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Market overview
On Monday, the three major U.S. stock indexes hit new three-week lows, with the NASDAQ falling more than 2 percent, the energy sector falling more than 3 percent leading the decline in S&P, Tesla down nearly 5 percent, chip stock indexes continuing to fall more than 2 percent, and NVIDIA down more than 5 percent. Chinese game stocks rose against the market, with Station B up more than 7% and NetEase up more than 2%. Russian stock indexes fell more than 1% but Russian oil rose more than 2%, pan-European stock indexes fell back, and European stocks only French stocks rose. Pakistan's stock market posted its biggest gain in 2020. The 10-year US Treasury yield broke 2.78% intraday, a new three-year high, and the German Bond yield reached a new high in more than six years. The ruble is down more than 10 percent from a five-month high, and the dollar index weighs 100 intraday to approach a two-year high. Crude oil fell more than 5 percent intraday, and cloth oil fell below $100 for the first time since mid-March, a new one-and-a-half-month low for U.S. oil. U.S. natural gas rose nearly 6 percent, a more than thirteen-year high. Nickel ended six consecutive gains, falling thousands of dollars a day to the biggest drop in two weeks. The golden triple sun hit a new high this month.
News
U.S. stocks fell again, Chinese game stocks bucked the market, Station B rose more than 7%, U.S. treasury sell-off continued, and cloth oil fell below $100.
Xi Jinping: Only by tightening the Seeds of China can we stabilize China's rice bowl.
Li Keqiang presided over a symposium of the main responsible persons of some local governments in the economic situation.
State Council: in response to the new coronavirus infection pneumonia epidemic joint prevention and control mechanism, effectively do a good job in freight logistics to ensure smooth work; firm confidence in continuous struggle, to win the battle against the epidemic prevention and control, Sun Chunlan presided over a meeting in Shanghai to study and deploy; Shanghai's first batch of "three districts" division list was announced on the 11th.
China's social financing increased by 4.65 trillion yuan in March, new RMB loans increased by 3.13 trillion yuan, and M2 increased by 9.7%; the analysis said that the total amount of data recovered moderately, but the structural improvement was not obvious, and the financing needs of enterprises and residents were still relatively weak.
The China Securities Regulatory Commission, the State-owned Assets Supervision and Administration Commission and the All-China Federation of Industry and Commerce issued a notice on further supporting the healthy development of listed companies.
Suzhou sales restriction relaxation: the second-hand house restriction has been changed from 5 years to 3 years, the transfer period of new houses has not changed, and the purchase of houses by non-registered resident families has been changed from social security for 2 consecutive years to 2 years.
Biden did not ask India to take a stand on the Russia-Ukraine issue.
The risk of a foreign debt default looming for the first time in a century is looming, and Russia has warned the West to take legal action.
The results of the first round of voting in the French presidential election are out! Macron supported 27.85% to lead the run, and Le Pen to 23.15%.
Pakistan's foreign minister announced his withdrawal from the elections and Sharif will become the new prime minister; Sharif stressed the importance of maintaining good relations with China.
The market closes
U.S. stocks: S&P 500 fell 1.69%. The Dow Jones fell 1.19%. Nasdaq lost 2.18%.
European stocks: The European STOXX 600 index closed down 0.59%. Germany's DAX 30 closed down 0.64%. France's CAC 40 index closed up 0.12%. Britain's FTSE 100 closed down 0.67%.
A shares: The Shanghai index closed at 3167.13 points, down 2.61%, with a turnover of 435.1 billion yuan. The Shenzhen Component Index closed at 11520.21 points, down 3.67%, with a turnover of 528.6 billion yuan. The ChiNext index closed at 2462.04 points, down 4.20%, with a turnover of 172.7 billion yuan.
Gold: COMEX June gold futures closed up 0.1% at $1948.20 an ounce.
Crude Oil: WTI May crude futures closed down $2.97, or 4.04 percent, at $94.29 a barrel, down more than 1 percent last week. Brent's June crude futures closed down $4.30, or 4.18 percent, at $98.48 a barrel, down 1.50 percent last week.
ETFs: S&P 500 SPY closed down 1.71%, NASDAQ 100 QQQ closed down 2.37%, gold GLD closed up 0.5%, gold mine GDX closed down 0.55%, Silver SLV closed up 1.45%, US crude oil fund USO closed down 2.44%, and China Technology ETF-Guggenheim CQQQ closed down 2.78%.
Epidemic related
State Council: Respond to the joint prevention and control mechanism of the new coronavirus infection pneumonia epidemic, and earnestly do a good job in ensuring the smooth flow of freight logistics
The circular requires that all regions and departments make every effort to ensure the smooth transportation of freight logistics, especially medical prevention and control materials, daily necessities, government reserve materials, postal couriers and other civilian biological resources, and important production materials such as agriculture, energy, and raw materials, and earnestly maintain the normal production and living order of the people.
Strengthen confidence and continue to fight, and make every effort to win the battle of epidemic prevention and control! Sun Chunlan presided over a meeting in Shanghai to study and judge the deployment
According to the Shanghai release, Sun Chunlan pointed out that the epidemic prevention and control situation in Shanghai is still severe and complex, and it is necessary to lock in the set goals, strengthen confidence in victory, and come up with more targeted and resolute measures to solve the outstanding problems. As soon as possible, identify risk personnel, do our best to compress the time limit of each link of "collection, delivery, inspection, reporting, transfer, and collection", and accelerate the speed of mixed pipe review.
Make every effort to eliminate hidden risks and make every effort to maintain a strict and tight prevention and control posture in the social aspect! The Municipal Party Committee and the Municipal Government held a special working meeting on epidemic prevention and control tonight
According to the Shanghai release, Li Qiang, secretary of the municipal party committee and head of the municipal leading group for the prevention and control of the new crown pneumonia epidemic, stressed at the meeting that it is necessary to resolutely implement the spirit of the important instructions of General Secretary Xi Jinping, in accordance with the requirements put forward by Vice Premier Sun Chunlan when investigating the epidemic prevention and control work in Shanghai, strengthen the belief in victory, maintain a tenacious fighting spirit, be strict and strict to the end, make every effort to eliminate all possible risks and hidden dangers, make every effort to maintain a strict and tight prevention and control posture in society, and work together to win the big battle of epidemic prevention and control.
How to prevent the epidemic after the division of the three districts, such as express delivery and supply personnel? Do antigen + nucleic acid testing daily
Shanghai's first batch of "three districts" division list was announced on the 11th. According to the surging news, Gu Honghui, deputy secretary general of the Shanghai Municipal Government and director of the office of the Municipal Leading Group for Epidemic Prevention and Control, said that enterprises should strictly implement the main responsibility, do a good job of two daily inspections, one antigen test in the morning, and one nucleic acid test in the afternoon or evening; it is necessary to strengthen personnel training, care about the daily health status of employees, and provide sufficient personal protective equipment.
Japanese media: The BA.2 strain may trigger the largest outbreak in Japan to date
Due to the spread of the Aomi Kejung sub-strain BA.2 epidemic, the number of new infections in Niigata, Akita and other prefectures has reached a record high, and Japan may usher in the seventh wave of the new crown epidemic on record.
Highlights
ChiNext index fell more than 4% to create a new low in the stage Express logistics went against the market to go higher Lithium fiber core army performance is sluggish Ningde fell more than 7%
On April 11, the index opened low today, the Shanghai index lost the 3200 point mark, fell nearly 3% intraday, and the ChiNext index fell more than 4% in the afternoon, hitting a new low since July 2020. In terms of sectors, lithium batteries, semiconductors and other track stocks led the decline, and real estate stocks fell sharply; the logistics sector set off a rising tide under the stimulus of favorable incentives, and agricultural stocks, new retail, community group purchases, prefabricated dishes and other sectors strengthened against the market.
Hong Kong stocks were weak throughout the day Hang Seng Technology fell more than 5% Auto and technology stocks led the decline "Wei Xiaoli" fell hard
Weilai announced the suspension of production due to supply chain problems, due to concerns about production suspension, new energy-related sectors pulled back, and lithium battery stocks fell in the front.
China's social financing increased by 4.65 trillion yuan in March, new RMB loans increased by 3.13 trillion yuan, M2 increased by 9.7%
In the first quarter of this year, the increase in social financing totaled 12.06 trillion yuan, and RMB loans increased by 8.34 trillion yuan, of which medium- and long-term loans to residents increased by 1.07 trillion yuan. Analysts believe that the financial data in March recovered moderately in terms of total volume, but the structural improvement is not yet obvious, and the financing demand of enterprises and residents is still relatively weak.
China's March CPI up 1.5% y-o-y PPI up 8.3% y-o-y
China's March CPI rose 1.5% year-on-year, 0.9% ;PP I rose 8.3% year-on-year and 8.8% previously.
Xi Jinping: Only by tightening the Seeds of China can we stabilize China's rice bowl
According to Xinhua, General Secretary Xi Jinping stressed during his inspection and investigation at the Yazhou Bay Seed Laboratory in Sanya City, Hainan Province, that seeds are the key to food security in the mainland. Only by grasping China's seeds with their own hands can we stabilize China's rice bowl and achieve food security. Seed sources must be independent and controllable, and seed industry science and technology must be self-reliant and self-reliant.
Li Keqiang presided over a symposium of the main responsible persons of some local governments in the economic situation
According to CCTV News, Li Keqiang pointed out that it is necessary to enhance the sense of urgency, pay close attention to the implementation of the spirit of the Central Economic Work Conference and the government work report measures, tax rebates and tax reductions, financial support for the real economy, the issuance and use of special bonds, the start of construction of key projects, and support for enterprises to stabilize their posts.
The China Securities Regulatory Commission, the State-owned Assets Supervision and Administration Commission and the All-China Federation of Industry and Commerce issued a notice on further supporting the healthy development of listed companies
The circular proposes to adhere to the "two unwavering", treat all types of market entities equally, and do not set any additional conditions and invisible thresholds to create a market environment of fair competition.
Accelerate the construction of a unified national market, build a solid foundation support for building a new development pattern Interview with the responsible comrades of the National Development and Reform Commission
To build a new development pattern, it is inevitable to be based on the unified national market. Only when the domestic market is efficiently connected, opening up the channel from market efficiency to labor productivity, resident income, market player growth, supply quality improvement, demand optimization and upgrading, and forming a benign interaction between supply and demand promoting each other and producing and marketing at the same time, can we expand the market scale and capacity, give play to the advantages of the market to promote competition and deepen the division of labor, and then form a strong domestic market.
Suzhou sales restriction relaxation: the second-hand house restriction has been changed from 5 years to 3 years, the transfer period of new houses has not changed, and the purchase of houses by non-registered resident families has been changed from social security for 2 consecutive years to 2 years
Suzhou shortens the limited sales period of second-hand houses, which helps to release the demand for house replacement, increase market supply, and help promote a virtuous cycle of new houses and second-hand houses.
iFLYTEK's 2021 revenue of 18.3 billion yuan increased by 40.61% more than expected, and the number of employees increased by 3,301 people
Exceeded expectations.
A new record! Tesla's sales in China are booming, delivering more than 65,000 units in March
Tesla's cumulative sales exceeded 180,000 in the first quarter of this year, and a total of 65,814 vehicles were delivered in March, the highest level since December last year.
Biden did not ask India to take a stand on the Russia-Ukraine issue
U.S. government officials said Biden did not ask Modi to express a clear position on the situation between Russia and Ukraine during the meeting, nor did he ask Modi to promise to stop buying energy from Russia.
President Zelenskiy: No longer interested in NATO diplomacy
Zelenskiy mentioned that NATO's diplomacy in the Russian-Ukrainian conflict had not yielded results, and called everything "very bureaucratic."
Russia warned the West of legal action
Last week Russia paid $650 million in rubles for the principal and interest on Eurobonds that are required to be paid in U.S. dollars, and the U.S. Treasury Department refused to grant the correspondent bank sanctions exemption. Rating agencies believe that if the debtor does not receive the remittance within the 30-day grace period, it constitutes a default. The Russian finance minister refers to westerners who artificially create a breach of contract by the Russian side.
The results of the first round of voting in the French presidential election are out! Macron 27.85% supported leading the run, Le Pen received 23.15%
In the first round of balloting, if no candidate obtained more than half of the votes, the candidates with the top two votes participated in the second round of the ballot. The second round of balloting will be held on 24 April.
Pakistan's foreign minister announces withdrawal from elections and shabaz Sharif is expected to become the new prime minister
According to CCTV news, on the 11th local time, Pakistan's National Assembly held a meeting to hold the election of a new prime minister, Pakistani Foreign Minister Qureshi withdrew from the election, no need to vote, the opposition coalition candidate Pakistan Muslim League (Sharif faction) chairman Shabaz Sharif will become the new Prime Minister of Pakistan. According to Pakistan's "Dawn Newspaper", Sharif stressed the importance of maintaining good relations with China in his speech after his election on the same day. Winning the election will express its position on the China-Pakistan Economic Corridor, what kind of person is the new prime minister of Pakistan?
OPEC officials have refused to back the blame for saying the oil crisis is out of their control
Russian oil supply losses could exceed 7 million bpd due to current and future U.S. and Western sanctions or consumer boycotts; this would far exceed the level that OPEC has the ability to replace. OPEC secretary general of the Organization of the Petroleum Exporting Countries said the global oil market crisis caused by the Russian-Ukrainian conflict was not under the control of the organization.
Fed governors call interest rate hikes "brute force" to the economy and try to avoid "collateral damage"
Fed Governor Waller said Monday that the Fed was doing everything it could to avoid the "collateral damage" of rate hikes. He called rate hikes a "brute force tool" that could "hit" the economy. On the same day, Chicago dovish Fed President Evans said it might be very likely that the Fed would raise interest rates by 50 basis points at its May meeting. The latest survey by the New York Fed shows that consumer inflation expectations reached a new high in March.
Twitter CEO: Musk decided not to join the company's board
Joining, Musk's stake in Twitter will be limited. Without joining, Musk can do anything.
China News - Regions and Industries
1, the game 丨 According to media reports, the domestic game version number ushered in a restart after the suspension of issuance after July last year, and the documents learned from relevant sources show that there are currently a number of game version numbers that have been approved by the State Press and Publication Administration, and the payment is April 8, this round involves approved games including "Dream Voyage" of Sanqi Interactive Entertainment, "Party Star" of Heartbeat Company, "Tower Hunter" of Gigabit subsidiary Thunder Network, etc.
Comments: Analysts believe that in the long run, the metacosm is expected to become the next generation of media forms beyond the Internet, games will become the key content entrance of the metacosm, and the metacosm will reconstruct the production and valuation system of the game, bringing new imagination space to the game industry. With the version number will be reopened, the performance of manufacturers and the valuation of the sector will usher in a repair.
2. Agricultural products 丨 Experts and entrepreneurs held on April 7 proposed that to stabilize prices, we must grasp the key points of grain production, energy supply, and smooth flow of goods. It is necessary not to do a good job in spring ploughing and production when the farmers are in the agricultural season, do a good job in ensuring the supply and stable price of agricultural products, especially special varieties, and ensure a bumper grain harvest throughout the year. The heads of China Logistics Group, China Agricultural Group and other enterprises put forward relevant suggestions at the meeting.
Comments: At present, the spring ploughing production in the mainland is gradually unfolding from south to north, and the sales of agricultural materials have entered the peak season. China Agricultural Group recently said that in order to ensure that the supply of pesticides in spring this year is sufficient, of high quality and stable prices, the company has increased the purchase volume in all sectors, and the overall increase of 10% year-on-year will ensure that agricultural materials are constantly filed and not sold out.
3, quantum communication 丨 According to reports, recently, the Tsinghua University team for the first time to achieve a communication distance of 100 kilometers of quantum direct communication new system, which is currently the world's longest quantum direct communication distance, is conducive to the realization of intercity quantum direct communication without relay conditions.
Comments: The quantum direct communication distance reaches 100 kilometers for the first time, which can realize point-to-point quantum direct communication between cities without relay, and can support some applications of wide-area quantum networks based on secure classical relays. Quantum technology is currently the only secure and strictly proven secure communication method, and has great application value and prospects in the fields of military, national defense, finance and other information security.
4, power exchange 丨 According to reports, the Tianyancha App shows that recently, Lazas Network Technology (Shanghai) Co., Ltd. "a processing method and device for power exchange services" patent was announced. And Lazarus is the main company that operates Hungry. The patent obtains and displays the information of the power replacement service provider to be selected, the map data of the user's location, and detects that the user selects the current power replacement service provider in the power replacement service to be selected, and obtains the power station replacement information according to the user's location, and displays the power station in the corresponding map interface.
Comments: The institutional research report pointed out that the rapid growth of new energy vehicle production and sales will give birth to the accelerated development of the charging and replacing industry. Driven by capital, OEMs, policies, etc., it is expected that the application and promotion of the power exchange model in some high-end passenger cars and operational vehicles will be significantly accelerated.
5, oxygen cylinder 丨 According to reports, recently, many Shanghai citizens reported that their home oxygen cylinders are about to be cut off. It is understood that Shanghai Shenwei Medical Gas Company supplies more than 90% of the household oxygen cylinders in Shanghai, but due to the positive employees of the filling plant found in the early stage, the company has completely stopped production.
Comments: For patients with severe COVID-19, oxygen inhalation is an important support means to help them survive and defeat the virus.
Today's highlights are forward.2
Sunwoda released its earnings report. Fed Governor Brainard spoke. US March CPI. Germany March CPI. Eurozone ZEW Economic Sentiment Index for April.
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