According to the Wise Finance app, CXO concept stocks are all rising. As of the time of publication, GENSCRIPT BIO (01548) rose by 4.71% to HKD 12.46, WuXi AppTec (02359) rose by 3.92% to HKD 34.45, Pharmaron (03759) rose by 3.23% to HKD 9.92, and WuXi AppTec (02269) rose by 3.06% to HKD 11.44.
On the news front, on August 6th, the Federal Reserve's Daley stated that the economy has been slowing down over the past few months and remains open to cutting interest rates at the upcoming September meeting. The labor market is quite stable, and there is currently no sign that labor market weakness will turn into a recession. The Federal Reserve will take all necessary measures to ensure that we achieve our dual goals. In addition, according to CME's &#34;FedWatch,&#34; the probability of a 25 basis point rate cut by the Federal Reserve in September is 17%, while the probability of a 50 basis point cut is 83%.
Last week, the non-farm payroll data released by the United States was far below expectations, raising concerns in the market about the risk of an economic recession. J.P. Morgan, a Wall Street investment bank, stated that a significant moment of change in the U.S. labor market has arrived, indicating that the Federal Reserve may take sudden rate cuts before the scheduled September meeting. Analysts at J.P. Morgan stated in a report that the money market currently expects the Federal Reserve to implement a 116 basis point easing policy by the end of this year, a significant increase from the previously expected 86 basis points before the release of the non-farm payroll data. At present, it appears that the Federal Reserve may take a rate cut action outside of a scheduled meeting for the first time since March 2020

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Concept stocks related to CXOs are all on the rise, with significant increases in stocks such as Genscript Bio, WuXi AppTec, Pharmaron, and WuXi Biologics. The Federal Reserve has indicated that it will maintain an open attitude at the upcoming September meeting, with an 83% probability of a 50 basis point rate cut. Market concerns about the rising risk of an economic recession have led to speculation that the Federal Reserve may take sudden rate-cut actions before the September regular meeting. J.P. Morgan, a Wall Street investment bank, predicts that the Federal Reserve will implement a 116 basis point easing policy

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Understanding the Market | CXO Concept Stocks All Rising, the Federal Reserve Will Maintain an Open Attitude Towards Rate Cuts at the September Meeting, with the Probability of a 50 Basis Point Rate Cut Increasing to 83%