was 4.25 million yen. Based on the exchange rate at that time, the monthly salary was about 11,600 yuan.</p><p>The average annual income of \"standing still\" for 30 consecutive years has become the most violent \"contraceptive pill\" in Japan.</p><p><b>2. Irreversible aging</b></p><p>In 2020, Japan's total population ranked 11th in the world, falling out of the top 10 for the first time since 1950. From 1974 to 2020, Japan's birth rate dropped from 1.86% to 0.67%, and it began falling into 13 consecutive years of negative population growth around 2008.</p><p>At the same time, the population of the elderly aged 65 and over in Japan reached 36.4 million, accounting for 29.1% of the total population.</p><p>Low births and aging leads to a serious labor supply shortage and a slowdown in labor productivity growth in Japan, which in turn leads to a sustained slowdown in economic growth:</p><p>\"From 1961 to 2020, the growth rate of Japan's working-age population and labor productivity basically changed synchronously with the economic trend. From 1961 to 1975, the average growth rate of Japan's working-age population remained at a high level of 1.6%, the growth rate of labor productivity reached a peak of 8.4%, and the average growth rate of real GDP also remained at a high level of 7.7%; From 1976 to 1988, the working-age population and labor productivity maintained a low growth rate of 0.9% and 3.7% respectively, and the real GDP growth rate also dropped to 4.4%; From 1989 to 2020, the growth rates of working-age population and labor productivity dropped sharply from 0.9% and 4.4% to-0.8% and 1.1% respectively, and the real GDP growth rate dropped from 5.4% to-4.4%. \"</p><p>With the decline of the working population and the continuous reduction of tax revenue, the expenses such as pensions are expanding rapidly. Since 1990, the number of people living on pensions has been five times that of taxpayers.</p><p><img src=\"https://static.tigerbbs.com/8c92a0dfa8f71abcdb41b554124294a7\" tg-width=\"528\" tg-height=\"302\" referrerpolicy=\"no-referrer\"/></p><p>In 2004, Japan launched the pension reform, raising taxes by 0.354% every year. By 2017, the pension paid by taxpayers had accounted for 18.3% of personal annual income, which became a heavy burden on the Japanese people.</p><p>Japan's human development index (which measures per capita GDP, education, and health care) fell from first in the world in 1990 to 19th in the world in 2020.</p><p>At the same time, Japanese young people have a negative attitude towards life, low material desire and lack of motivation to struggle due to the expected decline in income, resulting in the \"hibernation\". According to the definition of the Ministry of Health, Labor and Welfare of Japan, hibernate people are people who stay at home for more than 6 months and almost cut off contact with the outside world. According to the data of the Survey on Living Conditions of the Cabinet Office of Japan, there are 541,000 hibernate people aged 15-39 and 40-64, respectively.</p><p>The consumption and house purchase demand of the elderly are far lower than those of young people, and young people seriously lack consumption desire, which makes it difficult to greatly increase the total consumption, and Japan has fallen into a \"low desire society\".</p><p><b>3. Lifelong QE, but always weak</b></p><p>In 2021, Japan dropped from the \"5 prefix\" with a total GDP of 4,937.4 billion US dollars, but it is still an economic power that is proud of Europe and ranks as the third largest economy in the world, and it seems not bad.</p><p>But in fact, Japan's GDP reached $5.55 trillion in 1995. At that time, the ratio of Japan's GDP to the GDP of the United States was 71.34%. In 2021, this ratio became 21.46%.</p><p><img src=\"https://static.tigerbbs.com/0823be1f503a8cdff0d86e9ba57b90cf\" tg-width=\"528\" tg-height=\"231\" referrerpolicy=\"no-referrer\"/></p><p>Compared with its past glory, Japan is indeed somewhat embarrassed today.</p><p>At the same time, Japan's macro leverage ratio is also leading the world. According to the latest data from the Bank for International Settlements (BIS), at the end of the second quarter of 2021, the macro leverage ratio of various countries was 286.2% in the United States and 284.3% in the euro zone, while it was 416.5% in Japan.</p><p>The huge scale of the debt comes from Japan's decades-long quantitative easing.</p><p>quantitative easing is an innovation in Japan's financial field.</p><p>In 1998, the central bank of the Bank of Japan began to implement the zero interest rate and quantitative easing policy for the first time, that is, the regulation of economic activity through control of the supply of currency.</p><p>In 2013, Bank of Japan Governor Haruhiko Kuroda launched a monetary policy stimulus plan to boost inflation.</p><p>Since 2013, the yen has continued to depreciate against the US dollar, and exports have achieved a substantial increase; At the same time, Japan's benchmark interest rate has been going down all the way, and the 10-year Treasury Bond interest rate even dropped to a negative number in 2016.</p><p>At the same time, the Bank of Japan began to purchase ETFs (exchange-traded funds) on a large scale, with an average annual ETF purchase scale of nearly 4 trillion yen. By 2021, the stocks held by the Bank of Japan will account for more than 80% of stock ETFs and more than 5% of the total market value of Tokyo Stock Exchange.</p><p>Although the Nikkei 225 index has strengthened all the way from around 8,000 points in 2012, and even broke the 30,000 point mark in February 2021, it still seems to be a bubble boom in a mirror, because the huge amount of base money injected by the Bank of Japan has neither driven up inflation nor economic growth.</p><p>In terms of economic structure, except for core basic raw materials, Japan still maintains its barrier advantage, and almost all other industries are stagnant. The markets of automobile, shipbuilding, machine tools and electronic industries are all being divided by the United States, China, South Korea and other countries, and few achievements have been made in emerging industries.</p><p>At present, there are only 6 unicorn companies in Japan, which are significantly behind the 554, 180, 64, 43 and 26 companies in the United States, China, India, Britain and Germany, and their valuations are all less than $2 billion.</p><p>At the same time, Japan's debt expanded sharply. As of the end of December 2021, Japan's national debt, comprising Treasury Bond, borrowings and short-term government securities, reached 1,218.4 trillion yen, and the per capita debt of Japanese nationals was approximately 9.71 million yen, or approximately 534,573 yuan.</p><p>However, at a time when the central banks of the United States, Britain and Europe have all begun to tighten, the Bank of Japan has still not changed its loose monetary policy.</p><p><b>\"Against the Market\" Loose, Unlimited Money Printing, Japanese Yen Falling Streak</b></p><p>The yen's losing streak began in March.</p><p>After the Fed's rate hike landed in March and released the signal that it would increase the magnitude of rate hike and accelerate the shrinking balance sheet in the future, both Britain and Europe began to accelerate the tightening of monetary policy, but the Bank of Japan did the opposite and insisted on maintaining the quantitative easing policy.</p><p>On March 28th, the Bank of Japan issued a press release announcing that it would launch the \"continuous designated price market operation\" measure to curb the rise of interest rates from March 29th to 31st, that is, to purchase unlimited public bonds from private financial institutions at the designated interest rate.</p><p>On the same day, the Japanese yen exchange rate plunged by 1.38%.</p><p>On April 20th, less than a month later, the Bank of Japan announced the unlimited purchase of 10-year Treasury Bond to defend the 0.25% yield ceiling of 10-year Japanese Treasury Bond, which once again pushed the depreciation of the yen.</p><p>Some experts believe that because the depreciation of the yen is conducive to Japan's export-oriented economy, the Bank of Japan has always regarded the loose monetary environment as an important means to boost market expectations, especially at the moment when it has just entered the new fiscal year, it is more difficult for the Bank of Japan to tighten its monetary policy.</p><p>But can easing save the Japanese economy?</p><p>In fact, Japan's trade structure is not stable. Since the Abe administration took office and introduced the unlimited stimulus policy, the total export volume has declined continuously from 2012 to 2015, and only 2016 and 2017 maintained a trade surplus.</p><p><img src=\"https://static.tigerbbs.com/2b2490580bd25519041d5aef1bb5c3c0\" tg-width=\"525\" tg-height=\"263\" referrerpolicy=\"no-referrer\"/></p><p>Recently, the global price of crude oil and raw materials has soared, and the depreciation of the yen has raised the cost of Japanese enterprises and broadened the channels of imported inflation. At the same time, according to the data of \"Value-added Trade Statistics\" released by OECD, the added value created in Japan has dropped from 94% in 1995 to 83% in 2018, a decrease of 11%. Japan's related high value-added products and services have become increasingly difficult to offset its rising production costs.</p><p>The only benefit is Japanese local speculators. With the sharp landing of the Federal Reserve, the yield of U.S. bonds continues to soar, and the spread between the U.S. and Japan in Treasury Bond has become wider and wider. Therefore, local speculators began to short-sell Japanese yen on a large scale and borrow Japanese yen to buy arbitrage of U.S. bonds.</p><p>What about the common people?</p><p>The rise of prices has led to the rise of the cost of living and the weakening of consumption power, and the \"lost thirty years\" seem to be postponed again-the depreciation of the yen, which is considered \"conducive to the economy\" by the Bank of Japan, has never effectively boosted Japan's economic growth for many years, but has made it impossible for the Japanese economy to escape from the large-scale financial easing policy for more than ten years.</p><p>Thirty years ago, Yasushi Mie, then governor of the central bank, warned the government that a country must not survive by blowing economic bubbles, otherwise it will be a great harm to the country.</p><p>So shortly after he took office, Japan implemented a tight monetary policy, greatly raised lending rates, and took the initiative to burst the bubble. This hard landing plunged Japan into decades of depression, but it was often regarded as the decisive decision of \"a strong man breaking his wrist\" by later generations.</p><p>It's just that the front car has been overturned, and the latter is unknown.</p><p>Thirty years later, Japan still seems to be the same Japan.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/vyE5FKltsfEpcN7v5P6r4w\">风暴眼工作室</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ab6491f7a764c5c5f68017952b8c2931","relate_stocks":{},"source_url":"https://mp.weixin.qq.com/s/vyE5FKltsfEpcN7v5P6r4w","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1172335974","content_text":"7月8日，日本前首相安倍晋三遭遇枪击的消息震惊全世界。据央视报道，当地时间8日，日本前首相安倍晋三当天上午在奈良发表演讲时中枪 。据悉，安倍晋三在上救护车时还有意识，目前安倍晋三已经没有生命体征。日元汇率也受到了影响，截至7月8日11：30，美元兑日元跌幅扩大至0.47%，报135.37，日元有所升值。安倍遇刺，日元为何会突然升值？或许与其任期内力主推动的“安倍经济学”有关。安倍晋三2012年底上台后加速实施的一系列刺激经济政策，最值得注目的就是宽松货币政策，日元汇率开始加速贬值。今年以来，日元汇率持续下跌态势更加明显。6月13日，日元兑美元汇率一度跌破135日元兑换1美元关口，创下约24年的新低。而从2021年初至今的一年多时间内，日元相对美元已经大幅贬值超过25%。作为传统避险货币持续大跌，让日债和日元资产开始被大幅抛售。虽然日本央行行长黑田东彦重申了他的观点，即日本央行必须维持其大规模刺激计划，以支撑脆弱的经济复苏。但对于普通日本人，脆弱的经济复苏是否需要用日元的大幅贬值来支撑还是值得商榷，毕竟日本作为一个进口大国，能源对外依存度高达88%，粮食自给率仅有37%。日元贬值带来的大宗商品价格抬升，将直接影响市民的生活。尤其是大幅宽松了这么多年，可从1990年日本经济崩溃以来，日本平均年GDP增长率不足1%。宽高了房产、宽起了物价，独独没有宽起来居民的可支配收入，人们多少缺乏点信心。在已经经历了“失落的十年”、\"失落的二十年\"、“失落的三十年”之后，日本的失落眼看着要奔向亚特兰蒂斯的那个时间维度去了。第四个十年，日本又是否能绝地翻盘呢？安倍和他的“安倍经济学”虽然安倍晋三在2020年8月就已经辞任首相，但日元如今的大幅贬值却和他的“安倍经济学”联系紧密。2012年底，安倍晋三再次担任日本首相，随即抛出“拼经济”路线，被媒体热炒为“安倍经济学”。所谓“安倍经济学”，是通过实验性质的货币政策(简称QQE)、积极财政政策和经济结构改革来解决日本经济问题的政策组合。包括“三大策略”：其一，提出日本史上最大规模的量化宽松（QE）货币政策，央行每月购买国债7.5万亿日元；其二，突破前任政府预算总额70万亿日元的扩张性财政政策；其三，囊括《跨太平洋战略经济伙伴协定》（TPP）、放松管制以唤起民间投资和促进创新等在内的一揽子增长战略。安倍经济学是为了解决1990年代以后日本经济不断低迷而做出的最新努力。那么实施效果如何呢？全球宏观投机的一篇分析文章指出，安倍经济学是一个伟大的经济实验，日本金融家和政治家打破成见，用结构调整、财政和货币政策三管齐下的方法提升日本潜在经济增长率，克服通货紧缩。实验的前三年，获得了相当成功。文章同时也指出，“安倍经济学”2016到2020年则表现暗淡。新冠疫情冲击下部分安倍经济学的目标得以实现，尤其是通胀预期、日元汇率、真实利率和股票价格等，但是同期的潜在产出成长并不佳，证明了结构改革推进不力。中国社会科学院日本研究所副所长张季风认为，安倍在经济治理上的成绩大家有目共睹，但是也有较为严重的问题。其中最严重的问题就是财政状况困难，这个局面始终没有得到改变。中国现代国际关系研究院东北亚研究所副研究员刘云认为，若仅从日本GDP来看，会有所误解，认为安倍经济学不太成功。但如果从整体上看，日本经济是一个向上的姿态，例如日本的工资有增加、大企业利润增速不错，所以日本经济形势是有所好转的。“失落”始于1990“安倍经济学”的初衷是为了挽救日本持续低迷的经济。而“失落的十年”最早被提出，则是1990年日本股市泡沫破灭。在这场让日本一蹶不振的泡沫大破灭之前的十数年，日本曾是“缔造奇迹的国家”。从早期的棉纺织等劳动密集型企业开始积累资本，再到后来以制造业为核心产业，积极扩大投资、引进国外先进技术，从战后的废墟里迅速重建起本国的工业体系。到1964年，东京奥运会更是成为衔接日本经济发展转型的重要标志，由于大规模基建对钢铁的需求以及奥运会开幕对彩电的需求，日本的钢铁、机电行业蓬勃发展，日本经历了一个完整的“用衬衫换飞机”到“日本制造”的发展阶段。1965年，日本输出美国的钢铁占到了美国进口总量一半，1968年，日本成为了仅次美国的世界第二大经济体。与此同时，日本牢牢抓住了新一代的产业革命，汽车、钢铁、电信、半导体、制药全面制霸美国市场，日立、NEC、富士通、三菱和东芝群雄并起。而美国在当年对日的连年贸易赤字中，产业巨头们一片连年亏损，英特尔甚至一度濒临倒闭。在被日货打得找不着北的窘境之下，美国不顾脸面地发起了一场国人如今看起来很眼熟的贸易战——从1981年开始，行销全球的日系汽车开始被美国课以重税，并且在出口额度上被加以限制。同时，美国以日方“存在倾销行为”为由对日本的电脑、电视等高科技产品征收100%的关税，日本的半导体被设置出口价格下限、日本的芯片被征收100%惩罚性关税。美国议员直播砸碎日本产品此外，日系企业的高管被以“产业间谍罪”为名拘捕，日本被美国指责为“汇率操纵国”、从美国窃取知识产权，并被要求加大对美国农产品的进口力度、取消对外企不利的贸易条款、让日本在纺织品、钢铁、电视和机床等行业都实行自愿出口限制，同时进行工厂转移和产业升级……在不断指责日本通过国家扶持产业政策的同时，美国却在1988年出台新的贸易法，启用“超级301”条款——公然立法干预日本的产业与贸易政策，迫使日本进行制度性改革。1989年日美开始“日美结构协议”谈判，就经济政策、制度及企业行为等进行磋商，促使日本在流通体制、商业惯例等方面进行开放性改革：例如把住房作为战略性产业，进一步开放流通体制；进一步开放国内市场，按照自由贸易的原则重组进出口体制。截至1989年，美国贸易代表总计向日本发起了24例301条款案件调查，几乎全部由日本政府做出了让步。同时，由于1985年美国、日本、联邦德国、法国和英国达成的“广场协议”，日元兑美元汇率被迫大幅升值。1987年10月的“黑色星期一”之后，日元升值到120日元/美元，1988年度升幅高达90%。广场协议签订现场大幅升值的日元对以出口型经济为主的日本造成了毁灭性的打击，生产成本急剧上涨、优质企业开始逃向海外，为了应对汇率危机，日本政府开始大幅降息，寄希望于“发钱”让企业可以低成本去投资办厂。可实际上，由于实业回报周期过长，低利率贷出大量的日元并没有被投入到到实体经济，货币市场的充裕流动性，随着日元在广场协议后大幅升值的“强势”开始大量流入房市、股市以及奢侈品市场。1986 年开始，日本飞速膨胀的经济繁荣被称为“平成景气”，1985年末日经225股价指数收于13083点， 1989年末收于38916点，四年间日经225指数累计上涨197.45%，并且股票总市值继续膨胀至896万亿日元，占日本当年国民生产总值的60%。80年代的日本街头东京的地价则是坐地飞升，日本天皇的东京皇居土地价格就超过了整个法国的土地估价；银座地区一张1万日元的纸币扔在地上，也买不到它所覆盖的那一小片土地。同时，日本人成了全球最大的奢侈品消费国，他们横扫全球的手表店、珠宝店以及红酒酒庄，外资银行与证券公司在日本市场数钱数到手软。与经济现实完全背离的大批股指沽空期权之后，是泡沫膨胀到极致时爆发。1990年10月，日本长达5年的牛市结束，股市暴跌63.24%，创造了日本股市历史上最大的下跌幅度。次年，楼市暴跌65%，破产企业层出不穷，失业人群人数激增，整个国家财富缩水了近50%。同时，短期的大幅衰退让无数来不及抽身的普通人被各项资本投资标的物“套牢”，一场经济大洗牌让全社会的财富被转移至少数赢家手中。此后，日本经济开始长期处于低迷状态。日经平均指数由1989年12月29日历史高位38957，到2008年10月29日最低6994.9，累积跌幅逾82%，其后4年日经平均指数仍然始终徘徊在10,000点左右。也就是从90年代末开始，日本经济“失去的十年””开始不断见诸报端，并至今难题未解。三十年里，日本具体失去了什么？2010年，由于日本经济仍无起色，媒体开始提出日本经济“失去的二十年”。实际上，“二十年”依旧不是日本经济颓靡的终点。自38957的日经225指数历史最高收盘点位开始算起，此后一路下行，期间多次跌至1万点一下，直至2017年才止跌。2022年7月7日收盘，日经225指数收盘报26490.53点，距其最高点仍有一万多点的差距。那个让日元急剧升值的“广场协议”，被许多人认为是日本泡沫经济引发大萧条的根源。但对于这次大萧条的分析中，对于广场协议的批判并不是一致的。原日本大藏省副相行天丰雄甚至亲自出面驳斥过这一观点。因为在1985年~1990年，借强势日元下的海外投资，日本海外净资产从1万多亿美元上升到3万多亿美元，也就是所谓的“日本之外，还有一个日本”——日元10年升值300%的同时，是生产成本与人力成本的巨幅抬升。为了保持自己的竞争力，大量日企不得不将目光投向海外，这使得日企资本急速外流。升值迅速的日元与日渐焦灼的日美贸易战也助推了这一外流——强势的日元方便日企投资收购海外企业，同时在外建厂可以绕开美国对“日本制造”的制裁。从1985年到1990年，日本企业总共进行了21起500亿日元以上的巨型海外并购案。1989年，三菱公司14亿美元买下的洛克菲勒中心、松下60亿美元买下的美国环球影业、索尼公司以34亿美元买下哥伦比亚影片公司——其中包括漫威如今都没能收回的蜘蛛侠版权；日本人甚至雄心壮志地要将美国买成“日本的第四十一个县”，为什么从洛杉矶洲际酒店70楼看去的城市那么像东京？因为当年日本人买下了这里一半的地产。日本学者伊藤感在《横跨太平洋的愤怒》中写到，一些日本人相信日本会成为下一个\"超级大国\"，政府会带领民众\"终结美国的时代\"。只是这些地产，属于巨企、属于财团、属于投机者、属于外籍富商，但独独不属于日本的人民。2020年《产经新闻》报道，日本海外当地法人的营收在近20年内增长了220%，而按照OECD的统计数据，日本2020年的人均购买力水平仅为3.9万美元，比1990年仅增长了4%。1、三十年不动的收入1900年以后，日本的投资活动戛然而止。银行破产、工厂倒闭、房贷成灾，充斥着不良资产的银行不得不合并重组；剧烈抬升的生产成本让企业大批倒闭，最惨的还是普通人——在倒闭潮中被裁员、一辈子的积蓄在泡沫危机中挥发、还要背上沉重的房贷。而在终身雇佣制和年功序列崩解后，为了保住工作而拼命加班，“社畜”文化虽然不诞生于日本的泡沫危机，但却在这之后得到了固化——接受竞争和生产效率至上的齿轮对自己的压榨，成了日本打工人最无奈的选择。但社会发展的洪流推进着日本人前进，却没能给他们应有的回报。2021年2月，日本厚生劳动省发布的“勤劳统计调查”显示，日本2020年的人均月薪为31万8299日元，约合1.96万元人民币，同比减少1.2%，创下12年以来最大降幅。而这一数字在1990年时是35万元左右，当时的日本人平均年收入是425万日元，以当时的汇率计算，月薪约合1.16万人民币。连续30年“原地踏步”的平均年收入，成了日本最猛烈的“避孕药”。2、难以逆转的老龄化2020年，日本总人口居世界11位，是1950年以来首次跌出前十。从1974到2020年，日本出生率由1.86%降至0.67%，在2008年左右开始陷入连续13年的人口负增长。同时，日本65岁及以上老年人口达3640万，在总人口中所占比例达29.1%。少子老龄化，导致日本陷入严重的劳动力供给不足、劳动生产率增速趋缓，进而使经济增速持续放缓：“1961-2020年日本劳动年龄人口增速、劳动生产率增速与经济走势基本同步变化。伴随1961-1975年日本劳动年龄人口平均增速维持在1.6%的高位、劳动生产率增速达到8.4%峰值，实际GDP平均增速也维持在7.7%的高位；1976-1988年劳动年龄人口、劳动生产率分别维持0.9%、3.7%的低速增长，实际GDP增速也降至4.4%；1989-2020年劳动年龄人口、劳动生产率增速分别从0.9%、4.4%大幅降至-0.8%、1.1%，实际GDP增速从5.4%降至-4.4%。”在劳动人口下降，税收不断减少的情况下，需要支出的养老金等费用却在急速扩大，自1990年起，依附养老金生活的人数已经是纳税人的5倍。2004年日本启动了养老金改革，每年以0.354%的涨幅提高税收，到2017年纳税人缴纳的养老金已占到个人年收入的18.3%，成了日本民众沉重的负担。日本人类发展指数的排名（测量人均GDP，教育，以及医疗），则从1990年的世界第一掉落至2020年的世界第十九。同时，日本年轻人因预期收入下降而形成的生活态度消极、物质欲望低下、缺乏奋斗动力的风气，由此产生“蛰居族”。根据日本厚生劳动省定义，蛰居族为持续6个月以上待在家里不出门，几乎和外界断绝联系的人群，根据日本内阁府《生活状况相关调查》数据，15-39岁、40-64岁人口蛰居族分别达54.1、61.3万人。老年人的消费和购房需求远低于年轻人，年轻人又严重缺乏消费欲望，使得总消费难以大幅提升，日本陷入“低欲望社会”。3、终身QE，却始终乏力2021年，日本以49374亿美元的GDP总量跌下“5字头”，但依旧是傲视欧洲，名列世界第三大经济体的经济大国，看起来似乎并不差。但实际上，日本1995年GDP就已经达到了5.55万亿美元，当时日本GDP与美国GDP的比率是71.34%，2021年，这个比率变成了21.46%。与过往的辉煌相比，如今的日本确实有些困窘。同时，日本的宏观杠杆率也在全球领先。国际清算银行（BIS）最新数据显示，2021 年二季度末，各国宏观杠杆率中美国为286.2%、欧元区为284.3%，而日本为416.5%。庞大的债务规模来源于日本数十年的量化宽松。量化宽松，是日本在融领域的一个创新。1998年，日本央行本央行第一次开始实行零利率和量化宽松政策，即通过对通货供应量的控制来调节经济活动。2013年，日本央行行长黑田东彦推出提振通胀的货币政策刺激计划。从2013年开始，日元兑美元持续贬值，出口实现了较大幅度增长；同时日本基准利率一路下行，十年期国债利率在2016年甚至下降至负数。同时日本央行开始大规模购入ETF(交易所交易基金)，年均ETF购买规模接近4万亿日元，到2021年，日本央行持有股票占股票ETF的80%以上，占东京证券交易所总市值的5%以上。虽然日经225指数从2012年的八千点附近，一路走强，在2021年2月甚至突破了三万点大关，但这似乎仍然是一场镜花水月的泡沫化繁荣，因为日本央行注入的巨量基础货币既没有拉高通胀率，也没有拉动经济增长。经济结构上，日本除核心基础原材料依然保持壁垒优势，其他产业几乎都在裹足不前。汽车、造船、机床、电子产业的市场都在被美、中、韩等国瓜分，新兴产业上更是少有建树。目前日本独角兽企业数量仅6家，大幅落后于美、中、印、英、德、的554、180、64、43、26家，且估值均小于20亿美元。同时，日本的债务急剧扩张，截至2021年12月底，由国债、借款及政府短期证券构成的日本国家债务达到1218.4万亿日元，日本国民人均负债约为971万日元，约合人民币53万4573元。但在美、英、欧等央行均已开始紧缩步伐的当下，日本央行却仍旧未改变宽松的货币政策。“逆市”宽松、无限量印钞、日元连跌日元的连跌始于3月份。在3月美联储加息落地，并释放后续将加大加息幅度和加快缩表的信号后，英、欧均开始加速收紧货币政策，但日本央行却反其道而行之，坚持维持量化宽松政策。3 月 28 日，日本央行发布新闻稿宣布，将在3月 29-31 日间，发动抑制利率上升的“连续性指定价格市场操作”措施，即以指定的利率，无限量从民间金融机构手中收购公债。当天，日元汇率重挫1.38％。4月20日，不到一个月的时间内日本央行又宣布无限量购买10年期国债，以捍卫10年期日本国债0.25%的收益率上限，再度推动了日元的贬值。有专家认为，由于日元贬值有利于日本以出口为导向的经济，日本央行一直将宽松的货币环境作为提振市场预期的重要手段，尤其是在刚刚进入新财年的当下，日本央行更难有可能收紧货币政策。但宽松能挽救日本经济吗？实际上，日本贸易结构并不稳定，自安倍政府上台推出无限刺激政策后，出口总额在2012~2015年连续下降，仅2016、2017年两年保持了贸易顺差状态。近期全球原油和原材料价格飙升，日元贬值更是抬高了日本企业的成本，拓宽了输入型通胀的渠道。同时，根据OECD发布的“附加值贸易统计”数据显示，日本国内创造的附加值已经从1995年的94％降至2018年的83％，降低了11％，日本相关高附加值产品和服务已经越来越难抵消其不断提升的生产成本。唯一得益的，是日本本土的投机者们，随着美联储大幅落地，美债收益率持续飙涨，美日国债利差已经越来越大，于是本土的投机者们开始大规模沽空日元，借日元买美债的套利。对于老百姓来说呢？物价提升导致生活成本上升、消费力削弱，“失落的三十年”似乎又要延期——被日本央行认定“有利于经济”的日元贬值，多年来从未有效提振过日本的经济增长，反而让日本经济十数年来无法从大规模金融缓和政策中脱出。三十年前，时任央行行长三重野康告诫政府：一个国家绝对不能靠吹经济泡沫生存，否则将是国家的大害。于是在他上台不久后日本就实行了紧缩性的货币政策，大幅度提高了贷款利率，主动刺破泡沫。这场硬着陆让日本陷入了数十年的萧条，却也常被后人视为“壮士断腕”的果决。只是前车已覆，后未知更。三十年过去，日本似乎还是那个日本。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1154,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9070069328,"gmtCreate":1656984521764,"gmtModify":1676535927042,"author":{"id":"4098771786575480","authorId":"4098771786575480","name":"Emi_WW","avatar":"https://community-static.tradeup.com/news/1ad793e17503a413c4f36974f7c5052c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098771786575480","idStr":"4098771786575480"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9070069328","repostId":"1119476715","repostType":4,"repost":{"id":"1119476715","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1656984078,"share":"https://ttm.financial/m/news/1119476715?lang=en_US&edition=fundamental","pubTime":"2022-07-05 09:21","market":"us","language":"zh","title":"Hong Kong stocks open | Hang Seng Index opens 1.02% higher, Hang Seng Technology Index rises 1.54%","url":"https://stock-news.laohu8.com/highlight/detail?id=1119476715","media":"老虎资讯综合","summary":"7月5日讯，隔夜美股休市，欧股涨跌不一。港股高开，恒指涨1.02%，国指涨1.24%，恒生科技指数涨1.54%。盘面上，大型科技股普涨，阿里巴巴涨约3%，美团、快手、百度、小米、京东均涨超1%；有色金","content":"<p><html><head></head><body>On July 5th, U.S. stocks were closed overnight, and European stocks were mixed. Hong Kong stocks opened higher, with the Hang Seng Index rising 1.02%, the State Index rising 1.24% and the Hang Seng Technology Index rising 1.54%.<img src=\"https://static.tigerbbs.com/8236cd34704b719e471771cf8724f0b6\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/>On the disk, large technology stocks rose generally,<a href=\"https://laohu8.com/S/09988\">Alibaba</a>About 3%, Meituan, Aauto Quicker,<a href=\"https://laohu8.com/S/09888\">Baidu</a>Millet,<a href=\"https://laohu8.com/S/09618\">Jingdong</a>Both rose by more than 1%; Non-ferrous metal stocks, gas stocks, sporting goods stocks and automobile industry chain stocks have risen one after another, and the net profit in the first half of the year is expected to double.<a href=\"https://laohu8.com/S/300748\">Jinli permanent magnet</a>It opened nearly 6% higher and performed better. Food and beverage stocks and education stocks, which were sluggish throughout the day yesterday, were partially higher. On the other hand, the trend of biomedical stocks that rose sharply yesterday differentiated, and tourism and film and television stocks fell significantly.<a href=\"https://laohu8.com/S/02391\">Tuya Intelligence</a>On the first day of listing, it opened 1.35% higher, with an issue price of HK$ 19.3/share.</p><p></body></html></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>Hong Kong stocks open | Hang Seng Index opens 1.02% higher, Hang Seng Technology Index rises 1.54%</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: 12.5px; color: #7E829C; margin: 0;}\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\">\nHong Kong stocks open | Hang Seng Index opens 1.02% higher, Hang Seng Technology Index rises 1.54%\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\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 smaller\">2022-07-05 09:21</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>On July 5th, U.S. stocks were closed overnight, and European stocks were mixed. Hong Kong stocks opened higher, with the Hang Seng Index rising 1.02%, the State Index rising 1.24% and the Hang Seng Technology Index rising 1.54%.<img src=\"https://static.tigerbbs.com/8236cd34704b719e471771cf8724f0b6\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/>On the disk, large technology stocks rose generally,<a href=\"https://laohu8.com/S/09988\">Alibaba</a>About 3%, Meituan, Aauto Quicker,<a href=\"https://laohu8.com/S/09888\">Baidu</a>Millet,<a href=\"https://laohu8.com/S/09618\">Jingdong</a>Both rose by more than 1%; Non-ferrous metal stocks, gas stocks, sporting goods stocks and automobile industry chain stocks have risen one after another, and the net profit in the first half of the year is expected to double.<a href=\"https://laohu8.com/S/300748\">Jinli permanent magnet</a>It opened nearly 6% higher and performed better. Food and beverage stocks and education stocks, which were sluggish throughout the day yesterday, were partially higher. On the other hand, the trend of biomedical stocks that rose sharply yesterday differentiated, and tourism and film and television stocks fell significantly.<a href=\"https://laohu8.com/S/02391\">Tuya Intelligence</a>On the first day of listing, it opened 1.35% higher, with an issue price of HK$ 19.3/share.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ff6e3231d788a5a6d28cf7965385cc7f","relate_stocks":{"513600":"恒生指数ETF南方","02833":"恒指ETF","HSI":"恒生指数","HSTECH":"恒生科技指数"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119476715","content_text":"7月5日讯，隔夜美股休市，欧股涨跌不一。港股高开，恒指涨1.02%，国指涨1.24%，恒生科技指数涨1.54%。盘面上，大型科技股普涨，阿里巴巴涨约3%，美团、快手、百度、小米、京东均涨超1%；有色金属股、燃气股、体育用品股、汽车产业链股纷纷上涨，上半年净利预增翻倍，金力永磁高开近6%表现较佳，昨日全天萎靡的餐饮股、教育股部分走高。另一方面，昨日大涨的生物医药股走势分化，旅游及影视股下跌明显。涂鸦智能上市首日高开1.35%，发行价19.3港元/股。","news_type":1,"symbols_score_info":{"513600":0.9,"HSImain":0.9,"MCHmain":0.9,"HSTECH":0.9,"HHImain":0.9,"HSI":0.9,"MHImain":0.9,"02833":0.9}},"isVote":1,"tweetType":1,"viewCount":1507,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9045499636,"gmtCreate":1656639507525,"gmtModify":1676535868958,"author":{"id":"4098771786575480","authorId":"4098771786575480","name":"Emi_WW","avatar":"https://community-static.tradeup.com/news/1ad793e17503a413c4f36974f7c5052c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098771786575480","idStr":"4098771786575480"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9045499636","repostId":"1112286268","repostType":4,"isVote":1,"tweetType":1,"viewCount":1052,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9045499960,"gmtCreate":1656639485950,"gmtModify":1676535868981,"author":{"id":"4098771786575480","authorId":"4098771786575480","name":"Emi_WW","avatar":"https://community-static.tradeup.com/news/1ad793e17503a413c4f36974f7c5052c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098771786575480","idStr":"4098771786575480"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9045499960","repostId":"1160228150","repostType":4,"isVote":1,"tweetType":1,"viewCount":1356,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9045407961,"gmtCreate":1656639359953,"gmtModify":1676535868895,"author":{"id":"4098771786575480","authorId":"4098771786575480","name":"Emi_WW","avatar":"https://community-static.tradeup.com/news/1ad793e17503a413c4f36974f7c5052c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098771786575480","idStr":"4098771786575480"},"themes":[],"htmlText":"👌","listText":"👌","text":"👌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9045407961","repostId":"1176657955","repostType":4,"repost":{"id":"1176657955","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1656487457,"share":"https://ttm.financial/m/news/1176657955?lang=en_US&edition=fundamental","pubTime":"2022-06-29 15:24","market":"hk","language":"zh","title":"Reminder: U.S. stocks will be closed on July 4 due to the U.S. Independence Day holiday","url":"https://stock-news.laohu8.com/highlight/detail?id=1176657955","media":"老虎资讯综合","summary":"请留意具体时间，提前安排好您的投资计划。","content":"<p><html><head></head><body>Dear Investors:</p><p>On the anniversary of the establishment of the Hong Kong Special Administrative Region (and the anniversary of the reunification of Hong Kong),<b>The Hong Kong stock market was closed for one day on Friday, July 1</b>。 In addition, due to the U.S. Independence Day holiday,<b>The U.S. stock market will be closed for one day on Monday, July 4</b>。 Keep an eye out for specific times to arrange your investment plans in advance.</p><p><img src=\"https://static.tigerbbs.com/b85335b584c40ee97169a866b3eb10b6\" tg-width=\"1080\" tg-height=\"1080\" referrerpolicy=\"no-referrer\"/></p><p>I wish you a smooth investment</p><p>Tiger Brokers</p><p><b>Market closure arrangement</b></p><p><b>U.S. stocks</b></p><p>The market will be closed on Monday, July 4th, and will open as usual from Tuesday, July 5th.</p><p><b>Hong Kong stock</b></p><p>The market will be closed on Friday, July 1st, and will open as usual from Monday, July 4th.</p><p><b>A Shares</b></p><p>Trading as usual.</p><p><b>Shanghai Stock Connect, Shenzhen Stock Connect</b></p><p>Not available from Thursday, June 30 to Friday, July 1 and open as usual from Monday, July 4.</p><p><b>Hong Kong Stock Connect</b></p><p>It will not be available on Friday, July 1, and will be open as usual from Monday, July 4.</p><p><b>Singapore Stock Market, Australian Market</b></p><p>Trading as usual.</p><p><b>Background Introduction</b></p><p><b>Anniversary of the establishment of the Hong Kong Special Administrative Region</b></p><p>And the anniversary of the handover of Hong Kong, which is celebrated on July 1st every year. On 1 July 1997, the government of the Hong Kong Special Administrative Region of the People's Republic of China was established. Since then, this day has become the anniversary of Hong Kong's handover.</p><p>2022 marks the 25th anniversary of Hong Kong's return to the motherland.</p><p><img src=\"https://static.tigerbbs.com/f228e2be416213ddd5f57b144bf15712\" tg-width=\"860\" tg-height=\"570\" referrerpolicy=\"no-referrer\"/></p><p><b>U.S. Independence Day</b></p><p>Independence Day (also known as Fourth of July or July Fourth) is one of the major statutory holidays in the United States and is dated on July 4 each year to commemorate the formal adoption of the Declaration of Independence by the Continental Congress in Philadelphia on July 4, 1776.</p><p></body></html></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>Reminder: U.S. stocks will be closed on July 4 due to the U.S. Independence Day holiday</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: 12.5px; color: #7E829C; margin: 0;}\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\">\nReminder: U.S. stocks will be closed on July 4 due to the U.S. Independence Day holiday\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\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 smaller\">2022-06-29 15:24</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Dear Investors:</p><p>On the anniversary of the establishment of the Hong Kong Special Administrative Region (and the anniversary of the reunification of Hong Kong),<b>The Hong Kong stock market was closed for one day on Friday, July 1</b>。 In addition, due to the U.S. Independence Day holiday,<b>The U.S. stock market will be closed for one day on Monday, July 4</b>。 Keep an eye out for specific times to arrange your investment plans in advance.</p><p><img src=\"https://static.tigerbbs.com/b85335b584c40ee97169a866b3eb10b6\" tg-width=\"1080\" tg-height=\"1080\" referrerpolicy=\"no-referrer\"/></p><p>I wish you a smooth investment</p><p>Tiger Brokers</p><p><b>Market closure arrangement</b></p><p><b>U.S. stocks</b></p><p>The market will be closed on Monday, July 4th, and will open as usual from Tuesday, July 5th.</p><p><b>Hong Kong stock</b></p><p>The market will be closed on Friday, July 1st, and will open as usual from Monday, July 4th.</p><p><b>A Shares</b></p><p>Trading as usual.</p><p><b>Shanghai Stock Connect, Shenzhen Stock Connect</b></p><p>Not available from Thursday, June 30 to Friday, July 1 and open as usual from Monday, July 4.</p><p><b>Hong Kong Stock Connect</b></p><p>It will not be available on Friday, July 1, and will be open as usual from Monday, July 4.</p><p><b>Singapore Stock Market, Australian Market</b></p><p>Trading as usual.</p><p><b>Background Introduction</b></p><p><b>Anniversary of the establishment of the Hong Kong Special Administrative Region</b></p><p>And the anniversary of the handover of Hong Kong, which is celebrated on July 1st every year. On 1 July 1997, the government of the Hong Kong Special Administrative Region of the People's Republic of China was established. Since then, this day has become the anniversary of Hong Kong's handover.</p><p>2022 marks the 25th anniversary of Hong Kong's return to the motherland.</p><p><img src=\"https://static.tigerbbs.com/f228e2be416213ddd5f57b144bf15712\" tg-width=\"860\" tg-height=\"570\" referrerpolicy=\"no-referrer\"/></p><p><b>U.S. Independence Day</b></p><p>Independence Day (also known as Fourth of July or July Fourth) is one of the major statutory holidays in the United States and is dated on July 4 each year to commemorate the formal adoption of the Declaration of Independence by the Continental Congress in Philadelphia on July 4, 1776.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3877d7f890a3e97cbb441a2ccfdf29da","relate_stocks":{".DJI":"道琼斯","HSI":"恒生指数"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176657955","content_text":"尊敬的投资者：因香港特别行政区成立纪念日（暨香港回归纪念日），港股市场于7月1日（周五）休市一天。此外，因美国独立日假期，美股市场将于7月4日（周一）休市一天。请留意具体时间，提前安排好您的投资计划。预祝投资顺利老虎证券休市安排美股7月4日（周一）休市，7月5日（周二）起照常开市。港股7月1日（周五）休市，7月4日（周一）起照常开市。A股照常交易。沪股通、深股通6月30日（周四）至7月1日（周五）不提供服务，7月4日（星期一）起照常开通。港股通7月1日（周五）不提供服务，7月4日（周一）起照常开通。新加坡股市、澳大利亚市场照常交易。背景介绍香港特别行政区成立纪念日暨香港回归纪念日，为每年的7月1日。1997年7月1日，中华人民共和国香港特别行政区政府成立。从此，这一天成为香港回归纪念日。2022年是香港回归祖国25周年。美国独立日独立日（Independence Day，又称Fourth of July或July Fourth）是美国的主要法定节日之一，日期为每年7月4日，以纪念1776年7月4日大陆会议在费城正式通过《独立宣言》。","news_type":1,"symbols_score_info":{"HSI":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":907,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9045404590,"gmtCreate":1656639339410,"gmtModify":1676535868881,"author":{"id":"4098771786575480","authorId":"4098771786575480","name":"Emi_WW","avatar":"https://community-static.tradeup.com/news/1ad793e17503a413c4f36974f7c5052c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098771786575480","idStr":"4098771786575480"},"themes":[],"htmlText":"👌","listText":"👌","text":"👌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9045404590","repostId":"1197380978","repostType":4,"isVote":1,"tweetType":1,"viewCount":1240,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9040465967,"gmtCreate":1655693379059,"gmtModify":1676535687073,"author":{"id":"4098771786575480","authorId":"4098771786575480","name":"Emi_WW","avatar":"https://community-static.tradeup.com/news/1ad793e17503a413c4f36974f7c5052c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098771786575480","idStr":"4098771786575480"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9040465967","repostId":"1194738832","repostType":4,"isVote":1,"tweetType":1,"viewCount":1918,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9040462469,"gmtCreate":1655693305951,"gmtModify":1676535687066,"author":{"id":"4098771786575480","authorId":"4098771786575480","name":"Emi_WW","avatar":"https://community-static.tradeup.com/news/1ad793e17503a413c4f36974f7c5052c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098771786575480","idStr":"4098771786575480"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9040462469","repostId":"1130766759","repostType":4,"repost":{"id":"1130766759","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1655260917,"share":"https://ttm.financial/m/news/1130766759?lang=en_US&edition=fundamental","pubTime":"2022-06-15 10:41","market":"us","language":"zh","title":"Reminder: U.S. stocks are closed for one day on June 20th due to the U.S. federal holiday Juneteenth","url":"https://stock-news.laohu8.com/highlight/detail?id=1130766759","media":"老虎资讯综合","summary":"这一节日是美国自1983年的“马丁·路德·金日”以来新增的第一个全国法定节日。","content":"<p><html><head></head><body>Dear Investors:</p><p><b>U.S. stocks will be closed on Monday, June 20</b>Since June 19 (Sunday) is a federal holiday in the United States (Juneteenth). It is worth mentioning that the holiday is rather \"young\" and was only legalized last year, the United States since \"Martin Luther King Day\" in 1983.<b>The first new national statutory holiday.</b></p><p><img src=\"https://static.tigerbbs.com/f29a163308823ba7a1941858fd5eec00\" tg-width=\"800\" tg-height=\"750\" referrerpolicy=\"no-referrer\"/></p><p>I wish you a smooth investment</p><p>Tiger Brokers</p><p><b>Market closure arrangement</b></p><p><b>U.S. stocks</b></p><p>The market will be closed on Monday, June 20th, and will open as usual from Tuesday, June 21st.</p><p><b>Hong Kong stocks, A shares, Singapore stock market, Australian market</b></p><p>Trading as usual.</p><p><b>Background Introduction</b></p><p>On June 17, 2021, U.S. President Joe Biden signed a decree designating June 19 each year as a national holiday to commemorate the end of slavery in the United States, with the holiday name \"Juneteenth,\" which is taken from the combination of June and Nineteenth. Chinese officials call the holiday \"Juneteenth\".</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/10ea0fb2e3d74348973bae50742d5fef\" tg-width=\"500\" tg-height=\"288\" referrerpolicy=\"no-referrer\"/><span>Biden with 'Juneteenth Grandmother' Opal Lee</span></p><p>Perhaps it is precisely because Juneteenth is very \"young\" that at this time last year, the US SEC (Securities and Exchange Commission) also had a \"disagreement\" with the US stock market because of this holiday:<b>The SEC is on holiday, while the NYSE and Nasdaq open as usual.</b>The SEC said: \"The exchange determines the operating status of federal holidays at its own discretion, and we understand that major markets operate during normal hours.\" The NYSE responded at the time that it would assess whether Juneteenth in 2022 would be closed for the holidays.</p><p>At present, it seems that such \"disagreements\" will not be repeated this year.</p><p><img src=\"https://static.tigerbbs.com/9a9fb37a410b40a0a3403a1cc8cb8e6d\" tg-width=\"1080\" tg-height=\"768\" referrerpolicy=\"no-referrer\"/></p><p></body></html></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>Reminder: U.S. stocks are closed for one day on June 20th due to the U.S. federal holiday Juneteenth</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: 12.5px; color: #7E829C; margin: 0;}\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\">\nReminder: U.S. stocks are closed for one day on June 20th due to the U.S. federal holiday Juneteenth\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\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 smaller\">2022-06-15 10:41</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Dear Investors:</p><p><b>U.S. stocks will be closed on Monday, June 20</b>Since June 19 (Sunday) is a federal holiday in the United States (Juneteenth). It is worth mentioning that the holiday is rather \"young\" and was only legalized last year, the United States since \"Martin Luther King Day\" in 1983.<b>The first new national statutory holiday.</b></p><p><img src=\"https://static.tigerbbs.com/f29a163308823ba7a1941858fd5eec00\" tg-width=\"800\" tg-height=\"750\" referrerpolicy=\"no-referrer\"/></p><p>I wish you a smooth investment</p><p>Tiger Brokers</p><p><b>Market closure arrangement</b></p><p><b>U.S. stocks</b></p><p>The market will be closed on Monday, June 20th, and will open as usual from Tuesday, June 21st.</p><p><b>Hong Kong stocks, A shares, Singapore stock market, Australian market</b></p><p>Trading as usual.</p><p><b>Background Introduction</b></p><p>On June 17, 2021, U.S. President Joe Biden signed a decree designating June 19 each year as a national holiday to commemorate the end of slavery in the United States, with the holiday name \"Juneteenth,\" which is taken from the combination of June and Nineteenth. Chinese officials call the holiday \"Juneteenth\".</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/10ea0fb2e3d74348973bae50742d5fef\" tg-width=\"500\" tg-height=\"288\" referrerpolicy=\"no-referrer\"/><span>Biden with 'Juneteenth Grandmother' Opal Lee</span></p><p>Perhaps it is precisely because Juneteenth is very \"young\" that at this time last year, the US SEC (Securities and Exchange Commission) also had a \"disagreement\" with the US stock market because of this holiday:<b>The SEC is on holiday, while the NYSE and Nasdaq open as usual.</b>The SEC said: \"The exchange determines the operating status of federal holidays at its own discretion, and we understand that major markets operate during normal hours.\" The NYSE responded at the time that it would assess whether Juneteenth in 2022 would be closed for the holidays.</p><p>At present, it seems that such \"disagreements\" will not be repeated this year.</p><p><img src=\"https://static.tigerbbs.com/9a9fb37a410b40a0a3403a1cc8cb8e6d\" tg-width=\"1080\" tg-height=\"768\" referrerpolicy=\"no-referrer\"/></p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3beebfa3e0137570abe14d50f470080d","relate_stocks":{".DJI":"道琼斯"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130766759","content_text":"尊敬的投资者：美股将于6月20日（星期一）休市，因为6月19日（星期日）是美国的联邦假日（六月节）。值得一提的是，这一节日相当“年轻”，去年才被合法化，是美国自1983年的“马丁·路德·金日”以来新增的第一个全国法定节日。预祝投资顺利老虎证券休市安排美股6月20日（周一）休市，6月21日（周二）起照常开市。港股、A股、新加坡股市、澳大利亚市场照常交易。背景介绍2021年6月17日，美国总统拜登签署法令，将每年的6月19日定为全国法定节假日以纪念美国奴隶制的终结，节日名称为“Juneteenth”，该名称取自June（六月）和Nineteenth（十九）的组合。中国官方称这一节日为“六月节”。拜登与“六月节祖母”Opal Lee或许正是因为六月节非常“年轻”，去年的这个时候，美国SEC（证券交易委员会）还因为这个节日和美股市场产生了“分歧”：SEC放假，而纽交所和纳斯达克交易所却照常开市。SEC表示：“交易所自行决定联邦假期的运营状态，我们对各主要市场在正常时间内运营表示理解。”纽交所当时回应称，将评估2022年的六月节是否停业过节。目前看来这样的“分歧”今年不会重演了。","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":1603,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9908982375,"gmtCreate":1659312573297,"gmtModify":1676536284447,"author":{"id":"4098771786575480","authorId":"4098771786575480","name":"Emi_WW","avatar":"https://community-static.tradeup.com/news/1ad793e17503a413c4f36974f7c5052c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098771786575480","idStr":"4098771786575480"},"themes":[],"htmlText":"🥹","listText":"🥹","text":"🥹","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9908982375","repostId":"1179267509","repostType":4,"repost":{"id":"1179267509","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1659308909,"share":"https://ttm.financial/m/news/1179267509?lang=en_US&edition=fundamental","pubTime":"2022-08-01 07:08","market":"us","language":"zh","title":"Preview this week | Ali, Occidental Petroleum and other financial reports are coming! Non-farm data coming soon","url":"https://stock-news.laohu8.com/highlight/detail?id=1179267509","media":"老虎资讯综合","summary":"本周（8.1—8.5）重磅财经事件经济数据方面，美国和欧元区7月Markit制造业PMI终值，美国6月耐用品订单月率修正值，美国截至7月29日当周API和EIA原油库存变动，美国截至7月30日当周初请","content":"<p><html><head></head><body>Blockbuster Financial Events This Week (8.1-8.5)</p><p><b>In terms of economic data,</b>US and Eurozone July<a href=\"https://laohu8.com/S/MRKT\">Markit</a>The final value of manufacturing PMI, the revised monthly rate of durable goods orders in the United States in June, the changes of API and EIA crude oil inventories in the United States in the week ending July 29th, the number of initial unemployment claims in the United States in the week ending July 30th, and the non-agricultural and unemployment rates in the United States in July.<b>In terms of financial report,</b><a href=\"https://laohu8.com/S/HBC\">HSBC Holdings</a>、<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>、<a href=\"https://laohu8.com/S/ATVI\">Activision Blizzard</a>AMD,<a href=\"https://laohu8.com/S/PYPL\">PayPal</a>And Buffett's new favorite stock<a href=\"https://laohu8.com/S/OXY\">Occidental Petroleum</a>Earnings will be released successively. In addition,<b>This week, we also need to pay attention to the interest rate decision of the Reserve Bank of Australia, the interest rate decision of the Bank of England, and the speeches of Chicago Fed President Evans, St. Louis Fed President Bullard and other officials.</b><img src=\"https://static.tigerbbs.com/ef4a4a9095140ecd3c104ff0ec6ccc64\" tg-width=\"2044\" tg-height=\"1429\" referrerpolicy=\"no-referrer\"/><b>Monday, August 1st Keywords: Eurozone unemployment rate in June, US and Eurozone Markit manufacturing PMI final value in July; HSBC Holdings Earnings Report</b><img src=\"https://static.tigerbbs.com/4254af86af01c216719cccd62b67df2c\" tg-width=\"910\" tg-height=\"807\" referrerpolicy=\"no-referrer\"/></p><p>On Monday,<b>In terms of economic data,</b>The United States and the euro zone will announce the final value of Markit manufacturing PMI in July, which is expected to be relatively sluggish, not much different from the initial value.</p><p>In July, the preliminary value of Markit manufacturing PMI in the United States recorded 52.3, which was better than the expected 52, but lower than the June value of 52.7, the lowest since July 2020. In terms of financial report, as one of the high-dividend stocks in Hong Kong stocks,<a href=\"https://laohu8.com/S/00005.HK\">HSBC Holdings</a>Earnings will be released; U.S. stocks<a href=\"https://laohu8.com/S/ATVI.US\">Activision Blizzard</a>It will also release its earnings report after the U.S. stock market on August 1st.</p><p><a href=\"https://laohu8.com/S/C\">Citigroup</a>And CICC both forecast<a href=\"https://laohu8.com/S/00005\">HSBC Holdings</a>The 2022 interim dividend per ordinary share is forecast to be US8 cents, representing a year-on-year increase of 14.2% from the interim dividend of US7 cents per ordinary share in the same period last year. Based on the forecasts of four securities firms, HSBC's profit before tax in the first half of 2022 is expected to be US$7,937-8,174 million, representing a year-on-year decrease of 24.6% to 26.8% compared with US$10,839 million in the first half of 2021.<b>In terms of events,</b><b>Speaker of the U.S. House of Representatives Nancy Pelosi is about to kick off a tour of Asia.</b>According to The Paper, the official website of the Office of the Speaker of the U.S. House of Representatives announced the itinerary of Pelosi's Asian trip, saying that Pelosi led a congressional delegation to the Indo-Pacific region, including visits to Singapore, Malaysia, South Korea and Japan. The trip will focus on mutual security, economic partnerships and * governance in the Indo-Pacific region, the statement said. A U.S. parliamentary delegation led by Pelosi will visit Singapore from Aug. 1 to 2 to meet with President Halimah and Prime Minister Lee Hsien Loong, Singapore's foreign ministry said.</p><p><b>Tuesday, August 2nd Keywords: Reserve Bank of Australia interest rate decision, Chicago Reserve Bank President Evans gives a speech; Activision, BP Earnings</b><img src=\"https://static.tigerbbs.com/61ec689c6b09a82647586456153aa140\" tg-width=\"907\" tg-height=\"466\" referrerpolicy=\"no-referrer\"/></p><p>On Tuesday,<b>In terms of economic data,</b>RBA to announce interest rate decision, and JOLTs vacancies in the US.</p><p>In the July 22-28 survey, 32 of the 34 economists surveyed predicted that the RBA would raise the cash rate by 50 basis points to 1.85%. This will be the first time the RBA has rate hike 50 basis points at three consecutive meetings since the introduction of the cash rate in 1990. The remaining two economists expect a larger rate hike of 65 or 75 basis points.<b>In terms of events, Evans hosted a media breakfast conference, and investors need to pay attention to his latest remarks on the economy and the Federal Reserve's monetary policy.</b></p><p><b>In terms of financial reports, U.S. stocks<a href=\"https://laohu8.com/S/BP\">BP</a>、<a href=\"https://laohu8.com/S/SPGI\">S&P Global</a>、<a href=\"https://laohu8.com/S/UBER\">Uber</a></b>It will announce its earnings before the U.S. stock market belches on August 2nd. In addition, Buffett's newly promoted love stocks<a href=\"https://laohu8.com/S/OXY\">Occidental Petroleum</a>, and<a href=\"https://laohu8.com/S/AMD\">American Supermicro Corporation</a>、<a href=\"https://laohu8.com/S/PYPL\">PayPal</a>It will announce its earnings after the U.S. stock market closes on August 2nd.</p><p>July 27, 2022 Occidental Petroleum announced that it will distribute a regular quarterly Dividend of $0.13 per common share to shareholders of record as of October 17, 2022. Additionally, Occidental Petroleum has an average price target of $74.92, with a high of $90.00 and a low of $58.00, based on 12 analyst reports in the last 3 months providing price forecasts for the coming year. according to<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>According to analyst Neil Mehta, Occidental continues to hold an attractive free cash flow outlook.<b>Wednesday, August 3rd Keywords: Monthly rate correction of durable goods orders in the United States in June, API and EIA crude oil inventory changes in the week ending July 29th; Occidental Petroleum earnings</b><img src=\"https://static.tigerbbs.com/30901e5735d1f1747040191e4b90fc26\" tg-width=\"907\" tg-height=\"1171\" referrerpolicy=\"no-referrer\"/></p><p>On Wednesday,<b>In terms of economic data,</b>The United States will announce the monthly rate correction of durable goods orders in June.</p><p>The monthly rate of U.S. durable goods orders in May was 0.7%, expected to be 0.1%, and the previous value was 0.50%. U.S. factory durable goods orders rose more than expected in May, indicating that corporate investment has so far remained strong even amid rising interest rates and rising economic concerns. In addition,<b>U.S. API and EIA crude oil inventory changes data for the week ending July 29 are also worthy of investors' attention.</b></p><p>U.S. API crude oil inventories decreased by 4.037 million barrels in the week ending July 22, compared with an expected decrease of 1.12 million barrels. EIA crude oil inventories in the United States decreased by 4.523 million barrels in the week ending July 22nd, far exceeding the expected decrease of 1.037 million barrels, the largest decline in U.S. crude oil inventories since the end of May.<b>In terms of events,</b>St. Louis Fed President Bullard addressed money market dealers, and investors also need to keep an eye on it.</p><p><b>OPEC + held its 31st ministerial meeting.</b>OPEC + will hold its 31st ministerial meeting on August 3 to decide on its oil production policy for September. The group will decide whether to heed U.S. calls to supply more crude oil to global markets. At the 30th ministerial meeting on June 30, Zeng decided to raise total oil production in August 2022 by an average of 648,000 barrels per day.</p><p><b>In terms of financial report,</b>U.S. stocks<a href=\"https://laohu8.com/S/MRNA\">Moderna</a>Will release earnings before the U.S. stock market on August 3rd. In addition,<a href=\"https://laohu8.com/S/MGM\">MGM</a>、<a href=\"https://laohu8.com/S/LCID\">Lucid</a>Will release earnings after the U.S. stock market on August 3rd.</p><p><b>In terms of new shares,</b>Hong Kong stock<a href=\"https://laohu8.com/S/09857\">Ning Meng Film and Television</a>New share subscription closed on Wednesday.</p><p><b>Thursday, August 4th Keywords: Bank of England interest rate decision, the number of initial unemployment claims in the United States for the week ending July 30th; Alibaba Earnings Report</b><img src=\"https://static.tigerbbs.com/5ef0b87a71a17736a8d2dc2b68db0fef\" tg-width=\"908\" tg-height=\"945\" referrerpolicy=\"no-referrer\"/></p><p>On Thursday,<b>In terms of economic data,</b>The Bank of England will unveil its interest rate decision.</p><p>The survey shows that the Bank of England may avoid a larger rate hike in August and instead stick to a moderate rate hike pace of 25 basis points, but this is a very difficult decision. In addition,<b>The United States will release data on the number of initial claims and renewal claims for unemployment benefits in the week ending July 30th.</b></p><p>U.S. initial jobless claims fell 5,000 to 256,000 in the week ending July 23. A media survey of economists showed that the median number of applicants was expected to be 250,000. The number of renewed jobless claims fell to 1.36 million for the week ending July 16. While U.S. jobless claims fell for the first time in four weeks, they remained near their highest level since November, indicating that the labor market continues to slow.<b>In terms of events, the ECB will publish an economic bulletin.</b></p><p><b>Tesla Holds 2022 Annual Shareholder Meeting.</b>On August 4, Tesla will hold its annual shareholder meeting inside the Texas Gigafactory. The company will also livestream the event and is expected to announce the latest news on the 4680 battery, full autonomous driving, and the Austin and Berlin plants. Tesla's board seeks to increase the number of authorized common shares to 4 billion, according to the meeting agenda.</p><p><b>In terms of financial report,<a href=\"https://laohu8.com/S/09988\">Alibaba-SW</a>、<a href=\"https://laohu8.com/S/COP\">ConocoPhillips</a></b>Will announce its earnings before the U.S. stock market on August 4th.</p><p><a href=\"https://laohu8.com/S/600030\">CITIC Securities</a>According to the analysis, according to the data of the National Bureau of Statistics, in April/May 2022, China's total retail sales decreased by 11.1%/6.7% year-on-year, and the month-on-month decline narrowed. Online retail sales of physical goods decreased by 5.2%/increased by 7.0% year-on-year, and online consumption picked up. It is forecast that the revenue will reach 889.7 billion yuan/956.8 billion yuan/1,021.4 billion yuan in fiscal year 2023~2025, representing a year-on-year increase of 4%/8%/7%; Raised the net profit (Non-GAAP) forecast for fiscal year 2023-2025 to 129.9 billion yuan/147.6 billion yuan/162.5 billion yuan, representing a decrease of 5%/increase of 14%/increase of 10% year-on-year, and the current price corresponds to the company's Hong Kong stock PE (Non-GAAP) of 16 times/14 times/13 times.<b>Friday, Aug. 5 KEYWORDS: U.S. July nonfarm and unemployment, Cleveland Fed President Mester speaks</b><img src=\"https://static.tigerbbs.com/939f641cb26b9fc3a5d646ffd88fc5f3\" tg-width=\"905\" tg-height=\"904\" referrerpolicy=\"no-referrer\"/>On Friday,<b>In terms of economic data,</b>The United States will announce the non-farm and unemployment rate in July. At present, the market expects non-agricultural products to increase by 255,000 in July, which is lower than the previous value of 372,000, and the unemployment rate is 3.6%, which is the same as the previous value.</p><p>Previously, the number of new non-farm payrolls in the United States after seasonal adjustment in June was 372,000, much higher than the market expectation of 250,000, continuing the strong momentum of employment growth this year; The unemployment rate was 3.6%, unchanged from May and remained near a 50-year low, in line with expectations.<b>On the events front, Cleveland Fed President Mester will speak on monetary policy.</b></p><p></body></html></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>Preview this week | Ali, Occidental Petroleum and other financial reports are coming! Non-farm data coming soon</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: 12.5px; color: #7E829C; margin: 0;}\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\">\nPreview this week | Ali, Occidental Petroleum and other financial reports are coming! Non-farm data coming soon\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\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 smaller\">2022-08-01 07:08</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Blockbuster Financial Events This Week (8.1-8.5)</p><p><b>In terms of economic data,</b>US and Eurozone July<a href=\"https://laohu8.com/S/MRKT\">Markit</a>The final value of manufacturing PMI, the revised monthly rate of durable goods orders in the United States in June, the changes of API and EIA crude oil inventories in the United States in the week ending July 29th, the number of initial unemployment claims in the United States in the week ending July 30th, and the non-agricultural and unemployment rates in the United States in July.<b>In terms of financial report,</b><a href=\"https://laohu8.com/S/HBC\">HSBC Holdings</a>、<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>、<a href=\"https://laohu8.com/S/ATVI\">Activision Blizzard</a>AMD,<a href=\"https://laohu8.com/S/PYPL\">PayPal</a>And Buffett's new favorite stock<a href=\"https://laohu8.com/S/OXY\">Occidental Petroleum</a>Earnings will be released successively. In addition,<b>This week, we also need to pay attention to the interest rate decision of the Reserve Bank of Australia, the interest rate decision of the Bank of England, and the speeches of Chicago Fed President Evans, St. Louis Fed President Bullard and other officials.</b><img src=\"https://static.tigerbbs.com/ef4a4a9095140ecd3c104ff0ec6ccc64\" tg-width=\"2044\" tg-height=\"1429\" referrerpolicy=\"no-referrer\"/><b>Monday, August 1st Keywords: Eurozone unemployment rate in June, US and Eurozone Markit manufacturing PMI final value in July; HSBC Holdings Earnings Report</b><img src=\"https://static.tigerbbs.com/4254af86af01c216719cccd62b67df2c\" tg-width=\"910\" tg-height=\"807\" referrerpolicy=\"no-referrer\"/></p><p>On Monday,<b>In terms of economic data,</b>The United States and the euro zone will announce the final value of Markit manufacturing PMI in July, which is expected to be relatively sluggish, not much different from the initial value.</p><p>In July, the preliminary value of Markit manufacturing PMI in the United States recorded 52.3, which was better than the expected 52, but lower than the June value of 52.7, the lowest since July 2020. In terms of financial report, as one of the high-dividend stocks in Hong Kong stocks,<a href=\"https://laohu8.com/S/00005.HK\">HSBC Holdings</a>Earnings will be released; U.S. stocks<a href=\"https://laohu8.com/S/ATVI.US\">Activision Blizzard</a>It will also release its earnings report after the U.S. stock market on August 1st.</p><p><a href=\"https://laohu8.com/S/C\">Citigroup</a>And CICC both forecast<a href=\"https://laohu8.com/S/00005\">HSBC Holdings</a>The 2022 interim dividend per ordinary share is forecast to be US8 cents, representing a year-on-year increase of 14.2% from the interim dividend of US7 cents per ordinary share in the same period last year. Based on the forecasts of four securities firms, HSBC's profit before tax in the first half of 2022 is expected to be US$7,937-8,174 million, representing a year-on-year decrease of 24.6% to 26.8% compared with US$10,839 million in the first half of 2021.<b>In terms of events,</b><b>Speaker of the U.S. House of Representatives Nancy Pelosi is about to kick off a tour of Asia.</b>According to The Paper, the official website of the Office of the Speaker of the U.S. House of Representatives announced the itinerary of Pelosi's Asian trip, saying that Pelosi led a congressional delegation to the Indo-Pacific region, including visits to Singapore, Malaysia, South Korea and Japan. The trip will focus on mutual security, economic partnerships and * governance in the Indo-Pacific region, the statement said. A U.S. parliamentary delegation led by Pelosi will visit Singapore from Aug. 1 to 2 to meet with President Halimah and Prime Minister Lee Hsien Loong, Singapore's foreign ministry said.</p><p><b>Tuesday, August 2nd Keywords: Reserve Bank of Australia interest rate decision, Chicago Reserve Bank President Evans gives a speech; Activision, BP Earnings</b><img src=\"https://static.tigerbbs.com/61ec689c6b09a82647586456153aa140\" tg-width=\"907\" tg-height=\"466\" referrerpolicy=\"no-referrer\"/></p><p>On Tuesday,<b>In terms of economic data,</b>RBA to announce interest rate decision, and JOLTs vacancies in the US.</p><p>In the July 22-28 survey, 32 of the 34 economists surveyed predicted that the RBA would raise the cash rate by 50 basis points to 1.85%. This will be the first time the RBA has rate hike 50 basis points at three consecutive meetings since the introduction of the cash rate in 1990. The remaining two economists expect a larger rate hike of 65 or 75 basis points.<b>In terms of events, Evans hosted a media breakfast conference, and investors need to pay attention to his latest remarks on the economy and the Federal Reserve's monetary policy.</b></p><p><b>In terms of financial reports, U.S. stocks<a href=\"https://laohu8.com/S/BP\">BP</a>、<a href=\"https://laohu8.com/S/SPGI\">S&P Global</a>、<a href=\"https://laohu8.com/S/UBER\">Uber</a></b>It will announce its earnings before the U.S. stock market belches on August 2nd. In addition, Buffett's newly promoted love stocks<a href=\"https://laohu8.com/S/OXY\">Occidental Petroleum</a>, and<a href=\"https://laohu8.com/S/AMD\">American Supermicro Corporation</a>、<a href=\"https://laohu8.com/S/PYPL\">PayPal</a>It will announce its earnings after the U.S. stock market closes on August 2nd.</p><p>July 27, 2022 Occidental Petroleum announced that it will distribute a regular quarterly Dividend of $0.13 per common share to shareholders of record as of October 17, 2022. Additionally, Occidental Petroleum has an average price target of $74.92, with a high of $90.00 and a low of $58.00, based on 12 analyst reports in the last 3 months providing price forecasts for the coming year. according to<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>According to analyst Neil Mehta, Occidental continues to hold an attractive free cash flow outlook.<b>Wednesday, August 3rd Keywords: Monthly rate correction of durable goods orders in the United States in June, API and EIA crude oil inventory changes in the week ending July 29th; Occidental Petroleum earnings</b><img src=\"https://static.tigerbbs.com/30901e5735d1f1747040191e4b90fc26\" tg-width=\"907\" tg-height=\"1171\" referrerpolicy=\"no-referrer\"/></p><p>On Wednesday,<b>In terms of economic data,</b>The United States will announce the monthly rate correction of durable goods orders in June.</p><p>The monthly rate of U.S. durable goods orders in May was 0.7%, expected to be 0.1%, and the previous value was 0.50%. U.S. factory durable goods orders rose more than expected in May, indicating that corporate investment has so far remained strong even amid rising interest rates and rising economic concerns. In addition,<b>U.S. API and EIA crude oil inventory changes data for the week ending July 29 are also worthy of investors' attention.</b></p><p>U.S. API crude oil inventories decreased by 4.037 million barrels in the week ending July 22, compared with an expected decrease of 1.12 million barrels. EIA crude oil inventories in the United States decreased by 4.523 million barrels in the week ending July 22nd, far exceeding the expected decrease of 1.037 million barrels, the largest decline in U.S. crude oil inventories since the end of May.<b>In terms of events,</b>St. Louis Fed President Bullard addressed money market dealers, and investors also need to keep an eye on it.</p><p><b>OPEC + held its 31st ministerial meeting.</b>OPEC + will hold its 31st ministerial meeting on August 3 to decide on its oil production policy for September. The group will decide whether to heed U.S. calls to supply more crude oil to global markets. At the 30th ministerial meeting on June 30, Zeng decided to raise total oil production in August 2022 by an average of 648,000 barrels per day.</p><p><b>In terms of financial report,</b>U.S. stocks<a href=\"https://laohu8.com/S/MRNA\">Moderna</a>Will release earnings before the U.S. stock market on August 3rd. In addition,<a href=\"https://laohu8.com/S/MGM\">MGM</a>、<a href=\"https://laohu8.com/S/LCID\">Lucid</a>Will release earnings after the U.S. stock market on August 3rd.</p><p><b>In terms of new shares,</b>Hong Kong stock<a href=\"https://laohu8.com/S/09857\">Ning Meng Film and Television</a>New share subscription closed on Wednesday.</p><p><b>Thursday, August 4th Keywords: Bank of England interest rate decision, the number of initial unemployment claims in the United States for the week ending July 30th; Alibaba Earnings Report</b><img src=\"https://static.tigerbbs.com/5ef0b87a71a17736a8d2dc2b68db0fef\" tg-width=\"908\" tg-height=\"945\" referrerpolicy=\"no-referrer\"/></p><p>On Thursday,<b>In terms of economic data,</b>The Bank of England will unveil its interest rate decision.</p><p>The survey shows that the Bank of England may avoid a larger rate hike in August and instead stick to a moderate rate hike pace of 25 basis points, but this is a very difficult decision. In addition,<b>The United States will release data on the number of initial claims and renewal claims for unemployment benefits in the week ending July 30th.</b></p><p>U.S. initial jobless claims fell 5,000 to 256,000 in the week ending July 23. A media survey of economists showed that the median number of applicants was expected to be 250,000. The number of renewed jobless claims fell to 1.36 million for the week ending July 16. While U.S. jobless claims fell for the first time in four weeks, they remained near their highest level since November, indicating that the labor market continues to slow.<b>In terms of events, the ECB will publish an economic bulletin.</b></p><p><b>Tesla Holds 2022 Annual Shareholder Meeting.</b>On August 4, Tesla will hold its annual shareholder meeting inside the Texas Gigafactory. The company will also livestream the event and is expected to announce the latest news on the 4680 battery, full autonomous driving, and the Austin and Berlin plants. Tesla's board seeks to increase the number of authorized common shares to 4 billion, according to the meeting agenda.</p><p><b>In terms of financial report,<a href=\"https://laohu8.com/S/09988\">Alibaba-SW</a>、<a href=\"https://laohu8.com/S/COP\">ConocoPhillips</a></b>Will announce its earnings before the U.S. stock market on August 4th.</p><p><a href=\"https://laohu8.com/S/600030\">CITIC Securities</a>According to the analysis, according to the data of the National Bureau of Statistics, in April/May 2022, China's total retail sales decreased by 11.1%/6.7% year-on-year, and the month-on-month decline narrowed. Online retail sales of physical goods decreased by 5.2%/increased by 7.0% year-on-year, and online consumption picked up. It is forecast that the revenue will reach 889.7 billion yuan/956.8 billion yuan/1,021.4 billion yuan in fiscal year 2023~2025, representing a year-on-year increase of 4%/8%/7%; Raised the net profit (Non-GAAP) forecast for fiscal year 2023-2025 to 129.9 billion yuan/147.6 billion yuan/162.5 billion yuan, representing a decrease of 5%/increase of 14%/increase of 10% year-on-year, and the current price corresponds to the company's Hong Kong stock PE (Non-GAAP) of 16 times/14 times/13 times.<b>Friday, Aug. 5 KEYWORDS: U.S. July nonfarm and unemployment, Cleveland Fed President Mester speaks</b><img src=\"https://static.tigerbbs.com/939f641cb26b9fc3a5d646ffd88fc5f3\" tg-width=\"905\" tg-height=\"904\" referrerpolicy=\"no-referrer\"/>On Friday,<b>In terms of economic data,</b>The United States will announce the non-farm and unemployment rate in July. At present, the market expects non-agricultural products to increase by 255,000 in July, which is lower than the previous value of 372,000, and the unemployment rate is 3.6%, which is the same as the previous value.</p><p>Previously, the number of new non-farm payrolls in the United States after seasonal adjustment in June was 372,000, much higher than the market expectation of 250,000, continuing the strong momentum of employment growth this year; The unemployment rate was 3.6%, unchanged from May and remained near a 50-year low, in line with expectations.<b>On the events front, Cleveland Fed President Mester will speak on monetary policy.</b></p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/d256e82db1d71c864259845ce1d069bf","relate_stocks":{"159934":"黄金ETF","518880":"黄金ETF华安","NUGT":"二倍做多黄金矿业指数ETF-Direxion","HSBC":"汇丰","OXY":"西方石油","BK4521":"英国银行股",".DJI":"道琼斯","GDX":"黄金矿业ETF-VanEck","GLD":"黄金ETF-SPDR","DUST":"二倍做空黄金矿业指数ETF-Direxion","BK4207":"综合性银行",".SPX":"S&P 500 Index","BK4201":"综合性石油与天然气企业","IAU":"黄金信托ETF-iShares",".IXIC":"NASDAQ Composite"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179267509","content_text":"本周（8.1—8.5）重磅财经事件经济数据方面，美国和欧元区7月Markit制造业PMI终值，美国6月耐用品订单月率修正值，美国截至7月29日当周API和EIA原油库存变动，美国截至7月30日当周初请失业金人数，以及美国7月非农和失业率。财报方面，汇丰控股、阿里巴巴、动视暴雪、AMD、PayPal以及巴菲特新晋爱股西方石油将先后发布财报。此外，本周还需关注澳洲联储利率决议，英国央行利率决议，以及芝加哥联储主席埃文斯，圣路易斯联储主席布拉德等官员的讲话。8月1日 周一关键词：欧元区6月失业率，美国和欧元区7月Markit制造业PMI终值；汇丰控股财报周一，经济数据方面，美国和欧元区将公布7月Markit制造业PMI终值，预计相对低迷，和初值相差不大。美国7月Markit制造业PMI初值录得52.3，虽然好于预期的52，但低于6月数值的52.7，创下2020年7月以来最低。财报方面，作为港股高分红股票之一的汇丰控股将会发布财报；美股动视暴雪也将在8月1日美股盘后发布财报。花旗及中金均预测汇丰控股2022年每股普通股中期息预测为8美仙，较去年同期每股普通股中期息7美仙同比升14.2%。综合4间券商预测，汇控2022年上半年列账基准除税前利润预计为79.37-81.74亿美元，较2021年上半年108.39亿美元计，同比下跌24.6%至26.8%。事件方面，美国众议院议长佩洛西即将开启亚洲行。据澎湃新闻报道，美国众议院议长办公室官网公布佩洛西亚洲之行行程，称佩洛西率领一个国会代表团访问印度-太平洋地区，包括访问新加坡、马来西亚、韩国和日本。声明称，此行将重点关注印太地区的共同安全、经济伙伴关系和民主治理。新加坡外交部说，佩洛西率领的美国议会代表团将在8月1日至2日到访新加坡，与哈莉玛总统和李显龙总理会面。8月2日周二关键词：澳洲联储利率决议，芝加哥联储主席埃文斯发表讲话；动视暴雪、英国石油财报周二，经济数据方面，澳洲联储将公布利率决议，以及美国JOLTs职位空缺。在7月22日至28日的调查中，受访的34位经济学家中有32位预测，澳洲联储将把提高现金利率50个基点至1.85%。这将是自1990年引入现金利率以来，澳洲联储首次在连续三次会议上加息50个基点。其余两位经济学家预计加息幅度会更大，为65或75个基点。事件方面，埃文斯主持媒体早餐会，投资者需关注他涉及经济和美联储货币政策的最新言论。财报方面，美股英国石油、标普全球、优步将会在8月2日美股盘前公布财报。此外，巴菲特新晋爱股西方石油，以及美国超微公司、PayPal将会在8月2日美股盘后公布财报。2022年7月27日西方石油宣布，将向截至2022年10月17日在册的股东派发普通股每股0.13美元的定期季度股息。此外，根据最近3个月提供未来一年价格预测的12位分析师报告，西方石油公司的平均目标价为74.92美元，最高为90.00美元，最低为58.00美元。根据高盛分析师Neil Mehta的说法，西方石油公司继续持有有吸引力的自由现金流前景。8月3日周三关键词：美国6月耐用品订单月率修正值，截至7月29日当周API和EIA原油库存变动；西方石油财报周三，经济数据方面，美国将公布6月耐用品订单月率修正值。美国5月耐用品订单月率 0.7%，预期0.1%，前值0.50%。5月份美国工厂耐用品订单增幅高于预期，表明即便在利率上升和对经济担忧加剧的情况下，企业投资迄今仍保持强劲。此外，截至7月29日当周美国API和EIA原油库存变动数据也值得投资者关注。美国至7月22日当周API原油库存减少403.7万桶，预期减少112万桶。美国截至7月22日当周EIA原油库存减少了452.3万桶，远超预期的减少103.7万桶，为5月底以来最大的美国原油库存降幅。事件方面，圣路易斯联储主席布拉德向货币市场经销商发表讲话，投资者也需保持关注。OPEC+举行第31次部长级会议。OPEC+将于8月3日举行第31次部长级会议，决定9月的石油生产政策。该组织将决定是否听取美国的呼吁，为全球市场供应更多原油。在6月30日举行的第30次部长级会议上，曾决定将2022年8月石油总产量日均上调64.8万桶。财报方面，美股Moderna将在8月3日美股盘前发布财报。此外，美高梅、Lucid将在8月3日美股盘后发布财报。新股方面，港股柠萌影视周三结束新股申购。8月4日周四关键词：英国央行利率决议，美国截至7月30日当周初请失业金人数；阿里巴巴财报周四，经济数据方面，英国央行将公布利率决议。调查显示,英国央行8月可能会避免更大幅度的加息，而是坚守25个基点的温和加息步伐，但这是一个非常艰难的决定。此外，美国将公布截至7月30日当周初请、续请失业金人数等数据。截至7月23日当周，美国初次申请失业金人数减少5,000人，至25.6万人。媒体对经济学家进行的调查显示，申请人数的中位数预期25万人。截至7月16日当周，续请失业金人数降至136万人。虽然美国失业金申请人数四周来首次下降，但仍维持在去年11月以来最高水平附近，表明劳动力市场继续放缓。事件方面，欧洲央行将公布经济公报。特斯拉召开2022年年度股东大会。8月4日，特斯拉将在得克萨斯州超级工厂内召开年度股东大会。该公司还将直播这场活动，预计将会公布关于4680电池、全自动驾驶、奥斯汀和柏林工厂的最新消息。会议议程显示，特斯拉董事会寻求将授权普通股的数量增加到40亿股。财报方面，阿里巴巴-SW、康菲石油等将在8月4日美股盘前公布财报。中信证券分析认为，根据国家统计局数据，2022年4/5月我国社零总额同比下滑11.1%/6.7%，环比降幅收窄，实物商品网上零售额同比减少5.2%/增加7.0%，线上消费回暖。预测2023~2025财年收入至8,897亿元/9,568 亿元/10,214 亿元，同比增加4%/增加8%/增加7%；上调2023-2025财年净利润（Non-GAAP）预测至1,299 亿元/1,476 亿元/1,625 亿元，同比减少5%/增加14%/增加10%，现价对应公司港股PE（Non-GAAP）16倍/14倍/13倍。8月5日周五关键词：美国7月非农和失业率，克利夫兰联储主席梅斯特发表讲话周五，经济数据方面，美国将公布公布7月非农和失业率。目前市场预期7月非农增加25.5万，不及37.2万的前值，失业率为3.6%，和前值持平。此前，美国6月季调后新增非农就业人口为37.2万人，远高于市场预期的25万人，延续了今年以来就业增长的强劲势头；失业率为3.6%，与5月持平，仍维持在50年以来的低点附近，符合预期。事件方面，克利夫兰联储主席梅斯特将就货币政策发表讲话。","news_type":1,"symbols_score_info":{"159934":0.9,"518880":0.9,"GDX":0.9,".IXIC":0.9,"GCmain":0.9,".DJI":0.9,"HSBC":0.9,"OXY":0.9,"GLD":0.9,"SGCmain":0.9,"DUST":0.9,"IAU":0.9,".SPX":0.9,"MGCmain":0.9,"NUGT":0.9,"SGUmain":0.9,"SImain":0.9}},"isVote":1,"tweetType":1,"viewCount":3946,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9045407961,"gmtCreate":1656639359953,"gmtModify":1676535868895,"author":{"id":"4098771786575480","authorId":"4098771786575480","name":"Emi_WW","avatar":"https://community-static.tradeup.com/news/1ad793e17503a413c4f36974f7c5052c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098771786575480","idStr":"4098771786575480"},"themes":[],"htmlText":"👌","listText":"👌","text":"👌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9045407961","repostId":"1176657955","repostType":4,"repost":{"id":"1176657955","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1656487457,"share":"https://ttm.financial/m/news/1176657955?lang=en_US&edition=fundamental","pubTime":"2022-06-29 15:24","market":"hk","language":"zh","title":"Reminder: U.S. stocks will be closed on July 4 due to the U.S. Independence Day holiday","url":"https://stock-news.laohu8.com/highlight/detail?id=1176657955","media":"老虎资讯综合","summary":"请留意具体时间，提前安排好您的投资计划。","content":"<p><html><head></head><body>Dear Investors:</p><p>On the anniversary of the establishment of the Hong Kong Special Administrative Region (and the anniversary of the reunification of Hong Kong),<b>The Hong Kong stock market was closed for one day on Friday, July 1</b>。 In addition, due to the U.S. Independence Day holiday,<b>The U.S. stock market will be closed for one day on Monday, July 4</b>。 Keep an eye out for specific times to arrange your investment plans in advance.</p><p><img src=\"https://static.tigerbbs.com/b85335b584c40ee97169a866b3eb10b6\" tg-width=\"1080\" tg-height=\"1080\" referrerpolicy=\"no-referrer\"/></p><p>I wish you a smooth investment</p><p>Tiger Brokers</p><p><b>Market closure arrangement</b></p><p><b>U.S. stocks</b></p><p>The market will be closed on Monday, July 4th, and will open as usual from Tuesday, July 5th.</p><p><b>Hong Kong stock</b></p><p>The market will be closed on Friday, July 1st, and will open as usual from Monday, July 4th.</p><p><b>A Shares</b></p><p>Trading as usual.</p><p><b>Shanghai Stock Connect, Shenzhen Stock Connect</b></p><p>Not available from Thursday, June 30 to Friday, July 1 and open as usual from Monday, July 4.</p><p><b>Hong Kong Stock Connect</b></p><p>It will not be available on Friday, July 1, and will be open as usual from Monday, July 4.</p><p><b>Singapore Stock Market, Australian Market</b></p><p>Trading as usual.</p><p><b>Background Introduction</b></p><p><b>Anniversary of the establishment of the Hong Kong Special Administrative Region</b></p><p>And the anniversary of the handover of Hong Kong, which is celebrated on July 1st every year. On 1 July 1997, the government of the Hong Kong Special Administrative Region of the People's Republic of China was established. Since then, this day has become the anniversary of Hong Kong's handover.</p><p>2022 marks the 25th anniversary of Hong Kong's return to the motherland.</p><p><img src=\"https://static.tigerbbs.com/f228e2be416213ddd5f57b144bf15712\" tg-width=\"860\" tg-height=\"570\" referrerpolicy=\"no-referrer\"/></p><p><b>U.S. Independence Day</b></p><p>Independence Day (also known as Fourth of July or July Fourth) is one of the major statutory holidays in the United States and is dated on July 4 each year to commemorate the formal adoption of the Declaration of Independence by the Continental Congress in Philadelphia on July 4, 1776.</p><p></body></html></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>Reminder: U.S. stocks will be closed on July 4 due to the U.S. Independence Day holiday</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; 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}\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: 12.5px; color: #7E829C; margin: 0;}\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\">\nReminder: U.S. stocks will be closed on July 4 due to the U.S. Independence Day holiday\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\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 smaller\">2022-06-29 15:24</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Dear Investors:</p><p>On the anniversary of the establishment of the Hong Kong Special Administrative Region (and the anniversary of the reunification of Hong Kong),<b>The Hong Kong stock market was closed for one day on Friday, July 1</b>。 In addition, due to the U.S. Independence Day holiday,<b>The U.S. stock market will be closed for one day on Monday, July 4</b>。 Keep an eye out for specific times to arrange your investment plans in advance.</p><p><img src=\"https://static.tigerbbs.com/b85335b584c40ee97169a866b3eb10b6\" tg-width=\"1080\" tg-height=\"1080\" referrerpolicy=\"no-referrer\"/></p><p>I wish you a smooth investment</p><p>Tiger Brokers</p><p><b>Market closure arrangement</b></p><p><b>U.S. stocks</b></p><p>The market will be closed on Monday, July 4th, and will open as usual from Tuesday, July 5th.</p><p><b>Hong Kong stock</b></p><p>The market will be closed on Friday, July 1st, and will open as usual from Monday, July 4th.</p><p><b>A Shares</b></p><p>Trading as usual.</p><p><b>Shanghai Stock Connect, Shenzhen Stock Connect</b></p><p>Not available from Thursday, June 30 to Friday, July 1 and open as usual from Monday, July 4.</p><p><b>Hong Kong Stock Connect</b></p><p>It will not be available on Friday, July 1, and will be open as usual from Monday, July 4.</p><p><b>Singapore Stock Market, Australian Market</b></p><p>Trading as usual.</p><p><b>Background Introduction</b></p><p><b>Anniversary of the establishment of the Hong Kong Special Administrative Region</b></p><p>And the anniversary of the handover of Hong Kong, which is celebrated on July 1st every year. On 1 July 1997, the government of the Hong Kong Special Administrative Region of the People's Republic of China was established. Since then, this day has become the anniversary of Hong Kong's handover.</p><p>2022 marks the 25th anniversary of Hong Kong's return to the motherland.</p><p><img src=\"https://static.tigerbbs.com/f228e2be416213ddd5f57b144bf15712\" tg-width=\"860\" tg-height=\"570\" referrerpolicy=\"no-referrer\"/></p><p><b>U.S. Independence Day</b></p><p>Independence Day (also known as Fourth of July or July Fourth) is one of the major statutory holidays in the United States and is dated on July 4 each year to commemorate the formal adoption of the Declaration of Independence by the Continental Congress in Philadelphia on July 4, 1776.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3877d7f890a3e97cbb441a2ccfdf29da","relate_stocks":{".DJI":"道琼斯","HSI":"恒生指数"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176657955","content_text":"尊敬的投资者：因香港特别行政区成立纪念日（暨香港回归纪念日），港股市场于7月1日（周五）休市一天。此外，因美国独立日假期，美股市场将于7月4日（周一）休市一天。请留意具体时间，提前安排好您的投资计划。预祝投资顺利老虎证券休市安排美股7月4日（周一）休市，7月5日（周二）起照常开市。港股7月1日（周五）休市，7月4日（周一）起照常开市。A股照常交易。沪股通、深股通6月30日（周四）至7月1日（周五）不提供服务，7月4日（星期一）起照常开通。港股通7月1日（周五）不提供服务，7月4日（周一）起照常开通。新加坡股市、澳大利亚市场照常交易。背景介绍香港特别行政区成立纪念日暨香港回归纪念日，为每年的7月1日。1997年7月1日，中华人民共和国香港特别行政区政府成立。从此，这一天成为香港回归纪念日。2022年是香港回归祖国25周年。美国独立日独立日（Independence Day，又称Fourth of July或July Fourth）是美国的主要法定节日之一，日期为每年7月4日，以纪念1776年7月4日大陆会议在费城正式通过《独立宣言》。","news_type":1,"symbols_score_info":{"HSI":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":907,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9033387674,"gmtCreate":1646189509547,"gmtModify":1676534102100,"author":{"id":"4098771786575480","authorId":"4098771786575480","name":"Emi_WW","avatar":"https://community-static.tradeup.com/news/1ad793e17503a413c4f36974f7c5052c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098771786575480","idStr":"4098771786575480"},"themes":[],"htmlText":"🥺","listText":"🥺","text":"🥺","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9033387674","repostId":"2216149459","repostType":4,"isVote":1,"tweetType":1,"viewCount":1060,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9070069328,"gmtCreate":1656984521764,"gmtModify":1676535927042,"author":{"id":"4098771786575480","authorId":"4098771786575480","name":"Emi_WW","avatar":"https://community-static.tradeup.com/news/1ad793e17503a413c4f36974f7c5052c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098771786575480","idStr":"4098771786575480"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9070069328","repostId":"1119476715","repostType":4,"repost":{"id":"1119476715","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1656984078,"share":"https://ttm.financial/m/news/1119476715?lang=en_US&edition=fundamental","pubTime":"2022-07-05 09:21","market":"us","language":"zh","title":"Hong Kong stocks open | Hang Seng Index opens 1.02% higher, Hang Seng Technology Index rises 1.54%","url":"https://stock-news.laohu8.com/highlight/detail?id=1119476715","media":"老虎资讯综合","summary":"7月5日讯，隔夜美股休市，欧股涨跌不一。港股高开，恒指涨1.02%，国指涨1.24%，恒生科技指数涨1.54%。盘面上，大型科技股普涨，阿里巴巴涨约3%，美团、快手、百度、小米、京东均涨超1%；有色金","content":"<p><html><head></head><body>On July 5th, U.S. stocks were closed overnight, and European stocks were mixed. Hong Kong stocks opened higher, with the Hang Seng Index rising 1.02%, the State Index rising 1.24% and the Hang Seng Technology Index rising 1.54%.<img src=\"https://static.tigerbbs.com/8236cd34704b719e471771cf8724f0b6\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/>On the disk, large technology stocks rose generally,<a href=\"https://laohu8.com/S/09988\">Alibaba</a>About 3%, Meituan, Aauto Quicker,<a href=\"https://laohu8.com/S/09888\">Baidu</a>Millet,<a href=\"https://laohu8.com/S/09618\">Jingdong</a>Both rose by more than 1%; Non-ferrous metal stocks, gas stocks, sporting goods stocks and automobile industry chain stocks have risen one after another, and the net profit in the first half of the year is expected to double.<a href=\"https://laohu8.com/S/300748\">Jinli permanent magnet</a>It opened nearly 6% higher and performed better. Food and beverage stocks and education stocks, which were sluggish throughout the day yesterday, were partially higher. On the other hand, the trend of biomedical stocks that rose sharply yesterday differentiated, and tourism and film and television stocks fell significantly.<a href=\"https://laohu8.com/S/02391\">Tuya Intelligence</a>On the first day of listing, it opened 1.35% higher, with an issue price of HK$ 19.3/share.</p><p></body></html></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>Hong Kong stocks open | Hang Seng Index opens 1.02% higher, Hang Seng Technology Index rises 1.54%</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: 12.5px; color: #7E829C; margin: 0;}\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\">\nHong Kong stocks open | Hang Seng Index opens 1.02% higher, Hang Seng Technology Index rises 1.54%\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\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 smaller\">2022-07-05 09:21</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>On July 5th, U.S. stocks were closed overnight, and European stocks were mixed. Hong Kong stocks opened higher, with the Hang Seng Index rising 1.02%, the State Index rising 1.24% and the Hang Seng Technology Index rising 1.54%.<img src=\"https://static.tigerbbs.com/8236cd34704b719e471771cf8724f0b6\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/>On the disk, large technology stocks rose generally,<a href=\"https://laohu8.com/S/09988\">Alibaba</a>About 3%, Meituan, Aauto Quicker,<a href=\"https://laohu8.com/S/09888\">Baidu</a>Millet,<a href=\"https://laohu8.com/S/09618\">Jingdong</a>Both rose by more than 1%; Non-ferrous metal stocks, gas stocks, sporting goods stocks and automobile industry chain stocks have risen one after another, and the net profit in the first half of the year is expected to double.<a href=\"https://laohu8.com/S/300748\">Jinli permanent magnet</a>It opened nearly 6% higher and performed better. Food and beverage stocks and education stocks, which were sluggish throughout the day yesterday, were partially higher. On the other hand, the trend of biomedical stocks that rose sharply yesterday differentiated, and tourism and film and television stocks fell significantly.<a href=\"https://laohu8.com/S/02391\">Tuya Intelligence</a>On the first day of listing, it opened 1.35% higher, with an issue price of HK$ 19.3/share.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ff6e3231d788a5a6d28cf7965385cc7f","relate_stocks":{"513600":"恒生指数ETF南方","02833":"恒指ETF","HSI":"恒生指数","HSTECH":"恒生科技指数"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119476715","content_text":"7月5日讯，隔夜美股休市，欧股涨跌不一。港股高开，恒指涨1.02%，国指涨1.24%，恒生科技指数涨1.54%。盘面上，大型科技股普涨，阿里巴巴涨约3%，美团、快手、百度、小米、京东均涨超1%；有色金属股、燃气股、体育用品股、汽车产业链股纷纷上涨，上半年净利预增翻倍，金力永磁高开近6%表现较佳，昨日全天萎靡的餐饮股、教育股部分走高。另一方面，昨日大涨的生物医药股走势分化，旅游及影视股下跌明显。涂鸦智能上市首日高开1.35%，发行价19.3港元/股。","news_type":1,"symbols_score_info":{"513600":0.9,"HSImain":0.9,"MCHmain":0.9,"HSTECH":0.9,"HHImain":0.9,"HSI":0.9,"MHImain":0.9,"02833":0.9}},"isVote":1,"tweetType":1,"viewCount":1507,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9045404590,"gmtCreate":1656639339410,"gmtModify":1676535868881,"author":{"id":"4098771786575480","authorId":"4098771786575480","name":"Emi_WW","avatar":"https://community-static.tradeup.com/news/1ad793e17503a413c4f36974f7c5052c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098771786575480","idStr":"4098771786575480"},"themes":[],"htmlText":"👌","listText":"👌","text":"👌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9045404590","repostId":"1197380978","repostType":4,"isVote":1,"tweetType":1,"viewCount":1240,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9033555585,"gmtCreate":1646320767389,"gmtModify":1676534116941,"author":{"id":"4098771786575480","authorId":"4098771786575480","name":"Emi_WW","avatar":"https://community-static.tradeup.com/news/1ad793e17503a413c4f36974f7c5052c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098771786575480","idStr":"4098771786575480"},"themes":[],"htmlText":"🥺","listText":"🥺","text":"🥺","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9033555585","repostId":"2216026484","repostType":4,"repost":{"id":"2216026484","kind":"highlight","pubTimestamp":1646313668,"share":"https://ttm.financial/m/news/2216026484?lang=en_US&edition=fundamental","pubTime":"2022-03-03 21:21","market":"fut","language":"zh","title":"Towards the biggest weekly gain since 1960! Global commodities staged a \"skyrocketing\" frenzy","url":"https://stock-news.laohu8.com/highlight/detail?id=2216026484","media":"华尔街见闻","summary":"摘要：布油飙升至近120美元/桶，铝价创下历史新高，锌创2007年以来新高，小麦价格飙升至2008年以来的最高水平......这次大宗商品涨势惊人，标准普尔商品指数年内涨幅达到37%，彭博大宗商品指数","content":"<p><html><head></head><body><b>Abstract: Brent oil soared to nearly $120/barrel, aluminum prices hit a record high, zinc hit a new high since 2007, and wheat prices soared to the highest level since 2008...This commodity rally is amazing, with the S&P commodity index rising 37% during the year, and the Bloomberg commodity index approaching its biggest weekly gain since 1960.</b>It has been a week since the Russia-Ukraine conflict broke out, and the situation in Ukraine is still in a stalemate, and the first round of negotiations between the two sides has not reached an agreement.</p><p>On this occasion,<b>Global commodities staged a surge frenzy</b>, from energy to metals to<a href=\"https://laohu8.com/S/000061\">Agricultural Products</a>The market has been subverted by the Russia-Ukraine conflict.</p><p>European and American sanctions on Russia have escalated and increased, and Russia occupies a pivotal position in the global energy market. The market is worried about Russian supply disruption, and commodity prices have skyrocketed, hitting the highest level since 2008.</p><p>Brent crude surged to nearly $120/barrel, aluminum hit a record high, zinc hit a new high since 2007, and wheat soared to its highest level since 2008...</p><p>The commodity gains were staggering, with the Standard & Poor's commodity index rising 37% during the year,<b>The Bloomberg Commodities Index nears its biggest weekly gain since 1960,</b>The last time such a big increase was under Khrushchev.</p><p><b>Specifically, in terms of energy, oil prices have soared for two consecutive days, with Brent oil rushing to $117 and U.S. oil stations rushing to $114.</b></p><p>As of press time, Brent crude oil futures rose 2.51% to $115.77/barrel, and WTI crude oil futures rose 2.69% to $113.58/barrel.</p><p>In the past two days, due to the hopeless increase of OPEC + production, the worry of Russian supply interruption, and the poor progress of Iranian nuclear negotiations, the market's worries about the shortage of crude oil supply have intensified, and the rising momentum of crude oil has become increasingly rapid.</p><p>The latest news shows that the next round of U.S. sanctions does not rule out restricting Russian oil exports.</p><p>At present, the 60 million barrels of oil reserves agreed to be released by the International Energy Agency IEA in the world can't stop the \"crazy rise\" of international crude oil, while the OPEC + meeting, which lasted only 13 minutes, still decided to \"increase production as planned\".</p><p><b>European gas futures also hit a record high, rising to €197.91/MWh.</b></p><p>Yesterday, European natural gas once jumped as much as 60%, and the TTF benchmark Dutch natural gas futures price once soared to a record high of nearly 195 euros/MWh.</p><p>As mentioned in the previous article, Gazprom said that due to the technical capabilities of pipeline infrastructure, it may limit the daily injection volume. In addition, there is also a risk of damage to the pipeline that transports natural gas from Russia via Ukraine, while Europe will compete increasingly with Asian markets for demand.</p><p>Furthermore, Russia may implement countermeasures to restrict the flow of natural gas to Europe, causing disruption to the gas supply chain.</p><p>According to Kaushal Ramesh, an analyst at Restad Engy, gas prices are likely to be closer to last winter from 2022 to the end of 2023, or will be higher.</p><p><b>In terms of metals, London zinc futures once stood at the $4,000/ton mark, a new high since 2007, and rose by more than 3% in the day.</b></p><p>The increasing probability of further production cuts in zinc smelters in Europe due to high electricity prices, as well as supply concerns, are pushing up the price of the metal.</p><p><b>Three-month aluminum prices soared in London, rising nearly 6% at one point to hit a new high.</b></p><p>Aluminum prices have been rising this week, with Russia's military campaign against Ukraine exacerbating the ongoing shortage of global aluminum supplies. According to the World Bureau of Metals Statistics, there was a shortage of 1.9 million tonnes in the global market last year. Other metal prices are also soaring, with Lun Nickel surging by 8.00% in the day and now trading at $27,950.00/ton.<b>Agricultural futures are also rising, and food inflation is further intensifying.</b></p><p>Chicago wheat futures rose 7.1% to $11.34 a bushel, the highest level in 14 years, again on Thursday. Wheat futures have seen a 50% surge in price over the past month.</p><p>Soaring wheat prices will soon turn into food inflation, including bread and cereal, and may boost feed costs, raising farming costs and spreading to meat prices.</p><p>According to statistics, Russia and Ukraine are the world's largest and fourth largest wheat exporters respectively, and their wheat exports account for more than a quarter of the world's wheat exports.</p><p><b>In addition to wheat, Russia and Ukraine are also major suppliers of corn, barley and sunflower oil, so they are inevitably affected by the dispute.</b>Corn prices have risen to their highest levels since 2012, and soybean and palm oil prices have also hit record highs.</p><p>Scott Irwin, a senior agricultural economist and professor at the University of Illinois, said he expects<b>The conflict will be the biggest shock to global food markets in its lifetime.</b></p><p><b>The Ukraine tension means a dangerous new phase for the global economy and complicates monetary policy decisions by central banks.</b></p><p>Federal Reserve Chairman Powell said at the hearing that the Russia-Ukraine conflict will shake international relations, reshape Western European economies and make the decision-making process more cautious.</p><p><a href=\"https://laohu8.com/S/601099\">Pacific Ocean</a>Greg Sharenow and Andrew DeWitt, portfolio managers at investment managers, mentioned in a blog post,<b>Commodities typically do well late in the economic cycle, as well as during times of global turmoil, and are a good hedge against inflation and conflict.</b></p><p></body></html></p>","source":"wallstreetcn_api","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>Towards the biggest weekly gain since 1960! Global commodities staged a \"skyrocketing\" frenzy</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: 12.5px; color: #7E829C; margin: 0;}\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\">\nTowards the biggest weekly gain since 1960! Global commodities staged a \"skyrocketing\" frenzy\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2022-03-03 21:21</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><b>Abstract: Brent oil soared to nearly $120/barrel, aluminum prices hit a record high, zinc hit a new high since 2007, and wheat prices soared to the highest level since 2008...This commodity rally is amazing, with the S&P commodity index rising 37% during the year, and the Bloomberg commodity index approaching its biggest weekly gain since 1960.</b>It has been a week since the Russia-Ukraine conflict broke out, and the situation in Ukraine is still in a stalemate, and the first round of negotiations between the two sides has not reached an agreement.</p><p>On this occasion,<b>Global commodities staged a surge frenzy</b>, from energy to metals to<a href=\"https://laohu8.com/S/000061\">Agricultural Products</a>The market has been subverted by the Russia-Ukraine conflict.</p><p>European and American sanctions on Russia have escalated and increased, and Russia occupies a pivotal position in the global energy market. The market is worried about Russian supply disruption, and commodity prices have skyrocketed, hitting the highest level since 2008.</p><p>Brent crude surged to nearly $120/barrel, aluminum hit a record high, zinc hit a new high since 2007, and wheat soared to its highest level since 2008...</p><p>The commodity gains were staggering, with the Standard & Poor's commodity index rising 37% during the year,<b>The Bloomberg Commodities Index nears its biggest weekly gain since 1960,</b>The last time such a big increase was under Khrushchev.</p><p><b>Specifically, in terms of energy, oil prices have soared for two consecutive days, with Brent oil rushing to $117 and U.S. oil stations rushing to $114.</b></p><p>As of press time, Brent crude oil futures rose 2.51% to $115.77/barrel, and WTI crude oil futures rose 2.69% to $113.58/barrel.</p><p>In the past two days, due to the hopeless increase of OPEC + production, the worry of Russian supply interruption, and the poor progress of Iranian nuclear negotiations, the market's worries about the shortage of crude oil supply have intensified, and the rising momentum of crude oil has become increasingly rapid.</p><p>The latest news shows that the next round of U.S. sanctions does not rule out restricting Russian oil exports.</p><p>At present, the 60 million barrels of oil reserves agreed to be released by the International Energy Agency IEA in the world can't stop the \"crazy rise\" of international crude oil, while the OPEC + meeting, which lasted only 13 minutes, still decided to \"increase production as planned\".</p><p><b>European gas futures also hit a record high, rising to €197.91/MWh.</b></p><p>Yesterday, European natural gas once jumped as much as 60%, and the TTF benchmark Dutch natural gas futures price once soared to a record high of nearly 195 euros/MWh.</p><p>As mentioned in the previous article, Gazprom said that due to the technical capabilities of pipeline infrastructure, it may limit the daily injection volume. In addition, there is also a risk of damage to the pipeline that transports natural gas from Russia via Ukraine, while Europe will compete increasingly with Asian markets for demand.</p><p>Furthermore, Russia may implement countermeasures to restrict the flow of natural gas to Europe, causing disruption to the gas supply chain.</p><p>According to Kaushal Ramesh, an analyst at Restad Engy, gas prices are likely to be closer to last winter from 2022 to the end of 2023, or will be higher.</p><p><b>In terms of metals, London zinc futures once stood at the $4,000/ton mark, a new high since 2007, and rose by more than 3% in the day.</b></p><p>The increasing probability of further production cuts in zinc smelters in Europe due to high electricity prices, as well as supply concerns, are pushing up the price of the metal.</p><p><b>Three-month aluminum prices soared in London, rising nearly 6% at one point to hit a new high.</b></p><p>Aluminum prices have been rising this week, with Russia's military campaign against Ukraine exacerbating the ongoing shortage of global aluminum supplies. According to the World Bureau of Metals Statistics, there was a shortage of 1.9 million tonnes in the global market last year. Other metal prices are also soaring, with Lun Nickel surging by 8.00% in the day and now trading at $27,950.00/ton.<b>Agricultural futures are also rising, and food inflation is further intensifying.</b></p><p>Chicago wheat futures rose 7.1% to $11.34 a bushel, the highest level in 14 years, again on Thursday. Wheat futures have seen a 50% surge in price over the past month.</p><p>Soaring wheat prices will soon turn into food inflation, including bread and cereal, and may boost feed costs, raising farming costs and spreading to meat prices.</p><p>According to statistics, Russia and Ukraine are the world's largest and fourth largest wheat exporters respectively, and their wheat exports account for more than a quarter of the world's wheat exports.</p><p><b>In addition to wheat, Russia and Ukraine are also major suppliers of corn, barley and sunflower oil, so they are inevitably affected by the dispute.</b>Corn prices have risen to their highest levels since 2012, and soybean and palm oil prices have also hit record highs.</p><p>Scott Irwin, a senior agricultural economist and professor at the University of Illinois, said he expects<b>The conflict will be the biggest shock to global food markets in its lifetime.</b></p><p><b>The Ukraine tension means a dangerous new phase for the global economy and complicates monetary policy decisions by central banks.</b></p><p>Federal Reserve Chairman Powell said at the hearing that the Russia-Ukraine conflict will shake international relations, reshape Western European economies and make the decision-making process more cautious.</p><p><a href=\"https://laohu8.com/S/601099\">Pacific Ocean</a>Greg Sharenow and Andrew DeWitt, portfolio managers at investment managers, mentioned in a blog post,<b>Commodities typically do well late in the economic cycle, as well as during times of global turmoil, and are a good hedge against inflation and conflict.</b></p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3653333\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/bd3ac286c2233d10a592ba6c388667fb","relate_stocks":{},"source_url":"https://wallstreetcn.com/articles/3653333","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2216026484","content_text":"摘要：布油飙升至近120美元/桶，铝价创下历史新高，锌创2007年以来新高，小麦价格飙升至2008年以来的最高水平......这次大宗商品涨势惊人，标准普尔商品指数年内涨幅达到37%，彭博大宗商品指数接近1960年以来的最大周涨幅。距离俄乌冲突爆发已经过去了一周，乌克兰局势仍在胶着中，双方首轮谈判也未达成协议。在此之际，全球大宗商品上演暴涨狂潮，从能源到金属再到农产品市场都被俄乌冲突所颠覆。欧美对俄罗斯制裁升级加码，加之俄罗斯在全球能源市场里占据着举足轻重的地位，市场担忧俄罗斯供应中断，大宗商品价格疯涨，创下2008年以来的最高水平。布伦特原油飙升至近120美元/桶，铝价创下历史新高，锌创2007年以来新高，小麦价格飙升至2008年以来的最高水平......这次大宗商品涨势惊人，标准普尔商品指数年内涨幅达到37%，彭博大宗商品指数接近1960年以来的最大周涨幅，上一次这么大涨幅还是赫鲁晓夫执政期间。具体来看，能源方面，油价连续两日疯涨，布油冲上117美元，美油站上114美元。截至发稿，布伦特原油期货涨2.51%，报115.77美元/桶，WTI原油期货涨2.69%，报113.58美元/桶。近两日，受OPEC+增产无望，俄罗斯供应中断担忧，以及伊核谈判进展不顺等因素影响，市场对于原油供应短缺的担忧加剧，原油上涨势头愈发迅猛。而最新消息显示，美国的下一轮制裁不排除限制俄罗斯石油出口。眼下，国际能源署IEA同意在全球释放的6000万桶石油储备并无法阻止国际原油的“疯狂涨势”，而延续仅仅持续了13分钟的OPEC+会议依旧决定“按计划增产”。欧洲天然气期货也创纪录新高，上涨至197.91欧元/兆瓦时。昨日，欧洲天然气更是一度跳涨60%之多，TTF基准荷兰天然气期货价格一度飙升至近195欧元/兆瓦时的历史新高。此前见闻文章提及，俄罗斯天然气工业股份公司表示，由于管道基础设施的技术能力，可能会限制每天的注入量。除此之外，从俄罗斯经乌克兰输送天然气的管道也有受损的风险，同时欧洲将与亚洲市场需求竞争日益加剧。此外，俄罗斯可能实施反制措施，限制天然气流向欧洲，造成天然气供应链中断。Restad Engy的分析师Kaushal Ramesh表示，2022年到2023年底，天然气价格可能会接近去年冬天，或将更高。金属方面，伦敦期锌一度站上4000美元/吨关口，创2007年以来新高，日内涨超3%。欧洲地区锌冶炼厂因高电价进一步减产的概率增大，以及供应担忧都在推高该金属价格。伦敦三个月期铝价格飙升，一度涨近6%，再创新高。铝价在本周不断上涨，俄罗斯对乌克兰的军事行动加剧了全球铝供应的持续短缺。据世界金属统计局的数据，去年全球市场出现了190万吨的短缺。其他金属价格也在飙升，伦镍日内暴涨8.00%，现报27950.00美元/吨。农产品期货也在上涨，粮食通胀进一步加剧。芝加哥小麦期货周四再次涨停，涨7.1%至每蒲式耳11.34美元，创下14年来的最高水平。小麦期货在过去的一个月里，价格飙升了50%。小麦价格飙升将很快演变成食品通胀，包括面包、麦片，同时或将助推饲料成本，抬升养殖业成本并蔓延至肉价。据统计，俄罗斯和乌克兰分别是全球第一大和第四大小麦出口国，两国的小麦出口量占全球小麦出口量的四分之一以上。除了小麦，俄罗斯和乌克兰也是玉米、大麦和葵花籽油的主要供应国，因此在此次纷争中免不了受影响。玉米价格已升至2012年以来的最高水平，豆油和棕榈油的价格也创下了历史新高。一位资深农业经济学家，伊利诺伊大学教授Scott Irwin表示，他预计这次冲突将是其一生中遇到的对全球粮食市场的最大冲击。乌克兰紧张局势意味着着全球经济进入了一个危险的新阶段，并使各国央行货币政策决策更加复杂。美联储主席鲍威尔在听证会上表示，俄乌冲突将动摇国际关系，重塑西欧经济，并使决策的过程变得更加谨慎。太平洋投资管理公司投资组合经理Greg Sharenow和Andrew DeWitt在一篇博客文章中提到，大宗商品通常在经济周期的后期，以及在全球动荡时期表现良好，是抵御通胀和冲突的良好对冲手段。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":799,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9073299313,"gmtCreate":1657342311432,"gmtModify":1676535995527,"author":{"id":"4098771786575480","authorId":"4098771786575480","name":"Emi_WW","avatar":"https://community-static.tradeup.com/news/1ad793e17503a413c4f36974f7c5052c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098771786575480","idStr":"4098771786575480"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9073299313","repostId":"1172335974","repostType":4,"repost":{"id":"1172335974","kind":"news","pubTimestamp":1657272279,"share":"https://ttm.financial/m/news/1172335974?lang=en_US&edition=fundamental","pubTime":"2022-07-08 17:24","market":"fut","language":"zh","title":"Behind Abe's assassination, how was Japan's economy \"lost\" for three decades?","url":"https://stock-news.laohu8.com/highlight/detail?id=1172335974","media":"风暴眼工作室","summary":"7月8日，日本前首相安倍晋三遭遇枪击的消息震惊全世界。据央视报道，当地时间8日，日本前首相安倍晋三当天上午在奈良发表演讲时中枪 。据悉，安倍晋三在上救护车时还有意识，目前安倍晋三已经没有生命体征。日元","content":"<p><html><head></head><body>On July 8, the news of the shooting of former Japanese Prime Minister Shinzo Abe shocked the world.</p><p>According to CCTV, on the 8th local time, former Japanese Prime Minister Shinzo Abe was shot during a speech in Nara that morning. It is reported that Shinzo Abe is still conscious when he gets on the ambulance. At present, Shinzo Abe has no vital signs.</p><p>The exchange rate of Japanese yen was also affected. As of 11: 30 on July 8th, the loss of US dollar against Japanese yen widened to 0.47% at 135.37, and the yen appreciated.</p><p>Why did the yen suddenly appreciate when Abe was assassinated? Perhaps it has something to do with the \"Abenomics\" promoted by his power during his tenure. After Shinzo Abe took office at the end of 2012, he accelerated the implementation of a series of economic stimulus policies, the most noteworthy of which is the loose monetary policy, and the exchange rate of the yen began to depreciate at an accelerated rate.</p><p>Since the beginning of this year, the continuous decline of the Japanese yen exchange rate has become more obvious. On June 13th, the exchange rate of Japanese yen against the US dollar once fell below the 135 yen-to-US dollar mark, setting a new low in about 24 years. In more than a year since the beginning of 2021, the Japanese yen has depreciated sharply by more than 25% relative to the US dollar.</p><p><img src=\"https://static.tigerbbs.com/73ac608c7438fa9083c60e6af1c6dfd9\" tg-width=\"553\" tg-height=\"330\" referrerpolicy=\"no-referrer\"/></p><p>As a traditional safe-haven currency, it continued to fall sharply, causing Japanese bonds and yen assets to be sold off sharply.</p><p>While Bank of Japan Governor Haruhiko Kuroda reiterated his view that the BOJ must maintain its massive stimulus package to shore up the fragile economic recovery.</p><p>But for ordinary Japanese, it is questionable whether the fragile economic recovery needs to be supported by a sharp depreciation of the yen. After all, Japan, as a big importer, has an 88% dependence on foreign energy and a food self-sufficiency rate of only 37%. The rise in commodity prices brought by the depreciation of the yen will directly affect the lives of citizens.</p><p>Especially after so many years of sharp easing, Japan's average annual GDP growth rate has been less than 1% since the Japanese economy collapsed in 1990.</p><p>People lack confidence somewhat because they have broadened the real estate and prices, but they have not broadened the disposable income of residents. After the \"lost decade\", \"lost twenty years\" and \"lost thirty years\", Japan's loss is about to run to the time dimension of Atlantis.</p><p>In the fourth decade, will Japan be able to make a comeback?</p><p><b>Abe and his \"Abenomics\"</b></p><p>Although Shinzo Abe resigned as prime minister in August 2020, the sharp depreciation of the yen today is closely linked to his \"Abenomics\".</p><p>At the end of 2012, Shinzo Abe once again served as the Prime Minister of Japan, and then threw out the \"fighting for the economy\" route, which was hyped as \"Abenomics\" by the media.</p><p>The so-called \"Abenomics\" is a policy combination that solves Japan's economic problems through experimental monetary policy (QQE for short), active fiscal policy and economic structural reform. Including \"three strategies\":</p><p>First, the largest quantitative easing (QE) monetary policy in Japanese history was proposed, and the central bank purchased 7.5 trillion yen from Treasury Bond every month;</p><p>Second, breaking through the expansionary fiscal policy of the previous government's total budget of 70 trillion yen;</p><p>Third, a package of growth strategies including the Trans-Pacific Strategic Economic Partnership (TPP), deregulation to stimulate private investment and foster innovation.</p><p><img src=\"https://static.tigerbbs.com/79ef0cf1ad82f6f4d2dbd2d9e5cde013\" tg-width=\"553\" tg-height=\"375\" referrerpolicy=\"no-referrer\"/></p><p>Abenomics is the latest effort to address the continuing downturn in Japan's economy since the 1990s. So how effective is the implementation?</p><p>An analysis article of Global Macro Speculation pointed out that Abenomics is a great economic experiment. Japanese financiers and politicians break stereotypes and use a three-pronged approach of structural adjustment, fiscal and monetary policy to improve Japan's potential economic growth rate and overcome deflation. The first three years of the experiment were quite successful.</p><p>At the same time, the article also pointed out that \"Abenomics\" performed bleakly from 2016 to 2020. Under the impact of the COVID-19 pandemic, some of Abenomics' goals have been achieved, especially inflation expectations, yen exchange rate, real interest rate and stock price, etc. However, the potential output growth in the same period is not good, which proves that structural reform is not well advanced.</p><p>Zhang Jifeng, deputy director of the Institute of Japan Studies of the Chinese Academy of Social Sciences, believes that Abe's achievements in economic governance are obvious to everyone, but there are also serious problems. The most serious of these is the difficult financial situation, which has never changed.</p><p>Liu Yun, an associate researcher at the Northeast Asian Institute of China Institute of Contemporary International Relations, believes that if we only look at Japan's GDP, there will be a misunderstanding that Abenomics is not very successful. However, if we look at it as a whole, the Japanese economy is an upward posture. For example, Japan's wages have increased and the profits of large enterprises have increased well, so the Japanese economic situation has improved.</p><p><b>'Lost' began in 1990</b></p><p>The original intention of \"Abenomics\" was to save Japan's persistently sluggish economy. The \"lost decade\" was first proposed when the Japanese stock market bubble burst in 1990.</p><p>More than a decade before the burst of the bubble that left Japan unable to recover, Japan had been a \"country of miracles\".</p><p>From the early labor-intensive enterprises such as cotton textile began to accumulate capital, and then later, with manufacturing as the core industry, actively expanded investment and introduced advanced foreign technologies, and quickly rebuilt the national industrial system from the postwar ruins.</p><p>By 1964, the Tokyo Olympic Games had become an important symbol connecting Japan's economic development and transformation. Due to the demand for steel in large-scale infrastructure construction and the demand for color TV at the opening of the Olympic Games, Japan's steel and electromechanical industries had flourished, and Japan had experienced a complete development stage from \"exchanging shirts for airplanes\" to \"Made in Japan\".</p><p><img src=\"https://static.tigerbbs.com/0d0a4f35b86afc5382004806076b2487\" tg-width=\"528\" tg-height=\"323\" referrerpolicy=\"no-referrer\"/></p><p>In 1965, Japanese steel exports to the United States accounted for half of all U.S. imports, and in 1968, Japan became the world's second largest economy after the United States.</p><p>At the same time, Japanese firmly grasped the new generation of industrial revolution. Automobile, steel, telecommunications, semiconductors and pharmaceuticals fully dominated the U.S. market, and Hitachi, NEC, Fujitsu, Mitsubishi and Toshiba joined forces.</p><p>In the successive trade deficit of the United States with Japan that year, the industrial giants suffered losses year after year, and Intel was even on the verge of bankruptcy.</p><p>Beaten up by Japanese goods, the United States has launched a trade war that now looks familiar to Chinese people.</p><p>Starting in 1981, Japanese cars sold worldwide began to be heavily taxed by the United States and restricted on export quotas.</p><p>At the same time, the United States has imposed 100% tariffs on Japanese high-tech products such as computers and televisions on the grounds that Japan has \"dumping behavior\". Japanese semiconductors are subject to a lower export price limit, and Japanese chips are subject to 100% punitive tariffs.</p><p><img src=\"https://static.tigerbbs.com/2325f7d267568d30d4ad4c0f6022d74e\" tg-width=\"528\" tg-height=\"326\" referrerpolicy=\"no-referrer\"/></p><p>U.S. lawmakers smash Japanese products live</p><p>In addition, executives of Japanese enterprises were arrested in the name of \"industrial espionage\", and Japan was accused by the United States of being a \"currency manipulator\", stealing intellectual property rights from the United States, and was required to increase imports of American agricultural products, cancel trade terms that were unfavorable to foreign enterprises, and let Japan impose voluntary export restrictions in textile, steel, television and machine tool industries, while transferring factories and upgrading industries...</p><p>While constantly accusing Japan of supporting industrial policies through the state, the United States introduced a new trade law in 1988, using the \"Super 301\" clause-blatantly legislating to interfere with Japan's industrial and trade policies, forcing Japan to carry out institutional reform.</p><p>In 1989, Japan and the United States began negotiations on the \"Japan-US Structural Agreement\", which negotiated economic policies, institutions and corporate behaviors, which prompted Japan to carry out open reforms in circulation system and business practices: for example, taking housing as a strategic industry and further opening up the circulation system; Further open up the domestic market and reorganize the import and export system in accordance with the principle of free trade.</p><p>As of 1989, the U.S. Trade Representative had launched a total of 24 Section 301 investigations into Japan, almost all of which had been conceded by the Japanese government.</p><p>At the same time, the yen was forced to appreciate sharply against the dollar due to the \"Plaza Agreement\" reached by the United States, Japan, the Federal Republic of Germany, France and the United Kingdom in 1985. After \"Black Monday\" in October 1987, the yen appreciated to 120 yen/dollar, an increase of 90% in 1988.</p><p><img src=\"https://static.tigerbbs.com/12ab4dd9acfe04f8aab569cb046a73ff\" tg-width=\"528\" tg-height=\"337\" referrerpolicy=\"no-referrer\"/></p><p>Plaza Agreement Signing Site</p><p>The sharply appreciated yen has dealt a devastating blow to Japan, which is mainly an export-oriented economy. The production cost has risen sharply, and high-quality enterprises have begun to flee overseas. In order to cope with the exchange rate crisis, the Japanese government has begun to cut interest rates sharply, hoping to \"send money\" so that enterprises can invest in factories at low cost.</p><p>In fact, due to the long industrial return cycle, a large amount of Japanese yen lent at low interest rate has not been invested in the real economy, and the abundant liquidity of the money market began to flow into the housing market, stock market and luxury goods market with the \"strong\" sharp appreciation of the yen after the Plaza Accord.</p><p>Since 1986, Japan's rapidly expanding economic prosperity has been called the \"Heisei boom\". At the end of 1985, the Nikkei 225 stock price index closed at 13,083 points and at the end of 1989, it closed at 38,916 points. In the past four years, the Nikkei 225 index has risen by 197.45%, and the total stock market value has continued to expand to 896 trillion yen, accounting for 60% of Japan's GDP that year.</p><p><img src=\"https://static.tigerbbs.com/9f5d38582a2e3123322a61e5b005f13f\" tg-width=\"528\" tg-height=\"312\" referrerpolicy=\"no-referrer\"/></p><p>The streets of Japan in the 80s</p><p>The land price in Tokyo is soaring, and the land price of the Japanese emperor's Tokyo Imperial Palace exceeds the land valuation of the whole France; Even if a 10,000 yen note is thrown on the ground in the Ginza area, you can't buy the small piece of land it covers.</p><p>At the same time, the Japanese became the world's largest consumer of luxury goods, sweeping watch stores, jewelry stores and wine wineries around the world. Foreign banks and securities companies were weak in counting money in the Japanese market.</p><p>After a large number of stock index short-selling options, which completely deviate from economic reality, it erupts when the bubble expands to the extreme.</p><p>In October 1990, Japan's five-year bull market ended, and the stock market plunged 63.24%, creating the largest decline in Japanese stock market history. The following year, the property market plunged 65%, bankrupt businesses emerged, the number of unemployed people surged, and the wealth of the whole country shrank by nearly 50%.</p><p>At the same time, the short-term sharp recession made countless ordinary people who had no time to get out \"trapped\" by various capital investment targets, and an economic reshuffle made the wealth of the whole society transfer to at least a few winners.</p><p>Since then, the Japanese economy has begun to be in a long-term downturn.</p><p>The Nikkei Average dropped by more than 82% from an all-time high of 38,957 on December 29, 1989 to a low of 6,994.9 on October 29, 2008. The Nikkei Average still hovered around 10,000 points for the next four years.</p><p>That is, since the late 1990s, the \"lost decade\" of Japan's economy began to appear in the newspapers, and the problem has not been solved so far.</p><p><img src=\"https://static.tigerbbs.com/ced67142e550e77f5f84c394cba59c8d\" tg-width=\"528\" tg-height=\"383\" referrerpolicy=\"no-referrer\"/></p><p><b>What exactly has Japan lost in thirty years?</b></p><p>In 2010, because the Japanese economy is still not improving, the media began to raise the \"lost twenty years\" of the Japanese economy.</p><p>In fact, \"twenty years\" is still not the end of Japan's economic decline. Since the highest closing point of the Nikkei 225 index in history at 38957, it has gone down all the way since then, falling to less than 10,000 points many times during this period, and it didn't stop falling until 2017.</p><p>At the close of trading on July 7, 2022, the Nikkei 225 Index closed at 26,490.53 points, still more than 10,000 points short of its peak.</p><p>The \"Plaza Accord\", which allowed the yen to appreciate sharply, is considered by many to be the root cause of the Great Depression triggered by Japan's bubble economy.</p><p>But the criticism of the Plaza Accord is not unanimous in the analysis of the Great Depression. Toyo Yokuten, the former deputy minister of the Ministry of Treasury of Japan, even personally came forward to refute this view.</p><p>Because from 1985 to 1990, with overseas investment under the strong yen, Japan's overseas net assets rose from more than 1 trillion dollars to more than 3 trillion dollars, which is the so-called \"there is another Japan besides Japan\"- -</p><p>While the yen has appreciated by 300% in 10 years, it is a huge increase in production costs and labor costs. In order to maintain their competitiveness, a large number of Japanese enterprises have to look overseas, which makes Japanese enterprises' capital outflow rapidly.</p><p>The rapidly appreciating yen and the increasingly anxious Japan-US trade war have also contributed to this outflow-the strong yen facilitates Japanese companies to invest in overseas companies, and at the same time, building factories abroad can bypass US sanctions on \"Made in Japan\".</p><p>From 1985 to 1990, Japanese enterprises carried out a total of 21 giant overseas mergers and acquisitions worth more than 50 billion yen.</p><p>In 1989, Mitsubishi bought the Rockefeller Center for $1.4 billion, Panasonic bought Universal Pictures for $6 billion, and Sony bought Columbia Pictures for $3.4 billion-including the Spider-Man copyright that Marvel has not recovered now;</p><p>The Japanese even have the ambition to buy the United States as \"the 41st prefecture of Japan\". Why does the city look so like Tokyo from the 70th floor of the InterContinental Hotel in Los Angeles?</p><p>Because the Japanese bought half of the property here back then.</p><p><img src=\"https://static.tigerbbs.com/6420f38680bf983f828177b00418e180\" tg-width=\"528\" tg-height=\"375\" referrerpolicy=\"no-referrer\"/></p><p>Some Japanese believe that Japan will become the next \"superpower\" and that the government will lead the people to \"end the American era,\" wrote Kanji Ito, a Japanese scholar in \"Across the Pacific Fury.\"</p><p>It is just that these properties belong to giant enterprises, consortia, speculators and wealthy foreign businessmen, but they alone do not belong to the Japanese people.</p><p>In 2020, Sankei Shimbun reported that the revenue of Japanese overseas local legal entities has increased by 220% in the past 20 years, while according to OECD statistics, Japan's per capita purchasing power level in 2020 was only $39,000, an increase of only 4% compared with 1990.</p><p><b>Income unchanged for thirty years</b></p><p>After 1900, investment activity in Japan came to an abrupt halt.</p><p>Banks go bankrupt, factories close down, mortgage disaster, and banks full of non-performing assets have to merge and reorganize; The sharp rise in production costs has caused a large number of enterprises to close down, and the worst is that ordinary people are laid off in the tide of bankruptcy, their lifelong savings are volatilized in the bubble crisis, and they have to carry heavy mortgage loans.</p><p>After the collapse of lifelong employment system and annual merit sequence, they worked overtime desperately in order to keep their jobs. Although the \"social animal\" culture was not born in Japan's bubble crisis, it was solidified after that-accepting the squeeze of competition and production efficiency has become the most helpless choice for Japanese migrant workers.</p><p>But the flood of social development has propelled the Japanese forward, but it has failed to give them the reward they deserve.</p><p><img src=\"https://static.tigerbbs.com/11648f82b27132391bb1a6cef2c3432a\" tg-width=\"528\" tg-height=\"296\" referrerpolicy=\"no-referrer\"/></p><p>In February 2021, Japan's Ministry of Health, Labor and Welfare released the \"Hardworking Statistics Survey\", which showed that Japan's per capita monthly salary in 2020 was 318,299 yen, or about 19,600 yuan, a year-on-year decrease of 1.2% and the largest decline in 12 years.</p><p>This figure was about 350,000 yuan in 1990. At that time, the average annual income of Japanese was 4.25 million yen. Based on the exchange rate at that time, the monthly salary was about 11,600 yuan.</p><p>The average annual income of \"standing still\" for 30 consecutive years has become the most violent \"contraceptive pill\" in Japan.</p><p><b>2. Irreversible aging</b></p><p>In 2020, Japan's total population ranked 11th in the world, falling out of the top 10 for the first time since 1950. From 1974 to 2020, Japan's birth rate dropped from 1.86% to 0.67%, and it began falling into 13 consecutive years of negative population growth around 2008.</p><p>At the same time, the population of the elderly aged 65 and over in Japan reached 36.4 million, accounting for 29.1% of the total population.</p><p>Low births and aging leads to a serious labor supply shortage and a slowdown in labor productivity growth in Japan, which in turn leads to a sustained slowdown in economic growth:</p><p>\"From 1961 to 2020, the growth rate of Japan's working-age population and labor productivity basically changed synchronously with the economic trend. From 1961 to 1975, the average growth rate of Japan's working-age population remained at a high level of 1.6%, the growth rate of labor productivity reached a peak of 8.4%, and the average growth rate of real GDP also remained at a high level of 7.7%; From 1976 to 1988, the working-age population and labor productivity maintained a low growth rate of 0.9% and 3.7% respectively, and the real GDP growth rate also dropped to 4.4%; From 1989 to 2020, the growth rates of working-age population and labor productivity dropped sharply from 0.9% and 4.4% to-0.8% and 1.1% respectively, and the real GDP growth rate dropped from 5.4% to-4.4%. \"</p><p>With the decline of the working population and the continuous reduction of tax revenue, the expenses such as pensions are expanding rapidly. Since 1990, the number of people living on pensions has been five times that of taxpayers.</p><p><img src=\"https://static.tigerbbs.com/8c92a0dfa8f71abcdb41b554124294a7\" tg-width=\"528\" tg-height=\"302\" referrerpolicy=\"no-referrer\"/></p><p>In 2004, Japan launched the pension reform, raising taxes by 0.354% every year. By 2017, the pension paid by taxpayers had accounted for 18.3% of personal annual income, which became a heavy burden on the Japanese people.</p><p>Japan's human development index (which measures per capita GDP, education, and health care) fell from first in the world in 1990 to 19th in the world in 2020.</p><p>At the same time, Japanese young people have a negative attitude towards life, low material desire and lack of motivation to struggle due to the expected decline in income, resulting in the \"hibernation\". According to the definition of the Ministry of Health, Labor and Welfare of Japan, hibernate people are people who stay at home for more than 6 months and almost cut off contact with the outside world. According to the data of the Survey on Living Conditions of the Cabinet Office of Japan, there are 541,000 hibernate people aged 15-39 and 40-64, respectively.</p><p>The consumption and house purchase demand of the elderly are far lower than those of young people, and young people seriously lack consumption desire, which makes it difficult to greatly increase the total consumption, and Japan has fallen into a \"low desire society\".</p><p><b>3. Lifelong QE, but always weak</b></p><p>In 2021, Japan dropped from the \"5 prefix\" with a total GDP of 4,937.4 billion US dollars, but it is still an economic power that is proud of Europe and ranks as the third largest economy in the world, and it seems not bad.</p><p>But in fact, Japan's GDP reached $5.55 trillion in 1995. At that time, the ratio of Japan's GDP to the GDP of the United States was 71.34%. In 2021, this ratio became 21.46%.</p><p><img src=\"https://static.tigerbbs.com/0823be1f503a8cdff0d86e9ba57b90cf\" tg-width=\"528\" tg-height=\"231\" referrerpolicy=\"no-referrer\"/></p><p>Compared with its past glory, Japan is indeed somewhat embarrassed today.</p><p>At the same time, Japan's macro leverage ratio is also leading the world. According to the latest data from the Bank for International Settlements (BIS), at the end of the second quarter of 2021, the macro leverage ratio of various countries was 286.2% in the United States and 284.3% in the euro zone, while it was 416.5% in Japan.</p><p>The huge scale of the debt comes from Japan's decades-long quantitative easing.</p><p>quantitative easing is an innovation in Japan's financial field.</p><p>In 1998, the central bank of the Bank of Japan began to implement the zero interest rate and quantitative easing policy for the first time, that is, the regulation of economic activity through control of the supply of currency.</p><p>In 2013, Bank of Japan Governor Haruhiko Kuroda launched a monetary policy stimulus plan to boost inflation.</p><p>Since 2013, the yen has continued to depreciate against the US dollar, and exports have achieved a substantial increase; At the same time, Japan's benchmark interest rate has been going down all the way, and the 10-year Treasury Bond interest rate even dropped to a negative number in 2016.</p><p>At the same time, the Bank of Japan began to purchase ETFs (exchange-traded funds) on a large scale, with an average annual ETF purchase scale of nearly 4 trillion yen. By 2021, the stocks held by the Bank of Japan will account for more than 80% of stock ETFs and more than 5% of the total market value of Tokyo Stock Exchange.</p><p>Although the Nikkei 225 index has strengthened all the way from around 8,000 points in 2012, and even broke the 30,000 point mark in February 2021, it still seems to be a bubble boom in a mirror, because the huge amount of base money injected by the Bank of Japan has neither driven up inflation nor economic growth.</p><p>In terms of economic structure, except for core basic raw materials, Japan still maintains its barrier advantage, and almost all other industries are stagnant. The markets of automobile, shipbuilding, machine tools and electronic industries are all being divided by the United States, China, South Korea and other countries, and few achievements have been made in emerging industries.</p><p>At present, there are only 6 unicorn companies in Japan, which are significantly behind the 554, 180, 64, 43 and 26 companies in the United States, China, India, Britain and Germany, and their valuations are all less than $2 billion.</p><p>At the same time, Japan's debt expanded sharply. As of the end of December 2021, Japan's national debt, comprising Treasury Bond, borrowings and short-term government securities, reached 1,218.4 trillion yen, and the per capita debt of Japanese nationals was approximately 9.71 million yen, or approximately 534,573 yuan.</p><p>However, at a time when the central banks of the United States, Britain and Europe have all begun to tighten, the Bank of Japan has still not changed its loose monetary policy.</p><p><b>\"Against the Market\" Loose, Unlimited Money Printing, Japanese Yen Falling Streak</b></p><p>The yen's losing streak began in March.</p><p>After the Fed's rate hike landed in March and released the signal that it would increase the magnitude of rate hike and accelerate the shrinking balance sheet in the future, both Britain and Europe began to accelerate the tightening of monetary policy, but the Bank of Japan did the opposite and insisted on maintaining the quantitative easing policy.</p><p>On March 28th, the Bank of Japan issued a press release announcing that it would launch the \"continuous designated price market operation\" measure to curb the rise of interest rates from March 29th to 31st, that is, to purchase unlimited public bonds from private financial institutions at the designated interest rate.</p><p>On the same day, the Japanese yen exchange rate plunged by 1.38%.</p><p>On April 20th, less than a month later, the Bank of Japan announced the unlimited purchase of 10-year Treasury Bond to defend the 0.25% yield ceiling of 10-year Japanese Treasury Bond, which once again pushed the depreciation of the yen.</p><p>Some experts believe that because the depreciation of the yen is conducive to Japan's export-oriented economy, the Bank of Japan has always regarded the loose monetary environment as an important means to boost market expectations, especially at the moment when it has just entered the new fiscal year, it is more difficult for the Bank of Japan to tighten its monetary policy.</p><p>But can easing save the Japanese economy?</p><p>In fact, Japan's trade structure is not stable. Since the Abe administration took office and introduced the unlimited stimulus policy, the total export volume has declined continuously from 2012 to 2015, and only 2016 and 2017 maintained a trade surplus.</p><p><img src=\"https://static.tigerbbs.com/2b2490580bd25519041d5aef1bb5c3c0\" tg-width=\"525\" tg-height=\"263\" referrerpolicy=\"no-referrer\"/></p><p>Recently, the global price of crude oil and raw materials has soared, and the depreciation of the yen has raised the cost of Japanese enterprises and broadened the channels of imported inflation. At the same time, according to the data of \"Value-added Trade Statistics\" released by OECD, the added value created in Japan has dropped from 94% in 1995 to 83% in 2018, a decrease of 11%. Japan's related high value-added products and services have become increasingly difficult to offset its rising production costs.</p><p>The only benefit is Japanese local speculators. With the sharp landing of the Federal Reserve, the yield of U.S. bonds continues to soar, and the spread between the U.S. and Japan in Treasury Bond has become wider and wider. Therefore, local speculators began to short-sell Japanese yen on a large scale and borrow Japanese yen to buy arbitrage of U.S. bonds.</p><p>What about the common people?</p><p>The rise of prices has led to the rise of the cost of living and the weakening of consumption power, and the \"lost thirty years\" seem to be postponed again-the depreciation of the yen, which is considered \"conducive to the economy\" by the Bank of Japan, has never effectively boosted Japan's economic growth for many years, but has made it impossible for the Japanese economy to escape from the large-scale financial easing policy for more than ten years.</p><p>Thirty years ago, Yasushi Mie, then governor of the central bank, warned the government that a country must not survive by blowing economic bubbles, otherwise it will be a great harm to the country.</p><p>So shortly after he took office, Japan implemented a tight monetary policy, greatly raised lending rates, and took the initiative to burst the bubble. This hard landing plunged Japan into decades of depression, but it was often regarded as the decisive decision of \"a strong man breaking his wrist\" by later generations.</p><p>It's just that the front car has been overturned, and the latter is unknown.</p><p>Thirty years later, Japan still seems to be the same Japan.</p><p></body></html></p>","source":"lsy1639703443321","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>Behind Abe's assassination, how was Japan's economy \"lost\" for three decades?</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: 12.5px; color: #7E829C; margin: 0;}\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\">\nBehind Abe's assassination, how was Japan's economy \"lost\" for three decades?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">风暴眼工作室</strong><span class=\"h-time small\">2022-07-08 17:24</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>On July 8, the news of the shooting of former Japanese Prime Minister Shinzo Abe shocked the world.</p><p>According to CCTV, on the 8th local time, former Japanese Prime Minister Shinzo Abe was shot during a speech in Nara that morning. It is reported that Shinzo Abe is still conscious when he gets on the ambulance. At present, Shinzo Abe has no vital signs.</p><p>The exchange rate of Japanese yen was also affected. As of 11: 30 on July 8th, the loss of US dollar against Japanese yen widened to 0.47% at 135.37, and the yen appreciated.</p><p>Why did the yen suddenly appreciate when Abe was assassinated? Perhaps it has something to do with the \"Abenomics\" promoted by his power during his tenure. After Shinzo Abe took office at the end of 2012, he accelerated the implementation of a series of economic stimulus policies, the most noteworthy of which is the loose monetary policy, and the exchange rate of the yen began to depreciate at an accelerated rate.</p><p>Since the beginning of this year, the continuous decline of the Japanese yen exchange rate has become more obvious. On June 13th, the exchange rate of Japanese yen against the US dollar once fell below the 135 yen-to-US dollar mark, setting a new low in about 24 years. In more than a year since the beginning of 2021, the Japanese yen has depreciated sharply by more than 25% relative to the US dollar.</p><p><img src=\"https://static.tigerbbs.com/73ac608c7438fa9083c60e6af1c6dfd9\" tg-width=\"553\" tg-height=\"330\" referrerpolicy=\"no-referrer\"/></p><p>As a traditional safe-haven currency, it continued to fall sharply, causing Japanese bonds and yen assets to be sold off sharply.</p><p>While Bank of Japan Governor Haruhiko Kuroda reiterated his view that the BOJ must maintain its massive stimulus package to shore up the fragile economic recovery.</p><p>But for ordinary Japanese, it is questionable whether the fragile economic recovery needs to be supported by a sharp depreciation of the yen. After all, Japan, as a big importer, has an 88% dependence on foreign energy and a food self-sufficiency rate of only 37%. The rise in commodity prices brought by the depreciation of the yen will directly affect the lives of citizens.</p><p>Especially after so many years of sharp easing, Japan's average annual GDP growth rate has been less than 1% since the Japanese economy collapsed in 1990.</p><p>People lack confidence somewhat because they have broadened the real estate and prices, but they have not broadened the disposable income of residents. After the \"lost decade\", \"lost twenty years\" and \"lost thirty years\", Japan's loss is about to run to the time dimension of Atlantis.</p><p>In the fourth decade, will Japan be able to make a comeback?</p><p><b>Abe and his \"Abenomics\"</b></p><p>Although Shinzo Abe resigned as prime minister in August 2020, the sharp depreciation of the yen today is closely linked to his \"Abenomics\".</p><p>At the end of 2012, Shinzo Abe once again served as the Prime Minister of Japan, and then threw out the \"fighting for the economy\" route, which was hyped as \"Abenomics\" by the media.</p><p>The so-called \"Abenomics\" is a policy combination that solves Japan's economic problems through experimental monetary policy (QQE for short), active fiscal policy and economic structural reform. Including \"three strategies\":</p><p>First, the largest quantitative easing (QE) monetary policy in Japanese history was proposed, and the central bank purchased 7.5 trillion yen from Treasury Bond every month;</p><p>Second, breaking through the expansionary fiscal policy of the previous government's total budget of 70 trillion yen;</p><p>Third, a package of growth strategies including the Trans-Pacific Strategic Economic Partnership (TPP), deregulation to stimulate private investment and foster innovation.</p><p><img src=\"https://static.tigerbbs.com/79ef0cf1ad82f6f4d2dbd2d9e5cde013\" tg-width=\"553\" tg-height=\"375\" referrerpolicy=\"no-referrer\"/></p><p>Abenomics is the latest effort to address the continuing downturn in Japan's economy since the 1990s. So how effective is the implementation?</p><p>An analysis article of Global Macro Speculation pointed out that Abenomics is a great economic experiment. Japanese financiers and politicians break stereotypes and use a three-pronged approach of structural adjustment, fiscal and monetary policy to improve Japan's potential economic growth rate and overcome deflation. The first three years of the experiment were quite successful.</p><p>At the same time, the article also pointed out that \"Abenomics\" performed bleakly from 2016 to 2020. Under the impact of the COVID-19 pandemic, some of Abenomics' goals have been achieved, especially inflation expectations, yen exchange rate, real interest rate and stock price, etc. However, the potential output growth in the same period is not good, which proves that structural reform is not well advanced.</p><p>Zhang Jifeng, deputy director of the Institute of Japan Studies of the Chinese Academy of Social Sciences, believes that Abe's achievements in economic governance are obvious to everyone, but there are also serious problems. The most serious of these is the difficult financial situation, which has never changed.</p><p>Liu Yun, an associate researcher at the Northeast Asian Institute of China Institute of Contemporary International Relations, believes that if we only look at Japan's GDP, there will be a misunderstanding that Abenomics is not very successful. However, if we look at it as a whole, the Japanese economy is an upward posture. For example, Japan's wages have increased and the profits of large enterprises have increased well, so the Japanese economic situation has improved.</p><p><b>'Lost' began in 1990</b></p><p>The original intention of \"Abenomics\" was to save Japan's persistently sluggish economy. The \"lost decade\" was first proposed when the Japanese stock market bubble burst in 1990.</p><p>More than a decade before the burst of the bubble that left Japan unable to recover, Japan had been a \"country of miracles\".</p><p>From the early labor-intensive enterprises such as cotton textile began to accumulate capital, and then later, with manufacturing as the core industry, actively expanded investment and introduced advanced foreign technologies, and quickly rebuilt the national industrial system from the postwar ruins.</p><p>By 1964, the Tokyo Olympic Games had become an important symbol connecting Japan's economic development and transformation. Due to the demand for steel in large-scale infrastructure construction and the demand for color TV at the opening of the Olympic Games, Japan's steel and electromechanical industries had flourished, and Japan had experienced a complete development stage from \"exchanging shirts for airplanes\" to \"Made in Japan\".</p><p><img src=\"https://static.tigerbbs.com/0d0a4f35b86afc5382004806076b2487\" tg-width=\"528\" tg-height=\"323\" referrerpolicy=\"no-referrer\"/></p><p>In 1965, Japanese steel exports to the United States accounted for half of all U.S. imports, and in 1968, Japan became the world's second largest economy after the United States.</p><p>At the same time, Japanese firmly grasped the new generation of industrial revolution. Automobile, steel, telecommunications, semiconductors and pharmaceuticals fully dominated the U.S. market, and Hitachi, NEC, Fujitsu, Mitsubishi and Toshiba joined forces.</p><p>In the successive trade deficit of the United States with Japan that year, the industrial giants suffered losses year after year, and Intel was even on the verge of bankruptcy.</p><p>Beaten up by Japanese goods, the United States has launched a trade war that now looks familiar to Chinese people.</p><p>Starting in 1981, Japanese cars sold worldwide began to be heavily taxed by the United States and restricted on export quotas.</p><p>At the same time, the United States has imposed 100% tariffs on Japanese high-tech products such as computers and televisions on the grounds that Japan has \"dumping behavior\". Japanese semiconductors are subject to a lower export price limit, and Japanese chips are subject to 100% punitive tariffs.</p><p><img src=\"https://static.tigerbbs.com/2325f7d267568d30d4ad4c0f6022d74e\" tg-width=\"528\" tg-height=\"326\" referrerpolicy=\"no-referrer\"/></p><p>U.S. lawmakers smash Japanese products live</p><p>In addition, executives of Japanese enterprises were arrested in the name of \"industrial espionage\", and Japan was accused by the United States of being a \"currency manipulator\", stealing intellectual property rights from the United States, and was required to increase imports of American agricultural products, cancel trade terms that were unfavorable to foreign enterprises, and let Japan impose voluntary export restrictions in textile, steel, television and machine tool industries, while transferring factories and upgrading industries...</p><p>While constantly accusing Japan of supporting industrial policies through the state, the United States introduced a new trade law in 1988, using the \"Super 301\" clause-blatantly legislating to interfere with Japan's industrial and trade policies, forcing Japan to carry out institutional reform.</p><p>In 1989, Japan and the United States began negotiations on the \"Japan-US Structural Agreement\", which negotiated economic policies, institutions and corporate behaviors, which prompted Japan to carry out open reforms in circulation system and business practices: for example, taking housing as a strategic industry and further opening up the circulation system; Further open up the domestic market and reorganize the import and export system in accordance with the principle of free trade.</p><p>As of 1989, the U.S. Trade Representative had launched a total of 24 Section 301 investigations into Japan, almost all of which had been conceded by the Japanese government.</p><p>At the same time, the yen was forced to appreciate sharply against the dollar due to the \"Plaza Agreement\" reached by the United States, Japan, the Federal Republic of Germany, France and the United Kingdom in 1985. After \"Black Monday\" in October 1987, the yen appreciated to 120 yen/dollar, an increase of 90% in 1988.</p><p><img src=\"https://static.tigerbbs.com/12ab4dd9acfe04f8aab569cb046a73ff\" tg-width=\"528\" tg-height=\"337\" referrerpolicy=\"no-referrer\"/></p><p>Plaza Agreement Signing Site</p><p>The sharply appreciated yen has dealt a devastating blow to Japan, which is mainly an export-oriented economy. The production cost has risen sharply, and high-quality enterprises have begun to flee overseas. In order to cope with the exchange rate crisis, the Japanese government has begun to cut interest rates sharply, hoping to \"send money\" so that enterprises can invest in factories at low cost.</p><p>In fact, due to the long industrial return cycle, a large amount of Japanese yen lent at low interest rate has not been invested in the real economy, and the abundant liquidity of the money market began to flow into the housing market, stock market and luxury goods market with the \"strong\" sharp appreciation of the yen after the Plaza Accord.</p><p>Since 1986, Japan's rapidly expanding economic prosperity has been called the \"Heisei boom\". At the end of 1985, the Nikkei 225 stock price index closed at 13,083 points and at the end of 1989, it closed at 38,916 points. In the past four years, the Nikkei 225 index has risen by 197.45%, and the total stock market value has continued to expand to 896 trillion yen, accounting for 60% of Japan's GDP that year.</p><p><img src=\"https://static.tigerbbs.com/9f5d38582a2e3123322a61e5b005f13f\" tg-width=\"528\" tg-height=\"312\" referrerpolicy=\"no-referrer\"/></p><p>The streets of Japan in the 80s</p><p>The land price in Tokyo is soaring, and the land price of the Japanese emperor's Tokyo Imperial Palace exceeds the land valuation of the whole France; Even if a 10,000 yen note is thrown on the ground in the Ginza area, you can't buy the small piece of land it covers.</p><p>At the same time, the Japanese became the world's largest consumer of luxury goods, sweeping watch stores, jewelry stores and wine wineries around the world. Foreign banks and securities companies were weak in counting money in the Japanese market.</p><p>After a large number of stock index short-selling options, which completely deviate from economic reality, it erupts when the bubble expands to the extreme.</p><p>In October 1990, Japan's five-year bull market ended, and the stock market plunged 63.24%, creating the largest decline in Japanese stock market history. The following year, the property market plunged 65%, bankrupt businesses emerged, the number of unemployed people surged, and the wealth of the whole country shrank by nearly 50%.</p><p>At the same time, the short-term sharp recession made countless ordinary people who had no time to get out \"trapped\" by various capital investment targets, and an economic reshuffle made the wealth of the whole society transfer to at least a few winners.</p><p>Since then, the Japanese economy has begun to be in a long-term downturn.</p><p>The Nikkei Average dropped by more than 82% from an all-time high of 38,957 on December 29, 1989 to a low of 6,994.9 on October 29, 2008. The Nikkei Average still hovered around 10,000 points for the next four years.</p><p>That is, since the late 1990s, the \"lost decade\" of Japan's economy began to appear in the newspapers, and the problem has not been solved so far.</p><p><img src=\"https://static.tigerbbs.com/ced67142e550e77f5f84c394cba59c8d\" tg-width=\"528\" tg-height=\"383\" referrerpolicy=\"no-referrer\"/></p><p><b>What exactly has Japan lost in thirty years?</b></p><p>In 2010, because the Japanese economy is still not improving, the media began to raise the \"lost twenty years\" of the Japanese economy.</p><p>In fact, \"twenty years\" is still not the end of Japan's economic decline. Since the highest closing point of the Nikkei 225 index in history at 38957, it has gone down all the way since then, falling to less than 10,000 points many times during this period, and it didn't stop falling until 2017.</p><p>At the close of trading on July 7, 2022, the Nikkei 225 Index closed at 26,490.53 points, still more than 10,000 points short of its peak.</p><p>The \"Plaza Accord\", which allowed the yen to appreciate sharply, is considered by many to be the root cause of the Great Depression triggered by Japan's bubble economy.</p><p>But the criticism of the Plaza Accord is not unanimous in the analysis of the Great Depression. Toyo Yokuten, the former deputy minister of the Ministry of Treasury of Japan, even personally came forward to refute this view.</p><p>Because from 1985 to 1990, with overseas investment under the strong yen, Japan's overseas net assets rose from more than 1 trillion dollars to more than 3 trillion dollars, which is the so-called \"there is another Japan besides Japan\"- -</p><p>While the yen has appreciated by 300% in 10 years, it is a huge increase in production costs and labor costs. In order to maintain their competitiveness, a large number of Japanese enterprises have to look overseas, which makes Japanese enterprises' capital outflow rapidly.</p><p>The rapidly appreciating yen and the increasingly anxious Japan-US trade war have also contributed to this outflow-the strong yen facilitates Japanese companies to invest in overseas companies, and at the same time, building factories abroad can bypass US sanctions on \"Made in Japan\".</p><p>From 1985 to 1990, Japanese enterprises carried out a total of 21 giant overseas mergers and acquisitions worth more than 50 billion yen.</p><p>In 1989, Mitsubishi bought the Rockefeller Center for $1.4 billion, Panasonic bought Universal Pictures for $6 billion, and Sony bought Columbia Pictures for $3.4 billion-including the Spider-Man copyright that Marvel has not recovered now;</p><p>The Japanese even have the ambition to buy the United States as \"the 41st prefecture of Japan\". Why does the city look so like Tokyo from the 70th floor of the InterContinental Hotel in Los Angeles?</p><p>Because the Japanese bought half of the property here back then.</p><p><img src=\"https://static.tigerbbs.com/6420f38680bf983f828177b00418e180\" tg-width=\"528\" tg-height=\"375\" referrerpolicy=\"no-referrer\"/></p><p>Some Japanese believe that Japan will become the next \"superpower\" and that the government will lead the people to \"end the American era,\" wrote Kanji Ito, a Japanese scholar in \"Across the Pacific Fury.\"</p><p>It is just that these properties belong to giant enterprises, consortia, speculators and wealthy foreign businessmen, but they alone do not belong to the Japanese people.</p><p>In 2020, Sankei Shimbun reported that the revenue of Japanese overseas local legal entities has increased by 220% in the past 20 years, while according to OECD statistics, Japan's per capita purchasing power level in 2020 was only $39,000, an increase of only 4% compared with 1990.</p><p><b>Income unchanged for thirty years</b></p><p>After 1900, investment activity in Japan came to an abrupt halt.</p><p>Banks go bankrupt, factories close down, mortgage disaster, and banks full of non-performing assets have to merge and reorganize; The sharp rise in production costs has caused a large number of enterprises to close down, and the worst is that ordinary people are laid off in the tide of bankruptcy, their lifelong savings are volatilized in the bubble crisis, and they have to carry heavy mortgage loans.</p><p>After the collapse of lifelong employment system and annual merit sequence, they worked overtime desperately in order to keep their jobs. Although the \"social animal\" culture was not born in Japan's bubble crisis, it was solidified after that-accepting the squeeze of competition and production efficiency has become the most helpless choice for Japanese migrant workers.</p><p>But the flood of social development has propelled the Japanese forward, but it has failed to give them the reward they deserve.</p><p><img src=\"https://static.tigerbbs.com/11648f82b27132391bb1a6cef2c3432a\" tg-width=\"528\" tg-height=\"296\" referrerpolicy=\"no-referrer\"/></p><p>In February 2021, Japan's Ministry of Health, Labor and Welfare released the \"Hardworking Statistics Survey\", which showed that Japan's per capita monthly salary in 2020 was 318,299 yen, or about 19,600 yuan, a year-on-year decrease of 1.2% and the largest decline in 12 years.</p><p>This figure was about 350,000 yuan in 1990. At that time, the average annual income of Japanese was 4.25 million yen. Based on the exchange rate at that time, the monthly salary was about 11,600 yuan.</p><p>The average annual income of \"standing still\" for 30 consecutive years has become the most violent \"contraceptive pill\" in Japan.</p><p><b>2. Irreversible aging</b></p><p>In 2020, Japan's total population ranked 11th in the world, falling out of the top 10 for the first time since 1950. From 1974 to 2020, Japan's birth rate dropped from 1.86% to 0.67%, and it began falling into 13 consecutive years of negative population growth around 2008.</p><p>At the same time, the population of the elderly aged 65 and over in Japan reached 36.4 million, accounting for 29.1% of the total population.</p><p>Low births and aging leads to a serious labor supply shortage and a slowdown in labor productivity growth in Japan, which in turn leads to a sustained slowdown in economic growth:</p><p>\"From 1961 to 2020, the growth rate of Japan's working-age population and labor productivity basically changed synchronously with the economic trend. From 1961 to 1975, the average growth rate of Japan's working-age population remained at a high level of 1.6%, the growth rate of labor productivity reached a peak of 8.4%, and the average growth rate of real GDP also remained at a high level of 7.7%; From 1976 to 1988, the working-age population and labor productivity maintained a low growth rate of 0.9% and 3.7% respectively, and the real GDP growth rate also dropped to 4.4%; From 1989 to 2020, the growth rates of working-age population and labor productivity dropped sharply from 0.9% and 4.4% to-0.8% and 1.1% respectively, and the real GDP growth rate dropped from 5.4% to-4.4%. \"</p><p>With the decline of the working population and the continuous reduction of tax revenue, the expenses such as pensions are expanding rapidly. Since 1990, the number of people living on pensions has been five times that of taxpayers.</p><p><img src=\"https://static.tigerbbs.com/8c92a0dfa8f71abcdb41b554124294a7\" tg-width=\"528\" tg-height=\"302\" referrerpolicy=\"no-referrer\"/></p><p>In 2004, Japan launched the pension reform, raising taxes by 0.354% every year. By 2017, the pension paid by taxpayers had accounted for 18.3% of personal annual income, which became a heavy burden on the Japanese people.</p><p>Japan's human development index (which measures per capita GDP, education, and health care) fell from first in the world in 1990 to 19th in the world in 2020.</p><p>At the same time, Japanese young people have a negative attitude towards life, low material desire and lack of motivation to struggle due to the expected decline in income, resulting in the \"hibernation\". According to the definition of the Ministry of Health, Labor and Welfare of Japan, hibernate people are people who stay at home for more than 6 months and almost cut off contact with the outside world. According to the data of the Survey on Living Conditions of the Cabinet Office of Japan, there are 541,000 hibernate people aged 15-39 and 40-64, respectively.</p><p>The consumption and house purchase demand of the elderly are far lower than those of young people, and young people seriously lack consumption desire, which makes it difficult to greatly increase the total consumption, and Japan has fallen into a \"low desire society\".</p><p><b>3. Lifelong QE, but always weak</b></p><p>In 2021, Japan dropped from the \"5 prefix\" with a total GDP of 4,937.4 billion US dollars, but it is still an economic power that is proud of Europe and ranks as the third largest economy in the world, and it seems not bad.</p><p>But in fact, Japan's GDP reached $5.55 trillion in 1995. At that time, the ratio of Japan's GDP to the GDP of the United States was 71.34%. In 2021, this ratio became 21.46%.</p><p><img src=\"https://static.tigerbbs.com/0823be1f503a8cdff0d86e9ba57b90cf\" tg-width=\"528\" tg-height=\"231\" referrerpolicy=\"no-referrer\"/></p><p>Compared with its past glory, Japan is indeed somewhat embarrassed today.</p><p>At the same time, Japan's macro leverage ratio is also leading the world. According to the latest data from the Bank for International Settlements (BIS), at the end of the second quarter of 2021, the macro leverage ratio of various countries was 286.2% in the United States and 284.3% in the euro zone, while it was 416.5% in Japan.</p><p>The huge scale of the debt comes from Japan's decades-long quantitative easing.</p><p>quantitative easing is an innovation in Japan's financial field.</p><p>In 1998, the central bank of the Bank of Japan began to implement the zero interest rate and quantitative easing policy for the first time, that is, the regulation of economic activity through control of the supply of currency.</p><p>In 2013, Bank of Japan Governor Haruhiko Kuroda launched a monetary policy stimulus plan to boost inflation.</p><p>Since 2013, the yen has continued to depreciate against the US dollar, and exports have achieved a substantial increase; At the same time, Japan's benchmark interest rate has been going down all the way, and the 10-year Treasury Bond interest rate even dropped to a negative number in 2016.</p><p>At the same time, the Bank of Japan began to purchase ETFs (exchange-traded funds) on a large scale, with an average annual ETF purchase scale of nearly 4 trillion yen. By 2021, the stocks held by the Bank of Japan will account for more than 80% of stock ETFs and more than 5% of the total market value of Tokyo Stock Exchange.</p><p>Although the Nikkei 225 index has strengthened all the way from around 8,000 points in 2012, and even broke the 30,000 point mark in February 2021, it still seems to be a bubble boom in a mirror, because the huge amount of base money injected by the Bank of Japan has neither driven up inflation nor economic growth.</p><p>In terms of economic structure, except for core basic raw materials, Japan still maintains its barrier advantage, and almost all other industries are stagnant. The markets of automobile, shipbuilding, machine tools and electronic industries are all being divided by the United States, China, South Korea and other countries, and few achievements have been made in emerging industries.</p><p>At present, there are only 6 unicorn companies in Japan, which are significantly behind the 554, 180, 64, 43 and 26 companies in the United States, China, India, Britain and Germany, and their valuations are all less than $2 billion.</p><p>At the same time, Japan's debt expanded sharply. As of the end of December 2021, Japan's national debt, comprising Treasury Bond, borrowings and short-term government securities, reached 1,218.4 trillion yen, and the per capita debt of Japanese nationals was approximately 9.71 million yen, or approximately 534,573 yuan.</p><p>However, at a time when the central banks of the United States, Britain and Europe have all begun to tighten, the Bank of Japan has still not changed its loose monetary policy.</p><p><b>\"Against the Market\" Loose, Unlimited Money Printing, Japanese Yen Falling Streak</b></p><p>The yen's losing streak began in March.</p><p>After the Fed's rate hike landed in March and released the signal that it would increase the magnitude of rate hike and accelerate the shrinking balance sheet in the future, both Britain and Europe began to accelerate the tightening of monetary policy, but the Bank of Japan did the opposite and insisted on maintaining the quantitative easing policy.</p><p>On March 28th, the Bank of Japan issued a press release announcing that it would launch the \"continuous designated price market operation\" measure to curb the rise of interest rates from March 29th to 31st, that is, to purchase unlimited public bonds from private financial institutions at the designated interest rate.</p><p>On the same day, the Japanese yen exchange rate plunged by 1.38%.</p><p>On April 20th, less than a month later, the Bank of Japan announced the unlimited purchase of 10-year Treasury Bond to defend the 0.25% yield ceiling of 10-year Japanese Treasury Bond, which once again pushed the depreciation of the yen.</p><p>Some experts believe that because the depreciation of the yen is conducive to Japan's export-oriented economy, the Bank of Japan has always regarded the loose monetary environment as an important means to boost market expectations, especially at the moment when it has just entered the new fiscal year, it is more difficult for the Bank of Japan to tighten its monetary policy.</p><p>But can easing save the Japanese economy?</p><p>In fact, Japan's trade structure is not stable. Since the Abe administration took office and introduced the unlimited stimulus policy, the total export volume has declined continuously from 2012 to 2015, and only 2016 and 2017 maintained a trade surplus.</p><p><img src=\"https://static.tigerbbs.com/2b2490580bd25519041d5aef1bb5c3c0\" tg-width=\"525\" tg-height=\"263\" referrerpolicy=\"no-referrer\"/></p><p>Recently, the global price of crude oil and raw materials has soared, and the depreciation of the yen has raised the cost of Japanese enterprises and broadened the channels of imported inflation. At the same time, according to the data of \"Value-added Trade Statistics\" released by OECD, the added value created in Japan has dropped from 94% in 1995 to 83% in 2018, a decrease of 11%. Japan's related high value-added products and services have become increasingly difficult to offset its rising production costs.</p><p>The only benefit is Japanese local speculators. With the sharp landing of the Federal Reserve, the yield of U.S. bonds continues to soar, and the spread between the U.S. and Japan in Treasury Bond has become wider and wider. Therefore, local speculators began to short-sell Japanese yen on a large scale and borrow Japanese yen to buy arbitrage of U.S. bonds.</p><p>What about the common people?</p><p>The rise of prices has led to the rise of the cost of living and the weakening of consumption power, and the \"lost thirty years\" seem to be postponed again-the depreciation of the yen, which is considered \"conducive to the economy\" by the Bank of Japan, has never effectively boosted Japan's economic growth for many years, but has made it impossible for the Japanese economy to escape from the large-scale financial easing policy for more than ten years.</p><p>Thirty years ago, Yasushi Mie, then governor of the central bank, warned the government that a country must not survive by blowing economic bubbles, otherwise it will be a great harm to the country.</p><p>So shortly after he took office, Japan implemented a tight monetary policy, greatly raised lending rates, and took the initiative to burst the bubble. This hard landing plunged Japan into decades of depression, but it was often regarded as the decisive decision of \"a strong man breaking his wrist\" by later generations.</p><p>It's just that the front car has been overturned, and the latter is unknown.</p><p>Thirty years later, Japan still seems to be the same Japan.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/vyE5FKltsfEpcN7v5P6r4w\">风暴眼工作室</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ab6491f7a764c5c5f68017952b8c2931","relate_stocks":{},"source_url":"https://mp.weixin.qq.com/s/vyE5FKltsfEpcN7v5P6r4w","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1172335974","content_text":"7月8日，日本前首相安倍晋三遭遇枪击的消息震惊全世界。据央视报道，当地时间8日，日本前首相安倍晋三当天上午在奈良发表演讲时中枪 。据悉，安倍晋三在上救护车时还有意识，目前安倍晋三已经没有生命体征。日元汇率也受到了影响，截至7月8日11：30，美元兑日元跌幅扩大至0.47%，报135.37，日元有所升值。安倍遇刺，日元为何会突然升值？或许与其任期内力主推动的“安倍经济学”有关。安倍晋三2012年底上台后加速实施的一系列刺激经济政策，最值得注目的就是宽松货币政策，日元汇率开始加速贬值。今年以来，日元汇率持续下跌态势更加明显。6月13日，日元兑美元汇率一度跌破135日元兑换1美元关口，创下约24年的新低。而从2021年初至今的一年多时间内，日元相对美元已经大幅贬值超过25%。作为传统避险货币持续大跌，让日债和日元资产开始被大幅抛售。虽然日本央行行长黑田东彦重申了他的观点，即日本央行必须维持其大规模刺激计划，以支撑脆弱的经济复苏。但对于普通日本人，脆弱的经济复苏是否需要用日元的大幅贬值来支撑还是值得商榷，毕竟日本作为一个进口大国，能源对外依存度高达88%，粮食自给率仅有37%。日元贬值带来的大宗商品价格抬升，将直接影响市民的生活。尤其是大幅宽松了这么多年，可从1990年日本经济崩溃以来，日本平均年GDP增长率不足1%。宽高了房产、宽起了物价，独独没有宽起来居民的可支配收入，人们多少缺乏点信心。在已经经历了“失落的十年”、\"失落的二十年\"、“失落的三十年”之后，日本的失落眼看着要奔向亚特兰蒂斯的那个时间维度去了。第四个十年，日本又是否能绝地翻盘呢？安倍和他的“安倍经济学”虽然安倍晋三在2020年8月就已经辞任首相，但日元如今的大幅贬值却和他的“安倍经济学”联系紧密。2012年底，安倍晋三再次担任日本首相，随即抛出“拼经济”路线，被媒体热炒为“安倍经济学”。所谓“安倍经济学”，是通过实验性质的货币政策(简称QQE)、积极财政政策和经济结构改革来解决日本经济问题的政策组合。包括“三大策略”：其一，提出日本史上最大规模的量化宽松（QE）货币政策，央行每月购买国债7.5万亿日元；其二，突破前任政府预算总额70万亿日元的扩张性财政政策；其三，囊括《跨太平洋战略经济伙伴协定》（TPP）、放松管制以唤起民间投资和促进创新等在内的一揽子增长战略。安倍经济学是为了解决1990年代以后日本经济不断低迷而做出的最新努力。那么实施效果如何呢？全球宏观投机的一篇分析文章指出，安倍经济学是一个伟大的经济实验，日本金融家和政治家打破成见，用结构调整、财政和货币政策三管齐下的方法提升日本潜在经济增长率，克服通货紧缩。实验的前三年，获得了相当成功。文章同时也指出，“安倍经济学”2016到2020年则表现暗淡。新冠疫情冲击下部分安倍经济学的目标得以实现，尤其是通胀预期、日元汇率、真实利率和股票价格等，但是同期的潜在产出成长并不佳，证明了结构改革推进不力。中国社会科学院日本研究所副所长张季风认为，安倍在经济治理上的成绩大家有目共睹，但是也有较为严重的问题。其中最严重的问题就是财政状况困难，这个局面始终没有得到改变。中国现代国际关系研究院东北亚研究所副研究员刘云认为，若仅从日本GDP来看，会有所误解，认为安倍经济学不太成功。但如果从整体上看，日本经济是一个向上的姿态，例如日本的工资有增加、大企业利润增速不错，所以日本经济形势是有所好转的。“失落”始于1990“安倍经济学”的初衷是为了挽救日本持续低迷的经济。而“失落的十年”最早被提出，则是1990年日本股市泡沫破灭。在这场让日本一蹶不振的泡沫大破灭之前的十数年，日本曾是“缔造奇迹的国家”。从早期的棉纺织等劳动密集型企业开始积累资本，再到后来以制造业为核心产业，积极扩大投资、引进国外先进技术，从战后的废墟里迅速重建起本国的工业体系。到1964年，东京奥运会更是成为衔接日本经济发展转型的重要标志，由于大规模基建对钢铁的需求以及奥运会开幕对彩电的需求，日本的钢铁、机电行业蓬勃发展，日本经历了一个完整的“用衬衫换飞机”到“日本制造”的发展阶段。1965年，日本输出美国的钢铁占到了美国进口总量一半，1968年，日本成为了仅次美国的世界第二大经济体。与此同时，日本牢牢抓住了新一代的产业革命，汽车、钢铁、电信、半导体、制药全面制霸美国市场，日立、NEC、富士通、三菱和东芝群雄并起。而美国在当年对日的连年贸易赤字中，产业巨头们一片连年亏损，英特尔甚至一度濒临倒闭。在被日货打得找不着北的窘境之下，美国不顾脸面地发起了一场国人如今看起来很眼熟的贸易战——从1981年开始，行销全球的日系汽车开始被美国课以重税，并且在出口额度上被加以限制。同时，美国以日方“存在倾销行为”为由对日本的电脑、电视等高科技产品征收100%的关税，日本的半导体被设置出口价格下限、日本的芯片被征收100%惩罚性关税。美国议员直播砸碎日本产品此外，日系企业的高管被以“产业间谍罪”为名拘捕，日本被美国指责为“汇率操纵国”、从美国窃取知识产权，并被要求加大对美国农产品的进口力度、取消对外企不利的贸易条款、让日本在纺织品、钢铁、电视和机床等行业都实行自愿出口限制，同时进行工厂转移和产业升级……在不断指责日本通过国家扶持产业政策的同时，美国却在1988年出台新的贸易法，启用“超级301”条款——公然立法干预日本的产业与贸易政策，迫使日本进行制度性改革。1989年日美开始“日美结构协议”谈判，就经济政策、制度及企业行为等进行磋商，促使日本在流通体制、商业惯例等方面进行开放性改革：例如把住房作为战略性产业，进一步开放流通体制；进一步开放国内市场，按照自由贸易的原则重组进出口体制。截至1989年，美国贸易代表总计向日本发起了24例301条款案件调查，几乎全部由日本政府做出了让步。同时，由于1985年美国、日本、联邦德国、法国和英国达成的“广场协议”，日元兑美元汇率被迫大幅升值。1987年10月的“黑色星期一”之后，日元升值到120日元/美元，1988年度升幅高达90%。广场协议签订现场大幅升值的日元对以出口型经济为主的日本造成了毁灭性的打击，生产成本急剧上涨、优质企业开始逃向海外，为了应对汇率危机，日本政府开始大幅降息，寄希望于“发钱”让企业可以低成本去投资办厂。可实际上，由于实业回报周期过长，低利率贷出大量的日元并没有被投入到到实体经济，货币市场的充裕流动性，随着日元在广场协议后大幅升值的“强势”开始大量流入房市、股市以及奢侈品市场。1986 年开始，日本飞速膨胀的经济繁荣被称为“平成景气”，1985年末日经225股价指数收于13083点， 1989年末收于38916点，四年间日经225指数累计上涨197.45%，并且股票总市值继续膨胀至896万亿日元，占日本当年国民生产总值的60%。80年代的日本街头东京的地价则是坐地飞升，日本天皇的东京皇居土地价格就超过了整个法国的土地估价；银座地区一张1万日元的纸币扔在地上，也买不到它所覆盖的那一小片土地。同时，日本人成了全球最大的奢侈品消费国，他们横扫全球的手表店、珠宝店以及红酒酒庄，外资银行与证券公司在日本市场数钱数到手软。与经济现实完全背离的大批股指沽空期权之后，是泡沫膨胀到极致时爆发。1990年10月，日本长达5年的牛市结束，股市暴跌63.24%，创造了日本股市历史上最大的下跌幅度。次年，楼市暴跌65%，破产企业层出不穷，失业人群人数激增，整个国家财富缩水了近50%。同时，短期的大幅衰退让无数来不及抽身的普通人被各项资本投资标的物“套牢”，一场经济大洗牌让全社会的财富被转移至少数赢家手中。此后，日本经济开始长期处于低迷状态。日经平均指数由1989年12月29日历史高位38957，到2008年10月29日最低6994.9，累积跌幅逾82%，其后4年日经平均指数仍然始终徘徊在10,000点左右。也就是从90年代末开始，日本经济“失去的十年””开始不断见诸报端，并至今难题未解。三十年里，日本具体失去了什么？2010年，由于日本经济仍无起色，媒体开始提出日本经济“失去的二十年”。实际上，“二十年”依旧不是日本经济颓靡的终点。自38957的日经225指数历史最高收盘点位开始算起，此后一路下行，期间多次跌至1万点一下，直至2017年才止跌。2022年7月7日收盘，日经225指数收盘报26490.53点，距其最高点仍有一万多点的差距。那个让日元急剧升值的“广场协议”，被许多人认为是日本泡沫经济引发大萧条的根源。但对于这次大萧条的分析中，对于广场协议的批判并不是一致的。原日本大藏省副相行天丰雄甚至亲自出面驳斥过这一观点。因为在1985年~1990年，借强势日元下的海外投资，日本海外净资产从1万多亿美元上升到3万多亿美元，也就是所谓的“日本之外，还有一个日本”——日元10年升值300%的同时，是生产成本与人力成本的巨幅抬升。为了保持自己的竞争力，大量日企不得不将目光投向海外，这使得日企资本急速外流。升值迅速的日元与日渐焦灼的日美贸易战也助推了这一外流——强势的日元方便日企投资收购海外企业，同时在外建厂可以绕开美国对“日本制造”的制裁。从1985年到1990年，日本企业总共进行了21起500亿日元以上的巨型海外并购案。1989年，三菱公司14亿美元买下的洛克菲勒中心、松下60亿美元买下的美国环球影业、索尼公司以34亿美元买下哥伦比亚影片公司——其中包括漫威如今都没能收回的蜘蛛侠版权；日本人甚至雄心壮志地要将美国买成“日本的第四十一个县”，为什么从洛杉矶洲际酒店70楼看去的城市那么像东京？因为当年日本人买下了这里一半的地产。日本学者伊藤感在《横跨太平洋的愤怒》中写到，一些日本人相信日本会成为下一个\"超级大国\"，政府会带领民众\"终结美国的时代\"。只是这些地产，属于巨企、属于财团、属于投机者、属于外籍富商，但独独不属于日本的人民。2020年《产经新闻》报道，日本海外当地法人的营收在近20年内增长了220%，而按照OECD的统计数据，日本2020年的人均购买力水平仅为3.9万美元，比1990年仅增长了4%。1、三十年不动的收入1900年以后，日本的投资活动戛然而止。银行破产、工厂倒闭、房贷成灾，充斥着不良资产的银行不得不合并重组；剧烈抬升的生产成本让企业大批倒闭，最惨的还是普通人——在倒闭潮中被裁员、一辈子的积蓄在泡沫危机中挥发、还要背上沉重的房贷。而在终身雇佣制和年功序列崩解后，为了保住工作而拼命加班，“社畜”文化虽然不诞生于日本的泡沫危机，但却在这之后得到了固化——接受竞争和生产效率至上的齿轮对自己的压榨，成了日本打工人最无奈的选择。但社会发展的洪流推进着日本人前进，却没能给他们应有的回报。2021年2月，日本厚生劳动省发布的“勤劳统计调查”显示，日本2020年的人均月薪为31万8299日元，约合1.96万元人民币，同比减少1.2%，创下12年以来最大降幅。而这一数字在1990年时是35万元左右，当时的日本人平均年收入是425万日元，以当时的汇率计算，月薪约合1.16万人民币。连续30年“原地踏步”的平均年收入，成了日本最猛烈的“避孕药”。2、难以逆转的老龄化2020年，日本总人口居世界11位，是1950年以来首次跌出前十。从1974到2020年，日本出生率由1.86%降至0.67%，在2008年左右开始陷入连续13年的人口负增长。同时，日本65岁及以上老年人口达3640万，在总人口中所占比例达29.1%。少子老龄化，导致日本陷入严重的劳动力供给不足、劳动生产率增速趋缓，进而使经济增速持续放缓：“1961-2020年日本劳动年龄人口增速、劳动生产率增速与经济走势基本同步变化。伴随1961-1975年日本劳动年龄人口平均增速维持在1.6%的高位、劳动生产率增速达到8.4%峰值，实际GDP平均增速也维持在7.7%的高位；1976-1988年劳动年龄人口、劳动生产率分别维持0.9%、3.7%的低速增长，实际GDP增速也降至4.4%；1989-2020年劳动年龄人口、劳动生产率增速分别从0.9%、4.4%大幅降至-0.8%、1.1%，实际GDP增速从5.4%降至-4.4%。”在劳动人口下降，税收不断减少的情况下，需要支出的养老金等费用却在急速扩大，自1990年起，依附养老金生活的人数已经是纳税人的5倍。2004年日本启动了养老金改革，每年以0.354%的涨幅提高税收，到2017年纳税人缴纳的养老金已占到个人年收入的18.3%，成了日本民众沉重的负担。日本人类发展指数的排名（测量人均GDP，教育，以及医疗），则从1990年的世界第一掉落至2020年的世界第十九。同时，日本年轻人因预期收入下降而形成的生活态度消极、物质欲望低下、缺乏奋斗动力的风气，由此产生“蛰居族”。根据日本厚生劳动省定义，蛰居族为持续6个月以上待在家里不出门，几乎和外界断绝联系的人群，根据日本内阁府《生活状况相关调查》数据，15-39岁、40-64岁人口蛰居族分别达54.1、61.3万人。老年人的消费和购房需求远低于年轻人，年轻人又严重缺乏消费欲望，使得总消费难以大幅提升，日本陷入“低欲望社会”。3、终身QE，却始终乏力2021年，日本以49374亿美元的GDP总量跌下“5字头”，但依旧是傲视欧洲，名列世界第三大经济体的经济大国，看起来似乎并不差。但实际上，日本1995年GDP就已经达到了5.55万亿美元，当时日本GDP与美国GDP的比率是71.34%，2021年，这个比率变成了21.46%。与过往的辉煌相比，如今的日本确实有些困窘。同时，日本的宏观杠杆率也在全球领先。国际清算银行（BIS）最新数据显示，2021 年二季度末，各国宏观杠杆率中美国为286.2%、欧元区为284.3%，而日本为416.5%。庞大的债务规模来源于日本数十年的量化宽松。量化宽松，是日本在融领域的一个创新。1998年，日本央行本央行第一次开始实行零利率和量化宽松政策，即通过对通货供应量的控制来调节经济活动。2013年，日本央行行长黑田东彦推出提振通胀的货币政策刺激计划。从2013年开始，日元兑美元持续贬值，出口实现了较大幅度增长；同时日本基准利率一路下行，十年期国债利率在2016年甚至下降至负数。同时日本央行开始大规模购入ETF(交易所交易基金)，年均ETF购买规模接近4万亿日元，到2021年，日本央行持有股票占股票ETF的80%以上，占东京证券交易所总市值的5%以上。虽然日经225指数从2012年的八千点附近，一路走强，在2021年2月甚至突破了三万点大关，但这似乎仍然是一场镜花水月的泡沫化繁荣，因为日本央行注入的巨量基础货币既没有拉高通胀率，也没有拉动经济增长。经济结构上，日本除核心基础原材料依然保持壁垒优势，其他产业几乎都在裹足不前。汽车、造船、机床、电子产业的市场都在被美、中、韩等国瓜分，新兴产业上更是少有建树。目前日本独角兽企业数量仅6家，大幅落后于美、中、印、英、德、的554、180、64、43、26家，且估值均小于20亿美元。同时，日本的债务急剧扩张，截至2021年12月底，由国债、借款及政府短期证券构成的日本国家债务达到1218.4万亿日元，日本国民人均负债约为971万日元，约合人民币53万4573元。但在美、英、欧等央行均已开始紧缩步伐的当下，日本央行却仍旧未改变宽松的货币政策。“逆市”宽松、无限量印钞、日元连跌日元的连跌始于3月份。在3月美联储加息落地，并释放后续将加大加息幅度和加快缩表的信号后，英、欧均开始加速收紧货币政策，但日本央行却反其道而行之，坚持维持量化宽松政策。3 月 28 日，日本央行发布新闻稿宣布，将在3月 29-31 日间，发动抑制利率上升的“连续性指定价格市场操作”措施，即以指定的利率，无限量从民间金融机构手中收购公债。当天，日元汇率重挫1.38％。4月20日，不到一个月的时间内日本央行又宣布无限量购买10年期国债，以捍卫10年期日本国债0.25%的收益率上限，再度推动了日元的贬值。有专家认为，由于日元贬值有利于日本以出口为导向的经济，日本央行一直将宽松的货币环境作为提振市场预期的重要手段，尤其是在刚刚进入新财年的当下，日本央行更难有可能收紧货币政策。但宽松能挽救日本经济吗？实际上，日本贸易结构并不稳定，自安倍政府上台推出无限刺激政策后，出口总额在2012~2015年连续下降，仅2016、2017年两年保持了贸易顺差状态。近期全球原油和原材料价格飙升，日元贬值更是抬高了日本企业的成本，拓宽了输入型通胀的渠道。同时，根据OECD发布的“附加值贸易统计”数据显示，日本国内创造的附加值已经从1995年的94％降至2018年的83％，降低了11％，日本相关高附加值产品和服务已经越来越难抵消其不断提升的生产成本。唯一得益的，是日本本土的投机者们，随着美联储大幅落地，美债收益率持续飙涨，美日国债利差已经越来越大，于是本土的投机者们开始大规模沽空日元，借日元买美债的套利。对于老百姓来说呢？物价提升导致生活成本上升、消费力削弱，“失落的三十年”似乎又要延期——被日本央行认定“有利于经济”的日元贬值，多年来从未有效提振过日本的经济增长，反而让日本经济十数年来无法从大规模金融缓和政策中脱出。三十年前，时任央行行长三重野康告诫政府：一个国家绝对不能靠吹经济泡沫生存，否则将是国家的大害。于是在他上台不久后日本就实行了紧缩性的货币政策，大幅度提高了贷款利率，主动刺破泡沫。这场硬着陆让日本陷入了数十年的萧条，却也常被后人视为“壮士断腕”的果决。只是前车已覆，后未知更。三十年过去，日本似乎还是那个日本。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1154,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9039463258,"gmtCreate":1646100931753,"gmtModify":1676534091328,"author":{"id":"4098771786575480","authorId":"4098771786575480","name":"Emi_WW","avatar":"https://community-static.tradeup.com/news/1ad793e17503a413c4f36974f7c5052c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098771786575480","idStr":"4098771786575480"},"themes":[],"htmlText":"🥺","listText":"🥺","text":"🥺","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9039463258","repostId":"1151733655","repostType":4,"repost":{"id":"1151733655","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1646092945,"share":"https://ttm.financial/m/news/1151733655?lang=en_US&edition=fundamental","pubTime":"2022-03-01 08:02","market":"sh","language":"zh","title":"Last Night This Morning | First Round of Negotiations Ended! Russia and Ukraine find consensus points","url":"https://stock-news.laohu8.com/highlight/detail?id=1151733655","media":"老虎资讯综合","summary":"摘要：①标普500指数板块多数收跌，能源板块逆市上涨；②新能源板块表现强势，特斯拉涨超7%；③美国WTI原油期货收高4.5%，创7年新高；④俄金融市场震荡，卢布汇率创历史新低。海外市场1、隔夜美股涨跌","content":"<p><html><head></head><body>Abstract: ① Most of the S&P 500 index sectors closed down, while the energy sector rose against the market; ② The new energy sector performed strongly,<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>rose by more than 7%; ③ US WTI crude oil futures closed higher by 4.5%, a 7-year high; ④ The Russian financial market fluctuated, and the ruble exchange rate hit a record low.<b>Overseas markets</b></p><p>1. U.S. stocks were mixed overnight: the Nasdaq struggled to close up 0.41%, new energy vehicle stocks soared, Tesla rose more than 7%</p><p>U.S. stocks closed mixed on Monday. The West has kicked Russia out of the SWIFT system, and the United States has banned Americans from trading with the Russian central bank, the national wealth fund, or the Treasury Department. Russian President Vladimir Putin has raised Russia's nuclear alert level. By the close, the Nasdaq was up 0.41%, the Dow was down 0.49% and the S&P was down 0.24%. The three major stock indexes all fell by more than 3% in February, and recorded two consecutive monthly losses.</p><p>New energy vehicles and other sectors performed strongly, with Tesla rising by more than 7%.</p><p>2. Popular Chinese concept stocks closed mixed on Monday, new energy vehicle stocks surged</p><p><a href=\"https://laohu8.com/S/JKS\">JinkoSolar</a>It rose by more than 16%,<a href=\"https://laohu8.com/S/EDU\">New Oriental</a>rose by more than 7%,<a href=\"https://laohu8.com/S/IQ\">iQIYI</a>Fog core technology rose by more than 2%,<a href=\"https://laohu8.com/S/ATHM\">Autohome</a>It rose more than 1%.<a href=\"https://laohu8.com/S/DADA\">Dada Group</a>fell by more than 13%,<a href=\"https://laohu8.com/S/NTES\">Netease</a>Ctrip fell by more than 4%,<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>It fell by more than 2%,<a href=\"https://laohu8.com/S/JD\">Jingdong</a>It fell by more than 1%.</p><p>Among new energy vehicle stocks,<a href=\"https://laohu8.com/S/LI\">Li Auto</a>、<a href=\"https://laohu8.com/S/NIO\">Nio</a>Cars rose by more than 9%,<a href=\"https://laohu8.com/S/XPEV\">XPeng Motors</a>Up nearly 4%.</p><p>3. European stocks collectively closed lower, Germany's DAX30 index fell 0.82%</p><p>Germany's DAX30 index fell 0.82%, France's CAC40 index fell 1.39%,<a href=\"https://laohu8.com/S/VUKE.UK\">FTSE 100 UK</a>The index fell 0.49%, and the Euro Stoxx 50 index fell 1.31%.</p><p>European and American Russian concept assets plummeted, Russian Sberbank UK shares fell by more than 70%, and VanEck Russia ETF fell by nearly 31%.</p><p>4. U.S. WTI crude oil futures closed 4.5% higher on Monday, hitting a seven-year high, and rose 8.6% in February</p><p>U.S. WTI crude oil futures closed at a more than seven-year high on Monday and recorded a third consecutive month of closing higher. Western countries have imposed tougher sanctions on Russia, raising concerns among traders that crude oil supplies could be affected.</p><p>In the end, West Texas Intermediate (WTI) crude oil for April delivery rose $4.13, or 4.5%, to close at $95.72 a barrel on the New York Mercantile Exchange, the highest near-month close since late August 2014. In February, the price of WTI crude oil futures rose 8.6%.</p><p>5. Gold futures closed 0.7% higher on Monday and rose 5.8% in February</p><p>Gold prices were boosted by new sanctions imposed by the United States and its allies on Russia over the weekend as a result of a special military operation against Ukraine last week.</p><p>Finally, on Monday, the price of gold futures for April delivery on the New York Mercantile Exchange rose by $13.10, or 0.7%, to close at $1,900.70 per ounce, once hitting a high of $1,935.20 during the session.</p><p>6. Russia's financial market is volatile, and the ruble exchange rate hits a record low</p><p>Affected by the tense geopolitical situation, the Russian financial market fluctuated sharply on the 28th.</p><p>On the same day, the exchange rate of the ruble in the foreign exchange market hit a record low. According to the data of Moscow Stock Exchange, as of about 12: 00 Moscow time (17: 00 Beijing time), the exchange rate of the US dollar against the ruble rose to 1-108, and the exchange rate of the euro against the ruble rose to 1-120.</p><p>Earlier in the day, the Russian central bank announced that it would raise its benchmark interest rate to 20%. The central bank's statement said that raising the benchmark interest rate can guarantee the level of deposit interest rate, cope with the risk of local currency depreciation and inflation, maintain financial and price stability, and protect people's savings. In addition, the Russian central bank will further evaluate internal and external risks, financial market reactions and changes in inflation levels, and continue to take corresponding measures against key interest rates.</p><p><b>International macro</b></p><p>1. Russia-Ukraine negotiations have ended and both sides have found the key points that may reach consensus in the future</p><p>Russian-Ukraine negotiations in Belarus have concluded, in which the two sides have identified key points for possible future consensus. The Ukrainian side said that the peace talks did not achieve the expected results and got some signals; The two sides mainly discussed the ceasefire issue, and the parties will return for consultations. The next negotiations are expected to take place on Belarus'border with Poland in the coming days. The Kremlin previously said that Russian President Vladimir Putin believes that the following conditions need to be met to solve the problem, namely, recognition of Russia's sovereignty over Crimea; Demilitarization, de-Nazization of Ukraine; Maintaining Ukraine's neutrality.</p><p>2. The White House denies that the U.S. military will establish a no-fly zone in Ukraine and refuses to have a military conflict with Russia</p><p>White House spokeswoman Jen Psaki said the Biden administration wanted to \"reduce the rhetoric and de-escalate the conflict\" after Russian President Vladimir Putin ordered the national deterrent to be placed on special alert. Psaki said the United States has not changed its alert level and assessment of Russia, but wants to reduce its rhetoric and de-escalate the conflict.</p><p>Psaki also said that the United States believes that the establishment of a no-fly zone by the U.S. military in Ukraine is \"not a good idea\" or \"something the president wants to do.\" Because the military's imposition of a no-fly zone means potentially facing situations that require shooting down Russian aircraft, \"this is absolutely an escalation that could put us in a situation where we have a military conflict with Russia\".</p><p>Psaki also added that Biden will talk about the situation in Ukraine and announce new policy proposals during his State of the Union address on March 1.</p><p>3. Russia bans foreign exchange funds from transferring overseas, and 478 billion US dollars of foreign debt is at risk</p><p>In retaliation for European and American sanctions, Russian President Vladimir Putin has banned Russian residents from transferring foreign currency to their accounts or deposits with foreign banks, including payments used to fulfill foreign loan contracts, potentially putting a significant portion of the country's $478 billion in foreign debt at risk of default.</p><p>4. The Federal Reserve's Bostic still supports a 25-basis-point interest rate hike in March. If inflation persists, it may change its position</p><p>ATLANTA Fed President Raphael Bostic said he was in favor of rate hike at 25 basis points at the March FOMC meeting, but would consider supporting rate hike at 50 basis points if the monthly inflation data did not pull back from its highs.</p><p>\"I'm still in favor of rate hike 25 basis points for the March meeting,\" Bostic said Monday in a virtual discussion with Harvard students.</p><p>5、<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>Raising U.S. Inflation Forecasts for 2022 Forecasts Four More rate hike in 2023</p><p>Goldman Sachs has raised its U.S. inflation forecast and expects the Federal Reserve's 2023 rate hike to be greater than previously expected.</p><p>Goldman Sachs economist Jan Hatzius expects inflation to reach 3.7% by the end of 2022, compared with a previous forecast of 3.1%. Goldman Sachs expects inflation to rise to 2.4% by the end of 2023, up from 2.2% previously.</p><p>6. U.S. and allies discuss releasing a total of 60 million barrels of oil reserves</p><p>The United States and its allies are considering a coordinated release of about 60 million barrels of strategic oil reserves, three people familiar with the matter said. It is reported that the current discussion focuses on the release of 30 million barrels of oil by the United States and a total of 30 million barrels by other countries. No final decision has been made, discussions are likely to continue for a few more days, and the U.S. is coordinating with other members of the International Energy Agency (IEA), people familiar with the matter said.</p><p>Among those involved in the consultations were officials from Saudi Arabia, the UAE and other OPEC + countries, two people familiar with the matter said. A final decision will be made within days, and U.S. officials are discussing with allies the possibility of releasing more stockpiles of crude oil later.</p><p><b>Company News</b></p><p>1、<a href=\"https://ttm.financial/NW/2216993081\" target=\"_blank\">Tesla closed up more than 7% on Monday as Berlin Gigafactory opens in March</a></p><p>Tesla shares closed 7.48% higher at $870.43 on Monday, as the approval process for the company's planned factory near Berlin reaches its final stages.</p><p>Tesla is reportedly aiming to produce at least 500,000 vehicles a year at its \"Berlin Gigafactory\" (which is being built in Grunheide, Brandenburg, Germany), as well as the batteries for those vehicles, and will create at least 12,000 local jobs.</p><p>2、<a href=\"https://ttm.financial/NW/1143254415\" target=\"_blank\">Zoom once plunged 13% after hours, first-quarter and full-year performance guidance missed expectations</a></p><p>Shares of Zoom, a video messaging software maker, plunged 13% after Monday's bell, after the company issued guidance for its first-quarter and full-year results in miss the market expectation.</p><p>According to the financial report, Zoom's adjusted earnings per share in the fourth quarter were $1.29, compared with the market expectation of $1.06; Revenue rose 21% year-over-year to $1.07 billion, slowing from the 35% increase in the previous quarter and the market expectation of $1.05 billion.</p><p>3、<a href=\"https://ttm.financial/NW/2216160828\" target=\"_blank\">Betting heavily on alternative energy: Chevron buys renewable energy group at a premium of over 3 billion</a></p><p>On Monday (February 28th) local time,<a href=\"https://laohu8.com/S/USEG\">U.S. Energy</a>Giant Chevron Corp. officially announced that the company will acquire Renewable Energy Group for $3.15 billion.</p><p>Under this definitive agreement, Chevron will acquire the outstanding shares of REG at a price of $61.50 per share, with a deal worth $3.15 billion, making it Chevron's biggest bet on alternative energy to date.</p><p>4、<a href=\"https://ttm.financial/NW/2216096198\" target=\"_blank\">Microsoft wants to speed up Azure cloud services with 5G networks</a></p><p>Microsoft reportedly hopes to provide some customers with better data processing capabilities remotely than regional data centers with 5G equipment from partners like T-Mobile US (TMUS.US). It is reported that Microsoft has established a huge network of more than 60 data center areas around the world. This service allows customers to process data or perform certain tasks on Microsoft data devices located in the customer's company location. \"5G is amazing technology,\" said Jason Zander, Microsoft's executive vice president of strategic missions and technology.</p><p>5、<a href=\"https://ttm.financial/NW/2216196194\" target=\"_blank\">Lucid Plunges Over 13% After Hours! EV production forecast slashed for 2022</a></p><p>Lucid (LCID.US) lowered its 2022 production forecast for its electric vehicle Lucid Air to 12,000-14,000 units from 20,000 units previously due to supply chain constraints and component quality issues, it said in its fourth-quarter 2021 earnings report after U.S. stocks reported Monday. Affected by this news, as of press time, the stock fell more than 13% after hours on Monday.</p><p></body></html></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>Last Night This Morning | First Round of Negotiations Ended! Russia and Ukraine find consensus points</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: 12.5px; color: #7E829C; margin: 0;}\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\">\nLast Night This Morning | First Round of Negotiations Ended! Russia and Ukraine find consensus points\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\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 smaller\">2022-03-01 08:02</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Abstract: ① Most of the S&P 500 index sectors closed down, while the energy sector rose against the market; ② The new energy sector performed strongly,<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>rose by more than 7%; ③ US WTI crude oil futures closed higher by 4.5%, a 7-year high; ④ The Russian financial market fluctuated, and the ruble exchange rate hit a record low.<b>Overseas markets</b></p><p>1. U.S. stocks were mixed overnight: the Nasdaq struggled to close up 0.41%, new energy vehicle stocks soared, Tesla rose more than 7%</p><p>U.S. stocks closed mixed on Monday. The West has kicked Russia out of the SWIFT system, and the United States has banned Americans from trading with the Russian central bank, the national wealth fund, or the Treasury Department. Russian President Vladimir Putin has raised Russia's nuclear alert level. By the close, the Nasdaq was up 0.41%, the Dow was down 0.49% and the S&P was down 0.24%. The three major stock indexes all fell by more than 3% in February, and recorded two consecutive monthly losses.</p><p>New energy vehicles and other sectors performed strongly, with Tesla rising by more than 7%.</p><p>2. Popular Chinese concept stocks closed mixed on Monday, new energy vehicle stocks surged</p><p><a href=\"https://laohu8.com/S/JKS\">JinkoSolar</a>It rose by more than 16%,<a href=\"https://laohu8.com/S/EDU\">New Oriental</a>rose by more than 7%,<a href=\"https://laohu8.com/S/IQ\">iQIYI</a>Fog core technology rose by more than 2%,<a href=\"https://laohu8.com/S/ATHM\">Autohome</a>It rose more than 1%.<a href=\"https://laohu8.com/S/DADA\">Dada Group</a>fell by more than 13%,<a href=\"https://laohu8.com/S/NTES\">Netease</a>Ctrip fell by more than 4%,<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>It fell by more than 2%,<a href=\"https://laohu8.com/S/JD\">Jingdong</a>It fell by more than 1%.</p><p>Among new energy vehicle stocks,<a href=\"https://laohu8.com/S/LI\">Li Auto</a>、<a href=\"https://laohu8.com/S/NIO\">Nio</a>Cars rose by more than 9%,<a href=\"https://laohu8.com/S/XPEV\">XPeng Motors</a>Up nearly 4%.</p><p>3. European stocks collectively closed lower, Germany's DAX30 index fell 0.82%</p><p>Germany's DAX30 index fell 0.82%, France's CAC40 index fell 1.39%,<a href=\"https://laohu8.com/S/VUKE.UK\">FTSE 100 UK</a>The index fell 0.49%, and the Euro Stoxx 50 index fell 1.31%.</p><p>European and American Russian concept assets plummeted, Russian Sberbank UK shares fell by more than 70%, and VanEck Russia ETF fell by nearly 31%.</p><p>4. U.S. WTI crude oil futures closed 4.5% higher on Monday, hitting a seven-year high, and rose 8.6% in February</p><p>U.S. WTI crude oil futures closed at a more than seven-year high on Monday and recorded a third consecutive month of closing higher. Western countries have imposed tougher sanctions on Russia, raising concerns among traders that crude oil supplies could be affected.</p><p>In the end, West Texas Intermediate (WTI) crude oil for April delivery rose $4.13, or 4.5%, to close at $95.72 a barrel on the New York Mercantile Exchange, the highest near-month close since late August 2014. In February, the price of WTI crude oil futures rose 8.6%.</p><p>5. Gold futures closed 0.7% higher on Monday and rose 5.8% in February</p><p>Gold prices were boosted by new sanctions imposed by the United States and its allies on Russia over the weekend as a result of a special military operation against Ukraine last week.</p><p>Finally, on Monday, the price of gold futures for April delivery on the New York Mercantile Exchange rose by $13.10, or 0.7%, to close at $1,900.70 per ounce, once hitting a high of $1,935.20 during the session.</p><p>6. Russia's financial market is volatile, and the ruble exchange rate hits a record low</p><p>Affected by the tense geopolitical situation, the Russian financial market fluctuated sharply on the 28th.</p><p>On the same day, the exchange rate of the ruble in the foreign exchange market hit a record low. According to the data of Moscow Stock Exchange, as of about 12: 00 Moscow time (17: 00 Beijing time), the exchange rate of the US dollar against the ruble rose to 1-108, and the exchange rate of the euro against the ruble rose to 1-120.</p><p>Earlier in the day, the Russian central bank announced that it would raise its benchmark interest rate to 20%. The central bank's statement said that raising the benchmark interest rate can guarantee the level of deposit interest rate, cope with the risk of local currency depreciation and inflation, maintain financial and price stability, and protect people's savings. In addition, the Russian central bank will further evaluate internal and external risks, financial market reactions and changes in inflation levels, and continue to take corresponding measures against key interest rates.</p><p><b>International macro</b></p><p>1. Russia-Ukraine negotiations have ended and both sides have found the key points that may reach consensus in the future</p><p>Russian-Ukraine negotiations in Belarus have concluded, in which the two sides have identified key points for possible future consensus. The Ukrainian side said that the peace talks did not achieve the expected results and got some signals; The two sides mainly discussed the ceasefire issue, and the parties will return for consultations. The next negotiations are expected to take place on Belarus'border with Poland in the coming days. The Kremlin previously said that Russian President Vladimir Putin believes that the following conditions need to be met to solve the problem, namely, recognition of Russia's sovereignty over Crimea; Demilitarization, de-Nazization of Ukraine; Maintaining Ukraine's neutrality.</p><p>2. The White House denies that the U.S. military will establish a no-fly zone in Ukraine and refuses to have a military conflict with Russia</p><p>White House spokeswoman Jen Psaki said the Biden administration wanted to \"reduce the rhetoric and de-escalate the conflict\" after Russian President Vladimir Putin ordered the national deterrent to be placed on special alert. Psaki said the United States has not changed its alert level and assessment of Russia, but wants to reduce its rhetoric and de-escalate the conflict.</p><p>Psaki also said that the United States believes that the establishment of a no-fly zone by the U.S. military in Ukraine is \"not a good idea\" or \"something the president wants to do.\" Because the military's imposition of a no-fly zone means potentially facing situations that require shooting down Russian aircraft, \"this is absolutely an escalation that could put us in a situation where we have a military conflict with Russia\".</p><p>Psaki also added that Biden will talk about the situation in Ukraine and announce new policy proposals during his State of the Union address on March 1.</p><p>3. Russia bans foreign exchange funds from transferring overseas, and 478 billion US dollars of foreign debt is at risk</p><p>In retaliation for European and American sanctions, Russian President Vladimir Putin has banned Russian residents from transferring foreign currency to their accounts or deposits with foreign banks, including payments used to fulfill foreign loan contracts, potentially putting a significant portion of the country's $478 billion in foreign debt at risk of default.</p><p>4. The Federal Reserve's Bostic still supports a 25-basis-point interest rate hike in March. If inflation persists, it may change its position</p><p>ATLANTA Fed President Raphael Bostic said he was in favor of rate hike at 25 basis points at the March FOMC meeting, but would consider supporting rate hike at 50 basis points if the monthly inflation data did not pull back from its highs.</p><p>\"I'm still in favor of rate hike 25 basis points for the March meeting,\" Bostic said Monday in a virtual discussion with Harvard students.</p><p>5、<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>Raising U.S. Inflation Forecasts for 2022 Forecasts Four More rate hike in 2023</p><p>Goldman Sachs has raised its U.S. inflation forecast and expects the Federal Reserve's 2023 rate hike to be greater than previously expected.</p><p>Goldman Sachs economist Jan Hatzius expects inflation to reach 3.7% by the end of 2022, compared with a previous forecast of 3.1%. Goldman Sachs expects inflation to rise to 2.4% by the end of 2023, up from 2.2% previously.</p><p>6. U.S. and allies discuss releasing a total of 60 million barrels of oil reserves</p><p>The United States and its allies are considering a coordinated release of about 60 million barrels of strategic oil reserves, three people familiar with the matter said. It is reported that the current discussion focuses on the release of 30 million barrels of oil by the United States and a total of 30 million barrels by other countries. No final decision has been made, discussions are likely to continue for a few more days, and the U.S. is coordinating with other members of the International Energy Agency (IEA), people familiar with the matter said.</p><p>Among those involved in the consultations were officials from Saudi Arabia, the UAE and other OPEC + countries, two people familiar with the matter said. A final decision will be made within days, and U.S. officials are discussing with allies the possibility of releasing more stockpiles of crude oil later.</p><p><b>Company News</b></p><p>1、<a href=\"https://ttm.financial/NW/2216993081\" target=\"_blank\">Tesla closed up more than 7% on Monday as Berlin Gigafactory opens in March</a></p><p>Tesla shares closed 7.48% higher at $870.43 on Monday, as the approval process for the company's planned factory near Berlin reaches its final stages.</p><p>Tesla is reportedly aiming to produce at least 500,000 vehicles a year at its \"Berlin Gigafactory\" (which is being built in Grunheide, Brandenburg, Germany), as well as the batteries for those vehicles, and will create at least 12,000 local jobs.</p><p>2、<a href=\"https://ttm.financial/NW/1143254415\" target=\"_blank\">Zoom once plunged 13% after hours, first-quarter and full-year performance guidance missed expectations</a></p><p>Shares of Zoom, a video messaging software maker, plunged 13% after Monday's bell, after the company issued guidance for its first-quarter and full-year results in miss the market expectation.</p><p>According to the financial report, Zoom's adjusted earnings per share in the fourth quarter were $1.29, compared with the market expectation of $1.06; Revenue rose 21% year-over-year to $1.07 billion, slowing from the 35% increase in the previous quarter and the market expectation of $1.05 billion.</p><p>3、<a href=\"https://ttm.financial/NW/2216160828\" target=\"_blank\">Betting heavily on alternative energy: Chevron buys renewable energy group at a premium of over 3 billion</a></p><p>On Monday (February 28th) local time,<a href=\"https://laohu8.com/S/USEG\">U.S. Energy</a>Giant Chevron Corp. officially announced that the company will acquire Renewable Energy Group for $3.15 billion.</p><p>Under this definitive agreement, Chevron will acquire the outstanding shares of REG at a price of $61.50 per share, with a deal worth $3.15 billion, making it Chevron's biggest bet on alternative energy to date.</p><p>4、<a href=\"https://ttm.financial/NW/2216096198\" target=\"_blank\">Microsoft wants to speed up Azure cloud services with 5G networks</a></p><p>Microsoft reportedly hopes to provide some customers with better data processing capabilities remotely than regional data centers with 5G equipment from partners like T-Mobile US (TMUS.US). It is reported that Microsoft has established a huge network of more than 60 data center areas around the world. This service allows customers to process data or perform certain tasks on Microsoft data devices located in the customer's company location. \"5G is amazing technology,\" said Jason Zander, Microsoft's executive vice president of strategic missions and technology.</p><p>5、<a href=\"https://ttm.financial/NW/2216196194\" target=\"_blank\">Lucid Plunges Over 13% After Hours! EV production forecast slashed for 2022</a></p><p>Lucid (LCID.US) lowered its 2022 production forecast for its electric vehicle Lucid Air to 12,000-14,000 units from 20,000 units previously due to supply chain constraints and component quality issues, it said in its fourth-quarter 2021 earnings report after U.S. stocks reported Monday. Affected by this news, as of press time, the stock fell more than 13% after hours on Monday.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b23574aac95526c9e5c62ebc8dd25130","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151733655","content_text":"摘要：①标普500指数板块多数收跌，能源板块逆市上涨；②新能源板块表现强势，特斯拉涨超7%；③美国WTI原油期货收高4.5%，创7年新高；④俄金融市场震荡，卢布汇率创历史新低。海外市场1、隔夜美股涨跌不一：纳指艰难收涨0.41% 新能源车股狂飙特斯拉涨超7%美股周一收盘涨跌不一。西方国家将俄罗斯踢出SWIFT系统，美国还禁止美国人与俄罗斯央行、国家财富基金或财政部做交易。俄罗斯总统普京提高了俄罗斯的核警戒级别。截至收盘，纳指涨0.41%，道指跌0.49%，标普跌0.24%。三大股指2月份均累跌逾3%，并录得月线两连跌。新能源汽车等板块表现强势，特斯拉涨超7%。2、热门中概股周一收盘涨跌互现 新能源汽车股大涨晶科能源涨超16%，新东方涨超7%，爱奇艺、雾芯科技涨超2%，汽车之家涨超1%。达达集团跌超13%，网易、携程跌超4%，阿里巴巴跌超2%，京东跌超1%。新能源汽车股中，理想汽车、蔚来汽车涨超9%，小鹏汽车涨近4%。3、欧股集体收跌 德国DAX30指数跌0.82%德国DAX30指数跌0.82%，法国CAC40指数跌1.39%，英国富时100指数跌0.49%，欧洲斯托克50指数跌1.31%。欧美俄罗斯概念资产暴跌，俄Sberbank英股跌超70%，VanEck Russia ETF跌近31%。4、美国WTI原油期货周一收高4.5%创7年新高，2月份上涨8.6%美国WTI原油期货周一收于逾七年高位，并录得连续第三个月收高。西方国家对俄罗斯实施更严厉制裁措施，令交易商担忧原油供应可能受到影响。最终，纽约商品交易所4月交割的西德克萨斯中质原油(WTI)上涨4.13美元，涨幅为4.5%，收于每桶95.72美元，为2014年8月下旬以来的最高近月收盘价。在2月，WTI原油期货价格上涨8.6%。5、黄金期货周一收高0.7%，2月份上涨5.8%由于上周对乌克兰采取特别军事行动，美国及其盟国周末对俄罗斯实施了新的制裁，令金价得到提振。最终，周一，纽约商品交易所4月交割的黄金期货价格上涨13.10美元，涨幅为0.7%，收于每盎司1900.70美元，盘中一度触及1935.20美元的高位。6、俄金融市场震荡，卢布汇率创历史新低受地缘政治局势紧张影响，俄罗斯金融市场28日出现大幅震荡。当天，外汇市场卢布汇率创历史最低。莫斯科证券交易所数据显示，截至莫斯科时间12时(北京时间17时)左右，美元对卢布汇率涨至1比108，欧元对卢布汇率涨至1比120。当日早些时候，俄罗斯央行宣布将基准利率提升至20%。央行声明说，提高基准利率可保障存款利率水平，以应对本币贬值与通胀风险、维持金融与价格稳定，保护民众储蓄。此外，俄央行将会对内外部风险、金融市场反应与通胀水平变化作进一步评估，继续针对关键利率采取相应措施。国际宏观1、俄乌谈判已经结束 双方找到未来可能达成共识的要点俄罗斯与乌克兰在白俄罗斯举行的谈判结束，双方在谈判中找到了未来可能达成共识的要点。乌方表示，和谈没有取得预期结果，得到了一些信号；双方主要讨论了停火问题，各方将返回磋商。下次谈判预计将在未来几天内在白俄罗斯与波兰边境举行。克里姆林宫此前称，俄罗斯总统普京认为解决问题需要达成以下条件，即承认俄罗斯对克里米亚的主权；乌克兰非军事化，去纳粹化；保持乌克兰的中立地位。2、白宫否认美军将在乌克兰建立禁飞区，拒绝与俄方发生军事冲突美国白宫发言人珍·普萨基表示，俄罗斯总统普京下令将国家威慑力量进入特殊戒备状态之后，拜登政府希望“减少言辞并降级冲突”。普萨基称，美国并没有改变对俄的警报级别和评估，但是希望减少言辞并降级冲突。普萨基同时表示，美方认为美军在乌克兰建立禁飞区“不是一个好主意”，也不是“总统想做的事情”。因为军方实施禁飞区意味着可能面对需要击落俄罗斯飞机的情况，“这绝对是升级，可能会让我们陷入与俄罗斯发生军事冲突的境地”。普萨基还补充，拜登将在3月1日的国情咨文演讲中谈论乌克兰局势并宣布新的政策提案。3、俄罗斯禁止外汇资金转到海外 4780亿美元外债面临风险作为对欧美制裁措施的报复，俄罗斯总统普京禁止俄罗斯居民将外币转移到他们的账户或在外国银行的存款中，包括用于履行外国贷款合同的款项，这可能使该国4780亿美元外债中的很大一部分面临违约风险。4、美联储Bostic仍支持3月加息25个基点 若通胀持续则可能改变立场亚特兰大联储行长Raphael Bostic表示，他赞成在3月FOMC会上加息25个基点，但如果月度通胀数据未从高位回落，他会考虑支持加息50个基点。“我仍然赞成3月会议加息25个基点，”Bostic周一在与哈佛大学学生的虚拟讨论中表示。5、高盛上调美国2022年通胀预期 预计2023年还会加息四次高盛集团上调了美国通胀预期，并预计美联储2023年的加息幅度将超过此前预期。高盛经济学家Jan Hatzius预计，到2022年底，通胀将达到3.7%，而此前的预测是3.1%。高盛预计，到2023年底，通胀涨幅将从之前的2.2%上涨至2.4%。6、美国和盟国讨论合计释放6000万桶石油储备三位知情人士透露，美国及其盟国正考虑协调释放约6000万桶战略石油储备。据悉目前的讨论重点是美国投放3000万桶石油，其他国家总计释放3000万桶。知情人士说，目前还没有做出最终决定，讨论可能还会持续几天，美国正在与国际能源署(IEA)其他成员国协调。两位知情人士表示，参与磋商的人士中还包括来自沙特、阿联酋和其他欧佩克+国家的官员。最终决定将在几天内做出，美国官员也在与盟国商讨稍后释放更多库存原油的可能性。公司新闻1、特斯拉周一收盘大涨逾7% 柏林超级工厂将于3月开业特斯拉股价周一收盘大涨7.48%，收于870.43美元，该公司计划在柏林附近建厂的审批程序已进入最后阶段。据报道，特斯拉的目标是在其“柏林超级工厂”（正在德国勃兰登堡州格伦海德建造）每年生产至少50万辆汽车以及这些汽车的电池，并将创造至少12000个本地工作岗位。2、Zoom盘后一度大跌13% 一季度和全年业绩指引不及预期视频通讯软件制造商Zoom股价周一盘后一度大跌13%，此前该公司发布的一季度和全年业绩指引不及市场预期。财报显示，Zoom四季度调整后每股收益1.29美元，市场预期1.06美元；营收同比增长21%至10.7亿美元，较上一季度35%的增幅相比有所放缓，市场预期10.5亿美元。3、重金押注替代能源 雪佛龙超30亿溢价收购可再生能源集团当地时间周一（2月28日），美国能源巨头雪佛龙公司官方宣布，公司将以31.5亿美元收购可再生能源集团。根据这项最终协议，雪佛龙将以每股61.50美元的价格收购REG的流通股，交易价值达31.5亿美元，成为雪佛龙迄今为止在替代能源的方面的最大押注。4、微软希望通过5G网络加快Azure云服务速度据报道，微软希望借助T-Mobile US(TMUS.US)等合作伙伴的5G设备，为一些客户远程提供比地区数据中心更好的数据处理能力。据悉，微软已在全球建立了一个由60多个数据中心区域组成的庞大网络，该服务可以让客户在位于客户公司所在地的微软数据设备上处理数据或执行某些任务。微软负责战略任务和技术的执行副总裁Jason Zander表示:“5G是令人惊叹的技术。”5、Lucid盘后大跌逾13%！大幅下调2022年电动汽车产量预测Lucid(LCID.US)在周一美股盘后公布的2021年第四季度财报中表示，由于供应链限制和零部件质量问题，将电动汽车Lucid Air的2022年产量预测由此前的2万辆下调至1.2-1.4万辆。受此消息影响，截至发稿，该股周一美股盘后大跌逾13%。","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":981,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9039997870,"gmtCreate":1645872336765,"gmtModify":1676534071703,"author":{"id":"4098771786575480","authorId":"4098771786575480","name":"Emi_WW","avatar":"https://community-static.tradeup.com/news/1ad793e17503a413c4f36974f7c5052c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098771786575480","idStr":"4098771786575480"},"themes":[],"htmlText":"👏👏👏","listText":"👏👏👏","text":"👏👏👏","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9039997870","repostId":"1105748308","repostType":4,"repost":{"id":"1105748308","kind":"news","pubTimestamp":1645863456,"share":"https://ttm.financial/m/news/1105748308?lang=en_US&edition=fundamental","pubTime":"2022-02-26 16:17","market":"hk","language":"zh","title":"TikTok's e-commerce GMV will peak at about 6 billion in 2021, and its goal will double this year","url":"https://stock-news.laohu8.com/highlight/detail?id=1105748308","media":"36氪","summary":"TikTok电商2022年GMV目标接近120亿元，在2021年的基础上翻了接近一倍。","content":"<p><html><head></head><body>36Kr learned from multiple sources that the GMV of TikTok e-commerce in 2021 is about 6 billion yuan, of which more than 70% of GMV comes from Indonesia, and the remaining less than 30% comes from the UK. 36Kr also learned that the GMV target of TikTok e-commerce in 2022 is close to 12 billion yuan, which has nearly doubled on the basis of 2021.</p><p>36 Krypton asked ByteDance for verification on this news, and as of press time, the other party had no response.</p><p>In contrast, Tik Tok e-commerce, as ByteDance's domestic e-commerce business, achieved about 500 billion GMV in 2020 at the beginning of its establishment. According to 36Kr, the wide-caliber GMV of Tik Tok e-commerce in 2021 reached nearly one trillion yuan.</p><p>After the same year of operation, the GMV of TikTok e-commerce last year was only 1% of that of Tik Tok e-commerce in 2020, and most of this 1% was contributed by the Indonesian market. The European and American markets represented by the UK have a higher ceiling and are more valued by TikTok officials, but they have not achieved remarkable results.</p><p>In April 2021, TikTok tested the live e-commerce business starting from Indonesia and the UK, opened the function of live shopping small yellow car, and ran the whole process of cross-border e-commerce from marketing and sales to logistics and after-sales customer service in the above two places.</p><p>A person close to TikTok e-commerce told 36Kr that at a review meeting at the end of last year, the relevant person in charge said that Indonesia's GMV accounted for more than 70%. In contrast, the daily GMV volume in the UK is only about equivalent to a medium-sized live broadcast room in China. Internally, we believe that the Indonesian market has been more successful last year, and we plan to invest more resources.</p><p>The Indonesian market can achieve remarkable results in one year of testing the waters, which is related to the scale and maturity of the local e-commerce market. According to the data of Momentum Works, a research organization, Indonesia's e-commerce sales in 2020 amounted to USD 32.2 billion, ranking fourth in the world behind China, South Korea and the United Kingdom, making it the largest e-commerce market in Southeast Asia. And e-commerce sales only accounted for 20% of Indonesia's total retail sales that year. According to SenseTower data, TikTok has about 200 million users downloading in Indonesia, accounting for more than 40% of the entire Southeast Asia region.</p><p>In addition to its large market size, Indonesia is also a country with relatively complete e-commerce infrastructure in Southeast Asia. With more than 20 million monthly active users, OVO forms the four mainstream mobile payment channels with Dana, LinkAja and Shopee Pay. In addition to payment, Indonesia's logistics and network facilities can also meet the needs of live e-commerce.</p><p>Southeast Asia is also the first market successfully entered by Chinese e-commerce companies. Ali first laid out the e-commerce market in Southeast Asia by acquiring Lazada in 2016. Relying on strong strategies such as free shipping and strong marketing strategies, Shopee, backed by Tencent, surpassed Lazada in 2019 to become the largest e-commerce platform in Southeast Asia. By learning from the experience of domestic e-commerce, the two platforms initially completed consumer education and cultivated the online shopping habits of Indonesian users.</p><p>Compared with Indonesia, there was no Chinese e-commerce platform in the UK before, and there were no advantages in logistics and supply chain. It still takes time to cultivate the live shopping habits of local users.</p><p>A TikTok service provider told 36Kr that the GMV of the team's live broadcast room in the UK is mainly driven by the 3C category officially subsidized by TikTok, and an iPhone can give up to 20% subsidy.</p><p>In addition to the platform subsidy, TikTok also implements a three-month free shipping subsidy for newly settled merchants. On the logistics side, Amazon and other platforms have achieved one-day delivery and next-day delivery in the UK. However, the above-mentioned service providers said that the logistics services used by TikTok take as little as one week and as much as ten days of delivery cycle, and packet loss and damage also occur from time to time.</p><p>According to 36Kr, TikTok e-commerce plans to enter major mainstream markets in the next five years, reaching a scale of 100 billion dollars. The market size in Southeast Asia is limited, and the key to achieving this goal is whether we can successfully open up the European and American markets. The temporary blockage in the UK has forced TikTok to rethink its operation strategy in European and American markets this year. Due to policy reasons, TikTok did not open the shopping yellow car function required by live e-commerce in the United States last year. This year, TikTok plans to open the live e-commerce function on the basis of ensuring data compliance.</p><p>36Kr learned that after March this year, TikTok will also open live e-commerce business in more Southeast Asian and Western European countries around Indonesia and the UK.</p><p>In response to the challenge of tapping into more national markets this year, TikTok is replenishing supply chain capabilities. A person close to TikTok e-commerce told 36Kr that Kang Zeyu, the head of TikTok e-commerce, is focusing on factories and industrial belts in Jiangsu, Zhejiang, South China and other places in the past six months, trying to establish a selection channel for anchor merchants similar to Tik Tok e-commerce \"Selected Alliance\" in TikTok.</p><p>However, the selection logic of cross-border e-commerce is very different from that of domestic live e-commerce. A senior practitioner of cross-border e-commerce believes that at present, a group of Chinese overseas brands and MCNs are mainly consuming e-commerce advertisements on TikTok, especially performance advertisements. Their overall advertising consumption is not large, but they are Chinese cross-border sellers, international brands and local brands who really need to sell goods. TikTok has not been able to incite them yet, and they will become the hard bones that TikTok needs to chew this year.</p><p>Like Tik Tok e-commerce, the advertising value created by e-commerce will also become the most important growth point of TikTok in the future. According to 36 Krypton, TikTok's current realization mainly comes from games. Last year, the advertising revenue from the game industry accounted for more than 50%, while the proportion of e-commerce was very low. Developing e-commerce business will help more big brands and big seller customers consume their advertising budgets on TikTok.</p><p>Cross-border e-commerce makes money by exploding money. Once the product explodes, it needs sufficient supply of goods and strong supply chain negotiation ability as support. TikTok's advantage lies in traffic, but how to create explosive money and how to undertake the supply chain pressure brought by explosive money has not yet appeared enough to make these cross-border merchants greedy.</p><p>On the logistics side, it is rumored in the market that ByteDance is negotiating cooperation with Jitu, and ByteDance said that the news is untrue. However, whether it is competing with Shopee and Lazada in Southeast Asian market or Amazon in European and American markets, TikTok's existing logistics capabilities are not enough to support a long-term competition with rivals, and it is imperative to cooperate with logistics companies with stronger comprehensive strength.</p><p></body></html></p>","source":"36k","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>TikTok's e-commerce GMV will peak at about 6 billion in 2021, and its goal will double this year</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: 12.5px; color: #7E829C; margin: 0;}\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\">\nTikTok's e-commerce GMV will peak at about 6 billion in 2021, and its goal will double this year\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">36氪</strong><span class=\"h-time small\">2022-02-26 16:17</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>36Kr learned from multiple sources that the GMV of TikTok e-commerce in 2021 is about 6 billion yuan, of which more than 70% of GMV comes from Indonesia, and the remaining less than 30% comes from the UK. 36Kr also learned that the GMV target of TikTok e-commerce in 2022 is close to 12 billion yuan, which has nearly doubled on the basis of 2021.</p><p>36 Krypton asked ByteDance for verification on this news, and as of press time, the other party had no response.</p><p>In contrast, Tik Tok e-commerce, as ByteDance's domestic e-commerce business, achieved about 500 billion GMV in 2020 at the beginning of its establishment. According to 36Kr, the wide-caliber GMV of Tik Tok e-commerce in 2021 reached nearly one trillion yuan.</p><p>After the same year of operation, the GMV of TikTok e-commerce last year was only 1% of that of Tik Tok e-commerce in 2020, and most of this 1% was contributed by the Indonesian market. The European and American markets represented by the UK have a higher ceiling and are more valued by TikTok officials, but they have not achieved remarkable results.</p><p>In April 2021, TikTok tested the live e-commerce business starting from Indonesia and the UK, opened the function of live shopping small yellow car, and ran the whole process of cross-border e-commerce from marketing and sales to logistics and after-sales customer service in the above two places.</p><p>A person close to TikTok e-commerce told 36Kr that at a review meeting at the end of last year, the relevant person in charge said that Indonesia's GMV accounted for more than 70%. In contrast, the daily GMV volume in the UK is only about equivalent to a medium-sized live broadcast room in China. Internally, we believe that the Indonesian market has been more successful last year, and we plan to invest more resources.</p><p>The Indonesian market can achieve remarkable results in one year of testing the waters, which is related to the scale and maturity of the local e-commerce market. According to the data of Momentum Works, a research organization, Indonesia's e-commerce sales in 2020 amounted to USD 32.2 billion, ranking fourth in the world behind China, South Korea and the United Kingdom, making it the largest e-commerce market in Southeast Asia. And e-commerce sales only accounted for 20% of Indonesia's total retail sales that year. According to SenseTower data, TikTok has about 200 million users downloading in Indonesia, accounting for more than 40% of the entire Southeast Asia region.</p><p>In addition to its large market size, Indonesia is also a country with relatively complete e-commerce infrastructure in Southeast Asia. With more than 20 million monthly active users, OVO forms the four mainstream mobile payment channels with Dana, LinkAja and Shopee Pay. In addition to payment, Indonesia's logistics and network facilities can also meet the needs of live e-commerce.</p><p>Southeast Asia is also the first market successfully entered by Chinese e-commerce companies. Ali first laid out the e-commerce market in Southeast Asia by acquiring Lazada in 2016. Relying on strong strategies such as free shipping and strong marketing strategies, Shopee, backed by Tencent, surpassed Lazada in 2019 to become the largest e-commerce platform in Southeast Asia. By learning from the experience of domestic e-commerce, the two platforms initially completed consumer education and cultivated the online shopping habits of Indonesian users.</p><p>Compared with Indonesia, there was no Chinese e-commerce platform in the UK before, and there were no advantages in logistics and supply chain. It still takes time to cultivate the live shopping habits of local users.</p><p>A TikTok service provider told 36Kr that the GMV of the team's live broadcast room in the UK is mainly driven by the 3C category officially subsidized by TikTok, and an iPhone can give up to 20% subsidy.</p><p>In addition to the platform subsidy, TikTok also implements a three-month free shipping subsidy for newly settled merchants. On the logistics side, Amazon and other platforms have achieved one-day delivery and next-day delivery in the UK. However, the above-mentioned service providers said that the logistics services used by TikTok take as little as one week and as much as ten days of delivery cycle, and packet loss and damage also occur from time to time.</p><p>According to 36Kr, TikTok e-commerce plans to enter major mainstream markets in the next five years, reaching a scale of 100 billion dollars. The market size in Southeast Asia is limited, and the key to achieving this goal is whether we can successfully open up the European and American markets. The temporary blockage in the UK has forced TikTok to rethink its operation strategy in European and American markets this year. Due to policy reasons, TikTok did not open the shopping yellow car function required by live e-commerce in the United States last year. This year, TikTok plans to open the live e-commerce function on the basis of ensuring data compliance.</p><p>36Kr learned that after March this year, TikTok will also open live e-commerce business in more Southeast Asian and Western European countries around Indonesia and the UK.</p><p>In response to the challenge of tapping into more national markets this year, TikTok is replenishing supply chain capabilities. A person close to TikTok e-commerce told 36Kr that Kang Zeyu, the head of TikTok e-commerce, is focusing on factories and industrial belts in Jiangsu, Zhejiang, South China and other places in the past six months, trying to establish a selection channel for anchor merchants similar to Tik Tok e-commerce \"Selected Alliance\" in TikTok.</p><p>However, the selection logic of cross-border e-commerce is very different from that of domestic live e-commerce. A senior practitioner of cross-border e-commerce believes that at present, a group of Chinese overseas brands and MCNs are mainly consuming e-commerce advertisements on TikTok, especially performance advertisements. Their overall advertising consumption is not large, but they are Chinese cross-border sellers, international brands and local brands who really need to sell goods. TikTok has not been able to incite them yet, and they will become the hard bones that TikTok needs to chew this year.</p><p>Like Tik Tok e-commerce, the advertising value created by e-commerce will also become the most important growth point of TikTok in the future. According to 36 Krypton, TikTok's current realization mainly comes from games. Last year, the advertising revenue from the game industry accounted for more than 50%, while the proportion of e-commerce was very low. Developing e-commerce business will help more big brands and big seller customers consume their advertising budgets on TikTok.</p><p>Cross-border e-commerce makes money by exploding money. Once the product explodes, it needs sufficient supply of goods and strong supply chain negotiation ability as support. TikTok's advantage lies in traffic, but how to create explosive money and how to undertake the supply chain pressure brought by explosive money has not yet appeared enough to make these cross-border merchants greedy.</p><p>On the logistics side, it is rumored in the market that ByteDance is negotiating cooperation with Jitu, and ByteDance said that the news is untrue. However, whether it is competing with Shopee and Lazada in Southeast Asian market or Amazon in European and American markets, TikTok's existing logistics capabilities are not enough to support a long-term competition with rivals, and it is imperative to cooperate with logistics companies with stronger comprehensive strength.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://36kr.com/p/1626056933176837\">36氪</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/1bf636ec8cc0b56a010568ee2f383262","relate_stocks":{"BK1590":"短视频概念股"},"source_url":"https://36kr.com/p/1626056933176837","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105748308","content_text":"36氪从多个信源处了解到，TikTok电商2021年GMV最高约60亿元，其中GMV占比约70%以上来自印度尼西亚，剩余不到30%来自英国。36氪另外了解到，TikTok电商2022年GMV目标接近120亿元，在2021年的基础上翻了接近一倍。36氪就此消息向字节跳动方面求证，截至发稿对方暂无回应。相比之下，抖音电商作为字节跳动在国内的电商业务，在成立之初的2020年便实现了约5000亿GMV。据36氪了解，抖音电商2021年宽口径GMV更是达到了近万亿。同样运作一年时间，TikTok电商去年的GMV只有抖音电商2020年的1%，而这1%中，绝大部分GMV又由印尼市场贡献，英国所代表欧美市场天花板更高，也更被TikTok官方所重视，却并没有取得显著成绩。2021年4月， TikTok以印尼、英国为起点试水直播电商业务，开通直播购物小黄车功能，并在上述两地跑通从营销、销售到物流、售后客服等跨境电商全流程。一位接近TikTok电商的人士告诉36氪，在去年年底的一次复盘会上，相关负责人表示印尼其GMV占比达到70%以上，相比之下，英国一天的GMV体量大约只相当于国内一个中型的直播间。内部认为印尼市场去年表现较为成功，并计划加大资源投入。印尼市场试水一年便能取得显著成绩，这与当地电商市场具备规模且成熟有关。研究机构Momentum Works数据显示，2020年印尼电商销售额322亿美元，仅次于中国、韩国和英国在全球排名第四，为东南亚地区最大的电商市场。且电商销售额只占印尼当年零售总额的20%。据SenseTower数据，TikTok在印尼约有2亿用户下载量，占到整个东南亚地区40%以上。除了市场规模大，印尼也是东南亚地区电商基础设施较为完善的国家。OVO 月活用户超过 2000 万，与 Dana、LinkAja 和 Shopee Pay构成四大主流移动支付渠道。除了支付，印尼的物流和网络设施也能满足直播电商的需求。东南亚也是中国电商公司最先成功进入的市场，阿里最早于2016年通过收购Lazada布局东南亚电商市场，依靠包邮和强营销策略等强势打法，背靠腾讯的Shopee于 2019 年超越Lazada成为东南亚第一大电商平台，通过借鉴国内电商经验，两大平台初步完成了消费者教育并培养了印尼用户的线上购物习惯。相比印尼，英国地区此前没有中国电商平台进入，在物流、供应链等方面都没有均没有优势，培养当地的用户直播购物习惯仍需时间。一位TikTok服务商告诉36氪，团队目前在英国地区的直播间GMV主要靠TikTok官方补贴的3C品类拉动，一部iPhone能给到高达20%的补贴。除了平台补贴，TikTok还对新入驻的商家实行三个月免费发货补贴。在物流端，亚马逊等平台已经在英国实现一日达、次日达，但上述服务商表示，TikTok所使用的物流服务则需要少则一星期，多则十几天的发货周期，丢包和损坏的情况也时有发生。据36氪了解，TikTok电商计划在未来五年内进入各大主流市场，达到千亿美金规模。东南亚的市场规模有限，实现这一目标的关键正在于能否成功打开欧美市场。英国暂时受阻使得TikTok今年不得不重新思考在欧美市场的运营策略，由于政策原因，TikTok去年并未在美国开放直播电商所需的购物小黄车功能，今年TikTok计划在保证数据合规的基础上开放直播电商功能。36氪了解到，今年3月后，TikTok还将围绕印尼和英国两地，在更多东南亚和西欧国家开放直播电商业务。为了应对今年开拓更多国家市场的挑战，TikTok正在补足供应链能力。一位接近TikTok电商的人士告诉36氪，TikTok电商负责人康泽宇最近半年正在重点调研江浙、华南等地的工厂和产业带，试图在TikTok内建立类似抖音电商”精选联盟”的主播商家选货渠道。但跨境电商的选货逻辑与国内直播电商有很大差异。一位跨境电商资深从业者认为，目前在TikTok上消耗电商广告，尤其是效果广告的主要是一批中国出海品牌以及MCN，他们的广告消耗总体量不大，反而是真正有卖货刚需的中国跨境卖家以及国际品牌、本土品牌，TikTok还没能撬动，而他们会成为TikTok今年需要啃下的硬骨头。与抖音电商一样，电商所创造的广告价值也将成为TikTok未来最重要的增长点，据36氪了解，TikTok现阶段主要变现来自游戏，去年来自游戏行业的广告营收占到50%以上，电商的占比则很低。发展电商业务将有助于更多大品牌、大卖家客户在TikTok消耗广告预算。传跨境电商以打爆款赚钱，产品一旦卖爆，需要充足的货源和强势的供应链谈判能力作为支撑，TikTok的优势在于流量，但如何打造爆款，如何承接爆款所带来的供应链压力，目前尚未出现足以让这批跨境商家眼馋的爆款案例。在物流侧，市场传闻字节跳动正在与极兔谈判合作，对此字节跳动表示消息不实。不过，无论是在东南亚市场和Shopee、Lazada竞争，还是在欧美市场和亚马逊竞争，TikTok现有的物流能力都不足以支撑与对手长期抗衡，与综合实力更强的物流公司合作势在必行。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1402,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9030168264,"gmtCreate":1645663568180,"gmtModify":1676534050627,"author":{"id":"4098771786575480","authorId":"4098771786575480","name":"Emi_WW","avatar":"https://community-static.tradeup.com/news/1ad793e17503a413c4f36974f7c5052c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098771786575480","idStr":"4098771786575480"},"themes":[],"htmlText":"🙁","listText":"🙁","text":"🙁","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9030168264","repostId":"1153372780","repostType":4,"isVote":1,"tweetType":1,"viewCount":1323,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}