A night of revelry in overseas markets.
Directly stimulated by the significant progress made by the Pfizer vaccine, European stock markets collectively rose overnight, and the three major US stock indexes, although diverging in the tail, all hit record highs during the session. In terms of commodities, oil prices rose sharply, and gold fell back in response.
On the news side, the who director-general's senior adviser said that next March may fundamentally change the direction and situation of the epidemic, and a vaccine is expected to be launched. Looking forward to the future market, the agency believes that the bullish trend of commodities in the future is expected to remain unchanged, and the probability of gold falling sharply again is small; the year-end market of the pharmaceutical sector in the industry can be expected, and it is optimistic that there are high-quality vaccine stocks that are expected to be listed on the market.
All three major U.S. stock indexes hit record highs intraday
On November 9, local time, the three major U.S. stock indexes collectively opened high, and all of them hit record highs during the session, and diverged from the bottom of the session. As of the close, the Dow was up 2.95 percent at 29,157.97; the S&P 500 was up 1.17 percent at 3,550.50; and the Nasdaq was down 1.53 percent at 11,713.78.
Source: Wind
On the market, US financial stocks and energy stocks rose collectively. By the close, Boeing was up 11.8 percent, American Was up 15.27 percent, Delta Air Lines was up 17.03 percent and United was up 18.71 percent. ExxonMobil rose 12.69 percent, Chevron rose 11.52 percent, Schlumberger rose 19.97 percent and Occidental Oil rose 22.13 percent.
Large U.S. tech stocks collectively retreated. Wind data showed that as of the close, Netflix was down 8.59%, Amazon was down 5.06%, Facebook was down 4.99%, Microsoft was down 2.38%, Apple was down 2%, and Google was up 0.1%.
Affected by the blockbuster good news of the vaccine, Wanda's AMC Entertainment Holdings rose more than 80% intraday, and the company's stock price fell slightly after the opening. As of the close, AMC Entertainment Holdings shares were up 51.41%.
European stocks collectively closed sharply higher. Wind data showed that the UK FTSE 100 rose 4.67% at 6186.29 points; the French CAC40 index rose 7.57% at 5336.32 points; and the German DAX index rose 4.94% to 13095.97 points.
In terms of commodities, overnight international oil prices collectively attacked, and the price of safe-haven gold fell sharply. As of 6:03 Beijing time on November 10, NYMEX crude oil and ICE cloth oil rose 7.22% and 6.44% respectively, and the price of the latter exceeded $41 per barrel; the price of COMEX gold fell 4.58%, hitting a new daily decline since August 11, falling nearly $90 per ounce overnight.
Overnight FTSE China A50 futures surged nearly 2 percent intraday, retreating to 0.37 percent as of the close.
A vaccine is expected to be launched in March next year
From the news point of view, the carnival of global equity assets is directly related to the super positive news of the Pfizer vaccine, and the WHO is also quite optimistic about the vaccine, believing that there will be a vaccine launch in March next year.
According to the People's Daily Overseas Network quoted by the Associated Press, Pfizer said that large-scale research results show that the new crown vaccine developed by Pfizer has prevented 90% of the new crown infection. According to Xinhua News Agency, australian pharmaceutical company CSL began to produce a new crown vaccine candidate developed by Oxford University and AstraZeneca Pharmaceutical Company in the United Kingdom, with a planned production of about 30 million doses.
CCTV News reported that on November 9, local time, the 73rd Resumed World Health Assembly was held in Geneva, and Bruce Aylward, senior adviser to the WHO Director-General, said at the meeting that due to the extraordinary work currently being carried out globally, the direction and situation of the epidemic may be fundamentally changed in March next year, and a vaccine is expected to be launched.
CITIC Construction Investment Futures pointed out that the bullish trend of commodities in the future is expected to remain unchanged, but it is necessary to pay special attention to the disturbance of several factors: first, the deep BACK structure of most commodities is not conducive to the further upward trend of the recent month contract; second, the revaluation of commodity pricing by the rmb that has appreciated more than expected; third, the foothold of inflation expectations to promote commodity allocation preferences, and the rhythm is expected to open on low-valued commodities.
However, as far as the epidemic is concerned, the current overseas prevention and control situation is still grim. According to CCTV news, as of 12:25 EST on the 9th, the cumulative number of confirmed cases of new crown pneumonia in the United States exceeded 10 million. Recently, the epidemic situation in the United States has deteriorated, and the number of new confirmed cases in a single day has exceeded 100,000 in consecutive days, and the number of deaths in a single day has remained above 1,000 for many days. U.S. public health officials warn that with the spread of the flu and the gathering of people brought about by the year-end holiday, the epidemic situation in the United States is very grim.
In Europe, on the 9th local time, Salomon, director of the French Public Health Agency, said at a press conference that the epidemic in France is still developing, and the peak of the second epidemic is coming. Italy implements hierarchical control of the whole country according to the level of epidemic risk, according to ansha news agency reported on the 8th, the emergency department of naples in the south said that due to the excessive number of patients admitted to the hospital for new crown pneumonia, almost all major hospitals in the city have faced a crisis.
Which A-share sectors are expected to continue to benefit?
As early as the overseas market, on November 9, the A-share market took the lead in opening a sharp rise, the three major stock indexes opened high and went high, and the market turnover once again exceeded the trillion yuan mark. Looking ahead, which sectors are expected to usher in significant positives?
Wanlian Securities believes that with the landing of peripheral uncertainties, the pharmaceutical industry at the end of the year can be expected, and the short-term ushered in a better layout window period, it is recommended to pay attention to three main lines: one is to lay out innovative drugs and research and development industry chain (CXO), innovative medical devices that benefit from new medical infrastructure, and medical services/consumer high-quality stocks; second, high-quality vaccine stocks with heavy varieties of continuous release or new product listing expectations in the next 1-2 years; third, pay attention to the industry's three quarterly reports and stocks whose performance exceeds expectations.
The sharp rise in international oil prices will undoubtedly inject new impetus into the oil sector. Huatai Securities pointed out that after the deep decline in international oil prices, it stabilized and rebounded, and some downstream sub-industries stabilized with demand, and profitability is expected to change significantly under low oil prices, and is expected to gradually transmit to the middle and upper reaches of the industrial chain. Through the optimization of stock business and the expansion of new categories, the leading segment of the low-value segment is expected to continue to increase its market share in the long run.
As far as gold is concerned, Pacific Securities believes that compared with the adjustment of the previous gold bull market, the adjustment of the current round of gold prices since August has been close to the previous level, and the probability of another sharp decline is small, especially after the US election, gold prices are expected to start a rebound. Lithium is recommended in the non-ferrous metals sector, and lithium is still the most certain growing variety of all metals.
Editor: Wang Yin