U.S. stocks opened slightly! Popular Chinese stocks fell, Didi fell more than 8%

U.S. stocks opened slightly higher, with the Dow up 0.20%, the NASDAQ up 0.02% and the S&P 500 up 0.16%.

Popular Chinese stocks fell, with Didi falling more than 8%, Bilibili falling more than 6%, Pinduoduo, Zhihu and Futu Holdings falling nearly 6%, and Alibaba falling nearly 4%.

Looking ahead, Bank of America said the surge in capital outflows from equities and speculative-grade bond markets also suggests that now is the time to reverse buy. Still, Bank of America is in the bear market camp, expecting the "shock" of record inflation data to be followed by a shock to interest rate hikes and ultimately to economic growth.

Market news

The European Union and the United States have set up a joint energy security working group to work to get rid of Europe's energy dependence on Russia. The European Commission and the United States issued a joint statement in Brussels announcing the establishment of a joint energy security working group composed of representatives of the President of the United States and the President of the European Commission. The functions of the working group include expanding Europe's natural gas supply sources and storage facilities, supplying Europe with 15 billion cubic meters of natural gas this year, helping Europe wean itself off its dependence on Russia by 2027, and guaranteeing Europe 50 billion cubic meters of LNG per year by 2030. At the same time, the United States and the European Union will also work together to promote the development of renewable energy technologies and industries, reduce Europe's demand for fossil fuels, and ensure that the EU achieves carbon neutrality by 2050.

German Ministry of Economy: Halve Russian oil imports by mid-year. Germany plans to cut its oil imports from Russia in half by mid-2022, while rapidly reducing its dependence on Russian gas and coal. The country plans to reduce its dependence on Russian gas to 30 percent by the end of the year, down from more than 50 percent today. In addition, Germany plans to reduce oil imports from Russia to almost zero by the end of the year, and purchases of Russian coal will end in the early summer.

Bank of America: You can buy and buy in the stock market, but it's still a bear market. The current stock market downturn is triggered by poor investor sentiment, with Bank of America's global survey showing that fund managers allocate more than 5 percent of their assets to cash. The surge in capital outflows from the stock market and speculative-grade bond markets also suggests that now is the time to reverse buy, Bank of America said. Still, Bank of America is in the bear market camp, expecting the "shock" of record inflation data to be followed by a shock to interest rate hikes and ultimately to economic growth. Analysts said that while "the strong march in March may continue to test the highs," it only means there will be a strong selling opportunity in the second quarter of this year.

Wells Fargo: The probability of a 2023 U.S. recession has risen to 50%, and the Fed is unlikely to have a soft landing. Schumacher, director of macro strategy at Wells Fargo, said in an interview with U.S. media on Thursday that historic inflation, soaring mortgage rates, commodity prices, pandemics and the Russian-Ukrainian conflict have made the Fed's decision-making difficult. So he raised the likelihood that the U.S. would fall into recession by the end of 2023 to 50 percent. "The idea of a soft landing is very challenging, and it makes it difficult for the Fed to coordinate when you consider the extra complications."

Goldman Sachs: The Fed will continue to "turn eagles" and raise us Treasury yield expectations across the line. Goldman Sachs said on Thursday that it had raised its expectations for U.S. Treasury yields this year, citing broader and more sustained inflationary pressures and the Fed's more hawkish stance. Goldman Sachs currently expects the yield on the benchmark 10-year Treasury note to rise to 2.7 percent by the end of the year, up from the 2.25 percent previously expected; The two-year Treasury yield is expected to rise to 2.9% and 3.15% by the end of 2022 and 2023, respectively; Yields on the 30-year Treasury note are expected to be even slower, with yields likely to reach 2.75% by the end of 2022.

Will the 15% limit on the rise and fall of varieties such as Lun Nickel be permanent? The CEO of the London Metal Exchange said: "We do intend to permanently set a daily limit on the rise and fall. Although in the past, the participants in the LME market did not want to limit the rise and fall. But we believe that it is important to keep it permanently, given the experience of the past few weeks, and of course we will also draw all the other lessons, including whether the OTC should be required to make more disclosures, as I mentioned earlier, and other steps that the LME can take to avoid a recurrence of such a situation. In addition, LME prohibits traders from placing orders outside the up-down stop-and-go range.

Individual stock messages

Neooxy (SY. US) total revenue in 2021 increased by 30.7% year-on-year, far exceeding the overall growth rate of the medical aesthetic industry. In 2021, the company achieved a total revenue of 1.69 billion yuan, an increase of 30.7% year-on-year, a non-US GAAP net profit attributable to listed companies of 140 million yuan, an increase of 42.4% year-on-year, the number of paying institutions 6,634, an increase of 19.1%, and the average monthly active users of the new oxygen mobile terminal in 2021 was 8.5 million, an increase of 18.7% year-on-year.

NIO.COM. US) full-year 2021 revenue of $36.14 billion, net loss narrowed to $4.02 billion. NIO's revenue in the fourth quarter of 2021 was 9.90 billion yuan, an increase of 49.1% year-on-year, and its annual revenue was 36.14 billion yuan, an increase of 122.3% year-on-year; the gross profit margin of vehicle sales for the whole year was 20.1%, the R&D expenditure was 4.59 billion yuan, an increase of 84.6% year-on-year, the net loss was 4.02 billion yuan, a year-on-year narrowing of 24.3%; cash reserves were 55.4 billion yuan; and the delivery guidelines for the first quarter of 2022 were 25,000-26,000 units, an increase of 24.6% to 29.6% year-on-year. In addition, NIO's ES8, ES6 and EC6 products will welcome smart chip upgrades, and there will be no price increases before that.

Laying the "cornerstone" of the meta-universe advertising industry! Meta(FB. US) partnered with VNTANA, a developer of 3D/AR e-commerce solutions. Meta Platforms has a new partnership with VNTANA, a developer of 3D/AR e-commerce solutions, to help brands more easily run 3D ads on their Facebook and Instagram social media platforms. VNTANA said Thursday that Meta's partnership with VNTANA will allow brands to upload 3D models of their products to Facebook and Instagram and easily convert them into ads. Ashley Crowder, CEO of VNTANA, said the move was a stepping stone into the metaverse advertising industry.

The third in half a year! Netflix (NFLX. US) acquired video game studio Boss Fight. Netflix continues to dig deeper into the gaming market, with the company announcing on Thursday the acquisition of small, independent video game studio Boss Fight Entertainment, with the financial terms of the deal undisclosed. This is the third video game company Netflix has acquired in the past six months. Founded in 2013 with 130 employees, Boss Fight is best known for its mobile game Dungeon Boss, which was developed for Google's Android and Apple's iOS platforms; The studio has also been involved in Zynga's CastleVille and Microsoft (MSFT. US) of Age of Empires and Rise of Nations.