Hot news

• Biden signs stimulus bill a day ahead of schedule, US job market data picks up

Us President Joe Biden signed the $1.9 trillion COVID-19 stimulus bill a day in advance, and White House officials say stimulus checks will be issued as early as this weekend. In addition, the number of US jobless claims last week hit the lowest level since early November, while the number of job openings rose at the highest level in nearly a year in January, proving that the pace of recruitment will accelerate.

• Demand for 30-year US Treasuries is solid, and US Treasury yields fall in the short term

The US Treasury's $24 billion auction of 30-year notes has seen solid demand, further allaying concerns about recent interest rate rises. So far, none of this week's auctions of three-year, 10-year and 30-year Treasuries have been as weak in demand as they were two weeks ago, triggering a sharp fall in the market.

The supply of long-term debt will also increase next week, with another $24 billion of 20-year bonds to be issued on Tuesday, and strategists at JPMorgan Chase say 20-and 7-year bonds have been more vulnerable to supply expansion.

• Bitcoin is approaching an all-time high! Overnight, US block chain stocks rose sharply across the board.

Against a backdrop of generally increased risk appetite in financial markets, Bitcoin picked up again, nearing the record high set last month, rising above $58000 at one point.

Bitcoin hit an all-time high of $58350 on Feb. 21 and then plummeted. U.S. president Joe Biden signed a $1.9 trillion epidemic relief bill on Thursday, adding to optimism in financial markets. Overnight, US block chain stocks rose across the board, Jiannan Technology rose by more than 30%, and the ninth city rose by more than 17%, and the ninth city rose by more than 17%. Blockchain rose by more than 12%, and the Marathon Digital rose by nearly 10%.

Antoni Trenchev, managing partner and co-founder of Nexo, a London-based cryptocurrency lender, said: "Bitcoin has shown legendary resilience. Every correction is an opportunity to rise again. "

• Professor Wharton Finance: even if bond yields rise, the stock market still has room to rise this year and will rise by another 10%.

Jeremy Siegel, a professor of finance at Wharton Business School, said on Thursday that he thought stocks would rise even in the face of rising bond yields and concerns about inflation. The new $1.9 trillion bailout bill will become "more fuel" for the stock market, which will rise by another 10 per cent.

Mr Siegel said he believed that the release of pent-up demand in the economy, coupled with a sharp increase in the money supply during the outbreak, would continue to push up yields and lead to higher inflation. However, Siegel believes that investors will still prefer stocks over bonds, especially cyclical stocks that benefit from the reopening of the economy. He believes cyclical stocks will outperform technology stocks in the next six to 12 months.

• IMF urges central banks to remain vigilant in case interest rates suddenly soar

The IMF expects Biden's stimulus package to increase U.S. GDP by 5% to 6% over the next three years, and reminds the Fed and other central banks to manage policies carefully and communicate to avoid unnecessary fiscal tightening.

• The chip shortage has spread to the mobile phone industry, and it has been reported that Qualcomm is unable to meet the supply needs of Android manufacturers.

Android phone makers, including Samsung, are facing a shortage of chips as demand for Qualcomm mobile phone chips has grown faster than expected in the past few months and there is a shortage of components on top of some chips, according to media reports.

Multiple sources say there is a shortage of Samsung's mid-and low-end mobile phone chips and the latest flagship Snapdragon 888 for high-end products. In addition, mobile phone contract manufacturers also told the media that the shortage of a series of Qualcomm components will lead to a decline in shipments this year.

Review of US stocks

• S & P and Dow hit another all-time high, and the Nasdaq rose 2.5%.

On Thursday, while Biden signed the $1.9 trillion stimulus bill, US stocks continued to rise, the S & P and Dow hit new closing highs, and the Sino-US semiconductor industry reached a communication mechanism that pushed the Nasdaq up 2.5%. The Russell 2000 index, which reflects the trend of small and medium-sized stocks, also hit an all-time high.

• The largest IPO in US stocks in two years! "Korean Amazon"Coupang rose more than 40% on its first day of trading.

On Thursday, Bom Kim, a well-known serial entrepreneur, launched its unicorn e-commerce platform.$Coupang (CPNG.US) $Officially landed on the NASDAQ Stock Exchange, the share price jumped above $60 after opening, and by the close of $49.52, it was up more than 40% from the offering price of $35.

Based on the closing price, the company has a market capitalization of $84.9 billion, making Bom Kim worth nearly $8.5 billion. At the same time, Coupang is also the largest Asian corporate US stock IPO since Alibaba, with Softbank Corp., who holds a 35 per cent stake in the company, the biggest winner.

At a price of $35, Coupang raised $4.55 billion in 130 million shares, making it the largest IPO in the U.S. stock market since the start of the year and the largest IPO since Uber raised more than $8 billion in May 2019.

• Many countries suspend AstraZeneca vaccination, European vaccine delivery is urgent again

Due to$AZN.US (AstraZeneca) $The vaccine can cause side effects of hemagglutination, which was suspended in Iceland, Italy and Denmark on Thursday. In addition, due to persistent delays in vaccine delivery, in which AstraZeneca delivered less than half of the vaccine to the European Union from April to June, the European Commission proposed that the export control of COVID-19 vaccine be extended to the end of June. at the same time, the COVID-19 vaccine of Johnson was finally approved.

Novawax, another large pharmaceutical company, said that phase III trials in the UK showed that the COVID-19 vaccine was effective against the original strain of the virus at 96.4%, and also against the mutant strain.

• Sources say Goldman Sachs has decided to restart the cryptocurrency trading platform.

According to foreign media reports$Goldman Sachs (GS.US) $Recently decided to restart its cryptocurrency trading platform. The move has increased demand for digital assets from Goldman's client base. Earlier, the global head of digital assets in Goldman's global markets division said 40 per cent of Goldman investors had exposure to cryptocurrencies.

Goldman's chief operating officer said the company was exploring how to meet customers' growing demand for bitcoin investments. The chief operating officer said Goldman would "continue to evaluate" and "participate" in cryptocurrencies.

• Apple begins to assemble iPhone 12 in India, or assemble iPad in the future

$AAPL.US (Apple) $It was announced on March 11th that it had begun assembling iPhone 12 in India, but it did not disclose which contract manufacturer would assemble iPhone 12. Foxconn will assemble the iPhone 12 at its plant in southern Tamil Nadu, according to two people familiar with the matter.

In 2017, Apple contract manufacturer Weitron was the first to assemble the iPhone in India. Since then, Apple began to increase its bets on the Indian market. Last month it was reported that Apple was also preparing to assemble iPad tablets in India.

• Amazon plans to open 28 new fresh stores in the United States, and offline retail will further expand.

According to reports,$AMZN.US (Amazon) $The company continues to expand its online and offline retail network, and the company plans to add 28 fresh stores to its existing 11 Amazon fresh stores. It took Amazon only eight months to open 11 fresh stores in the past, and the media said that the new store opening plan is another large-scale expansion of Amazon's fresh goods retail market in the United States, which is actually Amazon's ambition to further expand its share in physical retail.

The Prospect of Hong Kong City

• There was a net inflow of HK $6.501 billion from South on Thursday.

• China's revenue in 2020 is 230.59 billion yuan, and the market is expected to be 224.19 billion yuan.

$financing China (01918.HK) $According to the 2020 results announcement released today, Fuchuang's annual revenue in 2020 is 230.59 billion yuan, and the market is expected to be 224.19 billion yuan, compared with 169.316 billion yuan last year. Net profit for the whole year 2020 is 35.64 billion yuan, compared with 26.028 billion yuan in the same period last year.

• Xiaomi Group: to buy back shares not exceeding HK $10 billion

March eleventh$Xiaomi Group-W (01810.HK) $According to the announcement, according to the resolution passed by the company's shareholders on June 23, 2020, the board of directors of the company is granted a general authorization (share repurchase authority) to repurchase shares of the company, which does not exceed 10% of the total number of shares issued by the company on June 23, 2020.

On March 11, 2021, the Board formally resolved to exercise the above share Repurchase mandate to repurchase shares on the open market at a maximum amount of HK $10 billion from time to time. The company will repurchase shares in accordance with the listing rules.

The Board is of the view that the share repurchase under the present situation will demonstrate the company's confidence in its business prospects and prospects, and will ultimately bring benefits to the company and create value for shareholders. The board of directors is of the view that the company's existing financial resources are sufficient to support share repurchases while maintaining a sound financial position.

• The maximum public development price of Baidu's proposed Hong Kong shares is no more than HK $295 per share, stock code 9888.

$Baidu (BIDU.US) $It was announced yesterday that it intends to sell 95 million shares worldwide, with a maximum price of no more than HK $295 per Hong Kong offering share, with the stock code 9888. Bank of America, CITIC Securities and Goldman Sachs act as sponsors of the secondary listing.

Focus today

Key words: February PPI monthly rate in the United States, AIA Financial report, listing of the first Senior High School Education Group

Niuniu morning reading:

Don't put too much emphasis on diversification. When buying shares in a company, not knowing enough about that company may be more dangerous than not doing enough to diversify.

-Philip Fisher