【late at night! Breaking news in the United States! Tonight, the big data that the global market is paying attention to is coming. U.S. stocks surged, Nvidia rose 5%! ! 】
Securities Times: On the evening of March 12, Beijing time, the U.S. Department of Labor released U.S. CPI data for February 2024, which showed that U.S. CPI increased by 3.2% year-on-year in February, a new high since December last year, higher than the expected 3.1 %; U.S. CPI rose 0.4% month-on-month in February, in line with expectations; U.S. core CPI in February, which the Fed is most concerned about, rose 3.8% year-on-year, higher than the 3.7% expected
After the inflation data was released, according to CME's "Fed Watch", the probability of the Fed keeping interest rates unchanged in March was 99%, and the probability of keeping interest rates unchanged by May was 87.9%. The probability of cutting interest rates in June increased to 63%.
Affected by this, U.S. stock index futures rose collectively. After the opening of U.S. stocks, the three major indexes all opened higher, with the Dow Jones Industrial Average rising 0.3%, the S&P 500 Index rising 0.45%, and the Nasdaq Composite Index rising 0.65%. The chip sector resumed its gains, with Nvidia opening up 2.5% (now up 5%), TSMC up 3.6%, and AMD up 1.4%. The Nasdaq China Golden Dragon Index rose more than 2.8% in early trading. Popular Chinese concept stocks Pinduoduo rose 4.3%, Xpeng and Ideal rose 3.5%, Canaan Technology rose 3.4%, Baidu rose 2.0%, and NIO rose 1.5%. Station B rose 1.2% and NetEase rose 1%.
It is worth noting that Wall Street super boss and JPMorgan Chase CEO Jamie Dimon recently warned that the U.S. economy cannot completely rule out the possibility of recession and that the Federal Reserve should wait until the second half of the year before cutting interest rates.
