PANews morning report said Intel's fourth-quarter guidance fell short of expectations, and its stock price fell 28.58% last Friday, while the Philadelphia Semiconductor Index and the Nasdaq 100 weakened in tandem. This week the market will focus on the midterm elections, earnings reports from Apple and AMD, and the October nonfarm payrolls data.
Based on September data including nonfarm payrolls, wages, and hiring intentions, Huatai Securities believes that the urgency for the Federal Reserve to October raise interest rates consecutively has declined, with the baseline scenario calling for December another rate hike.
United States September The nonfarm payrolls report will be released at October 2 20: 30 Beijing time, with the market expecting an increase in employment of 90000 jobs and the unemployment rate to remain at 4.1%As of Thursday, the market-implied probability of a Federal Reserve October rate hike has fallen to approximately 28%。
Research finds that, since 2020 year August, approximately of the increase in 10-year U.S. Treasury yields has been concentrated around the relevant events within 3 days.