A powerful rebound led by Nasdaq!

Wall Street rebounded on Tuesday, with the S & P 500 agreeing 1.04% to 4,507 points, the Dow Jones 0.79% to 34,825 points and the Nasdaq 1.72% to 14,076 points. The rise is accelerating and some records stand out. Nike has rebounded in the aftermath of the quarter and Alibaba has risen following the announcement of its share buyback plan. The barrel of WTI crude oil lost 1.4% at Nymex at $ 108.4. One ounce of gold fell 0.7% to $ 1,915. The dollar index is stable against a basket of reference currencies. Bitcoin is recovering in the $ 43,000 range. In the bond market, 10-year bond yields rose to 2.38%, while “30-year” yields were 2.59%.

On Tuesday’s Wall Street economics, the Fed’s regional manufacturing activity index for March 2022 was 13, well above the balance-only consensus compared to a month ago. Therefore, the indicator reflects a sharp acceleration of activity.

New York Fed President John Williams and Cleveland Antenna Governor Loretta Mester also intervened the day after the comments of Fed Chair Jerome Powell, who again expressed great concern yesterday. “Too high” levels of inflation-this was already considerable long before the Ukrainian invasion.

Powell reiterated yesterday that the Fed would take the necessary steps to control prices. Therefore, the governor of the US central bank is advocating strong measures to reduce inflation that threatens economic recovery. If necessary, Powell does not rule out accelerating the rise in rates at the beginning of the cycle. Powell says he’s ready to raise the halving rate if the Fed concludes that such a move is needed to curb inflation.

Therefore, it will be a problem to act swiftly to bring inflation back to neutral levels. Fed helmsmen also believe that supply chain issues are underestimated and their solutions remain uncertain. Powell believes a soft landing in the economy will continue to be possible, but it will be complicated to achieve, especially as the crisis in Russia and Ukraine exacerbates the risk of accelerated price increases.

Therefore, Williams today describes a variety of subjects. In particular, he believes that Stablecoin should be clearly regulated, but he is keen on its innovative character.

The Kremlin contacted today by refusing to accuse Joe Biden of returning to Russia to launch a cyberattack in response to Western sanctions. Moscow added that talks with Ukraine are ongoing, but hope they will be more active and substantive. The Kremlin also does not intend to publish the detailed elements of its request.

Reuters said the EU has been divided on whether to impose an embargo on Russia’s oil and gas imports and no action is expected in the short term. Much continues in the press about Biden’s warning that Russia may be planning malicious cyber activities against the United States. The debate also focuses on the pressure exerted on Beijing to loosen relations with Moscow. Xinhua reported that China is continuing its stimulus package as the State Council approves this year’s tax cuts. Sankei said Japan’s ruling coalition will begin planning a partially designed stimulus to counter the rise in commodity prices caused by Russia’s invasion of Ukraine.

The market continues to price in a more aggressive Fed scenario. Some have focused on Powell’s comments yesterday, with the Fed acting “quickly” to counter the increased risk that long-term inflation can unpleasantly raise long-term expectations. You need it. Goldman Sachs said it expects the Fed to tighten monetary policy by 50 basis points in May and June after closing on Monday.

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Nike (+ 4%) continued to rise, following higher-than-expected results and sales, despite a decline in sales in China. According to Nike, US sports equipment giants had net income of $ 1.4 billion, or 87 cents per share, down 3.3% from 90 cents in the same period in 2020. However, analysts surveyed by FactSet expected a profit of only 71 cents per share. Revenues for the quarter ending February 28 totaled $ 10.87 billion, up 5% from $ 10.36 billion in the previous year and surpassing the consensus of $ 10.6 billion. Gross profit margin increased from 45.6% in the previous year to 46.6%.

Nike welcomed the increase in sales and gross profit. This is especially due to the Group’s new strategy of increasing direct sales to consumers, which has been detrimental to certain distributors such as Foot Locker. Therefore, direct sales increased by 17% over the past year. + 14% for direct sales and + 22% for online sales. Throughout the channel, Nike sales increased in all regions, while revenue in China (including Hong Kong) fell 5% to $ 2.16 billion. In North America, the group’s largest market, sales exceeded expectations, rising 9% to $ 3.88 billion, and Americans found a way back to stores as their health improved. Sales in the Europe, Middle East and Africa zones increased 7% over the year to $ 2.77 billion.

Alibaba rose 13% on Wall Street after announcing a new two-year $ 25 billion share buyback program. The plan, which ends in March 2024, follows the previous $ 15 billion program. Hangzhou-based e-commerce giants are aiming to build investor confidence as stocks have fallen by two-thirds since their record highs in October 2020. And expansion plans. ” Toby Xu, Deputy Chief Financial Officer of the company, said.

Over the last 14 months, China has introduced radical new rules in the tech industry, often without warning. These decisions have shaken investor confidence and wiped out billions of dollars of capital from the country’s tech giants. However, the crackdown on this sector seems to be nearing its end. The latest statement by Xi Jinping and his deputy Liu He, who support the economy and the market, has been well received by businesses and has brought about a sharp recovery in the title of the local tech giant. Alibaba also announced this morning the appointment of a new independent director, Shan Weijian, chairman of PAG, an alternative asset management company. He will join the board’s audit committee and will replace Ericsson CEO Börje Ekholm at the end of the month.

Tesla (+ 2%) will offer its customers the first 30 Model Y cars manufactured at a huge factory in Grünheide, Germany, over € 5 billion this Tuesday, making it the largest car factory in Germany. Launched the first European production center, which is an investment. In recent history. The new Tesla Gigafactory is considered by experts to be important to the group. Managing Director Elon Musk arrived in Berlin for the event on Monday and tweeted, “Tomorrow we are excited to hand over the first mass-produced car manufactured in Giga Berlin-Brandenburg!” Tesla’s new factory is located approximately 30 km southeast of the German capital and will accommodate more than 10,000 employees. Tesla said Tuesday that more than 3,000 workers have already been employed.

At full capacity, the plant will produce 500,000 vehicles annually and more than 450,000 battery-powered electric vehicles sold worldwide by German rival Volkswagen in 2021. It also produces 50 gigawatt hours (GWh) of energy per battery, surpassing all other German factories. For the time being, Volkswagen remains the number one electric vehicle in the European market, with a 25% market share compared to 13% for Tesla. Musk said the increase in production would take longer than the two years it took to build the factory. JPMorgan predicts that the site will produce approximately 54,000 vehicles in 2022, 280,000 by 2023 and 500,000 by 2025.

Prologis, an American investment fund specializing in the management of warehouses and logistics facilities, has launched a $ 21 billion offer to acquire Mileway, a division that groups Blackstone’s logistics assets. ..