Today is April 11th, the market never sleeps, finance and economics already know
This program is produced by CBN and co-presented by Sina Finance
【Global Market Scan】********
Looking ahead to this week, China and the United States will release the latest CPI data, With China's March CPI annualized data released on Monday today and the United States releasing March's CPI data tomorrow evening.
Ahead of the Fed's interest rate meeting in May, this CPI data could be a final word, with inflation estimated to remain at a nearly four-decade high.
In addition, U.S. stock bank stocks will kick off the Q1 earnings season, which is also one of the focuses of the market. Because in addition to geopolitics and monetary trends, performance is the measure of a company's true strength.
【European and American reporters connected】********
London journalist Chen Xiyu:
European equities closed higher across the board on Friday. Judging by the cumulative rise and fall of the week, the performance of European stocks is differentiated. The UK FTSE 100 index rose the most, up 1.75% cumulatively, followed by the European Stoke 600 index, up 0.57%. Among the falling camps, the French CAC40 index fell the most, with a cumulative decline of 2.04%; the German DAX index fell second, with a cumulative decline of 1.13%.
Overall, last week the market closely followed the Fed's interest rate hikes, geopolitical situations, and the French election. Despite high inflation, natural gas prices in Europe have fallen. ICE UK gas futures fell 11.18% cumulatively last week, and TTF benchmark Dutch gas futures fell 7.54% last week.
However, energy prices, which have experienced multiple rounds of increases, have made it difficult for more and more industries to bear. Italy's gas-related industries require the government to take targeted price reductions, reduce gas value-added tax rates, and provide tax incentives for road transport vehicles using compressed natural gas, or there will be a strike.
In terms of the situation in Ukraine, according to CCTV News, the United Kingdom and the European Union continued to increase sanctions against Russia during the day. Britain announced sanctions against the daughter of Russian President Vladimir Putin and the daughter of Russian Foreign Minister Sergei Lavrov, who will be restricted from travel and frozen in assets.
The European Union announced an embargo on Russian coal. This is also the first time since the outbreak of the situation in Ukraine that the European Union has imposed sanctions on Russian energy.
Data to be released this week include the ECB's interest rate decision, the UK's February GDP and March unemployment rate, Germany's and France's March CPI, and the Eurozone's April Economic Sentiment Index. compere.
New York reporter Wang Jing:
The outlook for Fed tightening pressured U.S. stocks to close up and down
U.S. stocks closed up and down on Friday, with the Dow closing up 0.4% and the S&P 500 and nasdaq both closing lower. Last week, the market continued to be affected by the Fed's policies and closed down. Meanwhile, the U.S. 10-year Treasury yield broke through 2.7 percent, the highest level since March 2019. The yield on the 30-year Treasury note rose about 6 basis points to 2.746%. Starting this week, the market will usher in a new round of corporate earnings season, and the top 5 us banks will be the first to release results. Among them, JPMorgan Chase will release earnings reports before intraday on Wednesday, and Citi, Goldman Sachs, Morgan Stanley and Wells Fargo will release earnings reports on Thursday.
Mortgage rates soared in some of the homes for sale and prices fell
As U.S. mortgage rates continue to rise in line with the Fed's interest rate hike policy, the impact on the U.S. real estate market is gradually reflected. According to market data, about 12 percent of homes for sale fell in the four weeks to April 3. That's up from 9 percent a year ago. While U.S. home prices remain high, Redfin's chief economist said that as sellers have seen more and more instances of selling prices lowering, it suggests that the housing market is cooling. While demand is still far greater than supply, sellers can't pricing too high and expect buyers to bid.
More U.S. consumers expect mortgage rates to rise further
Earlier last week, the U.S. 30-year mortgage fixed rate broke through 5 percent. With mortgage rates rising and supply and demand imbalances, U.S. consumers are increasingly pessimistic about the housing market, especially in terms of mortgage rates, with more consumers expecting mortgage rates to rise further and believing that house prices will continue to rise.
【 Last Night &Today's Hot News 】********
1. The Russian government announced the addition of a reserve fund of 273.4 billion rubles to guarantee economic stability under sanctions
On the 10th local time, the Russian Federal Government released a message that the Reserve Fund of the Russian Federal Government increased by 273.4 billion rubles to ensure economic stability under the conditions of sanctions, and the relevant orders have been signed and announced.
2. A number of convenience store companies in Japan have raised prices in Japan's 711 Rosen Family
In Japan, major convenience stores have recently raised prices for in-store goods due to rising energy and commodity prices. According to the reporter's understanding, the Japanese convenience store giant 711 raised the price of about 60 kinds of goods, and the whole family also raised the price of some fried foods sold in the store this week, an increase of up to 12%; another convenience store giant, Lawson, has recently raised the price of about 50 kinds of goods such as rice balls and sandwiches.
3. SpaceX transports the first all-civilian crew to the International Space Station
On April 9, the U.S. SpaceX Crew Dragon commercial spacecraft carrying the first all-civilian crew arrived at the International Space Station. In addition to michael López-Aleglia, a former NASA astronaut, the spaceflight included American Larry Connor, Canadian Mark Passy, and Israeli Iltan Stiby. The three passengers each had to pay US$55 million (about 350 million yuan) for the trip. It was the first spaceflight mission carried out entirely by a crew of civilians and bound for the International Space Station.
4. Musk, a new member of Twitter's board of directors, takes office as the "first fire": criticize big V for not tweeting! "Mold" and Bieber were named
Less than 5 days after the "new" Twitter board, Elon Musk lit the "first fire". On the evening of April 9, Beijing time, a Twitter account called "World of Statistics" posted a tweet listing the top ten celebrities who have received the most attention on Twitter at present, namely former US President Barack Obama (131.4 million), singer Justin Bieber (114.3 million), singer Katie Perry (108.8 million), singer Rihanna (105.9 million), Portuguese football player Cristiano Ronaldo (98.8 million), singer Taylor Bieber (114.3 million), singer Katie Perry (108.8 million), singer Rihanna (105.9 million), Portuguese footballer Ronaldo (98.8 million), singer Taylor Bieber . Swift (90.3 million), singer Lady Gaga (84.5 million), Tesla CEO Musk (81 million), Indian Prime Minister Narendra Modi (77.7 million) and The Ellen Show (77.5 million).
Musk retweeted the tweet and said that "most of these 'header' accounts rarely tweet, and even if they do, there is very little content." Is Twitter going to die? In addition, Musk also publicly named Justin Bieber@JustinBieber and Taylor Swift @TaylorSwift, saying that Taylor Swift has not even sent a tweet in the past 3 months, while Justin Bieber has only sent one tweet so far this year.
5. The improvement of the status of the RMB reserve currency highlights the strength and charm of China's economy
According to the "Official Foreign Exchange Reserve Currency Composition (COFER)" data released by the International Monetary Fund, the proportion of the renminbi in COFER in the fourth quarter of 2021 hit a five-year high. Observers believe that the continuous improvement of the international influence of the renminbi reflects that China's economy has won more "votes of confidence" in the international community.
6. CITIC Securities: Continue to firmly follow the main line of steady growth firmly lay out low valuation and expected low varieties
CITIC Securities Research Report pointed out that the main driver of A-shares has switched from sentiment to fundamentals, while the negative impact of the economy on the market is weakening, and many pessimistic expectations of the market have bottomed out in advance before the fundamental data; it is expected that the market style in the second quarter is biased, and the real estate and infrastructure industry chain is the biggest highlight; continue to stick to the main line of steady growth, and firmly lay out the low valuation and expected low varieties.
7. This week, 39 restricted shares will be lifted The market value of the ban will be lifted to 60.026 billion yuan
This week, 39 stocks will face the lifting of the ban on restricted shares, with a total lifting of 4.483 billion shares, calculated according to the latest closing price, the total market value of the lifting of the ban is 60.026 billion yuan, an increase of 26.45% from the market value of 47.469 billion yuan this week. Judging from the situation of lifting the ban on shares, German Nano, Ordos and Guolian Securities will lift the ban amount of more than 5 billion yuan, and the circulation plate of Kemei Diagnosis, Nuohe Zhiyuan, Boya Seiko, Xinfengguang, Gong pharmaceutical, Hualu Biological, Zhongzhou Special Material, Xiaoming Shares, and Ligao Food Will increase by more than 100%.
8. New energy vehicle companies have raised prices to pay attention to the forward-looking layout opportunities of lithium batteries
On the afternoon of April 10, WEILAI issued an announcement that due to the continuous sharp rise in global raw material prices this year, from May 10, 2022, NIO will make appropriate adjustments to the prices of its products, and the starting price of ES8, ES6 and EC6 versions will be raised by 10,000 yuan. Affected by the continuous sharp rise in upstream raw materials, new energy vehicle companies such as Ideal ONE, Tesla, BYD, and Ideal have raised prices.
Huaxin Securities believes that price increases or short-term orders and sales will have little impact on the overall sales volume during the year, and the demand for the industrial chain will continue to increase. Optimistic about the following directions: 1) power battery: Ningde era, BYD, Yiwei lithium energy, etc.; 2) diaphragm: Enjie shares, Xingyuan materials, etc.; 3) high nickel ternary: Dangsheng Technology, Ronbay Technology, Zhongwei shares, etc.; 4) negative electrode integration: Putailai, Zhongke Electric, Shanshan shares, etc.
9. Supply and demand further improved In the second quarter, the domestic soda ash market may be strong
Since 2022, the export volume of soda ash from the mainland has gradually increased.
Essence Securities believes that with the rising pressure on the cost of global soda ash, the global competitiveness of soda ash in the mainland has been greatly improved, and the export volume to Southeast Asia and Japan and South Korea is expected to exceed expectations from the second quarter of 2022, and it is recommended to pay attention to Yuanxing Energy, Sanyou Chemical, Zhongyan Chemical, Shandong Haihua, etc.
10. Guangdong proprietary Chinese medicine collection is beneficial to exclusive varieties and winning manufacturers
On April 8, Guangdong Alliance Qing Kailing and other proprietary Chinese medicines centralized procurement of the proposed selection /alternative results were announced, and 174 enterprises and 361 varieties were selected/selected.
Huaan Securities recommends paying attention to the Chinese medicine sector (brand valuable OTC + Chinese medicine innovative drugs): Yiling Pharmaceutical, Kangyuan Pharmaceutical, Xintian Pharmaceutical, Guizhou Sanli, Tongrentang, Guangyuyuan, China Resources Sanjiu, Jianmin Group, Katazai and other targets.
Today is April 11th, the market never sleeps, finance and economics already know
This program is produced by CBN and co-presented by Sina Finance
【 Daily Inspiration 】********
The main driver of A shares has switched from sentiment to fundamentals, and when to bottom, I hope to see the difference soon.