LB Pre-market | The Federal Reserve may raise interest rates by 75BP in July,Global stock markets generally rose

News

1、Delta says it will buy 100 Boeing 737 MAX 10 aircraft.

2. The Hong Kong Monetary Authority purchased 5.495 billion Hong Kong dollars to defend the linked exchange rate system.

In the second half of the year, Intel will increase the prices of various semiconductor chips, and some products may increase by 10 % to 20%.

4. [June "spoiler" The Fed raised interest rates by 75BP Reporter: The Fed may raise interest rates by 75BP in July] Wall Street Journal reporter Nick Timiraos reported that Fed officials hinted that they may hold a second consecutive interest rate meeting later this month. A rate hike of 75 basis points as part of aggressive measures to combat high inflation. Fed officials had previously opened the door to a larger rate hike, but before a period of silence that began on Saturday (July 16), some officials simultaneously poured cold water on the idea in their latest interviews and public comments. The reporter revealed a 75 basis point rate hike the day before the Fed announced its interest rate decision in June.

5. According to the Russian Satellite News Agency, the Kremlin said that Russia and Iran will abandon the dollar in bilateral transactions.

6. Bank of America's second-quarter earnings per share were $0.73, less than analysts' consensus forecast of $0.78, down 29.13% from $1.03 per share in the same period last year; revenue was $22.7 billion, lower than analysts' consensus forecast of $22.78 billion, up 5.21% from $21.58 billion in sales in the same period last year.

7. Goldman Sachs' second-quarter revenue was US $11.86 billion, net profit was US $2.786 billion, and EPS was US $7.73.

8. In the last week, Bilibili has continuously adjusted its organizational structure, involving multiple core business departments and six business leaders.

Movement

U.S. stocks premarket, Dow futures rose 0.93%, Nasdaq futures rose 1.2%, S & P 500 futures rose 1.02%.

iQIYI rose more than 5%, Alibaba rose nearly 3%, JD.com and Pinduoduo rose more than 3%, Beke rose nearly 4%, and Tencent Music rose nearly 2%. NetEase and Baidu rose more than 2%.

U.S. biotech company Seagen fell nearly 3 percent on reports that Merck's planned acquisition of the company was delayed and that a deal was unlikely before Merck's earnings report this month.

Boeing pulled up before the session and is now up more than 4%.

Qudian soared by more than 57%. Luo Min, the founder of Qudian, announced the results of Douyin's "717 Qudian Foodie Carnival". The audience 95.87 million, and a total of 9.56 million copies were sold in a single day, adding 3.97 million fans.

Blockchain stocks rose premarket, with Riot Blockchain up nearly 9%, Marathon Digital up 7.71%, Coinbase up 6.47% and MicroStrategy up 5.15%.

Nvidia rose nearly 3%, according to a document released by the working room of U.S. House of Representatives Speaker Nancy Pelosi, Pelosi's husband Paul had purchased Nvidia stock for $100 to $5 million on June 17.

Microsoft, Meta, Amazon, Microsoft and Netflix all rose more than 1%, while Tesla rose 2%.