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Market overview
The NASDAQ rose more than 2% to a three-week high, Meta rose more than 5% to create the biggest gain in ten months, Disney, Mattel and Uber rose more than 9%, 10% and 8% respectively after the after-hours earnings reports, China ETFs rose more than 3%, and Xiaopeng Motors rose more than 9%. The Pan-European Stock Index hit its biggest gains in two months and a new weekly high, with the auto sector up 4 percent and Volkswagen up more than 6 percent. The 10-year US Treasury yield once fell by 6 basis points from the two-year high, and the German Bond yield ended the 11-day continuous rise away from the three-year high. Crude oil rebounded but U.S. oil failed to recover $90. Lun Aluminum rose for five consecutive years and hit a new high in more than thirteen years, and Lun Copper weighed $10,000 for the first time in four weeks. Gold hit a three-week high in four consecutive years.
News
U.S. Treasury sell-off temporarily suspended U.S. stocks continued to rise, Meta rebounded after four consecutive clouds, China once again outperformed the market, and Lun Aluminum reached a new high.
The blockbuster new regulations will be on the hot search for "personal deposit and withdrawal of cash exceeding 50,000 to register", and the Central Bank of China has responded authoritatively.
Xu Jiayin: Since September last year, there has been almost no inflow of funds, and it is impossible to repay debts by selling assets at a low price.
WuXi AppTec: The company is not on the "unverified list" and is not expected to be included in the future.
The tax exemption policy for new energy vehicles is expected to be extended for the third time.
Gree Electric appliances were included in the MSCI Emerging Markets Index, and China Mobile was included in the MSCI China A Onshore Index.
SoftBank Reassurance Pills: Ali's additional registered ADS is not related to any future transactions of the Group.
The first domestic PD-1 will be "over the hall" of the FDA, and the E17, which has been mentioned 25 times, has become the focus.
The fed's two top officials do not support a 50 basis point rate hike in March, and 3 to 4 rate hikes during the year are still basic predictions; Goldman Sachs: The Fed is expected to raise interest rates 5 times this year, with a cumulative rate hike of 10 times in three years.
The market closes
U.S. stocks: The Dow rose 0.86%, the S&P 500 rose 1.45%, and the NASDAQ rose 2.08%.
European stocks: The European STOXX 600 index closed up 1.72%. Germany's DAX 30 closed up 1.57%. France's CAC 40 closed up 1.46%. Britain's FTSE 100 closed up 1.01%.
A shares: The Shanghai index closed at 3479.95 points, up 0.79%, with a turnover of 393.7 billion yuan. The Shenzhen Component Index closed at 13531.31 points, up 1.55%, with a turnover of 538.1 billion yuan. The ChiNext index closed at 2883.60 points, up 1.30%, with a turnover of 204.4 billion yuan.
Gold: COMEX April gold futures closed up 0.5%, up for the fourth consecutive session at $1836.60 an ounce.
Crude Oil: WTI March crude futures closed up $0.30, or 0.33 percent, at $89.66 a barrel. Brent's April crude futures closed up $0.77, or 0.85 percent, at $91.55 a barrel.
ETFs: S&P 500 SPY closed up 1.46%, NASDAQ 100 QQQ closed up 2.12%, gold GLD closed up 0.34%, gold mine GDX closed down 0.19%, Silver SLV closed up 0.37%, US crude oil fund USO closed up 0.86%, and China Technology ETF-Guggenheim CQQQ closed up 3.34%.
Epidemic related
Fauci noted that it is hoped that the restrictions on the outbreak will be lifted "soon", but if an outbreak is detected in the community, the local health department may re-take measures.
Highlights
At the close of trading on February 9, the three major indexes turned red, the Shanghai Composite Index rose 0.79%, the Shenzhen Component Index rose 1.55%, and the ChiNext Index rose 1.30%; in terms of sectors, the digital currency, communications, and pork sectors led the rise, the lithium core army plate turned red, and the bank pulled back.
Tech stocks rebounded strongly. Alibaba rose nearly 7 percent, Kuaishou rose more than 5 percent, and NetEase, Xiaomi, Baidu and JD.com rose more than 4 percent.
The relevant person in charge of the central bank said that the new regulations will not affect the normal cash deposit and withdrawal of residents and the convenience of business, the main purpose is to prevent and curb illegal and criminal activities such as money laundering; the central bank will guide financial institutions to formulate implementation rules, while conscientiously fulfilling anti-money laundering obligations, it is necessary to strictly implement the minimum and necessary principles to understand the registered customer information, and must not increase the burden on customers.
At the meeting, Xu Jiayin proposed the goal of handing over about 70 million square meters and 600,000 sets of buildings in 2022. It is equivalent to nearly 50% of all Evergrande Group's guaranteed building projects to be delivered this year.
People's Daily reported that the digital yuan will be the "new infrastructure" in China's digital economy era.
Is the sharp rise in iron ore prices in the short term because of insufficient supply in the market? Not really. Overall, iron ore is still in a weak supply and demand pattern.
This time, the "unconfirmed list" is different from the "entity list" known to the public, and WuXi AppTec said that being on the list simply means that U.S. exporters must submit additional documents to export certain products to companies on the list.
According to the current fuel vehicle purchase tax calculation method, when consumers buy a new car at a naked car price of 200,000 yuan, the car purchase tax payable is 17,699 yuan. This means that if you spend 200,000 yuan to buy a new energy vehicle, you can save 17,699 yuan.
MSCI: The top three companies added to the MSCI Emerging Markets Index by market capitalization are Gree Electric Appliances, China Three Gorges Renewable Energy, and Trina Solar. Four new stocks such as China Mobile, Zhongwei New Materials and Oriental Gene were added to the MSCI China A onshore index, and five new stocks such as Gree Electric Appliances, Zhongwei New Materials and Lujin ADR were added to the MSCI China All Stock Index.
Veteran communication leader, the scale effect is remarkable.
According to The Paper, SoftBank will continue to hold a slightly less than 25 percent stake in Alibaba, and 90 percent of its division will continue to hold it, having converted a small number of shares into cash to support vision fund investments.
ICH E17 refers to the general principles of multi-regional clinical trial planning and design. Since its inception, it has become one of the most high-profile items in the E Series (Guidelines for Effectiveness) to improve the acceptability of MRCT in global regulatory submissions.
Atlanta Fed President Bostic said inflation is expected to start falling, with inflation expected to be 3 percent this year. He expects to raise rates three or four times this year at 25 basis points each, while saying the scale of the first phase of the balance sheet reduction could be more positive. In addition, Cleveland Fed President Mester expressed support for the Fed's recent rate hikes faster than the previous cycle.
Collins, who took office in July, will replace Rosengren, who left nine months early after last year's stock speculation storm. In September last year, Rosengren and former Dallas Fed President Kaplan announced their departures on the same day. Kaplan said at the time that the departure stemmed from the interference caused by the outside world's attention to the risks associated with stock speculation.
Goldman Sachs expects the Fed to raise interest rates five times in 2022, three in 2023 and two in 2024, and raise expectations for the U.S. 10-year Treasury yield by the end of 2022 by 25 basis points to 2.25 percent.
A hawkish shift in March may be inevitable, but investors don't have to panic.
From December last year to January this year, the wholesale price of used cars in the United States was almost flat, indicating that the surge in the past year has temporarily leveled off. JPMorgan recently predicted that global supply chain constraints have passed their peak. If the shortage of chips that limit the supply of new cars is soon alleviated, the effect of the price increase of used cars on inflation is also expected to be reversed.
Boosted by Disney's theme park and resort business, Disney's fiscal first-quarter revenue was $21.82 billion, higher than analysts' expectations of $20.91 billion, according to earnings. Its streaming service Disney+ added nearly 12 million subscribers to 129.8 million, also higher than analysts' expectations of 125.75 million.
China News - Regions and Industries
According to reports, the Seoul government in South Korea will implement a city-wide IoT deployment in 2023, and the backbone of this public IoT is to deploy a LoRa network throughout the city, which will install 1,000 LoRa base stations in public facilities.
Review: With its excellent performance, LoRa stands out among various IoT connectivity protocols. The LoRaWAN standard has been deployed by more than 155 major mobile network operators around the world and provides connectivity in more than 170 countries and continues to expand, according to the LoRa Alliance. Omdia analysts believe that LoRa will become one of the preferred connectivity technologies for smart city initiatives. With the promotion of LoRa IoT deployment in Seoul, South Korea, and the acceleration of global smart city construction, the LoRa technology market has broad prospects and companies in related fields have benefited.
2, mobile communication 丨 According to media reports, the 2022 Mobile World Congress (MWC) will be held in Barcelona, Spain from February 28 to March 3, for this conference, Huawei said that the global economy and society is fully returning, industry digitalization has become a new engine of economic development Green and low carbon is the common vision of human society, ICT technology (information and communication technology) plays an increasingly important role in it.
IDC predicts that more than 50% of China's economy will be built on or affected by digitalization in 2022; by 2023, one-third of companies will generate more than 30% of their revenue from digital products and services. The agency believes that with the acceleration of the application of various technologies, the process of industrial digitalization will continue to advance, and the digital market is expected to usher in a broad space for development.
3. Tourism丨 Australian Northern Territory Tourism Bureau announced on the 9th that from the 21st of this month, travelers who hold a valid Australian visa and have completed the full vaccination will be able to go to the Australian Northern Territory for leisure and vacation without isolation.
Comments: Jiang Ya, an analyst at CITIC Securities, believes that looking forward to the whole year of 2022, the trend of weakening the impact of the epidemic is clearer, the main line of investment in epidemic repair will run through the whole year, the stock price performance is expected to be more advanced than the fundamental repair, and the recommended ranking of the leisure service sector is hotel > tax-free > OTA> scenic spots> catering.
4. Blockchain丨In order to improve the financial technology product certification system and better meet the development and regulatory needs of the financial industry, the State Administration of Market Supervision and the People's Bank of China recently issued the "Financial Technology Product Certification Catalogue (Second Batch)" and "Financial Technology Product Certification Rules", adding blockchain technology products.
Comments: Orient Securities believes that blockchain, as a new type of infrastructure, can be widely used in multiple vertical application scenarios. Since 2020, national policies have attached great importance to the role of emerging infrastructure represented by blockchain in new technological innovation and industrial transformation. At the same time, in the context of xinchuang, the blockchain strategy is of great significance.
5. Sewage treatment 丨The National Development and Reform Commission and other four departments recently issued the "Guiding Opinions on Accelerating the Construction of Urban Environmental Infrastructure", proposing that by 2025, the new sewage treatment capacity will be 20 million cubic meters per day, the new and transformation of the sewage collection pipe network will be 80,000 kilometers, the new construction, reconstruction and expansion of the reclaimed water production capacity will not be less than 15 million cubic meters / day, and the county sewage treatment rate will reach more than 95%.
Comments: In addition, the proportion of environmental protection special debt has also increased since 2020. Yang Xincheng of Guosheng Securities said that the monitoring and detection of the water environment will be gradually systematized and transparent, and the standards will be more stringent. Water environment supervision policies are becoming stricter, and the industry space for sewage treatment services and sewage treatment equipment is expected to be further opened.
6. Brain-computer computing 丨 According to reports, the team of Professor Li Xiaoguang of the University of Science and Technology of China has made important progress in high-performance brain-like synaptic prototype devices. Based on the previous research, based on the design of ferroelectric domain morphology and flip kinetics, the team realized a brain-like synapse device with nonvolatile continuous regulation of electrical conductivity under sub-nanosecond electrical pulses in the ferroren tunnel junction, which can be used to build artificial neural network brain-like computing system, which was recently published in the journal Nat. Commun.）。
Comments: The brain-like computing technology that draws on the development of the human brain is considered to be an important solution to break through the bottlenecks of Moore's Law and architecture of computing technology. In essence, "brain-like computing", that is, the use of neural computing to simulate the process of human brain processing information, is considered an important direction of "next-generation artificial intelligence" and a hot direction in the current field of artificial intelligence.
7. Sports 丨 On February 9, the State Council New Office held a regular briefing on state council policies, and Qiu Ru, head of the Department of Mass Sports of the State General Administration of Sport, introduced the work carried out by the General Administration of Sport in promoting the construction of community fitness facilities in recent years. Qiu Ru mentioned that the State General Administration of Sport, together with the National Development and Reform Commission and other departments, issued policy documents such as the construction and operation of sports parks, community football stadiums, and the construction and management of fitness equipment for the whole people in public places, and proposed measures such as the construction and expansion of more than 1,000 sports parks and the strengthening of the management of fitness equipment for the whole people during the "14th Five-Year Plan" period.
Comments: Qiu Ru introduced that in recent years, more than 13.5 billion yuan of central funds have been invested to support the promotion of local construction and improvement of venues and facilities, thousands of public sports venues are supported to be opened free of charge or at low costs every year, and about 200 million people enjoy preferential policies for sports and fitness every year.
Today's highlights are forward.2
US January CPI data. The United States filed its first jobless claim last week. OPEC publishes its monthly crude oil market report. The Governor of the Bank of England speaks. Coca-Cola, Twitter earnings.
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