Bloomberg

• Close: bank stock earnings hit tonight, US stocks hit an all-time high

U. S. stocks hit an all-time high overnight, and investors are waiting for the second-quarter earnings season. Financial and communications services stocks led the S & P 500 to new highs, while$Tesla (TSLA.US) $、$Nvidia (NVDA.US) $和$Google A (GOOGL.US) $Pushed the Nasdaq 100 index, which is dominated by technology stocks, to a new high.

Wall Street is heading for a tumultuous week, with market participants divided on a range of issues, including bets on growth stocks or value stocks, and whether inflation is accelerating. But what everyone agrees on is that the second-quarter results will be excellent.

-Edward Moya, senior market analyst at Oanda

• Morgan Stanley: the valuation of the US stock IT industry has surpassed that of the dotcom bubble.

Us stocks have regained their preference for large technology and Internet stocks, but concerns about valuations have intensified.

With the s & p 500 information technology index up about 16 per cent this year, Morgan Stanley wealth management sees valuations in the information technology industry as "extreme" and points out that the industry's price-to-sales ratio of 7.4 times PS has risen to levels last seen during the dotcom bubble in 2000.

Wall Street Journal

• Wang Boltong, the semiconductor merger and acquisition, will do it again! Proposed acquisition of software company SAS

According to people familiar with the matter$Broadcom (AVGO.US) $Negotiations are under way to acquire SAS, one of the world's largest private software companies.

If the talks do not break down, the deal could be finalised in the coming weeks, the person familiar with the matter said.The deal values SAS at between $15 billion and $20 billion.

Since 2018, former US President Donald Trump has blocked Broadcom's acquisition of rival Qualcomm on the grounds of security risks.$Qualcomm (QCOM.US) $Since then, the semiconductor giant, which was built mainly through acquisitions, has been looking for more deals.

• New York Fed President: no sign of the Fed slowing down QE

John Williams, president of the New York Fed, hinted that the Fed hoped to make "substantial further progress" in improving the job market compared with the state of the economy before the outbreak, and that the conditions for scaling back its stimulus program of $120 billion a month in bond purchases had not yet been met.

We have set a very clear indicator, not a quantitative indicator, I think, but a very clear indicator, that is, we want greater progress in the improvement of the job market than it was before the outbreak. This is the focus of my attention, and it is clear that we have not done so yet.

-John Williams, President of the Federal Reserve of New York

CNBC

• Oppenheimer analyst: Mo will get off to a good start to the earnings season.

Goldman Sachs, JPMorgan Chase, Citigroup and Bank of America will be the first to report results in the coming days. Wald, head of technical analysis at Oppenheimer, said investors should be cautious when investing in banking stocks.

Among these bank stocks, Wald is more optimistic.$JPMorgan Chase (JPM.US) $Oh, I don't like it.$Wells Fargo (WFC.US) $. JPMorgan has performed poorly since November, but Wells Fargo, by contrast, Wald believes JPMorgan is about to rise.

JPMorgan Chase rose 24% in 2021, outperforming the overall performance of the bank stock market. By contrast, Wells Fargo is up 46%.

• New York Fed survey: short-term inflation expectations of US consumers hit another record high

The survey showed that the median consumer inflation expectations for the coming year rose for the eighth consecutive month in June, rising to 4.8 per cent from 4.0 per cent in May, the highest level since the survey was launched in 2013. Inflation expectations for the next three years remained unchanged at 3.6 per cent. In addition, there are early signs that the booming property market may reach its peak, consumer expectations for house prices remain unchanged, and future uncertainty rises to an all-time high.

A report released Friday by Federal Reserve Chairman Jerome Powell to Congress this week reiterated the central bank's position that current inflationary pressures are "temporary."

Financial Times

• Musk defends the SolarCity acquisition case and fights back against the plaintiff's lawyer

On Monday, Musk defended Tesla's lawsuit over the acquisition of SolarCity, facing huge compensation if he lost. At the defense, Musk attacked one of the lawyers who sued him.

When the famous plaintiff lawyer Robbins Geller questioned Musk, Musk said, "I think you are a bad person," adding that I "respect the court very much, but I don't respect you."

Musk Intezra has been sued for its 2016 acquisition of SolarCity, a US solar photovoltaic company. The latest trial was initiated by several shareholders of Tesla, who argued that Tesla's $2.6 billion acquisition of SolarCity hurt shareholders' interests. Last year, some indicted Tesla board members reached a $60 million settlement with the plaintiffs, but Musk chose to fight back.

• "India Ali" received 3.6 billion US dollars in financing, Wal-Mart, Softbank Corp., Tencent and other capital injection

Indian e-commerce start-up Flipkart raised $3.6 billion in its latest round of fundraising, led by Wal-Mart, a major institutional shareholder, followed by Softbank Corp. and Singapore sovereign fund GIC, valuing it at $37.6 billion.

It is worth mentioning that the Canadian Pension Plan Investment Committee, the sovereign fund Qatar Investment Authority and Tencent also participated in the financing. Wal-Mart currently holds about 74 per cent of Flipkart, according to people familiar with the matter.

"this investment reflects the confidence of global investors in e-commerce in India, which has continued to accelerate over the past year," Flipkart said, and safe and convenient shopping has become a priority. Amazon and Mukesh Ambani, India's richest man, are also aggressively developing their e-commerce businesses in an attempt to capture India's middle class.

Follow this week

Today's focus: us June CPI data$JPMorgan Chase (JPM.US) $、$Goldman Sachs (GS.US) $、$Pepsi (PEP.US) $Financial report

The above is the headline breakfast of today's foreign media. We sincerely invite you to enjoy it and enjoy your investment.