ATFXstock market index0727The Federal Reserve brings an optimistic tone to Asian stocks, while European stocks continue to rise and focus on Europe...

Overnight European and American stock market review:
The Dow Jones Industrial Average rose0.23%Report35,520.12Point;
S&P500Index decline0.02%Report45,66.75Point;
Nasdaq Index Down0.12%Report14,127.28Points.

European stock markets ended six consecutive highs and lows, weighed down by French luxury goods giantsLVMHThe lackluster performance of the group and the nervousness ahead of the Federal Reserve's interest rate decision. Pan-EuropeanSTOXX 600Index decline0.5%, set on Tuesday1Record for the longest consecutive rise since the beginning of the month. The FTSE Index of British stocks closed lower0.19%German stockDAXExponential decline0.49%。

Today's European stocks have mixed gains and losses, GermanyDAX30Index opening up17.59Point increase0.11%; FTSE UK100Index opening decline0.77Point, drop0.01%. Today's focus is on the decision of the European Central Bank, which is expected to continue raising interest rates25Basis points, but the market is waiting for its9There are still many hints of interest rate hikes in the month and beyond.

From the recent stance of ECB officials, most tend to continue raising interest rates, but for9Whether the month will continue appears uncertain. The current pricing in the money market shows that,7There will be another interest rate hike after the month, indicating that the interest rate will be4%Top left and right.

So it is expected that the latest resolution will not release a clear stance, but will become more cautious when sending signals and indicate that whether further action is needed will depend on the data, focusing on whether European stocks will experience the same situation as overnight US stocks.

The Federal Reserve announced on Wednesday that it will raise its policy interest rate target range25Bps to5.25%-5.50%Chairman Powell stated that the economy still needs to slow down, the labor market still needs to be weak, and inflation rates can only be "reliably" returned to the Federal Reserve2%The goal of.

However, the US stock market did not experience significant fluctuations as the Federal Reserve did not clearly convey a clear signal whether to continue raising interest rates. The three major indices fluctuated in a narrow range during the trading session, briefly rising and then falling, ultimately resulting in mixed closing performance. The Dow Jones Industrial Average achieved1987The longest since the beginning of the year13Rising day by day.

Today's focus continues to be on the United StatesQ2 GDPReport initial value, estimatedGDPAnnualized quarterly rate from2.0%lower1.8%The key is to see if the cooling exceeds expectations and consolidate the possibility that the Federal Reserve has stopped raising interest rates, so tonight's data may actually bring more volatility to the market.

Today, the overall performance of Asian stock markets was positive, with Morgan Stanley Capital International's Asia Pacific stock market index, which is widely outside of Japan, rising1%Reaching the highest level in five months. Due to market optimism that the US tightening cycle has ended and the economy is moving towards a soft landing, this has boosted global economic growth prospects and risk appetite.

The Nikkei Index reached a three week high within the day and closed higher267.50Point increase0.82%Report32920.00Point. Investors are waiting for the Bank of Japan's decision on Friday and are expected to maintain an ultra loose policy stance, but are wary of an increase in inflation expectations.

The three major indices in mainland China closed lower, while the Shanghai Composite Index fell0.2%The Shenzhen Composite Index fell0.41%The ChiNext Index fell0.32%. On the market, the automotive parts sector has set off a wave of limit ups and downs. Sectors such as semiconductors and components, household goods, and securities firms have shown weaker trends.

Gains in Chinese real estate stocks4.9%Driven by the momentum of the Hong Kong Hang Seng Index, it continued the rebound momentum since Monday, with Xiaopeng Motors rising more than30%Active market transactions, Hang Seng Index closing higher1.41%, is the highest level in five weeks.

Risk reminder, disclaimer, special statement:
There are risks in the market, and investment needs to be cautious. The above content only represents the analyst's personal views and does not constitute any operational suggestions. Please do not consider this report as the sole reference. At different times, analysts' perspectives may change, and updates will not be notified separately.

2023-07-27