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Well Link Global Information (2024 June 28th)

2024-06-28

The US stock market closed with a mixed performance, with the Dow Jones Industrial Average rising by 36 points or 0.09% to 39,164 points; the S&P 500 slightly rose by 0.09% to 5,482 points; the Nasdaq's gain narrowed to 0.3%, reaching 17,858 points; the Golden Dragon Index, reflecting the performance of Chinese concept stocks, fell by 2.21%.


The Governor of the Bank of Latvia and member of the European Central Bank's Governing Council, Kazaks, stated that if wage growth in the Eurozone were not so rapid, the ECB could relax its monetary policy more quickly. Kazaks said that officials still see "quite strong wage growth," especially in the service industry, which is permeating into consumer prices; under these circumstances, the market's bet on two more 25 basis point rate cuts this year is "quite an acceptable situation."


The final value of the US Gross Domestic Product (GDP) for the first quarter of this year is an annualized growth rate of 1.4%, exceeding the expected and previous value of 1.3%; the final value of the GDP implicit price deflator is an increase of 3.1%, in line with expectations.


The first presidential campaign debate between Biden and Trump will take place at 9:00 PM Eastern Time on Thursday (9:00 AM Beijing Time on Friday), lasting 90 minutes. Reports indicate that CNN's broadcast will have a 1-2 minute delay, rather than the standard 7-second delay.