Summary: Dow Rose 1.66%&Nbsp; NASDAQ Gained 1.34%
Beijing time on the morning of September 16th, Thursday, the United States
equity market
The market has been sharply reduced and the market has achieved four links.
The European Central Bank has announced that the United States Federal Reserve and other three central banks will provide us dollar liquidity support to the euro zone banking system to boost market sentiment.
At 16:00 p.m. Eastern time on September 15th (Beijing time September 16th 04:00), the Dow Jones industrial average rose 186.45 points to 11433.18 points, or 1.66%, and the Nasdaq composite index rose 34.52 points to 2607.07 points.
Gain
1.34%, the standard & Poor's 500 index rose 20.43 points to 1209.11 points, or 1.72%.
On Thursday morning, the European Central Bank announced that it had taken joint action with the Federal Reserve and other central banks to provide us dollar financing support for the European banking system.
The bank said it will conduct three operations between October and December, adding that the bank will provide banks with help in the fourth quarter.
The European Central Bank issued a statement today: "the European Central Bank has decided to join hands with the Federal Reserve, the Bank of England, the Bank of Japan and the Swiss central bank to carry out three US dollar liquidity operations. The maturity date is about three months at the end of the year."
Nick Raich, head of research at Key Private Bank, said that today is the 3rd anniversary anniversary of the bankruptcy of Lehman brothers. "Global stock markets have risen because of the possible European debt crisis, but the credit default swap (CDS) market indicates that almost one hundred percent of Greece's default.
Therefore, I wish you a happy anniversary of the collapse of Lehman.
Miller Tabak stock market strategist Pete Peter (Boockvar) believes that "the central banks have taken joint actions to prevent financing tensions in the European banking system, especially in the US dollar financing situation.
This is a move to solve the European banking system and has nothing to do with the debt problems faced by Greece and other countries. "
But because investors are still worried about the European debt crisis, the US stock market is still volatile.
Harris Private Bank chief investment officer Jack Ablin (Jack Ablin) said, "in the short term, many central banks to rescue the European banking system is a good news. However, the more anxious the central banks are to reduce market pressure, the less power the government will carry out reform.
This is not a long-term solution, it hinders the real reform. "
Driven by optimism, the European market
Large scale
Rise.
On the economic data side, the US Labor Department announced that for the week ending September 10th, the number of people claiming unemployment benefits for the first time was 428 thousand.
According to a survey by Bloomberg, economists expect an average of 411 thousand.
The US Department of labor announced that the consumer price index (CPI) increased by 0.4% in August.
According to a survey by Bloomberg, economists' average expectation is 0.2% higher than the annulus.
The US Federal Reserve reported that the US industrial output increased by 0.2% in August, higher than market expectations.
The Philadelphia Fed announced that the local manufacturing sector contracted in September.
The September Philadelphia Fed Manufacturing Index (1202.805,2.24,0.19%) was a point of -17.5, better than the -30.7 point in August.
According to a survey by Thomson Reuters Group, economists expect the Philadelphia index in September to be -13.4.
On Wednesday, the US stock market rose for third consecutive trading days, after reports that German Chancellor Merkel and French President Sarkozy expressed confidence that Greece would remain in the euro area.
Asian markets rose mostly on Thursday as markets were optimistic about the prospects for resolving the European sovereign debt crisis.
Gold futures fell $45.10, or 2.5%, at $1781.40 an ounce.
Crude oil futures rose 0.6% to $89.40 a barrel.
The world's major central banks will work together to push the three month US dollar liquidity operation.
The European Central Bank said Thursday that the bank will reopen the three month US dollar liquidity operation with the other major central banks in the fourth quarter.
The European Central Bank said it will conduct three operations between October and December, adding that the bank will provide banks with help in the fourth quarter.
The European Central Bank issued a statement today: "the European Central Bank has decided to join hands with the Federal Reserve, the Bank of England, the Bank of Japan and the Swiss central bank to carry out three US dollar liquidity operations. The maturity date is about three months at the end of the year."
The European Central Bank's three fixed rate allocation operations will be carried out in October 12th, November 9th and December 7th respectively.
Unexpected increase in unemployment claims is worse than expected.
The US government's first report on unemployment benefits released last week showed that the number of unemployed Jin people in the first week ended in September 10th was higher than that in accidents.
This further shows that the weakening of the US economy has led to a worsening of the already depressed labour market.
The Labor Department announced last week that the number of unemployed Jin people at the beginning of the week was 428 thousand, after a week's increase to 417 thousand.
The number has risen for two weeks in a row.
According to a survey by Thomson Reuters, economists expect the number to drop to 410 thousand last week.
Excluding the first week of August, the number of unemployed Jin people has been higher than 400 thousand since the beginning of April this year.
Today, an official of the labor department said that hurricane Aileen and other storms did not have a significant impact on the number of initial jobless claims at the national level last week.
The US core CPI grew by nearly 3 years in August.
The August consumer price index (CPI) report released by the US government showed a year-on-year increase of core CPI in recent 3 years, including a series of price increases, including gasoline, food, clothing and housing, which led to a correction in consumer inflation.
The US Labor Department announced that the CPI growth rate in the 8 quarter of the year was 0.4% higher than that in the mid season, which largely led to a 0.6% decline in the average hourly wage of the US workers and a 0.6% decrease in the seasonally adjusted monthly rate of over three years.
US industrial output increased 0.2% in August, better than expected
The August industrial output report released by the Fed showed that output in August increased by 0.2%, higher than market expectations.
The US industrial output has risen for four consecutive months.
In July, the US industrial output grew by a strong 0.9%.
According to a survey by Thomson Reuters, economists expect average industrial output to be flat in August. The main reason is that the weak employment report shows that manufacturing jobs are declining and manufacturing hours remain stable.
In September, the Philadelphia fed index was worse than expected and did not hit the market.
The Philadelphia Fed announced that the local manufacturing sector contracted in September.
This has happened for three months in the past four months, and the index is not as good as market expectations.
However, compared with last month, the shrinkage rate of manufacturing industry has slowed down obviously, and no US stock market has collapsed like the August index.
The Philadelphia fed manufacturing index in September was -17.5, better than the -30.7 point in August.
According to a survey by Thomson Reuters, economists expect the Philadelphia index in September to be -13.4.
In August, the Philadelphia index strongly shocked markets and economists, after which the United States reached a protracted controversy over the debt ceiling and reached an agreement at the end of early August to avoid default.
Nevertheless, in August 5th, S & P continued to downgrade the 3A rating, which the United States took pride in. Since then, the global market has been in a huge concussion.
New York gold futures closed down 2.5% at $1781.40.
New York gold futures prices fell sharply on Thursday because the European Central Bank and other central banks announced that they would join forces to provide liquidity to the banks in the region for three months, making investors more optimistic that the euro zone sovereign debt crisis will be resolved.
On the same day, the gold futures price of the New York Mercantile Exchange (NYMEX) commodity exchange (COMEX) fell $45.10 in December, closing at $1781.40 an ounce, or 2.5%, the first time it has closed below $1800 an ounce since August 29th, the lowest closing price since August 25th.
New York crude futures closed up 0.6% at $89.40 a barrel.
New York crude oil futures closed up on Thursday because the European Central Bank and other central banks announced that they would join forces to provide liquidity to the banks in the region for three months, prompting investors to be optimistic about the global economic and oil demand outlook.
On the same day, the New York Mercantile Exchange (NYMEX) delivered light crude oil futures in October, up 49 cents, or 0.6% at $89.40 a barrel.
Central Bank jointly rescue the market, European stock market rose
European stock markets climbed strongly on Thursday and financial stocks surged.
The world's major central banks announced that they would jointly provide us dollar loans to European banks.
Pan European Dow Jones Stoxx 600 index rose 2%, closing at 228.69 points.
The French CAC 40 index rose 3.3%, closing at 3045.62 points.
The German DAX 30 index rose 3.1%, closing at 5508.24 points.
The FTSE 100 index rose 2.1%, closing at 5337.54.
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