Good Morning Moomooers. The stock market looks good today, as traders have expected that the Federal Reserve won’t change the bank benchmark interest rate in 2020.
The S&P 500 futures rose, as the pullback for the first two days this week ended on Wednesday. Looking around the world, we can see The Stoxx 600 Index changed a little, and the MSCI Asia Pacific Index rose 0.5%. Stocks performed better than expected in Hong Kong and Seoul but slumped in Shanghai, Tokyo, and Sydney.
We got some headlines for you to check on Thursday:
1. OPEC+ Curbs Oil Supply, But Oil Will Still Surplus in 2020
The Organization of Petroleum Exporting agreed to cut 2.1 million barrels a day last week. As the biggest member of OPEC, Saudi Arabia announced an additional cut at the meeting, the country which supplies 9.9 million barrels a day. However, oil production in Russia and Azerbaijan will likely to increase from the current level of about 1.5 million barrels per day, and other substitutions such as U.S. shale will keep growing much faster than world demand.
Source: Bloomberg
2. The Fed Would Consider buying Other Short-Term Treasuries If Necessary
The Federal Reserve would buy short-maturity bonds at the end of this year if its policy could not go through very well due to the financing pressures, said by Fed Chairman Powell. He also reiterated that QE will not be the end of the bond-buying plan, as the Fed aimed to increase the amount of cash in the financial system. But Powell also mentioned that the money market looks stable for the most recent weeks, therefore it may not be in action.
3. Wall Street Feels Optimistic About Mining Stocks
Mining stocks have been cheap for a while, as fossil fuels were blamed for climate change. Large mining stocks have dropped more than 50% from all-time highs. But things are gonna change：
Source: WSJ
The ratio of gold miners' share price to gold has broken through resistance.
It is probably because of the bullish expectation of the prices of iron ore and copper, two key metal for global miners, says Barron.
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Here are some hot stocks for the day:
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早上好。今天股市看上去不错，因为交易员们预计美联储(Fed)在2020年不会改变银行基准利率。
标准普尔500指数(S&P 500)期货价格上涨，本周头两天的回调于周三结束。环顾世界，我们可以看到斯托克600指数略有变化，摩根士丹利资本国际亚太指数上涨了0.5%。香港和首尔股市表现好于预期，但上海、东京和悉尼股市下跌。
周四我们有一些头条新闻要你看：
1.欧佩克+限制石油供应，但2020年石油仍将出现盈余
石油输出国组织上周同意每天减产210万桶。作为石油输出国组织(OPEC)的最大成员国，沙特阿拉伯在这次会议上宣布了一项额外的减产计划，该国日产量为990万桶。不过，俄罗斯和阿塞拜疆的石油产量可能会从目前的每日150万桶左右增加，美国页岩等其他石油替代品的增长速度将远远超过全球需求。
资料来源：彭博
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2.必要时，美联储将考虑购买其他短期国债。
美联储主席鲍威尔说，美联储将在今年年底购买短期债券，如果它的政策由于融资压力而不能顺利执行的话。他还重申，量化宽松不会终止债券购买计划，因为美联储的目标是增加金融体系中的现金数量。但鲍威尔也提到，货币市场在最近几周看上去很稳定，因此可能不会采取行动。
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3.华尔街对矿业股感到乐观
由于化石燃料被认为是气候变化的罪魁祸首，矿业股票已经便宜了一段时间。大型矿业股已从历史高点下跌逾50%.但事情会改变的：
资料来源：“华尔街日报”。
黄金矿商的股价与黄金的比率已经突破阻力。
巴伦表示，这可能是因为对铁矿石和铜(全球矿商的两种关键金属)价格的乐观预期。
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Moomoo引用：
以下是今天的一些热门股票：
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